1938-12-15 — Page 14

'"

HONGKONG DAILY PRESS

BANKS

HONGKONG AND

SHANGHAI BANKING

CORPORATION

Authorised Capital $50,000,000

THE CHARTERED

BANK OF INDIA,

AUSTRALIA &

CHINA

FINANCES OF

CHINA BETTER

THAN JAPAN'S

(Continued from Page 11).

revealed curity. the spokesman that $2,500,000,000 had been secur-

Issued & Fully Paid-Up $20.co0,000! Incorporated by Royal Charter, "1835 | ed on the Chinese Maritime Cus-

Reserve Funds!

'Sterling

H.K. Curreney Reserve

Reserve Liability of "Proprietors

£ 0,200,000! 10,800,000

HEAD OFFICE: LONDON: 38. Bishopsgate E.0.2.

320,000,000 | Paid-up Capital

Reserve Fund Heserve Liability of Pro-

prietors..

Head Office-HONG KONG

Board of Directors.

T. E. Pearce, Esq., Chairman, Hon. Mr. J. J. Paterson,

Deputy Chairman,

J. E. Bousfeld, Esq..

A. H. Compitoy, Eng..

Hon. Mr. S. H. Dodwell,

W. H. Lock, Esq..

G. Miskin, E

K. S. Morrison. Exq........

Hon. Mr. A. L. Shield,

A. V. Wilkinson, Esq...

Sir Vandeleur M. Grayburn.

Any Bangkok

་་

£3.000.000" £3,000,000

£3,000,000

MANCHESTER BRANCH: 71. Mosley Street, Manchester.

AMBITBAR

BANGKOK ΒΑΤΑΝΙΑ

AGENCIES AND BRANCHES: ALOR STAR HONG KONG PENANG

RANGOON ILOILO

SAIGON SEREMBAN KHAKOHAL BINDAPORI

DON BAY CALCUTTA CANTON

Chief Manager. CAWNFORE

KARACHI KLANO

Коле

KUALA

.

Branches: Ipoh

CKRU COLOMBI DEL111

LUMPUR KUCHING MADRAS

MANILA

Pestang

Johore

Rangoon

Batavia

Kobe

Ronbay

Kowloon

Saigon San

HAIPHONO BACKG HANKOW HARBON

Calcutta -Kuala

Canton *Chefoo

Francisco Lumpur Shanghai Londor Singapore, Colombe Lyons Saurabaya Dairen Malacca Sungei

Foochow Manila

Patani

Baiphong Muar

Swatow

Hamburg (Johur

Hankow

Mukden

Tientsin Tokyo New York Tsingtao Harbin

Yokohama Hongkew Friping Iloilo

...

Accounts Current

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."

se 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

is conducted by the HONG KONG

MEDAN NEW YORK PRIPING

(Peking)

SITIAWAN SOURABAYA

TAIPING TIENTSIN TONGKAR

(Bhuket) TSINGTAO YOKOHAMA”

FOREIGN EXCHANGE and General Banking Business transacted.

CERENT ACCOUNTS opened and FIXED 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 and 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

HEAD OFFICE:

& SHANGHAI BANKING COR- An PORATION. Rules may be ob

tained on application.

For the HONG KONG & SHANGHAI BANKING CORPORATION.

."

T. M. Graybarn,

Chief Manager. Hong Kong, th October, 1938.

BANK OF EAST ASIA. LIMITED.

Authorised Capital ....$10,000,000.00

Paid-up Capital ........ "Beserve and Undivided

Profits

5,508,800.00

2,776,720.78

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

Board of Directors;

Bir Shouson Chow, Chairman

Li Koon Chim, Esq. Li Lan Bang, Esq.

WongChubon, Esq. P. K. Kwok, Esq. Wong Yan Tong, Baq, Kan Ying Po, Esq. Chan ChingShek, Esq, FungPing Wah Esq.

Kan Tong Po, Esq., Chial Manager. Li Tae Fong, Esq., Manager,

Bombay

Celestia

Caning Haiphong Hankow Homain Labe

Branches and Agencies :---

Kowloom Развой Bonrabaya London Rangoon Bwatow Bydney Balyon Manda

Tibok Melbourne Bax Frani.

Tanteix cinco Nagaka Kew York Bestila Tokyo

Bemang Deska

YangoCYBE Parko Shangba Yokohama Paplug.. Bingapore

Every description of Banking

18. PINE STREET,

NEW YORK.

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 CHASE NATIONAL BANK, NEW YORK, with Resources over U.S. $2,500,000,000.

D. M. BIGGAR,

Manager.

BANK OF CHINA

Specially Chartered by.. THE NATIONAL GOVERNMENT

OF CHINA AB AN... INTERNATIONAL EXCHANGE

toms, $325,000,000 on the salt re- venue and $120,000,000 on consoli dated taxes.

FINANCE

EFFECT OF THE CRISIS ON

THE BUILDING TRADE

THURSDAY, DECEMBER 15, 1938.-PAGE 13

An interesting and important commentary" on the effect of the international crisis in holding up trade is shown by the monthly statistics of building plans approved as published in the Ministry of Labour Gazette for October. A large number of local authorities. Te-

of

make presenting about one-third of the population

Britain. monthly returns of the value of buildings the plans for which have been approved" during each month, and these statisties are regarded as being a fair indleation of the prospects of future activity in the building trade.

M

During the month of September, amined in time for submission for approval, but in addition to that many building arms, uncertain as

prospects, would have abstained from submitting plans until they were assured that war was not go- ing to result as a sequel to the 'crisis.

The annual payments on these 1938, the plans approved totalled obligations in 1938 were equal to £6876,700, as compared with £9. $104,000,000 on external and $158.-183.800 in September" 1937, a de- crease of 25.1 per cent. During 000,000 on Internal obligations."

Obligations under the charge of August, on the other hand, there the former Ministries of Railways was actually an increase of 6.7 per and Communications, that is other cent, over August 1937.

It does not follow. of than the

The heavy decrease In Septem- Ministry of Finance,

ber presumably arose from two that there has necessarily been amounted to about $900,000,000,

separate causes. On account or any permanent abandonment but, the preoccupation of the stairs cfhevertheless, some delay in the local authorities with air raid pre-submission of, plans, and subse- enutions, in some cases plans that quently in the starting of opera- were submitted could not be ex-tions, must necessarily result.

On these obligations, annual payments due in 1939 amount- ed to around $50,000,000,

Loans issued after the outbreak of the war, the spokesman said. included the 1937 National Liberty Loan of $500,000,000; Kwangsi cur- rency of $17,000,000; the 1938 Nan- cheng Railway Loan of 150,000,000 francs: 1938 gold loan bonds of C.G.U. one hundred million. U.S. £10,000,000: the $50,000,000 and

1938 National Defence Loan of Mex. $30.000.000.

The total authorized amount of these loans equalled about Mex. $1,500,000.000, or £91,000,000,

JAPAN'S LOANS BIGGER, On the other hand, the spokes-, man declared, Japan's loans, issued during the same period, totalled. according to available information, around Yen 7.000,000,000..

Comparing the present total outstanding indebtedness of the two countries, the figures were roughly: for China. Mex. $6,- 000,000,000 and for Japan, Yen . 18,000,000,000.

SINO-JAPANESE

WAR'S EFFECTS

ON SHIPPING

The adverse effect on cargG the and passenger trade of

Spanish Sino-Japanese and

wars was the subject of a re- port by Sir Willian Currie, Chairman of the P & 0. Steam Navigation Company, Ltd., at a general meeting of the company on December 7. Sir William, sald that, owing to unsettled conditions in the Far East, the volume of cargo out- considerably ward had dwindled during the past year.

This was

balanced, to some Increased rates of

On the basis of these figures, the spokesman said that the per ca extent. by pita debt in China was only Mexfreight on certain commodities. $13 and. for Japan about Yen 260, or a ratio of 1/20, compared with. the ratio of 1/16 before the hosti- lities..

The export trade of China, the Chairman asserted. had been dis- located, but China's powers of re- were such that, given confident trade peace. he was

normal course would resume its within a short time after the end of hostilities.

Thus, the spokesman concluded, covery Japan's per capita debt had in creased by about Yen 100, whereas China's had increased by only about Mex. $3.

FUKIEN PORTS'

the

RESTRICTIONS Steamers from outports" will be admitted, to

of vorts Chuanchow and Hainghua in Fuklen Province, only one at time under the new regulations promulgated by the Chinese mili- tary authorities.

ports

these

Steamers entering are subject to search by Chinese Miltary agents. No such restric- tions, however, are placed on the entry of steamers entering port of Foochow. ·

the

NO PERMANENT NOTE ISSUE INCREASE

course.

HONGKONG STOCK | EXCHANGE

December 14.

The market was a'shade quieter during the Short session but prices generally were well maintained.

BUYERS

HK. Fire Insurance, $180. Douglases, $801. H.K, Docks, $18. „Providents (Old),"$6.

H. & S. Hotels, $6.70. "H.K. Lands, $354. HK. Realties, $5.

Star Ferries, $711

Sandakan Lights, $11.30. H.K. Ropes, $H. Watsons, $7.30. Entertainments, $8.30.

HK. Govt. 4 per cent. Loan. 6

per cent. pm.

H.K. Govt. 31 per cent."Loan, par.

SELLERS

HK Fire Insurance, "$182. Humphreys, 39. Lane, Crawfords, $8. Constructions, $14. SALES

HK Docks, $181. H. & S. Hotels, $64.

H.K. Electrics, $58.

China Lights (Old), $104.

H.K. Ropes, $41.

was! dig-

Watsons, $7.30.

The holiday traffic from India' and China to Japan, which on the upward trend, had appeared, he added.

OIL GIVEN LONG LIFE BY FILTER

INVENTION USED BY R.A.F. & ADMIRALTY

The letters patent for a niter which it was stated, enabled lubri- cating all to be used over and over again, was extended for five years.

(Prices below in Phil, currency}

Antamook Ps. .491

Atoke Pa. 25

Benguet. Consolidated Ps. 12,50

Coco Grove Pa, .45 Consolidated Mines Ps. 0035 San Mauricio Ps. 1.72 United Paracales Ps. 48

GUARANTEES FOR EXPORTS TO CHINA

Exports

to

London, Dec. 14.

China would be

by Mr. Justice Simonds in the eligible for guarantees under the Export Guarantees. Act of 1937, Chancery Division recently

and

for

certain applications It was claimed that the nature

in connection with of the invention was such that a guarantees long period of practical experi- some exports were under consi- Tondon, Dec. 14. BANK

to deration, stated Mr. R. 8, Hudson, Asked in Commons yesterday mental work was necessary PAID-UP CAPITAL $40,000,000.00

ascertain how it could be exploit Secretary for Overseas Trade, in (BRANCHES ALL OVER CHINA) whether he was considering

Adned to the best advantage, and the House of Commons yesterday! He added that. It was not the Owing to our numerous Branches permanent increase in the in China and connections in the clary issue in view of Increased that the commercial development

'or de of the patents had been retarded. practice of the Export Credit principal Commercial Centres of Government borrowing

used Guarantees Department to publish The apparatus was being the World, we are able to extend fence. the Chancellor of the Ex

did not by the Royal Air Force, the Ad-information as to the business to our Clients special facilities for chequer replied that he

Central Electricity done with individual countries.- Domestic and Foreign Banking and think such action desirable-Reu-miralty, the

Reuter. Exchange.

Board and many others.

Head Office: SHANGHAI

Hong Kong Branch:

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

KONGMOON TOISHAN SHIUCHOW KINGCHOW

And Exchange business transseted, CANTON Loans granted an approved SWATOW

ecurities,

Current Accounts opened, in Local

We also handle the issue of Currency and Fixed Deposita re- Bonds and other Public Funds of ceived for one year or shorter the Chinese Government both at periods in Local and Foreign Cur Home and Abroad.

rencies on terme which will be

quoted on application.

Safe Deposit Boxes To Let

KAN TONG PO,

Chief Manager.

SHOU J. CHEN,

Manager

WINTER CLOTHES Women's, Men's & Children's WANTED URGENTLY

HONGKONG BENEVOLENT SOCIETY

Monday & Thursday

ICE HOUSE STREET

10 to 12 Noon,

ter.

CONSIGNEES' NOTICES CONSIGNEES' NOTICES CONSIGNEES NOTICES

SERVICES CONTRACTUELS, DES MESSAGERIES MARITIMES

CONSIGNEE NOTICE.

8.8. MARECHAL JOFFRE 2*A/39.

BRINGING CARGO FROM MARSEILLES via SAIGON, ARRIVED HONG KONG on THURSDAY, THE 8TH DEC., 1938.

YONSIGNEES are hereby informed that their goods with the exception of Opium, Treasure and Valuables are being landed & stored into the Godowns of the Hong Kong, Kowloon Wharf & Bodown Co., Ltd., Kowiron, whence delivery may be obtained immediately

after landing..

HAMBURG-AMERIKA LINJE

NOTICE TO CONSIGNEES

THE M.V

#

CONSIGNEES' NOTICE.

THE BEN LINE STHAMERS, LTD.

From LEITH, MIDDLESBRO", ANTWERP, LONDON AND STRAITS

THE 8.8.BENMACDĦUL"

"DUISBURG having arrived from Hamburg and Ports of call, Consignees of Cargo are hereby notified that their goods are being landed and placed at their risk into the Bong Kong & Kowloon Wharf & Godown Company's godowns at Kowloon, where delivery may be obtained sa soon as the goods are

YONSIGNEES of Cargo are hereby landed.

informed that all Goods are being Optional cargo will not be landed landed at their risk into the hatardons here, unless notice has boon given 48 and/or extra, hasardous Godowns of the hours prior to vessel's arrival, but Home Kos AND KOWLOON WHARY AND carried on from port to port to the GoDoWN COMPANY, LTD., whence and/or fal port of call to which the option from the wharves Delivery may be extende

abtained.

PRESIDENT LINER

Sailings

SAN FRANCISCO AND LOS ANGELES

VIA KOBE, YOKOHAMA AND HONOLULU- 8.3. PRESIDENT COOLIDGE " Saily Dec. 18th at 900 PM 9.S."PHESIDENT TAFT "

5.8. "PRESIDENT CLEVELAND 8.8. "PRESIDENT PIERCE

Dec. 31st at 9.00 P.M. Jan. 13th at Midnite Jan., 97th at 100 P.M.

יד-

SUEZ VIA

Saibe Dec, 23rd at 12-Noos

NEW YORK AND BOSTON

S.S." PRESIDENT ADAMS" 58. "PRESIDENT. VAN BUREN' SSPRFSIDENT BARRISON " 8.5.PRESIDENT HAYES".

Jun. 6th at 18--NOON

Jan. 20th at 19-Neam

Feb. 3rd at 19-NDON

MANILA

!.

J

Sails

Dec. 23rd at 12-NOON Dec. 25th at 5.00. P.M. Jan. 6th at 1-Noor Jan 7th at 5.00 P.M.

8.S."PRESIDENT ADAMS * 8.S. PRE-IDENT TAFT 6.S." PRESIDENT VAN BUREN" S.S. PRESIDENT CLEVELAND "

AMERICAN PRESIDENT LINES, LTD.

ROUND THE WORLD SERVICE

FORMERLY DOLLAR STEAMSHIP LINES

12, PEDDER Sr.

CHINA

TEL. 28171.

VISIT BALI AND JAVA

Special Excursion Fares in Application SAILINGS

TO MANILA, BALI, MAKASSAR AND SOEBABAIA:-

*m s TJINEGA RA"

27th Dea.

TO BATAVIA (DIRECT)+ S.S. "TJISA KOEA «27th Lee TO AMOY & SHANGHAI:- S.S. "IJINE CAI A" 15th Deo. TO BAIFEONG (DIRFCT): $: "JIBALAK" 29th Dec.

For Freight & Passage Rates" Apply: CANTON~~JBY#-China-Japan Líne MACAO-E Nolasco da Silva HONGKONG-Phone 28015

MODERN

LIJN EXPRESS SERVICE

HAMBURG-AMERIKA LINIE

Far Eastern Mail, Passenger & Freight Service Through bunking to America via Europe and Europe tin America, Through hookings to London Bookings round "the world.

OUTWARD ·SAILINGS m.v. "ŞADERLAND"...for Shai, Dairen, Tokobama, Kobe

17th Dec. to.v. "RBEINI AND... for 'bai., Dairen, Tsingtao, Y'hama.

Kobe...

4th Jan .."LEVERKUSEN" for S'hai, Dairen, Yhama., Kobe.

14th Jan."

No claims will be admitted after the No Claims will be admitted after the Goods have left the Godowns, and all Bonds bare left the Godowns, and all goods remaining undelivered after the Goods remaining undelivered after the LOS 16th Dec, 1938. will be subject to 18th Dec, 1928, will be subject to rent All Claims against the Steamer must

All claims must be sent in to me on rent.

or before the 19th Dec, 1938, or they will not be recognized..

Damaged Packages will be examined by the Company's Surveyor, Mears. Goddard & Douglas in the presence of the Consignees at 10.00 am, on Wednes- day, the 14th Dec., 1938.

Consignees must have a Bevente Officer in attendance when any dutiable goods are examined by the Company's Surveyors.

No Fire insurance will be effected by us in any case whatever.

R. OHL,

Agezit. Hong Kong, 8th Dec., 1939.

Goods are to be left in the Godowns, before the 29th Dec, 1938, or they will All broken, chaled, and damaged be presented to the Undersigned on or

recognised. where they will be examined on 14th not be

To comply with the General Bonded Dec, 1938, at 10 am. by oor Sur veyors Messrs. Goddard and Douglas Warehouse Regulations, contignace To comply with the Generni Bonded must bares Revenus Officer in sttend- Warehouse Regulations consigneerance whan damaged durimble goods must have a Revenue Officer in are examined. attendance when damaged dutiable goods are examined

All claims must reach as before the 15th Jen 1889 or they will not be recognized.

No Insurance will be effecter.. Bills of Lading will be countersigned

JEBSEN & CO. Agenta. Hong Kong, 9th Dec, 1936.

by

[2016

(2011

All broken, abated and damaged Goods are to be left in the Godowns, where they will be examined on the 13th Dec. Mears. Carmichael 1938, at 9 am, by

& Clarke.

No Fire Insuranos has been affected Bills of Lading will be countersigned by W.B. LOXLEŸ & Co. (CHINÄ) LTD.

Agents. Hong Kong, 8th Dec., 1988,

12016

HOMEWARD SAILINGS

1.5 NORDMARK”.....for Antwerp, Rotterdam, B'berg...22nd Dee. m..SAUERLAND" for Cenos, Rotterdam, Hamborg 22nd Jan. Fraighter with Passenger Accomm&lation,

For further partionları,and, passage fares, etc., apply to-- HAMBURG-AMERIKA LINIE

JEBSEN & CO., ÁGZI'S.

19, Pedder Street, Tel. 81205-8.

CANTON AGENTS: CARLOWITZ & CO., Shakee Road.

LINE

MAERSK LINE

Faat regular FREIGHT and PASSENGER SERVICE

vis

BHANGRAI and JAPAN

ANGELES, PANAMA, NEW YORK, BOSTON

PHILADELPHIA & BALTIMORE.

If safEcient inducement offers also other parts of call.

Arrivals from RA

29th Dec. 29th Dec.

1

M.V. "NIEL MAERSK"

M.V. "ASTORIA

M.V. "PETER MAERSK "

Sailings to USA.

27th Dec.

27th Jan

(All dates are subject to alteration without notice.) EXCELLENT ACCOMMODATION FOR PASSENGES

AT MODERATE RATES.

For Freight and Fassage please apply-

JEBSEN & CO.

Canton Shamcen, B.C.

Agents. Bong Kong, Pedder Building.

Tal. 31205–6.

Tel, 1859.

Tel. 10916,

Swatow Agente: GEBR. ROESE