1939-03-23 — Page 13

HONGKONG DAILY 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, 1855 Beserve Funds:

Sterling Les

Proprietors

$20,000,000

Head Office --HONG KONG

...£6,500,000 | Paid-up Capital ........................ £1,000,000 H.K. Currency Reserve $10,000,000 Reserve Fund

£1,000,000 „Reservs Liability of

Reserve Liability of Pro-

prietors.............. £3,000,000 HEAD OFFICE: LONDON: 38, Bishopsgate E.C1. Sub-arencies In London; · 117/122, Leadenhall Street, E.0.3, West End Branch: 14/16, Cockspur Street, B.W.1. Manchester Branch: 71, Mosley Street, Manchester.

Board of Director. Han, Mr. A. L. Shields,

W. H. Look, Esq.,

Chairman.

Deputy Chairman,

J. E. Bousfeld, Esq., A. H. Compton, Esq., Hon. Mr. 8. H. Dodwell,

D. F. Landale, Esq.,

G. Miskin, Esq.,

K. S. Morrison, Exq,

Hon. Mr. T. E. Pearce,

H. V. Wilkinson, Esq.,

-Sir Vandeleur M. Grayburn,

| AMBITUAR BANGKOK BATAVIA BOMBAY

AGENCIES AND BRANCHES:

HARBIN PIKANG ALOR STAR

'HONG'KONG HANSOON

"BALGUN ILOILO

SEREMBAN 1P0H

BHANGHAI KARACELI

SINGAPORE KLANO

SITIAWAN BOURABAYA TAIPING TIENTAIN TONGKAH

PALE PACK KUALA

LUMPUR

KUCHING

MADLAS

MANILA

KEDAI

CALCUTTA

Chjel Manager.

AGENCILS: KOBE

Branches:-

Amoy

Ipoh

Penang

CANTON

DAWNFORE

Bangkok

Johore

Rangoon

Batavia

Kobe

Saigon

CERT

Bumbay

COLOMBO

Kowloon San

Calcutta

Kuala

Francisco

DELHI "

HAIPHONG

Canton

Chefoo

Culombo

Lumpur Shanghai

London Singapore

Lyons Sourabaya

Dairea Mairoca Sungei

Foochow

Manila

"Haiphong Muar

Kamburg

Patani STALOW (Johore) Tientsin

Tokyo

Bankow Mukden

Harbin

Hongke Iloilo

New York Taingtao Peiping. Yokohama

Current Accounts opened 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.

Also up to date Safe Deposit Boxes in various sizes To Let. Hong Kong, 13th Mar. 1930.

HONGKONG SAVINGS

BANK

The Business of the above Bank is oonducted by the HONG KONG A SHANGHAI BANKING. COR- PORATION. Rules may be ob-

ained on application.

For the HONG KONG & SHANGHAI

BANKING CORPORATION."

V. M. Grayburn.

Chief Manager. Hong Kong, 25th Feb., 1930. BANK OF EAST ASIA, LIMITED

Authorised Capital ....$10,000,000.00 Paid-up Capital

5,598,600,00 Reserve and Undivided

Profits

2,883,832.01

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

Board of Directors:

Bir Shotson Chow, Chairman

Li Koon Chun, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. WongChuson, Esq. Wong Yun Tong, Esq. Kan Ying Po, Esq. ChanChingSbek, Faq. FungPiagWah Esq.

Kau Tong Po, Eaq,, Chis! Manager.

Li Tre Fong, Esq., Manager.

Apoy

Babaria

Bombay

Calatia Haiphong

Branch and Agomelor :---

Bingapors

Kowloom PEDADE

Looden Rangoon

Manila

Hotzvahaya. Salgoo Swatow

Melbourne Bun Bran Bydney

alco Tiantais

Hankow New York Beatle Vamwver Acuolain Partu Labe

Bemarang

Piping Shangha

Every description of Banking and Exchange business transacted. Loans granted on Approved securities.

Current Accounts opened in Loon! Currency and Fixed Deposits re- ceived for one year or shorter

rencies

periods in Local and Foreign Car

on terms which will be quoted on application.

Safe Deposit Boxes To Let

KAN TONG PO,

Chief Manager.

BANK OF CHINA'

Specially Chartered by THE NATIONAL GOVERNMENT .OF CHINA AB AN.....

· INTERNATIONAL EXCHANGE

BANK

•

HAMBURG

NEW YORK PRIPING

HANKOW (Peking)

(Bbaket) TRINOTAQ ГОГОНАМА

FOREIGN EXCHANGE, and General Banking Business transacted..

CURRENT ACCOUNTS 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 Local Currency and Sterling with interest allowed at rates obtainable on application.

The Bank's Head Office in Londoa 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.

B. A. CAMIDGE,

SATISFACTORY

PROFIT

"Vibro Piling Co.

Annual Meeting

FINANCE

H. K. STOCK

EXCHANGE

The improvement in the London

THURSDAY.

U.S. COTTON

SUBSIDY

market is not yet fully renected Determined Southern

locally. During the short session, however, H.K. Banks improved from $1335 to 31375 business done, and

changed hands in fair quantity at $173/174 cum dividend.

The ninth annual general meet-Docks ing of the Vibro Filing Co., Ltd. was held at the registered office of the company yesterday, when the | Chairman, Mr. S. M. Churn. re- ported a satisfactory year's work- ing. Those present were Mr. J. J. Basto, the Hon. Sir R. H. Kotewall. CM.G. (directors), Mr. F. E. `d'Al- mads Remedios (secretary).

CHAIRMAN'S SPEECH

The chairman said:-By refer- ring to the profit and loss account you will observe that, after mak- ing full provision for depreciation, the net profit for the year amounts to $55.199.14, a result which your board, feels sure all shareholders will agree is highly satisfactory.

Turning to the balance sheet, I do not think that any explanations are required, since the statement has been rendered in "a very un- derstandable form. I would like, however, to comment that of the sum of $37,264.21 shown as net additions to plant and machinery during the year, the bulk of the amount. represents the cost of a further plant which we were for- tunately able to purchase from a neighbouring licencee for work in the Philippines. The cost of this additional equipment. though not new but is in good working con- dition, shows in a very striking way the extent to which the book value of our other two plants and accessories, has been written down. I would like to observe that the

major portion of the item of $61.- | 340.20 shown under sundry debtors and unexpired charges, has since been collected, and there are now sumclent funds to pay the recom- mended dividend and bonus.

DEPARTMENTAL CHANGES During the year the manage- ment of our technical department by Messrs. Marsman Hongkong China Ltd., was terminated by mutual consent, and we have with Manager.us again as technical manager, Mr.

THE CHASE BANK

15, QUEEN'S ROAD CENTRAL

HEAD OFFICE,

18, PINE STREET,

NEW YORK

£

An American Bank offering com. plete Foreign Banking Service in the principal Markets of the world.. Interest Rates on Application,

E. W. Blackmore. I should also like to avail of this opportunity to inform shareholders that, after many months of negotiations, we have just concluded an agreement with the Marsman Building Cor- poration of Manila, to act as our agents in the Philippine Islands. I may also mention that a very old and trusted friend and share Pholder of the company, Mr. H. D. 8. Page, who is with us to-day, will have charge of the company's operations in the Philippine Islands, and shareholders may feel assured, therefore, that their in- terests are in good hands.

BUYERS

Hongkong Bank, $1355.. Canton Insurance, $88). HK, Docks E, DIV. $184. Providenta (Old), $5). H.K. Realties, $i}.. H.K. Tramways, $18. H.K. Electrics, $551. Sandakan Lights, $11. Canton Ices, 31 H.K. Ropes, $4.10. Wing On (HK), $44. H.K. Govt. 4% Loan 4% prem. HR. Govt. 3}% Loan pár, «

SELLERS

H.K, Docks E., Div, $17,. Vibro Piling, 57.80

SALES Hongkong, Bank, $1335/75. Union Insurance. $480. H.K. Decks E, Div. $161/7. Providents (Old), $5,40. HK, Tramways, $16.10 H.K. Electrics, $551. Watsons, $0.

Philippine Mining Quotations Antamoks Ps., 39,

Benguet Consolidated Ps. 12.90. Coco Grove Ps.. .431. Demonstrations Ps.. .144, IX.L. P., .63

San Maurico Ps.. 2.05 Suyoc Pa.. 19). United Paracale Ps, 73

HONGKONG.

SHAREBROKERS'

Opposition

WASHINGTON, Mar. 22 (Reuter)

The George resolution, to pre- vent subsidised cotton exports, is reputed to have wide support in the Senate, and to have a' good chance of pasmgn if it is permitted to come to the vota.

The resolution was introduced under proceedings enabling it to come directly before the Senate without prior committee con- sideration.

Meanwhile, talk of early an- nouncement of a cotton subsidy continues.

It is rumoured that 1,600,000 bales held under the 1934 loan may be offered for export at four cents below the world market; and that $40,000,000 will be made avail- able from customs receipts for subsidy."

DETERMINED OPPOSITION

thus far is Nothing oficial known, but the trade is wondering what if any effect on the subsidy plans the determined Southern developing may opposition now have.

++

The situation is thus confused. though the Secretary for Agricul- ture. Mr. Henry A. Wallace, told Representatives the House agricultural committee yesterday that the cotton surplus was so large that some necessarily "must be directed towards foreign ` mar- kets.

vices

Mr. Wallace also said that "in- came and price supporting de- of the present farm pro- gramme should be continued.

He again opposed

sweeping changes in the Farm Bill, and ad-

ASSOCIATION vocated processing taxes as neces

Volume of Business Transacted on Wednesday, March 22 H.K. Docks (cum div.). 200 $17.75 H.K. Decks (cum diva 200 17.85 Trams

500 16.10

China Lights (0) Antara oks Antamoks

1,000 8.50 7,000 Ps38+ 7,000 Ps39

PHILIPPINE GOLD MINING QUOTATIONS

Antamoks Atcks

Baguio Gold Benguet Consol Coco Grove Demonstrations

x. L

paracale Gumaus San Mauricio. suyoc Consol tinited Paracales

Market Comment Steady.

With regard to the future, there KIANGSI'S

SAFE DEPUŠIT BOXES

This Hank in entirely owned THI CHASE NATIONAL

BANE, New Yoar, with Resources over U.S. $2,500,000,000.

is too much uncertainty in the air

by

1

i

D. M. BIGGAB,

Manager. year.

A Job?

Consult

WANT ADS

TRADE AGREEMENT. WITH GERMANY

LONDON, Mar.

!

to make an opinion sate, but I feel can say that, unless political events develop unfavourably. the start we have made should enable us to present a fair showing next

There being no question, the re- port and accounts, as presented, and the appropriation of profits, as recommended. were, upon the chairman, seconded by Mr. M. Weill, passed unanimously.

On the proposal of Mr. C. H. Basto.

seconded by Sir Robert Kotewall, Messrs. Lowe, Bingham & Matthews were re-elected auditors.

INSPECTION

391

38

26.

12.90

44

15

63

17

2.05

191

173

WARTIME

EXPORT

sary for the removal of surpluses and the regaining of world markets.

LONDON GOLD

London, Mar. 21 (Reuter). Bar Gold, Fine per oz.. 148/5. Dollar Parity. 1728. premium.

CONSIGNEES' NOTICES

NOTICE TO CONSIGNEES

OCEAN STEAM SHIP CO, LTD.

AND

UHINA MUTUAL STEAM NAVIGATION CO., LTD.

YONSIGNEES per Co's Vessel "EURYBATES

FROM NEW YORK VA MANILA are hereby notified that their Cargo will be discharged into Holt Wharf, Kowloon, where it will lie at Consignees risk and subject to Terms and Conditions of Storage at Holt's Whart. The Cargo will be ready for Dalivary

from Godown on and "after 22nd Mar.

Optional cargo will not be landed here unless Notice has been given prior to Steemer's arrival, but carried on from

which the option extends.

NÁNCHANG, Mar. 22 (Central)—port to port to the final port of call to The Reconstruction Department of the Kiangs! Provincial Government has just announced that the total export trade of the province in 1838 was estimated at a little over $120,- G00,000.

Among the chief products export- ed were "rice, tea wolfram, por- celain and paper, which together accounted for more than seventy percent of the entire volume.

During the year, special efforts were made for the exploitation of PARTYthe province's rich mineral resour- ces, and plans for the large scale mining of tin reserves have been mapped out and will be carried out in the course of the present CHENOTU, Mar. 22 (Central)-year.

START SIKONG TRIP

t

The inspection party organized by Due to the disruption in traffic of

22 (BW8)-In members of the People's Political the Nanchang-Klukiang railway,

the course of a reply to a question Council and participated by a large the largest portion of last year's in the House of Commons on the number of Government represen-export was transported via the agreement recently concluded at tatives will start their tour of Cheklang-Kiangsi Dusseldorf between representatives Szechwan and Bikong in several highway,

of the Federation of British In- small groups by different routes on dustries and the Reichsgruppe March 23. Industrie, the President of the

Hallway and

GERMAN MOTOR

INDUSTRY

This morning and afternoon, Board of Trade said it was clear members of the party devoted that the whole position needed themselves to inspecting various examination in the light of the local government organs 17 events of last week.

Chengtu. Before start, the party BERLIN, Mar. 22 (T/Ocean) Mr. Oliver Stanley intimated will give a tea party to-morrow in By a decree issued by the General that he had asked the representa- which last minute opinions will be Commissar for Motorized Trafie, tives of the FBI. to discuss the exchanged and discussed.

COL von Schnell, the number of PAID-UP CAPITAL $40,000,000.00 matter with him and, in a "supple-

Throughout their itinerary, the types of motor cars that will in BRANCHES ALL OVER CHINA)mentary reply, he emphasised that party will pay special attention to future be built in Germany has Owing to our numerous Branches he had asked for the discussion the livelihood of the local people been limited in accordance with in China and connections in the solely because of the new circum and the development of recon- the aims of the Four-Year-Plan. principal Commercial Centres of stances arising from the German struction schemes. the World, we are able to extend action in Czechoslovaklik.

to our Clients special facilities for Referring to the reports which

Domestic and Foreign, Banking and Exchange.

Head Office: BHANGHAI

Hong Kong Branch:

4. QUEEN'S ROAD, O.

he had seen of a criticism of the

agreement in' friendly foreign' countries, the members to study the full text of

Minister urged i

TRADE TALKS WELCOMED

|

All broken, chafed and damaged Goods are to be left in the Godowns, where they will be examined on any Tuesdays and Fridays between the hours of 10,45 a.m. and Neos within the Fres Storage period.

No Claims will be admitted after the Goods have left the Steamer's Godows, and all Goods remaining undelivered after the 29th Mar, will be subject to Pest.

All Claims against the Stesmer must be presented to the Undersigned on or before the 12th Apr., or they will vol be recognised.

No Fire isfurnace will be effected

BUTTERFIELD & SWIRE..

Agents.

(241 22nd March, 1939.

NORDDEUTSCHËR LLOYD BREMEN.

TH

VEE Steamer

*** POTSDAM -

BREMEN, having arrived from HAMBURG and Ports, consignoos of cargo are hereby notified that their cargo is being Landed their risk into the godowns of The Godown Co., Ltd, Kowloon, Where Hong Kong & Kowloon Wharf & delivery can be obtained.

AU

goods remaining

"

4

undalirand after

the 37th March, 1989, will be subject"

to rest

P

MARCH 23, 1939.--PAGE 1

PRESIDENT LINER

Sailings

FOR SAN FRANCISCO & LOS ANGELES FİS SHANGHAI, KOBE, Yokohama and HONOLULU *S.S." PRESIDENT PIERCE ** Sails Mar. 28th at 1,00 F.M.

Apr. 10th at 800 A.M.

Apr. let at 8.00. A.M”

May 5th at 800 AM.

May 19th at 6.00 A.M. June 3rd at 800 AM.

&S. "PRESIDENT COOLIDGE' 8.8. "PRESIDENT TAFT » “SS. - FRÈSIDENT CLEVELAND-

88. “ PRESIDENT PJERCE 8.8.. PRESIDENT COOLIDGE"

AND FORTNIGHTLY THEREAFTER

* OMITS BEANGHAI

"

FOR NEW YORK & BOSTON via SUEZ 8.8. PRESIDENT MONROE" 5.8. "PRESIDENT ADAMS "

Sails Mar. 29th at 9.00 P.M.

Apr 14th at 19 Noor

AND FORTNIGHTLY THEREAFTER

FOR

MANILA

S.SPRESIDENT COOLIDGE".

S.S."

PRESIDENT TAFT " 5.&." PRESIDENT ADAMS":

58. PRESIDENT CLEVELAND "

Saila Apr. 3rd at

"T

Apr. 14th at 1:00 A.M.

片

Apr. 14th at 12 Noos

"

Apr 38th at 1.00 A.M.

AMERICAN PRESIDENT LINES

ROUND WORLD SERVICES

12, PEDDER ST

Priestin

Lloyd

TEL. 28171.

FORTNIGHTLY·

EXPRESS SERVICE

FAR EAST-INDIA-ITALY

Hongkong-Loudon 23 days Hongkong. - Italy

{ dayı

SCHEDULE OF SAILING FROM HONGKONG

TO MANILA, SINGAPORE, COLOMBO, BOMBAY, EGYPT

& ITALY

m.v. "VICTORIA” 25th. Mar. 1. "CONTE VERDE" 7th Apr. 1.5. "C. BIANCAMANO” 25th Apr: 15. "CONTE ROSSO" 12th May v. "VICTORIA”. 27th May

LLOYD

TO SHANGHAI

18 "CONTE VERDE 31st Mar. E.. "C. BIANCAMANO" 23rd Apr. a.s. "CONTE ROSSO" 5th May. m.v. "VICTORIA"

30th May. "CONTE VERDE" Sad June

a.

TRIESTINO

P.O. Box 143. Tel. Address' “Lloydiano"-Telephone

32982 Passenge 32983 Freight

HAMBURG-AMERIKA LINIE A

Far Eastern Mall, Passenger & Freight Service

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

OUTWARD SAILINGS

*.v. "RAMSES".

for Shanghai, Dairen, T'hams, Kobe

24th Mar. m.v. "KULMERLAND". for Bhanghai, Dairen, Taka,

Tsingtao, T'hama, Kobe, Oraka 8th April 14. “NORDMARK”.

"................. for Shai, Dairen, Kobe, Y'hama.

...16th April HOMEWARD SAILINGS

m.v. “BURGENLAND” for Genoa, R'dam, Bemburg ... 29th Mar. ........ “OLDENBURG*...Gense, Awarp, K'dam B'bog........2nd April mv. “RAMSES"......for Genos, Antwerp, R'dam, Eberg 25th April * Freighter, with Passenger Accommodation.

For further particulars and passage farer, etc, apply to:- HAMBURG-AMERIKA LINIE

JEBSEN & CO., "Asxm.

12, Pedder Street, Tel. 31205-6.

CANTON AGENTS: CARLOWITZ & CO., Shakee Road.

AERSE

MAERSK LINE

Fast regular FREIGHT and

PASSENGER SERVICE

TINESES

- SHANGHAI and JAPÁN

NO FIRE INSURANCE will be LOS ANGELES, PANAMA, NEW YORK, BOSTON

effected by us in any case whatever.

Damaged packages must be left in the godown for examination by the con Thus as from Jan 1, 1940, only ignees and the Company's surroyome, 30 types of passenger cars will be Mom. Anderson & Ashe, st.10 sm. 20 built as against $2 hitherto This the 25th March, 1939, number will comprise all classes Officer in attendance when damaged Consignees must have a Revenue and sizes. The number of types of dutiable are examined by the

goods lourdes will be reduced from 113 to Company's surreyors.

No claim will be admitted after the the agreement, claiming that the PARIB, Mar. 21 (Reuter)-The 19. The reduction of the number criticisms in question were largely announcement of the despatch of of motor-cycle types will be from geods bare left the godown and all based on a misunderstanding or a British trade mission to Rumania 150 to 30 while only three kinds of claims must be presented within Two Weeks of the stap'e arrival here, after misrepresentation of the actual has made the best possible in-small lorries will be made in future which date they will not TOISHAN

be recognised. pression in Bucharest, according to as against 20 previously, KINGOHOW | agreement. „

Consignees are requested to surrender The number of types of lorry their Eils of Lading to the undersigned We also handle the imas of In another answer, Mr. Stanley messages received here.

Rumanian political circles feel, traders hitherto unrestricted and for countersignature. Ke Bonds and other Public Fonds of said that protection of British

MELORERS &

00 the Chinese Government both at trade interests in Czechoslovakia, that, with the support of the almost innumerable, will be reduced Home and Abroad.

to which British exports, in 1938 British, Rumania will be able to, to fire. This restriction of the num-,

NORDERUTCHES Lord, Bazan, amounted to £2287,000, was under conclude a treaty with Germany ber of types will greatly faollitate: Hong Kong, 10th March, 199,

on equal footing.

the German automobile production. Manager consideration.

South China Offices:

CANTON NWATOW SHIUCHOW

KONGMOON

SHOU J. CHEN,

PHILADELPHIA & BALTIMORE.

If anfficient inducement offers also other ports of call; Arrivals from UBABA

Bailings to UBA

7th Mar

17th April

MGM.V. #MARCHEN MAERSK". 23rd Mar. M.V. "ACADIA":"

4th April. M.V. "ANNA MAERSE”.

(All dates are subject to alteration without notion) EXCELLENT ACCOMMODATION FOR PASSENGERS

MAT MODERATE: RATES,"

For Freight and Pasage, please apply

JEBSEN & CO

Chaton Shampo, B.C. Agenta Hong Kong, Pedder Buildin

Tel 10916,

Waal, 31205-6. Swatow Agente: GEBR ROESE, Tol 1856,

1234