1939-06-19 — Page 13

HONGKONG DAILY PRESS

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital........ $50,000,000 Issued & Fully Paid-Up $20,000,000 Reserve Funds:

Sterling

£6,500,000 H.K. Currency Reserve $10,000,000 Reserve Liability of

Proprietors

$20,000,000

Head Ofce:-HONG KONG

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

W. H. Lock, Esq.

Chairman.

Deputy Chairman.

Hon. Mr. JAK. Bousfield,

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.

Penang Rangoon

INDIA, AUSTRALIA

AND CHINA

Incorporated by Royal Charter, 1853

Paid-Up Capital Reserve Fund Reserve Liability of Pro-

prietors

£3,000,000

£3,000,000

.£3,000,000 HRAD OFFICE: LONDON: .

38, Bishopsgate E.0.2. Sub-Agencies "In London: 117/122, Leadenhall Street, E,C.3. West End Branch:

14/16, Cockspur Street, 8.W.1. Manchester Branch: 52, Mosisy Street, Manchester, 2.

ALOR STAR AMBITSAR

AGENCIES AND BRANCHES:

HARBIN PENANG HONG KONG RANGOON ILOILO

SAIGON IPON

SEREMBAN KARACHI SHANGHAI KLANG

SINGAPORE SITIAWAN BOURABAYA TAIPING

BANGKOK

KATAVIA

BOMBAY

CALCUTTA

AGENCIES: TOM

CLIVE STREET PAULIN PLACI

CANTON

Branches:

Amoy

Ipak

GAWYPORE. CREU

Bangkok

Johore

COLOMBO

Batavia

Kobe

Saigon

DELHI

Bombay

Kowloon

San

HAIPHONG

Calcutta

Kuala

Francisco

Canton

Lumpur Shanghai.

HAMBURG HANKOW

Chefoo

London.

Colombo

Lyons

Dairen Malacca

Singapore Sourabaya Sungei Foochow Manila

Patani, Haiphong Muar Swntow Hamburg (Jahore) Tientsin Hankow Mukden Tokyo Harbin New York Tsingtao Hongker Peiping Yokohama

Iloilo

KUALA

LUMPUR

KUCHING-TIENTJIN

MADRAS

MANILA

MEDAN

- NEW YORK

PEIPING

(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.

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

CURRENT

Accounts opened in LOCAL CURRENCY and FIXED DEPost received for one year or shorter

The Bank's Head Office in London periods in Local and other Cur-undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of quoted on application.

British Income Tax overpaid, on

Alao up to date SATE DEPOSIT terms which may be ascertained at Boxes in various sizes To LET. any of the Agencies and Branches.

Hong Kong, th June, 1030,

HONGKONG SAVINGS.

BANK

R. A. CAMIDGE,

Manager.

THE CHASE BANK

The Business of the above Bank 16, QUEEN'S ROAD, CENTRAL

is conducted by the HONGKONG |

& SHANGHAI BANKING COR- PORATION. Rules may be obtain-

ed en application.

For the HONGKONG & SHANGHAI BANKING COZPOZATION.

V. M. GRAYBURN,

Thief. Manager. Hong Kong, 25th Feb., 1938.

BANK OF EAST ASIA, LIMITED

Authorised Capital.....$10,000,000.00 | Paid-Up Capital 5,588,600.00 Reserve and Undivided

........ 9,883,039.01

Profits:

Head Office:-HONG KONG

No. 10 Des Voeux Road, Central.

Board of Directors:

Bir Shonson Chow, Chairman

Li Koon Chan, Bag.

Li Lan Bang; Eng.

P. K. Kwok, Esq.

Wong Yan Tong, Esq.

Wong Chu Son, Eng. Kan Ting To, Eaq.

Chan Ching Shok, Kaq. Feng Ping Wah Esq. Kan Tong Po, Esq., Chief Manager, Li Tas Fong, Esq., Hanager.

Branches and Agencies:--

Kowloos

Penna

London Bazgoss

Manila

Saigon

Slugapore

Surabaya Budow Bydney clace Tiantain

Melbourse Bas Eran

AMOJ

Batavia

Boobay Calestia

Hakow

New York

Honolula Kobe

Paris

4

Haiphong

Nagraka

Beattin Tancouver Bemarang

Peiping Shangal

-

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 of shorter. periods in Local and Foreign. Our- rencies on terms which will be quoted on application.

SATE 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 ZA PART PAID-UP CAPITAŁ 240,000,000.00

(BRANCHES ALL OVER CHINA)- Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.

·Head Office:-BHANGHAI Hong Kong Branch: QUEEN'S ROAD, CA South China Officest

-KONGMOON

TOIBHAN

GANTON SWATOW

SHIUCHOW?. ÷KINGCEOW

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 satiraly owned by THE OHABE NATIONAL BANI, NEW YORK, with Resources over U.S.$2,500,000,000.

D. M. BIGGAR

Manager.

"ANGLO-RUMANIAN

TRADE

CORPORATION

LONDON, June 17 (Reuter-An Anglo-Rumanian corporation is being established in Bucharest in order to facilitate trade between the two countries.

A similar corporation is being formed in London and capital for the organizations will be raised by "banks of both countries.

HONGKONG. "

SHAREBROKERS'

ASSOCIATION

FINANCE

12 DIFFERENT INDUSTRIES IN FULL SWING DESPITE WAR SHARE MARKET Chemical, Metallurgical,

REVIEW

HONGKONG SHAREBROKERS" ·

ASSOCIATION

Hongkong, June' 16. The market opened quietly with a fair demand for shares, Later, with the development of the Tien- tain incident business practically céared altogether. Isolated sales have lowered price levels and at the close of the week the under- tone of the market is easier.

Following London prices H.K. Banks changed hanus down to $1340. Shares were wanted at $1330 with sellers at $1350 Larids came to business at $361 with further shares offering at this price and buyers at 53. „Trams had buyers at $16.40 and sellers at $164. Electrics could be obtained at $563. China Lights (0) were offering at

$8) with buyers at $8.30. Hotels were wanted at 55 and Providents were offering at $41. Union Ins...

shares changed bands at $460 with further shares offering at this price.

Gold mining stocks continue to drift downwards and à disappoint- ingly small turnover is reported

from Manila,

Antamoks lost 3

Gold, Tin, Copper, Iron

CHUNGKING, (Reuter By Mall) Forty-five units of 18. different heavy industries are in full operation in free - China despite the war, according to Mr. Chien Ching-chao. Deputy Director of the National Resources Commission, which was #D~ trusted by the Chinese Government in 1936 with the execution of China's three-year plan for the development" of "heavy in- dustries.

Mr. Chien, who studied in English universities, revealed that the 45 units included four metallurgical, four electrical appliances, four chemical industry, five gold mining, two copper mining, two iron mining, three tin mining, one mercury mining, eight coal mining, two oll Extraction, eight electric

power plants and two water power plants.

If it had not been for the Jap-actually secured in the first year anese invasion, he declared, there to finarice a large portion of the was every reason to belleve that programme. Everything," he added, the programme would have ❘ went according to schedule in the achieved unqualified success by first year with the only exceptions this summer and Chins would be of delay in the erection of steel that much further on the road to works at Hslangtan, the cessation industrialisation."

of preparations for an aeroplane

The plan was launched in July, motor factory, and postponement 1936. alming to accomplish. within setting up a coal liquefaction foreign financial and technical plant, a nitrogen factory and the assistance, the following major exploitation of lead and sing de- projects by the summer of 1939: posits in Kwelhsien.

1 Institution of control over Referring to technical assistance. China's tungsten and antimony Mr. Chien stated that in 1938 the output: and export and also National Resources Commission ctvs, to 21.ctvs. United Paracale the erection of a ferro-tungsten arranged" for German experts to lost 3 etvs. at 441 ctvs. Benguet plant capable of producing 2,000 aid in the construction of a ferro- Consolidated (ex div.) closed at tons of ferro-tungsten annually. tungsten factory, a coal Eque- Ps. 11.00. Itogons have remained steady at 23 ctvs. North Camarines after changing hands at 201 ctvs. closed at 27 ctvs. Market closed quiet.

11

H. K. STOCK

EXCHANGE

Saturday, June 17. This morning session was rather dull and Inactive.

BUYERS

H.K. Bank, $1330.

Providents, $460. Raubs, $3.

HK. Lands, $251

H.K. Tramways, $16.35, China Lights (0), $8.20. Canton Icen, $1.

H.K. Govt. 4% loan 4% pm.

SELLERS

Canton Ins,, $230. Union Ins, $460. China Lights (0), $8). Telephones (0), $23}, Dairy Farins (0), $22, Dairy Farms (N), $21.

SALES HK. Barik, $1340." Providents. $4.65. H.K. Lands, $35).

PHILIPPINE GOLD MINING QUOTATIONS

Centavos

Atoka

Antamoks

27 201

Baguio Gold

231

Itogon Mining

23

Masbate Consol,

111

Mine Operation

141

North Camarines

27

San Mauriciö

95

Surigao Consol.

211

Suyoc Consol

15

44

101

United Paracale Mindanao Motherlode

2. Erection of steel works at faction plant and also a nitrogen Hsiangtan, in Hunan, and Ma-an factory: German and British ex- Shan, in Anhwel, capable of pro-perts for steel works; American ducing 300.000 tons of high" grade and Swiss experts for machine steel annually, which would be works; and German. British and sumclent to meet half of China's American experts for a factory to needs each year.

manufacture electrical appliances. Over 20 Chinese technicians were sent on Investigation tours to foreign countries or various parts of China. To train more

3. Production of 300,000 tons of Iron ores at Linhslang and Chalin, in Hunan, annually:

יד

COPPER MINES

4. Development of copper mines technical personnel, the Commis at Yanghsin and Tayeh, in Hupen to work at industrial plants, and |sian employed 90 college graduates and Fenhsien. in Szechuen, and also subsidised 12 Chinese in- also the opening of a

copper

smelting plant to produce annually stitutes of technology in the pur- 3.600 tons of copper. which re-chase of equipment and increase

of teaching statis presents half of the country's needs,

JAPANESE INVASION

5. Development of lead and The Japanese invasion started zine mines at Sulkowshan, in Just when the programme was Hunan, and Kwelhsien, in Kwang- entering the second year. Mining s1, to produce 5,000 tons a year. establishments near the war źbnes enough to meet China's needs. had either to remove or suspend 6. Exploitation of coal deposits work, & ferro-tungsten plant had at Yuhslen, in Honan, and Kow-to be dismantled and shipped kong and Tienho, in Kwangtung, elsewhere, while work on the steel with a view to producing annually works at Hsiangtan, planned by 1,500,000 tons of coal in order to German experts, had to be dis- prevent any shortage in central continued. and southern China.

Expensive installations in ma-

be

7. Erection of a coal que-chine works and an electrical faction plant, accompanied by the appliances factory had to extraction of petroleum from pools carried hundreds of miles inland. at Yencheng, in Shensi, and Pah- The coal mines at Kowkong and sien and Tahsien, in Szechuen, to Tienho had to be abandoned. produce 25,000,000, gallons a year, Projects for developing the copper constituting about half of China's mines at Yanghsten and, Tayeb, needs.

and lead and zinc 'ores in' Sulkow- shan were also abandoned.

8. Establishment of a plant to manufacture 50.000 tons of am- moniam sulphate annually as well as sulphuric acid and nitrices

for arsenals.

9. Erection of machine works

including those for manufacturing aeroplane motors, generators and working tools.

With the outbreak of hostilities. the Commission was called upon to undertake control of fuel, pure chase of raw materials needed for the war, and to give help to private Industrial establishments in their removal from the war zones to the hinterland,

Numerous power plants. formerly 10 Erection of plants to manu facture enough electrical wires belonging to the Reconstruction and tubes, telephone sets and Commissions were turned over in for the spring of 1938 to the National other electical appliances

Resources Commission. domestic purposes.

The programme cost $230,000,000.

FUND RAISED

J

MONDAY, JUNE 19, 1939. --PAGE 13.

PRESIDENT LINER

Sailings

FOR SAN FRANCISCO & LOS ANGELES

SHANGHALL

KOBE, YOKOHAMA and HONOLULU

TIR

58.

PRESIDENT OLEVELAND" Sails June 30th at 12,01TMAM,

8.8. "* PRESIDENT PIERCE*

S.S.

PRESIDENT COOLIDGE" 5.8. " PRESIDENT EAFT " SS. PRESIDENT CLEVELAND"

July 14th at 12OI AM.

3)

July 18th at 10:00 AM. Aug, 12th at 8.00 AM. Aug. 16th at 800 A.M. Sept. 9th at 400 P.M.

B.8. "PRESIDENT PIERCE "

AND FORTNIGHTLY THEREAFTER

FOR NEW YORK & BOSTON

·

YiA SUEZ

S.S." PRESIDENT GARFIELD" 88." PRESIDENT MONROE"

Saila July 8th at 13. Noos July 10th at 12 Noor

AND FORTNIGHTLY THEREAFTER

FOR

MANILA

• 8.5. " PRESIDENT CLEVELAND" Sails June 33rd at 1,00 A.M. -6.S="-PRESIDENT PERCE

SA.

PRÉSIDENT GARFIELD" 8.8. “PRESIDENT COOLIDGE"

July__7th_at. 1.00 A.M.

July 8th at 12" Noor "July·97st" at`9.00°P.M.

AMERICAN PRESIDENT LINĖS

ROUND WORLD SERVICES

12, PRODER ST.

THE

TEL. 28171.

CHINA-SIAM

5.4. "HELLAS"

HONG KONG-BANGKOK

LINE.

leaving Hong Kong 18th June via Swatow

* HONG KONG-SWATOW-AMOY 2.8.HAI BING" leaving Hong Kong 24th June. Accepting Passengers & Cargo for all the above metioned ports..

HONG KONG-SINGAPORE PENANG——BANGOON Regular Express Service

ms. "HẢI HINO loving Kong Kong. Both Jane Accepting cargo for all the above mentioned ports.

Excellent passenger accommodation available.

For freight passage rates and all ofbar information—Apply to:-

THORESEN & CO., LTD.

Tel. 30237.

General Agents.

CONSIGNEES' NOTICES

“SILVER · LINE.

NOTICE TO CONSIGNEES

S

FROM NEW YORK, SAN FRANCISCO.

HE Motor Vessel

"SILVERYEW"

Queen't Building.

CONSIGNEES' NOTICE.

THE BEN LINE STEAMERS, LTD.

From LEITH, MIDDLESBRO", ANTWERP, LONDON, STRAITS AND MANILA

THE 58. BENLOMOND."

"JONSIGNEES of Cargo are hereby informed that all Goods are being

having arrived from the above Porte on landed at their Hak into the hazarilous 15th instant, Consignees of Cargo are andjor artes haardoos Godowns of the hereby informed that their Goods are Hore Kore AND Kowloon WHARF and being landed as their risk inte the Go Gopos Company, Lern, whence and/or downs of the Hong Kong sad Kowloon from the wharves Delivery may be Wharf and Godown Company, Limited, obtained. Kowloon, and stored at Consignees rist and expense.

All broken, cha fed, and damaged Goods are to be left in the Godowns, where they will be examined on Wednesday, 21st instant, at-10 am.

No Claims will be admitted after the Goods have left the Godowns, and all Groods remaining undelivered after the 17th June, 1939, will be subject to rent. All Claims against the Steamer must" be presented to the Undersigned on or, before the 1st July, 1938, or they will 15 Days of the vessel's arrival here, not be recognised. E

Wardhouse

A

All Claims must be presented within

cognised.

Regulations consignees

BANK OF FRANCE PARIS, June 15 (Reuter).The return of the Bank of France for the week ended May 31 show gold *92,286,000,000 reserves totalling

The Chinese Government in 1936 CONSIGNEES' NOTICES after which date they cannot be reTo comply with the General Bonded Franes, of gold Content of 27.5 appropriated $10,000,000 for the milligrammes, indicating no change purpose. but the fund was later "Völume of Business-Transeled: _ax.compared with the preceding raised to $36,000,000 by March

week

1939, including $8,500,000 of pro- on Saturday, June 17, 1939.

The total note circulation is its resulting from Government Lands (June 16)

500 $36.25❘ given **** 121,287,000,000 Francs, control over sales of tungsten and Star Ferries (June 18) 50 $5.50 showing a decrease of 1,613,000,000 antimony in foreign marketa.

Bubstantial amounts of foreign Sun Co. (HK) (June 7

Francs as compared with the week ended May 31.

capital, Mr. Chien declared, were

~18)

HK. Banks

200 250 10 1,940.00

PHILIPPINE GOLD MINING QUOTATIONS

Saturday, June 17, 1939.

Antamoks

Atoks

·Baguio. Gold

Mindanao

Itogona

Masbates Consol Mine Operationa Ban Mauriclo Buyoe Consol United Paracales. Burigao Consol. North Camarines

HONGKONG SHAREBROKERS'

ASSOCIATION

VOLUME OF BUSINESS TRANSACTED FOR WEEK ENDING

BARBER-WILHELMSEN LINK

NOTICE TO CONSIGNEES.

מין

M.V. "TAL TIN" From USA, via MÄNILA.

No Claims will be admitted after the must have a Reyenne Officer in atten- Goods have left the Godowns, and all ance when damaged dutiable” goods Goods remaining undelivered after the are examined 22nd inst, 1939, will be subject to All broken, ahalad and damaged Goods Beat

mada plan are to be left in the "Gedowns; where No Fire T

has been effected, they will be ramined on the 15th June, Bill of Lading will be countersigned 1938, at 9am, by Mesars, Carmichael by

Clarke,

FUBNESS (FAB FAST), LTD.

FASTY End Floor, Hongkong 4**** Shanghai Bank Building **Tale" 22165 & 28160.

CONSIGNEES of Cargo are hereby Hong Kong, 15th June, 1989.

informed that all Goods aro being. landed at their risk into the Godowns of the Hongkong and Kow- Toon Wharf & Godown Company, Ltd. at Kowlood, whence and/or from the wharves delivery may be obtained.

Optional cargo will not be landed here, unless notice has been given 48 bours prior to remel's arrival, but ear- eled on from port to port to the final port of call to which the notion

*No claims will be admitted after the Goods here left the Godown, and all. Goods remaining undelivered alter the 20th inst, will be subject to rent. All claim against the vessel neolit be presented to the undersigned óh or before the 27th inst, or they will not be recognized.

Centavos

20

JUNE 18, 1939.

27

231

HK. Banks

Union Ins.

20 ∙17

$1,400,00

460.00

10

Electrics

200

56.60

Hotels.....

1,500

5.80 to

$55.50 5.85

11+

144

China Lights (0)

932

8.40

China Lights (N)/

500

$5.85

95

Watsons: M.

3,228

5.85

15

Dairy Farms (0)

94

22.50

44

HE Docks

1,300

18.20

211

Bank of East Asis

50

78,00

· 271

Lands

1,100

37.10

Waterboats

20

6.30

Telephones (0)

-50

24.25

Underwriters:

2,000

1.50

Humphreys

8701

66.40

Aum Cof

240 200

Pand Deben

#$1,000

1,000

Ps. 1.02

Antamoks

1,000

Demonstra

Hong Ko

Market Comment Quiet.

Three French Trade Unions were sentenced to pay damages amounting to 5.500.000 France, at Aix on Thursdag." Members" ÖN We also handle the issue of Bonds and other Public Funds of the the three Unions had gone on Chinese Government both at Home strike Mare last year and bad and Abroa

was occupied the building for tjur akys

We

CAL NI BZOU J. OHEN,

[until the police succeeded "Un

driving them ontz

Star Ferr

5,000

All-broken, chaled, and damaged Goods are to be left in the Godowns where they will be examined on the 19th inst at 10 am/by our survуo Mears. Goddard & Donging pada

In the case of datiable caus signees are requested to Importe & Exports Off have sucli gool!

No Fire Insu

Bill of Lading.

Get the worlds

No Fire Insurance has been effectad Bill of Lading will be cintarsigned by W.R. LOXLEY & Co. (CHINA) LAD

Hong Kong, 18th June, 1999,

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