1939-04-29 — Page 13

MUNGKONG DAILY PRESS

BANKS

HONGKONG AND

SHANGHAI BANKING

CORPORATION

Authorised Capital $50,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Issued & Fully Pail-Up $20,000,000 | Incorporated hy Boyal Charter, 1853 Beserve Funds:

Sterling

.....£8,500,000

HK. Currency Reserve $10,000,000 |Paid-up Capital Reserve Liability of

Proprietors

Head Office:-HONG KONG

Board of Directors.

Hon. Mr. A; L. Shields,

W. H. Lock, Esq...

Reserve Fund

£3,000,000 £3,000,000

£3,000,000

$20,000,000 Reserve Liability of Pro-

prietors..... HEAD OFFICE: LONDON: 33, 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:

Chuirman.

Deputy Chairman.

J. K. Bousfield, Esq..

A. H. Compton, Esq.,

Hon. Mr. S. I. Dodwell,

D. F. Landale, Eng.,

G. Miskin, Esq.,

K. S. Morrison, Esq.,"

Hon. Mr. T. E. Pearce,

H. V. Wilkinson, Esq.,

Sir Vandeleu, M. Grayburn,

Chief Manager..

Branches:-

Amoy

Ipoh

Penang

Bangkok

Johorr

Rangoon

Batavia

Kobe

Saigor

Bombay

Calcutta

Canton

Chefoo

Colombo

Kowloon San

Kuala... Francisco

Lumpur Shanghai

London

Hamburg (Johore) Tientsin

Singapore

Lyons Sourabaya

Dairen

Malacca

Sungei

Foochow

Manila ..

Haiphong Muar

Patani Swatow

Hankow

Mukden Tokyo

Harbin

New York Tsingtao

Hongke

Paiping Yokohama

Iloilo

Accounta opened

Н

71. Mosley Street, Manchester.

AGENCIES AND BRANCHES:

ILON STAR

PENAÑO HARBIN ¿MBITHAR HONG KONG RANGOOM

ILDILO

BAIGON

ІРОН KARACHI KLANG

BANGKOK

BATAVIA

BOMBAY

CALCUTTA

AGENCIES: KVER CLIVE STREET

FATULIE PLACE IUALA

CANTON

JAW SPORE CRSU

COLOMBO

"LUMPUR

LUCHING

MADRAS

MANILA

SEREMBAN

BHANGHAI

SINGAPORE

.. SITIAWAN

BOURABAYA

TAIPING TIENTALN

TONGEAH

(Bhuket)

DELHI

MEDAN

HAIPHONG

HAMBURG

NEW YORK PEIPINO.

TBINOTAQ ΥΟΚΟΗΑΜΑ

HANKOW (Peking)

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS- opened and FIXED DEP08178 received for One Year or aborter periods in Local or Other Currencies at rates which will be quoted on application. Current

SAVINGS ACCOUNTS also opened in Local Currency and Fixed Deposite Local Currency and Sterling with received for one year or shorter interest allowed at rates obtainable periods in Local and other Cur-on application. rencies on terms which will be The Back's Head Office in quoted on application.

London undertakes Executor and Also up to date Safe Deposit Trustee "business, and claims re- Boxes in various sizes To Let.

Hong Kong, 13th Mar. 1900.

HONGKONG SAVINGS

BANK

The Business of the above Bank

is conducted by the HONG KONG

& SHANGHAI BANKING COR PORATION. Rules may be ob

tained on application.

For the HONG 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 5,508,600.00 Beserve and Undivided

Profits

11

of British covery

Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.

H. K. STOCK

EXCHANGE

During the week "under review the market was on the quiet alde and the turnover on a restricted scale. Prices were fairly well- maintained and buyers, were will- ing to negotiate at quotations but with little response from Holders.

BUSINESS DONE DURING THE WEEK

HK. Bank, $1355. $1365, $1375,

$1363.

Canton Is., $222).

Union Ins. (ex div.), $440,

Steamboats, $18, ".

Wharves, $100,

Docks, $161.

Providents, $4.30. $4.40, 543, $4,60,

$4.30.

Hotels, $5.20, $51.

Lands, $33, $331, $32.90, $321.

Renities," $4.20 34.

Tramways, $16.10,

$181,

$164.

$16.40, $161. China Lights (0, $8.30,

$8.50,

$3,30,

China Lights (N), 50,40. Electrics, $55, $54). ... Telephones (0), $22.

Cements, $12.90..

Dairy Farms (ex rts.), 3201.. Dairy Farms Rts, $15.

Govt. 4% Loan 4% prem Govt. 31% Loan pár.

CHANGES P.M. (CLOSING QUOTATIONS)

BUYERS

H.K. Docks, $18.

H. & S. Hotels, $5.15:

SELLERS

China Lights (N), 351, Telephones (0), $22.

SALES

Providents, $44.

China Lights (0), $8,30, China Lights (N), $5.40.

PHILIPPINE GOLD MINING QUOTATIONS Friday, April 28, 1939.

Centavos

Atoks

Antamoks

33 31

Baguio Gold

24+

Coco Grove

34

Consol. Mines

Hanager

Consol, Mines

14

Itogons

25

Paracale Gumaus

15

THE CHASE BANK

San Mauricio....

99

R. A. CAMIDGE,

1, QUEEN'S ROAD CENTRAL

HEAD OFFICE:

18, PINE STREET,

NEW YORK

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

SAFE DEPOSIT BOXES

2,887,932.01 This Bank is entirely owned by THE CHASE NATIONAL BANE,

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

Board of Directors:

Bir Shoun Chow, Chairmati

Li Koon Chan, Esq. Lan Bang, Esq. P. K. Kwok, Esq., WongChuSon, Esq. Wong Yun Tong, Bag. Kan Ying Po, Esq. ChanChingBhek.Esq. FungPingWab Esq.

Kan Tong Po, Esq., Chief Manager. Li The Fong, Esq., Manager.

Amoy

Hataris Bombay.

Haiphong

Konsula Kobe

Branches and Agencler :-

Kowloos Pranc Singapore London Rangoon Bouralnys

Saigon Swatow Melbourne San Fran Bydney Nagtanka digos Tentan New York Beattle Vancouver

Par Bemarang Pelping

Stanghal

NEW YORK, with Resources over

U.S. $2,500,000,000.

די ་

D. M. BIGGAB,

Manager.

United Paracales North Camarines

Market "Comment" Steady.

HONGKONG

FINANCE

Kunming Is Growing Industrially, Culturally Militarily, Civically

FORMERLY

KUNMING, APRIL 28 (CENTRAL)—KUNNING. KNOWN AS YUNNANFU, WAS, IN PREW-WAR DAYS, ALMOST A WORLD BY ITSELF. Twenty-two months of protracted resis- tance against Japanese invasion have advanced this city im- measurably.

culturally,

Everything in Kunming is growing-industrially, militarily and civically. Authoritative sources reveal that a total capital of $100,000,000 has been invested for developing yuanan's mining industry, agriculture and other heavy and lignt Industries. Factories, houses and offices are being constructed with credible ∙rapidity; population bas increased from 180,000 to 220,000 and thé. scenic spots, for which Kunming is famous. are being beautified to the delight of all visitors.

A casual visitor to Kunming will the National Sun Yat-sen Univer-

In all probability not be impressedsity, the National Tungchi Univer-

the by the appearance of, the city. Hesity,

National Gcological may be disappointed when he Survey Branch, the National Art reaches the small, tranquil railway Academy and the National Peiping station. The main street, which is Library about two miles in length, is not Kunming is best known to the macademized. The overwhelming world at present as the interna- majority of the houses are made oftional gateway to free China. It is wood, Motorcars are scarce, taxis now the China terminus of the almost unobtainable: there are no newly constructed Funnan-Burma buses or trams. Rickshas are the highway. This 930-kilometre high only means of travel. Nevertheless, way will be officially opened for despite the outwardly primitive general traffic very soon, ac- appearance of Yunnan, the real cording to a high official of the work of growth and construction | Yunnan-Burma Highway Construc is proceeding space.

tion Bureau. It is also the terminus Endo-China- cf "French-owned

MINING INDUSTRY Reconstruction in Yurnan is Yunnan Rallway, and of the Hanol- advancing along many lines: For Kunming al line. Soon it will be the mining industry the Yunnan the terminus, of another interna- that will start [provincial authorities set up early tional air route

this year in collaboration with the trom London and be routed National Resources Commission a through Rangoon,

'

tentative capital of $2,000,000 to In 1942, it will be the terminus exploit copper and other mines in of the Yunnan-Sarma Railway North Yunnan. For agriculture the already under construction, but by provincial government has bor-then, the provincial authorities from various hope, it will give entrance to a $1,000,000 Chinese banks to stimulate scienti-free China that is once more all ac practices

rowed

China.

CONSIGNEES' NOTICES |

RICKMERS LINES

NOTICE TO CONSIGNEES

The Yunnan Cotton Spinning and Weaving Company's mill has been greatly expanded. When it was opened on August 1, 1937, it had a capital of $1,000,000, but now it is worth more than $3,000- 0023 000, and will be expanded to a $9,000,000" enterprise. Every one of the 600 workers, 80 per cent. of whom are women, from factory foremen down to cloth cutters, is 59. yunnanese. Although its producing

"CLAUS RICKMERS" 44

capacity is not very large, the mil Quietly operates 5,200 spindles and about having arrived from Hamburg and 100 weaving machines, and it is Ports of call, Consignees of Cargo are attracting the

attention of hereby notified that their goods are being landed and placed at their risk. numerous visitors.

into the bong Kong & Kowloon Wharf & Godown Company's godowns st Kowloon, where delivery may ba obtained as soon as the goods are landed.

SHAREBROKERS'

ASSOCIATION

Volume of Business Transacted da Friday, April 28, 1939, Landis

100 $32.50 500 China Lights (N)

5.40 Lands

10

32.00

CHINA'S FOREIGN

•

Kunming has now become one of the cultural centres of " China. The highest institutions of learning, fncluding the Aca- demia Sinica, are now located at this frontier tow and are äll brisk with activity,

THE SS.

THE

All broken, chafed, and damaged Goods are to be left in the Godowns where they will be examined or 3nd May, 1839, at 10 am. by our Bur veyors Meara, Goddard and Dongian

Optional cargo will not be landed here, unless notice has been given 48 hours prior to vessel's arrival, hai the carried on from port to port "The Southwest Associatea foal port of call to which the option Universities in Pelping and the extends,

No claims will be admitted after the Nankai University in Tientsin, la Goods have left the Godowns, and all carrying on its work at the suple goods remaining undelivered after the yet handsome campus of the Sri May, 1939. will be subject to TRADE

Kunming Agricultural College. The rent. University has an enrollment of CHUNGKING, April 28 (Central) 2,500 many of whom walked all -China's total imports from Jan- the way from Japanese "occupied uary to March in the current year areas to Kunming; the faculty and reached $271,740,000 and "exports administrative members number

To comply with the General Bonded $193,810,000

around 300,

Warehouse Regulations consignees As compared with the corres-- Other Institutions that have must have a Revenue Officer in panding period in 1938, this year's made

of attendance her damaged rimtiable the neighbourhood imports showed an increase of $42,- Kunming their sanctuaries include goods are examined

All claime must reach as before the 760,000 and exports an increase of the Chung Cheng Medical College, and Jane, 1939. or they will not be 2,000,000 $59,650.000. £1,800+00

recognized. £1,060,000

No Insurance will be effected. #1,247,830

Bills of Lading will be countersigned

JEBSEN & CO. Agents.

THE MERCANTILE

· BANK OF INDIA, LIMITED

Head Ofca-15, Gracechurch

London, DG3

Authorised Capital Subscribed Capital Paid-up Capital Reserve Wind and last,

BANKERS:

Street,

The Bank of England and Midland

Bank Ltd.

Every description of Banking Bangkok and Exchange business transacted. Sombay Lonas granted on approved a securitien

Current Accounts opened in Local Currency and Fixed Deposits ro ceived for one year or shorter

Colombe Dethi fla Hongkong Bowrah

BRANCHES.

Ipoh

Madras

Knantan

New York

Kindly

Karachi

Kota Bharu

Suala La

Kunia Lompar

Penang itango Shangha Bimia Singapore

Kunia Trengg HONGKONG BRANCH.

Every description of Banking and Exebang

periods in Locs! and Foreign Cur rencies on term which will be besinem transacted. quoted on application.

Safe Deposit Boxes To Let.

KAN TONG PO,

Travellers Cheques Lamsed,

TRUSTEE AND EXECUTORSHIP UNDERTAKEN. Chief Vanager.ety and FIXED DEPOSITS received In Local CURRENT ACCOUNTS opened In Local Our

Currency, STERLING & U; 8. DOLLARS on trema thai may be watertained on application,

D. BENSON.

BANK OF CHINA

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

BANK

IMPORTS, EXPORTS

SHOW INCREASE

exports both

LONDON, April 28 (BWS)-On PAID-UP CAPITAL $40,000,000,00

(BRANCHES ALL OVER CHINA) the basis of declared values importe

and

United of Owing to our numerous Branches in China and connections in the Kingdom goods and of imported merchandise were greater last principal Commercial Centres of the World, we are able to extend quarter than in the first quarter to our Clients special facilities for of 1935. Allowing for intervening Domestic and Foreign Banking and price changes, the volume of im Exchange.

Head Office: SHANGHAI Hong Kong Branch

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

CANTON SWATOW SHIUCHOW

KONGMOON TOISHAN KINGCHOW Wa' also handle the issue of Bonds and other Publio Funds of the Chinees Government both at Han and Ahroid.

ports shows 124 per cent. Increase and that of domestic exports 81 per cent. advance, but re-exports. 7 per cent. reduction,

...

Compared with the first quarter ol 1938 both imports and re-exports declined in volumé by 3 per cent while exports rose by 3 per cent,

The situation of these two coun- tries would, however, become di the world war it la totally unlikely that any large loans would be ager granted..

CHOU J. CHEN,

༣

BROKERS LOANS

New York, Apr. 27 (Reuter). Loan on securities to brokers in

New York:-

Week-ended ·

20/4/39 $551,000,000

Week-ended

27/4/39. $547,000,000

by

YUNNAN SUBSIDISE EXPORT PRODUCTS KUNMING, April 28- To stimu-Hong Kong, 28th April, 1939 late Yunnan's export trade, the Yunnan Provincial Export and Im- port Commission has decided to subsidise 36 kinds of products, in- cluding pigskin and sheepskin, for

Exports of Canadian cheese "in export.

T

[338

CONSIONEES' NOTICE.

January, mostly destined for the

The Commission will also have THE BEN LINE STEAMERS, LTD... United Kingdom, amounted to 1.- the authority to fix prices for these

From LEITH, MIDDLESBRO", 329,500 pounds as compared with products according to market re-

ANTWERP, LONDON 354,700 pounds a year ago.

İquirements:

AND STRAITS

זי

WEEKLY RETURNS AND REPORTS

Public Deposita

Other Deposits:

Bankers

."

BANK OF ENGLAND

Other Accounts

Total

£

April 20

*

London, April 27 (Reuter).

April 13

22,130

26.900

90,470

91,420

38,830

37,590

135,300

129,010

Government Securities Other Securities

101,980

107,150

Discounts and Advances Securities

6,740

24.230

22,340

30,970

28,510

Notes and Coins

42,170

38,010

227,180

227,090

Notes in circulation. "Ratio of Reserve to Liabilities

485,000

26,78%

489.080

24.38%

Total

Total Bullion

FEDERAL RESERVE SYSTEM

Tax 88. BENCRUACHAN."

Cinformed that all Goods are being CONSIGNEES of Cargo are hereby

fanded at their risk into the hazardous and/or extrs hasardous. Godowns, of the Hose KozO AND KOWLOON WHARF AND GODOWE COMPANY, LTD., whense and/or from the wharyas Delivery may be -jabtained

SATURDAY, APRIL 29, 1939-PAGE 13.

PRESIDENT LINER

Sailings

FOR SAN FRANCISCO & LOS ANGELES

May 19th at 12.01 A.M.

11

June 3rd at 1 Noom. June 18th at 1201 A.M;

via SHANGHAI, KOBE, YOKOHAMA and HONOLULU 38. "PRESIDENT CLEVELAND " Sails May 5th at 19.01-A.M.

·S.S. “ PRESIDENT PIERCE" 8.8. "PRESIDENT COOLIDGE" 38. " PRESIDENT TAFT” 35. "PRESIDENT CLEVELAND

June 30th at 18.01 A.M. #9.8. “ PRESIDENT PIERCE ?

July 14th at 12.01 A.M. AND FORTNIGHTLY THEREAFTER

19

FOR NEW YORK & BOSTON

VIA SUEZ

SS." PRESIDI T HARRISON " Sails May 12th at 12 Noon S.S. PRESIDENT, PⱭLK""

June 9th at 12 Noom

11

AND FORTNIGHTLY THEREAFTER

FOR MANILA

S.B." PRESIDENT PIERCE" S.S. "PRESIDENT HARRISON " 8.8. PRESIDENT COOLIDGE" S.8" PRESIDENT POLK"

Sails May 12th at 1.00 A.M.

May 19th at 12 Noon

May 26th at 9.00 P.M. June 9th at 12, Noom"

AMERICAN PRESIDENT LINES

ROUND WORLD SERVICES

12, PEDDER ST.

Triestina

Lloyd

#....

4.

TEL. 28171.

FORTNIGHTLY

EXPRESS SERVICE

FAR EAST-INDIA-ITALY

Hongkong-Loudon 23 days 21 days Hongkong-Italy

TO SHANGHAI

SCHEDULE OF SAILING FROM HONGKONG" TO MANILA, SINGAPORE, COLOMBO, BOMBAY, 'EGYPT & ITALY

2. "C. BIANCAMANO" 29th Apr. Ba. "CONTE ROSSO" 12th May 8.5. "GIULIO CESARE” goth May my. "VICTORIA" 27th Mays. "CONTE VERDE" 9th June

X.3.

LLOYD

8. "CONTE ROSSO"

m.v. "VICTORIA"

15.

6th May.

20th May.

"CONTE VERDE 2nd June

"C. BIANCAMANO" 25th June LL "CONTE ROSSO" 7th July

TRIESTINO

P.O. Box 143, Tel Address “Lloydliano-Telephones 32882 Passenger

32983 Freight

HAMBURG-AMERIKA LINIE

Far Eastern Mail, Passenger & Freight Service

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

OUTWARD. SAILINGS

* m.v. "DUISBURG”..................... for Shanghai, Dairen, Y’hamu,

Kobe

8th May m.v. "SAUERLAND.............for Shai, Dairen, Kobe, Yhams,

19th May 1.3. "PREUSSEN”............ ...for Shanghai, Dairep, Kobe,

Yasma......

........ 3rd June

..

HOMEWARD SAILINGS m.v. “RAMSĖS”.........for Genos/Antwerp, R'dam, B'burg 19th April * m.v. * KUI MERLAND” for Genoa, R'dam, Hamburg .....16th May 38. “NORÐMARK”.....forțAntwerp, Rotterdam, B'burg...30th May

* Freighter with Passenger Accommodation:

For further particulars and passage fären, etc. apply to:--

HAMBURG-AMERIKA LINIE

JEBSEN & CO., A.

12, Pedder Street, "Tel 81205-8,

CANTON AGENTS: CARLOWITZ & CO., Shakee Road.

LINE

MAERSK LINE

Fast regular FEEIGHT and

·PASSENGER SERVICE ·

SHANGHAI and JAPAN'

No Claims will be admitted after the LOS ANGELES, PANAMA, NEW TURKMEN

Goods have left the Godowns, and sil Gooda remaining undelivered after the 20th April, 1939, will be subject to rent. 6,170 All to the Undertigued on gr All Ülaims against the Steamer must

"New York, April 27 (Reuter).

April 20 April-27

(000's omitted)

Bills Bought

0.8. Securities held

1,000 2,564,000

Federal Reserve Ratio

84.92

Federal Reserve: Credit Outstanding

2,591,000

1,000 2,564.000 85.15% 2.580,000

Monetary Gold Stock

15,714.000

Industrial Advance

13.291,000

16,605,000 13,478,000

before the 14th May, 1939, or they will not be recognised.

To comply with the General Bonded Begulations, conmignani Warehouse must have a Revenue Officer in attend. sace when damaged dutiable goods are examined. A

All broken, chafed and damaged Goods are to be left in the Godowns, where. they will beeramined on the 28th April, 1989, at 9 am by Messrs. Carmichae & Clarke.Whe

No Fire Insurance has been affected Bill of Lading will be amintersigned by W.B. LOXLEY A C2. (CHINA) LTD,

Agenta. Hong Kong, 4th April, 1930.

BOSTON

PHILADELPHIA & BALTIMORE.

If sufficient indicement offer also other ports of call.

Arrivals from U8.A.

2nd May

14th May

M.V. ANNA MAERSK”

M.V. "NIEL MAERSK"

M.V. "LAURA MAERSK"

Ballinge to DB.A

29th April 97th May

lib June

fAll dates are subject to alteration without notice.) EXCELLENT ACCOMMODATION FOR PASSENGERS

AT. MODERATE RATES. **

For Freight and Passge please apply

JEBSEN & CO.

Canton Shameep, B.C.

Agents Hong Kong, Fedder Building.

Tel. 31205-6.

TOL 10916.

Swatow Agenta: GEBR ROESE.

TL 1658,