1939-06-02 — Page 13

HONGKONG, DAILY PRESS

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised "Capital $50,000,000 |

INDIA, AUSTRALIA

AND CHINA

H. K. STOCK EXCHANGE

Enquiries during the day for in- vestment shares and the market

singularly denuded of scrip. Buy- ers, whilst avoiding extravagant bids, are quite prepared to pay reasonable prices, but bolders ar

Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1959 standing aloof, making business

Reserve Funds:

Sterling

Paid-Up Capital £6,500,000 Reserve Fund.

.............$3,000,000 £3,000,000 H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-, Reserve Liability of

prietors... Proprietors

„820,000,000

Head Office:-HONG KONG

Board of Directora: Hon Mr. A. L Shield,"

Chairman.

Deputy Chairman,

W. H. Lock, Esq.,

J. I. Housfeld, Esq.,

A. H. Compton, Esq.,

Hon. Mr. S. H. Dodwell,

D. F. Landale, Esq.

G. Miskin, Esq..

K. S. Morrison, Esq..

Hon. Mr. T. E. Pearce,

H. V. Wilkinson, Esq.,

Sir Vandeleur M. Grayburn,

Chief Manager.

difficult

In consequence dealings rather talled off during the day, being £3,000,000 | mainly centered round the lower

priced shares.

HEAD OFFICE: LONDON:" 39, Bishopsgate E.0.2, "\ Sub-Agencies In London: 117/122, Lendenhall Street, E.Q.3. "West End Branch:

14/16, Cookspur Street, S.W.1. Manchester Branch:

32, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES: ALOR STAR HARBIN - PENANG

HONG KONG RANGOON ILDILO

AMRITSAR

ІРОД

BANGKOK BATAVIA BOMBAY CALOUTTA ELANG

11

KARACHI

AGENCIES: KOER

CLIVE STERET

FAIRLIE PLACH

XUALA

Branches:

CANTON

CAWNPORK

LUMPUR IUCHING

Amoy

Ipoh

Penang

CHAU

MADBAL

Bangkok

Johore

Rangoon

COLOMBO

MANILA

Batavia

Kobe

Bombay

Kowloon

Saigon San

DELHI

MEDAR

Calcutta

Kuala

Francisco

Canton

Lumpur Shanghai

HAIPHONG HAMBURG HANKOW

Chefoo

London

Singapore

Colombo

Lyons

Sourabaya

Dairen

Malacca

Foochow Manila

Sungei

Patani

Hamburg (Johore)

Haiphong Muar Swatow

Tientsin. Hankow Mukden

Tokyo Harbin New York Tsingtao Hongkew Peiping Yokohama Iloilo

CURRENT ACCOUNTE opened in LOCAL CUBRENCE and FIXED DEPOSITS received for one year or shorter periods in Local and other Cur rencies on terms which will be quoted on application.

ALBO up to date BATE DEPOSIT Box in various sizes To Lar Hong Kong, 13th Mar. 1939.

HONGKONG SAVINGS

BANK

The Business of the above Bank is conducted by the HONGKONG SHANGHAI BANKING COR- PORATION. Rules may be obtain- ed on application.

For the HosaKONG & SHANGHAI

BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager.

Hong Kong, 25th Feb., 1839."

학

BANK OF EAST ASIA, LIMITED

NEW YORK PEIPING

(Peking)

*BAIGON

HEREMBAN

WHANGHAI SINGAPORE SITIAWAN BOURABAYA TAIPING

TIENTSIN

** TONGKAH

(Bhuket)

TSINGTAO

YOKORAMA

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 ACCOUNT also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.

The Bank's Head Office in London

undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.

R. A. CAMIDGE,

$

BUYKES

HK Fires Ins., $180. Douglases, $87:" HK. Wharves, $108) H.K. Docks,, 318, Providents, $4.65..

HL and S. Hotela, $5.65. HK. Linda, 3351. Humphreys, $8.15.

H.K. Tramways, $181.

Star Ferries, $661. China Lights (0'. $8.55. China Lights (N), "$5.55. HK Electrics, $55). Sandakan Lights, $12 Canton Ices, $1. Cements, $13.30.

HK. Ropes, $3.70.

Dairy Farms (0), $21.85. Dairy Farms (N), 203, Watsons, $81.

(Wing On (EK), Ht. Constructions, $1.40.

H.K. Govt: 4% loan 4% pm. HK Govt: 31% loan par.

SELLERS

Providents, $4.85, HK Lands, $35)

H.K. Electrics, $56...

SALES

Union Ins., $440. Providents, $42.80. H. and S. Hotels, $5.67). HK Tramways, $16.60. Watsons, $8.40.

PHILIPPINE GOLD MINING: QUOTATIONS.

Atoky Antamok

Manager.

Baguio Gold. Batong Buhay

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

-18,-PINE-STREET,

NEW YORK.

Ar American Bank offering com

plete Foreign Banking Service in the principal Markets of the world.

Interest Rates on Application.

SAFE DEPOSIT BOXES

Authorised Capital.....$10,000,000.00 This Bank is entirely owned by

Paid-Up Capital 5,598,600.00 Reserve and Undivided

Profits.................. 2,893,032.01

Head Office:-HONG KONG

No, 10 Des Voeux Road, Central.

Board of Directora:

Bir Shouson Chow, Chairman

Li Koon Chan, Esq.

P. K. Kwok, Esq.

Wong Yun Tong, Esq. Chan (hing Bhek, Esq.

Li Lan Bang, Esq.

Wong Chu son, Esq.

Kan Ying ('o, Esq. Fung Ping Wah Esq.

Kau Tong Po, Esq., Chief Manager. Li Tse Fong, Esq., Manager.

LOVELY

Bombay

Branches and Agencies:--

Calcutta Halphong Hankow

Konolala.

Kobe

Kelom Релик

London

Njogapore Rangoon Bourabaya Baigon Hwntow Malbourne Bad Fran. Bydney Jurunks

cisco law twins

Manila

New York Beattle VALCONY

Paris

Bemarang

Poiping Shanghai

THE CHASE NATIONAL BANK, New YoRx, with Resources over U.S.$2,500,000,000.

D. M. BIGGAR,

Manager.

EXPORTS FROM

N. CHINA

Position Of Foreign Exchange

unless

In a written reply to a ques- tion from Commander Marsden asking what answer had been received from the Japanese Gov- ernment to the protest of his Majesty's Government against Every description of Banking and their action in prohibiting ex- Exchange basiness transacted. Loans ports from North

China granted on approved securities.

Current Accounts opened in Local were sold against Japanese fede- the foreign exchange proceeds Currency and Fixed Deposits re- ceived for one year or shorter (ral reserve banknotes at is. 2d.. periods in Local "and Foreign Cur-and whether the foreign trade rencies on terms which will be of Tientsin was still afected by 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 INTERNATIONAL EXCHANGE

BANK

Centavos

231

261

24

Benguet Consolidated Big Wedge

Coco Grove Consolidated Mines Demonstration Jbogon Mining Masbate Consol, Mine-Operations North Camarines Paracale Gumaus San Mauricio ".. Suyoc Consol.

FINANCE

JAPAN

ECONOMIC

EXPLOITATION IS BOUND TO FAIL

exploitation

END OF RED

STAR LINE

CHUNGKING, May 31 (Central)—Addressing

STORE off foreign correspondents during a recent press interview, Gen. Chen Cheng, Director of the Political Department of the M- tary Affairs Commission, declared that Japanese plans to Anance their aggressive war in China by economic of the occupied territory are, doomed to failure. The Japanese are bound to be rudely awakened from their fond dreams because they lack the | capital, time. labour

and social peace and order essential to

any scheme of economic reconstruc-

The Red

Star Line, which tion. Gen. Chen pointed out. formerly, belonged, to the Arnold

Germany, Gen. Chen recalled,

Bernstein Shipping Company, is invested RM.12,000,000,000 in the?

ito be wound up. first year of her Four Year Plan, The 16,000-ton sister ships, while Soviet Russia sank R600,000,- Westerland and Pennland, which 000,000 to finance her first Five Year; have for some years, been popular Plan. Both of the two countries had "one-class" ships on the North also to mobilize their entire human Atlantic route, are

to be sold and material resources to realise to a Belgian company; the seven their gigantic schemes.

remaining ships of the fleet will probably be broken up.

The winding up of the company of Berr is a sequel to the trial Arnold Bernstein. who WBA charged in Hamburg with treason and with infringement of the foreign exchange regulations and sentenced in January, 1983, to 21

Germany

In contrast to and Soviet Russia, where has Japan, now bordering on bank ruptcy, the necessary money to finance their economic ploitation of Chen asked.

China?

*-

Ger.

FRIDAY, JUNE 2, 1939. -PAGE 13

PRESIDENT LINER

Sailings

FOR SAN FRANCISCO & LOS ANGELES

via SHANGHAI, KOBE, YOKOHAMA and SS.PRESIDENT COOLIDGE", Sails. June 4th

BB PRESIDENT TAFT " 88" PRESIDENT CLEVELAND " S.A. PRESIDENT PIERCE * SS." PRESIDENT COOLIDGE SA PRESIDENT TAFT"

ab 19. Noom June 18th at 1301` A.M. June 20th at 1201 A.M.

July 14th-at 19.01 AM.

July 29th at 10.00 AM.

Ang. 12th at 8.00 AM,

AND FORTNIGHTLY THEREAFTER

FOR NEW YORK & BOSTON via SUEZ

•

Salla" June 9th at 12 Noon

+1

88." PRESIDENT POLK 8.8. PRESIDENT GARFIELD"

July 7th at 19 Noo AND FORTNIGHTLY THEREAJTES

FOR

MANILA

88. SA "PRESIDENT FOLK"

PRESIDENT TAFT"

Sails June 9th at 1,00 A.M.

'in

June 9th at 12 NOOH

63. PRESIDENT CLEVELAND " ' 88 PRESIDENT PIERCE"

June 23rd at 1.00 A.M..

+

July 7th. at 1.0) A.M.

#

AMERICAN PRESIDENT LINES

ROUND WORLD SERVICES

TEL 28171.

on

12

4

12, PEDDER ST

As to time, Japan has wasted years' penal servitude and a fine scores of years in Manchuria of 1,000,000m. (£83.000) waiting in vain to reap a profitable months' further imprisonment. return of their investments. If Other directors of the firm - re- Japan has failed in Manchuria.ceived varying sentences. ." she certainly has little hope of The Westernland

the and success in 'central or north China, Pennland operated between Ant- Regarding labour, Gen. Chen be werp and New York. Their lieved all the Chinese people in purchase by Herr' Bernstein... in occupied. zones, with the exception 1935 from Frederick Leyland and of a few traitors, would never con-Co. was favoured by the Ger. sent to work and sweat for the man Government on the ground enemy.

that the line would bring foreign exchange to Germany,

Much less hope will the Jap anese be able to secure social peace and order in the occupied areas.

Unless the entire Chinese race is CONSIGNEES' NOTICES

annihilated or the people's resis-

tance stamped out by the root, 0.15 there is bound to be disturbance 11.40 enough to unsettle any

grandiose

ung. paper schemes of the enemy, Gen. 35

00.25

12

221

11

15

35"

17

1.06

16

Syndicate Investment

017

United Paracale

Mindanao Motherlode

49

11

PHILIPPINE GOLD MINING

QUOTATIONS Thursday, June 1, 1939.

Atoka

r!

Centavos

Antamok

26+

28+

Bagulo Gold

24

Benguet Consolidated

Coco Grove

11.40 35

Consolidated Mines

Demonstration

12

Masbate Consol.

11

Itogon; Mining

22

Mindanao Motherlode

11

Paracale Gumaus

17

San Mauricio · Suyor.Copsoi. United Paracales

North Camarines Batong Buhay

Mine Operations

Syndicate Investment ...

Market Cominent Steady.

Chen said.

COTTON CONFERENCE PLANNED

Marketing Agreement Possibility

....

RICKMERS LINIE

NOTICE TO CONSIGNEES

THE SE.

THE

+3

"MONI RICKMERS**. having arrived from Hamburg and Ports of call, Consignees of Cargo are hereby notified that their goods are being landed and placed at their risk into the Hong Kong & Kowloon Wharf & Godown Company's godowas st Kowloon, where delivery may be obtained as soon as the goods are landed.

Optional cargo will not be landed here, unless notice has been given 48 hours prior to vresel's arrival, bat final port of call to which the option carried on from port to port to the

WASHINGTON, June 1 (Reu ter)-The United States has ask-extends

ed ten major cotton export coun-Goods have left the Godowns, and all No claims will be admitted after the tries to participate in

an inter-

national conference at Washing- 6th Jans, 1938. will be subject to goods remaining undelivered after the

ton on September 5 with $ view rent.

to consider the possibility of a 00.25 world ment.

༄

All broken, chafed, and damaged

cotton. marketing - agree. Goods are to be left in the Godowns, where they will be examined on 3rd June, 1939, at 10 am: by our Sur- veyors Mesars, Goddard and Douglas

To comply with the General Bonded Warehouse

Regulations consignees art have Ravenne Officer in attendance when damaged dutisble also In-goods are examined

The countries

invited by the U.S. State Department include Egypt, France, for the French exporting colonies, Britain, for its 1.06 exporting colonies, and

16

49

95

0.16

dia, Mexico, Peru, the Sudan Russia, Argentina and Brazil,"

No Specific Plans

All claims must reach us before the 5th July, 1939, or they will not be i recognized.

by

exploratory

No Insurance will no effecten." Bills of Lading will be countersigned

JEBSEN & CO.

Agents

15 Officials of the Agricultural De

0.47partment said that, the proposed

discussions will be and that no specific plans for in Hong Kong, 30th May, 1939 ternational co-operation in cotton production and trade will be de-.

HONGKONG

SHAREBROKERS'

ASSOCIATION

500

1,000

300 $18.80* 200 21.00 500 18.60 8.60 4/- 2,000 PS, 0.50

Volume of Business Transacted this prohibition. Mr. Butler, Un- on Thursday, June 1, 1939,- der-Secretary for Foreign Affairs. Ewos states:-

Dairy Farms (N)... The reply of the Japanese Gov- Trams. jernment stated that the mea-China Lights'(0).....

sures taken were intended to Marsman, (HLK.) secure that the Federal Reserve United Paracale Notes, which were the only legal SuvoCS currency in North, China, shouldItogons adequately full the functions of

a trade currency.

10,000 Pá. 0.16

1,000 Ps. 0.221

it was not the

N.Z. LOAN FULLY that Cabe general control of trade and

SUBSCRIBED foreign exchange transactions in

veloped at the meeting

of the world cotton situation will

However, they expect all aspects

a

be studied thoroughly with view to determine whether it may be advisable to recommend to the respective governments that a. conference to work out the details for international colla boration should be convened later.

Un the

MAERSK LINE

NOTICE TO CONSIGNEES

THE M.S.

PETER MAERSK * having arrived from New York sad Ports of call. Consignees of Cargo are hereby notified that their goods are being landed and placed at their rink into the Hong Kong and Kowloon Wharf de Godown Company's gedowns at Kow 1000, where delivery may be obtained as soon na the goods aas landed.

Optional cargo will not be landad here, unless notice has been given 48 hours prior to vessel's arrival, bat Suez

carried on from port to port to the fan return port of call to which the option

391 Bri- No Claima will be admitted after

THE CHINA-SIAM LINE.

leaving Hong Kong

HONG KONG-BANGKOK

*** HELIOS” 14. “HIRAM”

"HELLAS"

7th June via Bwatow 18th June via Bwatow 28th June via Swatow

4th June

leaving Hong Kong leaving Hong Kong HONG KONG-SWATOW-AMOY ma. "HAI LEE leaving Hong Kong

T

"HAI BING" leaving Hong Kong 24th June Accepting Passengers & Cargo for all the above metioned ports.

HONG KONG-SINGAPORE—PENANG BANGOON"

Regular Express Service

m.. "HAI LEE" leaving Hong Kong ms. "HAI HING leaving Hong Kong.

10th June

30th June

Accepting cargo for all the above mentioned ports.

Excellent passenger accommodation available.

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

THORESEN & CO., LTD.

General Agents.

Queen's Building.

Tel. 30937.

THE BEN LINE STEAMERS, LTD.

S.S. "BENMACDHUI

Sailing for LONDON, ROTTERDAM, ANTWERP," "HAMBURG and LEITH on about the 9th June, 1939.

ог

Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.

For Freight and Passage upply

to the Agents:

W. R. LOXLEY & CO., (CHINA) LTD.

Tel. 34168

York Building,

NORDDEUTSCHER LLOYD BREMEN.

THE Steamer

"NECKAR

NORDDEUTSCHER LLOYD BREMEN.

THE Motor ship

*COBURG haring amred from BREMEN, HAM HAMBURG and Porta, consigneem having arrived from BREMEN, BURG and Forte, Consigns of cargo of cargo are hereby notified that are hereby notified that their carer their cargo is being landed "as being landed at their risk into the Gothair risk, into the godowns of The downs of the Hong Kong and Kowloon Hong Kong & Kowloon Wharf & Wharf and Godown Co., Ltdy Kowloom where Delivery oun te obtained, delivery can be obtained.

Godown Co., Ltd., Kowloon, Where All Goods remaining underbund after the 8th June, Rap will

lo

BRITAIN FIRST IN SUEZ TRAFFIC

PAID-UP CAPITAL $40,000,000.00

Figures given

All goods remaining undelivered after WELLINGTON, North, China, was under contem÷ ̈; (BRANCHES ALL OVER CHINA)

June 1 (Reu- Canal Company's annual trans-ter-The New Zealand Govern- show that Italy sent 597 mail i extends,

Bath and be subject the

7th Owing to our numerous Branches plation, Endorsement of

June, 1989, will be enirject internal in China and connectione in the actions would be obtained with ment's £800,000

four ships, compared with

No Fire

Insuran

will be affected by to rank

sected by NO FIRE INSURANCE: wil be say Onsu jelatorer, principal Commercial Centres of out discrimination provided that per cent. Ioan WEN fully sub- tish mall ships through the the Goods have left the Godowns, and

Drauged Packages must be laff in the effected by us it say case whatever inte the World, we are able to extend traders conformed with the prescribed yesterday, "

canal last year, but the Italian all Goods mamming undelivered after

Godown for exammation by the Congodowa for exammation by the" cơn- Damaged packages must be left in the to our Cliente special facilities for scribed procedure, and British ... Domestic and Foreign Banking and interests would meet with no public works and general develop million below the British, mail Allbroken, chafed, and damaged Goods

The money will be used on tonnage, 2.918374, was nearly a Bemba Adenomas, at 10 10 guns and the Company a surveyors,

the 3rd June, 1989, will be

Mears, & at 10 am, Men Anderson & Aabe, sk 10 siz, on Exchange.

ment purposes, including capital boat tonnage

on the 7th June, 1989; the 6th June, 1939.95 are to be left in the Godowns, where expenditure on defence.

Consignees must have a Barenne Ships of nations to

they will be examined on 2nd June 1932, Offer in attendance when damaged Officer in attendance ben damaged Consignees inust have a Bevenue passat 10 am, by our Burveyors, Mears. datiable goods are examined by through were: Germany 499 Goddard & Douglas General Handed

the ships; Norway: 295, France ~ 250,

Company's surveyors.

Prozis, datisble goods are examined by To comply with the

No Claim will be admitted after the Company's surveyors. rights could arise in connexion Government were therefore JustiGreece 199, Japan 100, Denmark Warehouse Regulations conmignons

nays left the Godown and all gods have left the godown Goods

theNo claim will be admitted alter With such measures, because the fed in cooperating in the esta-96 UBA, 69, Sweden, 81, Russia must have a Revenue Officer in attend- oladna matust prosputed within Two Provisional Government had fell blishment of the new,

claims must be presented Weeks of the Bhips arrival here, eftes Werks of the ship 29. Egypt 28, Jugoslavia 19, Fann-ce when damaged dutiable goods Kry system.

examined. foto Baku, sovereign rights in the matter of These measures continue serious a 10 Finland 8 Belgium 43. KINGCHOW

which date they will not be recognized, which date they will not All claims must reach us before the Import and export systemsily to affect the foreign - trade Rumania 3, Spain 2; Portugal 23rd July, 1929, or they will not be

*** Consigncon ars requeried to surrender Commanden are regu For these reasons the measures of Tientsin His Majesty's Gov. 1 Estonia 1.

thes Rills of Lading to the Undersigned their Bill of Lading neoogmed. MAST

Head Office: SHANGHAI

Hong Kong Branch-

4, QUEEN'S ROAD, C.

South China Offices:

CANTON SWATOW SHTUOROW

KONGMOON. TOISHAN

We also handle the issue of Bonds

and other Public Funds of the Chinese Government both at Home and Abroad..

unfair obstacles

TREATY RIGHTS The Japanese, Government con- sidered that no question of treaty

in question did not conflict with ernment" · "regard" the Japanese Italian ships carried $1,942 the Japanese assurances that the reply is unsatisfactory and fur troops, French 14927, and Dutch interests of third Powers would ther strong representations are 666 troops. The number of Br wager, be respected, and the Japanese under consideration,

tiah troops W-7.578.

EHOU J. CHEN,

No Insurance will be effected. Bills of Lading will be countersigned I

JEBSEN &:00.

Hong Kong, 47th May, 1980

ZMELCHERS & OU

NOREDEUTICKS LLOYD, Hong Kong lit June 1989,

Hong Ko