PAGE 12-HONGKONG DAILY PRESS
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG.
BANKS
HONGKONG AND
SHANGHAI BANKING
CORPORATION
Authorised Capital
$850,000,000) |
THE CHARTERED
BANK OF INDIA, AUSTRALIA & CHINA
Finance and Commerce
WORLD TRADE REVIVAL REOPENING OF
DEPENDENT ON U.S.
Anglo-American Trade
Treaty Prospects
The restoration of trade prosperity throughout the world is wait ing only upon that of the United States, according to the West- minster Bank, one of Britain's "big five" banking Institutions. The Bank's current monthly review bases this conclusion upon detailed examination of the extent to which in the past ups and downs of
Issued & Fully Paid-Up $20,000,000 facorporated by Royal Charter, 1355 trade elsewhere have followed similar fluctuations in the United States. Reserve Fun:ls:
HEAD OFFICE: LONDON: 38. Bishopsgate.E.C.2.
Sterling
£6,500,000
H.K. Currency Reserve $10,000,000 "Reserve Liability of
-$20,000,000 | Paid-up Capital
Reserve Fund' Reserve Liability of Pro-
prietors......
£3,000,000 £3,000,000
£3,000,000
+
Proprietors
Head Office:-HONO KONG
Board of Directors.
T. E. Pearce, Esq., Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman.
J. K. Bousfeld, Esq..
A H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
W. H. Lock, Esq..
C. Miskin, Esq.,
K. 5. Morrison, Esq.
Hon. Mr. A. L. Shields,
H. V. Wilkinson, Esq..
Sir Vandeleur M. Grayburn
MANCHESTER BRANCH: 71. Mosley Street. Manchester.
ALOR STAR
AGENCIES AND BRANCHES: »
HONG KONG PENANG
RANGDON ILOILO IPOE
BAIGOM KARACHI KLANO KOBI
KUALA
AMRITSAR
BANGKOK
BATAVIA:
ROMBAY
Chief Manager.
CALCUTTA CANTON CAWNPORK CEDU
LUMPUR
KUCHING
Branches:-
COLUMBO
MADRAS
Amoy
Ipoh..
Pehaug
DELHI
MANTLA
Bangkok
Johore
Rangoon
HAIPHONG
MEDAN
Batavia
Kobe
Saigon
LAMBORO
Bumbay
Kowloon
San
HANKOW KASBIN
Calcutta
Kusta
· Francisco
Canton
Chefoo Londor
«Singapor
Lyons
Malacca
Sungei
Manila
Swałow
Colombo
Dairen
Fuochow
Lumpur Shanghai
Haiphong Muar
Sourabaya.
Patani
Bamburg Johore). Tientsin
Mukden Tokyo Hankow
New York Tsingtao
Yokohama Peiping
Harbin
Hongkew
toilo...
Current Accounts opened in Local Currency and Fixed Deposits received for one year or shorter periods in Local and other Cur rencles on terms which will be quoted or application.
Also up to date Safe Deposit Boxes in various sizes To Let.
Hong Kong, 7th October, 1938.
HONGKONG SAVINGS
BANK
The Business of the above Bank
SEREMBAN BUANGHAI
SINGAPORE
HITIAWAN BOURABAYA
TAIPING
TLENTSIN TONGLAH
(Bhuket)
NEW YORK › TSÍNOTAD PRIPING YOKOHAMA
(Peking)
FOREIGN EXCHANGE, and General Banking Business transacted.
CURRENT ACCOUNT opened and FIX DEPOSITS received for One Year or shorter periods at rates which will be quoted on application. The Bank's Head Office in London undertakes Executor nad Trustee business, and claims re- covery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager.
THE CHASE BANK
15, QUEEN'S ROad central
is ennducted by the HONG KONUR AD
& SHANGHAI BANKING COR- · PORATION.
Rules may be ob
tained on application.
For the HONG KONG & SHANGHAI BANKING CORPORATION.
V. M. Grayburn,
Chief Manager. Hong Kong, 7th October, 1938.
BANK OF EAST ASIA, LIMITED.
Authorised Capital ....$10,000,000.00 Paid-up Capital 8,598,500.00 Reserve and Undivided
2,778,728.78
Profits
Head Ofce:-HONG KONG No. 10, Des Voeux Road, Centrai.i
Board of Directors:
Bir Shouson Chow, Chairman
L Koon Chua, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. Wong ChuSoa, Esq. Wong Yun Tong, Esq. Kan Ying Po, Esq. ChanChingBack, Esq. FungPingWah Eng. Kan Tong Pc, Esq., Chief Manager.
Li Tse Fong, Esq., Manager.
PLOY
Unlgita Cleats
Soumbay* Hydray
BWESOME
· Brancher and Aganoler *--
Kowloon PISIDE indom
Sairpe Macla Melbourba, San Fran. Taltoku Bagaika New York
Haiphong
Hankow Orks
Boutila Barang Shangha Pelping Magipare
Kenolato *Paria
Kobe
}
HEAD-OFFICE;
18, PINK STELET,
NEW YORK.
An American Bank offering com- plete Foreign Banking Service in the principal Markets 'of the world.
Interest Rates on Application.
14
SAFE DEPOSIT BOXES
This Bank is entirely owned by
THE CHASE NATIONAL
BARK, NEW YORK, with Resources over [1.8.. $2,500,000,000.
D. M. BIGGAR,
Manager.
BANK OF CHINA.
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL $40,000,000.00* (BRANCHES ALL OVER CHINA)
NORTH CHINA
FLOUR
sion
YANGTZE
No Agreement
Yet Reached
TUESDAY, NOVEMBER 8, 1938.
DAILY SHARE QUOTATIONS
Hong Kong Stock Exchange
Dayers Bellors
Salem
MONDAY. NOV. 6.
"Sharebrokers'
Association
Buyers | Ballora
Balesina
Banks
H.K. Banks
Do. (Col. Keg.)...............-|
Do (Don. Bug.)-----|
Chartered Banks
217 Mercantile Bks. “A”
$1,350
(1.330/8]
£811
01
220 Caton Insurance............... $300 Union Insuranowe -----
Underwriters 1200 H.K. Firan sem,
Shipping
⠀⠀
$1,350
83
£13
£13
Maronatile Bka. "On
185)
Bank of Bass Asin .....
N. C. & 8. Banka.........
Insurances
12:20
$500
$2
1200
+1
$66 19
$24 86/3
$9
+44
1773
14
166
be
Douglass ............
€19
Steamboats
$80
Indo-Chinas (Pent.}....
324
Indo-Chinas (Def.).
88/3 18halir
เร
Waterbosta
nitaing
17/3
silans.
19.70
$8.70
$3
Reports from Chinese sources to the effect that. the Japanese authorities have consented to allow the ships of the Indo-China Steam Navigation Co. Lið. and · the China Navigation Co., Ltd. to navigate on the Yangtze far as Nanking appear to "It is largely the set-back in somewhat premature. America last year," the Bank Bays. The agents here. Messrs. Jar- "which accounts for the present dire, Matheson and Co., Ltd. and recession in world trade. Converse- Butterfeld and Swire respective- ly it is to recovery in America that y. say that negotiations are pro-, we look to prevent the world reces- ceeding between their representa- from going further, and to tives at Shanghai and the Jap- bring a reversal of the decline."
anese authorities with the view It follows, the Bank thinks, that of resuming Yangtze traffic at the proposed trade agreement be- the earliest possible" date, but no tween the United States and Britain information has
come to their -as being the world's two greatest hands of an
agreement having trading companies-may, produce been reached on his point. even more striking iniprovement! The "Ta Kung Pao." well-in- The brightness of this prospect, formed Chinese daily. says .that the Bank agrees, may be somewhat
the two companies are prepar- dimmed by Britain's prior commit-
ing to resume the Shanghai- ments to the overseas nations of
and
calls Nanking run,
that British Commonwealth. On
would..be made en route at Klang-.. In North China and Japanese four the other hand, it sees hope in the
and yin. Tienhsingchino. Kouan has decreased, to about 10 per cent fact that both the United States
Chinkiang. of the total four imports. In Ser- and Britain support the uncondi- tember, the figure sank as low as tonal "most-favoured-nation" ar- 5 per cent. This is tantamount to rangement. suspension of imports of Japanese flour
Japanese Exports Decline
Shanghai, Nov. 4. Exports of Japanese Hour to North China have fallen and scant hopes are entertained for a revival of the trade, at least for the time being.
Cheap foreign flour has appeared the
Sept.
r:
OFFER TO THE WORLD This
means that any Anglo-| American tariff concessions that may be arranged will at the same time constitute "an offer to the world to participate."
SWATOW EXPORTS TO COLONY
BRISK TRADE IN FOOD SUPPLIES
"Swatow, Nov 7,
་:
North China's flour imports for the three months were as follows:
July Aug.
(1,000 sacks)-- 90 240 210 Japanese
030 Shanghai
780 540 Austráliari 790 210 1,040 180 American
Total
1,840 1.200 1,670
Another favourable factor, the bank suggests, is to be found in the fact that come recovery has al- ready occurred.. Such recovery, it shadows of Japanese warships. says, is chiefly reflected in the de- imports
With
· Swatow under the
of foreign
$73
$23
goods have
This amount corresponds to
trict-International News.
2
here
There
In Tientsin. about 3,000,000 sacks bletion of stocks built up in 1936 been suspended since last month,
arriving Arc develops and is reinforced by an with their holds half füll. of flour are held in warehouses. and early 1937. If this movement and vessels three-month supply for that dis-Anglo-American trade pact, the is no demand at all for imported
Bank concludes, substantial forces goods. toward the uplift of world trade On the other hand, the export will have been set in motion.
trade, especially in vegetables and live stock, la brisk. The low value of the dollar has encouraged ex- ports to Hongkong and else- also exported from here in large quantities. -International News.
COTTON TRUST IN ARGENTINA
CHARGE TO BE INVESTIGATED
Charges in the Argentine Cham- ber of Deputies that a cotten trust. is in existence have led to the ap- pointment of an investigation com-
ice.
ד'
TRANSACTIONS IN RAW GOLD
NEW CHINESE REGULATIONS
The buying and selling of raw gold is to be governed by now regulations which the- Ministry of Finance has issued to the Provincial Govern- ments.
Jewellers may
where. Eggs are
8241
7
FORT BAYARD SUPPLIES
Fort Bayard, Nov. The number of vessels plying between this port and Hongkong has been increased to six, and every outgoing vessel is laden with live stock and vegetable for Hongkong. whose supplies from Canton have been cut off since the Japanese Invasion.
only purchase Piga,
their ket in
Raubs
Venexusia Gold Fide
17 ct, Hong Kong Mines......
Docks, Wharves, Godowni, eta.
3122 H.K. & K. Wharves... $0.30 Providente (old).....................
$19
Providente (DeW)................... H.K. & W. Dock.... $181 Da. (new) $124 Bhanghai Docks 8. .......... $3.99 New Engineeringe 5.
Lands, Hotels, and Buildings H.K. Botal 835H.A. Lands.........B. $107 Do. 4% Delcatures $8.00 Shanghai Lands $. H.E. Realios
$61
#91
196
Humphreys
cincome;
Chiness Estaten ------
Cotton Mill
$17) was (9.) ................................
805
B'hai Cottons (8.) ..... $16 Zoong Bing (8.)
Wing On Textiles (8.).
Public Utilitie
042
$101 TramwayD
AN
Poak Trams (ald)...... Feak Trams (0W)..................
Star Ferris
Y'mati
Ferries C.B.
ફર્સ્ટ Do, (new)$
$10
China Lights (old)............ $10.20ina Lights (now).....
$58H.H. Electrics.........................
$171 Macao Electrica
$122
38:40
$6.20
$18
$18
$180 $31
$6.80
$361
$105
*
#17,60
390 3:4
$42
#161
13/
172!
#13
123
10.70
$10.20
$577
634 60
$0.00
12/8
$19.
$14 Cald., Marg. (Ord.) 8. Cald., Macg. (Prat.) 8.. $1.70 Canton Ices
$1.80
$156
$161
...
"$4,40
**
$25
$6.20
$479
310
Bandakaz Lights .....
24.80 Telephones (old)................... $8,80 Telephones' (Dew)................. 23/8 Tractions .............
Tractions (pret.)
Industrials ·
Cementa
84.55 Ropes
Miscellaneoms Dalty Farms............. Ch. Binments Constructions (old)...............) Constructions (DeWW)...... Lane Crawfords......... Nanyang Tobacco.
€6
71
17.5 Ch.G.3%19350.40de.
B.K, Govt, 4% Loans
|H.K. Gort 3)% Logos
$100
cows, and chicken... are
347
H.K. Wing On
3471
8'hai Wing On
$6.95
Vibro Piling
36,47
17/0
Marumans Inv. (Lon.)
3/0
Marsmans Inv. (HK)
90 ats
W. Powalle
Hongkong.International
The names of two firms were mentioned who, it is alleged, con- trol 97 per cent of the ginning plants and 70 per cent of the cotton, all production, besides the finished objects and not the na-raised here and have a good mar- whole of the export trade. The for- tivé gold itself. Gold for mation of ກ new Cotton Board, use must be bought through the News. along the lines.ecommended by Central Bank which is to control the Government, it was argued, the prices in such transactions, If there is no Central Bank would give official endorsement of
then in the district, the monopoly,
Jocal
U.S. EXPORTS OF PLANES
The Argentine National Cotton (branch of the Bank of China Board. In its last annual report, or any of the other government predicted an early shortage of banks will attend to the transac- labour in the plantations. This was tions.
190 cfs.
*Bales to Shanghai
LONDON EXCHANGE RATES
Paris Geneva Berlin
of
Athens
to
Milan
Lisbon
Stockholm
The United States' foreign trade in aeronautical products is strik- In Department of due to the expansion of the growing Any jeweller found violating the ingly, shown
reveal Commerce Agures, which. liable to have areas the provinces of Corrientes regulations is
that, for the first alx months and Santiago del Estero and the his shop closed.
1938, total exports amounted Szechuen In West
small 3 Chaci
quantity of native gold is obtain-$37.121.659, or an increase of 128 ed in the alluvial deposits there, per cent over the similar period while more is brought in from of 1937. Sinklang and Tibet.
CHINA'S NATURAL
RESOURCES
From Los Angeles alone, $1,000, The Szechuan provincial gov-000 of planes and accessories were ernment has issued orders pro-shipped last month. The Natural Resources Com-hibiting the export of silver from While Japan, Argentina, China, Owing to our numerous Branches
USSR., Netherland Indies and in China and connections in the mittee of the Military Affairs Szechuen.
Canada were the principal buyers, Issued its principal Commercial Centres of Commission has just
exports were fairly well distribut- ed in every part of the world, the Department's according to publication, "Aeronautical · World News"
Takyo VanGOO YA Yokohama
Exchange.
Head Office: SHANGHAI Hong Kong Branch:
the World, we are able to extend report, from which it is interest- to our Clients special facilities foring to note that of China's total Domestic and Foreign Banking and land area of dison Tonial
11 about
million square kilometres the National
controls Government" still
over eight million. In this area, Abys. the report, there are abundant natural products of every descrip- tion which may be helpful in car- rying on the war of resistance.
4, QUEEN'S ROAD, C
South China Officer:
Every description of Banking and Exchange business transacted.
granted on - approved] Loans
CANTON securities.
Current Accounts opened in Local SWATOW
SHIUCHOW Currency and Fixed Deposits re-
KONGMOON TOISHAN KINGCHOW
ceived for one year or whorter We also handle the issue of periods in Local and Foreign Cur- Bonds and other Public Fands of rencies on terms, which will be the Chinese Government both at quoted on application.
Safe Deposit Boxes To Let
KAN TONG PO.
·Chief Masäger:
Home and Abroad.
A job?
onsult
WANT ADS
SHOU J. CHEN,
Manager.
HONGKONG MINES
OUTPUT
1:
AUSTRIANS START FACTORY IN ENGLAND
MEDIUM-PRICED FORD CAR
Three grateful Austriana, who Bed from persecution in Central Europe and found refuge in Eng- of the and, have furnished one “special areas" in Bouth West Dur-
The Ford Motor Company has bam with a new industry that is announced plads for a new une creating employment there fox of cars in the lower medium- local people.
|priced" range, to be known a It is expected that the factory the Mercury-Eight. established by Ernest Wallach, The Mercury will be priced ́be- Henry Wallach and Fritz Kalkstein tween the company's Ford V-8 Nielson and Co., Inc, manager at St. Helens Auckland will pro-and the V-12 Lincoln Zephyr. for the Hongkong Mines, Ltd., revide work for close upon two hun-it will have wheelbase of 110 Dort 3,756 short dry tons of ore dred young men and women. treated for the month of Octo- ber; from which 621.75 dry short tons of lead concentrates were produced, averaging 31.61 per cant, lead and 16.9 oz. allver Der tor
1
RUSH FOR SHARES
OF WOOLWORTH'S
Shanghal
New York Amsterdam
Vienna Prague
20:07+
11.33
(British Wireless Service)
Nov. 3 178-25/32
Nov. 5 178-47/04 20.981.
547) 00-7/18.
09-7/16
1101
19.411
Bd.
81d
4.75-15/18
4.76
8.741
8.751
∙1381
2284
660
Bombay .....
1/2-15/16 1/5-15/18
Montreal
4.787
28.13
4.787 28.14
1/2
211
19.01
19.05
Rio de Janeiro -mundesin Copenhagen
au
3. 22.40
Oslo
19-5/16 19)
Helsingfors Bucharest
Hong Kong
Prussels
Yokohama
Belgrade
Buenos Aires ....
Monte Video -
Silver (Forward) Silver (Spot) ... War Loan
inches, a V-B motor, and will be | OH LORDOB:-- equipped with Hydraulic brakes."
BICYCLES IN FRANCE
Over £25,000,000 was subscribed The bicycle-owning population of The Kweichow Provincial Goy when the list of application for France Increased in 1937 compared ernment has commissioned Mr. Woolworth shares was closed one with 1938 by 527,000 bicycles, with Yu Chen-yung, the well-known minute after. the opening. ma like increase in Treasury tax veterinarian, to investigate an- November 1 in London
referpes. The Treasury receipts
mal husbandry in the northern The sale offer consisted of 2,200, for licences in 1937 totalled about parts of the province, dipectaty 060/mitzwiling tigres at 68 m.-97,000,000 francs. The total number in the Tungtse and Tawiyiir die lings which were recently re- of bicycles in operation in France. triéta
satriated from the United states, is now about 8,094,000.
31% 99-7/18
Closing Quotations
November 7, 1938.
Telegraphic Trausfor.......: 1 }/5 Bank Bills, on demand 27/32 Credits, 4 months' right -1/8 3/12
IN SHANGWALL- On demand *IN SINGAPORE:---
On demand
THE JAPANG-
On demand
Os New-Youm:-
19-5/18 191
Bank Billa, on demand" 99:7/16 ° Credila, 80 days' sight 2916/16
UN BATAVIA-- ***... On demand
O'S PARIS:
Bank Billa, on demand 1,100 Credits, 4 months' aight" 1,160
110
175 nom.
On demand
53
ON MANILA
On demand
ON, BANGKOK :-
108
On demand
1400
Sovereign Notes
Telegraphie Trans
Bank Buying Rabt.....
1/3-1/32
“är ¶Uvis - CHEF DEL
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