1937-09-07 — Page 12

12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Bagaiman

Exchange

Sharebrokers'

Association

SATURDAY,

Nomina

Bayark

Baliar,

SEPT. +

Saler

Banka

!!!!!!

$1,850 H.K. Banks

$1,870

£90

Do. (London)

4133 Chartered Banks,

299 2137

£33

EID

Mercantile Rks. "A

Do.

£33

215

al

Bank of East Asia...

$99

N, O. &8. Barks ....

$94...

Insurance

$300

Canton lusara vqp*..

$297

$810

Union lasureno...

$600

$2

Underwriters

19

1220

H.K. Firesi

$980

$3

International Asaço. 3..

shipping

Douglass

1481

$81

Steumbwits

151

Indo-Chinas (pref.)

343

Du. (def.)

103/9 Shells

*$9.30

Watertatta

19.30

Mining

16/3

$120

Kailans ....

Venezuela Bold Film{ $4.30

Docks. Wharve,

Godowns, etc.

H.K. JK. Wharree, Providents (uklj

Buildings

4

$81

$61 $40

1 3/9

HỒNG KONG DAILY PRESS,

TUESDAY, SEPTEMBER 7, 1937.

BRITAIN'S GOLD BRITISH TRADE

POSITION

Viscount Elibank's

Review

At the annual meeting of the Federation of Chambers of Com- merce of the British Empire re- cently, the Earl of Dudley was elected president for the ensuing three years

FIGURES UP BY £26,000,000

Highest Exports For

Seven Years

There was a further remarkable increase in British trade during July. The total volume exceeded that for the same month a year age by £26,000,000, according to

Viscount Eubank, retiring presi- dent. In the course of his speech from the chair, made the follow-the "Daily Telegraph." ing observations:

"Perhaps the most serious threat to the further smooth progress of recovery within the empire is the position of gold, on the export of which South Africa so largely de- pends to bay for her necessary im-

ports.

"While the nations were on the gold standard, the withdrawal of 15/-

and therefore credit, $11.45 currency,

from circulation, due to the scar- city of gold, caused a fall in prices which resulted in the great de- pression. Since the countries went off the gold standard, however, they have been paying a much higher price for gold per ounce than before. Whereas in

$119 32.20

SIGN

#31

Do. lex) cta.

$39.85 11.K. & W. Decks

Shangasi Docks 8. New Engineerings S. Lands, Hotels, and

(new)

160 ots.

$321

$108

$3

16.90

H.K. Hotels

$6.85

1341

H.K Lanta

135

1024

Do. 4% Debeatures

$102

Shanghai Landa...8.

Metropolitan Lands..

48.10

H.K. Halties.

$5,90

St

Chinn k

........

500

Do. Dovensureas,

19

Humphreys ....

Chine ETLLAS

Cotton Mill

the.

Exports reached the highest level for seven years, being nearly £7,500,000 above those of 4 year ago

more than

Imports rose by £16,700,000, and re-exports were £1,781,715 higher.

Compared with the June figures. the previous best since 1930. ex- port figures were up by £3,000,000, sub- but imports, following the stantial advance in the previous month, were down by £2,000,000.

The totals, were:

July, 1937 July, 1936

$ 47.569.834 40,085,922 Exports

6,803,436

5.041.721 Ré-exports Imports...... 85.505,039 68,735,352

The July expansion follows steady advance earlier in the year. the extent of which is shown by the following comparison:.

Imports

"

£

1937

£

B

Increase on. 1936

HELIUM GOING TO WASTE

Huge Supply In

Alberta

CONSERVATION ESSENTIAL

Waste of опе of the richest natural resources goes on engles- sly in the petroleum elds of Southern Alberta, where close to 300,000,000 cubic feet of natural

containing gas,

approximately 1,000,000 cubic feet of helium, goes up in smoke from the great fares beside the oll wells in Turner Valley.

Apart from comparatively small amounts sold to small Alberta towns for heating and other pur- poses, the waste gas in Alberta

has no market, and so it is" burned into the air near the oll wells.

BANKS

HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA

- BANKING CORPORATION

AUSTRALIA AND CHINA Inc.parated by Royal Charter 1853

Authorised Capital

$50,000,000

Issued & Fully Paid-Up $90,000,000

HEAD OFFICE: LONDON:

Reserve Funds:-

Sterling

£ 6,800,000

Hong Kong Currency

38, Bishopsgate 5.0.2.

Reserve .................................$10,000,000 Paid-up Capital.. Reserve Liability of

Proprietors

Reserve Fund |20,000,000 | Reserve Liability of Pro-

prietors...

Head Office:-HONG KONG

Board of Directors. G. Miskin, Esq.,

Hon. Mr. M. T. Johnson,

Chairman.

Deputy Chairman.

J. K. Housfield, Esq., A. H. Compton, Esq., S. H. Dodwell, Esq.,

J. R. Masson, Esq.,

K. S. Morrison, Esq...

Hon. Mr. J. J. Patamon,

T. E. Pearce, Esq.,

A. L. Shields, Esq.,

Sir Vandelaur M. Grayburn,

Chief Manager.

Branches:-- Iloilo Peiping

Ipob

Bombay

Johore Kobe

Calcutta Canton Chatoo

Kowloon

Kuala

Penang Rangoon Saigon

San Fran.

eisoo

It has been proved that there is one third of one per cent. bellum in the natural gas of Amoy Alberta and it has been separated Bangkok for experimental purposes with Batavia success. During the War the Im- perial authorities carried on ex- periments to And what hellum

Lumpur Shanghai content there was in the Alberta Colombo London Singapore natural gas and just when it was | Dairen Lyons Sourabaya.

Malacos Sungai about to be produced in commercial Foochow

Patani quantitles the War ended and Haiphong Manila

Tientsin nothing has been "done" about it Hamburg

Hankow (Johore) Tokyo since.

Harbin Mukden Tsingtao Hongkow New York Yokohama

..

Muar £

568,338,366 97,293,979 'Exports

293,899,876 50.833,474 Re-exports... 47,345,849 9,903,694 The activity of British manu-

years before 1931 England paid Just under 85-/- an ounce, it is now paying about 140/- and as the price of commodities is stil below the level of 1029, an ounce of gold is now. convertible in- to far more goods than it was.

INCREASED PRODUCTION "Under the stimulation of a higher price for gold, production has been increased from P800,000.- facturers again accounted for the 000 in 1929 to P2,500,000,000 in bulk of the rise in exports in July, 1936, so that whereas at the begin of tht 20 categories "into which ning of the period the world manufactured goods are divided. suffered disaster through a short-only one, showed a decrease com- age of gold. it would, if we had pared with a year ago, and this still been on gold, have suffered was of minor importance.

further disaster

籍 through

Increases of super-abundance. "Severe defiafactured exports In July. Cow- tion at the beginning of the pared with a year ago, were: decade would have been followed

Total Increase

ㄓ

$13.80 EwoS

$14

$100

S'ha Cottonfuld,S.

$90

Do.

news.

*34

Zoong Sink S.,

$34

480

Wing Un Textiles (3.)

$4.9

Ewo Cotton Rt. S.

Pabila Hos

$14.60 Tramways ************

$14

32+

Pook Trims (old) .....] 10.

Do.

(now)... $2

188

Star Ferrios *********

$27

Yaunati Ferries

in the middle" by an equally dis- astrous inflation."

$13,70

Do.

(new)...

100

$18

HK. Electric# ....... Macao do.

$149

ין

$13.00 China Lights (old)...

Sandakan Light-

129.80 Telephones (old) ... $11,60 Do. (Wy

$12

24/

a/-

China Basus. Tractio

Do.

(prist.)....

Industrials

$10 Caldbeck, and 8.

$17 Muogregors (pref.)8.

Canton Ices

Ropee..

Miscellaneous

Dairy Farma

Constructions, (old) $1.60

Do.

$85 €27 113) "This danger has hitherto been 13.30 averted by this country and the !359

United States borrowing the money at faterest for the Ex- $28.40 change Equalization Funds, and #.1.30 with these funds buying the gold to keep it out of their Central 54/-

Banks. Had they followed the orthodox gold standard method of printing new paper notes with which to buy the gold this would assuredly have resulted in a steep and most dangerous rise in prices.

115 $5.20

*

$15.10

Cements

16.08

1201

1267

6.40

Ch. Etainments...

31.80

$1.60 $1.00

Call paid

[AOW 50 ct.

18.09

Lane Crawfords.......

Nanyang Tobacco....

12.60

Fincares...

39,80 $3.80 $21

$0.40

Watsons

36.35

S. C. Enterprises

$1

97%

(CLG.5% 1925G.$Bdx.

10%

prom. 81%

142

prem.

Do.

21%

tu

Wallace Harper .....

$101

$50

HLK Wing Oo

185

S'hai Do

$100

$4.30

140 ola

6/0

H.K. Govt. 4% Loss $100

Vibro Piling

23/9 Marxmans Inv. (Lon.)

Win. Powolla

(EK)

*Sale* to Shenghai

EXCHANGE RATES

(British Wireless Service)

LONDON

Paris

Geneva

Berlin

Athers

Milan

Copenhagen

Stockholm

21.631 12.36

Aug. 31.

132-63/64

Sept. 132-55/64

21.60 12.35!

94-7/10

94-5/16

Shanghai

1/21

New York

4.965

·'4.961

Amsterdam

• 9.004

8.991

Vienna

Prague

1421

1421

Madrid

Lisbon

110-3/16

Hong Kong

Bombay

4.961

Brussels

29.434

4.961 29.48

Yokohama

1/2-1/64.

Belgrade

216

Monte Video

Rio

Bucharest

Silver (Forward)

Montreal

Bliver (Spot)

War Loan

DA LONDON: 2

191

197

191

191

34% 100-7/16

34% 100-5/10

Closing Quotations

September 4, 1837.

Telegraphic Transfer...

Baak Bills, on demand }1/27

Credits, four months'

right

Or Sgangmat:--

On Demand-

SHORT-SIGHTED VIEW

"While, or a short-sighted view. it might be argued that this nation can i afford, with its other heavy commitments, to increase the taxpayer's burden in order to buy gold, it is clearly far better for the nation to pay interest on borrow- ed money with which to buy gold than to follow the orthodox gold standard principle of buying it which with newly printed notes would be far in excess of the

The chict

man-

£

t

ADMIRALTY EXPERIMENTS > Production was proved feasible in 1917 by the experiments of Professor E. F. Burton, of Toronto University, who is still at that institution, and by the late Sir John McLennan, for the British Admiralty, and helluin produced in Toronto in 1917 and 1918 is still being used in the Toronto University laboratories in low temperature work.

Current Accounts opened in received for one year or shorter Local Currency and Fixed Deposits 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 May, 1937.

HONG KONG SAVINGS 'BANK

The possible supply of this gas

THE Business of the above from Alberta sources might encouBank is conducted by the Iron and stee: 4,468,683 1.086.902 rage the British Government. It BONG KONG & SHANGHAI is stated, to proceed with plans BANKING CORPORATION, Rules Vehicles

for airship development which may be obtained on application, were dropped in 1830 following the

For the HONG KONG & Shanghai

BANKING CORPORATION. tragic crash of the R 101.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 1st March, 1937.

BANK OF EAST ASIA, LIMITED.

3.910.836 1,061,938 Cotton.

6.447,589 726,386 Non - ferrous

metals

1,447,864 391.478 The increase in iron and steel was fairly evenly divided between all the Empire and foreign mar- kets. The rise under the heading or "vehicles is mainly accounted for by renewed activity in ship- bullding and aircraft manufacture, and by heavier sales of motor- car chassis and parts;"

COAL FOR ITALY Another satisfactory feature was big rise in coal shipments, the which were £1,062,109 higher, át £3,925,655: Exports to Italy were valued at £312,900, compared with nil in July, 1936, when Sanctions

were in force.

The £1,761.715 increase in re- the 1936 figure-was exports on almost entirely due to large pur- chases of copper by Soviet Russia and to a much lesser degree, by the United States.

needs of industry. The loss, too.

Once again--the big rise in im- 13 relatively small compared with tne loss of trade which would porty represented mainly bigger follow if the South African gold-purchases of raw materials to meet

the growing mining industry were upset;

"It has been suggested that a me- facturers. thod of meeting the situation would

needs of

manu-

A further increase of £4.150,873

natural

on

About 1,400,000 dollars (£230,- 000) Is the value of the bellum wasted with, each million cuble feet of gas. The helium content the North gas of

continent is said by American scientists to decline from about 3 cent. in Texas to 0.3 per cent, in Southern Alberta, and 0.1 per cent. around Edmonton.

..

....... £3.000.000 £3.000.000

................ £3.100.000

MANCHESTER BRANCH: 71. Mosley Street, Manchester.

AGENCIES AND BRANCHES: ALOR STAR Itatto

BAIGON AMEITSAR IPOR

GEMARANG KARACHI BANGKOK

SEREMBAN

BATAVIA BOMBAY CALCUTTA

KLANG KQU

SHANGHAI

SINGAPORE

KUALA

SITIAWAN

CANTON

LUMPUR

EQUBAMATA

CAWNPURE

kau

ENCHING

TAIPING

MADHAR

TEETHIN

COLOMBO

MANILA

TONGKAR

DELHI

MEDAN

HAIPHONG

NEW YORK

TSINGTAO

HAMBURO

PRIPINO

HANICW

BAKEIN

(Bhuket)

TOEDHAMA

(Peking) HOANGA

FENANG

HONG KONG BAROON

FOREIGN EXCHANGE and Genera) Banking Business transacted.

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

•

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

B. W. BOBERTS,

Manager.

THE CHASE BANK

18, QUEEN'S ROAD CENTRAL

HEAD OFFICE.

18, PINE STELET,

NEW YORK.

An American Bank offering com plete Foreign Banking Servica 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 Youk, with Resources over U.. $2,500,000,000.

D. M. BIGGAR,

Manager.

Authorised Capital ...$10,000,000.00 Paid-up Capital 5,528,600.00 THE YOKOHAMA SPECIE BANK Reserve and Undivided UNIQUE "ADVANTAGES

Prote

2,776,726.76 Even if other gas fields farther. north should be exploited in

HEAD OFFICE:-HONG Koro future, it is not likely these will No. 10, Des Voeux Road, Central.

contain hellum la sufficient quan- tity to pay for separation, con- sidering Its vanishing quantity northward.

While this wastage of this unique Product goes on it should be re- membered that the process for the separation of hellum from natural gus has already been perfected in. Canada in connection with this very gas in the Turner Valley by the Imperial Government. The final estimates of the cost of the process is about a shilling per cubic foot of helium.

Board of Directors:-

LIMITED

Capital (fully paid up)

Yen 100,000,000 00 Yen 132,850,000.00 Reserve Fund

HEAD OFFICE:-YOKOHAMA

Sir Shouson Chow, Chairman Li Koon Chun, Esq. Li Lan sang, Esq,

BRANCHES AND AGENCIES AT: P.K. Kwok, Faq." WongChuson, haq Wong YunTong,raq. Kan Ying ro, sq. Alexandria Honolulu, Bangoon Chan Ching Shek.

rung Ping Wah, Bangkok Esinking Bio do

Karachi Feq Bataria

Janeirg Kobe San London Francised

Ex.

Kan Tung Fu, Eaq, Chief Manager. Li The Fong, Esq., Manager.

Branches and Agencies ;-~-

Kowloon Penang

BARgood

Baigo

Bau Fran

Caloutta Los Angeles Seattle

(Dainy) Nagasaki Singapora

Berlin Bombay

Canton

Manila Semarang

Dairen Moji

Shanghai

Bourabaya

Amor

Esteria

London

Bombay

Mandia

Bydney!

Fengtien Nagoya

Boerabays

Calcutta

Melbourne

Tadhaxu

(Mukden) New York Bydney

Castod

Magasaki

sco

Baiphong Steps could be taken to impound | sow Fionolul this hellum gas for future com-

New York Sasstle

Paris Pelplay

Tientsin Tokyo Borang Yancontrer Shangha Yokohama Vingapore

Hamburg Osaka . •».

Tientain

Kankow

Otart

Tokyo

Harbin

Paris

Tsingtao

Hong KongFeiping

Tinkow

counts

Deposita received for Fixed Feriods at rates to be obtained on

Y. KANO,

Manager.

has, since the Hindenburg disaster,"

be to get agreements between the in food, drink and tobacco imports showed that the nation's purchas- producing nations to restrict their production. The world has, howing power is still rising. ever, already háɖ experience of Part of the rise under the head-mercial uses. The United States the difficulty of working restrictioning Manufactured Goods was also schemes, especially when several due to the larger requirements of

the following nations are involved, and in this industry. as connection we have to remember indicate: that Russia has now apparently Non-ferrous metals emerged as one of the world's big-Wood and timber gest gold producers. There can be Machinery

rises £2,820,375 British supply fast going to waste 2,486,534 through lack of conservation and

822,389 foresight.

here in Alberta 13 A

574,843

'i!

581,992

no doubt that a wise solution of Iron and steel this problem is of the greatest im Oils, fats, resins... portance to the empire and to the The remarkable jump in wood world. The worst thing that could and

Imports benefited happen to-day would be a collapse mainly Canada.

of the Tripartite agreement under which a definite start for

stabilization

been made."

of currencies

the has

timber

1

TREASURY BONDS

Paris Sept. 6.

An official decree announces to-

SHANGHAI SUFFERER day the issue to-morrow of 1,000 franc 5 per cent five or ten year Concern over the situation in treasury bonds at 940 francs for 'Shanghai is felt by a young Scots- the conversion of the remaining man, still in his early thirties, £17,000,000 4 per cent who has recently become a leading China's figure in

commercial Reuter. world.

bonds.--

FOUNDER OF THE FIRM

1034

He is M. W. J. Keswick, of the famous trading firm of Jardine, family, made a fortune of the

firm. Mathieson and Company, whose On New York:—"

Bank Bills, on demand 2011/16 buildings suffered damage in the Credits, 60 days' right. 31 3/16 | bombardment. Mr. Keswick 18 On Batavia?-

head of the firm in China, but is at present in London on leave,

He is tall and athletic, and was educated at Winchester His brother, also in the firm, was at Eton. -

OBL

Bank Bills, on demand 822 Credits, 4 month's night"570"

On demand

1/3

ON PARIS:-

103

-On-Ra190#-1—

O SINGAPOR

Oh demand

On demand

521

ON MANILA:-

On JAPAN

On demand

O BANGKOK :*

Tegraphie Transter... Hánk on demand-

BIZ

fla demande 814

1494

On demand BOVEXIGNE Back Buying

* Rabs ipsisemia,1/21/16 Bar Búver, pre da, za 19 13/16

A history of Jardine, Mathieson and Company is being written by Mr. Gerald Yorks The legend of its origin is a romantic example or Scots wit and persistence.

The original founder went out to China before the days of the Their father was the late Mr. big arms, with a small ahare in a Henry Keswick, former owner of cargo ship. It is said that by the the Duke of Westminster's yacht; me he arrived he owned the en- the Cutty Sark. Mr. Keswick, tirp cargo. The other partners with the late Bir Robert Buchan-had gambled away their shares to an-Jardine and others of his him in the course of the voyage.

اد

Every description of Banking

Interest allowed on Current As

removed the ban on export of and Exchange business transacted, granted od approved helium to foreign countries, but Loans

valuable securities.

Current Accounta opened in application. Local Currency and Fixed De- posits received for one year or shorter periods in Local and Hong Kong, 10th March, 1937. Foreign Currencies on tarms which will be quoted on application. Safe Deposit Boxes To Let

KAN TONG FO.

Chief Manager.

ELECTRIC MEN

Radios Operate At Their

Touch

Extraordinardinary powers have been shown by two workmen of.

Ostrau, Maravia. They seem to be walking electric currents.

$

- 4

MINE FACTORS Development Work Progressing

Development work is fast pro-

WORLD'S

STRONGEST ELECTRIC ENGINE

The world's most powerful elec- tric railway engine, intended to draw trains down to the Riviera as far as Mentone, has just deen | delivered to the PLM. · railway. -" It is to undergo tests in the near future...

will draw a 450-ton train from

Their bodies, apparently, are gressing on the property of the The engine develops 4,400 h.p. It supercharged with electricity, The Mine Factors, Ins., Larena, Si-Paris to Mentone, a distance of moment their fingers come into quijor island; Oriental Negros. An contact with the switches of wire-initial shipment of 300 tons of nearly 700 miles in 10 hours.

This time will not include 11" less receiving sets, the loud speak-manganese WAS aboarded the

stops on the way." er begins to operate.

steamer Legaspi, contracted to a

At first it was generally believed German firm, according to L. J. that the men were impostors, or Harvey, prealdent of the corpor-

from the mines leading to the at least practical Jokers, but ex- ation. periments that have been made from 20 claims, has been blocked general office, assay office, and a About 35,000 tons of manganese, provincial road, a staff hotse, prove that they are genuine.

The phenomenon was brought out, a sample from which assays managers office, very near the at Larena. Construction to light by the Radio Club of 58 per cent, and 18 said to be wharf Ostrau, who called in a represen-worth P21.48 per ton F. O. B. of a pier in Larena bay is being tative from the Prague Technical Manila, according to Mr. Har hastened to facilitate transporta School to investigate the affair. Yes. It is estimated that the com- tion activities of the company it The men, Audolf Vitavsky, aged pany will have a monthly profit was declared.

of P43,000 he stated. 35, and Franz Zykora, 21, are employed at a local tron foundry. They are to be invited to Prague for, further investigation of their apparent power.

There are 200 labourers at pre- IMPROVEMENTS MADE sent employed in the mines, E. L Improvements made on the prop-Little is the mine manager and erty include the completion of a Mr. Butohy is the consulting en- two and one-half-kilometer roadgineer.