1939-06-29 — Page 13

HONGKONG DAILY PRESS

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

INDIA, AUSTRALIA

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

AND CHINA Incorporated by Royal Charter, 1853

43

Sterling

Proprietors.

Head Office:-HONG KONG

Paid-Up Capital ·..... .:£3,000,000 £6,500,000 Reserve Fund

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

£3,000,000 prietors ...$90,000,000

HEAD OFFICE: LONDON: 38, Bishopsgate E.C.. Sub-Agencies In London; 117/192, Leadenhall Street, E.0.3. West End Branch: 14/18-Cockapur Street, B.W.1. Manchester Branch: 12, Mosley Street, Manchester, 2.

Board of Directors:

A. L. Shields, Esq.,

W. H. Lock, Esq.,

Chairman.

Deputy Chairman,

Hon. Mr. J. K. Bousfield,

A. E. Compton, Esq.,

How Mr. 8 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,

ALOE STAR AMRITSAR MANGKOK

BATAVIA BOMBAY

CALCUTTA

AGENCIES AND BRANCHES:

HARBIN PENANG HỒNG TÙNG XANGOON ILOILO

BAIGON [POX

SEREMBAN KARACHI BHANGRAL KLANG

SINGAPORE KOM

SITIAWAN SOURABAYA

AGENCIES:

Chief Manager. CLIVE STRAKT

DELX1 HAIPHONG Francisco HAMBURG

HANKOK

H

Branches:

FAIRLIK PLACK CANTUN CAWNPORE

Amay

Ipoh

Bangkok

Johore

Penang Rangoon

CIBU

COLOMBO

Batavia

Kobe

Saigon

Bombay

Kowloon

San

Calcutta

Kuala

Canton

Lumpur Shanghai

Chefoo

London

Colombo

Lyons

Dairen MaIncen

Singapore Sourabaya Sungei

Foochow

Manila

Haiphong Muar

Hamburg (Jahore)

Patani- Swalow

Hankow Mukden Tokyo

Tientsin

Harbin

Hongkow

New York Peiping

Iloilo

Tsingtao, Yokohama

KUALA

LUMPUR KUCHING.. MADRAS

MANILA

MEDAN NEW YORK PEIPING

GENERAL

BRITISH TRADE MOTOR CAR CZECH GOLD

PROPAGANDA

New Council For Publicity

LONDON, June 28 (Reuter)— A National Council for British Commercial Propaganda. Over- seas, which was formed with an executive including · FEDTS- sentatives of leaders of in- dustry and-commerce, held, an Inaugural luncheon in London yesterday.

said

the Lord Semp:11.

President, describing the objects of the organization

that British Industry lacked sympathetic re- presentation abroad in the form of propaganda or publicity and their efforts would be devoted to present the case of British goods to other nations in a dignified

way.

TAXATION

IN BRITAIN

BUDGET PROPOSALS

TO REMAIN

LUNDON, June 28 (Renter) --Stading Arm on the Budget proposals to Increase

motor car horse-power tax, Sir John Simon, Chancellor of the Exchequer, in the House of Commona yesterday, met 'crifles who declared that the higher taxes would affect Britain's car exports bý offer, ing to consider a new horse- power formula for taration purposes.

TRANSFER

"LABOUR MOTION REFUSED IN HOUSE

OF COMMONS LONDON, June 28 (Reuter)- The House of Commons, by" 196 votes to 125, rafused Mr. G. `R. Strausa (Lab) permission to the

la- troduce a bill called the Bank of England Compulsory Consulta- tion Bill, the purpose of which was to make it compulsory, for the Governor. and Directors of the Bank of England to con-- sult with the Government on financial matters affecting -na- tional, interests.

Mr. Strauss explained that his Sir John Simon suggested that action in presenting the Bil the present formula tended to arose from "the deplorable affair produce an engine, the main pur-of the Czech pose of which was to avoid taxi-Germany.” tion and which might not be suitable for the foreign market.

Coricessions Wanted

Government

The

supporters among those

Special Journals The Council will publish special journals and press matter of the countries covered.

The Secretary for Overseas were prominent Trade, Mr. R. S. Hudson pressing for concessioris, TONGEAR was present at the luncheon and (Bhuket) expressed his sympathy with the

objects.

TAIPING

TIENTSIN

TSINGTAO YOKOHAMA

(Peking) 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 'ba application.

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

CURRENT ACCOUNTS opened, in LOCAL CURRENCY and FIXED DEPOSITS

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

Also up to date SAFE DEPOSIT BOXES in various sizes To Lar

Hong Kong, 5th June, 1939.

HONGKONG SAVINGS

BANK

British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.

R. A. CAMIDGE,

Manager,

THE CHASE BANK

The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL

is conducted by the HONGKONG

& SHANGHAI BANKING COR PORATION. Rules may be obtain-

ed-on application.------

For the HONGKONG & SHANGHAI

BANKING CORPORATION.

V. M. GRAYBURN,'.

Chief Manayer.}

Hong Kong, 25th Feb., 1939.

BANK OF EAST ASIA, LIMITED

Authorised Capital".....$10,000,000.00

Paid-Up Capital

Reserve and Undivided"

Profits

5,898,600.00

2,863,932.01

Head Offer:-HONG KONG

No. 10 Des Voeux Road, Central.

Board of Directors:

Sir Shauson Chow, Chairman

Li Koon Chun Esq.

HEAD OFFICE:

18, PINE STILENT,

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 BANK, THE CHABE NATIONAL NEW YORK, with Resources over U.S. $2,500,000,000.

D. M. BIGGAR,

Second Vice Pres

U.S. SILVER PRICE PROBLEM

Li Las Bang, Ex.

WASHINGTON, June 28 Wong Chu Son, Esq. P. K. Kwak. Esq. Wong Yun Tong, Esq. Kan Ying Fo, Esq. ter) The best opinion amongst ChanjChing Sher, Esq. Fang Plog Wah Esq. members of Congress is that Pre- Kan Tong Po, Bad, Chief Manager. aident Roosevelt will have to Li Tsa. Fong, Baq., Manager.

of accept the termination

and idollar devaluation power

higher silver price if he wants to retain the Stabilization Fund.

Amay Batavia

Branches and Agencies?——,

Kowloom London

Penang

Вістарата Rangoon Sourabaya

Bwatow Bombay Manila -Saigon

San Fran- Bydany Melbourne Nagasaka" cimo Fiontalv New York Seattle Vancouver Pirt

Bemarang Shanghai

Jaloutta Haiphong Banker Benciale Kabe

Pelping

It was subsequently stated that the Prime Minister had been asked to receive a deputalon and it was gathered that the Counc was anxious to stress the desira- bility for completing as quickly as possible the Anglo-Russian Pact and for instituting effective measures to deal with the Far

Eastern situation.

H. K. STOCK EXCHANGE

Buyers were very backward in advancing their prices with the result that the turnover was very small. Sellers being disinclined to come down with slightly better news to encourage them.

J

BUYER'S

H.K. Bank, $1326.

H.K. Wharves, $106. Providents, $4.65.

H. & S. Hotels, $54. H.K. Lands, $35.

Mr.

J. Henderson Stewart (Nat. Lib.) emphatically 813- nounced that he would not use his car from January to March. "There will be "thou- sands and tens of thousands like me." he declared..

Sir John Simon refused to ex- empt cars over a year old, from the proposed incresav.

BIGGEST BOOM

gold

•

THURSDAY JUNE 29, 1939. --PAGE 13

PRESIDENT LINER

Sailings

FOR SAN FRANCISCO & LOS ANGELES

vin SHANGHAI, KOBE, YOKOHAMA and HonolulLU 88. "PRESIDENT CLEVELAND Sala June 30th at 12.01 AM: -S.S."PRESIDENT FIÈRCE”.

8.8. PRESIDENT COOLIDGE" S.S." PRESIDENT TAFT" ES. "PRESIDENT CLEVELAND". 8.S." PRESIDENT PIERCE "

SS.

8.8.

transfer to

S'HAI FINANCE IMPROVES

CHUNGKING, June 28 (Central) -A Shanghal message stated that the deflationary effect exerted by the restrictive measures announ- ced by the Ministry of Finance has promptly curbed the unscru pulous manipulations of specula tors and restored confidence and ease in the financia, market:

There are indications that "gold bar and foreign exchange will be further eased), Already commodity price in Shanghai has registered a drop and a sense of security is Gradually returning, the message remarked.

Bills are freely discounted by the Shanghal Banker's and Native Banks Reserve' Board, while large numbers of advances have already been made to various individual banks and cash shops:

ON THE WAY Lord Riverdale, formerly Sir Arthur Balfour, one of the "out- standing figures in the Sheffield steel industry, told the British Standards Institution in London on June 15 that he believed we were on the verge of one of the CONSIGNEES' NOTICES biggest expansions of international trade the world had ever known.

HAMBURG-AMERIKA LINIE

NOTICE TO CONSIGNEES.

"All that is lacking is con- fidence." he said "Invention is here; scientific research is here; we have the finest productive THE M.S. plant in this country. and ali ready to do business if we can only get confidence.”

Mr. R. & Hudson secretary of

HK-Lands, 4-Debentures par the Department of Overseas Trade.

B.K. Traziways, $16.60. HK, Star Ferries, $66. China Lights (Old); $8.20. H.K. Bectrics, $55. Canton Tees, $1. Wing On (H.K.) $41. HK, Govt, 4% Loan 4pm.

SELLEKS

HK. Fires Ins; $185. HK. Wharves, $110, H. & 8. Hotels, $5.70.

SALES

H.K Lands, 4351,

: H.K. Star Ferries, $66).

PHILIPPINE GOLD MINING

QUOTATIONS

Atoks

24

Antamok

19

(Reu-

Big Wedge LX.L

19

47

Itogon Mining

22

Masbate Consolidated

11-

Mine Operation

13

а

North Camarines

24

San Mauricio

88

Buyoc Consolidated

131

Syndicate Investment United Paracale

039

40

the

A strong coalition of 48 Bena- tors is apparently determined to block the entire Monetary Bill it returns from the House

Every description of Banking and without approval to yesterday's Exchange business transacted. Losas Senate amendments.

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.

SAYS DEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

BANK OF CHINA

COTTON MARKETING CONFERENCE

LONDON, June 28 (BW8)-Ques- tioned about invitations issued by the United States Government to the World Cotton Marketing Con- ference at Washington in, Septem- ber, Mr. R. A. Butler told the House of Commons that the United the Kingdom Government and

had in- Government of India dicated to the Government of the United States their willingness to participate in the proposed dis- PAID UP CAPITAL $40,000,000.00 cuastons, provided other major

(BRANCHEB ALL OVER CHINA)

Specially Chartered by THE NATIONAL GOVERNMENT

OF CHINA AS AN AN INTERNATIONAL EXCHANGE

BANK

cotton producing countries were

Owing to our numerous Branches represented.

in China and connections in the The Government of Sudan had

principal Commercial Centres of also indicated their willingness to the World, we are able to extend

to our Clients special facilities for send a representative,

Domestic, and Foreign Banking and Exchange.

magnet

Head Office:-SHANGHAI Hong Kong Branchi

4, QUEEN'S LOAD, C.

South China Offices:

CANTON SWATOW SHTUCHOW

KONGMOON

TOISHANA

KINGCHOW

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

He understood that invitations were also extended to Argentina, México, Brazil, Egypt, France,

PHILIPPINE GOLD MINING

QUOTATIONE

spoke of the importance of stan dards, and said the mind boggled at what might happen if they were omitted from sport.

"I am not sure that a rabbit like myself would not be tempted to resume the game of golf." he said, f I could play on a course which had decent holes instead of the ridiculously small ones at present provided."

SUGAR COUNCIL

THE

*RHEINLAND " having arrived from Hamburg and Ports of call, Consigness of Cargo are hereby notified that their goods are being landed and placed at their risk into the Hong Kong & Kowloon Whart & Godown Company's godowns `at Kowloon, where delivery may be obtained as anon, sa the goods are landed

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

No claims will be admitted after tue Goods have left the Godowns, and all goods remaining undelivered after the 6th July, 1030, will be subject to reut.

All broken chafed, and damaged Goods are to be left in the Gotowns, where they will be examined on 4th uly, 1928, at 10 am, by our and Surveyors Mesers. Goddard Douglas.

41

To comply with the General Bonded Warehouse Regulations consignees must have a Revenue Officer in attendance when damaged dutiable goods are examined,

ALLOCATIONS LONDON. June 28 (BWS) The President of the Board of Trade. asked in the House of Commons what proportion of the additional 153,000 metric tons of raw sugar, which was allocated to the British Dominions and Colonies at the re- cent meeting of the International Sugar Council, would come from the Dominions and Colonies, res- pectively, replied that the Colonies share of the total was 110,365 by 'metric tons, and that of the

Dominions 42,900 metric tons.-

CONSIGNEES' NOTICES

MESSAGIRIKI ́MA

Wednesday, June 28, 1939, Centavos

Antamoks Atoks

Benguet Consol

Batong Buhay

∙19) 21 10.30 012

SERVICES CONTRACTUELS DES

19

29

Bi

ទ

8.8. CHENONCEAUX

16 A/30.

Big Wedge Coco. Grove Demonstrations Mindanao

Itogona IX. L

Masbates Consol

11

Mine Operations. North Camarines Ban Mauricio Suyoc Consol

13

25

89:

134. 41

United Faracales

Syndicate Investment ...039 Market Comment Steadier...

HONGKONG

SHAREBROKERS,

ASSOCIATION

Volume" of "Business Transacted on Wednesday, June 28, 1939.

50 $66.50 10,000 Px. 0.40

Peru and the USSR., but informa- tion was not yet available as to Star Ferries... whether any, and, if so, which, of United Paracale these governments had accepted.

€125,355,638 at the corresponding EXCHEQUER RETURNS date last year, the d

CONSIGNER NOTICE.

BRINGING CARGO FROM MARSEILLES via SAIGON, etc. ARRIVED HONG KONG on SATURDAY, TH# 94TH JUNE, 1989,

TONSIGNEES are hereby informed that their goods with the exception of Opium, Treasure and Valuables are being landed & stored into the Godown of the Hong Kong, Kowloon Wharf & Godown Co., Ltd., Kowloon, whence delivery may be obtained immediately after landing, ding

All claims must reach us before the

5th Aug., 1930, or they will not be recognized,

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

JEBSEN & CO.,

Agente Hong Kong, 28th June, 1939. [511

RICKMERS LINIE

NOTICE TO CONSIGNEES

HE 8.8. M

BERTRAM 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 godowns at 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 vessel's arrival, but carried on from port to port to the final port of call to which the option extenda

No claims was be admitted after the Goods have left the Godowns, and all goods remaining undelivered after the at July, 1839 will be subject to rent.

All broken; chafod, and damaged Goods are to be left in the Godowns, All claims must be heuf in to me on where they will be examined on 20th or before the 5th July, 1989, or June, 1939, at 10 am by our Sur- they will not be recognized

MAZIOON EVOTors Messrs. Goddard and Dougla Damaged Packages will be examined. To comply with the General Bonded by the Company's Surveyor, Mesur Warehouse Regulations consignees Goddard & Douglas in the presence of must have Revenue Officer in the Consignees at 10.00 m, on Fri- attendance when damaged detisble day, the 20th June, 1989.

Consignees must have

goods are examined Officer in attendspoo when any dotiable goods are examined by the Company' Barrerons Plan B

even

No Fire inanmaaco will be effected by

in any case whatever

ROHL

The total ordinary expenditures LONDON, June 28 (BWS)-Ex-less self-balancing Items, is £262- chequer returns show that the 925,293, compared with £221.795- total of ordinary revenue amounts 678 at the corresponding date of Hong Kong, 24th June, 1999. Imager, to £135,975,327,, compared with 1938.

BHỚU J. (HEN; A

ילן

All claims must reach us before the 1st Aug, 1929 or they will not be -recognized.

No Insurance will de expecten, Bill of Lading will be countersigned.

NEESEN & CO

Agente

Hong Kong, ath" uno, 1989.

1612

July 14th at 1101 AM.

July 29th & 10.00 AM

Ang. 12th at 8.00 AM.

Aug. 26th at 8:00 AM,

Sept. 9th at 400 P.M.

AND FORTNIGHTLY THEREAFTER

FOR NEW YORK & BOSTON via-SUIZ

PRESIDENT GARFIELD" Sails July 8th at 12 Noor PRESIDENT MONROE”

#

Jaly 90th at 12 Noor, AND. FORTNIGHTLY THEREAFTER

FOR

MANILA

Sails July 7th at 9.00A.M.

1

July 8th at 13. Noor.

at

July sind at 1.00 AM.

Aug 4th at 19 Noo

-88. "PRESIDENT PIERCE ".

8.8. PRESIDENT GARFIELD" 88. "PRESIDENT COOLIDGE”' B.S." PRESIDENT ADAMS *****

AMERICAN PRESIDENT LINES

ROUND-WORLD SERVICE”

12, PEDDER ST.

Triestin

lloyd

.

TEL. 28171.

FORTNIGHTLY

EXPRESS SERVICE

FAR EAST-INDIA-ITALY

Hongkong-London 23 days Hongkong-Italy 81 days

SCHEDULE OF SAILING FROM HONGKONG

TO MANILA, SINGAPORE, COLOMBO, BOMBAY, ÉGYPT

· HaBr

¿FFALY

TO SHANGHAI,

C. BIANCAMANO* 1st July * "CONTE ROSSO" 5. "CONTE ROSSO" 14th July. m.v. "VICTORIA” m.v. "VICTORIA” 12th Aug, "CONTE VERDE" 1st Sept.

"C. BIANCAMANO* 16th Sept.

LLOYD

7th July 6th Aug.

"CONTE VERDE" 25th Aug. "O, BIANCAMANO" 10th Sept. 2. "CONTE ROSSO" Sad Sept.

TRIESTINO.

P.O. Box 143. Tel. Address "Lloydiano"-Telephones 32068 Passenger

32983 Freight

HAMBURG-AMERIKA LINIE

Far Eastern Mail, Passenger & Freight Service

Through bookings to America via Europe and Europe via America, Bookings around the world. Through bookings to Indon

OUTWARD SAILINGS

m.v. "RHEINLAND". 'xx.v. “BURGENLAND ”

„„for Shai, Dairen, Kobe, Y'hama," said STANDARTLA Hara - 10 in 29th June. for Shanghai, Dairan, Yhama. Kobe.

19th July ..............for Shanghai, Dairen, Thanh, c

80s July ཐ,----་--:ས HOMEWARD SAILINGS

* 8.a. "OLDENBURG”

m.v. "LEVERKUSEN” for Genoa, B'dam, Hamburg... 18th July * m. RHEINLAND” ...for Mars, Rʻdam, Hamburg

*Freighter with Passenger Accommodation.

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

JEBSEN 1 & 00., Lente.

5th Aug

12, Pedder Street, Tel. 81205. CANTON AGENTS: CARLOWITZ & CO., Bhakse Road.",

THE BEN LINE STEAMERS, LTD.

S.S. "BENLAWERS'

Sailing for LONDON,

ROTTERDAM

ANTWERP HAMBURG and LEITH on

about the 9th July, 1989.

་

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

For Freight and Passage apply

|to the Agents=1

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

·84186

2: