1939-03-24 — Page 13

HONGKONG DAILY PRESS

BANKS

SHANGHAI BANKING

HONGKONG · AND

CORPORATION

Authorised Capital $50,000,000

THE CHARTERED-

BANK OF INDIA, AUSTRALIA & CHINA

.

H. K. STOCK

EXCHANGE

The Improvement in the Londr market was short-lived, and the latest advices from that quarter show an appreciable 'drop in most quotations. "This. together with the uncertainty still murrounding the European political altuiation

FINANCE

SZECHWAN AS A SUGAR-

PRODUCING CENTRE

CHUNGKING, March" 23 (Central)--With the destruction of most of the sugar refineries in coastal areas and the en- province forcement of the Japanese naval blockade Srechwan

is supplying China with the largest andunt of sugar. - "Last year one district alone ex- ported over $8.800.000 of sugar to

Immurd & Fully Paid-lip $20,000,000 Incorporated by Royal Charter, 1859 may account for the lethargical the neighbouring districts and EXCHANGE

Reserve Funds:

Sterling.................

......£1,500,000 Paid-up Capital H.E. Currency Reserve $10,000,000 Reserve Fund Rmerve Liability of

.roprietors

.....$20,000,000

Boad Office-HONG KONG

11

Board of Directors. Hon, Mr. A. L. Shields,

W. H. Lock, Eaq..

Chairman.

Deputy Chairman,

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

D. F: Landale, Esq.,

G. Miskin, Esq.,

K. S. Morrison, Esq.,

Hos. Mr. T. E. Pearce,

H. V. Wilkinson, Esq.,

Sir Vandeleur M. Grayburn,

الصعيد.

Chief Manager.

Branches:-

Shansi.

state of the local market. In spite, such provinces as Hunan, Hupeh, ‚£3,000,000 | However, of all this HK. Banks | Yunnan, Kwelchow, Shensi £3,000,600 continue to command attention and a large business was reported in £3,000,000 › them to-day at $1340 with a small

lot being traded at $1350.

-BUYERS

Reserve Liability of Pro-

prietors.

HEAD OFFICE: LONDON: 38 Bishopsgate EC:2 Sub-Arenoles in London: 117/122. Leadenhall Street, E.C.3. West End Branch: 14/16, Cockapur Street, S.W.1. Manchester Branch:

71. Mosley Street, Manchester.

AGENCIES AND BRANCHES:

PENẲNG ALOR STAR HARBIN AMRITSAR

HONG KONG BANGOON BANGKOK

ILOILO BATAVIA

BOMBJY

CALCUTTA

Providents (Old), $5.45. Canton Ices, $1. Entertainments, $6.45 ex. Div.

SELLERS

HK. Docks, $173.

China Lights (Old), $8.80. Watsons, 30.10. Vibro Pilings, $6.40 ex. Div.

SALES

Hongkong Banks. $1375/1350. Union Insurances," $465. H.K. Docks, $171. Providents (Old), $5.45. H.K. Hotels, $5.85.

ІРОН

SAIGON SKREMBAN

KARACHI KLING

SHANGHAI SINGAPORES SITIAWAN BOURABAYA

Ixury Farms.

AGENCIES: KOBS

Gaya SreeRT

FATELIE PLACE KUALA

TAIPING TIENTS1M TONGKAH

(Bhuket)

Amoy Bangkok

Ipoh

Penang

CANTON

LUMPUR

Johore

Rangoon

CAWNPORE

KUCHING

Batavia

Kobe

SKigon

CELU

MADRAS

COLOMBO

MANILA

Bombay

Kowloon San

Calcutta

Kuala

Francisco

Canton

Chefoo

Colombo

Lyons

Sourabaya

DEX1 HAIPHONG -HAMBURO HANKOW

MEDANN NEW YORK PRIPING

TSINGTAO.. YOKOHAMA

Dairen

Sungei

Lumpur Shanghai

London * Singapore

Malacca

Foochow Manila

Patani Swatow Hamburg (Johore) Tientsin Bankow

Tokyo Makden

Baiphong Muar

Harbin New York Tsingtao Hongkew Peiping Yokohama Iloilo

Current Accounts opened in Local Currency and Fixed Deposit 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. 1939.

HONGKONG SAVINGS

BANK

The Busines of the above Bank

is conducted by the HONG KONG

A SHANGHAI BANKING COR- PORATION.

Rules may

tained on application.

(Peking)

-FOREIGN EXCHANOR 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 ACCOUNra also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.

"

Ex.

DIY.

Cum.

Rtd., $23.65.

PHILIPPINE MINES

Antamoks, Ps. 38,

Baguio Gold, Ps. .28. Coco Groves, Ps, 42. Cons, Mines, Ps. .003. Demonstrations, Pa. 14. I. X: L, Ps, 61. Paracale Cumans, Ps. 16. San Mauricio, Ps. 1.96. Suyec Congol., Ps. .18).ˆ United Paracales, Ps. .69.

HONGKONG

SHAREBROKERS".

and Transportation through these dificult regions was by human labour, pack and junks.

done animals

Establishment of a $4,000,000 modern sugar refinery in the dis- already commenced. trict has

completed,

When the refinery is

the district is expected to double

its present production which s

FRIDAY, MARCH 24, 1939. --PAGE 13

PRESIDENT LINER

Sailings

FOR SAN FRANCISCO & LOS ANGELES vin SHANGHAI, KOBE, YOKOHAMA and HONOLULU **S.S." PRESIDENT PIERCE ** Sails Mar, 38th st 4.00 P.M.

AS. PRESIDENT COOLIDGE " 38.PRESIDENT TAFT". S.S.PRESIDENT CLEVELAND 3.8." PRESIDENT PIERCE"

Apr. 10th at 800 A.M.

Apr. alat at 9.00A.M.

May 5th at 8,00 A.M.

CREDIT

TO CHINA

11

辨

May 19th at 6,00 A.M;

SS. PRESIDENT COOLIDGE"

Effect On Japan's Aim

* OMITS SHANGHAI

The exchange credit extended to

S.S. S.S.

measure.

It is pointed out in London that the Japanese have always, main- that 1 stable Chinese tained

still carried on by native methods. China by Britain is being criti- Every year Szechwan's sugar cised in Japan as being a political Industry nets the native producera and merchants well over $20,000 000. It has been estimated that no less than 10,000,000 Szechwan people or one-sixth of the whole currency is in the interest of the population depend directly

or i Japanese-China trade. That trade Indirectly on the Industry, · will, therefore, benefit by the British credit scheme, though its purpose is, of course, to beneft British trade in China.

"ANNUAL YIELD According to the 1937 statistics of the provincial finance bureau which based its figures receipts.

the

Bugar

tax It is true that the extension of the credit is an event of major of annual yield sugar from Szechwan's 48 dis-importance and that it is bound to tricts amounted to 202,937,750 cat have farreaching consequences.. ties manufactured from

It is also true that these cane produced from 84,000 acres consequences will be largely political of land.

in so far as, the disintegration of Before the war started there were the whole Chinese economy may already six branches of the nabe averted, and of the principal tion's leading banks handling this conditions for an absolute Japanese prosperous trade and introducing victory thereby remain unfulfilled. modern business methods to the But the view taken in London is merchants. Four others includ- that this cannot be helped. ing the branches of the Central

ASSOCIATION Bank and the Bank of China!

Volume of Business Transacted on Thursday, March 23. H.K. Banks

5 $1,350.00 The Bank's Head Office in HK. Docks (cum. London undertakes Executor and div.) Trustee business, and claims rei yaumati

Income T&x covery of British overpaid, on terms which may be ascertained at any of the Agencies. and Branches.

R. A. CAMIDGE,

It would hardly have been possible out to refrain from "action taken to support Chinese credit with a view to protecting the big British com- mercial interests in China merely because the Japanese might fear that the ultimate political "con

CONFERENCE sequences would tell against them.

have been added since the break of the war.

300

17.50 PRODUCTION

Ferries

(N) China Lights (0) China Lights (0)

200

24.00

832

8.10

050

8.20

China Lights (0)

500

8.30

Manager.

Providents (0)

500

5.45

-The convocation of the National production conference, under the

"

THE CHASE BANK

Previdents (0) ... China "Lights (N) United Paracale 19,000 Masbate ............. 2,000

250

5.60

84

5.25 Ps.70 Ps.14

be ob 15, QUEEN'S ROAD CENTRAL

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 Berve and Undivided

Profita

5,598,600.00

2,883,012.01

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

Board of Directors:

Bir Shonson Chow, Chairman

Li Koon Chan, Esq. Li Lai Sang, Esq. P. K. Kwok, Esq. Wong ChuSea, Esq. Wong Tan Tong, Esq. Kan Ying Po, Bag. ChanChing her, Esq. FangPing Wab Erg.

Kaa Tong Po, Esq., Chief Minosger.. Li Tee Fong, Esq., Manager,

ARSOF

Batavia

Bombay Onionlin

Haiphong

Hackow

Branches and Agencies :--

Kowloon Pinser Singapore Bangoon Sourabaya Saigon Beatow Melbourne Bax Fran Bydowy

London

Hall

N

ezlana. Tientals,

Vancouver York Beattle

Hemarang Shanghal

Nix

Hrooluta Lobe

Paris

"Peiping..

ww

.

HEAD OFFICE:

18, PINE STREET,

CHUNGKING BANKS AID

NEW YORK DEPOPULATION

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

Interest Rates on Application.

SAFE, DEPOSIT BOXES

"D. M. BIGGAB,

Manager.

CHUNGKING, March 23 (Cen- tral)-One million dollars has, been set aside jointly by the Cen- tral Bank, the Bank of China. the Bank of Communications, and the Farmers' Bank of China in Chungking to finance thinning out of the wartime capital's populace and commer- cial concerns. ··

the

This Bank is entirely owned by THE CHABI NATIONAL ΒΑΝΣ,

The Chungking. authorities. in NEW YORK, with Resources overview of the indiscriminate bomb- U.S. $2,500,000,000.

ing of Chinese cities by Japanese 4 de- planes, have mapped out

Women, population programme. children, and people who have no particular business in Chungking, and shops and factories that have no necessity to stay in town are required to remove to the city's suburbs. There must be no un- necessary sacrifice in case of a severe bombing of Chungking by

JAPANESE LIMIT TRAFFIC TO CHINA

CHUNGKING, Mar. 22 (Central)

auspices of the Executive Yuan, CONSIGNEES' NOTICES

has been fixed for May 5 next. The session will last seven days.

Special importance is attached

the forthcoming conference, whose alm will be the development for the nation's agricultural, in- dustrial and mining productions. At the conference, past efforts will be examined and ways, and means de-* vised for the co-ordination of various production programmes.

A set of regulations governing

NOTICE TO

CONSIGNEES,

OCEAN STEAM SHIP CO, LTD.

AND

OHINA MUTUAL STEAM NAVIGATION CO., LTD.

NONSIGNEES per Co.'s Vessel

"EURYBATES"

FROM NEW YORK VA MANILA

Holik

June 3rd at 13 Noon

AND FORTNIGHTLY THEREAFTER

FOR NEW YORK & BOSTON

VİR SUEZ

PRESIDENT MONROE " Saila Mar. 29th at 9.00 PM. PRESIDENT ADAMS "

AND FORTNIGHTLY THEREAFTER

Apr 14th at 12- Noos

"FOR

MANILA

S.S.

-'S.S." PRESIDENT COOLIDGE"

“8.S.." PRESIDENT TAFT " S.S. PRESIDENT ADAMS'

PRESIDENT CLEVELAND "·

Sails Apr. 3rd at

Apr. 14th at 1.00 AM. Apr. 14th at 12 Noox

Apr 28th at 100 A.M.

Ꮀ

AMERICAN PRESIDENT LINES

ROUND WORLD SERVICES

TEL. 28171.

12, PEDDER ST

THE

... "HIRAM”

CHINA-SIAM

LINE.

2nd April

HONG KONG-BANGKOK

leaving Hong Kong 26th March via Swalow BONG KONG-SWATOW-AMOY ma “HAI LEE"" leaving Hong Kong Accepting Passengers & Cargo for all the above motioned porta. HONG KONG-BINGAPORE-PENANG-RANGOON Regular Express Bervice

leaving Hong Kong

ina. "HAI LEE"

8th April

Accepting cargo for all the above mentioned ports.

Excellent passenger accommodation available.

For freight, passage rates and all other information-Apply to :-

THORESEN & CO., LTD.

Tal. 30937.

General Agent».

Queen's Building,

the convocation of the conference are hereby notified that their Cargo CONSIGNEES' NOTICES CONSIGNEES' NOTICES

be discharged into will be submitted to a regular Wharf, Kowloon, where it will lie at meeting of the Executive Yuan for Consignees risk and subject to Terms approval.

and Conditions of Stange at Holf's Dr. H.H. Kung. President of the Wharf. The Cargo will be ready for Executive Yuan, will be the ex-off-Delives from Godown on and after

22nd Mar. clo chairman of the conference.

BRITAIN WANTS

PETROLEUM

FROM RUMANIA

Optional cargo will not be landed hore unless Notice has been given prior to Steamer's arrival, but carried on fron. port to port to the final port of call t which the option extends,

All broken, chafed and damaged Goods are to be left in the godowns, where they will be examined on way Tuesday,

LONDON. MAT. 23" (Reuter)—Mr. and Fridays between the hema of R.A. Butler stated in the House of 10.48 2. and Noor within the Frie Commons that the Rumanian Gov-Storage period.

No Ulama will be admitted after the emment was aware of that His

and all Goods remaining undelivered Majesty's Government desired the Gooda kare left the Steamer's Godows, parts of petroleum products to after the 29th Mar, will be rubject Britain should be maintained and to Rent that this was one of the questions All Claims against the Steamer muri. Japan's near sea routes, linking The various Szechwan highway to be discussed between the British be presented to the Undersigned on or com- and Rumanian commercial author-before the 12th Apr, or they will shipping Japan and China parts. will be administrations,

not be recognised.

No Fire Insurance will be affected monopolized by semi-official panies, and ricksha and sedan les

BUTTERFIELD & SWIRE. holding company, while a law will chair guilds have been instructed

Agents." be introduced for regulating China by the city authorities, to provide

22nd March, 1999.*

(24) navigation, Mr. Jiro Isetant, for transportation facilities.

&

'Japan's planes. - «

And

MAERSK LINE

Every description of Banking and Exchange business transacted. Director of the Shipping Bureau with the $1.000.000 credit, allotted CONSIGNEES', NOTICES Loans granted on approved

in the Ministry of Communica- by the four leading banks, shops; securities.

Current Accounts opened in Local tions, told the Lower House com will have no difficulty in establish- which 19 investigating ing themselves in nearby villages Currency and Fixed Deposits re-mittee, ceived for one

shorter legislation for ship-building sub- and towns. periods in Local and Foreign Our-sidies. rencies on terms which will be Vessels belonging to companies quoted on application.

Safe Deposit Boxes To Let

KAN TONG PO,

Chief Manager

year or

BANK OF CHINA

Specially Chartered by THE 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 Clients special facilities for Domestic and Foreign Banking and Exchange.

Head Office: SHANGHAI Hong Kong Branch:

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

CANTON

SWATOW SHIUCHOW

KONGMOON.

TOIBHAN KINGCHOW

navigating

outside the holding company, whose operation may conflict with the tn terests of the projected semi- official navigation company, would be prohibited from between Japan and Chine.

Only tramp vessels would be left unlimited in their operations, except in the transportation of staple commodities, Mr. Isetaní declared to the Diet committee.

To help solve the housing pro- blem which will arise, in those villages and towns as a result of the migration, the four banks have also agreed to invest jointly $10, 000,000 for construction purposes along the various national and provincial highways..

COMMUNICATIONS TO YUNNAN IMPROVED

NOTICE TO CONSIGNÈLS

THE MS

.:

NOTICE TO CONSIGNEES

OCEAN STEAM SHIP CÓ. LTD,

AND

CHINA MUTUAL STEAM NAVIGATION CO., LTD.

CONSIG PHILOCTETES

YONSIGNEES per Co.'s Tessel

FROM UNITED KINGDOY

VIA SINGAPORE

"ACADIA* having arrived from New York and Ports of call Consignees of Cargo are hereby notified that their goods are being landed and pinoed at their risk into the Hong Koms and Kowloon Wha Godown Company's godowns at Kow Joon, where delivery may be obtained as are hereby notified that their cargo will be discharged into Holt's Wharf 1000 se the goods are landed.

Optional cargo will not be landed Kowloon, where it will lie at consignees here, unless notice has been given 48 risk and abject to terms and condi- hours prior to vessel's arrival, but tions of storage at Holt's Where The A subsidiary company of the carried on from port to port to the final Carge will be ready for delivery from famous French automobile firm of port of call to which the option Godown on and after 23rd Mar, pol

extende

Cptional cargo will not be landed Renault is preparing to establish a

No Claims will be admitted after here, unises notice has been given prior trucking service between Hano! the Goods have left the Godowns, and to steamer's arrival but carried on and Chungking via Handi. ....

sil Goods remaining undelivered, after from port to port to the Sul port of The company plans to use new the 30th Mar, 1989, will be subject to call to which the option extends.

All broken, chafed, and damaged MOSCOW, Mat. 23 (Reuter) caterpillar tread trucks with | Rent.

All broken, chafed, and damaged Goods goods are to be left in the Godowns, Togo, the Japanese Ambassador in Diesel engines. The trucks are

are to be left in the Godowas, where where they will be examined on any Moscow, had his twentieth incapable of carrying loads of six terview with M. Maxim Litvino, and seven tons and are reported they will be examined on 29th Mar 1939, Tuesdays and Fridays between the at 10 am, by out Surveyors Mossra hours of 10.46 &.au. ad Noon within

the free storage period. the Soviet Commissar for Foreign to be able to convey these heavy Goddard & Douglas. Affairs, yesterday, regarding the loads over mountain roads at the | fisheries", dispute,

speed of twenty miles an hour.

20TH, INTERVIEW ON FISHERIES' DISPUTE

W

Although no progress was report- Thirty trucks have already beef ed, Japanese circles profess to feel assembled at Hanoi and more such optimistic of an eventual settle trucks are expected to be put to- We also handle the issue of ment. Mr. Togo stated wat Japan gether in the near future, the Bonds and other Public Funds of would participate in the auctions French sources sald, The Chinese the Chinese Government both at at Vladivostok on April 3, provided Government is buying some of the

the Soviet offered certain guaran- trucks, although the French cum Home and Abrad.

tees, the nature of which is at pre-pany is to operate the remainder

of the feet, they asserted: "Manager tent unknown.

SHOU J. CHEN,

No claims will be admitted after the To comply with the General Bonded Warehouse Begulations consignees Goods have left the steamer's Godown, must haves Revenue Officer in attend and all Goods remaining undelivered ance when damaged antiable goods are after the 20th Mar, will be subject to

rent. examined,

All Claims against the Steamer must ...All' claims korint par M

before the 18th April, or they will not 30th April, 1830, or they will not be be presented to the undersigned on or

be recognised. E recognised,

us before tha

No Laurance will be affected. Bills of Lading will be countersigned by

WEBSEN & C6;

Hong Kong, 23rd March, 1989,

No Fine Inanratice will be erected,

BUTTERFIELD & SWIRE,

98rd March, 1988.

SERVICES CONTRACTUELS DES MESSAGERIES MARITIMES

CONSIGNEE NOTICE."

8.8. CHENONCEAUX " VA/39.

BRINGING CARGO Fox MARSEILLES via SAIGON, etc.

ARKIVED HONG KONG ON SUNDAY, THE 19TH MAR, 1839.

UNSIGNEES are hereby informed that their goods with the exception of Opiam, Tressurs and Valuables are being landed & stored into the Godown of the Hong Kong, Kowloon Wharf Godown Co., Ltd., Kowloon, when delivery may be obtained immediately after landing.

All claims must be sent in to me on or before the 29th Mar, 1939, or

will not two recognized. Why was the recoill be eraanned by the Company's Surveyor, Mesra Goddard & Douglas in the presence of the Consignees at 10.00 .or Satur day, the 25th Mar., 1939.

Consignees must have a Revenue Officer in attendance when any dutiable goods ars examined by the Company's

Surveyors.

No Fire insurance will be effected by as in any case whatever.

B. OHL

Agent, Hong Kong, 19th March, 1939.

CONSIGNEES' NOTICE.

THE BEN LINE STEAMERS, LTD.

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

Tax &S.BENYORLICH".

ONSIGNEES of Cargo are hereby informed that all Goods are being landed at their risk into the bamidous and/or extra hazardous Godowni of. the Hong Kong and Kowloon Wharf and Godown Co., Ltd., whence and/or from the wbarven Delivery may- obtained.

No Claims will be admitted after the Goods have left the Godowns and all Goods remaining undelivered after the 25th Mar., 1939, will be subiect to rent.

All Claims against the steamer must be presented to the undersigned on or before the 8th April, or they will not be recognized.

To comply with the General Bonded Warehouse Regulations, consignees

must have a Revenue. Officer in atten dance when damaged dutiable goods are examined.

All broken, chated and damaged Goods are to be left in the Godowns where they will be examined on the 23rd Mar, 1939, at 9 am by Messrs. Carmichael & Clarke,

by

No Fire Insurance has been affected. Bills of Lading will be countersigned R. LOXLEY & CO. (CHINA); LTD,

Agents. Hong Kong, 18th March, 1939,

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