1939-06-04 — Page 13

HONGKONG DAILY PRESS

BANKS

H. K. STOCK

EXCHANGE

As unial on a Saturday morning. the market wg not too - BALËVE,

HONGKONG & SHANGHAI THE CHARTERED BANK OF though. Watson's were an excep-

BANKING CORPORATION

ון

INDIA, AUSTRALIA

AND CHINA

Authorised Capital......... $50,000,000 Issued Fully Paid-Up 20,000,000 Incorporated by Royal Charter, 1853

Reserve Funds:

Sterling

.$90,000,000

Head Office:-HONG KONG

£3,000,000 ..£3,000,000

£3,000,000

£ 6,300,000 Paid-Up Capital H.K. Currency Reserve $10,000,000 Reserve Fund Reserve Liability of

Reserve Liability of Pro-

prietors Proprietors

HEAD OFFICE: LONDON:

09 Bishopsgate E.C.2. Sub-Agencies In London: 117/192, Leadenhall Street, E.C.3. West End Branch: 14/16, Cockspur Street, S.W.1. Manchester Branch:

Hoard of Directors: Hon. Mr. A. L. Shields,

Chairman.

Deputy Chairman,

W. H. Lock, Esq..

J. I. Bousfield, Esq.,

A. H. Compton, Esq.,

Hon. Mr. S. H. Dodwell,

D. F. Landale, Esq.,

G. Miskin, Esq.,

59, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES:

H. S. Morrison, Esq...

ALOE STAR AMRITSAR BANGKOK

Hop, Mr. T. E. Pearce,

H. V. Wilkinson,, Esq.,

Sir Vandeleur M. Grayburn, BATAVIA

Chief Manager.

Branches:

Amoy

Ipoh

Bangkok

Johore

Batavia

Kobe

Penang Rangoon Saigon

Bombay

Kowloon

Sar

Calcutta Kuala

Chefoo

London

Colombo

Lyons

BOMBAY CALEDITA

AGENCIES: CLIVE STREET PALLIR PLACE CANTON CAWNPORE

CKBU

Francisco COLOMBO

Canton Lumpur Shanghai

Dairen Malacca

Foochow Manila

DELET

HARBIN HUNG Taxo ILOILO IPOX

*TENANG

KARACHI KLANG

KOM

RANGOON

SALOON SEREMBAN SHANGHAI SINGAPORE SITIAWAN BOUMABAYA

LUMPUR

TAIPING

KUCHING

TIENTSIN

KUALA

MADRAS

(Peking)

TONGKAH

(Bhuket)

MANILA

MEDAN

Singapore

HAIPHONG

NEW YORK

TSINGTAO YOKOHAMA

Sourabaya

Sungei

HAMBURG. HANKOW

PEIPING

Haiphong Muar

Hamburg

(Johore)

Hankow

Mukden

Harbin

New York

Patani Swatow Tientsin Tokyo Tsingtao Yokohama

Hongker Peiping Iloilo

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. CURRENT ACCOUNTS opened in

SAVINGS ACCOUNTs also opened in LOCAL CURRENCY and FIXED DEPOSITS Local Currency and Sterling with received for one year or shorter periods in Local and other Cur-interest allowed at rates obtainable

on application.

rencies on terms which will be quoted on application.

Atso ap to date SAFE DEPOSIT Boxes in various sizes To LET Hong Kong, 13th Mar. 1639.

HONGKONG SAVINGS

BANK

The Business of the above Bank; is conducted by the HONGKONG “& SHANGHAI DANKING COR- FORATION. · Rules may be obtain- ed on application.

For the Hosarosa'& SHANGHAI BANKING CORPORATION,

V. M. GRAYBURN,

"Chief Manager. Hong Kong, 25th Feb., 1838.

BANK OF EAST ASIÁ,

LIMITED

Authorised Capital $10,000,000.00 Paid-Up Capital............................. 5,588,800,00 Reserve and Undivided

Profits

2,883,832.01

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

Board of Director:-

Bir Shiuson Chow, Chairman

Li Koon Chun, Esq. Li Lan Sang, Eng. F. K. Kwak, Esq.

Wong Chu Son, Esq. Wong Yes Tong, Esq. Han Ying Po, Bag."

Chan 'hing Bhok, Esq. Fung Fing Wah Eag

Kan Tong Po, Esq., Chief Manager.

Li Tse Fong, Esq., Manager,

Amoy

Estarin

Bombay

Branches and Agencies:—

Calcutta

Baiphong

Kowloom Prasar Singapore Baroon Bourabaya

Bwstow Balgon

Lagdee"

Mazila

Melbourne

Haskow New York

Ronolala Parly Tobe

Bax Fran- Bydany

ciao Tianleid

VancoETTY

Bemarang Psiping Shanghal

Every description of Banking and Exchange business transacted. Loans granted on approved securities.

Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year, or shorter periods in Local and Foreign Cur rencies on terms which will be. quoted on application.

SAFE DEPOSIT Bots To Lot. ka

KAN TONG PO,

Chief Manager.

BANK OF CHINA

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

tion, and were dealt in quantity from $8.40, to $81. Closing tone steady,

AUYERS

HK. Bank, $1380 Union Ins, 54STI.... China. Underwriters, $1.40. HK Fires Ins, $180. H.K. Wharves, $109 HK Docks, SIA, Providents, $43.

HK, &. 8. Hotels, $5.65 HK. Lands, $35). Humphreys, $8.15 HK. Realties, $4).

HK. Tramways, $18.60.

Star Ferries, $66). China Lights (Ola), $8.55. H.K. Electrics, $55). Cantón Ices, $1. Cements, $13.40. ·

Dairy Farms (Old), $21.85. Dairy Farms (New), $20.90 Watsons, $8).

Wing On (HK), $41.

HK, Govt: 4% loan; 4%.m. HK. Govt 34 loan, par.

SELLERS

HK. Bank, $1420. HK. Docks, $185. Providents, 44.65. R.K. Lands, $38). H.K. Electrica, $564. · Cements, $13.90, Watsons, $8.90.

SALES

HK. Wharves, $110. HK, Docks, 918.

Watsons, $8.40/50.

भे

H.K, Gort: 4% loan, $1/8pm. PHILIPPINE GOLD MINING.

QUOTATIONS . -

Batong Buhay

FINANCE

BIG REDUCTION IN WAR RISK SHIPPING PREMIUMS

Big redactions in war-risk for shipping, were announced on May 8, the principal alteration being a lowering of the addî- tional premium for voyages through the Mediterranean or Balls by nearly one-half, front 20s, percent to 12a 6d, per cent.

The new rates came into force ! on May, 9. They have been decided on by the Institute of London Underwriters and it is indicated they are for risks outside the war-risks cargo pool with which the Government is co-operating.

"

JAPAN SHORT

OF GOLD

An underwriting authority sald: Requisitioning From

"Possibly the institute considers that conditions are sufficiently quiet now to justify bringing

the rates down."

Basic rates to many countries have also been cut by 2s. 6d, more in some instances. Premiums from British, Eireann, "or Continental ports betweer. Bordeaux and Denmark (with certain additions) are lowered in most cases from 23. 8d. to as much as 7s. 6d. below the rates quoted in the last schedule a month ago.

The People

SHANGHAI, June 2 (Intl)— Having depleted their gold reserve owing to prolonged war in China, the Japanese Government is requisitioning gold and all articles made of gold from June 30, according to a Tokyo dispatch,

The survey this time will come under the strict provisions of the Maed Gold Law and is all in- There are reductions also including and all pervading. It rates, between other countries, in-will cover all kinds of gold articles, cluding Portugal and Spain, from personal jewellery to orna f

America, and Australasta.

!!

ments and utensils. The Institute has also removed

This time the only exemption the clause making the rates ap-are dental gold, certain kinds of plicable only to vessels from speci- needles used by doctors, rayon ned countries, including Britain, manufacturing nozzles, Lightning France, Germany, Italy. Japan, conductors, fountain pens, badxes. and the United States.

monograms and Initials frum which it would be dificult to extract, the pure gold.

HONGKONG

SHAREBROKERS'

ASSOCIATION] Volume of Business Transacted' 1

on Saturday, Jutte 3, 1939, Wharves

Watsons

Centatos

Watsons

:015 Watsons

Benguet Consolidated The Bank's Head Office, in London Coco Grove undertakes Executor and Trustee Demonstration business, and claims recovery of Itogon Mining British Income Tax overpaid, on Manbulao Consolidated terms which may be ascertained at Mine Operations any of the Agencies and Branches. North Camarines

Paracale Gumaus R.,A. CAMIDGE,

Manager, Ban Mauricio

THE CHASE BANK

13, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, PINE STREET,

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

8.$2,500,000,000.

D. M. BIGGAR,

Manager.

Suyoc Consolidated United Paracale Mindanao Motherlode

13.50 watsons

Reports must be filled and re- turned to the authorities July 5.

ty

List Of Articles Included in the list of articles $110.00 which must be reported are rings, 8.40 necklaces, buckles, cuff buttons. 8.50 hair ornaments, ear rings, watches, 8.51 spectacle trames, compacts, band. 8.60 bags.

Upstick holders or con- tainers, walking-stick・ händies. 8.65 lighters, cups, spoons tea kettles. 1.50 candlesticks,

incense burners. 4.80 medals, paper weights, pen katves. 4.75 seals and seal pad holders.

100

2,000

500 1.000

1,000

38

China

Lights

117

(0)

500

24.

Underwriters

103

... 1,000

Providenta

1,000

16

Providents

250

35

173

Coco Grove..... 1,000

Fs. 0.36

1.08

15

31

FAIR ADVERTISING

116

PHILIPPINE GOLD MINING

QUOTATIONS

Marsman (H.K.) 500 3/10

Ownership of national treasures for fine art objects designated by the government Es important articles worthy of special pro- Somebody in the Post-office tection must be declared, regard- Department certainly got tact-less of whether or not the goy- less.

ernment may at some future date

When 10,000 new 3-cent stamps. decide to buy them, The blanks arrived for sale in the post-önce must, be filled in by heads of at the Golden Gate International families, trustees of juridical per- expostition in. Ban Francisco it sons and other organipations. was found they advertised the False declaration will be punish- New York world's fair.

led by fines up to Tên 300.

Saturday, June 3, 1939.

Centavos

Benguet Consol

11.50

Coco Grove

361

Demonstrations

113

Mindanao

111

Itogons

24

Paracale Gumaus

171

San Mauricio

1,08

Buyoc Consol,

151

United Paracales

51

North Camarines

35

Batong Buhay

0.15

Mine Operations Manbulao Conso),

16

101

Union, Ins.

Wharves

LONDON GOLD

London, June 3 (Reuter), « Bar Gold, Fine per oz., 148/5. Dollar Farity. 1/2d, premium.

Chinese Resistance Gains

French

Support: Boycott

Of Japanese Goods Certain

CHUNGKING, June 1 (Central)--A most encouraging mes- sage to the Second Annual National Assembly of

the

Chirim Branch of the International Campaign 'held recently, from the French I.P.C. National Committee has been received. It pays A high tribute to the heroism and tenacity with which China fights against Japaness aggression and praises the work undertaken by the Chinese International Peace Campaign in the extremely diff-~- cult condition of the war,

Government, has decided on May 3, 1939, to prohibit all im portation of Japanese producti to France other than silk and camphor.

Boycott Movimäent - Regarding the French movement

HONGKONG SHAREBROKERS®

ASSOCIATION

VOLUME OF BUSINESS TRANSACTED FOR WEEK ENDING

Trams

Electrics

Lands

JUNE 2, 1939,

5

950

$440.00

:

1,000

108.00 to $110.00

16.60 to

213

16.70 55.75 to 56.00

100

35.50

Watsons

2,200

8.10 to

8.35

H.K. Docks

· 100

18.30

Cements

1,000

13.25 to 13.50

Dairy Farma (0)

200

22.00

Dairy Farms (N)

200

21.00

Yaumati Ferries

233

22.50 to

22.65

l

500

4.773

Underwriters

2,000

1.35

China Lights (0)

1,500

8.60

Ewos

300

18.80*

Marsman (H.K.)

1,000

San Mauricio

2,000

Ps. 1.06

United Paracale

2,000

Px, 0.50

10,000

Ps. 0.18

1,000

Ps. 0.22)

10,000

Ps. 0.26

10,000 1,000

Pa 0.05

Ps. 0.35

Providents

Suyoca

Itogons

Antamoks

Syndicate Investments

North Damarines

MONDAY, JUNE 5, 1939. --PAGE 13

PRESIDENT LINER

Sailings

FOR SAN FRANCISCO & LOS ANGELES via SHANGHAI, KOBE, YOKOHAMA and Horolulu

88. "PRESIDENT TAFT ".

Sale June 16th ab/1101 AM). 88. "PRESIDENT CLEVELAND": 8.5. " PRESIDENT PIERCE"

· S.§. “ PRESIDENT COOLIDGE " 6.S.'" PRESIDENT TAFT"-

AND FORTNIGHTLY TRAINI

June 30th at 18.01 A.M. July 14th at 13.01 A.M.

July 29th at 10.00, AM. Aug. th at 8.00 AM.

88. SS.

FOR NEW YORK & BOSTON via SURZ

PRESIDENT POLK” PRESIDENT GARFIELD"..

14

Sails June 9th. at 13 NOON

July 7th at 19 Noor AND FORTNIGHTLY THEREAFTER

FOR

S.S." PRESIDENT TAFT" S.RPRESIDENT POLK”

MANILA

8.8. PRESIDENT CLEVELAND" 8.S." PRESIDENT FIERCE"

·Sails Joge 9th at 1.00 A.M..

June 8th at 12 Noor

June Kard at 1.00 A.M.

17

тр

July 7th at 1.00 AM,

AMERICAN PRESIDENT LINES

ROUND WORLD SERVICES

12, PHDDER ST.

THE

TELL 28171.

CHINA-SIAM

LINE.

7th June via Swntow

HONG KONG-BANGKOK "EFL108"

learing Hong Kong .... "FIRAM"

leaving Hong Kong 6.2. “HELLAS"... leaving Hong Kong

18th Juns via Swatow 18th June is Swatow BONG KONG-SWATOW-AMOY: "HAI BING" leaving Hong Kong Accepting Passengers & Cargo for all the above metioned parts. HONG KONG SINGAPORE -PENANG-RANGOON

X0.8.

Regular Express Service

.. "HAI LEE".

ma. "HAI HINGTM

24th June

10th Jane leaving Hong Kong leaving Hong Kong 30th June 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. 30237.

General Agents,

Queen's Building,

THE BEN LINE STEAMERS, LTD.

S.S. “BENMACDHUI”

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

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

For Freight and Passugé apply

to the Agents:

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

Tel. 34165

SHARE MARKET | MOVEMENT OF GOLD AND SILVER

REVIEW

HONGKONG SHAREBROKERS'

ASSOCIATION

The message then proceeds bo telate the work which the French Committee has done in aid ot China. It reveals the organisation of the Franco-Chinese Group by the French parlamentarians in

The market has remained quiet the Chamber of Deputies, on the initiative of the French LPC for

for the week with little change in shares have been the purpose of defending China's for the boycott of Japanese foods, price levels.

the message reports that im difficult to detain and in te of This Group is composed of inure the provinces in France as well as predominance of buying orders than 200 Depaties representing all in the colonies, demonstrations there has been very little improve- PAID-UP CAPITAL $40,000,000.00 the political parties except the gathering thousands de animencement in prices, as inresoon, for (BRANCHES ALL OVER CHIRA). French Böcial Party. a Fasclet are being field. For example no the most part, were not prepared Owing to our numerous Branches Party, whose entire political post. less than 27 meetings have taken to make appreciable advances in in China and connections in the tion is inspired by the example place in North Africa alone and 18 their bids. With dimicul trading princips! Commercial Centres of

or the totalitarian countries/«

BANK

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

KONGMOON SWATOW I TOIBHAN SHIUCHOW KINGCHOW

We also handle the issue of Bonds and other Pablic Funds of the Chinese Government both at Home and Abroid.

SZOCCHEN,

of tnager.

cause,

*

At The Support

Total EXPORTS from the United Kingdom: Including: To the United Bestes.

London, June 3 (Friday).

Week ended Week ended

-May 24 May 31

15,775,000 9,111,000

Total IMPORTE into the United Kingdom Including from British Africa

The Netherlands

British India

Southern PHOTERIA

·AUSLTAÍR.

HILTER

Total EXPORTH from the United Kingdom Includirig::" To the Urifted States

Total IMPORTa into the United Kingdam

30.000

CONSIGNEES NOTICES

PRINCE LINE.

"NOTICE TO CONSIGNEES

Frox

NEW YORK, SAN FRANCISCO.

T

白醬oto址:

*CHINESE PRINCE -

hüving arrived from the abo

on Ord farmal, Canagana

bomby informed (say, there

Godowns of tid Hing Köily did Kinjo

Wharf and flodown, Company, Kowloon, and stoped at Congres

and expense..

2All broken, skafada and

2,000

104,000

121,000 103,000 1,000

are to be tits, in

LONDON BULLION

SHIPMENT

have been organised in the Savoy conditions the volume of business shows no ficrease over that re- Province.

"Now the "French Branch takes Corded for the previous week. The $4.75 with Yales at 14.778. Bušiness a number of preliminary steris for market, however, is fimmer at the has been reported in China Lights

9th fatant, 1939 The composition of the Franco-promoting a decision by the Gov- close with indication of increased (O) at $8,60, Underwriters at $1,33

16 Days of Chinese Group in the Chamber ernment so that freedom of transit enquiry and improving pices. ind" Cements at $13), Wryer LONDON, June 3 (Reuter)The whieht. declares the teste, le demon- and of replenishment of war After changing hands at $1415 improved to $110 and HL. Does P. & o. liner Corfu is carrying stration that the majority of materials series Indo-China be Banks had buyers at $1405 with to 318.30-

specie to the value of £11,500 in-No Claras French public, opinion, inspired by accorded in contomilty with in-sellers at $1420, Unions came in The Manila market has been dull cluding: the action at the LP.C., da decided ternational Law."

for enquiry with trustress reported | ând prices have given way to some

Child in bringing to you all thielt support In conclusion the menage gave at $445. Trans remained stende 12 extent owing to lack of interes in, your sauggle against the as-assurance of the French Commit- $16.60, Star Ferries at 6661. Lands rather than to any selling pressure, gressor and that it has not ceased tees' active sympathy and wil to at 3361 and Electrics bad buyers United Paracale receded to 48 ctra. to exact from the French Govern-aid, by every means, the Chinese at 455) and Sales at 158. Watsons but later reentered to 50 etv Ban ment an action in this respect.”

people in the trying hours they fo showed improvement, and came to Mauricio has remained stendy at through in defending the just business at foto with further en- Ps. 1.06 and Benguet Consolidated Gruse of peacs, of law and of inquiries at this price. Hotels were at Ps. 11.50 Antamoks lost 2 ctvs. dependence.

wanted at $5.70 and Providenta at" to 26 ctys. "Market closes qulets,

The massage goes on to tell about the French boycost of Japanese imports. The French

Bombay. 23,500,

Silver

-Bombay, 24200. Triopol, £500. Byria, 2.500 Aden, 29,300,

The steamer Burat 15 carrying 6500 worth of Bliver to Calcutta,

Gooda

10th instant, w

Na Pire Insura

Bill of Lad

ding

310

Hong Kong, Bed June, 2009,