1937-02-13 — Page 12

12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Sharebrokers'

Association,

WEDNESDAY.

Buyou

Galiped

Bala

Nominal

Hayere

Bellers

Sales

FEB. 10.

Banka

$13.10)

11.80

!!!!!!!!!!!!

::

****

iii

£142

180

A

#

$1,500 ti.. Banks

Do. (London)

218 Chartered Banks....

232)

Mercantile B. “A”

Do.

Bank of East Asia...| $84

N. G. & 8. BAIKU ...

Insurances

1310 Canton insaXM.SOUM..

Union InsuraI2008 (49) Underwriters .............

HK. Fizes..............................

international Asace, d. Shipping

Douglanes

1620

1301

草、

ww

HONG KONG DAILY PRESS, SATURDAY, FEBRUARY 13, 1937.

FRENCH FRANC

RECOVERY

"Bear Covering"

London, Feb. 11.

the The further recovery of French franc, which at one time this morning touched 104.08. is 31ess chiefly attributed to bear covering, 2114 induced by unconfirmed reports 2187 from Paris that important changes B3y

are contemplated in French Anap- 8143

cial policy.

པོ

321

641

1313

$30

Steamboat

635

Indos (prof.)

136

Do.

(del.)

$10

c d

149/6 Shell

$10

23/3

Waterboats

sijning

Kailansur-aikan

Venezuela Goid Flea $71

Docks, Wharves,

Godowns, etc.

1108 H.K. & E. Whorres.

Do.

*49 360 oth $30

30

$26 -38 141/6

Providente (oli)

$1.70 $1,80

|20 ctx.[

(now)

$20

H.K. & W. Docks

$1.70

| 201/21

$108

10 str.

190

53

$3

$104 Shaugnai Docks S.

New Engineerings8.

Lands, Hotels, and

dings

1.K Lauda.........

Du. 4% Debentures 8112

H.K. Hotels

*** **

Dealers in foreign exchange as- sert that the dealings have not been heavy, poining out that, with the relaxation of the recent pres- sure on the trane, moderate cover- ing suffices to cause a sharp im- provement in the rate.

to

Jet-

LONDON EXCHANGE RATES

(British Wireless Service)"

Feb.

Feb. 11.

Paris Cleneva

105 7,0

105 3/64

21.441

Berith Athens

13.17

21.45+ 12.17)

Milan

93

93 1/32

Copenhagen

BANKS

HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA

BANKING CORPORATION

Authorised Capital $50,000,000 Issued & Fully Paid-Up $20,000,000 Reserve Funds: —

Sterling

AUSTRALIA AND CHINA Incorporated by Buyal Chartir Issa

"HEAS OFFICE: LONOUN-

£6,500,000

Hong Kong Currency.

Paid-up Capital.

2:3.000.000

Reserve

.....$10,000,000

ker Fund

23.164.000

Stockholm

Reserve Ļlability of Pro- prietore

£3.000.000

Shanghai

Reserve Liability of

New York

Amsterdam

4.891 B.341

4.89 7:18 8.987

Proprietors

$20,000,000

Agencias and Branches:

Head Office-HONG KONG

ALOR STAR ILOILO AMRITSAR 120M

BALDON

· SEMARANG

Vienna Prante

BANGEDE

GREEMBAN

140)

Madrid.....kes

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

BATAVIA

BOMBAT

KOSE.

Lisbon

How Hond

G. Miskin, Esq

Chairman. "ALCUTTA

CANTON

KUALA

LUMPUR

BOUZABATA

Bombay

Deputy Chairman, | CAWNPOWE

Montreal

4.89] 29.04).

J. 5. Bousfeld,” Esq.,

TAIPING TIESTRAN

A. H. Compton, Esq.,

* MANILA

1/1 80/84

Hon. Mr. H. Dodwell,

MRDAN

M. T. Johnson, Esq.,

NEW YORK YEPING

Brussels

Yokohama

Beltrade

Monte Video

Rio

Bucharest

Sliver (forward)

Silver (spot) War Loan

4.89-9,16 29.01)

Closing Quotations

February 10, 1937:

On LONDON: -

Telegraphic Transfer... 11/2 Bank Bills, on demand 27/39 Credits four months'

sight.....

J. R. Masson, Esq.,

K. 5. Morrison, Esq..

T. E. Pearce, Esq.,

A. L. Shielda, Esq..

V. M. Grayburn, Esq.,

Chief Manager.

Branches: Iloilo Peiping Ipoh Johore

Penang Banguon Saigon San Fran-

cispo

20

20 1/16. 201

31% 103g.

31031

Amoy

O NEW YORK:-

Bangkok

Bank Bills, on demand 30

Batavia

Credits, 60 days' night. 303

Bombay

Robe

ON BATAVIA:

Calcutta

On demand

Canton

Kowloon Kusta

1/3 1/32

ON PARIA:

Chefoo

Bank Bills, on demand 549

Celomba

Credits, 4 month's sight 874

Dairen Lyons

101

ON 841GON: —

On demand

Haiphong Manila

On demand ..... OB JAPAN:---

521

ON MANILA:-

Hamburg Muar

On demand

On demand * 108

ON BANGKOK :---

On demand

*1107

Harbin Mukden Tsingtao Hongkew New York Yokohama

SOVEREIGNE

Bank Buying

1/23/2

in

Forward "quotations have proved to 75 and 258 centimes dis- count for one month and three months respectively, against 93 and 296 last night at the close, showing that at least some of the recent 30". pessimism regarding the future of $13.10❘ the

been franc han

dispelled. though operators are still inclined treat rumours with reserve pending more, definite information. WEAKNESS OF GUILDER Correspondingly, the weakness of the gullder, which is at present quot- ca at 8.994. sellers, compared with 8.981 last night, and the apparent inclination of the Swiss franc to follow suit at 21.74) against 21.461 last night is taken in some quar- ters to represent a change-over in the attitude of international capi- talists, who, perhaps, are begin - ring to move funds long stored in Swiss and Netherlands currencies to French, where the chances of appreciation are possibly greater. It might also indicate a desire to invest in French securities.

6.7 86.TO

138

$4.10

351

136

$106

$16

Shanghai Lauda...S.

816

Metropolitan Lands..

$4.05

H.K. oltre:S.......

China Do

160

Do. Debor1982.

Humphroya

Chunter ExtILLY.....

Cotton Mülm

$13.80 w

3157

SA

Shai Cottonatokil)S.

3GH

Dr. (new,S.

31

Zoong Sunga ........ S

$30

144

Wing On Textiles(3.) 343

43/43)

Public Utili$Jom ·

$16

| 113,20| Teamways.......$13.20

Pink Traues (old) ...

Yaumati Ferris

... 3x5

China Lights (old). $13.86

R2

138

༣.

Do.

(IAW)...{

$86

Star Ferries

181 $34

id.

$241

#13,80] $1.80

13.0

$13.5

Домн

(Dew)...

110.801

561/60

HK. Being......

866

$20

Macau dio.

110

Sud Lights ...

130 11.65/0

Telephones (old)...

$29)

od

Do. (new)

$11.60 d

:84

7

China Buss ....... Tractions

20/0

Industrials

118

Caldbeck, Fjord.) M.

$16

Macgregora prof.)8,

10

Canton Icon

$1.70

SII

Coments

$10,801

$3.30

Bupus

340

17

Dairy Farm

40 ata.

Daya bek

Date of

Month.

27/- Do,

(prut.).....)

Miscellaneous

$23

$43 $1.60

Lane

$94

Watsons

...:

Another school of thought affirms that the weakness of the gulider is natural, since a stage has been reached where repatria- tion of Netherlands capital is al- most complete.- Reuter.

Or SHANGHA‡¡——

On Demand

On SINGAPORE:—.

Telegraphic Transfer... Bank, on demand..........................

Rate

BAR SILVIE, par.on.

PHILIPPINE MINING

NEWS

The Dumayop Mining Associa- tion in Solano, Nueva Vizcaya has promising properties, according to Enrique Ostrea, mining engineer

NO AGREEMENT who inspected the property. Mr.

REACHED

Germany's Debt Talks

Berlin, Feb. 114 Since no agreement was reached in the standst negotiations to day, the creditor nations (Britain, the United States, Czecho-Blova- kla, the Netherlands, switzerland, Sat France, Sweden and Belgium) met

14

$1.70

(16) 40 ota.

H

10.90

12

Ch. E'tainmonte......

Constructions, fold):

Do

Crawford..... Nanyang Tobacco...

Sinceros

Wm. Powell.....................

3. U. Enterprises

H.K. Govt. 4% Lou

Do. 31%

Wallace Harper.......

H.K Wing On.....)

20 uta

$1

3108

prem. 147

1101

$60

**

S'bai Do

41

151

Vibro Piling

*Sales to Shanghai

Height

HONGKONG METEOROLOGICAL

REGISTER.

Hong Kong servatory, Feb. 12.

Previous Un Dato On Date

Дву

HONG KONG TIDE TABLE

+

From February 13 14 19, 1937,

HIGH WATER

LOW, WATKE.

At

at

Hong

Kong

Hong Kong

at 4p.m. 10 am.

4 p.m.

Standard Standard

Bar:meter. 29 95

20.06

30 01

Time.

Time

Temperature 84

65

h. m.

Bat.

13

11. Du

101

it, in. 0450 10 7

Humidity. 86 Wind-

81

Direction

N

NNW

12 1

0591

Force Westber

17 10

Baia

05 62

182

04 28

མ་

19.05

22

Sun. 14

Mon. 16

ia Tuca

Wed. 17

Thur. 18

Fri. 19

73

1056 63 29 40 11.2857 233561

1905 16:0

00 27 8 0

13.45 of 30

133

18

1430

02 52 4.3

04:45 1546

.06 60 127

20 28 24

07 15 3 2

29 25 2 2

67 40 3 0

"Cold Storage

"Silver"

Highest open-air Exmperature, 11-70 Lowest open-air Temperature, 18:61

alone.

A joint session of creditors and debtors, however, has been con- vened for to-morrow afternoon.

German banks and, industrialists are not diposed to accept the creditors' demands that credit lines be shortened by 10 per cent.. but the opinion is that a working agreement will have been reached by Monday next

Hjalmar The fact that Dr Schacht. Prealdent of the Reichs. bank, has, invited all the delegates to a party on Monday indicates that an agreement is expected by then

Transocean Neine ServssC

the properties of the company in Cadig. Camarines Sur and in Chap- dap, Calaung, Tayabas. Mr. Lean- tovich will also supervise the con- struction of a 50-metre pier in the Ostrea reported that the firm's Dapdap group. Mr. Leontovich ar- property is mineralized and that rived from Shanghai where he he" recommended, development and worked with the Chinese govern- exploration work so as to determent, for many years as an engi- mine the extent of the manganese ore. James Stevenson and Henry C. Bass, members of the board of trustees, have been in the mines doing prospecting work. The com pany has 99 mineral Jode claims of gold and manganese in Solano, It has its offices at 312 Carriedo. manila.

PLACER CLAIMS

The Philippine Gold Mining Co., Inc., P100.000, corporation was recently organized by prominent business men. The incorporators are Clemente del Castillo, Assem- blyman Juan L. Luna, Dr. G. V. Campomanes, Mrs, Luisa Araneta

neer.

SUBSCRIPTION OPEN'S. Subscription to the capital stock of the Itogon Federated Mines, Inc. was opened last week. The compa ny is the owner of 88 full lode gold. and sliver claims in Itogon. Ben- guet, southeast of Benguet Conso- 'ffdated Mining Co., Antamok Gold- feld Mining Co. and adjoins the Itogon Goldfelds in Sayo-Flanza

group

OFFICERS REELECTED

Foochow

Lumpur Shanghai London Singapore Sourabaya

Malaces Sungei

Patani

Treatsin

Hankow (Johore) Tokyo

..

COLOMBO DELKI HAIPHONG

HAMBURG

HÄNKOW

HARBIN

KARACHI

XLANG

KUCKING MADHAB

(Piking) PENANG

HỒNG KONG RANGOON

HANGHAI BINDAPORA SITIAWAN

TONGEAR

(Bhuket) TRINGTAO

YOKDHAMA

AMBOANGA

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSims received for On" Year or shorter periods at- rator which will be quoted on applica- tion.

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

A. BREARLEY,

Manager.

Current Accounts opened Local Currency and Fixed Deposita 18, received for one year or shorter periods in Local Currency and Sterling on terms which will be quoted oa application.

Also up to date Safe Deposit Boxes in various sizes To Let." Hong Kong, 5th Feb., 1937.

BONG KONG BAVINGS BANK

Business

of the abova

THE CHASE BANK

QUEEN'S ROAD CENTRAL

HEAD OFFICE:

13, Pixo STERNT,

NEW YORK.

An American Bank offering com plate Foreign Banking Bervios in the principal Markets of the world. Interest Rates on Application. ...

SAFE DEPOSIT BOXES

TBank is conducted by the This Bank is entirely owned by HONG KONG & SHANGHAI BANKING CORPORATION. Rules may de obtained on application.

For the HoxG KONG & SHANGHAI

BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 24th February, 1936.

BANK OF EAST ASIA, LUMITED.

Authorised Capital ...$10,000,000.00 Paid-up Capital ****... 5,598.800.00 Bearrve and Undivided

Profits

2,688,355.59

HEAD OFFICE:-Hoso Kero No. 10, Des Voeux Road, Central

Board of Directory :-

Sir Shonson Chow, Chairman La Koon Chun, Esq. Lu Lan Sang, Esq. P. K. Kwok, Esq. WongChuSon, Esq. Kan Ying Pu, E. Wong Yun Tong, Esq. Chan Ching Shek. Esq.

At the annual meeting of the stockholders of the Dulangan Min- ing Interests Co. Inc.. which was held on January 30, at the Manila del Castillo. and Simplicio del Ro-Hotel, Rotary room, the re-election sario. The new corporation has 13 of the board of directors was ans- placer claims in La Trinidad, sub- | nimously approved with the excep-

tion of Rafael Corpus who of Benguet, Mountain

elected vice-president vice Mr.. McCord who resigned recently. During the meeting the report and balance sheet of the Dulangan Austy Mining Interests Co. Inc., for the year 1936 was unanimously up-a proved and ratified.

province Province

NEW ENGINEER The Cadig-Mambulao Mines, Inc. has acquired the services of Va- lerian Leontovich, mining engineer, to direct the exploration work on

GAS RESPIRATOR PROTECTION

Necessity For Instructing

Civil Population

BY MAJOR PAUL 'MURPHY

(Formerly Director of Experiments at the Government Chemical Defence Station, Porton.)

It

WHY RESPIRATORS ÁRE ISSUED

WEA

azninst

ares, and cutting out other in draught-creating arrangements we build up our Arst line of defence, and it is behind this line that the civil respirator is, in the main, designed to function.

The civil respirator gas, then, is not designed, nor could be expected, to give the same degree or length of protection as the military respirator...

NOT ABSOLUTE PROTECTION AGAINST GAS

www.watende

}

Kan Tong Po, Esq., Chist Manager. Li Tee Fong, Esq., Manager.

Bomber

Can

Bronches and Agencies 2-

Kowloon Prose SOUTKORTB London Rangcod Bwslow Mardin Sairvo Bynday

Fagrask

Melbourne Wa

Haiphongt

Bi

Torra

HOW Koskiln

UNICA

Bemarang

Vadov

Paris

Bhancha

Yokohamx

Sew York

Peiping Bings pere

THE CHASE NATIONAL BANK, NEW. Yous, with Resources over V.B. $2,027,000,000.00_--

D. M. BIGGAE,

Manager.

THE YOKOHAMA" SPECIE BANK.

LIMITED

Capital (fully paid, up),

Yan 100,000,000 DO Reserve Fund ... Yen 150,900,000.00

HEAD OFFICE:-YOKOHAMA

BRANCHES AND AGENCIES, AT: Alexandria Honolulu Hangoon

Rio do Bangkok Hainking Batavia

anciro Berlin Bombay

Fransisco Calcutta

Karachi

Kobe London

Bon

Los AngelesSeattle Manila Semarang

Canton Dairen Moji

(Dalny) Nagasaki

Fangtien Nagoya

Shanghai

Singapore

Soersbaya

(Mukden) New York Sydasy

Hamburg Osała

Hankow ·Otsru

Harbin

Paris

Tientsin

Tokyo

Taingtao

Hong KongPeiping Yinkow

Interest allowed on Current A counts

Deposits

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

Y. KANO,

Manager.

Every description of Banking Hong Kong. 13th Nov., 1938. and Exchange business transacted. Loans

gianted securities,”

од

approved

Current Accounts opened *D Local Currency and Fixed De posits received for one year of

Local

sad shorter periods in Foreign Currencita on terms which will be quoted on application.

Bale Jeposit Boxes To Let KAN TONG PO.

Oriet Mancu

military and civil standpoint, has yet to be solved.

SPECIFIC- FUNCTION -

The

MANTADS SAY YOU

ought to

prove adequate if all It must not therefore be assum-

the other necessary gak mesKUTEN ed that civilian respirators are, or that they ever will be, a complete If then, the civil respirator is the provision of gas-proofed, and absolute protection against gas. considered in relation to the pur- shelters an adequate detection They were not that even in 1915- pose for which it is issued there warning, dispersal and decons 1917, when only real anses, such le no reason why, granted know- tamination service training, and as chlorine and phosgene, for in- ledge and integrity on the part so on-are present. stance, were employed, and when of the designers, it should not

Will not high explosive and in-

tainly, Just as gas will

It is unfortunate that very few B-Blue cky; O=Cloudy; D- Dristies P-Fog; L-Lightning; people appear to understand clear-

It thus becomes of vital impor- M-Mist; OOvercast; P-Pasingly the nature of the functions of Showers JRqualls; R=Pain: the gas respirator. Because tance that the object of sun T-Thunder.

played a dominant part in mill-respirators to the civil population Lazy defence against gas during should be made clear. Against the war it is proposed that it what and to what extent are they should play a vital important, expected to protect people? Li "cold storage silver" which has though not dominant, part in civil

I think perhaps the simplest at the end of the war what are perform the limited and specific cendiary attack complicate the

of gas defence? Ger long been held by one powerful in-defence against gas.

way of putting this is say that, called particulate gases" were function allotted to it by the question task of From 1915-1917 the

com- terest. Opinion is divided regard defence against gas was

unlike the military respirator. ing the identity of this holder, but paratively simple; comparatively tacs as a second line of defence compelled us to re-equip our is to answer those solated ques- against high explosive and in

Suppose that. the majority incline to the view only because defence against a partially to protect when the first forces in the held with the tiens about the respirator which cendiary bombs. that he is an Industrial magnate was always complex and, as I

A "re- our serial defence and our first defence breaks

down famous "Green Band" respirators are so often put to one. who has long been well-known as shall show. has become much to rise above the 20d. level on the

wholly or partially.

specially designed to "stop" these spirator is not a cut-and-dried line of ground defence, le., "gas- a champion of the cause of bime-more so during and after the war. London market, despite the now.

Now, the first line of defence is particulate" gases. Still less thing which will give protection proofed" shelter, should break talism but is now retiring.

I have no wish to be depressing, generally improved sentiment re- garding the forthcoming Indian It is understood that certain in- but. I think it certain that this fortunately simple. If ordinary were they a complete or absolute against anything and everything. down will these civil respirators Budget, is causing some specula-terests have orders to sell fairly complexity is certain to increase houses, offices, and factories are protection from the middle of Anyone who suggests that it is is a suffice to fill the breach? In my onwards when the intro- dangerous impostor. But it will opinion they would fall utterly tion in the City regarding the rea- large quantities of silver on this rather than decrease as time goca rendered proof against gas the 1917

person's account at 20 1/16d., or on and that, if the standard of nation is provided with an im-duction of mustard gas confront give a high-grade gas protection against a

war-time respirators better, and that considerable stocks the attack rises, as it inevitably mense amount of natural sheltered us with a problem which seat of a specine kind and in the tard gas attack; more utterly from this source still remain for must, our defence, must inevitably at minimum of cost. Then by our gas casualties sky high, and bands of an adequately-trained than our

break down unless it rises, too, in merely closing doors and windows, which still confronts us with a person will effectively protect the falled in 1917-1918. United Ber- täidation,

corresponding, ratio.

atopping up cracks, putting out problem which, both from the wearer. Our civil respirators vices Review

Introduced which were peculiarly general scheme of defence. com the civil respirator is designed penetrative of respirators and It will be seen how difficult. It pliéate the question of defence"

London, Feb. 10.

The persistent inability of silver

son, why brokers are most reluctant to express any opinion.

Exhaustive investigations, how- ever, indicate that the position is due to the continued, offerings of

Reuter

line of

first-class - serial mus-