1937-05-11 — Page 12

12.

DAILY SHARE QUOTATIONS

Hong Kong Stock

*STRIN Black

Exchange

Balo

Nomlasi

Sharebrokers'

Association

$nym 10.

MONDAY.. MAT.

Gallare -Balan

Ipina

Kanka

HONG KONG DAILY FRESS, TUESDAY, "MAY 11, 1937.

H. K. STOCK EXCHANGE

AND

H. K. SHAREBROKERS' ASSOCIATION

Gold Mining

Philippine Gold

Quotations

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital

... $60,000,000 Issued & Fully Paid-Up 320,000,000

THE CHARTERED BANK OF INDIA AUSTRALIA AND CHINA Incorporated by Royal Charter. 1853

HEAD OFFICE: LONDON.

1.85

30

"023

K... S. Mortisod, "Esq..

Hon. Mr. J. J. Paterson,

T. E. Pearce, Esq.,

V. M. Grayburn, Esq.,

Chief Manager.

..Canton Kuala

Chefoo Colombo

21

COLOMBO DEARI

HAIPHONG

HANKOW

HARDIN

MADRAS MANILA

MEDAN

NEW YORK THINGTAO PRIPING YOXCHAMA

(Peking) KAMBOANGA

PINANG

HONG KONG RANGOON

FOREIGN EXCHANGE and General Banking Business transacted,

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or

shorter perioda stratee which will be quoted on applion- tion.

Reserve Funds:-

Sterling

....£ 6,500,000

Hong Kong Currency

Paid-up Capital..

£3.000.000

1326

1895

1280

$1 655 $1,865

€1191

H.K. Banks

Bo. (London)

KAVANA

Chartered Banks .... Mercantile Bks. "A"

Do.

Bank of East Aria... N. U. & S. Back...

Insurances

Canton Insura12000.

1!11!!

$1,865

10th May, 1997

Reservo..

$10,000,000

£119

8th May

Time Received

Reserve Liability of

Reserve Fund ...... Resorve Liablilty of Pro- prietors

£3.000.000

21st

B. S.

clos

£33

Closing Rate

clos.

Proprietors

$20,000,000

£3.000.000

9.45 8.46

0.40 10.04 10.18 10.35 10:48 11.08 2.37 2.50

3.10 3.91

340

Agencies and Branchst:-

Head Office:-HONG KONG

£15

383

32+

Antamoks

1,05 1.00 1.10 1.06

Board of Directors.

Atoks

ad

4325

Union InsurancJS 1..

$830

Baguio Gold

991 20

33 20

G. Miskin, Esq.,

19

92

19)

Chairman.

Hon. Mr. M. T. Johnson,

BATAVIA BOMBAY CALCUTTA

Underwriters

......

1.60

ALOR STAR ILOILO AMEITSAR (POR BANGION KARACHI

KLANG KOBE KUALA

BALOON

BEMARANG

BAREMBAN

BHANGWAY

SINGAPOR

SITIAWAN

"

A

341

sipping

$36

Douglazes

39

Steamb wks

$35

Indos (pret.)

750

Do. (def.)

103/1

Shelmum.

$0.46

Waterhout

21/3

H.K, Fires........... $280

International Assoo 5.

Benguet Consol

10.75 11.25.10.75 11.25

Benguet Explor

001

00

11

Big Wedge

IDA

18

291

138+

Coco Grove..

56

58

60

Consol Mines

-.025 .027

020

.020

.084

$35

Demonstrations

71

71

79

150

13/1

E. Mindanso

24 22)

1

#i:

$1

Blining

Kailans

41990 Raubs

Venezuela Gold Fida,

Godowns, ele.

G. Goldfields

12 17 12

14

Itogons

1.00 07 1.00

1.00

20/-

113

I. 1. L

76

75

36

Masbates

29.

23 201

Docks, WharTOS,

Min. Resources

26

24 $6

Northern Mining

07

07 .00

$2}

⠀⠀

$119

131

H.K. & K, Wharton, $119 Provideats (old) ... $2.20

Do (new) 50 ota 11.K. & W. Docks

Paracale Gumaus

42

41

44

San Mauricio

2.08

2.00

2.05

$30

Sagoe Consol

371

3

38 37

$69 Shanguni Docks S.

$10%

United Paracales

21

70

72

66

88

LE

136311898 18

11,00

Deputy Chairman. | CANTOR

J. K. Bousfield, Esq.,

CAWNPORI

LUMPUR KUORING

BOURABAYA

TALFING

A. H. Compton, Esq.,

A

TINTAIN

S. E. Dodwell, Esq.,

ТОМСКАН

J. R. Mason, Esq

(Bhuket,

HAMBURG

A. L Shield, Esq.,

「 ྃ་

Gy

Amoy

Brancher. Iloil

Bangkok Ipoh

Perang

Batavia

Jobora

Bombay Calcutta

Koba

Peiping

Rangoon Saigou

$31

New Engineerings; │· ... (Lands, Hotels, and

13

Market Comment,

F

Uncertain ន

Q

E S'dier 5

A

دی دیوند

371

H.K. Hotols.18

1351

HK Landı...........

1351

$105

Do. 4% Debentures $36.35

#15

Shanghai Landa...

$10

Metropolitan Landa...

$5,85

H., Boalties...........

$6.90

200

Do Debenturess.

180

Humphroy..................

Chinêsu. Esta tension

16. W

Cotton Mills

S'bai Cotton(old)S.

Da.

Wing On Textiles(S.)}

བད་ཀྱིན་ཚོཙྩ, ;

LONDON EXCHANGE RATES

(British Wireless Service)

May 5 109-31/32

12.271

May 8 109-59/64 21.58 12.271

93-25/32

93-13/16

{news.

31

Loong Sings...S..

$30

101

164

Stockholm

Pable Uplition

Shanghai

1/21

SILDS

14.00/10

Teaways

$14,85]

$14.90

4.93)

New York

Amsterdam

8.92)

4.932 8.994

186

Star Farrivain] $841

Vienna

141-7/16

$20

Yaumati Ferries ...

$26.

Frague

$14,30

$14

China Lights (old).. | 114.30

Madrid

Do.

Lisbon

1804

H.K. Electrice ***** ઠાનું

.01

Hong Kong

$17

Macao do,

1:31

Saudaxan Lights...

Bombay

Montreal

Telephones (old) ...

$12,70

Brussels

4.923

$112

Yokohama

27/0

28/6

Belgrade

Monte Video

$16.70

Athens

Milan

Copenhagen

Parla

Genera Berlin

Peak Trains (014) ........ 14).

Do (now)... $1

Do. (дем)...

China

Bases......:

Tractions

27/- Do. (prof.)......

Industrials

$16) Caldbeck, o.). $17MacgregorÍCH: 8, 12 Canton Ices

Caimontes

Ropes meni

Misccilaneous'

Dairy Farms

#15,40) $15.60

$15,30

15.40/1

16.30

40 96

Do. (now) 45 ota

Finceres.....esin, et Warsons

Ch.G.671926 Bd.

ོ་་སྐྱུ ཱཿ ུ་

Rio

Bucharest

Silver (Forward)

Silver (Spot)

War Loan

$5.9

#26

31% 102

Closing Quotations

May 10, 1937.

On LONDON: -

Telegraphic Transfer... 11/2 Bant Bills, on demand 7/39 Credits four months'

sight........

1/3 1/32

ON SHANGHAI :—

...... 1024*

On Demand

ON SINGAPORE:-

126

.4.70

Ch. taninenta......

$1.60

Constructions, (old)

$0.80

Lans Crawfords...

Nanyang Tobacco. ST

50

12.70

*1.6;

$5.55

35

8. C. Enterprises

86%.

prum. 2

H.5. Gort, 4% Lamb

108)

prom. 2

31%

Wallace Harper....

101

$50

H.K Wing On

On JAPAN:-

135

S'ha Do

Vibro Piling $4.60

prom

On demand

22

Maradians inv. (Lon.)

ON INDIA:-

7/8

140 ol W. Powolls

(H.B.)

*Sales to Shangbri

PHILIPPINE MINING

NEWS

Salacot officials reported a total | 30 and 71.5 feet respectively. production of P21,477.68 worth of A pocket chute was begun on the

bullion during March. The mill 800 level of the Ban Antoulo shaft" treated 4,570 dry tons of ore dur~ | preparatory to mining on this ing the period under review. level. The water was pumped Average value per ton amoupted down to below the 500 level, and to P6.11.

a drift to the east is belag start- .'"Ore

ed on this vein. This level is 300 Production"-Repairs to the power plant were completed

below the main mill haulage level.

"Milling"---Mi operation on the 27th and the plant resum-

maintained at 84 percent of the ed full capacity operation on that date.

ball mill capacity. Tonnage treat- ed was 4,570 dry tons, an average of 147 tons per day. Bullion pro- duction was P21.477.68, an extrac- tion of 79.8 percent.

Distribution of ore production by levels was as follows: Surface, ́439 tona; 900 level stopes, 432 tons; 800 level stopes. 1,958 tons; 700 level, 1,293 torik; and miscellane- ous, 398 tona.

was

The low extraction can be ac- counted for by values retained in Ore extraction costs for labour. additional mill solution built up power and materials were F2.49 for full tonnage operation. per ton,

distributed as follows: Mulling costs for labour, power Labour P1.28: explosives 20,567 | and materials was P180 per ton timber PQ.16; carbide P0.05; drill distributed 25 follows: Labour

P0.715; spares and miscellaneous supplies P0.88; supplies

puwer PO.215; and power P0.22.

P0.465.

"Development" Total develop. Essential supplies used per ton ment work advanced was 408,5

of ore treated were, cyanide 1.18 reet, 200.5 feet of which were | lbs." zinc-dust 0.16 lbs.; steel balls capital and 208 feet opérating 1.38 158. development. Labour, power and' material cost per foot of drift was

perfo P9.26.

The west drift of the 700 level was driven 109.5 feet toward the Ipo tine. Low assays over hårrow widths were obtained.

"General"-Living quarters for 20 single men were built during the month. Also a volleyball court for recreational purposes.

Men employed averaged 286, distributed as follows Mine 195; mill 82: powerplant and shops 27; Drifts east and west on the Q-2 clerical 12; transportation, police vein on the 500 laval were driven land. Ime production, 20.

On demand......... 524

ON NEW YORK! ---

29.224 4192-7/18

Bank Bills, on demand 304 Credits, 60 days sight. 304 ON BATAVIA:-

On deviand OF PARI÷-

543

Bank Bills, on demand 679 Credits, 4 month's sight 707 ON SAIGON:-

On demand

ON MANILA:-

.678

4

On demand

v¥ !

ON BANGKOK-

108.

On demand

149

BOVERSIGNS Bank Buying

Kate

101

Telegraphic Transfer... }81

Bank, on demand.

A. K

STOCK

EXCHANGE

YESTERDAY'S

OFFICIAL QUOTATIONS

The market was inactive but rates were well maintained, in face of a certain small enquiry, and an absence of sellers.

BAR SILVER," per on

PROPERTY

Q E'ior E E. S'ilier

F.B.I. AND THE BUDGET

Simple And Fair

Method"

!

In his presidential address at the annual meeting of the Federa tlon of British Industries recently, Lord Hirst, who was unanimously re-elected president for a further year of office, said they must all realize that the Government's de fence programme would be a cost. ly business, and it could have been but little surprise that the Chancellor of the Exchequer had found it necessary to increase taxation.

The alterations which he was making. added Lord Hirst, would receive the consideration of their Taxation Committee, and if they had any views to put forward he was sure they would receive every consideration from the Chancellor. The Chancellor's proposals were based upon his bellef in the con- tinued prosperity of industry and of business generally." Lord Hirst said he believed that Mr. Cham- berlain was fully justified in mak- ing that assumption. There were certain courses open to the Chan- cellor by which he could obtain the money which the country re- quired. He bad chosen a simple and fair method, which Lord Hirst said he was personally prepared to accept under present conditions.

EXPORT TRADE

*

Every far-sighted industrialist to-day should be concentrating his efforts on maintaining and in- creasing his oversea connections. If once they were neglected com- petition in these days' was go severe that our rivals would take

DEAL our place, and once our position

Kowloon San Fran-

cisco Lumpur Shanghai London Singapore Dairen Lyons Sourabaya Foochow Malacon -Sungei

Patani Haiphong Manila" Hamburg Muar Tientsin Hankow (Johore) Tokyo Harbin Mukden Tsingtao Hongkow New York Yokohama

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 að any of the Agencies and Branches

RY. ROBERTS,

Manager.

Current Accounts opened in Local Currency and Vized Deposits reveived for one year or shorter 1, 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. 12th April, 1937,

HONG KONG SAVINGS BANK

HE Business of the above

TBank is conducted by the

HONG KONG. & SHANGHAI BANKING CORPORATION. Ralee may be obtained on application,

For the Hoxo KONG & SHANGHAI

BANKING CORPORATION.

-¿V.: M. GRAYBURN, -- Chief Manager.

Hong Kong. lat March, 1937.

BANK OF EAST ASIA,

LIMITED.

Authorised Capital ...$10,000,000.00 Paid-up Capital......... 5,598,600,00 Reserve and Undivided

Profita

2,776,728,76

HEAD OFFICE:-HONG KONG No, 10, Des Voeux Road, Central.

Board of Directora

Bir Shouson Chow, Chairman Li Koon Chun, Esq. Li Lan xng, bag. P. K. Kwok, Esq. WongChuson,sq. Wong YunTong, Esq. Kan Ying Po, Esq. Chan Ching Shek, rung Pin Wah,

Kaq.

Eaq

Kan Tong Pu, aq., Chief Managor. Li Tae Fong, Esq., Manager.

Branches and Agencies --

Kowloon Penang Borstays Loadou

Bsarous BAJFOR Malbourne la Fran- Nagasaki y deco

Amoy BALAYIA Bombay Caloocta Cantua Haiphong Bankow Honolul

!!

was even temporarily abandoned,

Kobe was a long and, difficult and

it

Tramway Company's maybe impossible task to regalu

Purchase

The Hong Kong Tramways, Ltd. was the only bidder, and secured the lot at the upset price of $17,-

At the omces of the Public Works Department yesterday afternoon, a plot of Crown Land, registered at the Land Office as Inland Lot No 4955, was put up for public auction, the upset price The Manila market lacked in-being based at $1.50 per square

foot. terest until the afternoon, when a general set-back was registered.

· SUYERS HK. Banks, $1855. Bank of E. Abla, $93. Canton, Insurances, $325. Underwriters, $it. -- H.K. Fires, $280. H.K. Wharves, $119, Providents (Old), szł Providenta (New), 50 cta. HK. Hotels, $73. FLK. Realties, $5.50. H.K. Trams, $14.95.

Peak Trams (Old), $4. Peak Trams, (New), $11/" China Lights (Old), $14.30. China Lights (New). $14. HK. Electrics, $50}, Macao Electrics, $17). Bandakan Lights. $124. Telephones (Old), $29}. Cements, $15.40. Dairy Farms, "#251." S'hai Cottons (Old), Sh.$117. S'hal Cottons (New), Bl.$92. Constructions (New), 45 cts. Vibro Piling, $4.70.

~ SELLERS' HA. Banks, $1855.

154.

The lot, which is situated west of and adjoining Inland Lot No. 3546, King's Road, North Foint, has an area of about 11,438 square feet, and its annual Crown rental is $210.

Sp York Bexttle Ovaka Pacio

BWALOR Bydlery

Tathoki

Tiantda

Toky

Samarnog] Vanooster Shangba Yokohama Piping Singapore

THE CHASE BANK

11

QUEEN'S ROAD CENTRAL

HEAD OFFICE:

18, PINE STREET,

NEW YORK.

An American Bank offering com

plate Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by

TES CHASE NATIONAL BANK, NE YOEL, with Resources over U.S. $2,027,000,000,00

*

DM BIGGAB,

Manager.

THE YOKOHAMA SPECIX BANK

LIMITED

Capital (fully paid up)

Yan 100,000,000 0 Reserve Fund Yea 133,650,000.00

HEAD OFFICE:-YOKOHAMA

BRANCHES AND AGENCIES AT: Alexandria Honolulu Bangkok Hainking Batavia Karachi Berlin Bombay Calcutta

Canton

Kobe

Bangoon Rio do

Janeiro San

Francisco

London Los Angeles Seattle- Manila Semarang

Dairen Moji Shanghai

(Dalny). Nagasaki Singapore Fengtion Nagoya Sourabaya

(Mukden) New York Sydney. Hamburg Osaka 2. Tientsin Hankow Otaru Tokyo Harbin Paris Tsingtao

Hong KongPoping • Pinkow

Interest allowed on Current Ac counts.

Deposits received for Fixed Periods st rates to be obtained on application.

Y. KANO.

Manager,

SINGAPORE RAW RUBBER

the ground that had been lost. It Every description of Banking Hong Kong, 10th March, 1937. might be better for the time be- and Exchange business transacted. ing to satisfy our domestic re-

Loans granted on approved quirements by importing more

securities. Current freely from abroad, if thereby we Local Currency and Fixed De- Accounts "opened in could maintain and increase our posits, received for one year or export trade.

shorter periods in Local and Foreign Currencies on terms which

Safe Deposit Boxes To Let

H.B, JOSEPH & ço.

Hong Kong, May 10, Mesars R. B.Joseph & Co., re- KAN TONG PO,

ceived the following quotations

·Chief Manager.trom Singapore in Straits Currency

tor Raw Rubber:"

Buyers

38 up #

India must have on many classes of industrialists in this country.

the federation had been working hard on the matter and had ar- rived at a policy which met with the approval of all these differing Industrial interests. This was be

We were still far from the time when export trade had recovered to the extent of our domestic busi- nesa, get there were grounds for hope. The most recent export figures indicated that the situa- tion was improving. The increase in the cost of raw materials meant that, those markets had more money to spend, and we could look to fucrease in demand from that source. There were still in many markets serious obstacles to be overcome, and it was dimeulting placed before the Board of to be optimistic about an early solution of our dimculties in that direction. A start had been made by the tripartite currency agree ment entered into between France, the United States, and ourselves ist autumn. Progress from that point had, however been dis- appointingly slow, and it remain-

The lot is to be held from the Crown for a term of 75 years, with the option of renewal for one fur ther term of 75 years.

The Hong Kong Tramways Ltd., state that they have no defnite plans yet as to what to do with the land. It adjoins Inland Lot No. 3546, King's Road, North Pointed to be seen whether it was pos- which also is owned by them, and sible to develop the situation created by that means in such ́B way as to lead to a removal of the barriers which so kampered inter- national trade" "to-day.''

the two lots will be used for fu- ture development,

Union ins, $625, Star Ferries, $60. Dairy Farms, $26.

VOOPOOR SALES Demente, $18.40, # Dairy Farms, $25.90.

INDIA

Referring to the forthcoming negotiations for a new trade agreement with India, Lord Eirst fald that in view of the serious effects which any agreement with

Spot June

July/Bept. Oct./Dec. Market:-Firm.

30t up 11

39 up 1.

391 up 7

Trade and those who would be which were not affected by the directly responsible for negotiating present abnormal demand in this with the Indian 'representatives, | country and which were both able and he trusted that the result of and willing vastly to increase their the discussions would be a further exports if foreign countries are improvement in mutual trade be prepared to accept them. tween India and the United King- dom

In conclusion, Lord Hirst safd he believed that our country One feature of our trade-which would go from strength to strength caused him some perturbation was during the next two or three years. the increasing, balance against us. He saw during the last few months He suggested that it was the duty a dednite lessening of tension, a of the Government to impress growing realization that the world upon oversca countries that, if was inter-dependent. Very large- they wished us to be in a posilonly due to our own recovery, we had to continue purchasing on the inoculated the germ of prosperity scale on which we were doing it into other nations. It was our was essentior that they should be earnest desire. that they should ready to absorb the products of share this prosperity, because the British industry. There was a problem which was facing us was large range of British Industries | a world problem.a