1938-02-28 — Page 12

HEZ

£14

$2824

1815

*1515

$1.40

·3840

+1,45 $240

4+

$594

$11

561

142

.93/9

$0.30

!

12

DAILY SHARE QUOTATIONS Hong Kong Stock

'Bare Balleri

$1,800 OD

$!!!!!!

!!!!!!

miga mg

Exchange

lex.div.

£94

SATURDAY, FEB. 20.

Bank

H.K. Banks

Bo. (London)

Chartered Banks ...

ee

$1,500

£94 2131

Marcantile Bk "A"

£20

Do.

214

Bank of East Asia... 185)

N. O. & S. Bar'ka ...) Insuranceg

$2

YESTERDAY'S

OFFICIAL QUOTATIONSTM

Prices still show improvements generally and the tendency is up- wards. Banks have buyers at $1600 and Unions at $520; Hotels are wanted at 6.75 Realties at $5.70, Watsons at $61 and Light (Old) at S12.

New York/London Cross mile New York,Cotton-Mar. New York Rubber---Mar. Chicago Wheat--May. -May. Chicago Corn Winnipeg Wheat-May. Silver-Otioial

HONG KONG DAILY PRESS, MONDAY, FEBRUARY 28,

H. K. STOCK

Sharebrokers* Association

EXCHANGE

5allære Buyers

Ade Marilus,

1938.

NEW YORK STOCK EXCHANGE

(Through Kanter's Service)

QUOTATIONS

New York; Fobrasry 27-

Last High Low Close

5.01) 9.13 9.11 9.12 15.00 14.91 15.00

Today's Cloar

Change

3.09-3/10 1/4 of

9.11

01 of

Reserve Funds: --

14.95

.10 off

941

93

94

1/8 off

Sterling

...£6,000,000

45

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION

850,000,000 Issued. & Fully Paid-Up 820,000,000

Authorised Capital

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

HEAD OFFICE: LONDON: 38, Bishopsgate EC.2

591 · 191 182

DO

5/8 04

197

1282

1281

1/2 of

1937-

Canton Insurances..

Union Lauran006 ...

$280

3610

BUYERS

944 59.0.1 it

Utilities Bonds Commodity index 64.84

.unquoted

Close High

High Low Low Dow Jones Averages, 194.40 113.84 30 Industriais

131.81 130.99 131.56 8146 27.08 90 Rails 37.54 18.95 20 103.89 89.74 40

H.E. Currency Beserve $10,000,000 Reserve Liability of

Proprietors

Pald-up Capital...

£3.000.000

$20,000,000 | Reserve Fund

£3.000,900

Feb. 25.

131.68

Change .5%, of

30,40

30.66 30.29 30.99

21 off

50.90

20.28 0.13 20.18

91.70

Underwriters

$1.40

H.K. Fires.asser

4+1

1240

Shipping

Hong Kong Bank, $1600 c.d. Bank of East Asia, $85.

01.59 34.33 Business Done: -300,000 shares.

.02 ott 20 c 15 off

Board of Directors. T. E. Pearce, Esq.,

Douglasoa.

$501

Canton Insurance, $262).

STOCKS

Last Sale

STOCKS

Last Sale

Feb. 25.

26.

Feo, 25.

26,

Steinbats

$11

Indo-Chinas (prof.)

$31

Do.

(dot.)

343

Shella sek

93/11

Waterhouts

******** 1$9.30

Alloing

15/6

Kailans

10 ot.

$179 *$2.00 $3

90 c. $29.60

$130

$130 ₤2.871/05

13.

292/60

1331

16.60 $337

...

Hotel

K and

1000 17

$5.70

5.60 70

SHI

**

$171

$70

-$61

13

$11,90

1597

104

$281

39.70

:: :

***

J

$14.95 $15.10 15

37

398

Risube ...

Venozunk and Ful-.!

"Hongkong Mines

Docks, Wharton,

Godowns, ste.

H.K. & K. WarTOR.

Providents (ol ... $2.90

(new) 9) c. Do.

$29 H.K&W. Docks

Shangasi Docks S. New Engineerings S. 12

ands, Botals, and

$83+ $25.35

Bui dings

***

***--- $6.60

834

Do. 1% Dabentures Shanghal Laude.... Metropolitan Lands..

H.K. Kalbies........................ Humphreys ....... Chicas Estates.................

Cotton Mill

S'hat Cutts....... Zaming Sinks. WingOn Textiles(S.) Ewo Cotton Rta S.

Pablle Utilitlem

Tramways.....................$14,90 Poak Teams (ulei). 16

Do. (new)... $3

Stär Ferries

Yaumati Ferries

Chins Lights (old)... $11 83

Do. (now)...) $8

Do. Rui

H.K. Electric******

Macap do.

www.

Saudakan Light.... Telephones (old) ...

Do.

!!!!

13/6

$129

$3.00 287/90

90 c.

$85

13

*1/30

$6,80

$100

#8 20

$3)

Union Insurance, $515. China Underwriters, $1.40. H.K. Fire Insurance, $210. Union Waterboats, $9.30. H.K. & K. Wharves, $120. H.K. & W. Docks, $29.60. Providents (Old), $2.00.

H. & S. Hotel. $61.

H.K. Lands, $33).

H. K. Realties. $5.70. Chinese Estates, $86.

H.K. Tramways. $14.95. Peak Trams (Old), $81. China Lights (Old), $11.80. China Lights (New), $81. H.K. Electrics, $592.

· Macno. $19].

Telephones (Old), $261.

Telephones (New), $9.70.

Cements, $14.90.

HK. Ropes, $1.60.

Adams Express Alleghany Steel Co.

10

10

Humble Oli ...........

63

69

Hon. Mr. M. T. Johnson,

Head Office:--HONG KONG

Chairman.

Hon. Mr. J. J. Paterson,

Deputy Chairman, J. K. Bousfeld, Esq., A. H. Compton, Esq...

Hon. Mr. S. H. Dodwell,

MANCHESTER, BRANCH;

71. Mosley Street, Manchester.

AGENCIES AND BRANCHES: AL AR

AMRITSAR |HANGEOK.

BATAVIA BOMBAY

ILOILO

CALCUTTA KUALA

SAIGON

Reserva Liability of Pro-

priators...

£3.000.000

173

173

Int. Nickel

521

52

J. B. Masson, Esq.,

Allis Chalmers......... Amer. Can

45.

45.

lut. Tel. & Tel.......

81

G. Miskin, Esq.,

CANTON

CAWNPORE

901

.90

Int. Dept. Stores

11

101*

K. S. Morrison, Esq.,

Amer. Cynamid "B"

281

261

Kennecott Copper...

391 391

A. L. Shields, Esq..

Sir Vandeleur M. Grayburn,

Amer. & For. Power

4

31

Amer. & For. $7 pf.

25!

25

Lambert Corpn. ... Libbey-Owers- Ford

114 111

COLONNO

DELHI

Chief Manager. HAIPHONG

MADRAS

MANILA

'41 1920 ·

IPUE КАПАСНІ KLANG KOBE

SEMABANG

SEREMBANG

AMANIZAL

RINGAPOR

SITIAWAN

LUMPUR

SOURABAYA

KUCHING

TAIPING

TIRNTAIN

MEDIN"

NEW YORK

TSINGTAO

TONGRAU

(Bhuket)

!

Providents (New), $0.90.

HAMBURG

Amer. Locomotive ...

321

23

Glass

3531

351

Amer. Metals

34) 391*

Lockheed Aircraft

91

91.

Amoy

Amer. Radiator

14

137

Loew's Inc.

501 504

Bangkok

Amer, Rolling Mul...

201

201

Lorillard

181

162

Batavia"

Amer. Smelting

52

511

McKesson & Robbins

Bombay

Branches:- Ipoh Johore Rangoon Kobe Kowloon

HANKOW

Amer. Sugar" Rʻing ...

28 *

28 *

$3 f

35

344*

Calcutta

Kuala

Penang

Saigon Ban

Francisco

Amer. Tel. & Tel.

1391

139

Martin, Glen L...

181

187

Canton

Chefco

London

Amer. Tobacco "B"

661

567

Monsanto Chemical

91

Colombo

Lyons

Lumpur Shanghai

Singapore Sourabaya

Amer. Waterworks... Anaconda Copper

10

10.

Montgomery Ward...

361

Dairen Malacca Sungei

34A

331

Nat. Bond Invest-

Foochow Manila

..Patani

Atchison, T. & S. Fe»

384

381

ment

151

151 Haiphong Muar

Atlas Corp. ..........

72

71

Nat. Cash Register 171.

17 *

Hamburg

(Johore)

Auburn Motors ......

41*

41*

Nat. Dairy Products 15

142.

Hankow

Baltimore & Ohio ...

Nat. Distillers

101

101

221

221

Harbin

Dairy Farms, $26.

B'more & Ohio Pid.

12)

111

Nat. Power & Light

7

7

Hongke

Swntow Tientsin Mukden Tokyo New York Tsingtao

Yokohama Peiping

Iloilo,

Barber & Co.

$51

Watsons, $81.

181

18+

Nat. Supply Corpa.

221

217

Barnsdall of

18.20

Lane Crawfords, $81."

16

152

New York Central

iai

189

Bethlehem Steel .....

Ewo Cottons. Sh.s123.

59

597

Niagara Hudson P

Constructions. Sij.

Boeing Airplane Co. 30).

301

Corpn.............

BL

81

!!!!!

$131

$70

H.K. Govt. 4% Loan. $21pm. Wallace Harpers, $51.

Borden Co............

N. America Aviation

91

91

187

191

Borg-Warner

North America Co.

191

20.

253

251

$24

Briggs M'facturing..

231

231

Northern Pacific

121

121

Current Accounts opened In Local Currency and Fixed Deposits received for one year or shorter periods in Local and other Cur- rencies on terms which will be quoted on application.

HARBIN

HONG KONG

PEIFLYG

YOKOHAMA

(Peking) ZAMBOANGA

PENANG

RANGOON

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS 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 io London undertakes Executor and Trustee business, and claims

of British Income TAX covery overpaid, on terms which may be ascertained at any of the Agencies and Branches.

R. W. ROBERTS.

Manager.

re

$32

SELLERS

Brooklyn-Manhattan

Pacide Gas & Elec

201

26

Trans.

101

10.

Pacific Lighting ....

38

38

HK. & K. Wharves. $130. Providents (Old). $3.

Brooklyn-Manhattan

Packard Motors

42

44

$5 cum pf.

31

301*

Paramount Pictures 101

103

Hong Kong. 28th Feb., 1938.

**

$25.H5

$11.80

$10

B14

126

(new)... $8,70

23/

23/8

Tractions bas

Do. (prof.)......

29/6

XD

Industriale

SIL

Cald, Macg. (Ord.)9

$15

Do.

¡Pref.j

$1,70

Canton Icas

$1.80

$14.90 $4,50

14.90

Cements

$14.90

820

19

ལ་

$6.4038/30

Ropes

Miscellaneous

Dairy Farms....

Ch. tainments......

Constructions, (old) -14

Do.

Lane Crawfords...

Nauyang Tobacco.

11.90 Sincere .................. $1.80

Watsons.5.20

$4.80

***

_[Now}

328 20

$4.30

$81

183

H.K. Tramways, $15.10. Peak Trams. (New). $31. Watsons, $6.40.

SALES

Hong Kong Bark, $1585/90. Union. Insurance, $515, China. Underwriters. $1.45. H.K. Fire Insurance, $240. H.K. & K. Wharves, $130. H. K. & W. Docks, $291/60. Providents (Old). $2.874/90," Providents (New), 3090. H.K. Mines $0.10.

H. & S. Hotels, $6.60. H.K. Lands, $333.

H.K. Realties. $5.60/70. H.R. Tramways. $15. Cements, $14.90/15. Watsons. $61/30.

S'hat Cottons, Sh.$70. Antamoks. 60 ctvos, Aoks, 28 etros.

Case. I

95

93

Paramount 1st. pf.

871

871

HONG KONG SAVINGS BANK

Canadian Pacific

72

Pennsylvania R.R....

231

231

Celanese Corpn. ....

161

167

Phillips Petroleum...

39

393

Cerro de Pasco

413

414

Public Service of N.J.

32)

31

Chesapeake Corpn.... 45..

451

Pure Of ....

121

121

Chesapeake & Ohio 361

361

Radio Corpn. of Am.

01

61

Chrysler Corpn.......

551

551

Republic Steel

18)

172

Columbia Gas & El.

BI

8

Reynold Tobac. "B" 39%

391

Columbia 6% "A" pl.

691

691*

Schenley

25

251

Commercial Credit... 36

38

Schenley 54% pf.

83 *

834*

Commercial Solventa

ទវ

81

Sears Roebuck

04

04

Commonwealth & 8.

17

"13

Shell Union Oli

10)

161

V. M. GRAYBURN,

Chief Manager.

י

Commonwealth & 8.

Socony-Vacuum

151

151

Hong Kong, 28th Feb. 1938.

6% cum. pr.....

37

301

Southern Cal Edison

22}

22)

Consolidated Edison 22}

221

Southern Pacine

4.

201

191

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

The Business of the above Bank is conducted by the HONG KONG & SHANGHAI BANKING COR PORATION. Rules any be ob

tained on application..

For the HONG KONG & SHANGHAI BANKING CORPORATION,

THE CHASE BANK

15, QUEEN'S ROAD CENTRAL.

HEAD OFFICE:"

18, PINE STREET,

NEW YORK.

An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application."

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHINE NATIONAL BANK, NEW YORK, with Resources"over U.S. 82,500,000,000.

D. M. BIGGAR-

Manager.

Consolidated 011

91

91

Southern Rly (com)

124

12)

Continental Can

431

431

Southern Rly "A"

201

20

BANK OF EAST ÄSIA. LIMITED.

Continental Oil

321

321

Standard Brands ....

B

81

Corn. Products

641

642

Stand Gas & Elec.

41

41

Curtiss Wright (C.) 41

41

Stand Gas & Elec.

Curtiss Wright "A" 181

* 163

$i pt.

221

Delaware & Hudson

161

161

Standard Oil of NJ. 62

Del. Lackawanna iz

Sterling Products ...

587

Bagulo Gold, 24 ctvos.

Western

Bl

*

Studebaker

Corpa.

57

**

8. G. Enterprises... 66. CG.5219260.3Bds.

++

65%

раг

H.B. Gort. % Loans $102

Do. 31%

$10.

Wallace Harper .....

$39

H.K Wing O......

40

Benguet Consol., Ps.9.80.

Coco Grove, 68 ctvos,

Consolidate Mines, .011 etvos. Demonstrations. 39 ctvos. IXL.. 76 ctvas.

Paracale Gumaus. 25 ctros. San Mauriclo. 65. etvos.

Deere Co.

241

244

Distillers Corpn. Sea-

Swift International 25. Technicolor

201

grams

15t 15

Texas Corpn. .........

444

Douglas Aircraft

415

411

Texas Gulf Sulphur zi

Du Pont

120 :

1181

Eagle Picher Lead 114

111

Tidewater Assoc. Otl 142 Transamerica (new) 10

Electric Boat

9

81

20th Cent. Fox. FS22

S'ha Do

43

Sti

Vibro Piling

16

5/

18/9 Maramana Inv. (Lon,))

163 cts, Wm. Powells

•Sales to Shanghai

LONDON EXCHANGE RATES

Suyoc Consel. 21 ctros. United Paracles, 52 ctvos.

Elec. Bond & Share

#

B

do. Films pf....

314*

(H.K)

170 cta,

Elec. Bond & Share

$5 pr...... Elec. Bond & Share.

$6 pf.

Union Carbide

Th

50

48.

Carton

Union Pacific

$5

55 *

United Aircraft

25

THE EXCHANGE Elec Power & Light 101

י

101

United Airlines Trans

8

Elec. Power & Light

United Corpn.......

3

MARKET

$7 pí

39

37 *

United

Corpn

$3

(British Wireless Service)

Flintkore

181

173

cum. pl.

201

Feb. 24

Paris

1541

Genevs

21:59

Berlin

12.391

Feb. 25. 153-21/32 21.591. 12.404

Freeport Sulphur ...

201

261

United Gas Corpn... 44

MESSRS.

Athens

The

Milan

951

951

Copenhagen

Stockholm

19.401

197

Lisbon

Shanghal

New York

Amsterdam

Vienna

Prague.....

Helsingfors

Hong Kong

5.01-9/16 8.961

142-9/18

Bombay

5.02-3/16 8.961

1421

ROZA BROS. Saturday, Feb. 26.

Silver price for Ready dropped 1/6 yesterday to 20 3/16. The Forward rate was 1/16 higher at 19 15/16. Silver advices report- ed India and speculators as having The market was steady bought, After the official fixing India again bought at 1/16 over the quoted rate. The market was firm at the close. American Silver was quoted at 44 3/4 for Spot.

The London/New York rate was quoted at 501.95. New York/London was quoted at 502.

Gen. Foods

Gen. 'America Trans

43

44

Un. Gas Tprovem't 10

Gen. Cigár.

261"

251*

Un. Light & power

21

Gen. Electric

411

411

U.S. In'trial Alcohol 201

321

32

U.S. Rubber

Gen. Motors .... Gen Railway Signal 24

381

351

US. Rubber pf:

74.

231*

US. Smelting

701

Glidden Co.

231

23

US. Steel

501

Godchaux

Bugar

Vanadium

CTOSE-

Class "A" Goodrich (B.F.) ....... Goodrich $5 pf. ...... Goodyear Tire & Co. 23 Great Northern Rly. 241 Great Western Sugar 30 Greyhound

Corpn. 10.

7 Hecker Products

34.*

35 *

181

174

Warner Bros. Pict.... Westinghouse

6

Elec. 99

561

541

Woodward Iron Cor. 171

237

Youngstown

Sheet

24

& Tube

371

301*

Chase National Bk. 311*

10

73

National City Bank 281*

Call Money

པྤཡྻུབྷཨཿཧཱཡྻཱཏྟཱཝཊྛཐཱ; ea$ ཊུནྲྀཨྰཿནྡྷ ཿནྡྷཊྛོ དྷཏྟིབྷུནྟི།

231

63

Profits

2,770,728.76

584*

53

25 *

201

433

321

15

101

' ཏྭཧཱཏྠཾ

314

Esq.

h

79.

791

25

71

37

Amor

Batara Bombay

SOW Sydney

201

... 41

101

Honolulu

Parte

...21

Kobe

Felping

Slug-pare

28

341 341

On

approved

561

181 184

6

Authorised Capital ....$10,000,000.00 Paid-up Capital ......... 5,596,000.00 Reserve and Undivided

Head Office-HONG KONG No. 10, Des Voeux Road, Central.

Board of Directors /--

Sir Shouson Chow, Chairman Li Koon Chun, Faq. Li Lan Song, Esq.

BANK OF CHINA

Specially Chartered by

THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL...$40,000,000.DE BRANCHES ALL OVER CHINA) Owing to our numerous Branches

P. R. Kwok, Esq. Wong ChuSon, Esq. in China and connections in the Wong YunTong, Esq. Kan Ying Po, Esy.

Chan Ching Shek. Fung Ping Wah, principal Commercial Centres of Esq the World, we are able to extend

Kun Tổng Po, Esq., Chief Manager. Li The Fong, Esq., Manager.

Osleotta

Canton

Branches and Agencies —

Kowloon Penang Acura'ay

Haiphong Bankow

London

Manila

Malbonyza

Kanroon

Saigon

San Fran.

Talhoku

eisno Tanted

Marsaski New York Reactio

Tokyo

Bemara Vancouver Tokohama

to our Clients special facilities for Domestic and Foreign Banking and Exchange.

Head Office: SHANGHAI

Hongkong Branch:

4 QUEEN'S ROAD, O... South China Offices:

CANTON

Every description of Banking | ŠHIUCHOW

and Exchange business transacted. We also handle the issue of Bonde 74

Loans granted 091 securities.

and other Public Funds of the

Currant Accounts opened in Local Chinese Government both at Home Currency and Fixed Deposits Trand Abroad,

ceived for one year or shorter

SWATOW..

KONGMOON

TOISHAN

KINGCHOW

381

17

I

361

311*

periods in Local and Foreign Car- rencies on terms which will be quoted on application.

Safe Deposit Boxes To Le

KAN TONG PO,

SHOU J. CHEN

Manager.

261*

1% 1%

↑ ex. diy,

• bld.

Chief Manager. THE YOKOHAMA SPECIE BANK

ITALIAN TALKS SET COAL SHARE RISE

Montreal

Brussels

Yokohama

.Belgrade

Monte Video

Bucharest

Rio.

Silver (Forward)

Suver (Spot)

War Loan

ON LONDON:-

5.01.-9/18

29.551 1/2-83/64

5.02-3/16 29.50

1/4

MARKET

Quiet.

197

201

19.411 20-3/16

31% 103-7/16.

Closing Quotations

February 20, 1938.

Telegraphic Trasafer...

Rank Bills, on demand)

ON NEW YORK:-

Bank Bills, on demand 311/18 Credits, 60 days' night " 31} ON BATAVI

"On demand. **-*erepresenta

65+ ON PARIS:-

1/21

Credits, 4 months' sight 1/3

ON SHANGHAI

On demand

1042

Bank Bills, on demand 950 Credits, 4 months' sight

1,010

ON SAIGON :-

ON SINGAPORE :----

On demand

943

On demand

027

ON MANILA:-

ON JAPAN:--

On demand...

£24.

On demand

1001

ON BANGKOK :~~

On 'demand

ON INDIA:-

Sovereign Notes

Telegraphic Transfer...)

Bank Buying Rate.....

+82

Bank, on demagd

BAR SUVEE. per os, amen

STERLING

There were sellers at 1/3 Feb- ruary/May and 1/2 31/32 June buyers at 1/3 1/32 Cash/May and 1/3 Juno

•

U.S. DOLLARS There were sellers at 31 3/8 February/April and 31 5/16 May, buyers at 31 7/16 Cash/March and 31 3/8 May. A small business was reported at 31 7/16 for near

4

COLONY BUDGET SURPLUS

LAST YEAR

London, Feb. 26.

LIMITED

Capital (fully paid up).

Yen 100,000,000.00

Prospects of an early under-Reserve Fund.....Yen 134,400,000.00 standing with Italy have' resulted

Head Office:-YOKOHAMA in a considerable increase in the value of South Wales coal shares

BRANCHES AND AGENCIES AT - on the Cardiff exchange, says the

Alexandria Honolulu Bangoan Dally Telegraph.

Bangkok Hainking Rio do About 60 per cent. of Bouth Batavia Karachi Outlay of the Post Office was just Wales coal is exported, Italy being Berlin over $1,000,000,

one of the biggest purchasers,

Bombay Although coal exports to Italy at (Calcutta

More Than $1,075,000

According to official returns issued by the Treasury on Satur- day, the Colony ended the year 1937 with a budget surplus of more than $1,075,000.

SUBSTANTIAL INCREASE

Bankow

Janeiro Kobe

Ban London Francisco Los Angeles Seattle Manila With the exception of port and

Bemarang Moji harbour dues, and interest, all present are greater than when Canton Dairen

Shanghai (Dalny) Nagasaki Singapore Revenue exceeded original esti heads of revenue showed a sub-sanctions were being imposed on

Fengtien Nagoya Boerabaya (Mukden) New York Sydney mates by approximately $4,400,000 stantial increase both as compared Italy, they have by no means while expenditure fell short of with 1936 and with the estimates reached the level of previous

Hamburg Omaka estimates by roughly $150,000, and which were generally based upon years.--Transocean.. SHANGHAI DOLLARS

an estimated deficit of over $3.- lower expectations in 1937 "than

Hong Kong Peking There were sellers at 105 6/8,500,000 was converted into a sub-shown by the results of 1936. thing close to a monthly record Harbin

Interest allowed buyers probably at 105 3/4 for stantial surplus, in spite of the Duties brought in $1,210,000 moře was achieved.

Land sales brought in $528,436 than estimated; licences and in- Spot.

fact that the civil service levy on salaries was removed in the middle ternal revenue produced $1,004,000 as against an estimate of $206,000. Accounts..

Deposits received for Fixed. Interesting items under the Periods at rates to be obtained of the year.

more than estimated: the Kow-

on application. loon-Canton Railway returns were heading of expenditure are Pen-

Y. KANO, nearly $200,000 higher than ex-slons, $2,559,869 for the year, Mill- when tary Contribution, $5.585.415.

2. Manager. pected, and in December

Hong Kong, 14th Feb., 1933, total income was $138,000, some- charitable services, $214,920,

SHANGHAI MARKET There were sellers of Sterling at The Post Office experienced a 149

1/2 7/32, buyers at 1/2.15/64 for record year, its income totaling Spot. UA., Dollars, sellers, at 29 $3,254,396 against an estimate of 1/31/16 3/4, buyers at 29 25/32 for Spot. $2,2049,800 and $2,058,885 in 1938,

203/16

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