1939-06-24 — Page 13

HONGKONG DAILY: PRESS

vi

BANKS

HONGHONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

INDIA, AUSTRALIA

AND CHINA

Authorised Capital......... $50,000,000 | Issued & Fully Paid-Up 20,000,000 Incorporated by Royal Charter, 1855 Reserve Funds: "

Sterling

Paid-Up Capital £8,500,000 Reserve Fund

Reserve Liability of Pro-

prietors .....

H.K. Currency Reserve $10,000,000 Reserve Liability of

Proprietors......

$20,000,000

Head Office:-HONG KONG

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

W. H. Lock, Esq..

Chairman.

Deputy Chairman,

Hoa. Mr. J. K. Bousfeld, A. H. Compton, Esq., « Hon. Mr. 8. H. Dodwell,

D. F. Landalo, Esq.,

G. Miskin, Esq.,

K. S. Morrison. Esq,

Hon. Mr. T. E. Pearce,

H. V. Wilkinson, Esq.

Sir Vandeleur M. Grayburn,

Chief Manager.

Branches:

Amoy Ipoh

Bangkok Johore

H. K. STOCK

EXCHANGE

The past week has witnessed one of the quietest experienced for

some long time.

of

Was

Dealings have

been on a very modest scale. Markings have, on the whole, been "fairly well maintained on the basis the daily morning opening £3,000,000 quotations, though a glance at the £3,000,000 Quotation List Indicates many counters have sought temporary £3,000,000 shelter in the nominal column. A

mentioned in last week's HEAD OFFICE: LONDON:

summary, lower levels must be 38, Bishopsgate E.C.2

faced. In the meantime the maT- Sub-Agencies In London:

ket is not overwhelmed with sell- 117/192, Leadenhall Street, E.0.3

ing orders, but naturally buyers West End Branch:

attitude. us to wait for signs of Weakness prior to adding to their commitments. Hongkong Banks and Trams continue to be notable exceptings, both for remaining in fairly constant demand and with all offerings readily absorbed. BUSINESS DONE DURING THE WEEK

14/16, Cockapur Street, B.W.1. Manchester Branch:

32, Mosley Street, Manchester, L

AGENCIES AND BRANCHES:

ALOR STAR AMEITBAR BANGKOK ·

· BATAVIA BOMBAY

CALOUTTA

AGENCIES: CLIVE BRIX: PAIRIJE PLAC

GANTON CAWNPORK

Penang Rangoon

COLOMBO

Batavia Kobe

Saigon

Bombay

Kowloon

San

DETAXY HAIPHONG

Calcutta

Kuala

Canton

Lumpur Shanghai

"Chefoo

London

Singapore

Colombo

Lyons

Sourabaya

Francisco HAMBURO

HANKOW

Dairen Malacca Sungei

"Foochow Manila

Patani.

Haiphong Muar "Swntow Hamburg (Johore) Tientsin Hankow Mukden Tokyo Harbin New York Tsingtao.

Yokohama Hongkow Paiping Iloilo

CURRENT ACCOUNTS opened in LOCAL CUBREXcy and Fixed Deposite received for one year or shorter

"

HARDIN

PENANG

YONG TRONG BANGOON ILOILO

BAIGON 190H KARACHI KLANG KOBE

KUALA

LUMPUR

KUCHING

MADRAS

MANILA

MEDAN

NEW YORK

PRIPING

..

(Peking)

SEREMBAN SHANGHAI SINGAPORE ΒΙΤΙΑΣΑΝ HOURABAYA'

TAIPING

TIENTSIN

TONGTAK

(Bhuket)

TSINGTAO YOKOHAMA

FOREIGN EXCHANGE and General, Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITH received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on 'application.

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

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

Atao up to date SA DEPOSIT terms which may be ascertained at

any, of the Agencies and Branches. BOXES in various sizes To LET.

Hong Kong, 5th June, 1930.

HONGKONG SAVINGS

BANK

The Business of the above Bank

R. A. CAMIDGE,

Manager.

JJ

THE CHASE BANK

is conducted by the HONGKONG 18, QUEEN'S ROAD, CENTRAL,

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

ed on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION..

V. M. GRAYBURN,

Chief Manager. | ̧.·

Hong Kong, 25th Feb., 1939,

BANK OF EAST ASIA, LIMITED

Authorised Capital

Paid-Up Capital Reserve and Undivided

Profita...

11

$10,000,000,00 5,598,600.00

2,833,032,01

Head Office:-HONG KONG

No. 10 Des Voeux Road, Central.

"

Board of Directors:

Bir Shouson Chow, Chairman

Li Koon Chun, Esq.

Li Lan Berg, Eng... P. K. Kwok, Esq. Wong Cha Bon, Esq. Wong Yun Tong, Esq. Kan Ying Po, Esq. ChantChing Shok, Esq. Fang Ping Wah Esq. Kan Todg Po, Esq., Chint Manager. Li Tse Fong, Esq. Manager.

Amoy

Batavia

Branches and Agencies:-

Bombay Mucila

Calcutta

Haiphong

Kowna Tepang Singapore London

Rangoon

Bourabaya Swatow Baigon Melbourne San Fran. Sydney Nagaanka alsos austin

Vancouver Bemarang Priping Уклад

Haskow Ma Tock Seattle Xenalala

Kabe

Paris

HEAD. OFFICE:

18, PINE STREET,

NEW YORK.

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

41

Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHAZE NATIONAL BAKE, NEW YORK, with Resources over U.S.$2,800,000,000.

D. M. BIGGAR,

Second Vice Pres

HK. Banks, $1380, $1340, $1345,

$1342), $1340, $1343, $1340. Union Ina, $440.

Wharves, $108.

Providents, $4.65,” $4.00, $4.56.

HK, Lands, $364. $35), $36, $357. "HK. Tramways, $16.30 $10.

$16.60.

Star Ferries, $66, $65}, $86. Yaumati Ferries, $221. Electrics, $55), $551,”$554, Dairy Farms (0); $21). Watsons, $8.40, 38.45. Entertainments, $6.90. Govt. 31 loan par.

BUYKES

Providents, $4.65. Raube, $8.40.

H.K. Lands, $36).

HK. Lands 4% Debentures par. HK. Tramways, $16.60. China Lights (0),`$8.20. Canton Ices, 31.

"Dairy Farms" (0), 321},{"

Watsons, $8.45.

HK. Govt. 4% "loan 4% pm.

SELLERS

Canton Ins., $230... Union Ins. $447).

HK Fires, $185.

H. & S. Hotels, $5.70. HK. Tramways, $16.70. HK. Lands, $36. Dairy Farms (0). $22

SALES

Union Ins., 3440. Providents, $4.70.

HK. Tramways, $15,60. HK. Electrics, $55).

PHILIPPINE GOLD MINING QUOTATIONS

Friday, June 23, 1939.

CentaTOS"

FINANCE

WEEKLY RETURNS AND REPORTS

BANK OF ENGLAND

Public Deposits Other Deposits:

Bankers **

Other Accounts

Total

Total Bullion

Notes in sirculation

SATURDAY, JUNE 24, 1939 --PAGE 13

PRESIDENT LINER

Sailings

FOR SAN FRANCISCO & LOS ANGELES vis SHANGHAI, KOBE, YOKOHAMA and HONOLULU 88. "PRESIDENT OLEVELAND" Sails June 30th at 12,01 AN. 8.S." PRESIDENT PIERCE** 6.A PRESIDENT COOLIDGE ".

London. "June 22. (Reuter),

June 8

£

June 16 S

23,080

25,240

100,300

97,240

36,400

36,130

138,700

133,570

Government Securities

110,240

112.698

Other Securities:

Discounts and advances

3,630

65,490

Securities

22.863

Total

35,380

15,200 31,690

Notes and Coins

31,600

$2.200

226,758

SS PRESIDENT TAFT"

494,950

494,070

20.20%

20.30%

14845

..148/5

R.S.. " PRESIDENT ÜLEVELAND" 8.8. "PRESIDENT PIERCE"

་་

FEDERAL RESERVE SYSTEM

New York, Juna "2" (Reuter),

June 15

June 2

-- (000's" omitted)

1.000

1.000

U.A Securities held

2,564,000

Federal Reserve Ratio

85.37%

3,564,000 85.59%

Pederal Reserve Credit Outstanding.

2,805,000

2,584,000

Monetary Gold Stock

Industrial, Advance

18,027,000 12,489,000

15,060,000 12,377,000

Ratio of Reserve to Liabilities

Price of Gold at Which Holdings are valued ......

Bills Bought

CHINA FIRST LOAN PAYMENT

TO U.S.

SHANGHAI, June 23 (Int'l)-A sum of $5,000,000 in Chinese na- tional currency, consisting of a mixture of silver coins and bars and a few gold coins packed in 4,800 cases has arrived in New York, according to a San Francisco report.

U.S. COTTON PROBLEMS

British Association On Barter Scheme

July 14th at 120) AM.

July 29th 8 10.00 AM.

Aug. 2th at 8.00 A.M.

*+

Aug. 16th at 8.00 AM. Sept. 8th at 400 P.M.

BOSTON

AND FORTNIGHTLY THEREAFTER

FOR NEW YORK

vin Surz

S.S." PRESIDENT GARFIELD' Sails July 8th at 18 Noos July 20th at 12 Noor 88. "PRESIDENT MONROE"

AND FORTNIGHTLY THEREAFTER

FOR MANILA

8.S." PRESIDENT PIERCE * 8.8. "PRESIDENT GARFIELD" 8.8. PRESIDENT COOLIDGE"

B.S. "PRESIDENT ADAMS"

Sails July 7th at 1.0 › A.M.

July 8th at 12 Noor July 1st at 9,00 P.M.

Aug. 4th at 19 NOON

AMERICAN PRESIDENT LINES

ROUND WORLD SERVICES

43

12, PRUDER ST.

WASHINGTON, June (Benter)—The House of Bo- presentativeS approved of $225,000,000 for parity・ cotton payments by a vote of to 175. The $113,000.000 surplus cotton removal will be taken up immediately.

180

for

re-

It is reported that the money was ocasigned from Canton and shipped by caravan to Haiphong, Indo-China, where it was sent to Manila on the steamer Laos, The

A later message states that the consignment arrived in Manila, on March 7 and was then picked up $113,000,000 for surplus crop by the President Garbeld, which moval was approved by travelled three quarters of the way of 145 to 100. around the world past Bombay, About $35,000,000 of this amount the Suez Canal and across the will be devoted to cotton North Atlantic before arriving in subsidies. San Francisco.

a vote

export

states

A message from London that it is understood that mem- The money reportedly represents bers of the Liverpool Cotton Aa the Chinese Government's first sociation passed a resolution that payment on its $25,000,000 Ameri-while deploring the Government's can loan with which it purchases rubber for cotton barter scheme. American lorries and other ma- they had authorized directors to terials.

give assistance and advice to the Government.

LONDON METALS EXCHANGE London, June 22 (Reuter)..

COFFER

buyera B

U.S. SILVER PRICE

WASHINGTON,

(Reitor)” Thế sellers

23

Запе administra tion is willing to continue unchanged the domestic new-

·ly-mined silver price, stated Senate Senator Barkley, In quarters.

229-1/4 MOVE TO INCREASE

CHINESE EXPORTS

Antamoks

221

Atoks

23

Bagulo Gold

23

Benguet Consol

Standard, Cash 42-3/16 Standard.

£ 42-1/8

Batong Buhay

Manbulao Consol,

10.70 014

9

3 months 42-5/18

47-1/2 Electrolytic

42-3/8 48-1/2

Coco Grove

31

TIN

Demonstrations

9

Big Wedge

21

Standard, Cash 229 Standard.

Itogons

24"

Masbates Consol

118

Mine Operations

14

3 months 224-3/4

LRAD

225

Paracale Gumaus

17

Paracale Gumaus

17

Foreign,

San Mauricio,"

95

Official Price 14-5/8

14-11/16

134

Foreign Oficial

43

Syndicate Investment

040

£3,000,000

£1,800,000

Surigao Consol.

21

3 months 14-3/4

SPELTES

£1,050,000

21,247,830

North Camarines ........... 27)

Market Comment-Quiet.

Ordinary,

Official Price 13-3/4

13-7/8

Ordinary, Official

THE MERCANTILE BANK OF INDIA, LIMITED

Head cffco:-15, Gracechurch Street," London, EC3 Authorisert Capital

Subscribed Capital Paid-up Capital Reserve Puad and

Fost

BANKERS: The Bank of England and Midland

Bank, Ltd. BRANCHES:

Bangkok

Bombay

Calcutta

Colombo Dethl

pol

Kuantan Kandy Karachi... Kota Bharu

Kuala Lipis

Buyoc Conso),

United Paraçales

HONGKONG

SHAREBROKERS'

"ASSOCIATION

Kyla Trengguna

Madru

New York

Penang

Exxgoos

Shanghai

Simila

Kasis Lampur

Singapore

1.

Every desciption of Banking and Kuchange

Sun

Co. (HK) (June 21)

HONG KONG BRANCH:

rebusinese trapuncted.

Travellers Chequen lomaed,

Every description of Banking and date Exchange business transacted. Losas Hongkong

Howrah granted on approved securities.

Current Accounts opened in Local Currency and Fixed Deposits ceived. for

one year or shorter periods in Local and Foreign Cur- rencies on terms which will be quoted or application.

SAFT DEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager. ⠀

BANK OF CHINA

Specially Chartered by

THE NATIONAL GOVERNMENT

OF CHINA ARAN

INTERNATIONAL EXCHANGE

BANK

Volume of Business Transacted on Friday, June 23, 1938. Telephones (N)

(June 21)

-500

TRUSTEE AND EXECUTORSHIP HK, Banks (June

- UNDERTAKEN

こ

CURRENT ACCOUNTS (opened In Lomnă Our rency and PIXED DEPOSIfa ricelved in Local Curreday, SEERLING & U.8 DOLLARS on terms that may be acortaland on application.

D. BENSON..

$7.45

2.50

Manager

Lands (June 22) 100 Providents (June

1,000 Suz Co. (HK)

(June (22) sen 110 Itogus (June 22) 5,000 Itogon (June (22) 2,000 Antamoks (June

7 1,340.00 35:75

4.85

*2.50 Ps. 0.211 Ps. 0.25

22).

5,000 5

Ps. 0.21)

$440,00

1,835.00

French Loan To Spain?

(T/Ocean)—| PAID-UP CAPITAL $40,000,000.00 PARIS - June 2

(BRANCHES ALL OVER CHINA) The French Ambassador to Spain, Owing to our numerous Branches Marshal Petain, held a lengthy in China and connections in the conference on Thursday with the" principal Commercial Centres of French Minister of Finance, Paul the World, we are able to extend Reynaud, the discussion, according to our Clients special facilities for to informed circles, dealing with Domestic and Foreign Banking and

the return of the Spanish gold

· Exchange.

and granting of a French loan, Head Office: SHANGHAI /

Hong Kong Branch:

4, QUEEN'S ROAD, C.

South China Officer:

CANTON":

SWATOW

KONGMOON TOIBHAN

It is declared that the French Government is not determined to accelerate the return of the gold A loan to Spain is necessary, if is declared, to revive the Franco-

SHIUCHOW KINGCHOW Marshal Wetain is regarded as

Union Ina.

HK. Banks

8,50 8.50

Trams

700 18.60 Watsons

600 China Lights (0) 111

BANK WITHDRAWALS

REDUCED

14-1/16

Commercial Supply Of Bristles

SHANGHAI," June 23 (Int'l)----In 14-13/16s efforts to increase Chinese ex- ports, the Chinese foreign trade of the Ministry of commission Finance is paying special atten- tion to exports of bristles. In peacetime China accounts for 75 per cent of the world's commercial supply of bristles, with the United States as the principal buyer,

Although the war has tempor- the volume of Tin. Standard, 3 months, £225 arily reduced paid and value.

China's export trade, China sold nearly $28,000,000 worth of bristles to the world in 1937.

3 months 14. Final Afternoon Transactions Tin, Standard, Cash £229-1/2 value.

YEN AT DISCOUNT AGAIN

SHANGHAI, June 23 (Reu- ter)-The yen was again at a discount against the National dollar, buyers paying about 97 cents for one yen.

in

The commission has established a scientific bleaching plant Chungking to bleach bristles for export, which process was "for- merly done in Shanghai: The plant has 1,000 workers, half of whom are women. The plant hag a pro- duction capacity of 180 quintals per month, worth about $400,000 on the market..

The commission bought Hankow and Chungking: “ from

FRANCO - JAPANESEarth to December, 1998, over TRADE AGREEMENT $2000,000 worth of white bristles

for export PARIA June23 (Reuter) Szeahuen province la leading the France will sign 'n. Tokyo to-day a country in the production of bris-- commercial agreement for reties, supplying over 9,000 quintais establishing the balance of trade

or nearly 14 per cent, of the total in France's favour

national output.

The agreement regularises the situation which arose after Japan CHUNGKING, June 23 (Central) had recently drastically re- A Chinese anancier stated in an duced imports from France and interview yesterday that the An-France had replied on May 3 by ancia situation in Shanghai was imposing a licensing system for steady after the announcement Japanese imports of the Ministry of Finance to res- det deposit withdrawals to $500 weekly, says a Bhanghai

Withdrawals during the day, ac- cording to the financier vere duced noticeshi

explained that the

We also handle the issue of Bonds the motivating force Impelling the The Mugh and other Public Funds of the Chinese Government both at Home French Government to grant the action of the Ministry was to pe

Apanish demands and to take vent of the and Abroad

steps to improve the relations with he urged all Chinese

the restrictions, that country.

20

SHOP J. CHEN

Itizens to

BROKERS' LOANS

New York, June 22 (Reuter). Loan on securities to brokers in New York:-"

Week-ended June 15 2524.000.000

Wesk-ended

BANK OF FRANCE GOLD RESERVES PARIS, June 22 (Reuter) The returns of the Bank of France for the week ended June 7 show gold reserves totalling 92,266,000,000 Francs,

of gold Content of 27.5 milligrammes, indicating no change as compared with the preceding week,

The total note circulatio given ast 120 215.000.00

showin

Franca, as compa

ended Jun

Week

Lloyd

TEL. 28171.

Priesting

„FORTNIGHTLY

EXPRESS SERVICE

FAR EAST-INDIA-ITALY

Hongkong-London 23 days" Hongkong-Italy

21 days.

11

SCHEDULE OF SAILING FROM HONGKONG

TO MANILA, SINGAPORE,

TO SHANGHAI

COLOMBO, BOMBAY, EGYPT

& ITALY

B. "CONTE ROSSO"

7th July

m.v. "VICTORIA”

18th Aug. m.v. "VICTORIA”

6th Aug.

* "CONTE VERDE"

1st Sept. 8. "CONTE VERDE" 25th Aug..

8. "C. BIANCAMANO" 1st July 8.8. "C. BIANCAMAÑO" 25th June

14th July | sa "CONTE ROSSO”

24 "U. BIANCAMANO 16th Sept.. "C. BIANCAMANO" 10th Sept.

LLOYD TRIESTINO

P.O. Box 143. Tel. Address "Lloydiano"-Telephones 2983 Passenger

39983 Freight

HAMBURG-AMERIKA LINIE

Far Eastern Mail, Passenger & Freight Service

Through bookings to America via Europi and Burope via America.: Bookings around the world. - Through bookings to Indon.

OUTWARD SAILINGS

m. "RHEINLAND...for S'hai, Dairen, Kobe, Yhams

29th June *m.v. “BURGENLAND® for Shanghai, Dairen, 'hama,

Kobe................... ---- 19th July LOLDENBURG for Bhanghai, Dairen, T'hams,

30th July

∙Kobe been

HOMEWARD SAILINGS.

* xiv. “SAUERLAND" for Genoa, R'dam, Hamburg................ 27th June *m.v. "LEVERKUSEN" for Genos, B'dam, Hamborg 18th July *m.v. RHEINLAND" ...fox, Mars, R'dam, Hamburg Freighter with Passenger Accommodation.

For further particulars and passage fares, etc. apply to:-

HAMBURG-AMERIKA LINIE

JEBSEN

6th Aug.

12, Pedder Street, Tel. 81208--6. CANTON AGENTS: CARLOWITZ & CO.. Shakes Road.

THE BEN LINE STEAMERS, LTD.

S.S. "BENLAWERS"

Sailing for LONDON, ROTTERDAM, ANTWERP HAMBURG and LEITH on or

1939 about the 9th

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

For Freight and l'assage apply

to the Agent

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

Tork Building,