1939-03-17 — Page 13

HONGKONG DAILY

• P

PRESS

BANKS

HONGKONG AND

SHANGHAI BANKING

CORPORATION

Authorised Capital ........$50,000,000

THE CHARTERED

BANK OF INDIA, AUSTRALIA &

CHINA

Tasted & Fully Paid-Up $20,000,000 | Incorporated by Royal Charter, 1858

Reserve Funds:

Sterling .......

.......£8,500,000 | Pald-up Capital ................................ £3,000,000 H.K. Currency Reserve $10,000,000 Reserve Fund

£3,800,000 "Reserve Liability of

Reserve Liability of Pro-

Proprietors

$20,000,000

Head Office:HONG KONG

"

Board of Directort. Hon, Mr A, I Shields,

W. H. Lock, Esq.,

Chairman.

"Deputy Chairman.

J. K. Buuzfeld, Esq., A. E. Compton." Esq., Hon. Mr. 8. 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,

prietors........ £3,000,000 HEAD OFFICE: LONDON: 39, Bishopsgate E.0.2. Sub-Agencies in London; 117/122. Leadenhall Street, E.C.3. West End Branch: 14/18. Cockspur. Street, S.W.1. Manchester Branch;

71. Mosley Street, Manchester.

AGENCIES AND BRANCHES:

HARBIN A PENANG BONG KONG RANGOOM

SAIGON

ALOR STAR AMBITHAR BANGIOI

BATAVIA

.. ILOILO POK

BOMBAY

CALCUTTA

AGENCIES KOBE

CLAY ENT

FLIX PLACE KUALA

RANACHI

Chief Manager.

ILANG

Branches:-

Amoy Ipob

Penang

CANTON

LUMPUR

SEREMBAN SHANGHAI SINGAPORE BITIAWAN BOURABAYA TAIPING

Bangkok

Johore

Batavia

Kabe

Rangoon Saigon

CAWNPORK

KTCHING

TIENTSIN

CKBU

MADRAS

TONGKAN

Bombay

COLOMBO

VANILA

Kowloon

San

Calcutta

Kuala

DELHI

NEDAN

Francisco

Canton

Lumpur Shanghai

HAIPHONG

Chefoo

"Londos

Singapore

HAMBURO

HANKOW.

NEW YORK PRIPING

(Peking).

Colombo

Foochow

Lyons Sourabaya

Manila

Dairen Malacca Sungei

Patani Swatow Hamburg (Juhore) Tientsin Hapkow Mukden Tokys

Baiphong Mer

Harbin New York Tsingtao Hongke Peiping Yokohams Iloilo

(Bhakot) TEINÚTAO YOKOHAMA

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSity" received for One Year or shorter perioda in Local or Other Currencies at rates which will be quoted on application..

SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.

U.S. AIRCRAFT EXPORTS

Plant Working Day & Night

American aircraft plaats are working day and night shifts, with 48 per cent, of the air- plants they produce being sold abroad, a survey of the in- dustry revealed.

The remainder of the za ur more

factories throughout the country are poised for production which official estimates say can be step- ped up within nine months to from 5,500 to 8,000 planes a year, and which authoritative private sources estimate can reach 10,000 yearly within two years,

This latter gure would place America's potential plane produc- tion still behind Germany's present reported output, which àccording to Government estimates, 1s 1,000 planes a month.

FINANCE

ANOTHER GOOD YEAR FOR NATIONAL MUTUAL

LIFE ASSOCIATION

The National Mutual Life Association of Australasia Ltd. during its 69th year has had another good year, but the troubles in Europe adversely affected the business in Great Britain during "September which is usually the best month at home,

A total of 34,238 proposals were insurance. Income from interest received amounting to £12716- | and rents was charged income tax The £143,844 833. as compared with 37,588 in amounting 1937 for £13,789,817 and 4,324 | amount paid for policies surren- were declined or not completed, dered was 593,537, a lower sum than during" the three pervious amounting to £1.587,770.

or

A total of 29.914 policies were years. issued amounting tô £11.129,082, The total expenses were 8.83 per £732,000 less than in 1937. cent. of the total net income as which was the peak year and 1.226 compared with 10.44 per cent, In

Loans on

in- mortgage endowment policies were issued 1937.

£393,829 making a for £380,750 as compared with creased by 1.222 policies for £331,728. in 1937. total of £10.018.212. These in- 123 annuity policies were issued clude home purchase loans pro- providing annuities for £11,340 tected by life insurance. 1-8, while 31,563 new policies were issued assuring £11,518.813.

* LOANS. DECREASE

Loans on the security of mem- New Annual premiums were bers' policies have decreased by E421,800 compared with £454,083. | £83,176 and oustanding interest

£21,450. has also been reduced, and now and single premiums

was stands at the low figures of £48,- Consideration for annuities £83,349, while 1,637 deaths oc-529 three years ago, it was £183,- curred, on which £1.196.838 was 000. This points to the Improve- pald. £163,000 more than In 1937.ment of conditions.

"

MOVING AHEAD However, production in America is definitely moving ahead. Regard- less of whether France's plans for the

500 American purchase of planes survive the storm of con-

Results under the policies as ENDOWMENT ASSURANCES troversy blowing in Washington,

measured by bonus additions de- A total of 3.735 endowment as-pend largely on the rate of in- the consensus of opinion among

aircraft makers "who

surances matured, £1,526,569 being terest earned, if the present level were ques-

paid for them, and 771 endow-on Interest rate does not rise, the tioned recently was that 1939 will be the biggest in the industry's ments matured with bonus ad rate of bonus additions of all history, with an output far surpass.ditions these amounted to £205.amfees will tend to decrease. Ing last year's and the greatest 387. These two items were £833,- years ago while high interest rates to-date.

000 more than in 1937. The mer prevailed. the bonus were'

£ 1,288,011 bers had pald

and

large. received £135 for each £100 pald and 32 annultants died during the year. Anculties payable to them were £4,211-15-10.

In 1938 production totalled $115.000.000. of which $59.000. .000 worth of civil and military planes was shipped abroad. In- cidentally, France it was learn- ed, has not been a customer for American aircraft in past

years.

precedented and

Current Accounts opened Local Currency and Fixed Deposits

Germany's present production received for one year or shorter

on the other hand is on "an un- periods in Local and other Cur-

The Back's Head Office in rencies on terms", which will be London undertakes Executor and

unbelievable scale." according to Col. Charles A. Trustee business, and claims quoted on application.

Also up to date Bafa" Deposit|covery of British Inoome Tax

United overpaid, on terms which may be Boxes in various sizes To Let.

ascertained at any of the Agencies | January, Hong Kong. 13th Mar. 1939.-

and Branches.

R. A. CAMIDGE,

HONGKONG SAVINGS

BANK

The Business of the above Bank is conducted by the HONG KONG & BHANGHAI BANKING COR- PORATION... Rules may be ob tained on application."

For the HONG KONG & SHANGHAI BANKING CORPORATION.

V. M. Grayburn.

Chief Manager.

Hong Kong, 25th Feb., 1939.

BANK OF EAST ASIA.

LIMITED

Authorised Capital ...... $10 000,000,00 Paid-up Capital 3,598,600.00 | Reserve and Undivided

Profis

2,599,830.01

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

Board of Directora:

Sir Shawson Chuw, Chairman

Li Koon Chun, Feq. Li Lan Badg, Esq. P. K. Kwok, Ean.. WongChuSon, Esq. Wong You Tong, Esq. Kas Ying Pn, Esq. ChanChingShek Esq. FungPingWah Esq.

Kan Tong Po, Esq., Chio! Manager. Li The Foog, Esq., Manager.

Branches and Agencias ---

Απον

Belavia

Kowloom

Les doo Manila

Bombey Calcatis

Watphonz

Hankow

PITAK Kingapore Haroon Honrabaya Baigna Shwatow

Melbourne Ben Fran. Bydney Nagasaka

aleco Tientsin

Vaaoover Berang Shangha

New York Bottle

Paiping

P Honolulu

Kobe

Every description of Banking and Exchange business transacted. Leans granted Op approved securities.

On

+

L

Lindbergh's secret report to the

States Government .in

Ten

very

New Assurance under the group system amounted to £1,800,000. of all forms of property those least likely to depreciate are fe assurance policies

The total income was £5,944.931 'compared with £5,798,996 in 1937. Rates and taxes reduced this sum to £5,740,375 as against £5.606.- 733 in 1937. Premiuma on policies

amounted to £3,972,685 and in- CONSIGNEES' NOTICES terest rents and fees to £1,767.880. The gross rate of interest and rents was £4-9-11 per cent, net rate, after deduction of taxes. was £4-3-3 per cent. and £1,583.603- 11-0 was added to the assurance fund which now amounts to £44.-! 158,325.

*FOREIGN CUSTUMER America's foreign plane customer Manager.list was topped last year by the Netherlands and Netherlands In- dies, with Japan a close second

A sum of £204.412 was added and China third, Argentina, to investment fluctuation reserve Russia, the United Kingdom, making £1,335,000 in that account Canada, Turkey, Brazil, Mexico, This left a smaller sum for divi- Australia, Hongkong and Sweden slon as bonuses to members, which

THE CHASE BANK

13, QUEEN'S ROAD CENTRAL

HEAD OFFICE:

18, PINE STREET,

NEW YORK,

P

An American Bank offering com. plete Foreign Banking Service in the principal Markets of

the world.

Interest Bates op Application.

·

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHAIR NATIONAL BANE, NEW YORK, with Beadurces over U.6. 82,500,000,000.

D. M. BIGGAB,

Manager,

THE LONDON MARKETS

trailed in the order named,

But this year, since Herr Hitler cast the shadow of his huge" air fleet over. Europe, the position is different. Great Britain, which last year bought only $3,816,117 worth cr planes (exclusive of Canada and

Hongkong), has already placed a

single $20,000,000 order.

France's purchases would total $65,000,000, while Japan's, which amounted to $11,032,477 in 1938, have dwindled to nothing this year due to Washington's moral embargo on the Nipponese.

MARTIN BOMBERS

One of the largest plants operat- ing day and night shifts is that of the Glean L. Martin Campany, Just outside of Baltimore, Md, which

are mostly the same as those apporttoned last year.

NOTICE TO CONSIGNEES

OCEAN STEAM SHIP CO. LTD, AND

CHINA MUTUAL STEAM- NAVIGATION CO., LTD.

CONSIGNEES per Co.'s Vessel

"AJAX

Fз0K UNITED KINGDOM VIA SINGAPORE

are hereby notified that their cargo will be discharged into Holt's Wharf Kowloon, where it will lie at consignees" risk and anbject to terms and condi- tions of storage at Holt's Wharf. The Cargo will be ready for delivery from Godown on and after 18th Mar.

FRIDAY, MARCH 17, 1939. --PAGE 13

PRESIDENT LINER

Sailings

FOR SAN FRANCISCO & LOS ANGELES via SHANGHAI, KOBE, YOKOHAMA and HONOLULU

*8.8. "PRESIDENT PIERCE "

Sails Mar. 95th at 4.00 P.M. 35." PRESIDENT COOLIDGE" S.S. "PRESIDENT TAFT" 8.S." PRESIDENT CLEVELAND " SS. “ PRESIDENT PIERCE" 8.S."PRESIDENT COOLIEGE"

ין

H

Apr. 8th at 8.00 4.M.

Apr. 9lat at 8.00 A.M.

May Bih" at 8:00 A.M.

π

May 9th at 6.00 A.M.

June 3rd at 80+ A.M.)

AND FORTNIGHTLY THEREAFTER

* OMITS SHANGHAI

Saila Mar 17th at-12 Noo3 **

SB. 9.S.

FOR NEW YORK & BOSTON.

via SUEZ

PRESIDENT GARFIELD" PRESIDENT MONROE “

AND FORTNIGHTLY THEREAFTER

Mar. 99th at 9.00 P.M.

FOR

MANILA

S.S. PRESIDENT GARFIELD " Sails Mar. 17th at 12 NooN S.S."PRESIDENT PIERCE"

SS "PRESIDENT COOLIDGE" 8.S. PRESIDENT TAFT"

AMERICAN

Mar 19th at 2:00 AM.

Mar. 31at at 9.00 P.M... Apr. 14th at 6,00 PM.

PRESIDENT LINES

ROUND WORLD SERVICES. ·

12, PEDDER ST

THE

"HIRAM

TEL. 28171.

CHINA-SIAM

HONG KONG-BANGRÖK

LINE.

leaving Hong Kong 18th March via Swatow

HONG KONG-SWATOW-AMOY

Accepting Passengers & Cargo for all the above metioned porta. HONG KONG--SINGAPORE-PENANG-RANGOON Regular Express Service

m.s. "HAI HING" leaving Hong Kong 22nd March

Accepting cargo for all the above mentioned porta.

Excellent passenger accommodation available. For freight, passage rates and all other information–Apply, lo — THORESEN & CO., LTD.

Tel. 30237.

General Agents,

Queen's Building."

ANNUAL MEETING The Chairman at the annual

pointed out meeting

that the closing period of the financial year was occupied by the gravely

Optional cargo will not be landed CONSIGNEES NOTICES CONSIGNEES' NOTICES critical days of last September here, unless notice has been given prior to steamer's arrival but carried se which had left their mark in a from port to port to the final port of somewhat reduced volume of com-call to which the option extends. pleted new business.

All broken, chafad, and damaged notably the case in Britain, where goods are to he left in the Godowns, the intense preoccupation of where they will be examined on any the public with the threatened hours of 10.45 a.. and Noon within Tuesdays and Fridays between the tragedy of a world war hindered the free storage period. the completion of such business during the last month of the Association's year."--

This was

a

The smallest amount of manufactures Martin bombers and policy issued was £26, and the ocean transport flying-boats, Mr. largest £60,000. It is evident that believers in adequate

Martin announced that he is opera- ting at an all-time high with 4,128 men on his payroll,. &

Discussing the capacity of his factory to meet the requirements

Effect of Crisis Inor the US. administration's pro-

Czechoslovakia

LONDON, Mar. 16 (Reuter)~~ Mr. Neville Chamberlain's statement la the House of Commans regarding the British attitude to the Czech crisis was timed to begin after the close of the markets.

gramme for national defence.. Mr. Martin said he could step-up pro- duction to 1,200 planes a year by increasing his personnel and put- ting the plant on a 24-hour, seven- day working arrangement. It now works five days.

"

Other airplane manufacturers have also said that their plants Current Accounts opened in Local

could be stepped-up without build- Currency and Fixed Deposits re- ceived for one year or shorter

The Stock Exchange, however, ing an additional plant or install. periods in Local and Foreign Cur-developed a general malaise tong a single new machine.""

terras which will be wards the close with prices of all rencies quoted on application.

Safe Deposit Boxes To Let

KAN TONG PO,

„Chief Manager. BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

POSTPONED

sogie are

'CONSIGNEES” “NOTICES

NOTICE TO CONSIGNEES

PENINSULAR AND ORIENTAL STEAM NAVIGATION Co.' STEAMIN "CORFU,"

ARRIVED BONG KONG on 15 AR, 1939.

· FROM ANTWERP, LONDON, GIRKAL- TAR, MARSEILLES, MALTA, PORTSAID, ADEN, COLOMBÓ AND STRAITS,

No claims will be admitted after the Goods have left the steamer's Godown, and all Goods remaining undelivered after the 23rd Mar, will be subject to rent

All Chima against the Steamer must be presented to the undersigned on or before the 8th April, or they will not be recognised.

No Fire Insurance will be effected.

BUTTERFIELD & SWIER,

Agents.

16th March, 1930.

NOTICE TO CONSIGNEES.

[998

PENINSULAR AND ORIENTAL. STEAM NAVIGATION Co.'s" STEAMER "BOMALL”

ABRITE BONG KONG OF

16TH MARCH, 1839.;

FROM ANTWERP,LONDON,GIBRAL TAR MARSEILLES, MALTA. PORTBAID ADEN, COLOMBO AND STBAITS.

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

COMPAGNIE DES MESSAGERIES MARITIMES

CONSIGNER NOTICE..

8.S.TANC-TSE " 380/39.

BRINGING CARGO FROM DUNKIRK via HAIPHONG etc.

ARRIVED HONG KONG on SUNDAY, Tas 127 MARCH, 1929.

HAMBURG-AMERIKA LINIK

NOTICE TO CONBIONGES,

HE 8.5.

THE

*NEUMARK"

baving 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 so00 sa the Goods are added.

Optional Cargo will not be landed here, unless Notice has been given 48 ONSIGNEES are hereby informed hours prior to Vessel's arrival, but caried that their goods with the exception on from port to port to the final pors of Opium, Tressure and Valuables are of call to which the option extends." being landed & stored into the godowns Ne Olaims will be admitted after the of the Hong Kong Kowloon Whaf and Goods have left the Godowns, and all Godown Co., Ltd., Kowloon, whance Goods remaining undelivered after the delivery may be obtained immediately 20th Mar., 1939, will be subject to after landing.

Beat

or

All Olaine, mmat be sent in to me on All broken, chafed and damaged Goods

before

the 21st March, 1939, or they are to be left in the Godowns, where 8th Mar, they will be examined on will not be recognized.

Damaged Packages will be examines 1939, at 10 am, by our Surveyors,. by the Company's Surveyors, Merers. | Mosers. Goddard & Douglas. Goddard & Douglas in the resence of To comply with the Deneral Bonded the Consignees at 10.00 am, on Wamhouse Regulations consignees must- Saturday, the 18th March, 1939. have a Ravenue Officer in attendance Consignees must have a Revenue when damaged dutiable goods are Officer in attendance when any dutiable examined. goods are examined by the Company's All Claims must reach, na before the Surveyors.

20th April, 1979. or they will not No Fire Insurance will be effected by be recognized. Es in any case whatever.

No Insurance will be effected. Bills of Lading will be countersigned by

JEBSEN & 00.. Agents.

[214

R. OHL

Agent.

[111 Borg Kong, 13th March, 1979.

Get the world's good news daily through THE CHRISTIAN SCIENCE MONITOR

groups lower. On the other hand, BRITISH TRADE- the absence of selling pressure is MISSION TO GERMANY

NONSIGNEES of Cargo by theONSIGNEES of Cargo by the above- interpreted as an encouraging

above-named Vessel are hereby in- named Vessel are hereby informed feature. City circles are at present

formed that their Goods are being landed that their Goods are being landed and Hong Kong, 19th March, 1939. engaged in reading the Premier's LONDON, Mar 15 (Reuter)-Lord. and placed at 19x18 XIX in the Hong | placed at thziz sisx in the Hong Kong speech, but are generally inclined Halifax. Secretary for Foreign Kong and Kowloon Wharf and Godown and Kowloon Wharf and Godown Cow to deter judgment.

Affairs, announced to-day that. Company's Godowns at Kowloon who pays Godowza at Kowloon, where each each Consignment will be sorted out Mark Consignment will be sorted ont Mark The first impressions of Mr. having regard to the effect on by Mark and Devery can be obtained as by Mark and Delivery can be obtained, s Chamberlain's interpretation of general conditions in Europe which | the Goods are inded

the Goods sra landed the events in Czechoslovakia did recents events there were bound to Optional Goods will be landed here not contain any fireworks. being exert, the British Government felt unless instructions have been given to the contrary Bix Hours before arrival of more or less, in a line with the city's that the present moment was in the gamer?

p appraisal of the developments. appropriate for the proposed visit

Goods not cleared within 8 days ins Owing to our numerous Branches moment teared that a final show- Trade and the Secretary for, Over- rent

Financial circles never for one of the President of the Board of cluding date of arrival will be subject to in China and connections in the down was about to occur in con-

No Fire Insurance will be effected by principal Commercial Centres of

seas Trade to Berlin. The visit

na in any case whatever, t the World, we are able to extend cexion with the dismemberment of

Damaged Packages must be left in Little hope was accordingly. postponed and to our Clients special facilities for Czechoslovakia,

the Godowns for examination by the Domestic and Foreign. Banking and entertained that Britain will be Germany had been so informed.

A Berlin message states that. Consignees, and the Company's surveyors, Exchange.

commenting on the postponement Mecara GoPPARD & DOUGLAS, 10. on Mondays and Thursdays, within the Free Storage period.

PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA)

Head Office: SHANGHAI

Hong Kong Branch:

CANTON

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

KONGMOON SWATOW TOISHAN SHIUCHOW: KINGCHOW

We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad."-

able to retrieve part of the Czech credit already pate

CHINA FIRE

of the visit of Mr. Hudson and Mr. Stanley to Germany, German poll- tical circles, while expressing polite regret, are fully conscious of the necessity for this measure. F

It is also reported that "satis factory progress" has been made between the delegation of the

INSURANCE

CO., LTD. Subject to audit, the Directors will recommend the payment of a Federation of British Industries dividend of $12 per share and a and the Reichsgruppe Industrie bonus dividend of $6 per share for when oficial trade talks opened in Vanager.. the year ended 31st December, 1938. Berlin to-day.

SHOUJOHEN,

Consignees are specially notified that it is necessary for a Revenue Offer to be present at the examination of damaged dutlable cargo.

All Olsime against the Steamer mat

Goods not cleared within 8 days including date of arrival will be anbject to Beat

No Fire Insurance will be effected by ps in any case whatever.

Damaged Packages must be left in the Godowas for examination by the Con- signees, and the Company's Hurveyors. Estars. Goose & Daveris, at 10 am, on Mondays and Thursdays, within the Free Storage period.

Consignees are specially notilled that it is necessary for a Revenue Offer to be present at the examination of damaged dutiable cargo. YAN

All Claims against the Steamer must be presented to the Undersigned, on or be presented to the Endersigned on or before 5th April, 1988, or they will before April not be recognised.

* No Olmini will be wimittal after the Goode kura left the Gcdown, D MACKINSON, MACKENZIE & Co.

Agenü Hong Kong, 16th Mar 1929. [

not be recognized, or they will No Claims will be admitted after the Goods have left the Godown, MACKINNON, MACKENZIE & Co.

Asepta Hong Kong, 16th March, 1929,

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