1939-01-03 — Page 13

ONOPRUNG DAILY PRESS

BANKS

HONGKONG AND

SHANGHAI BANKING

CORPORATION

Authorised Capital $50,000.000

THE CHARTERED

BANK OF INDIA,

AUSTRALIA &

CHINA

GENERAL

BID TO REVIVE LANCASHIRE

COTTON INDUSTRY

Released last week was a bid to revive the industry by the Joint Committee of Cotton Trade Organisations, a long memorandum on present dificulties, together with the amended draft of a proposed Cotton Industry Enabling Bill, which the Committee believes might

Isaurd & Fully Paid-Up 320,000,000 Incorporated by Royal Charter, 1856 | enable shattered markets to be rebuilt. Reserve Funds:

Sterling

24

......0,500,000 HEAD OFFICE: LONDON:

H.K. Currency Reserve $10,000,000 | 38. Bishopsgate EC.2.

Renerve Liability of

Proprietors

.820,000,000 Paid-up Capital

Head Office:-HONG KONG

Board of Directors.

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

Deputy Chairman:

J.. K. Bousfield, Esq.,

A. H. Compton, Esq...

Hon. Mr. S. II. Dodwell,

W. H. Lock, Esq..

G. Miskin, Esq..

K. S. Morrison, Esq..

Hon. Mr. A. L. Shields,

Sir Vandeleur M. Grayburn,

Reserve Fund

Reserve Liability of Pro- prietors....

£3,000,000 £3,000,000

£3,000,000

MANCHESTER BRANCH: 71, Mosley Street, Manchester.

AGENCIES AND BRANCHES: ALOH STAR HONG KONG PENANG AMRITSARE 110110

RANGOON ВАНОКОК IPOR

·SAIGON KARACHI XLANO

ROL KUALA

H. V. Wilkinson, Esq.,

BATAVIA BOMBAY CALCUTTA CANTON

Chief Manager.CEBU

CAWNPOR

Branches:-.

COLOMBO DELKI

LUMITEL XUCHING MADRAS

MANILA

Amoy

1pch

KAIPHONG

MEDAN

Bangkok

Johnre Rangoon

BAMBURG

Batavia

Kobe

Saigo

Bombay

HANKOW HARBIN

Culcutta

Kuala

Cunton

Chefoo

Colombo Lyons

Kowloon San

Francisco Lumpur Shanghai London Singapore

Sourabaya

Dairen Matacen Sungei

Fuchow Manila

Haiphong Matt

Patani Swatow

Hamburg (Jobre) Tientsin Hankaw Mukden Tokyo

New York Tsingtan Priping Yokohama

Harbin Hongkew finilo

* patter

Current Accounts opened in Local Currency and Fixed Deposits received for one year or shorter periods in Local and other Cur- rencles cn terms which will be quoted on 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 nhove Bank conducted by the HONG KONG

SKREMBAN

SHANGHAI SINGAPORE SITIAWAN BOURABAYA TAIPING TIENTAIN

TONGEAN

(Banket) TRINGTAO YOKOHAMA

BARTER SYSTEM

ADVOCATED

H. K. STOCK

EXCHANGE

Dec. 31, 1938 The market opened and re- mained firm with many enquiries When the Committee, at the re-at improved quotations. In sym- quest of the Prime Minister, arst pathy with another improvement drafted & Bill for presentation to in the Lordon fate for HK. Banks

Parliament last spring, ita pro the local price registered a further posals met with strong resistance gain business being transacted at from some sections of the indus- 31465. try which fought bitterly against any proposals for pools, quotas and In the amend-

Preventing Loss Of variable subsidies.

Balkan Market

Unless democratic countries adopt Germany's barter trading technique, the Reich will soon completely control trade in central and eastern Europe. according to opinions of for- cian economic experts made public by the U.S. National "Industrial Conference Board,

ed Bull, most of these features sur- vive.

The memorandum asserts that the main cause of the trade's plight is the commercial methods adopted by the totalitarian States in their attempts to oust other na- tions from their old-established markets.

CAPITAL DISSIPATED

menace

As the Committee sees the pro- *Germany," report by the blem, Lancashire has

2

been dis- board on the un-named foreign

reserves sipating its capital and experts findings says, "having al-in. a hopeless struggle to quote ready absorbed Austria and parts over prices than its, foreign com- of Czechoslovakia, is now dement-petitors. To meet this ing her political and economie properly the Bill proposes that the bonds with Hungary. Poland. entire resources of the industry be Yugoslavia and the Balkan states.mobilised and unified. It will en- Since these countries, united as able prices to be stabilised and' German economic bloc, can pro-revent undereutting. cuce practically all the primary

NEW YORK PRITING

(Peking)

FORLION EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FINED DEPOSITs received for One Year or shorter periods at rates which will be quoted on application agricultural and Industrial com- How badly bold measures are!

The Bank's Head Office

modities their trade with western needed was shown in the annual Landon undertakes Executor and

Horrockses, Crewdson Trustee business, and claims Furope and the Americans may report of

be replaced by commerce and Co. Ltd., doyen of the cotton of British Income Taxon

tmde. A proßt of £26,985 in 1937 overpaid, on terms which may be between themselves.

had been turned into a trading certained at any of the Agencies and Branches.

loss of £49.525.

R. A. CAMIDGE,

covery

In

Manager.

THE CHASE BANK

15. QUEEN'S ROAD CENTRAL

HEAD OFFICE:

13, L'INE STREET,

NEW YORK.

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

& SHANGHAI BANKING COR- An PORATION, Rules may be nh 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...810.000,000.00)

Paid-up Capital

Reserve and Undivided

Profits

F

SAFE DEPOSIT BOXES

MUST SCRAP POLICY

The United States and

..

GRGENT WARNING

other countries can avert the less of these Important markets only by

The Committee gave the urgent strapping their present policy of warning: "Unless the Bill reaches Book early in 1939. extending credit primarily for the the Statute

sale of their own goods. Instead, Lancashire may have passed be- they must adopt the German bar-vond the possibility of recovery by ter system of first agreeing to buy the measures now paposed." foreign goods and then their own goods in exchange."

offering

In addition, the democracies must lower their tariff horiers

Critics point out that cotton's deeline dated back to a time when totalitarianis was a rarity and smpetition In the main came against Imports from fascist coun- from other countries. Biggest th

mease in exports had come, not tries and conclude reciprocal trade agreements if they are to competerem Germany and Italy, but from for their share of central and east-

Japan and India.

ern European commerce, according to the repart.

i

This Bank is entirely owned by ARGENTINA WAGES

THE CHASE NATIONAL BANK New Your, with Resources over 158. 82,500,000,000.

D. M. BIGGAR,

Manager.

1,508,600.00

2,776,728.76

2

BANK OF CHINA

THE

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

Board of Directora:

Bir Shousen Chow, Chairman

Li Koon Chun, Esq. Li Lan Sang, Esq.

WongChusou, Esq. P. K. Kwok, Esq. Wrap Yun Tong, Esq. Kan Ying Po. Esq. ChanChingBhek, Eng. FangPingWah Esq.

Kan Tong Po, Esq., Chief Managor. Li The Fong, Eng, Manager.

Azoy Dataviu Bossiny Osicalia

Cantin

the party

H

Kancinju

Kobe

Branches and Agencies:-—---

Kowloon Jenah

Londo

Hania Melbour Nagnanka New York

Qucka

Juri

Bourabaya Hangbon Hwalow Halgon

Sydney San Fran. Taihoku

cinco tel

Seattle Takin Зезавод

Yasemaver Yokalınma

Shanghai

Puplex Mingapore

Specially Chartered by NATIONAL GOVERNMENT

OF CHINA AS AN

· INTERNATIONAL EXCHANGE

BANK PAID-UP CAPITAL $40,000,000.00° (BRANCHES ALL OVER CHINA),, "Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to our Cliente special facilities for Domestic and Foreign Banking and Exchange.

Head Office: SHANGHAI

Hong Kong Branch:

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

Every description of Banking CANTON and Exchange business transacted. SWATOW Loans granted

securities.

KONGMOON TOISHAN KINGCHOW

approved SHIUCHOW on

We also handle the issue

of

WAR ON LOCUSTS

Ravages of locusts have caused such heavy damage in Argentina that the President has asked for

additional appropria.- tion of $3.240,000 to combat the pests.

an

TWO MILLION .SURPLUS

Hongkong Treasury figures released on Saturday, and covering the period January 1 to November 30, reveal that a surplus rexeque. of well over $2.000.000 is now assured.

Total revenue to November 30 He announced in Buenos Aires (was $33,536.340 (against the cstt- that the money would be used to mate for the whole year of $30-254, purchase nearly 27,000,000 feet of 920) and expenditure totalled 531, corrugated iron barriers. 5,000 198,177,09 against the year's esti-

chemicals andmates of $33,378.549). flame throwers,

other accessories. The barriers will cost nearly $2,000,000.

Under all heads of revenue ex- cept the Harbour Office, there has been a substantial increase on the estimates.

Buyers

Hongkong Bank, $1450. Canton Insurance, $210. HK. Fire Insurance, $175. Douglases, $834.

HK. & K. Wharves, $115. HK. Docks (Old), $18.80. HK. Docks (New), $17.60. Providents (Old), $8.35. Providents (New), $5.15.. H& S. Hotels, $0.80. H.K. Lands. $381.

HK. Realties, $5.20. HK Tramways, $174.

China Lights (C/Rights); $91. Chira "Lights Rts, $3.65. HK Electrics,$57). Macao Electrics, $17. Sandakan Lighia, $104. Telephones (Old). $23. Cements, $15.

H.K. Ropes, $4. Dairy Farms, $24. Watsons. $7.90. Entertainments, $7.05.

H.K. Govt. 4% Loan. 677pm. HK Govt. 31% Loan. par.

Sellers

Hongkong Bank, $1470. Union Insurance. $185." China Underwriters, $0.70. H.K. Steamboats, $18. HK. Docks (Old), $19. H.K. Docks (New), $18. Providenta (Old), $6.40. Raubs, $9.35.

H. & S. Hotels, $7.

HK Lands, $31.

China Lights Rts, $3.70. H.K. Electrics, $58. Cements. $16.

1

Dairy Farms, $24.30, Watsons, $8.20. Lane Crawfords, $8. Constructions,, $1].

Sales

Hongkong Bank, $1425)40. H.R. Tramways, $17.45. China Lights Rts. $3.70. Watsons $6.

Entertainments, $7.10.

(Prices below In Phil currency)

Antamoks Ps., .55

Atoky Pa., 261

Bagulo Gold Ps... .231

Benguet Consol Ps., 14.20 Coco Grove Ps., .51

Consolidated Mines Ps.. 003 LXL PS, 85

Paracale Cumaus Pa., 13 San Mauricio Pa, 1.78 Suyoc Consol Ps 194 United Paracales. Ps.. .82

יי

P.I. GOLD OUTPUT IN SIX MONTHS

The US. department of com-

merce reports that gold production In addition, the farmers have purchased nearly 135,000,000 feet

In the Philippines during the first uf corrugated sheets in the last

November's figures of reverie half of 1938 totalled 436,754 ounces, Sliver five years to be used as barriers. showed an increase on November valued at U.S.$15,087.002. The President pointed out that of last year of some $300.000, in output was 531,336 ounces, worth eventually at least 27,000,000 feet spite of the sharp falling off in $338.209, and copper was 2,680.658 of Barriers would be bought yearly. 'K.C.R. and P.O. receipta.

pourids, valued at $15,656,280.

CONSIGNEES' NOTICES CONSIGNEES' NOTICES{CONSIGNEES' NOTICES

CONSIGNEES' NOTICE.

Current Accourts opened in Local Currency and Fixed Deposits re Bonds and other Public Funds of THE BEN LINE STEAMERS, LTD. 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

น

KAN TONG PO,

Chief Manager, i

SHOU J. CHEN,

Manuger

THE BEN LINE STEAMERS, LTD.

S.S. "BENLOMOND"

Sailing for LONDON, · ROTTERDAM,

FROM LEITH, MIDDLESBRO", ANTWERP, LONDON, STRAITS & MANILA..

THE S.S." BENLOMOND"

RICKMERS LINIE

NOTICE TO CONSIGNEES.

THE

THE S.S.

"URSULA RICKMERS” 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 Hong Kong & Kowloon Wharf Godown Company's godowns at Kowloon, where delivery may be obtained as soon as the goods are

ONSIGNEES of Cargo are hereby CONSIGNEES Gosteronin paine

NOTICE TO CONSIGNIAS

AND

OCEAN STEAM SHIP CO., LTD.

"CHINA MUTUAL STEAM

NAVIGATION (CO., LTD.

YONSIGNEF8 per Co.'s Vessel

"MENELAUS"

FROM UNITED KINGDOM TIA BINGAPORE

into Hall

landed at their risk into the hazardous! Optional cargo will not be tanded are hereby notified that their Cargo and/or extra hazardous Godowns of here, unless notice has been given 48 will be discharged the Hong Kong and Kowloon Wharf hours prior to vessel's arrival, but Wharf, Kowloon, here it will lie and Godown Co., Ltd., whence and/or carried on from port to port to the Consignees' risk and subject to from the wharves Delivery may he final port of call to which the option

extende,

Holt's Wharf The Cargo will be Terms and Conditions of Storage at

'TUESDAY, JANUARY 3, 1939.-PAGE 13

PRESIDENT LINER

Sailings

SAN FRANCISCO AND LOS ANGELES

VIA KOBE, YOKOHAMA AND HONOLULU

N.S." PRESIDENT CLEVELAND". Sails Jan. 13th at Midnito S.S.PRESIDENT PIERCE "

Jan. 27th us 4,00 P、M.

18.8. * PRESIDENT ( QOLIDGE *

• CALLS AT SHANGHAI

17

Feb. 11th at 9.00 P.M.

";

NEW YORK AND BOSTON VIA SUEZ

S.8. “PRESIDENT VAN BUREŃ" Sails Jan 6th at 12—NOON SS PRESIDENT HARRISON".

Jan. 20th at 12-Noor

11

8.S."PRESIDENT HAVES " SS. “ PRESIDENT FOLK”

Fub. 3rd at 12–Noon

་་

11

Feb 17th at 12-Noor

MANILA

Sails

Jan. 8th at 12-Noon Jan 7th at 5.00 P.M. Jan, 20th at 12-NOON Jan. 21st at 1,00 AM.

S.S.PRESIDENT VAN BUREN " S.S." PRESIDENT CLEVELAND " MS. "PRESIDENT HARRISON"

PRESIDENT PIERCE"

8.

AMERICAN PRESIDENT LINES, LTD.

ROUND THE WORLD SERVICE FORMERLY DOLLAR STEAMSHIP LINE-

12, PEDDER ST.

THE

SIRAM” 8.3. "HELLAS" *..." HELIOS" *., HIRAM"

TEL. 28171.

CHINA-SIAM

LINE.

HONG KONG-BANGKOK

leaving Hong Kong 3rd January via Swatow leaving Hong Kong 11th January via Swatow leaving Hong Kong 18th January via Swatow leaving Hong Kong 29th January via watow HONG KONG-SWATOW-AMOY

Accepting Passengers & Cargo for all the above metioned ports, HONG KONG-SINGAPORE-PENANG-RANGOON

1.8.

"HAI LEE"

Regular Express Service

leaving Hong Kong

1st February

Accepting cargo for all the above mentioned ports

Excellent passenger accommodation available.

For freight, pasiage rates and all other information-Apply to; -m THORESEN & CO., LTD.

General Agents.

Tel. 30237.

Queen's Building.

HAMBURG-AMERIKA LINIE

Far Eastern Mail. Passenger & Freight Service

Through bookings to America via Europe and Europe via America,

Bookings around the world. Through bookings to London

OUTWARD SAILINGS

8.8. “ PREUSSEN”.......... for Shanghai, Dairen, Tsingta Ja

Yokohama, Kobo

* m.v. "LEVERKUSEN" for S'hai., Dairen, Yhama., Kobe

14th Jan. "m/v. "RHEINI AND"... for Shai., Dairen, Tsingtao, Y'hame.

Kabe.....

...lat Feb.

HOMEWARD SAILINGS

*in.v. SAUERLAND" for Genoa, Botterdam. Hamborg 22nd Jan, mv. "RHEINLAND" for Antwerp, R'dam.. Hamburg... 8th Feb.

* m.v. * LAVERKUSEN" for Genoa, R'dam., Hamburg... 20th Feb.

* Freighter with Passenger Accommodation.

obtained

No Claims will to admitted after the No claims will be admitted after the ready for Delivery from Godown on Goods have left the Godowns and all Goods have left the Godowns, and all sud after 28th Dec. Goods remaining undelivered after the goods remaining undelivered after the Optional Garge will not be landed LOS 2nd Jan., 1939, will be subject to 3rd Jan., 1934, will be subject to here, unless Notice has boas given prior to Vessel's arrival, but sarried on from

rent.

rent

All Claws against the steamer muat All broken chafed, and damaged port to port to the final port of call presented to the undersigned on or Goods are to be left in the Godowns, to which the option oriends.

All broken, shafed and damaged (foods. before the 16th Jan, or they will not where they will be examined on 31st

here they be recognized.

will be examined on any To comply with the General Bonded Surveyors Messrs Goddard and Fridays between the hours of 10,45

be

· ANTWERP, HAMBURG and LEITH on about the 9th January, 1939.

ог

ין

Cargo will also be accepted on through Bill

of Lading to the usual transhipment ports.

For Freight und Passage upply

to the Agents:

W. R. LOXLEY & CO., (CHINA) LTD.

Tel. 84103

York Building.

Dec., 1938, at 10 am, by our are to be left in the Godsdays and Warehouse Regulations, consignees comply with the General Borded and Noor the Free Storage period

wust

For further particulars and passage faces, etc, apply to p

HAMBURG-AMERIKA LINIE

JEBSEN & CO., AGENTS.

12, Pedder Street, Tel. 31205-8.

JANTON AGENTS: CARLOWITZ & CO., Shakee Road,

MAERSK LINE

Fast regular PREIGHT and PASSENGER SERVICE

via

HHANGHAI and JAPAN

ANGELES, PANAMA, NEW YORK, BOSTON

PHILADELPHIA & BALTIMORE.

If sufficient inducement offers also other parts of call.

Arrivals from UBA,

No Claims will be admitted after be

18th Jap. 26th Jan.

M.V. "PETER MAERSK” M.V. "GERTRUDE MAERSK?

must have a Revenue Officer in atten dance when damaged dafishle goods Warehouse Regulations consignees Gloods have left the Vossal's Godown are examined.

have a Revenue. Officer in All broken, chared and damaged attendance when damaged dutiable and all Goods remaining undelivered after the 4th Jan., will be subject to Goods are to be left in the Godowns goods are examined. where they will be examined on the All claims must reach us before the Rent 30th Dec, 1988, at 1a.m.hy Messrs. 3rd Feb, 1938, or they will not be be presented to the Underrigned on or All Claims against the Vessel mast Carmichael & Clarko.

recognized.

before the 18th Jas, or they will not No Fire Insurance has been affected. No Insurance will be effected. Bills of Lading will be countersigned Bills of Lading will be countersigned No Furs Insurance will be glected.

be recognised.

JEBSEN & CO.,

BUTTERFIELD & SWIRE Agenta

Agente [2061 Hong Kong, 8th Dec, 1838., [2053 28th December, 1938.

by

by

Ŵ. R. LOXLEY & CO. (CHIȘA), LTD.

Agents. Hong Kong, 26th Dec, 1939.

12067

M.V. "GRETE MAÐRŠK””

Bailings to U.S.A.

$7th Jan.

10th Feb.

27th Feb.

(All dates are mbject to alteration without notice) EXUELLENT ACCOMMODATION FOR PASSENGERS

AT MODERATE RATES.

For Freight and Passage please apply 1---

JEBSEN & CO.

Canton Shameen, B.U. Agenta. Hong Kong, Peddgg Building

Tel 10916.

Tel 31205-9 Syslow Agents: GEBR, ROESE - Tel. 1667.