HONGKONG DAILY PRESS
BANKS
HONGKONG AND
SHANGHAI BANKING
CORPORATION
.....$50,000,000
Authorised Capital
THE CHARTERED
BANK OF INDIA,
AUSTRALIA &
CHINA®
US. COTTON
POSITION
Farm Programme
Results
NEW YORK-Messrs. Harriss and Vose's conspectus of the cotton
Issued & Fully Paid Up 820,000,000 Incorporated by Royal Charter, 1838 market for December states: Reserve Funds:
Sterling
£ 0,500,000 |
H.K. Currency Reserve $10,000,000 Reserve, Liability of
Proprietora
Instead of our usual market HEAD OFFICE: LONDON:
comments, we are submitting be- 38. Bishopsgate. E.C.2
low some comparative figures on ..$90,000,000 | Paid-up Capital
£1,900,000 | the results of the Government's
date. Reserve Fund
£3,000,000 || Farm Programme to
We Reserve Liability of Pro-
know figures are usually uninter- prietors........... £3,000,000 esting and it is probably, well mald
that "comparisons are
odlous." However, we hope these figures are worth considering.
Head Office: HONG KONG
Board of Directors.
T. E. Pearce, Esq., Chairman, Hon. Mr. J. J. Paterson,
Deputy Chairman.
J. E. Bousfield, Esq..
A. H. Compton, Esq.,
Ron. Mr. 8. H. Dodwell,
W. H. Lock, Esq....
G. Miskin, "Esq.,
K. S. Morrison. Esq..
Hon. Mr. A. L. Shields,
HV. Wilkinson, Esq.,
Sir Vandeleur M. Grayburn.
MANCHESTER BRANCH: 71, Mosley Street, Manchester..
AGENCIES AND BRANCHES: ALOR STAR HONG KONG PENANG PAMRITSAR ILOILO
BANDOOR BANOKOK [POS
BAJGON SEREMBAN SHANGHAI BINGAPORE BITLAWAN SOUXABAYA
BATAVIA
BOMBAY CALCUTTA
CANTON CAWNPORE
CKBO
Chief Manager.
Ainay
Branches:
Ipoh
Penang
Bangkok
Johore
Rangoon
Batavia
Kobe
Saigon
Bombay
Calcutta
Kowloon Kuala
San
COLOMBO DELHI HAIPHONG HAMBURG HANKOW HARRING
Canton Chefoo
Columbo
Dairen
Francisco Lumpur Shanghai London Singapore Lyons Sourabaya Ивідсед Sungei
Foochow Manila
Haiphong Muar
Patani
Swatew
Hamburg (Johore) Tientain
Hankow
Harbin
Hongkow Iloilo
Mukden Tokyo
41
New York Tsingtao Priping Yokohama
Current Accounta opered In Local Currency and Fixed Deposits received for one year or shorter periods in Local and other Cur- reticles on 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
KARACHI
KLANG
2003
KUALA
LUMPUR
KUCHING MADRAS MANILA W MEDAN NEW YORK P&Irixo
(Peking)
TAIPING TIENTBIN TONGKAH
(Bhuket) THINGTAO "YOKOHAMA
..
FORSION EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Que Year or shorter periods. at rates which will be quoted on application. The Bank's Head Ofice 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
The Business of the above Bank
conducted by the HONG KONG! SHANGHAI BANKING COR- An PORATION. Rules may be ob-
tained on application.
#
For the Hoxo KONG & SHANGHAI Banking CorFORATION.
V. M. Grayburn.........
Chief Manager.j "Hong Kong, 7th October, 1938, .
BANK OF EAST ASIA, LIMITED.
Authorised Capital ....$10 000,000,00↑ Paid-up Capital
,508,800.00
Reserve and Undivided
Profits
3,770,720.76
Head Office:-HONG KONG No. 10, Des Voeux Road, Central
Board of Directors...
Sir Shousen Chow, Chairman)
Li Koon Chun, Esq. · Li Lan Sanz, Esq. P. K. Kwok, Esq. WongChuson, Esq.
Wong Yun Tong, Esq. Kun Ying Po, Esq. ChanChingShek, Esq. FuagPingWah Esq.
Kan Tong Pu. Esq., Chist Manager. Li The Fong, Esq., Manager.
Amoy Babayi
Bombay Debatin
Castro Haiphong Hańkow
Honolulu Kobe
Branches and Ajoobes :---
Kowloo Penang
London
Hanlia
Melbourne Magaska New York Oska
Jangbon
Saigon
Bas Fran-
Sourabaya
Restow Sydney Talhoka cinco Tantala Beattie Tokyo
Semarang
Tancouver Shanghai Yokohama
Priping Mingapor
When the Agricultural Adjust- ment Act was approved in May 12, 1933, October cotton was 9.20 cents. Government held 2,255,000 bales; 'crop was '13,002,000 bales; exports | | were 8,426,000 bales; production of foreign growths WŁA 10,500,000 bales; consumption of foreign growths was 10.265,000 bales.
At this time. October "contracts are 7.45 cents.
Government is expected to hold 11,000,000 bales; crop is 12.008,000 bales; exports estimated 4,000,000 bales; production foreign growths is estimated at 16,250,000 bales: consumption of foreign growths is estimated at 16,340,000 bales.
GOLD VALUE DECREASE In other words, - compared to 1933, this season production of i foreign growths Increased 5.750.000 bales:
has
Consumption of foreign growths has increased 8,000,000 bales;
FINANCE :
WEEKLY RETURNS AND REPORTS
Public Deposits
BANK OF ENGLAND
Other Deposits :—
Bankers
SATURDAY.
JANUARY 7, 1939.—PAGE 13
PRESIDENT LINER
Sailings
- SAN FRANCISCO AND LOS ANGELES
VIA KOBE, YOKOHAMA and HONOLULU
S.S." PRESIDENT CLEVELAND
8.S." PRESU ENT PIERCE "
*8.8. PRESIDENT ('00) IDGE PRESIDENT TAFT"
• CALLS AT SHANGHAI
Bails Jan. 13th at Miduite.
NEW YORK AND BOSTON
8.8. "PRESIDENT VAN BÜREN" (Sails Jan 7th at 8.00 AM.
PRESIDENT HARRISON * PRESIDENT HAYES” S.S.PRESIDENT POLK"
London, January 5
1938 Dec. 29
1939 "Jan. 5
£ 15,940
(00'a omitted)
£20,500
101,030
Other Accounts ... Total
36,750
135,980 37,240
137,780
173,200
Government Securities
69,220
71,380
8.8.
Other Securities:-
Discounts and Advances
28.540
48.910
Securities
21,460
32.380
Total
50,000
71,290
Notes and Colas Total Bullon
52,470
69,030
327,200
327,100
504.730
34.13
488,070 35.63%. -Reuter.
S.S SS.
D
Notes in circulation.
Ratio of Reserve to Liabilities
FEDERAL RESERVE SYSTEM
Bills Bought
U.S. Securities held
Federal Reserve Ratio
Federal Reserve Credit Outstanding Monetary Gold Stock Industrial, Advance
LONDON METALS
EXCHANGE
London, Jan. 5.
COPPER
buyers
sellers
£
3
Our exports have declined ap- Standard, Cash 44-13/16 44-7/8
Standard, Droximately 4,500,000-bales;
Our own production has decreas- ed, 1,000,000 bales:
..
3 months 45-1/18
50 Electrolytic
45-1/8 51
Total Government holdings will
TIN have been increased 8.750,000 Standard, Cash 217-5/8 bales.
Standard
3 months 218-1/2
LEAD
1
217-7/8
218-3/4
Foreign,
The decrease in price has been 1 3/4 cents per pound, without " taking into account the difference in the gold value of October 1933
Official Price 14-778 contracts and October 1939 con-Foreign. Oficial tracts
cents of 3
per pound. Therefore. the actual decrease in 18. PINE STREET.
Kold value has been 4.3/4 cents NEW YORK. per pound.
HEAD OFFICE:
་
There are no means of comput- American Bank offering coming the appalling economic loss to plete Foreign Banking Service the South through cotton labour in the principal Markets of unemployment "incident to acreage
the world. Interest Rates on Application. “
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources over TT,S. $2,000,000,000.
D. M. BIGGAR,
Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK.
restrictions, or the cost to the American Cotton Farmer through the loss of foreign markets for the product of his labour, but the cost) to the taxpayers probably amount to well over $1,000,000,000.
DOLLAR BROTHERS SUED ON NOTE
3 months 15-1/8
SPELTER Ordinary...
Official Price 13-7/8 Ordinary, Omċin!
14-15/16
15-3/15
13-15/16
3 months 14-1/8 14-3/16
Final Afternoon Transactions Tin, Standard, Cash. £217) pald and buyers.
Tin Standard, 3 months, £218)" paid and value.--Reuter,
LONDON GOLD
London. Jan. 5.
Bar Gold, Fine per oz., 150/1. Dollar Parity, lid. premium,
Reuter
New York, January. 5.
1938 Dec 29
1938 Jan. 5
(000's omitted)
1.000
2,564,000
83.88%
1,000 2,564,000
83.79%
2,610,000.. 2,604.000
14.508.000 14,565,000
15,688,000
15.505,000
-Reuter.
Jan. 98th at 4.00 P.M."
Fab, 11th at 9/5 PM. Feb. 25th at 4.00 PM
VĨA SUEZ
"
Jan. 20th at 18-Noor
H
Feb. Brd at 12-NOON
Feb. 17th at I-NOON
MANILA
Sails
S.B. "PRESIDENT VAS `BUREN 6.S." PR SIDENT CLEVE AND $.S. “PRESIDENT HARRISON “ 8.S. * FAK- IDENT FIERCE".
Jan. 7th at 60, A.M. Jan 7th at 5.00 PM. Jan 20th at 13-NOON Jan. Sime at 1.00 A.M.
BROKERS' LOANS
New York, Jan. 5.
Loan on securities to brokers in New York:-
Week-ended
29/12/38 $681,000,000
AMERICAN PRESIDENT LINES, LTD.
ROUND THE WORLD SERVICE
FORMERLY DOLLAR STEAMSHIP LINES
12, PEDDER ST. -
TKL. 28171.
Week-ended 5/1/39 $717,000,000
-Reuter.
CONSIGNEES' NOTICES
NOTICE TO CONSIGNEES
OCEAN STEAM SHIP CO., LTD. AND CHINA MUTUAL STEAM NAVIGATION CO., LTD.
CONSIG
YONSIGNEES per Co's Vessel
"TITAN"
*** FROM UNITED KINGDOM & CONTINENTAL `PORTS TJA
SINGAPOKE
are hereby notified that their cargo' will be discharged into Holte Wharf Kowloon, where it will lie at consignees risk and subject to terms and candi- tion" of sto age at Holt's Wharf. The Cargo will be ready for delivery from Godown on and after 6th Jan.
(ptional cargo will not he landed here, unless noties has been given prior to steamer's arrival but carried on from port to port to the final port of call to which the option extends.
All broken, chafed, and damaged Roods are to be left in the Godown, where they will be examined on any Tursday and Fridays between the hours of 10.46 am. and Noon within UNEMPLOYMENT the free-torage period.
The First National Bank of Seat- tle has led sult, in the Federal District Court of San Francisco to U.S. enforce payment on note of U.S.$252.381 signed by Mr. R. Stan- ley Dollar and Mr. J. Harold Dollar, former executives of the Dollar (bour's monthly business survey re-
STILL HIGH
No claims will be admitted after the Goods have left the steamer's Godown, The American Federation of La-after the 13th Jan., will be subject to and all Goods remaining undelivered
roat.
Line, which has been reorganized ports, that although business re- All Claims against the Steamer must into the American President Lines covery from the 1937 depression be presented to the undersigned on er PAID-UP CAPITAL $40,000,000.00 under the United States Maritime has been one of the most rapid in before the 7th Jan., or they will not
| history, nevertheless ä total of 10... be recognised."
No Fire Insurance will be effected, · BUTTERFIELD & SWIRE,
Agents.
(BRANCHES ALL OVER CHINA)
Owing to our namerons Brancher
Commission.
The Bank cited that Mr. Stan-423,000 persons were unemployed
in China and connections in the ley Dollar and the Dollar estate as late as November, 1933.
principal Commercial Centres of executors had paid only US$4,000 More than 1,200,000 persons have 6th January, 1830. the World, we are able to extend on the principal. The complaint returned to work since last May, to our Clients special facilities for said the note was obtained from says the report, but the steady Domestic and Foreign Banking and the Dollar brothers two years ago growth in the United States, work- Exchange.
and was secured by stock, which ing population has added 600,000 has not yet been sold.
unemployed since September,
Head Office: SHANGHAI Hong Kong Branch:
4. QUEEN'S ROAD, C.
South China Officen:
Every description of Banking CANTON and Exchange business transacted. SWATOW Loans granted of approved SHIUCHOW
securities.
Current Accounts opened in Local
KONG MOON.. TOISHAN KINGCHOW
We also handle the issue of Bends and other Public Funds of
Currency and Fixed Deposits re- the Chinese Government both at
ceived for one year or shorter
periods in Local and Foreign Cur-Home and Abroad.
rencies
on
terms which will be
quoted on application.
Safe Deposit Boxes To Let
1]
KAN TONG PO.
Chief Manager.
THE MERCANTILE
BANK OF INDIA. LIMITED
Haad Omco:-15, Gradéchurch Street,
London, EC.3
Anthorised Empian!
Sabarthed Capital
Paid-up Capital..
Reserve Fund im eat,
BANKERS:
es, non 21,300,000 41,947,8
The Bank of England and Midland
Bank. Ltd.
BRANCHES:
Penang... Rangoc Shangha
Bangkok nomia Oshimatta Dolomho
Delhi
(pob Kaantan Kandy Kararhi Bota Bharu
Sutra Sew York
Falle flongkong Howarh
Kan Tipis
Kala Lumpur
il
Kal Trea JULIAN
Simli ungapore
HONGKONG BRANCH
Every description of Bucking and Exchange
bamines trackŤ,
Traveller Chngan Inwald,
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN.
CURRENT 4COGUNTA: Emend th Loral Cur- Fry and MIXED DEPOSIT recated I's Lend OUT, STEBLING & U, B, DOLLAES on terme that may sacerained on application.
D. BENSON,
Vanaker.
CONSIGNEES' NOTICES CONSIGNEES' NOTICES
MAERSK LINE
NOVÝCH TO 'CONSIGNEIS
SHOU J. CHEN,
Manager.
ΤΗΣ
THE H.V.
DONT FORGET
THAT WHEN
You are at Home you can get the HONG KONG
DAILY PRESS at SELFRIDGES.
On
call
NOTICE TO CONSIGNIES
OCEAN STEAM SHIP CO, LTD. AND CHINA MUTUAL STEAM NAVIGATION CO., LTD.
VONSIGNEÈS per Co.'s Vessel
SARPEDON"
ה
FROM UNITED KINGDOM VIA SINGAPORE
Holt's
NOTICE TO CONSIGNEES.
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
* m.v. * LEVERKUSEN" for S'hai, Dairon, Y'hausa,
Kobe.
14th Jan.
lat Fab.
.. RHEIN AND"... for Shai., Dairen, Tsingtao, Thams.
Kobe.....
HOMEWARD SAILINGS
*m.v. "SAUERLAND" for Genoa, Botterdam, Hamburg 2rud Jan. m.v. "RHEINLAND" for Antwerp, R'dam., Bamborg... 8th Feb, * m.v. “LAVERKUSEN" for Genca, R'dam., Hamburg... 10th Feb.
Freighter with Passenger Accommodation,
For further particulars and pamage fares, etc. apply to :--
HAMBURG-AMERIKA LINIE
JEBSEN & CO., ADËNTE
13, Pedder Street, Tel. 31205-6.
CANTON AGENTS: CARLOWITZ & CO.. Shake Rond
THE BEN LINE STEAMERS, LTD.
S.S. "BENLOMOND
"
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG and LEITH on or, about the 8th January, 1939.
1
Cargo, will also be accepted on through Bill of Lading to the usual transhipment ports.
[20
For Freight and l'assage apply
the
"Agents:
PENINSULAR AND ORIENTAL STEAM NAVIGATION Cas STEAMKE "RAJPUTANA.”
ABBITED HONG KONG ON
6TH JAN. 1930.
Fick ANTWERP, LONDON, GIBKAI - TAR, MARSEILLES, MALTA, PORTSAID, ADEN, COLOMBO AND STRAITS. CONSIGNEES of Cargo by
above-named Vessal are hereby i formed that their Goods are being loded and placed at YURIR KISZ in the Hong |Kong and Kowloon Wharf and Godown Company's Godownu at Kowloon where
the
W. R. LOXLEY & CO., (CHINA) LTD. York Building.
Tel. 34185
CONSIGNEES' NOTICES!
PRINCE LINE.
NOTICE TO CONSIGNEES.
FROM
NEW YORK, & SAN FRANCISCO.
い
CHINESE.PRINCE"
CONSIGNEES' NOTICE.
THE BEN LINE STHAMERS, LTD
11
From LEITH, MIDDLESBRO",
ANTWERP, LONDON AND STRAITS
THE &8, "BEN LEDL”
MONBIONRES of Carge are hereby
informed that all Goods are being.. landed at their risk into the hazardous.
having arrived from the above' Port and/or extra hazardons Godown of the on 3rd instant, Coningness of Cargo an HONG KONG AND KOWLOON WHARF AND hereby informed that their Goods ATS GODOWN COMPANY, LD, whence and/or being
landed at their risk into the from the wharven Delivery may be Godowns of the Hong Kong and Kowloos obtained,
be No Claime wil sämitted after the Wharf and Godown Company, Limited, Kowloon, and stored at Consiguser risk doode have left the Godowns, and al
The Goods remaining undelivered, after· the and expense,
** PETER MAERSK ** baving arrived, from New York, and Port of all, Consignees of Cargo are hereby notified that their Goods are being landed and placed at their risk into the Hong Kong and Kowloon Whart and Godown Company's
are hereby notified that their Cargo each Consignment will be sorted out Kurt T2 Motor Ve godowns at Kowloon, where
be discharged into delivery may be
by Mark and Dalivuy can be obtained as obtained as soon as the Goods are landed. Wharf, Kowloon, where it will the Goods are
larded. Optional Cargo will not be landed at Consignees risk and subject t
Optional Goods will be landed here bers, unlese Notice has been given 45 Terms and Conditions of Storage & unless instructions have been given to fears prior to vessel's arrival, but carried Holt's bar. The Cargo wil be the contray Six Hours before arrival 'Di
from
port to port to the final port of ready for Delivery from Godown on the steamer.
and after 3rd Jan. so which the option extends.
Goods not cleared within 8 days to- "Optional Cargo will not be landed cluding date of s No Claims will be admitted after the
f arrival will be subset te Goode have left the Godowns, and all bore, unles Notice has been given prior rent.
cod remaining undelivered after the to Vessel's arrival, but carried on from
No Fire Insurance will be effected by 9th Jan., 1939, will be anbject to post to port to the final port of call us in any case whatever.
to which the option extends.
Damaged Rackages wust be left it All broken, chafed, and damaged
All broken,
‚chased and damaged foods the Godowns for examination by the Goods are to be left in the Godowns, are to be left in the Godowns, where they Consignres, and the Company's surveyor, All Claber must be presented within not be recognized. where they will be examined on 712 will be examined on any Tuesdays and Mears, GOSDARD & Dodolás, at. 16 to.
1b Days of the Vessel's rival here, Warehouse Regulations, consignsen To comply with the General Bonded Jan., 19:8, at 10 ... by our
Fridays between the hours of 10.45 a
after whisk date they cannot be re- and Thursdays, within the on Mage period.
must have a Revents Oficer in attend- And Noor within the Free Storage perind. Free
Doguised. Surveyor Capt. Walter C. Weston,
No Claims will be admitted after the
when No Claims will be admitted after the
damaged dutiable goods with the fleneral Bonded comply
Consignees are specially notified that Warehouse Hegulations, consigners must Goods have left the Vessel's Godown it is necessary for a Hevenne Officer to Goods have left the Godowns, and all examined.
Ali broken, shaled and datinged Goods bave & Revenue Officer in attendance and all Goods remaining undelivered be present at the examination of damaged Goods remaining undelivered after the
are to be left in the Godowns, where when damaged dutiable goods ar
after the 10th Jan., will he subject to datible.
10th inst., will be subject to Bent.
they will be examined on the 10th Jan axamined.
No Fire Insurance has been affected. Bills of Lading will ur roulersigned 1820, at 9 am, by Mesara, Carmichael
& Clarke. by
Rent.
Το
B
"All claims must reach us before
the 9th Feb, 1929, or they will not be recognized.
No Insurnace will be affected, Billa of Lading will be countersigned ta
JCBSEN (!",
Agent. Hoog Kore, 3rd Jan., 1939.
Beat
All Claims against the Vessel must be presented to the Undersigned on or hefore the 24th Jan, or they will not be rocógained.
No Fire Insurance will be affected.
BUTTERFIELD & SWIER
Agents.
16 3rd January 1830.
#
All Clairus against the Steamer mur! be presented to the federsigned on o before 28th Jan, 1939, or they will not be recognised.
No Clain will be admitted after the Goods have left the Godawn. MACKINNON, MACKENZIE & Co.
Agents '(18 | Hong Kong, 5th Jão., 1929
[17
All broken, chafed, and damaged Gozde 12th Jan, 1939, will be subject to rent, All Claims against the Blaumar must are to be left in the Godowns, whale be presented to the Undersigned on er they will be examined on Monday, before the 20th Jan., 1930, or they will 9th inst., 1838, at 10 A.M.
FURNESS (FAR EAST), LTD..
2nd Floor, Hongkong & Shanghai Bank Building Dials 20165 & 28169. Bong Kong, 3rd Jan, 1939.
[11
co
are
No Fire Insurance has been affected Bill of Lading will be countersigned by -, W.B. LOXLEY & Co (CHINA) LTD.
Agenta,
Bong Kong, 5th Jan. 1989-
No comments yet.
Private notes are available after approval.