1939-03-16 — Page 13

HONGKONG DAILY PRESS

BANKS

HONGKONG. AND

SHANGHAI BANKING

CORPORATION

t

850,000,000

THE CHARTERED

BANK OF INDIA, AUSTRALIA & CHINA

Issued & Fully Paid Up $90,000,000 facorporated by Royal Charter, 1858

Authorised Capital

Reserve Funds:

Sterling

£8,500,000 Paid-up Capital B.K. Currency Reserve $10,000,000 Reserve Fund. Reserve Liability of

Proprietors

.$20,000,000

Head Office:-HONG KONG

Board of Directora. Hon. Mr A, L. Shielda,

W. H. Lock, Esq.,

Chairman.

Deputy Chairmas.

J. K. Bousfeld, Esq., A. H. Compton...Esq.. Hon. Mr. S. H. Dodwell,"

D. F. Landale, Esq.,

G. Miskin, Esq..

K. S. Morrison, Esq.,

Hon. Mr. T. E. Pearce,

H. V. Wilkinson, Esq.,

Sir Vandeleur M. Grayburn,

Chief Manager.

£3.000.000 £3,000,000

£3,000,000

Reserve Liability of Pro- prietors.... HEAD OFFICE: LONDON: 38. Bishopsgate EC.2. Sub-Agencies in London: 117/122. Leadenhall Street, EC.3.

West End Branch: 14/18. Cockspur Street, S.W.1. Manchester Branch:

71, Mosley Street, Manchester.

AGENCIES AND BRANCHES: ALOR STAB

HARRIN PENANG AMRITSAR. BUNG EONO RANGDON BANGKOK

ILOILO MAIGON BATAVIA IPOR BOMBAY

CALCUTTA

KARACHI

KLANG

AGENCIES: KOBE CHTE STUNT

PARIR PLACK KUALA

CANTON

LUMPUR

Branches:-

Amoy

Ipoh

Penang

Bangkok

Johore

Rangoon

CAWNTORE

КЕСЯТКО

Batavia

Kobe

Saigon

Cau

MADRAS

Bombay

Kowloon

San

COLOMBO

MANILA

DELHI

MEDAN

Calcutta

Kuala

Canton

Chefoo.

Colombo

Dairen

Francisco

Lumpar Shanghai

London "Singapore Lyons Sourabaja Malacca Sungei

Foochow Manila Haiphong Muar

Patani Swatow

Hamburg (Johore) Tientsia Bankow Mukden Tokyo Harbin New York Tsingtao Hongkew feiping Yokohama

Too L

HAIPHONG

HAMBURO HANKOW

SEREMBAN BHANGHAI SINGAPORE BITIAWAN

·BOURABAYA TAIPING

TIENTHIN

TONGKAH

(Bhuket)

TEINOTAO

NEW YORK YOKOHAMA

PRIPING

(Peking)

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNT opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNTS also opened in

Current Accounts opened Local Currency and Sterling with Local Currency and Fixed Deposita received for one year or shorter periods in" Local and other Car-

interest allowed at rates obtainable on application.

The Bank's Head Office in repcles on terms which, will be London undertakes. Executor and quoted on application.

Trustee business, and claims re Also up to date Safe Deposit|covery of British Income Boxes in various sizes To Let.

Hong Kong, 13th Mar. 1939.

HONGKONG SAVINGS

BANK

The Business of the above Bank rennducted by the HONG KONG

A SHANGHAI BANKING COR- Rules may be ob PORATION.

tained on application -

For the HONG KONG & SHANGHAI BANKING CORPORATION,

V. M. Grayburn.

TAX joverpaid, on terms which may be ascertained at any of the Agencies and Branches.

JJ

R. A. CAMINGE,

15, QUEEN'S ROAD CENTRAL

H.K. STOCK

EXCHANGE

The market continued" stendy, i prices being well maintained and buyers predominating for most of the popular counters

BUYERS

Hongkong Bank, $1400. Bank of East Asia, $80. Canton Insurance, $225. H.K. Fire Insurance, $190, Douglases, $874.

HK Docks (New), 318). H. & S. Hotels, $61,

H.K. Tramways, $16.90. Yaumati Ferries (Old), $244. Yaumati Ferries (New), $231. H.K. Electrics, $581. Sandakan Lights, $11.10. Canton Ices, $1. H.K Ropes, 34.10. Watsons, $9.06.

Wing On (H.K.), $48. Entertainments, $7.

Vibro Filing, $7.10. H.K. Govt. 4% Loan 45% pm. H.K. Govt, 3% Loun par.

SELLERS

Unior Insurance, $485. H.K. Tramways. $17.15. China Lights (New), $6. Macao Electrics, $184. Cements, $143.

SALES

Union Insurance, $480, H.K, Docks (Old), $194. H. & S. Hotels, $6.851⁄2 H.K. Tramways. 516.90. Dairy Farms, $261.

Vibre Pilling, $7.30

Philippine Mining Stocks Antamoks' Ps., .44" Atoks Ps.. 40

Bagute Gold Ps., .28 Benguet Consolidated Ps., 13.50 Coco Grove Ps.. .461 Demonstrations Ps., 124 I.X. L. Ps.. .66 Paracale Chumaus Ps. .16 San Mauricio Ps., 2.15 Suyoe Pa.. .21 United Paracale Ps.. 78

HONGKONG

SHAREBROKERS'

ASSOCIATION

Volume of Business Transacted

on Wednesday, March 15, "

No. of

Price STOCK

Shares

'300 -$10.25

4

Manager.

THE CHASE BANK

H.K. Docks (0)

100 19.35

(N)

100 18.50

Lands

100

China Lights (N)..

400

18, PINE STREST,

NEW YORK.

500

36.60 5.75 6.00

200 5s/8d

7.000 P50.8 1,000 Pa.2.20

HEAD OFFICE:

Chief Manager. An American Bank offering com

plete Foreign Banking Service in the principal Markets of the world.

"

Hong Kong, 25th Feb., 1999. BANK OF EAST ASIA, LIMITED

Authorised Capital $10.000,000,00 Paid-up Capital ....... 3,698,600.00 Reserve and Undivided

Profits

2,887,932,01

Head Office:-HONG KONG

No. 10, Des Voeux Road, Central.

41

Board of Directors:

Bir Shonson Chow, Chnurunath

Li Kosh Chun, Kaq. Li Lun Sang, Esq.

P. K. Kwok, Eng.

WongChuSon, Eng.

Wong Tun Tong, Esq. Kan Ying Po, Esq., ChanChingBbek, Ern. FungPingWah Eq.

Kan Tong Po, Esq., Chief Manager.

Li Tse Fong, Esq., Mannger.

Amoy

Batavia

Bombay

- Branches and Agencies (---.

PERNIK Siapapore

Oledtin Halphong Haskow Homolni Kabe

Kowloon

Landon

Kanila Helbourne

-Nagnarka

Now York Parin

Hangoots

Sadzan

San Fran

Badrabaya

Sydney

cod Tientain

Seattle Vancouver

Semarang

Printing Shangha

Interest Rates on Application.

SAFE DEPOSIT BOXES

Proyidents (01 Marsman (H.K.) United Paracale San Mauricio

FINANCE

$10,000,000 ORDER

American Planes For Britain?

Europe's rearmament race has brought an order for 200 advanced combat-trainer airplanes for the British air forces so the North American Aviation, Inc, California, at a cost of $10,000,000 (US), ac- cording to reports in Los Angeles financial circles.

1

Squad, Leader James "Addams, of the British Royal Air Force, who has been in Southern California for seme time in the Interests of British aviation, referred inquiries tu plant officials, who in turn sald any announcement would have to come from London. Similarly, at- tention was called to the lid of secrecy clamped on Southern Call- fornia aircraft factories by the United States War Department.

The order is a duplicate of one placed last June by the British Air Ministry for 200 combat-trainers, at a cost of $8.000.000, of which

about one-third have been deliver- ed to England.

No:th American Aviation, Inc. is understood to be producing its NA-

AFFORESTATION PROGRAMME IN

KIANGSI

NANCHANG, Mar. 15 (Central) -The afforestation programine in Kiangsi has been successfully put tato operation by the Institute of Agriculture.

Since the beginning of the Sino- Japanese hostilities, emphasis has been laid upon the production of timber useful for military purposes.

Statistics show that 9,317,730 trees were planted in 1937 and 2,078,503 in 1938, while seedlings planted in 1937 numbered 18,098, 653 and in 1938 numbered 0,294. 836.

Efforts will be exerted hereafter to encourage the planting of trees by private interests on a co-opera- tive basis. Virgin forests will be- Investigated and exploited. "Pro- ducation of timber suitable for the construction of seroplanes will be particularly encouraged,

ENOUGH COAL FOR WORLD'S NEEDS MIAMI Mar. 14 (Renter) — Admiral Byrd states, in the course

18 model for the British, which re-or a copyright interview with the classifies them in England' as the "New York Daily News" that he Antarctic another preparing Harvard type "advanced trainer, is England also is acquiring 200 bom-" trip and that he soon expects to bers from Lockheed at a cost of claim a million square miles for $18.000.000 under an order placed the United States. last June.

He adds: "I know there are mountains there with a coal sup- ply sufficient to take care of the the world for some

France's Interest in Southem California aircraft was revealed in January when a highly secretive needs of United States experimental bomber.time.” *** crashed at Inglewood with a French Air Ministry observer abound.

NOTICE TO CONSIGNEES

The first group of 200 bombing CONSIGNÉES' NOTICES planes ordered by the British govemment from the Lockheed Aircraft Corporation was shipped in February to England on the liners "Andania" and "Aquitania" Deliveries have not started on the 200 North American training planes ordered by the British.

OCCUPATIONAL ACCIDENTS

IN THE U.S.

PENINSULAR AND ORIENTAL STEAM NAVIGATION Co.'s

"

STEAMER CORFU.""

ARRIVED HONG KONG ON

15TH MAR, 1939,

From ANTWERP, LONDON, GIBBA!. TAH, MARSEILLES, MALTA, PORTBAID, ADEN, COLOMBO

AND STRAITE. YONSIGN RES of Cargo by the above-named Vessol are hereby in According to reports received from the operating companies by the formed that their Goods are being landed. Bureau of Mines in the United and placed T TIM ISE in the Hong Kong and Kowloon Wharf and Godown States Department of the interior.

Company's Godowns at Kowloon where accidents at metal and non-metalach Connigament will be sorted out Mark mines, other than coal mines, Inby Mark and Delivery can be obtained sa

the Goods are landed. the United States, during '1936. resulted in the death of 199 emplo- yées, and in 14.500 "lost time" injuries. The

as industry.

2 whole, employed 100,932 men-an increase 13.50 of 8,818 over the previous year-and the total employment was equal to 202,000,000 man-hours-an increase or 41,000,000 man-hours. compared with 1935.

Philippine Gold Mining Quotations

Wednesday, March 15. 43 .391

Antamoks Atoks

Coco Grove Demonstrations

LXL

28

Baguio Gold Benguet Consol.

47

14

66

Paracale Gumaus

18

San Mauricio

2.15

Suyoc Consol.

201

Manager.

United Paracales

77

Market Comment-Steady.

This Bank is entirely owned by Tuk CHASE NATIONAL BANE, NEW YORK, with Resources over U.S. $2,500,000,000.

D. M. BIOGAR,

SHIPS FOR ROYAL YUGOSLAV NAVY

The destroyer Beograd, building for the Royal Yugoslav Navy, has

NEW COMPANY

Copper-mining companies report- ed an increase of 57 per cent. in the number of man-hours worked, and an increase in accidents from a rate of 66.6 to 81.9 per million man-hours of employment.

Non-metallle mineral mines (not including coal mines) increased

Optional Goods will be landed here unless instructions have been given to the contrary Six Hours before arrival of the steamer.

Goods not cleared within 8 days in. elnding date of arrival will be subject to. rent

No Fire Insurance will be effected by de în sxy cos whatever.

Damaged Packages must be left in the Godowns for examination by the Consignees, and the Campany's surveyors, Messrs. GODDARD & Douglas, at 10am. on Mondays and Thursdays, within the Free Storage period.

Consignees are specially notified that it is neceamry for a Revenue Officer to be present at the examination of damaged dutiable

OUTRO.

John Manners & Co, man-hours worked by 33 per cent.. before 5th April, 1939, or they will

(London) Ltd.

A new company, Messrs. JOHN

with a reduction in accidents from 48.6 per million man-

50.7.. to hours.

All Claims against the Steamer must be presented to the Undersigned on or not be recognised.

No Claims will be wimitted after the Goods bave left the Grdown2 MACKINNON, MACKENZIE

Agence.

completed a successful full-power MANNERS AND CO. (LONDON). RISE IN JAPAN'S Hong Kong, 16th Mar. 1938

trial on the Clyde. During an eight-hour continuous trial, the high speed of over 38 knots was maintained.

The machinery and boilers of Every description of Banking the vessel have been designed and and Exchange business transacted, constructed by Messrs. Yarrow and Lemos granted

Limited, Scotstoun, approved Company. on -reunities...

Glasgow, W.4.'

Current Accounts opened in Local This Arm is also constructing the

Currency and Fixed Deposits remachinery and boilers for the two ceived for one year or shorter periods in Local and Foreign Car-sister ships, Zagreb and Ljubljana, rencies terras which will be the hull of which are under con-

struction at Split, Yugoslavia. quoted on application.

Da

Safe Deposit Boxes To Let

Chief Manager. CANADA'S NEWSPRINT

KAN TONG PO,

BANK OF CHINA

PRODUCTION

Newsprint paper made up 84.5 Specially Chartered by per cent. of the total reported toni- THE NATIONAL GOVERNMENT 1ge of paper manufactured in

་

OF CHINA ABAN· INTERNATIONAL EXCHANGE

BANK

Canada in 1937. Newsprint amounted to 3,673,800 tons valued

has

Ltd., of 37, Walbrook, E.C.. been formed as a separate entity LIVING COSTS trading to carry on the London'

TOKYO, (Reuter By Mail-AC- John u! "Messrs.

Manners and Co., Ltd., of Hongkong.

cording to a survey by the Cabinet Canton.

Statistics Bureau relating to the Foochow, Swatow and elsewhere in China, and to extend business February living cost of the labour- ing, and salaried classes in Japan, In other, less dimeult markets.

the February figures recorded an The last-named was registered

Hongkong in 1914 and has advance of about 15 per cent. over the corresponding figures in July: had its office in Walbrook since

1937, the month hostilities in China

of

1929 under the management broke out Mr. Frederick Taylor, who

has

had long experience. af trade

The living costs of the labouring

NOTICE TO CONSIGNIÆN

Co.

[292

PENINSULAB AND ORIENTAL- BTEAM NAVIGATION Co.'s STEAME" SOMALL"

A HONG KONG ax

18TH MARCH, 1939. From ANTWERP.LONDON.GIBRAL TAR MARSEILLES, MALTA, PORTBAID ADEN, COLOMBO AND STRAITS.

14 China. That gentleman has ass in the major cities in Ja- pan in February stood at 115.3

MUNSIGNEES of Dargo by the above become a director of the new (July, 1937 as 100), rising by 0.8 med Vessel are hereby informed company in conjunction with Mr.

per cent, over the January figure that their Goods are being landed and John Manners. The company has been formed with

and being 9 per cent. higher than triplaced AT THE in the Hong Kong regis-

and Kowloor Wharf and Godown Com February 1838.

pany's Godown at Kowloon, where esab The February wing cost of the Consignment will be sorted out Mark salaried class in eleven major cities by Mark and Delivery can in Japan atood at 1116, up by 1 the Goods are landed. per cent, over January and 8 per

tered capital of £3,000.

TIMBER DRYING

In connection with timber dry.

by obtained s

Optional Goods will be landed hers

contrary. Six Hours before arrival of the Steamer.

jat $126.424,000 in 1937, compared ing. It has been shown that the cent, higher than in February, 1938, anteon Instructions-have been given to the

with 3,225,300. tons valued at $105. PAID-UP CAPITAL $40,000,000.00

The 1937 produc- control of the circulating air in a (BRANCHES ALL OVER CHINA) 214,000 in 1936. Owing to our numerous Branchesion of newsprint was the largest kiln, to suit the state of the tim of the Canadian ber at the time of treatment, is in China. and connections in the the history principal Commercial Centres of pulp and paper industry.

The

U.K. EXPORTS & IMPORTS LONDON, Mar. 15 (BWS) The moisture content of the tim~ | United Kingdom exports in

the only mode of operation which the World, we are able to extend 1936 production had exceeded by will give satisfactory results. to our Clients special facilities for about halt a million tons the pre- Domestic and Foreign Banking and vous peak of 2,125,300 tons prober must be determined. and the February were valued at $8,92- Exchange,

Head Office: SHANGHAI

Hong Kong Branch:

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

duced in 1929. The 1937 oikpat, however, increased another 448.000 tons over 1936 and was 34.8 per cent. greater than the tommage of 1029, although the value was stil |24" mill:ozi dollars or 16 per cent.

lower than in that year

The Canadian production of We also handle the issue of standard newsprint in 1937 wELK Bonds and other Public Funds of three and three-quarter times that the Chinese Covernment both at of the United States in that year,

CANTON

SWATOW SHIUCHOW

KONGMOON TOISHAN KINGCHOW

· Homs and Abéned.

SHOU J. CHEN,

and formed 37.7 per cent of the total North American production of Manager. 4,934,000 tons

air temperature and humidity re- | 216, compared with £37,558,722 lated to this for the particular a year ago. Imports amounted to timber under treatment. Feriodic 85,515,512, against £75,793,098, weighings of sample pieces enable value of importa is lowest for any

month for more than two years. progress to be determined.

-Be-exports last month Wer

£4.772,323, against valued at

£5,327,706 February 1938. For the first two months of the year the fall in the value of imports compared with the corresponding period of 1838 is nearly £20,000,000, while the decline in exports is just ever £1,000,000,

Higher temperatures and lower humilities may be employed with better quality stock, while a higher permissible degree of warping and splitting allows of faster drying.

Thick stock requires higher humidities and plain sawn Muiber requires milder treatment than quartered stock.

Goods not cleared within 8 days

THURSDAY, MARCH 16, 1939. --PAGE 13

PRESIDENT LINER

SAILINGS

FARES

SPECIAL RETURN HONGKONG TO THE UNITED STATES EFFECTIVE IMMEDIATELY, FOR SAILINGS beginning with

8.S. PRESIDENT PIERCE May 19th and including all sailings up to

S.S. PRESIDENT CLEVELAND October 21st Return Limit Six Months

MINIMUM ROUND TRIP FARES 8.8 PRESIDENT COOLIDGE

First Class Special Class

First Class

Tourist Clas

San Francisco US$637.00

382.00

592.00

322.00

Los Angeles US$652.00

390.00

8.8. PRESIDENT CLEVELAND, PIERCE and TAFT

807,00

330.00

AMERICAN PRESIDENT LINES

ROUND WORLD SERVICES

12, PRODER ST.

Triestina

Lloyd

41

TEL. 28171.

FORTNIGHTLY

EXPRESS SERVICE

FAR EAST-INDIA-ITALY

Hongkong-Loudor, 23 days Hongkong-Italy 21 days

SCHEDULE OF SAILING FROM HONGKONG

TO MANILA, SINGAPORE, COLOMBO, BOMBAY, EGYPT & ITALY

m.v. "VICTORIA”

25th Mar. 1.3. "CONTE VERDE" 7th Apr.

TO SHANGHAI

18th Mar. m.v. "VICTORIA" 8.a..."CONTE VERDE" 31st Mar.

4.5. C. BIANCAMANO" 99th Apr.. "C. BIANCAMANO" 23rd Apr. "CONTE ROSSO" 12th May 8.8. "CONTE ROSSO" 5th May, 20th May. 27th May

m.v. "VICTORIA"

m.v. "VICTORIA"

LLOYD

TRIESTINO

P.O. Box 143, Tel. Addreu "Lloydlano"-Telephones 32882 Pareenge

32883 Freigu

HAMBURG-AMERIKA LINIE

Far Eastern Bail, Passenger & Freight Service

Through bookings to America via Europe and Europe via America. Through bookings. to London Bookings around the world.

-

OUTWARD SAILINGS *m.v. "RAMSES" for Shanghai, Dairen, Y'ham,

Kobe.

.....24th Mar. m.v. "KULMERLAND".. for Shanghai, Dairen. Takú,

Tsingtao, Y "hama, Kobe, Osaka 8th April 5.8. "NORDMARK"...... for Shai., Dairen, Kobe, Yhums.

....16th April

*HOMEWARD SAILINGS m.v. "BURGENLAND" for Genoa, B'dam, Hamburg... 26th Mar. B.. "OLDENBURG"...Genos," A'warp, H'dam H'brg...and April m.v. "RAMSES"......for Genoa, Antwerp, R'dam, B'burg 25th April

Freighter with Passenger Accommodation,

For further particulars and passage fares, etc, apply to:--

HAMBURG-AMERIKA LINIE

JEBSEN & CO., AGENTS.

12, Pedder Street, Tel. 31205-6.

UANTON AGENTS: CARLOWITZ & CO., Shakee Road,

TAURSE

15.

MAERSK LINE

Faat regular FREIGHT and PASSENGER SERVICE

TIL

BHANGHAI and JAPAN

including data of arrivi will be subject LOS ANGELES, PANAMA, NEW YORK, BOSTON

No Fire Insurance will be effected by

as iny case whatever.

Damaged Packages must be left in the and the Company's Burveyors. signees, Godowns for examination by the Con Memes, GODDARD à Dovolar, at 10 am, on Mondays and Thursdays, wil

within the Free Storage period."

Consignees are specially notified that it is recomenry for a Berenne Officer to be present at the examination of damaged dutiable cargo,

All Clafwis against the Steamer must be presented to the Undersigned on or before 6th April, 1988, or they will not be recognised

No Claims will be admitted after the Goods have left the Godown. MACKINNON, MACKENZIE & Co. to da Agenta..

Hong Kong, 16th March, 1929. [394

PHILADELPHIA & BALTIMORE.

If ancient inducement offare slao other ports of call. Arrivals from UBA

M.V. "MARCHEN MAERSK " 20th Mar. M.V. ACADIA".

4th April

Bailings to U.S.A

37th Mar

27th April

M.V. "ANNA MAERSK " (All dates are subject to alteration without notice.) ¡EXCELLENT ACCOMMODATION FOR PASSENGERS

AT MODERATE RATES

For Freight and Passage please apply:-

JEBSEN & CO.

Canton Bhameen, B.C. Agenta. Hong Kong, Pedder Building.

Tel 10916,

"Tel, 31205-87

Swatów Agents: GEBR ROESE. Tel 1858.

054