1939-06-09 — Page 13

MUNGKONG DAILY PŘESS

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital... $50,000,000

INDIA, AUSTRALIA

AND CHINA

Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1855 Reserve Funds:

Sterling

..$20,000,000

Head Office:-HONG KONG

£3,000,000 £3,000,000

£3,000,000

£6,500,000 Paid-Up_Capital H.K. Currency Reserve $10,000,000 Reserve Fund Reserve Liability of

Reserve Liability of Pro- Proprietors

prietors......

HEAD OFFICE: LONDON: 38, Bishopsgate E.0.2. Sub-Agencies In London: * 117/132, Leadenhall Street, E. 0.3.

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

Board of Directors: A. L. Shields, Esq.,

W. H. Lock, Esq..

Hon Mr. J. K. Bousfeld,

Chairman.

Deputy Chairman.

A. E. 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,

Manchester Branch:

52, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES:

ALOE STAR

AMRITEAR BANGKOK

BATAVIA BOMBAY

HARBIN HONG KONG

Loite

IPOK KARACHI

KLANG

AGENCIES: KON

CALCUTTA

CLAVE STREST·· KUALA

FAIRLIK PLACE

CANTON

PENANG RANGOON SAIGON SEREMBAN SHANGHAI SINGAPORE SITIAWAN

- SOURASAYA

LUMPUR

TAIPING

KUCHING

TIENTSIN

Chief Manager.

Branches:

Амоу

Ipob

Penang

Bangkok

Johore

Rangoon

CAWNPORE

Batavia

Kobe

Bombay

Kowloon

Saigon.. San

Calcutta

Kuala

- Francisco

COLOMBO DELHI

MANILA

--MEDAN

Canton

Chefoo

London

HAIPHONG HAMBURO

NEW YORK PEIPING

Colombo

Lumpur Shanghai

Lyona

Dairen Malacca Foochow Manila

Haiphong Muar

Singapore

Sourabaya

* Sungei

Patani Swatow

Hamburg (Johore) Tientsin Hankow Mukden Tokyo Harbin New York Tsingtao Hongke Peiping Yokohama Iloilo

CEBU

HANKOW

MADRAN

(Peking)

TONGKAH

(Bhuket) TSINGTAO * YOKOHAMA

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 alas opened in LOCAL CURRENCY and FIXED DEPOSITS 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 оп terms which will be quoted on application.

ALBO up to date SAFE DEPOSIT

BOI in various sizes To Lar

Hong Kong, 5th June, 189.

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 HoxGKONG & SHANGILAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1939,

BANK OF EAST ASIA, LIMITED

Authorised Capital......£10,000,000.00

Paid-Up Capital

Reserve and Undivided

Profits

FINANCE

JAPAN'S INDUSTRIAL STRUCTURE

CRUMBLING BENEATH WAR STRAIN

Accidents Last Year Exceeds

Any Known Total

GOLD MINED FOR CHINA'S WAR CHEST

with technical help from

SHANGHAI June. .8 (Int) -Anti-war feelings in Japan and the dicated that machinery is wearing possibility of being involved in sout, and that the emphasis on world war as an Axis partner of speed, Instead of safety, is a large Germany "and Italy are largely factor in the problem.. responsible for a recent series of, accidenta in which hundreds of

Your Investigations have in have been, organised in the pro

Ilves were lost and vast property destroyed, according to an unimpeached dispatch from Tokyo.

Official figures showed that there were 379 Industrial ac- cidents, mostly fires, in 1938. This exceeds any known total by 66 per cent. It was thought to be an all-time high.

...

The Japanese AFO wandering, But 1939 is already well ahead said this dispatch, If the nation's in horror. In less than half a year. Industrial structure is not crumbling 200 similar accidents have occurred beneath the weight of the pro-84 per cent more than last year's tracted war in China.

supposed record. Officials describe the accident The frequency of these disasters list for 1938 and 1939 as "appall-brought Japanese detectives -- ing"

mediately on the lookout for The munitions and coal mining sabotage. If any evidence of it was industries, both of which have discovered, it was never announced. been running at white hêat since

THREE CAUSES

the war started, have been the scene of one disaster

after

CHINESE DOLLAR

BREAK

ever-

|

CHUNGKING, June 7 (Central)----. the National Resources: Commission of the Ministry of Economic Affairs and various provincial authorities KIT · gold-mining · administration

viness of Sikang, Chinghal, Hunan, Szechwan, Honan' and Kwangsi. Directing these concerns is the Bureau of Gold Mining under the Ministry.

Most Chinese gold comes from private mining organisations. m 1938, 56 new permits were granted to such enterprises, making a total of 101 gold-mining companies. There are also a number of indivi- duals and groups which have not toubled to ask for permits About 150,000 ounces of gold was mined by licensed miners last year.

Leading Provinces Szechwan is one of the nation's leading gold-producing provinces. More than 300,000 of its people are mining and washing gold, especial-

▲ police survey listed threely along the upper reaches of the general

CRUSCH for the darkening industrial record:"

1. The use of unskilled workmen in the mines and munitions factories.

2. Over-hasty conversion "of factories into munitions workr

Min and the Kialin rivers. With pick and pan, each gold-washer in northern Szechwan washes in average of two dollars worth of gold a day.

Alding them gold-miners is the Chinese Industrial "Co-operatives

Decision To Allow without installing proper safety which has helped organise 12 gold

devices.

co-operatives in southern, Shensi, and is planning to extend its service to miners in Szechwan, Hanan, and other provinces. It is hoped that the total output of gold in western China will be increased to 300,000 ounces or $83,000,000 worth before

Exchange To Find 3. The "dissolute" lives of work- men who are receiving unprece- Natural Level

dented wages from war, Japan lack's The attempt to

SHANGHAI June 8 (Reuter) the industrial machinery to feed

stabilize the her guns on a scale as large, any Chinese National currency at 3d or for a period as long as the China

d has been abandoned." declares War has demanded. Hence, hun the end of the present year. the "Financial News", in dealing dreds of factories were made over. with the break in the Chinese They have not been able to stand

that Japan's productive the wear and tear. dollar.

machinery has begun to crack The broad basic reason, however, under the strain.

The Bank's Head Office in London

This paper says that the Chinese undertakes Executor and Trustee business, and claims recovery of Stabilization Fund yesterday decid British Income Tax overpaid, on led to allow the exchange to and terms which may be ascertained at its natural level. · any of the Agencies and Branches.

R. A. CAMIDGE,

THE CHASE BANK

CONSIGNEES NOTICES

HAMBURG-AMERIKA LINIS

NOTICE TO CONSIGNEES.

THE S.S.

No effort will be made to peg the exchange again until there is Manager.good reason to believe that it has

reached a level at which it can bel easily defended.

The decision to allow the exchange fall was taken in view of the deterioration of China's

"PREUSSEN" trade balance" and the recent big capital efflux. This caused heavy baving arrived from Hamburg and inroads into the £5,000,000 re- Forts of call, Consignees of Cargo are serves of the Stabilization Fund, being landed and placed at their risk. hereby notified that their goods are although there is no truth in the into the Hong Kong & Kowloon Wharf suggestions that these resources & Godown Company's godowns at are nearly exhausted."

Kowloon, where delivery may be obtained as soon as the goods are

15, 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

5,508,600.00 This

2,883,932.01

THE

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

Board of Directors:

Bir Bhonson Chow, Chairman

Lá Koen Chan, Esq.

P: K. Kwok, Eat.

Li Lan Sing, Esq.

Wong Chu Son, Esq.

Wong Yun Tong, Esq. Kan Ying Po, Bag, Chan Ching Shok, Kaq. Fung Ping Wab Esq. Kas Tong Fo, Esq., Chief Manager. Li Tas Fong, Esq., Manager,

Amoy

Batavia

Bombay

Branches and Agencies;—

Kowloon Pozn Singapors London Hangoon Bourabaya Manils

Saison

SWELOW Melbourne Ban Fran. Bydzay

caso Berteln

Caleatis

Haiphong

» Hankow

Houstala Kube

Pari

New York Beattle Vancouver Semarang Palping

Shangbal

BANK,

Morning Business

SHANGHAI, June 8 (Reuter)-landed

CONSIGNEES' NOTICES

PRINCE LINE.

NOTICE TO CONSIGNEES

FROM NEW YORK, SAN FRANCISCO.

THE Motor Versel

"CHINESE PRINCE" having arrived from the above Porta on 3rd instant, Consigness of Oargo are hereby informed that their Goods are being landed at their risk into the Godowns of the Hong Kong and Kowloon Kowloos, and stored at Consiguess rink Wharf and Godown Campany, Limited,

and expense.

Exchanges

Optional cargo will not be landed firm and were amount of business was done this hours prior to vessel's arrival, but here, unless nolice has been given 48 morning at intermediate rates carried on from port to port to the between 7 1/8 and 6 1/22 for ster-final port of call to which the option Bank is entirely owned by ling

extends. CHASE NATIONAL

No claims will be admitted after le From the lower level of 6 1/2, the Goods have left the Godowns, and all NEW YORK, with Resources over market rose to 6 15/16 on rumours goods remaining undelivered after the 9th instant, 1956, at 10 A.M.

that the control banks were selling 19th Juse, 1939, will be subject to and there was a certain amount offrent. Manager.pront-taking. Towards the close.

All broken chafed, and damaged buyers again appeared and sterling Goods are to be left in the Godowns, eased to 8 3/4 pence.

where they will be examined on 10th June, 1939, at 10 mm, by our Surveyors Messrs. Goddard

and

U.S. $2,300,000,000.

D. M. BIGGAR,

YUNNAN'S TEA

INDUSTRY

་།

All broken, chafed, and damaged Goods are to be lift in the Godowns, where they will be examined an Friday,

is Days of the Vessel's arrival here, All Claims must be presented within after which date they cannot be re

gazed

Olaima' will be admitted after the Goods hers left the Godowns, and all Goods remaining undelivered after the 10th instant, will be subject to Beat.

No Fire Insuranos has been affected. Bilds of Lading will be rountersigned

FURNESS (FAR EAST), LTD. „

2nd Floor, Hongkong & Shanghai Bank Building

by

Boug

Kong, 3rd June, 1929.

Dials 28165 à 23169.

JEBSEN & CO., De Agents,

NOTICE TO CONSIGNEES

[480

"Times" Comment LONDON, June 8 (Renter)--Com-¡Douglas, menting on the Chinese Stabiliza-To comply with the General Bonded tion: Fund's withdrawal of support Warehouse Regulations consignees for the Chinese dollar at the rate must have a Revenue Officer in KUNMING, June 8 (Central) of 8-1/4 d. "The Times" City Notes: goods are examined.

attendance when damaged dutiable Under the direction of the Yunnan ridicules the rumours that the all claims must reach us before the office of the China Tea Corpora- Fund has lost a great part of its 12th July, 1939, or they will not be tion efforts are being made to sterling resources, but says that it recognized improve the tea industry of the has clearly been found that the No Insurance will be effected province.

demand for foreign exchange,

Bill of Lading will be countersigned Besides increasing the produc-against dollars at the recent rate tion of the article and extending of 8 1/4d is too large to be met Every description of Banking and its markets, the corporation is indefinitely and it seems that the Hong Kong, 5th June, 1930. Exchange business transacted. Loani now planning to mark of 11 hren Fund, rather than lower the rate granted on approved securities. in the province, namely, Shun- by a fixed amount, decided to Current Accounts opened in Local ning, Klangcheng, Kingku, Shang-withdraw from the market tem- Currency and Fixed Deposits re- klang, ceived for one year or shorter Takwan, Wenshan, Lantsang, and its own level.

Fobal, Moklang, Hang, porarily and allow the rate to find periods in Local and Foreign Cur rencies on terms which will be Chenyuch, as tea-producing cen In due course, doubtless it will tres where modern methods of atop in and x a new-peg at a quoted on application.

SAFE DEPOSIT BOXES To Lær. plantation will be applied and lower rate and, in the meantime,

competent men be trained.

presumably, it will operate sa may be necessary in order to prevent any excessively violent fluctuation.

KAN TONG PO,

Chief Manager.

BANK OF CHINÁ

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

BANK

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

In Shunning, Shangkang, King- ku, Mienning. Lantsang, Kiang- cheng, Fohal and Chenyeh, 'ten factories will be established.

In close collaboration with the China Tea Corporation is the China Tea Trading Company, Ltd. of Yunnan, a concern jointly or-

ganised by the Tunnen Provincial Government and the Ministry of Economics...

* Two Organitations The two organizations have Owing to our numerous Branches jointly created a Yunnan Tea in China and connections in the

Improving Committee principal Commercial Centres of

Industry

the World, we are able to extend pecially charged with the Ima to our Clients special facilities for Brovement duties. Domestic and Foreign Banking and Exchange.

Head Office:-SHANGHAI Hong Kong Branch: QUEEN'S ROAD, C. South China Offices:

CANTON SWATOW SHTUCHOW

KONGMOON" TOISHAN KINGCROW

We also handle the iarte of Bonds

Yunnan is one of the largest tea-producing provinces in China, Tea is produced in 28 halen scat- tered all over the province, averag ing more than 70,000 piculs an- nually."

In Fohal, in southern Yunnan Ludo-China near the French

border, alant, the, sanuál - output

is about 10,000 pictis,

Yunnan tea has been marketed

and other Public Funds of the mostly inside the country, especial- Cainess Government both at Home ly in Szechwan, Kwelchow, Bikang and Abroad. SEN VARK-5) and Tibet. Owing to communica

SHOU JCHENtion dificulties, only thated cunni

finger tites are exported abroad

NOTICE TO CONSIGNEES

OCEAN STEAM BHIP CO. LTD.

CHINA MUTUAL STEAM NAVIGATION CO. LTD.

YONSIGNEES per Co.'s Vessel

"DEUCALION".

But in a case of a country ke China the value of a definitely fixed

FROM UNITED KINGDOM rate is naturally considerable and IA SINGAPORE

PENINSULAR AND ORIENTAL STEAM NAVIGATION Co's STLAKE" RAWALPINDI."

ARRIVED, HONG KONG OF

7TH JUNE, 1989...

FROM LONDON, GIBRALTAR, MAR. SKILLES, MALTA, PORTSAID, ADEN, COLOMEO GT STRAFTS,

NONSIGNIES of Cargo" by the

Above-named Vowel are hereby in formed that their Goods are being landed and placed at ruem xing in the Hong Company's Godowns at Kowloon where Kong and Kowloon Wharf and Godown each Consignment will be sorted out Mark by Mark and Donvery can be obtained as the Goods are landed he landed be

Optional Goods ill be aslam instructions have been gyas, ka the contrary Six Hours batuss curared of the steamer

Goods not plesand within 8 days bas

Бега

it is likely that the peg will be are hereby notified that their cargo reintroduced as soon as possible. will be discharged into Holt's Wharf That the Fund is well in a post-Kowloon, where it will lie at consignees ties to do that at the appropriate risk and subject: Boles What moments is clear from the official tions of storagest

The statement issued in Shanghai Cargo will be ready for delivery from

Godown and after 6th June,

Optional care"will not be landed hèra, unless notice has been given prior to steamer's arrival but carried en eluding date of arrival will be sulŋect to from port to port to the final port ofFatoreste call to which the option eztanda...

yesterday.

PHILIPPINE GOLD MINING › QUOTATIONS · Wednesday, June 8, 1939,

Centavos

Antamoks

Batong Buhay Benguet Consolidated Big Wedge Coco Grove ... Itogon Mining

Mine Operations

North Camarine

Paracale Gu

24

Lan

m

All broken chafed and damagedo The Inaande will be effected by

in any case whatever goods are to be left in the Godowns,

Damaged Fackages monet - be left they will be examined on soy the Goceras Los examination Tuesdays and Fridays between the

016 hours of 10:45 am and Noon within 11.40 the free storage permitted after the

No dia will be

25

36 Goods have left the steamer's Godown And All Goods remaining undelivered after the 18th Jane, will be subject to

the

Comigo, and the Company fukk You MR. GORDA & DOUGLAS

on Mondays and Thursday, Free Staruga periodes are

Consignes are specially

it is necessary for

be

duttable

231

Masbate Consolidated

11

15)

All Claims against the Steam

presented to the und

171

before the 17th June,

104

be recognised.

151

BUTTERFIE

6th June 1989.

Lon's Bour

San Mauricio

Boyoc Consol

United Par

Mádabon

Market

FRIDAY JUNE 9, 1939. -PAGE 13

PRESIDENT LINER

Sailings

FOR SAN FRANCISCO & LOS ANGELES

viG SHANGHAI, KOBE, YOKOHAMA and HONOLULU

88* PRESIDENT TAFT “

SA

PRESIDENT OLEVELAND"" AS "PRESIDENT PIEROE * 88 PRESIDENT COOLIDGE "- 8.S." PRESIDENT TAFT".

8.9. * PRESIDENT-CLEVELAND”

Sail

June 16th at 1201, AM. June 30th at 1201 AM. July 14th at 12.01 A.M.

- July 99th at 10,00 AM.

Ang. 12th at -8.00 A.M. Aug. 26th at 800 AN

·AND FORTNIGHTLY THERMATTER

FOR NEW YORK & BOSTON VIA SUEZ

56." PRESIDENT POLK” 8.9. PRESIDENT GARFIELD"

Sails June 9th at 13 No

July 7th at 19. Noor.

AND FORTNIGHTLY, THEREAFTES

FOR MANILA

8.8. “PRESIDENT TAFT” 8.8. “ PRESIDENT POLK”. 8.8. " PRESIDENT CLEVELAND”. 8.8. "FRESIDENT PIERCE**

Sails June. 9th at 1,00 A.M.”

June 9th at 12 Noor June 23rd at 1,00 AM.

July 7th at 1.00 ÂM.

AMERICAN PRESIDENT LINES

ROUND WORLD SERVICES

12, PRODER ST.

TEL. 28171.

THE CHINA-SIAM

HONG KONG-BANGKOK

* "BIRAM” **. "RELLAS"

as

LINE.

leaving Hong Kong 18th June via Swatow leaving Hong Kong 28th June via Swatow HONG KONG-SWATOW-AMOY ms "HAL BING" leaving Hong Kong 24th June Accepting Passengers & Cargo for all the above motioned porta

HONG KONG-SINGAPORE-PENANG-RANGOON Regular Express Bervice m.a. **HAI LEE” leaving Hong Kong Fth June ma. "HAI HING" leaving Hong Kong 30th June Accepting cargo for all the above mentioned ports.

Excellent passenger accommodation available. For freight, passage rates and Bill other information—Apply to:--- THORESEN & CO., LTD.

General Agents,"

Tel. 30937.

Queen's Building.

THE BEN LINE STEAMERS, LTD.

S.S. "BENMACDHUI?

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

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

For Freight and Passage 'apply

to the Agents

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

York Building.

COMPAGNIE DES MESSAGERIES MARITIMES

CONSIGNER NOTICE.

S.S. SIKIANG " JUANO/30.

BRINGING CARGO FROM DUNKIRK HAIPHONG etc.

ARETTE HONG KONG THURSDAY, THE 9TH JUNE, 1939

CONSIGNEES e hereby informed that their goods with the exception

SERVICES · CONTRACTUELS ATH MIBRAGIZIKE. MARITIMER

CONSIGNEE NOTICE.

9.6, ATHOS II". 16 A/89.

BRINGING CARGO Tam MARSEILLES VI SAIGON, ANDYED HONG KONG WEDNESDAY, TEH 72 JUNE, 1989;

ONBIGNRES are hereby into

that their goods with the

of Opium, Treasure and Valush

of Opium, Treasure And Moors being landed de stored into the Godow being landed stored into the godes of us Hoog Kong Kowloom

of the Hong Kong Kowloon Wand & Godown Co, Ltd. Ko Godawa Co. Lia, Kowloon, hea after may be obtained delivery may be obtained immediately

sely after landing.

after landing, wi

At All akims must be sent

All Units must be sent is to me on or before the 17th or before the 17th June, 1939, or they they will not be report will not be recognised, days

Damaged Fackages will be examined

Surveyors,

by the Coub in the preset.ce of

Goddard &

the Consigneerat 1000 Wednzelay, the 14th June, 1989, ** Consignees - must. bere .

"goods are orgmined by £5*

Barv

Hong Kong, 8th June)

Goddard

the

Play, the 18th!

Officer