1937-05-18 — Page 12

12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Sharebrokers Association.

Bofite

Jalla

Wow

SATURDAY.

MAY.

Sayers

Bellar

15.

HONG KONG DAILY PRESS, TUESDAY, MAY 18, 1937.

HIGHER RATES

OF CAR INSURANCE

SIR E. MOUNTAIN'S

HINT

LONDON EXCHANGE RATES

Paris

Berlin...

Athens

Mijan

May 8 109-59/81

21.58 12,271

(British Wireless Service)

May 13 110 21.68

12.39

93-13/16

93-15/16

Copenhagen

Sir Edward Mountain, Chairman

British

the Eagle, Star and Dominions Insurce Company, Ltd.. hinted recently at the likelihood of an increase in motor-car in- surance premiums, unless business should take a turn for the better. His remark followed a review of his Company's «figures, showing a small loss of £5,683, although the. Company received £1,633.231 in He mentioned that premiums.

An

the total number of motor vehicles $9,4) registered in the year to Sep- 391

tember, 1936, showed

in- crease of 7.32 per cent., and the 21/- $12.00 number of private motor-cars in- cluded in the total had risen by 11.2 per cent.: yet the number of injuries, fatal and non-fatal, Increased by only 1.57 per cent. compared with 1935.

$8

$101

33

The number of accidents in pro- portion to the number of vehicles thus showed a decrease, but the cost per accident had risen to a 'degree which far more than offset this.

knows "Everyone

that the motorist must be insured." said Sir Edward, "and the amounts claimed by injured persons have increased alarmingly since the introduction of the Act."

Authorised Capital

Reserve Funds:-

Starling

....£ 6,300,000.

Hong Kong Currency.

Reserve

£10,000,000

Stockholm

Shanghial

4.934

New York

8.991

4.941 8.987

Amsterdam Vienna

141-13/16-

Proprietors.....

.$20,000,000!

I

BANKS

HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA

BANKING CORPORATION

$50,000,000

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

AUSTRALIA AND CHINA Incorporated by Royal Charter. 1857

HEAD OFFICE: LONDON.

........................* £3.000.000

Paid-up Capital.. 'Ansarve Fund.

Reserve Llablišty of Pro- priators

***** £3,000,000

£3.000.000

Agencies and Branches:-

Reserve Liability of

Head Office:-HONG KONG

Board of Directors.. G. Miskin, Esq.,

Chairman.soMBAY

Hou, Mr. M. T. Johnson,

KLANG KORE SALCUTTA KUALA

Deputy Chairman, | CANTON

BALOON

ALOR STAR ILOILO

AMBITSAR IPOH

BEMARANG

DANGIOI КАПАСНІ BATAVIA

BEREMBAN

#HANGHAI

SINGAPOR

SITIAWAN

LUMPUR

BOURABAYA

20.221 4.92-7/16

J. K. Bousfield, Esq.,

29.321 4.93-1/18

A. H. Compton, Esq..

8. H. Dodwell, Esq.,

J. R. Masson, Esq.,

САЖИРОДЕ

KUCHING

TAIPING

A0

COLOMBO

"MADEAS

MANILA

TIENTSIN

TONGKAR

DELHI HALPHONG HAMBUB

MEDAN

NEW YOLX

PLIPING

Prague

Madrid

Lisbon .....

Hong Kong

Bombay

Montreal

Brussels

Yokohama

Belgrade

Monte Video

Rio

Bucharest

Silver (Spot) War Loan

Bilver (Forward)

Closing Quotations

201 .201

3% 102-3/16

Amoy

Bangkok

May 15, 1937.

ON NEW YOEX:-

'On LONDON:

Telegraphic Transfer... 11/8 Bank Bills, on demand Credits. four months'

aight

Bank Billa, on demand-30h Credita, 60 days' sight. 301

Bombay

Kobe

Calcutta

Kowloon

37/32

ON BATAVIA:-

Canton

Kuala

On demand

$5 5/16

Chefoo

1/2 1/33

ON PARIS:-

Colombo

Bank Bills, on demand 678.

Dairen

ON. SHANGHAI !---

Credits, 4 month's sight 707

Foochow

On Demand

109

Ok S100:-

Haiphong Manila

ON SINGAPORE: ---

On demand

078

Hamburg Muar Tientsin

On demand

329

ON MANILA:-

On JAPAN :-~~

On demand

Oo demand

60%

100

UN BANGKOK--

Hankow (Johore) Tokyo Harbin Mukden Tsingtao Hongkaw

On demand

1491.

ON INDIA:

SOVEREIGNS Bank... Buying

Telegraphic Transfer... 1811

Bate

BAR SILVER, per c

1/3 20 7/16

Bank, on demand..........

$1.580

H.K. Banks

£119

2151

Chartered Banks

£33

£151

Do.

$83

Banks.

Ho. (London) ...

Marcantile Bks. "A"

Bank of East Asia...| 193

£118

215+ 233

01

N. O. & S. Bazka ...

1+

"Insurances.

$337)

Canton Insurance..

d

1820

Union Insurances ***

1316 3630

$1.05

Underwriters

31,50

1280

HE. Fires...

$280

"International Assos. 3.

7!!

Shipping

#361

Douglases e

SU

Scar but

$35

Indos (pref.)

$50

Do. (def.)

99/4

Shella

$9.45

Waterbout

Mining

!⠀

21/3

$190

$21

60 ote.

12.30

Kailans

$12.90 Raubs..............................

# Venezuela Gold Fids.)

Docks, Wharves,

Godowns, etc.

H.K. & K. Wharves,

Providents (okt) ... $2.25

Do

131

$3 H.K. & W. Docks $169 Shangasi Docks 8.

Now EngineeringsS. $3

!!!

!!!!! T

$381

$9

$35

$5

#110

(new) 60 ats.

Lands, Hotels, xod

Bul.dings

$7.35

H.K. Hobola *********

87.30

H.K Lands.......... $36

$105

Do. 47% Dubentures

$101

$15

Shanghai Lands....

81

Metropolitan Lands...

$5.90

H.K. Kealties.

F18

વ

China Du

160

Do. Debentureas.

Humphreys

$0.30

580

Chinese Kita:88, 201

Cotton Mili

$10.0 Ewos

$18.80

$117 $9%

Do.

(news.

392

$31

181

Wing On Textiles S.)

Zoong Sings.

$30

$64

$15

1601

318

$121

$291

15.20

S'hai Cottons(old;S.

Publis Utiliilos

Tramways...............

Peak Traun (oldi).....) 244

Star Ferries $84

Yarimati Fercios »]

Da

(w)...) $1

188

$26

China Lights (old)... $14.25 $14 40

$14

Do.

(now)...)

914

Macao do.

235

$12,50

(DOW)...

$1270

China Buses... 8

8.

27/6

Tractions

28/0

27/

Do. (pref.)

!:

$251 $26

45 pts

$2.00

+

H.K. Electric ******

1607

Sandakan Lights... Telophones (old)...|

Do

Industriale

116 Callbock, hard) 8.

317 Macgregora (pref.)b.

Canton Ice

Cements Hopes.

Miscellaneous

32

$15.40

6.30

Dairy Farma

**4

$15.40

1201

Ch. k'tainmenta....... Constructions, (old) sit

Do.

སྶ

$0.2)

14.70 $1.80

$8.00 Lane Crawforda...

145 ota

Nanyang Tobacco.........

$7.

Sinceres....... $9,80

$5.56

Watsons..

8.0. Enterprises

867

Ch.0.6219250. Bdz

96%

31%

HE. Gort. 4% Loans $1081

Do,

$1013

Wallace Harper

160

HK Wing OD.....

&'ba

"Do

$85 .5100

1470

*

prow pr.

સ

Vibro Piling $4.70

20/9 Marimang Inv. (Lon.)

e/-

40 ots. Wm. Howells

(HK)

•Sales to Shanghai

PHILIPPINE MINING

NEWS

During March 18,880 tons of ore were milled with a press produc. -- tion of P269,610.37. The recovered value was P14.44 per ton and the percentage of extraction for the month was 88.97 percent. Produc- tion was upped P32,000 from the previous month's pour."

The 20 by 10 foot steel solution tank was completed and is now in use, as in the 500 Lèvel sub-station

the and

90-foot sedimentation

unit.

V

Total development during March SHIPOWNER ON PORT

was 3,220 feet, of which 1,126 feet were advanced in operating de- velopment and 2,100 feet in-capital development.

Development results of the Gesare ver system were en- couraging.

The 875 drain tunnel was advan ced 128 feet, making it 1,036 feet in from the portal an' March 31.

More rapid advance is expected from now on because the ground is harder and will require less

timbering.

OF LONDON DUES,

"Almost Daily Increase"

A CITY "MILKED" Extensions To Empire

OF £1,000,000 .

Ex-Lord Mayor On Price Rings

Broadcasting Station

Although exprimental trans by Messra. Standard Telephones

E. S. Morrison, Esq.,.

Hon. Mr: J. J. Paterson,

T. E. Pearce, Esq.,

A. L. Shields, Esq.,

Sir V. M. Graybure,

'i

Chief Manage

Branches:-- Iloilo Paiping Ipob

Penang Batavia Johore Rangoon

Saigon

San Fran-

cisco

Lumpur Shanghai

London

Singapore Lyons Squrabaya Malacca Sungai

Patani

New York. Yokohama

› HANKOW

KAREIN..

(Bhuket) THINGTAO

ТОКОЦАМА

(Paking) BOANGA

PINANG

HONG KONG BANGCON

*FOREIGN Exchange and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods at rater which will be quoted on applica tion.

The Bank's Head Office in Lon don undertakes Executor & Trustes business, and claims recovery of British Income Tax overpaid, or terms which may be sucertained si any of the Agencies" and Branches.

RW. ROBERTS,."

Manager.

Current Accounts opened in Local Currency and Fixed Deposits received 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, 19th May, 1937.

HONG KONG SAVINGS BANK

missions had been made previous and Cables, Limited. and one by T. Bank is conducted by the

ly, Empire broadcasting may be Messrs. Marcont's Wireless Tele- said to have commenced in De- graph Company, Limited, are now

when Birmingham City Council re-cember, 1932,

a regular practically completed, and at least cently declared war, on non-com- | service was started from Daventry two of them are expected to be petitive price rings. They passed by the British Broadcasting Cox-in service for the forthcoming à resolution that the Committees | poration. Two transmitters, made. Coronation broadcasts. The two of the Council should be allowed by Messrs. Standard Telephones existing transmitters, each with a to purchase foreign goods so as to and Cables, Limited, and capable nominal rated capacity of 10 kW. combat rings, combinations and of operating on wavelengths from will still be employed, as well trusta

14 m., to 50 m., were used for the as the original Chelmsford trans- service, in conjunction with direc-mitter, G5SW, which has been tion aerials which covered

to the reconstructed operate on a Empire in Ave separate zones. power of 25 kW. The aggregate The reception obtained throughout power of the six transmitters at the Empire has been generally Daventry will therefore amount to satisfactory, although recently, we 196 kW. understand, it has suffered to some extent in comparison with the transmissions of certain Con- tinental stations using very much To remedy this, greater power. we have been informed by Sir Noel Ashbridge, chief engineer of the

Sir Percival Bower, Chairman of the Electric Supply Committee, and an ex-Lord Mayor, supporting the resolution, declared that the days of free competitive tendering had gone. The City had been milked of over £1,000,000 in one direction or another..

"On one occasion the Council spent over £300 on advertising for tenders In the Press. and when tenders came in they were found to be exactly alike. We now have to advertise for tenders knowing full well that when we get them they will all be alike," he said. "I am going to fight that sort of thing with any weapon I can get If I have to deal with unscrupulous people."

British Broadcasting Cor- poration, it has been decided to install three new transmitters at Daventry, each of 50-kw capacity, and to employ them in confuric- tion with improved aerial systems which will give a narrower beam and thus а greatly increased

He quoted an example in respect of the Electric Supply Department, signal strength in all parts of the When the Council had announced Empire.

that they were to invite tenders The three new transmitters, for some work, every single tender two of which are being supplied which arrived from electric firms

had been 25 per cent. on the prices quoted for plant obtained only siK months before.

The firms had been informed, in effect, that unless a charige was made foreign goods would be bought. Fresh tenders were invit- ed, and when they arrived it was found that they were all 25 per cent. down.

ITALIAN ECONOMIC

POLICY

Rome, May 16.

HE Business of the above HONG KONG & SHANGHAI BANKING CORPORATION. Rules may be obtained on application,

For the Hong KoNG & SHANGHAI

Banking CoRPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, lat March, 1937.

...

THE CHASE BANK

QUEEN'S ROAD CENTRAL

HEAD OFFICE:

18, PINE STREET,

NEW YORK

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

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASE NATIONAL BANK, Naw YORK, with Resources over U.8. $2,027,000,000.00

D. M. BIGGAE,

Managers

THE YOKOHAMA SPIČIE BANK

LIMITED

Capital (fully paid up)

Yen 100,000,000 00. Reserve Fund, Yen 139,650,000:00

BANK OF EAST ASIA, LIMITED.

Authorised Capital ...$10,000,000.00 HEAD OFFICE:—YOKOHAMA Paid-up Capital ........

5,598,800,00 Reserve and Undivided

BRANCHES AND AGENCIES ́AT: Profita

2,176,798:78 | Alexandria Honolulu Rangoon Bangkok Krinking

In all, we understand 29 aerial arrays, capable of transmitting on 15 wavelengths and in 12 different directions, will be employed and HEAD OFFICE:-Hong Kong these involve the use of some 6 No. 10, Des Voeux Road, Central.

df feeders.

ralles

Most of

the

In

.

Y.

aerials are provided with reflectors Board of Directors:-

Bir Shouson Chow, Chairman which not only serve to concen- trate the beam, but also avoid Li Koon Chun, Esq. Li Lan ang, Esq. the echo

would P. K. Kwok, sq. WongChaSon, Esq. effect which

Wong Yan Tong, sq. Kan Ying Fu, Esq. otherwise arise from the signals Chan Ching Shek.

Fung Ping Wah, round the travelling

earth

Esq... opposite directions. An interest- ing feature of the aerial system Kan Tong Po, Esq., Chief Manager.

Li Toe Fong, Esq., Manager. 19 special form of aerial ex- change which enables any of the transmitters to be connected to any of the arrays.

Duce To Control Shipbuilding

ALL BIG COMPANIES NATIONALISED

All Italian shipyard firms with a capital of £1,000,000 or more are declared nationalised by a decree law published recently in Rome. This is a development of the 'na tionalisation principles announced by the Duce in March, 1936.

A minimum of 50 per cent. of their capital is to be taken over

In a speech to the annual con- by the Institution for Industrial Mr. W. J. McAlister, the chat-ference of Corporations here on Reconstruction, which will hold it an-until December, 1942. This in- Baturday Bignor Mussolini man, at the annual meeting of nounced that Italy would be supstitution was founded in 1933 for the General Steam Navigation

long-term financing and to take Co., in London complained of the plying her own petrol in 1938.

over assets and liabilities as well as conditions imposed on shipowners

Two-thirds of Italy's" coal reto quidate Insolvent industries or those which Signor Mussolini con-

siders to be unnecessary.

・ ・ SHAREHOLDERS" OPTION.

Present shareholders will be paid off on the basis of average market prices between October, 1936 and 1937. They will have the option of converting not more than 50 per cent of their old stock 'Inte shares of the new State-controlled company...

The decree law published re-

cently names the following com- panies as naving passed under State control.

Ansaldo, headquarters at Genoa capital about $1,500,000;

ARTOT

Bombay

Onicotin

Canlyn Iphon

Hantow

Banciula

Xque

Branches and Agenciei :~~

Manlia

Batavia Karachi

Berlin

Bombay Dalcutta Canton

Kobe London

Rio do

Janeiro Sap

Francisco

Semarang

Los Angeles Seattle Manila

Dairen Moji Shanghai

(Dalny) Nagasaki Singapore

Nagoya Fengtien

• Scerabaya (Mulden) New York Sydney

Eag

Hamburg Osaka

Tientsin

Hankow Otam Tokyo

Harbin Paris

Tsingtao

Yinkow

Kowloon

Panang Bourbaya London Baugton Swatow Balgon Bydney Melbourne. K Pr Talhoku siroq lantain New York denstia Zakre

Semarang Yancouver Paris Shanghai Tokoham Peiping Singapore

Every description of Banking and Exchange business transacted. Loans granted on approved securities.

Current Accounta opened in Local Currency and Fixed De posita received for one year or shorter periods in Local Foreign Currencies on terms which

Bafe Deposit Boxes To Let.

KAN TONG PO,

Chief Manager.

and

ALBERTA GIVES UP. ITS SCRIP Alberta's Social Credit experi- ment in the issue and use of stamped scrip, known as "pro- |sperity: certificates,”. ja being

abandoned.

Odero-Terni-Orlando, shipbuild-

The Provincial Treasurer stated ing and armaments firm, of Genos,

that there were approximately 13, paid-up capital alightly over £1,000 dollars worth (€2,400) out- 333,000;

These he standing.

expected United Shipyards of the Adriatių,

Hong KongPeiping

Interest allowed on Current As

Fixed Deposite received for Perioda at rates to be obtained on application,

Y. KANO,

Manager.

Hong Kong, 10th March, 1937.

NOTICE TO MARINERS

Tungchow Crossing

Notice is hereby given that on or about June 2, 1937, and without further notice, Tungchow Crossing Light-buoy (Aga lighted) will be replaced by a gas-lighted. bugy showing an occulting white Eight every & seconds, thus: ¿

Light

4. seconds Eclipse

* 4 seconds All other characteristics of this

buoy will remain unchanged,

Chart affected: Chinese Ad- miralty Chart No. 143.

in the loading and discharging of quirements, he said, would be pro- vessels using the Port of London.vided by her own mines.

""The cost," he asserted, "is Production of iron ore was in- three times what it was in 1913. creasing steadily and the industry and is a much higher figure than should endeavour to free itself and new boards nominated by de-i of Trieste; capital about £1,000,000. I would be redeemed within the next ]...... ·

at any other port to which we from the necessity of imports of

scrap iron.

The increased tonnage reduced the milling cost and it is expected trade. that there will be a further lower- ing of milling costs' when the en- largement programme has been ting completed.

་

"The position seems to be get-

The Duce forecast an increase worse. It is a matter of in Italian exports of, aluminium urgency that in London x system Transocean News Service, Work on the mill drainage sys- for working cargo should be devised tem and conditioning of milj door-which would be more suitaule for ing in progressing satisfactorily the short sea trades, where vessels

Excavation for the foundation of Diesel electric unit No: 4 was com- ploted and the pouring of the con- crete foundations was started.

Present boards of directors of shipbuilding firms will be dissolved,

HUNAN-KWANGSI RAILWAY

Nanking. It is learnt that the. route for the projected Hunan- few weeks. cree, while shares will be deposited The Italian Government not only

The "prosperity certificates" plan Kwangsi Railway' has now been In the Bank of Italy. So long as gains considerably from a political the institution controls the shares point of view, but also economi was introduced in September, 1938, fixed. Starting from Hengyang, as an alternative currency to speed southern Hunan, the line will pass and Linling, the other shareholders may elect cally by being able to control then the circulation of money. Half through Chiyang only two members of the Board to output of shipbuilding. The pro- a million dollars worth of cert-south-western Bunan, and Hing- act as observers, key fita of these big firms have in fentes were printed, but only 283-an, north-eastern Kwangsi, and

Provisional boards will be elected creased considerably within the

terminate at Kwailio, provincial by the institution and by the Clov-past year:

capital of Kwanget,

arrive and sall every hour of the fees for Board of Trade inspec-ernment to hold office until such day and are dependent on tides. tions. Almost every day we get time as the old shipbuilding com- "Even this morning, we got notice of some fresh increase in pantes have been reconstructed on notice of increased light ́dues, and our dispersals."

the new lines

The gain was due to a general rise in freight rates and also, to

000 were actually lesued.

Survey of the line is now in pro- gress and will be completed by

Kuo Min

world trade revival. The abare- up their shares will be consoled by September holders who are expected to give a 25 per cent. bonus.