1939-03-25 — Page 13

MUNGKONG DAILY

PRESS

BANKS

SHANGHAI BANKING

HONGKONG AND

CORPORATION

Authorized Capital

........$50,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

H. K. STOCK

EXCHANGE

As the daily reports have shown, the market during the week has been overshadowed by the Euro- ! pean political situation. With the exception of HK. Banks, the week's ? turnover baš been smali WELC prices have tended to give way,

Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1853 | As, however, Board Trading keeps

Beserve Funds:

Starling

...........£5,500,000 Paid-up Capital H.K. Currency Reserve $10,000,000 Reserve Fund Reserve Liability of

Proprietors

Head Office:-HONG KONG

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

W. H. Lock, Eaq..

Chairman.

Deputy Chairmas.

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

D. P. Landale, Esq.,

G. Miakin, Esq.,

E. 8. Morrison, Esq..

Hon. Mr. T E. Pearos,

H. V. Wilkinson, Esq.,

Sir Vandeleur M. Grayburn,

Chief Manager.

Reserve Liability of Pro-

market „operations open,“ holders £3,000,000 } are not harassed by rumours of £3,000,000 | what has, or has not been done, but are kept ported, as to actual

prietors....... ‚£3,000,000 } business rutes. The result is that

HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2. Sub-Agencies in London: 117/122, Leadenhall Street, E.0.3.

West End Branch: 14/16, Cockapur Street, S.W.1. Manchester Branch:

71. Mosley Street, Manchester.

AGENCIES, AND BRANCHES: ALOE STAR HARBIN PENANG AMRITSAR HONG KONG · HANGOON BANGKOK

ILOILO

SAIGON ІРОН

BEREMBAN BHANGHAI SINGAPOR SITIAWAN

BATAVIA

BOMBAY

GAL QUETA

KARACHI

KLANG

AQINCLES KORE

CLIFE STREET

ALLIE PLACE KUALA

CANTON-

TONGEAN

(Bhukes)

Amoy

Branches:— Ipob

LUMPUR

NOURABAYA. TAIPING

Penang

Bangkok

Jobore

Rangoon

DAWNORI

KUCHING

TIENTSIN

Batavia

Kobe

Saigon

CEBU

MADRAS

COLOKRO

MANILA

Bumbay.

Kowloon SAD

Calcutta

Kuala

Francisco

DELHI

MEDAN NEW YORK

Canton

Chefoo

Colombo

Lyons

Dairen

Malacea

Sourabaya Sungei

+4

Lumpur Shanghai

London Singapore

Foochow Manila

-Patani Swatow Baiphong Muar Hamburg (Johore) Tientsin,, Hankow Mukden Tokyo Harbin New York Tsingtao

Yokohama Hongke Peiping Iloilo

נן

HALPHONO HAMBURG HANKOW

PRIFING

(Peking)

M

TRIXOTAO YOKOHAMA-

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT. ACCOUNTS opened and FIXED DEPOSITS received för 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.

Current Accounts opened in Local Currency and Fixed Deposita received for one year or shorter periods in Local and other 'Cur- The Bank's Head Office is rencies 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 Tax Boxes in various sizes To Let. overpaid, on terms which may be ascertained at any of the Agencies and Branches.

Hong Kong, 13th Mar. 1939.

HONGKONG SAVINGS

BANK

The Business of the above Bank

is conducted by the HONG KONG

R. A. CAMIDGE,

Manager.

THE CHASE BANK

& SHANGHAI BANKING COR- 15, QUEEN'S ROAD CENTRAL PORATION.

Rules may be ob

tained on application.

For the HoNO" Kong & SHANGHAI BANKING CORPORATION,

V. M. Grayburn,

Chief®Manager.

Hong Kong, 28th Feb., 1939.

BANK OF EAST ASIA,

LIMITED

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

5,596,000.00 Reserve and Undivided

Profits * 2,883,932.01

Head Office:-HONG KONG

No. 10 Des Voeux Road, Central

+

Board of Directora:

Bir Shouson Chow, Chairman

Li Econ Chun, Esq. Li Lan Bang; Eng. P. K. Kwok, Esq. WongChuSoa, Esq. Wong You Tong, Esq. Kan Ying Po, Esq. ChanChingBhek, Esq. FangPingWan Eng.

Kan Tong Po, Esq., Chia! Hanager. Li Tee Fong, Esq., Manager.

Amoy Balkris Bombay

Conta Haiphong Hankow Houdinis Zobe

Branches and Agencies:-

Kowloon Penand

London

Manila

Singapore

Rangoos Bourabaya Zalgon Bwtow Kelbourne Bass Fran. Eydney Nagaoka

laco Tiental New York Beattle Vancouver Bemarang

Pariz

Peiping Thangbil

HEAD OFFICE:

18, PINE STREET,

32 NEW YORK.

An American Bank offering com- plate Foreign Banking Service in the principal Markets of

the world.

Interest Rates on Application,

BAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHABI NATIONAL BANE, New Your, with Resources over U.B. $2,500,000,000.

D. M. BIGGAB,

Manager.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Ofcd-15, Gracechurch Street. London, E-CA

Authorised Capitat

Suberelted Capital

Paid-up Omplai

Kawerve. Pond "und „flest,

BANKERS:

The Bank of England and Midland

Bank, Ltd.

whilst prices are apt to mag in the absence of sustained, enquiries, any recession has" not "deen" brought about by over anxious holders,

BUSINESS DONE DURING THE WEEK Hongkong Bank, $1350, $1340, 31330. $1335, $1375, $1350, $1340.

Canton Insurance, $225. Union Insurance $480, $470, $465. Hongkong Fires, $195.

Docks $191, $19, $18), $17.90, $17),

$174. Providenta

(Old) $5.90, $5.40,

$545. Hotels, $8, $5.65.

Tramways $16.90, 416, $16.10. Yaumati Ferries (Old) $25.30. China Lights. (Old) $8.70. Electrics $55).

Sandakan Lights $11.10, $104. Dairy Farms C. div. '$24,90. Dairy Farms ex div. $23.65.- Watsons $9.

Vibro Pilings c. div. $7.20. CLOSING QUOTATIONS 4'P.M. (CHANGES) BUYERS

Hongkong Bank, $1350. Union Insurance, $467).... HK Docks, $174.

H. & S. Hotels $54. ' HK. Tramways," $16.10. China Lights (New) $54. Sandakan Lights, $111. Canton Ices, $1. Entertainments, $6). "

HK, Govt. 4% Loan 4% prem HK. Govt. 34% Par.

2.

SELLERS

Union Insurance, $470. Watsons, $9.10. Vibro Piling e, "div"$6.30;

SALES

Hongkong Bank, $1350. Union Insurance, $470,

H.K. & K. Wharves $117 cum div. H.K. Docks, $17).

H. & 9 Hotels, $54.

H.K. Tramways; $18:10,

China Lights (New), $535. H.K. Electrics, $551. Marsmans (H.K.), 5/-,

Philippine Gold Mining Quotations on Friday, March 24 Antamoks Atoks

Bastio Gold

Benguet Consol........... Coco Grove Consol. Mines Demonstrations 1. X. L

Paracate Guma us

Ban Mauricio

Suyor Consol,

United Paracales

Market Comment.-Steady.

HONGKONG

41 384 201

FINANCE

WEEKLY RETURNS AND REPORTS

· BANK OF ENGLAND

London, Mafch 23 (Reuter). Mar. 18 Mar, 23

SATURDAY, MARCH 25, 1939-PAGE 13

PRESIDENT LINER

Sailings

FOR SAN FRANCISCO & LOS ANGELES

via SHANGHAI, KOBE, YOKOHAMA and HonoluLU- *8.8. * PRESIDENT PIERCE"

PRESIDENT COOLIDGE" 8.8 " PRESIDENT TAFT *

Sails Mar. 19th sù 400 P.M.

Public Deposits Other Deposits:-

Banters

Other "Accounts TOLAI

Other

Total

Notes and Coins

Total Bullion

Notes in circulation

*

10,530

28,800

106,470

*: 92.210

$35.550

35,710

142,020

127,920

Clavernment Securities

97,530

99,410

her Securities:-

Discounts and Advances

1710

Securities

21,700

3,180 €22,490 ·

88.

29,410

25.810

40.840

*0.730

277,680

227.340

BB." PRESIDENT CLEVELAND"

477,250

477,410

31.66%%%

3177

6.8. "PRESIDENT PIERCE " B.S." PRESIDENT COOLIDGE"

"

* OMITS SHANGHAI

›

New York, Mar. 23 "(Reuter), Mar. 16 Mar. 23

(000's omitted)

1,000

US Securities held

*2,584,000

Federal Reserve Ratio

84.36%

Federal Reserve Credit Outstanding Monetary Gold Stock

2,595,000

14,983,000

Industrial Advance

14,059,000

1,000 €2,364,000 14.58% 2,573,000 15,075,000 14,091,000

Ratio of Reserve to Liabilities

FEDERAL RESERVE SYSTEM

Bills Bought

15 COMPANIES IN BRITAIN DEPENDS

- ACTION

Film Insurance Involved

J

"

ON CHINA'S

TRADE

A lengthy article on trade. rela- tions between Great Britain and China appeared in a recent edition of the "Financial Times,"

Intricate" questions of insurance] against losses on film productions

"The Chinese Ambassador, Dr. will be discussed when a series of Que Tai Chi, spoke on the vital actions are brought by the West-; need to open trading relations minster Bank Ltd. against 15 - when he addressed the Chamber surance companies.

of Commerce in Sheffield," the The first "case will probably be paper stated. "He thought that heard by Mr. Justice Branson on the future would show what the April 18 The companies named past had proved, that on the as defendants are: The Union In-balance, China was Great Britain's surance Society of Canton; Liver-greatest potential customer. pool Marine Insurance Co.: Cen- "That was bound to be so, not tury Assurance Co.. Northern As-only because their needs and ser- surance Co., Ltd.; British General vices were mutually complementary, Insurance Co. British Oak In-and not only because they had surance Co.: Indemnity Marine In-tested each other's characters, but Aurance Co.: the London Assurance also, because they had tried out Co: General Accident, Fire and each other's attitude. Life Assurance Corporation: Swit- "The threat to the Open Door" zerland General Insurance Co.; Sea principle was a threat to the very Insurance Co.; Guildhall Insurance lifeline of British prosperity, not Co. Canton Insurance Office Ltd.; Triton Insurance Co., Ltd.; Rail only in the interests of maintain- ing treaties intact, but in asserting Brothers Insurance Co., Ltd.

the right of full trade"

The actions arise, out of the practice of Insuring banks against losses on loans advanced to film CONSIGNEES' NOTICES producers. The total sum In- volved is believed to be something under £1,000,000,

Counsel have already been re- tained. The solicitors for "the Westminster Bank are A. Bright and Sons, George-street, E.C., and William A. Crump and Son, of Leadenhall-street, E.C.. are 112- structing counsel for the defence.

AND

LTD.

NOTICE TO CONSIGNEES

OCEAN STEAM SHIP CO

CHINA MUTUAL STEAM NAVIGATION CO., LTD.

VONSIGNEES per Co.'s Tessel

'BURYBATES"

FROM NEW YORK VA MANILA are hereby notified, that their Cargo be discharged into Holt's Wharf, Kowloon, where it all is st

MOTOR FUEL MADE|-3 1270 FROM VEGETABLES

42

00.3

151

62

Designees risk and subject to Terms

Bad Conditions of Storage at Holt's A motor-car that produces its Wharf. The Cargo will be ready for own fuel by "grazing on vegetables Delivery from Godown on, and after

and digesting chips of wood" has gnd Mar. 17 been developed by- a

205 Japanese, Mx. Akishige 191 sumoto.

72

SHAREBROKERS'

ASSOCIATION

Volume of Business Transacted on Friday, March 24

23,00,000

1,80,am

€2.054jono 21,247,880

Electricz

-100 $55.50

Hotels

: 3,000

5.50

BRANCHES:

Hotels

300

5.60

Trams

500

16.10

Ipok

V-dru

Krentar

New York

Trans

300

10.15

Kandy

Penang

Karach) Kota Bharu,

Hangoon

Ching-Lights (0)

1,500

8.10

Shangha

China Lights (N)

1,160 5.35

Galia Hongkong

Sonia Lipa

Bipla

Kuala Lumpur

Singapore

China Lights (N)

1,000 5.50

Kunda: Trengganu

500 1,000

250 5.45 5.50 Ps.40 4,000 P4.231

Bangkok Bombay Every description of Banking Caletta and Exchange. business transacted. Colombo Loans

granted

OX Approved D securities

Current Accounts opened in Local How Currency and Fixed Deposita re-

HONGKONG BRANCH.

enived for one year or aborter Every asscription of Banking and Exchange periods in Local and Foreign Curines transtedt

Ivellers Chaqu'es fepted,

UNDERTAKEN.

rencies on terms which will be TRUSTEE AND EXECUTORSHIP quoted an application.

Bafe Deposit Boxes To Let

KAN TONG PO.

Chief Manager.

BANK OF CHINA

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

i

BANK

Providents (O), Providents (0) Antamoks Itogona

"다

**CURRENT Local Our

PARA FLAND DEFORTIS red red is Local BUSINESS CONDITIONS that may be ascertained on application. Curren07, STEBLING & U. 8, DOLLARS on tagma

D. BENSON,

4.

Manager

IN CANADA

young Optional cargo will not be landed here Mat-loss Notice has been given pinor to Steamer's arrival, but carried on from port to port to the final port, of oil to Expected to revolutionize the which the option extenda. motor Industry, apparatus for producing "botanic fuel"

All broken, chafed sed damaged Goods will are to be left in the Godowia, whers they will be examined on say Tuesdays

be manufactured in a plant soon to be established near Boochow and Fridays between the hours of 10,45 13. and Noor with the Free Creek, the "Shanghai Mainichl,"

Storage period jago sald.

No Claims will be admiffed after the With Mr. Matsumoto's apparatus, | Goods have left the Steamir's Godowa, there would not be much difference and all Goods remaining undelivered except in speed between the trek after the 99th Mar., will be subject

To-Rent, of a dorikey train and a fleet of motorized vehicles, both stopping to feed on plants along the way, according to the journal,

All Claims against the Steamer must be presented to the Undersigned on or before the 12th Apr., or they will not be recognised.

NoTira Yakrknee will be affnetač “%,

BUTTERFIELD & BWIRE.

Agents.

CONSIGNEES' NOTICES March, 1929

MARISK LINE

NOTICE TO CONSIGNEES

THE MACADIA having arrived from New York and

NOTICE TO CONSIGNEES

OCEAN STEAMSHIP CO., LTD, AND

CHINA MUTUAL STEAM NAVIGATION CO., LTD.

CONSIGNERS per Co.'1 Tesse!

PRILOOTETES

Porta of call Consignees of Cargo" are] hereby notified that their goods are Candian business conditions as being landed and placed at their risk into FROM UNITED KINGDOM reflected in the widely represen- the Hong Kong and Kowloon Wharf &

vi£ SINGAPORE CANADA & URANIUM tative index of employment show Godown Company's godowns, at Kow

ed less than the usual decline foun, where delivery may be obtained as are hereby notified that their cargo MARKET

soon as the goods are landed. Penger will be discharged into Holta Wharf Fat the opening..... of $1939. The

Optional cargo will not be landed Kowloon, where it will he at conmignees The discovery of radium. has seasonal loss of employment was here, unless notice has been given 48 rk and subject to terms, and condi placed Canada. in a prominent also less than at the opening of hours prior to vessel's arrival, but tions of storage at Holt' Wharf. The PAID-UP, CAPITAL $40,000,000.00,

position in the world uranium 1938. Bank clearings for the Arst carried on from port to port to the Anal Care will be ready for delivery from (BRANCHES ALL OVER CHINA)

market, as well as in the supply of three weeks of 1939 were like port of call to which the option Godown on and after 23rd Max.

extends. one of the most important modern wise higher than in the previous Owing to our numerous Branches adjuncts of medical science. year.

No Claims will be admitted after here, unlear notice has been given prior Walls December failed to the Goods have left the fiodowas, and to steamer's arrival but carried on in China and connections in the Uranium has long been used in the maintain, the improvement obal Gooder remaining undelivered, afer from port to post to the final port of principal Commercial Centres of the World, we are able to extend ceramic industry, both on this served in the two previous months. the 30th Mar., 1989, will be subject to call to which the option extends.

Al broken, chafed round damaged 26 the conditions in. the haric Indus Bent to our Clients special facilities for continent and abroad,

are to be left in the Godowns, Domestic and Foreign Banking and colonting agent in the production of try, or agriculture were favour“

they will be mined on any Exchange

certain shades of yellow and deep | äble,za orange in glazen and ginas, CRITE Iran and steel production

hour of

Head Office: SHANGHAI

Hong Kong Branch;

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

CANTON SWATOW

KONGMOON TOISHAN

SHIUCHOW KINGOHOW

All broken, chated, and damaged Gooda are to be left in the Godowns, whore

Optional caree will not to landed

they will be examined on 29th Mar 1930- Whers and Frames but can the

the free storage perioditted after the

No claims will be

Warehouse Regulations comagnees Goods have left the steamer'a Godown, must have a Horense Officer in attend- and all Goods remaining undelivered examined. ance when damaged dutiable goods are after the 30th Mar,, will be subject to

All claims must reach me before the

Canadian uranium is produced ed decreases but - prices firmed. | Goddard & Douglas by the Eldorado Gold Mines Limited |- Automobile sales rose in the last To comply with the General Bonded at its refinery at Port Hope, On three months of 1938. - December fazio, in the process of extracting bank debita recorded's gain "over radium from the pitchblende de- November after seasonal adjust posits of the company at Great "ment" as did the inder for con-

All Claims against the Stonier muĘ We also handle the mue of Bear Lake in the North West Ter tracts awarded in the construc- 30th April, 1939, or they will not be be presenteds to the undersigned on or before thé 19th il pril, de, köty, will mes External trade : recognised, Bonds and other Pablo Funds of ritories. Both radium and mankum tion industry.

No Immanes wil the Chinese Government bath at were previously simplied almost was still on a low level and cont

Bills of Lading wil Home and Abroad.

entirely from Belgian sources; but | tinues to exert "at" - unfavourable Canada is nów sa important com- "Influence on business within petitor in both fročtiéta,

Dominion,"

SHOU I CH

the

Hong Kong, Fiet

“BUTTERFIELD * SWIB

3rd March 1990.

via SUKS

Aphr.' 10th as 8.00 AM.

Ápr. lat at 800 A.M

May 5th at 8:00 AM. May 19th at 6,00 AM/ June 3rd at 13 NOON

Saila Mar. 29th at 9.00 EM.

+2

Apr 14th at 12 Nook

AND FORTNIGHTLY THEREAFTER

FOR NEW YORK & BOSTON

9.8. * PRESIDENT MONROE "- 8.8. PRESIDENT ADAMS"

AND FORTNIGHTLY THEREAFTER.

FOR

S.S.PRESIDENT TAFT '

8.8. "PRESIDENT ADAMS *

MANILA

5.9.

PRESIDENT COOLIDGE"

Sails Apr. 3rd at

Apr. 14th at 1.00 A.M.

Apr. 14th at 12 Noor

S.S." PRESIDENT OLEVELAND · ·

Apr. 28th at 1.00 AM.

AMERICAN PRESIDENT LINES

ROUND WORLD SERVICES

TEL: 28171.

12, PEDDER ST

Priestina

floyd

FORTNIGHTLY

EXPRESS SERVICE

FAR KAST-INDIA---ITALY

Hongkong-Loudon 23 days Hongkong-Italy- 21 days

SCHEDULE OF SAILING FROM HONGKONG

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

25th Mar. IB.V. "VICTORIA" LA "CONTE VERDE 7th Apr. 11. “C. BIANCAMANO” 20th Apr.

"CONTE ROSSO" 19th May. m.v. "VICTORYA": 27th May

TO SHANGHAI

2.5. "CONTE VERDE 81st Mar. 14. “C. BIANCAMANO” sard Apr. 8.3. "CONTE ROSSO" 5th May. 20th May. m.r. "VICTORIA”. 5.5. "CONTE VERDE" 2nd June

LLOYD TRIESTINO

P.O. Box 143. Tel Address "Lloydiano"-Telephones”

22382 Passinge 32983 Freight

HAMBURG-AMERIKA LINIE

Far Eastern Eail. Passenger & Freight Service

P

Through hookings to America via Europe and Europe via America. Bootings around the world. -- Through bookings to London.

Kobe

OUTWARD SAILINGS *m.7. "RAMSES". ......for Shanghai, Dairen, 'hais,

....29th Max. m."KULMERLAND' for Shanghai, Dairen, Taku,

Taingtao, I hisma, Kobe, Oaks 8th April ' NORDMARK”.

"................. for S'hai., Dairan, Kobe, Y'bama,

serraromás mikeanj aku lēti ápril· HOMEWARD SAILINGS

M.T. "BURGENLAND" for Genos, E'dam, Hamburg... 29th Mar. "OLDENBURG”.....Geżios, A'warp, R'dam Bbng....sad April .." RAMSES......for Genos, Antwerp, R'dam, B'burg 25th April

* Freighter with Passenger Accommodation.

LOS

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

HAMBURG AMERIKA LINIE

JEBSEN & CO., AS.

12, Pedder Street, Tel. 31206-6.

CANTON AGENTS: CARLOWITZ & CO., Shakee Road.

MAERSK LINE

Fast regular FREIGHT and PASSENGER SERVICE

SHANGHAI and JAPAN

ANGELES, PANAMA, NEW YORK, BOSTON

PHILADELPHIA & BALTIMORE.

If intrident Indinsiment offere also other ports of call,

Arrivaða from USA.

4th April 19th April fet May

MYMARÜHEN MAERSK ".

WV. ANNA MARRSK" 3.7.-"IVARANKATALA

LYNIEL MARBOK

Ballings to U.B.A

17th Mar

17th April

(All dates are subject to alteration without notice.) -// EXCELLENT ACCOMMODATION FOR PASSENGERS AT MODERATE RATES,

JEBSEN & CO

110918, -

watow Ageuth ALBR BORSE.