1939-05-19 — Page 13

HONGKONG DAILY PRESS

BANKS

HONGKONG AND

SHANGHAI BANKING

CORPORATION

Authorised Capital $50,000,000

THE CHARTERED

BANK OF INDIA, AUSTRALIA & CHINA

H. K. STOCK EXCHANGE

turnover

The

small but again business reported on better levels than the opening quotation It would appear that bargai hunters are still on the look out for soft snaps, but holders con- tinue to display a quiet patience

liquidate or meet demands at low prices. £1,000,000 £3,000,000

Issued & Fully Paid Up #20,000,000 Incorporated by Royal Charter, 1855 | and are not showing andely to Reserve Funds.:

£ 6,500,000

Storling

Proprietors......

Board of Directors.

Head Ofce-HONG KONG

E.K. Currency Reserve $10,000,000 Paid-up Capital Reserve Liability of

Reserve Fund .......$20,000,000 Reserve Liability of Pro-

prietors........ £3,000,000 HEAD OFFICE: LONDON: ·

38, Bishopsgate E.C.2. Sub-Agencies in London: 117/122. Leadenhall Street, E.C.3. West End Branch: 14/18, Cockapur Street, S.W.1. Manchester Branch:

Hon. Mr. A. L. Shields, W. H. Lock, Eaq...

Catieman

Deputy, Chairman,

J. K. Bousfeld, Esq., " A. H. Compton, Esq..

Hon. Mr. S. H. Dodwell,

D. F. Landale, Esq.,

G. Miskin, Esq.,

K. 8. Morrison, Esq.,

Hon. Mr. T. E. Pero,

H. V. Wilkinann. Esq..

Sir Vandeleur M. Grayburn,

52, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES:

HARBIN

PENANG TONG TONI BANGOON ILOILO

BAIGON

IPUR

SEREMBAN KARACHI SHANGHAI

$INGAPOR FLANG

SITIAWAN

CALCUTTA

AGENCIES: KOBE

CLIVE STEEKT

FAIRLIK BLACK KUALA

CANTON

CAWNPOEK

LUMPER

ALOR STAR AMRITSAR BANGKOK

BATAVIA

Chief Manager.

BOMBAY

Branches:-

Amay

Ipob

Pedang

Bangkok

Johore

Rangoon

XCCHING

Batavia

Kobe

Saigon

fi

MADRAI

Bombay

Kowloon San

MANILA.

Calcutta

Kuala

Francisco

KEDAY

Canton

·Lumpur Shanghai.

Chefoo

London

'Colombo

Lyons

Singapore Sourabaya

Dairen

Malaces Sungei

TAIPHONG HAMBURG HANKOW

NEW YORK PEIPINO

(Peking)

Foochow

Manila

Haiphong Muar

Hamburg

Patani Swatow (Johore) Tientsin

Hankow Mukden Tokyo Earbin

New York Tsingtao.. Rongke Peiping. Yokohama Iloilo

GEND COLOMBO DELH

BOURABAYA

TAIPING

TIENTSIN

TONGKAR

(Bhuket)

THINGTAO TOXOBAMA

FOREIGN EXCHANGE and General Banking Business transacted,

CURRENT ACCOUNTа opened and FIXED DEPOBITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application. Current Accounts opened in SAVINGS ACCOUNTS also opened in Local Currency and Fixed Deposita 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 quoted on application.

Also up to date Safe Deposit "Boxes in various sizes To Let. Hong Kong, 13th Mar. 1909.

HONGKONG SAVINGS

BANK

The Business of the above Bank

is conducted by the HONG KONG & SHANGHAY BANKING COR- PORATION. Rules may be ob

tained or 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

3,598,600.00 Reserve and Undivided

Profts

2,887,832.01

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

Board of Director:

Sir, Shouson Chom, Chsirmanta

Li Koon Chun, Esq. Li Lan Sang. Eaq. F.K. Kwok, Esq. WauChuSon, Esq. Wong Yun Tong, Esq. Kan Ying Po, Esq. ChacChingShek, Esq. FangPingWah Ery. Kan Tong Po, Esq., Chief Manager. Li Tae Fong, Esq., Manager.

Apar

Branches and Agencies:—

Kowloos

London

Pausoz Slapspore Rangoon Surabaya

Bataria. Bombs Kanila "Baired GalentA Melbourne

Nazanka New York Paris

opbo

Hantow Honolulu Icbe

Priping-

Ban Fran- Bydowy

iscontin Bastile Vancouver

Semarang

Shanghai

Every description of Banking and Exchange business transacted Loade granted on approved Decurities.

The Bank's Head Office in London undertakes Executor and Trustee busines, and claims re of British Income Tax covery overpaid, on terms which may be ascertained at any of the Agencies and Branches.

R. A. CAMIDGE,

Manager,

THE CHASE BANK

18, QUEEN'S ROAD CENTRAL

HEAD OFFICE:

16, PINE STEXT,

NEW YORK.

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

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources over 11.8. $2,500,000,000.

D M. BIOGAR,

Merchant

Manager.

Shipping

In Peril

Speaking at the 123st -an- niversary meeting of the British Sallors' Society in London.on May 5, Major-General Sir Fro- Current Accounts opened in Local

derick Bykes, honorary-tres- Currency and Fixed Deposits re- Burer, said: "There are, vety ceived for one year or aborter disquieting signs in the condi periods in Local and Foreign Cartion of our overseas shipping, and unless the conscience of the nation is thoroughly. aroused there is a real danger that the trident may pass Inte others hands,

rendies

оп 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 AS AN MA INTERNATIONAL EXCHANGE

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

Owing to our numerous Branches

"We hear a great deal to-day about anti-aircraft guns, tanks, and so forth, but we do not always remember that in order to feed the nation we have to import 100,- 000 tons of food per dag from overseas, and that the capacity for doing so is being seriously im- paired.

CREW DIFFICULTY- "Even if the necessary number

in China and connections in the of ships were bulit, it would be principal Commercial Centres of

BUYERS

HK Bank $1355. Canton Ins., $230. Union Ins.. $430. H.K, Fires, $180.

HK. Wharves, 5106. HK. Docks, $17.60. Providents, $4). Humpreys, $7.80. H.K. Tramways,' $15,40. Star Ferries, $85, China Lights (0), $8.40. China Lights (N), $5.30. Sandakan Lights. $11.90. Canton Ices, $1. Cements, $124. H.K. Ropes, $3.65.

Dairy Farms Ex Rights, $21. Dairy Farms Rights, $15 Wing On (H.K.), $41. Entainments, $8.

HK. Goyt, 4% Loan 34% DIN H.K; Govt. 31% Loan par.

SELLERS

HK, Hotels, $54.

H.K. Tramways, $16.60. China Lights (N), $5,60, Telephone (0), $24.

SALES

HK. Bank, $1380. Unlor. Ins., $435. HK. Wharves, $107). HK, Docks, $17.65. HK. Tramways, $181/.55. China Lights (O), $8.55. Marsmans (HK.), 3/9.

PHILLIPPINE MINING QUOTATIONS

Antamok... Bagulo Gold Benguet Consol.

Demonstrations

I. X. L

Centavos

FINANCE

NORTH CHINA CURRENCY

JAPANESE MOVE TO REVALUE F.R.B. DOLLAR: STATEMENT IN HOUSE OF COMMONS – TOKYO'S. REPLY UNSATISFACTORY

}

PEIPING, MAY 18 (REUTER)—THE SEMI-OFFICIAL TIEN- TSIN NEWSPAPERS REPORT 'THAT THE JAPANESE-CONTROL- LED FEDERAL RESERVE, BANK IN NORTH CHINA has definitely decided to revalue the new Reserve Bank dollar, nominally worth 14 pence, at 8 penče.

The object of the move is to decrease the parity between the new and the old currency, to promota trade and to lower the com- modity prices, which, in many instances, are now 200 per cent higher than before the Sino-Japanese hostilities.

foreign exchange transactions in North China were under contemplation. Endorsement of transactions would obtain without discrimination provid- ed a trade conformed with the prescribed procedure and British interests would meet no unfair obstacles.

LONDON, MAY 18' (Reuter)-I the House of Commons yesterday, Com A Marsden (Con)" asked what reply had been received from the Japanese Government to the protest of His Majesty's Govern- ment against their action in pro- hibiting exports from North China unless the foreign exchange pro-"] ceeds were sold against Federal

The Japanese Government, cori- Reserve Bank notes at and sidered that no question of treaty whether foreign trade in Tientain rights could arise in connexion was still affected by this prohibi-with such measures because the tion?

Provisional Government had full sovereign rights in the matter of

JAPANESE REPLY

Mr. RA. Butler, Under-Secretary the import and export system. for Foreign Affaits, in a circulated For these reasons the measures reply, said that the reply of the in question did not conflict with Japanese Government stated that the Japanese assurances that the the measures taken were intended interests of Third Powers would to secure that Federal Reserve be respected and the Japanese, notes, which was the only legal Government, therefore, was justi-

in currency in North Chiria, should fled

the co-operating with adequately fuld the functions establishment of the new system. a trade currency.

It was not the case that a general control of trade and

Argentine Chemical

Although chemical imports into $8 Argentina declined almost o per cent to 88,561,800 pesos last year, 241 11.70 they were still higher than for any 13 year since 1929,

52

San Mauricio

United Paracale Itogon

56

221

North Camarines

381

PHILIPPINE GOLD MINING

QUOTATIONE

Antamok

Itogon

UNSATISFACTORY REPLY

These "measures, Mr, Butler.. went on, continued to seriously affect foreign trade in Tien- isin. His Majesty's Government considered the Japanese reply unsatisfactory and further strong representations Wert under consideration,

CONSIGNEES NOTICES

NORDDEUTSCHER LLOYD BREMEN,

of

Steamer

"SCHARNHORST".

In recent years England, the 108 United States and Germany, the three leading suppliers of chemicals to the Argentine, have maintained their relative positions. In the market, collectively accounting for about two-thirds of the country's having arrived from BREMEN total chemical import business. HAMBURG and Ports, consignees In 1938, however, particularly cargo are hereby notified that during the last six months, ex-their risk into the godowns of The

their cargo is being landed change developments In

the Hong Kong & Kowloon Wharf & Argentine have been unfavourable Godown Co., Ltd., Kowloon, Where 11.70 to imports of chemical products delivery can be obtained.

from the United States, and have resulted in the diversion of some business from the United States to Europe.

Thursday, May 18, 1939.

Centavos

28

Bagulo Gold

244

Benguet Consol.

Demonstrations

13.

I, X. L......

221 52.

Paracale Gumans. 15

San Mauricio

1.08

United Paracale

North Camarines

55 381

Farket Comment Quiet.

HONGKONG

SHAREBROKERS'

CHILEAN STEEL DEMAND

All goods remaining undelivered after the 24th May, 1939, will be abject to rent.

시

NO FIRE INSURANCE will be affected by us in any case whatever

Damaged packages must be left in the godown for examination by the con- signees and the Company's surveyors, Messrs. Anderson, & Áché, at 10a.m. the 23rd May, 1939.

Consignees must have a Revenue Officer in attendance when damaged dutiable goods are examined by the Company aur evors.

Demand in Calle for iron and steel products has increased sharply since the earthquake in January.

No claim will be admitted after the The United States would normally goods have left the godown and all supply the bulk of such demand claims must be presented within Two ASSOCIATION since American products are Weeks of the ship's arrival here, after

favoured because of their quality which date they will not be recognised. and quick delivery.

Consignees are requested to surrender Owing to the recent acute their Bill of Lading to the undersigned

for countersignature. of dollar exchange,

on Thursday, May 18, 1939,

H.K. Banks

5 $1,360.00

Trams

200

16.55 shortage

HK, Docks

200

17.65 however,

Ewos

500

*18.50

the Exchange Control Commission finds it necessary to

10,000

Ps. 0.23

commodities from

Antamoks

LONDON METALS

EXCHANGE- London, May 17 (Reuter).

COFFEE.. buyers

Standard, Cash 41 Standard.

3 months 41-5/16 Electrolytic

***... $7.

seilers

41-1/16

41-3/8 48

TIN Standard, Cash 225-1/4 Standard.

3 months 223

LEAD

225-1/2

223-1/4

Foreign.

Official Price 14-3/8 ̧ 14-1/18′′ Foreign Official

3 months 14-5/8

SPELTER Ordinary,

Official Price 13-7/16 Ordinary, Official

MELCHERS & 00., Agents: NORDDEUTSCHE Lord; B. curtail Imports of even essential Rong Kong, 17th May, 1879.

the United

States, thus diverting purchases to countries which have exchange available.

CONSIGNEES' NOTICES,

LTD.

NOTICE TO CONSIGNEES,

́OUFAN STEAM SHIP CO,

OBINA MUTUAL STEAM NAVIGATION CO., LTD.

CONSIGNEES per Co. Vessel

"DARDANUS →

1392

“NOTICE TO CONSIGNIES

PENINSULAR AND ORIENTAL. STEAM NAVIGATION Co.'s STRANIRBHUTAN."

¡AANITED HONG KONG ON

16TH MAY, 1989.

FANTWERP,LONDON,GIBRAL

TAR, MARSEILLES, MALTA, PORTBAID, ADEN, COLOMBO AND STRAITS.

TONSIGNEES of Cargo by the above- named Vessel- sie bereby informed that their Goods are being landed and FROM NEW YORK VA MANILA plaod at us xnx in the Hong Kong

Adela and Kowloon Wharf and Godown Cou are hereby notified that their Cargo pany's Godown a Kowloon, where each 14-11/16 be discharged Into Hol Consignment will be sorted out Mark Wharf, Kowloon, where it will is by Mark and Delivery can be obtained as Omnigrees risk and subject to Terms the Goods are landed.

ad Conditions of Storage at Holt's Wharf. The Cargo will be ready for unless Instructions have been given to the Optional Goods will be landed hars 13-9/16 |

Delivery from Godown on and after contrary Biz Hours before arrival of the 18th May,

Optimal cargo will not be landed

Steamer bere

Goods not cleared within 8 days Fanless Nation has been given, por lincinding date of arrival will be subject to port to part to the final port of call be Steamer's arrival, bat carried on from Bath

No Fire Insurance will be effected by which the option extends, aga

All broken, phyfed and damaged goods is any case whatever.

3 months 13-3/4 15-13/16 Final" Afternoon Transactions Tin, Standard, Caah, £225-3/4 Tin, Standard, 3 Months. £223-

the World, we are able to extend difficult to provide them with value.

to our Clients special facilities for crews. The personnel of the mer-

Imestic and Foreign Banking and cartile, marine has decreased by 1/4 paid and buyers.

Exchange.

Head Office: SHANGHAI

Hong Kong Branch:

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

CANTON SWATOW

KONGMOON TOISHAN

SHIUCHOW KINGCHOW

something like 60,000, while the population at the country has in- creased by about 4,000,000.

"The remedy does not lie in merely giving subsidies to mer chant shipping. Something more is required we are to regain our

agreement that any goods pur- chased should be carried in British ships.

"We sincerely hope that the ac

are to be left in the Godowns, where Clodowns, for examination by the Can

Damaged Packages must be left in tha they will be examined an say Thesdays fignees, and the Company's Burroyons, and Fridays between the hours pl. Men GODDARD & DOUGLAS, at 10 am, 10.45 and Foot widdin the Free am Montag med Thursdays, within the Storage period.

Tree Stons briod.

No Claims will be admitéed a

admitted slide the Consigne Are specially notified that Goods have left the Bles, Godoris in necessary Loc Berans Officer to

and all Goods remaining undelivered be present at the crazılı after the 25th May, wil be subject damaged dutiable cargo. Lo Bent

lost supremacy. I suggest the need ton now being taken by the Glove + A1 Cinizsa nestart the Steamer met Ali Claims against the fitmanlar zapst

We also handle the issue of “Bonds and other Publis: Fands of buy

the Chinese Government both at Home and Abroath. Pre Lüles & SHOU J. CHEN,

Manager

a stipulation that what we we carry.

NEFT CLAUSE

"In other words,

clatire should be added to every trade

ernment to improve the position be presented to the Underg

of British shipping will not be too before the 8th June, or they late, and thed in shhs men, and not be recognised. reserves the merchant navy WIL be in an efficient state to meet all the demanda out upon it.”)

be presented to the Undarklyné

anur before 6th June, 1989,

No Fire 24

BUTTERFIELD & SWIRE,

118h May, 1929,

not be recognised

No Claima will be d Goods have left We God MACKINNON, MADI

(395 Hong Kong, 16th May, 1939,

they

FRIDAY, MAY 19, 1939.--PAGE 13

PRESIDENT LINER

Sailings

FOR SAN FRANCISCO & LOS ANGELES

vin SHANGHAI, KOBE, YOKOHAMA and HofOLULU 88-PRESIDENT FIERCE" Skil May 19th at 12,01 Á.M.

8.8. "PRESIDENT COOLIDGE" 8.8. "PRESIDENT TAFT"

Jane 3rd at I Noon. June 16th at 1201 A.M.

June 30th at 1201, A. M.-

July 14th at 19,01AM.

July 20th at 10.00 AM

38. "PRESIDENT ÜLEVELAND " 8.8. "PRESIDENT PIERCE" S.S. PRESIDENT COOLIDGE"

AND FORTNICKILY TERRAFTER

S.S. $8.

2

FOR NEW YORK & BOSTON via Surz PRESIDENT HAYES “ PRESIDENT POLK"

AND FORTNIGHTLY THEREAFT=R;

Sails May 26th at 12 Noos June 9that I Noom

FOR

MANILA

S.S." PRESIDENT COOLIDGE" 8.5. * PRESIDENT TAFT"

86 " PRESIDENT POLK” SSPRESIDENT CLEVELAND "

Sails May 24th at 9,00 P.M.

June 9th at 1.00 A.M. June 9th at 18 Noow June 23rd at 1.00 A.M.

AMERICAN PRESIDENT LINES

ROUND WORLD SERVICES

12, PENDER ST.

THE

TEL. 28171.

CHINA-SIAM

HONG KONG-BANGKOK

LU. "BIRAM" LL" HELLAS"

LINE.

leaving Hong Kong 21st May vis Swatow leaving Hong Kong 31st May vis Systow HONG KONG-SWATOW-AMOY m... "HAI HING" leaving Hong Kong 22nd May Accepting Passengers & Cargo for all the above mationed ports. HONG KONG SINGAPORE-PENANG-HANGOON Regular Express Service

m.s. "HAI HING" leaving Hong Kong 28th May 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.

Tel. 30437.

General Agents.

Queen's Building.

CONSIGNEES' NOTICES CONSIGNEES' NOTICES

"

T

HAMBURG-AMERIKA LINIE

NOTICE TO CONSIGNEES.

THE MS. DUISBURG "

MARRAK LINE

NOTICE TO CONSIGNELS

THE M.Y,

"LAURA MAERSK

having arrived from Hamburg and Ports of call, Consignees of Cargo are hereby notified that their goods are being landed and placed at their rink having arrived from New York and into the Hong Kong & Kowloon Whar! | Ports of call. Consignees of Cargo are & Godown Company's godowns at hereby notified that their goods are Kowloon, where delivery may be being landed and placed at their rink into obtained as soon as the goods are the Hong Kong and Kowloon Wharf & Godown Company's godowns at Kow landed

Optional cargo will not be landed 1000, where delivery here, unless notice has been given 48 000 se the goods are handed blained an Optional cargo will not be landed hours prior to vessel's arrival, but carried on from port to port to theatre, unless notice has been given 42 final port of call to which the option carried on from port to port to the fal hours prior to vessel's arrival, but extenda.

No claims will be admittext after tae Post-of call to which the option Goods have left the Godowns, and all extenda

No Claims will be admitted after goods remaining undelivered after the 18th May, 1920, will be subject to the Goods have lets the Godowns, and all Goods remaining undelivered after

rent.

our

All broken chafed, and damaged the 2nd May, 1989, will be sairject to Goods are to be left in the Godowny Bent

All broken, chafed, and damaged Goods where they will be examined on 17th

are to be left in the Godowns, where May, 1939, at 10 am by

Meters Goddard--and they will be examined on 29th May, 1980, -

at 10 am, by our Surveyors Meosta To comply with the General Bonded Goddard & Douglas, Warehouse Begulations consignees Warehouse Begulations consignee To comply with the General Honded must have a Revenue Omeer in attendance when damaged dutiable must have a Revenue Officer in attend- gance when damaged dutiable goods are goods are examined.

All claims must reach us before the examined.

June, 1939, or they will not be 22nd June, 1939, or they will not be AD claims must resah us before the"

18th

recognized

No Insurance will be affected Bills of Lading will be

countersigned JEBBEN & CO.,

Agente Hong Kong, 19th May, 1939,

by

recognisect:

I H

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

JEBSEN & 00, *Agonis (380 Hong Kong, 15th May, 1989.

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