1939-06-30 — Page 13

HONGKONG DAILY PRESS

BANKS

*

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital

'

$50,000,000

INDIA, AUSTRALIA

AND CHINA -

Issued & Fully Paid-Up $90,000,000 Incorporated by Royal Charter, 1853 Heserve Funds:

Sterling

Paid-Up Capital .........£3,000,000 £8,500,000 Reserve Fund

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

prietors

£3,000,000 Proprietors

220,000,000

HEAD OFFICE: LONDON: 38, Bishopsgate' E.C.2. Sub-Agencies In~"London" 117/199, Leadenhall Street, E.C.3 West End Branch: 14/16, Cockspur Street, 8.W.1. Manchester Branch:

J.

Head Office:-HONG KONG

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

W. H. Lock, Esq..

Chairman..

Deputy Chairman.

Hon. Mr. J. K: Bourfield,

AH. Compton, Esq., Hon. Mx, 8. H. Dodwell,

D. F. Landale, Esq..

G. Miskin, Esq.,

K. S. Morrison, Esq.,

Hon. Mr. T. E. Peares,

H. V. Wilkinson, Esq.

·Sir Vandeleur M. Grayburn,

62, Mosley Street, Manchester, %.

~~AGENCIES-AND-BRANCHES:-

ALOR ATAX

AMRITSAR

BANGKOK

BATAVIA

BOMBAY

HARRIN

PENANG

HONG KONG KANGOON.. IZDILO

SAIGON ΠΡΟΣ

BEERMBAN KARACKI *SHANGRAI

SINGAPORE SITIAWAN BODERABAYA TAIPING

QALCUTTA * KLANG

AGENCIES: KOBE

CLIVE HERKKY KUALA PARLIE PLACE

CAWN PORE

CEBU

(Peking)

H. K. STOCK

EXCHANGE

The market continued firm but

very dull, Sellers still holding for higher rates which they will un- doubtably get with any favourable news; and although Buyers are re- luctant to adyance their prices due to the uncertain conditions now

cautious.

appertaining; they may faid they have missed the boat by being over

* BUYERS. HK Bank, $132. Union Ins., $427) HK, Lands, "$35).

HK. Land 4% Debentures, par, HK. Tramways, 316). China Lights (0), $8.20. HK. Electrics, $55.-- Wing On (HK), $41. HK Govt. 1% Loan 4% pn.

SELETUS

Canton ma, $230.. HK. Fires, $185. Providents," $43. H.K. Lands, $36. HE. Realties, $4.80. Star Ferries, $661. H.K. Electrics, $56.

SALES *

K.K. Tramways, $16.60. Watsons, $8.45.

PHILIPPINE GOLD MINING

Chief Manager.

CANTON

LUMPUR

Branches:

KUCHINA

TIENTSIK

Amoz

Ipoh

Bangkok

Johore

Batavia Kobe

Penang Rangoon Saigon

MADRAN

TONGKAH

COLOMBO

MANILA

(Bhuket)

DELHI

MSDAN

TSINGTAO

QUOTATIONS

Bombay

Kowlpon

San

KAIPHONG

Calcutta

Kuala

Francisco

Canton

Lumpur

Shanghai

HAMBURG HANKOW

NEW YORK PEIPING

YOKOHAMA

Atoxs

Antamok

Chefoo

London

Singapore

Baguio Gold

Lyong

Dairen

Malacca

Sourabaya Sungei

Batong Buhay

Foochow

Manila

Haiphong Muar

Hamburg (Johore)

Hankow Makden

Harbin

Hongkew Iloilo

New York Peiping

Patani Swatow Tientsin Tokyo Tsingtao Yokohama

Colombo

FOREIGN EXCHANGE and General Banking Business transacted.

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

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

CURRENT ACCOUNTS opened in LOCAL CUBRENOY and FIXED DEPOSITS received for one year or shorter

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

British Income Tax overpaid, on quoted on application.

terms which may be ascertained at any of the Agencies and Branches,

B. A. CAMIDGE,

ALSO up to date Bars DEPOSIT Boxes in various sizes To Lar

Hong Kong, 5th. June, 1839, ...

HONGKONG SAVINGS

BANK

Manager.

*

Big Wedge

Coco Grave

San Mauricio

QUOTATIONS

20

17'

FINANCE

STEEL ORDERS FROM JAPAN FOR U.S. FIRMS

NEW YORK, June 29 (Reu- ter)-Orders for steal mill equipment, valued at several million dollars. have been placed with the United States by two Japanese firms.

Weekly Wheat Report

HEYNOLDS AND GIBSON

BIG INCREASE IN BRITISH TRADE

Exports Rise £7,500,000 In A Month

An all-round Improvement in Britain's overseas trade is shown in the May returns issued by the Board of Trade. Both Imports-arid exports were higher than last year and better than in any previous month of this year. E

The figures were: Exports, including re-

exports i Imports

(£47,285,713° .£78,541,325.

The increases above the Ogures for April and May of last year were as follows:

Over May

1938

(PER PAYNE & CO) Liverpool.-Until recently consi- derable anxiety was felt for U.S. and Canadian crops owing to lack of adequate rainfall, but prospects have now been greatly improved by General beneficial rains. This

Over April coupled with a poor trade demand. Exports.£7,557,149 £1,943,724 large shipments from the Argen-Imports £8,456,538 £3,142,531 tine and some speculative selling brought a smart decline in values during the last few days and to 2-1/8, prices Anished 2-3/d. down on 'balance.

On Thursday the Dominion Bureau of Statistics issued the following condition figures:--

او

Spring Wheat (All Canada) May 31, 1939, 94, per cent; May 31, 1938, 99 per cent; May 31, 1937, 85 per cent.

211

On this figure a production of 012 380 million bushels is estimated 19

this year. Last year's crop was 350,010,000 bushels which itself was 0025 the best since 1932.

271

Consol. Mines

Demonstration

8

I. X L. Ipo Gold

45

161

Itogens

21/

Masbate Consol.

101

84

Surigao Consol.

10

Suyo Consol

13

United Paracale

374

Mindanao Motherlode. ......

H

“PHILIPPINE GOLD MINING

Thursday, June 29, 1939.

Antamok

Centavos

..... 17

Atoks

.20

Baguio Gold

214

Batong Buhay

012

Big Wedge:

10

Coco Grove

21

Consol, Mines

0025

18, PINE STREST,

NEW YORK.

Demonstrations

8

Mindanao" Motherlode

BI

Itogons

-214

..I X. L.

45

Masbate Consol

101

1

Mine Operations

121

San Mauricio“

84

Sayoc Consol

13

United Paracale

37?

Ipo Gold

Surigao Congo),

161 19

THE CHASE BANK

The Business of the aboys Bank] 18, 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 Manager. Hong Kong, 25th Feb., 1939..

BANK OF EAST ASIA,

LIMITED

Authorised Capital.. .$10,000,000.00 Paid-Up Capital... 5,698,600.00 Reserve and Undivided

Profits

$,883,832.01

Head Office:-HONG KONG

No. 10 Des Voeux Road, Central.

Board of Directors:

Sir Bhouson Chow, Chairman'

Li Koon Chun, Esq.

Li-Li Bang, Eng. Wong Chu Son, Esq. P. K. Kwok, Esq. Wong Tun Tong, Esq. Kan Ying Po, Eay. Chan Ching Shok, Esq. ang Pag Wah Esq. Kan Tong Po, Esq., Chief Manager Li Toe Fong, Esq., Manager.

Amoy Batavia Bombay

Branches and Agencies:--

Kowloon Penang Singapore Loadon Radgon Surabaya Manila. Bairon Bwatoy Ünkenbla Melbourne Ban Fran. Sydney +Haiphong

Karnaka cisco Tintin Rankow

Now York Seattle Tancouver Poodlelin Paris Bemarang Kobe

Polpizg Shanghal

J

HEAD OFFICE:

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

12

Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHABE NATIONAL BANK, New Yoas, with Resources over U.S.$2,500,000,000.

Market Comment--quiet.

D. M. BIGGAR,

Second Vice Pres. HONGKONG

EMPIRE NEWS

[CENSUS OF WEALTH

IN AUSTRALIA

The Menzies Government nas

attained the calm of recess after the most trying week in its short history. The Country party, which consists mainly of farmer

SHAREBROKERS'

ASSOCIATION

Volume of Business Transacted on Thursday, June 29, 1939. Lands (June 28)... 100 $35.80 Lands (June 28)

35.80

Trans

1,000 16.80 China Lights (N) "... 177 5.25 Yaumati Ferries

120 22.50 San Mauricio

5,000 Pa. 0,26

100

members, harassed and obstructed HELP FOR CHINA'S

Raw material imports accounted for a substantial proportion of the increase, being £2,393.431 greater than a year ago. -

GENERAL IMPROVEMENT - The Improvement was spread over a wide range of basic Indus- tries, including coal mining, cotton and woollen manufactures, chemi- cals and non-ferrous metal goods. Exports of iron and steel and asso- ciated manufactures showed, how- ever a small "decrease compared with last year.

In respect of the increase in ex- ports as compared with May of last year is the figure of £3.209,532 for articles mainly or wholly manufac- tured..

This was followed by a USA. Bureau report on Friday. The yield of Winter wheat was estimat-

ed at 523,431,000 bushels, compared The number of motor-cars ex- with 543,928,000 a month ago, and ported was 5,729, compared with a final outturn last season of 686,- 4,446 a year ago, the respective 637,000 bushels. The condition of values being £681,772 and £511.- Spring wheat on June 1 was re- | 953. Four warships were sent turned at 71 per cent, compared: abroad, valued at £316,223, against

th 87 per cent. a year ago and two a year ago, worth £29,320. an average for the past 10 years of 75.7 per cent.

While imports for the first ve months of this year decreased by £27,289,233 compared with last year, exports were only £3,845,523

Europe has experienced fine Krowing conditions this--week and good progress has been made ex-lower. cept perhaps in Italy where too much rain is reported.

Spring crops are now entering a most critical period and the market looks like being a weather affair for the immediate future.

Stocks of wheat in Liverpool": This week 702 loads, last week 698

ds."

u1

|` Chicago, --- Harvesting

the Winter wheat is making good pro- gress. It is reported that yields are.relatively high with an excel- lent natural weight but the protein content is lower than a year ago. The Spring crop has improved as a result of the recent favourable weather.

Winnipeg.-At first, quotations were inclined to harden, but later eased under the absence of de- mand and on favourable crop news. Exports of wheat and four during May are officially returned at 16,029,000 bushels compared with 4,097,000 bushels in the pre- 'vious month. Hince August 1, 1938, exports have totalled 135,269,000 bushels compared with 75,471,000 during the same period of the pre- vious season.

U.S. SILVER PROBLEM

LONDON METALS

EXCHANGE

London, June 28 (Reuter).

COPPER

buyers

£

Standard, Cash 42. Standard..

sellers £ 42-1/16

3 months 42-3/8 Electrolytic 47-1/4

42-7/16 48-1/4:

TIN Standard, Cash 229-3/4 Standard.

230

224-3/8

3 montits 224-1/4

LEAD

Foreign,

Official Price 14-1/2 14-9/16 Foreign Oficial

14-5/8

3 months 14-1/2 `. SPELTER-

Ordinary,

Official Price 13-7/8 Ordinary, Official

13-15/18

14-3/16

3 months 14-1/8

Final Afternoon Transsetions Tin, Standard. Cash, £229–3/4. value.

Tin, Standard, 3 months, £224- 1/4 paid and value.

the new United Australia Party Government, apparently merely to show that it holds the whip hand. The Ministry clearly will be unable to take á determined, Every description of Banking and Exchange business transacted. Loans strong stand and forge ahead with Its programme, unless it is some- -granted on approved securities.

Ministry of Finance has under- Current Accounts opened in Local how able to negotiate new coall taken to help supply markets in Currency and Fixed Deposits re-tian with the Country party, the interior with Chinese manu- ceived for one year or shorter which left the Government on the factured goods produced outside

Devaluation Effect periods in Local and Foreign Car-death of Mr. Lyons. But at pre-ree China. It handled $1,345,830.-- rencies on

terms which will be sent there is no prospect of this 95 worth of commodities for in-The attention of foreign ex- NEW YORK, June 29 (Reuter) quoted on application.

The National Register Bill, with terior cities last year, SAFE DEPOSIT BOXES TO LET.

"the wealth census provision The Commission's service to KAN TONG PO,

changes is focussed on the legis Chief Manager. tacked on was carried. The domestic markets falls into three lation struggle over the devalua- wealth Census. * W36 accepted categories: shipping and wholesal. tion power and although trading against the advice of more ex ing by the Commission itself for 18 very quiet pending clarification perienced Ministers, who stated warding for retallers, and whole of the problems with the chief that most of the information was saling for producers, Goods for opean currencies, there have already in the possession of the warded for retailers accounted for been showers of small changes in taxation departments. It provides $818,023.67 in 1938. Commodities terms of the dollar, that individuals companies and shipped and sold by the Commis Arms shall record all forms of ston. Itself amounted to $97,660.- property owned if in excess of 1998. Wholesaling for producers outlook of the dollar' trend when $500.

WASHINGTON, June 29 (Reuter). DOMESTIC TRADE-The Treasury has reduced the

CHUNGKING, June 28 (Central) foreign silver price to 38.5 cents. --Besides regulating the flow of The House of Representatives CONSIGNEES' NOTICES China imports and exports, the

voted to send the Monetary Bill to the Conference, after defeating Foreign Trade Commission of the

an attempt by the Bill's opponents to have action delayed until after the expiration of June 30.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT, OF CHINA-AB AN

· INTERNATIONAL EXCHANGE

*BANK PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches

Amended Plans For

Bellef Work-****

There is little opinion among foreign exchanges regarding the

falange the "devaluation powers are elimin

ated, indicating that, there is no expectation of any severe imme- diate effect.

totalled $332,167.

IMPORTANT MARKETS Domestic goods handled by the Acting ou representations by Commission in China and connections in the elected members and the advice of Shanghai where a large stock

came mostly from principal Commercial Centres of the World, we are able to extand the Labour officer, the Governor chinese manufactured goods was

of

RICKMERS LINIE

NOTICE TO CONSIGNEES

TEE SS.

T

14

*BERTBAM 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 vedeľa arrival, hat carried on from port to port to the final port of cal to which the option extenda

FRIDAY, JUNE 30, 1939.

PRESIDENT LINER

Sailings

FOR SAN FRANCISCO & LOS ANGELES

+

vis SHANGHAI, Kons, YOKOHAMA and HONOLULU

88. *PRESIDENT OLEVELAND "Sails June 30th at 1201 AM. 8.5. A PRESIDENT PIERCE* 8.8. * PRESIDENT COOLIDGE" ES. PRESIDENT TAFT ".

SUS. “ PRESIDENT CLEVELAND" &S. PRESIDENT. PIERCE "

July 14th at 12,01 A.M.

July 19th at 10:00 AM.

Ang. 19th at 800 A.M.

Aug. 26th at 8,00 AM.

Sept 9th at 400 P.M.

AND FORTNIGHTLY THEREAFTER

FOR NEW YORK &. BOSTON

VIA SUES

S.S." PRESIDENT BARFIELD " Saila July 8th at 19 Noo 88. PRESIDENT MONROE---

-July 90th at 15-Noon

AND FORTNIGHTLY THEREAFTER. -

FOR

MANILA

S.S. * PRESIDENT PIERCĘ " S.S."PRESIDENT GARFIELD". 8.S. “PRESIDENT COOLIDGE" 8.S." PRESIDENT ADAMS"

Sails Jaly 7th at 2.00 AM.

#

July 8th at 19 Noor

July 22nd at 1.00 A.M.

Aug. 4th at 18 Noos

AMERICAN PRESIDENT LINES

"ROUND - WORLD SERVICE"

12, PEDDER ST.

THE

TEL. 28171;

CHINA SIAM

HỒNG KONG BANGKOK

LS "HELIOS" 1. "AIRAM”

"HELLAS"

LINE

leaving Hong Kong 8th July via Swatow leaving Hong Kong 10th July via Swatow leaving Hong Kong 28th July" vin Bwiatow BONG KONG SWATOW-AMOY m.s. “HAI LEE leaving Hong Kong 4th July

1.4. “HAI BING" leaving Hong Kong 28th July Accepting Fassengers & Cargo for all the above metioned porta.

„HONG KONG-SINGAPORE-PENANG

BANGOON

Regular Express Service

ma. "HAI HING"

leaving Hong Kong

30th June

ma. “HAI LEEZ

leaving Hong Kong 5

10th July

HAI HING

leaving Hong Kong

1st Aug

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. 30257,

General Agents,

Quem's Building.

THE BEN LINE STEAMERS, LTD.

S.S." BENLAWERS"

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

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

York Building

Tel. 34185

CONSIGNEES'- NOTICES

BERVICES CONTRACTUELS DES

MELLAGERIES, MARITIMES

CONSIGNEE NOTICE.

8.S. CHENONCEAUX " 187A/39.

BRINGING CARGO FROM... MARSEILLES via SAIGON, etc. ARRIVED HONG KONG on SATURDAY, THE WTH JUNE, 1999

pragada

- HAMBURG-AMERIKA LINTE

NOTICE TO CONSIGNEER.

THE M.S

•

RHEINLAND

having arrived from Hamburg and Ports of call-Consignees of Eargo, ado hereby notified that their gooda being landed and placed as their into the Hong Kong & Kowloon &Godown Company's godow Kowloon,/i3where" delivery obtained Cakalowal, sitha, landed,

*. Optional cargo wii not, be here, unless notice (bas, ben hours prior, to vessels

ried on from port to final port of call to which

YONSIGNIKSB are hereby informed Jary

that their goods with the exception No claims will be admit

of Opiem. Trossate and Valuables are Goods have left the Godowns being landed & atared into the Godowns

goods remaining undeliv

of the Hong Kong Fowlod Wharf (501) Jun 1999, AP

& Godown Co. Ltd. Kowloon whene delivery may be obtained fimmediately All broken chale after landing

Goods are to

to our Clients special facilities for lot, Jamaica, Sir Arthur Richards, stored at the outbreak of the hos-) devaluation power; and would, og ì. Goods are to be left in the Godowney All claims must be sant in to me on where they wil

Domestic and Foreign Banking and Exchange

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

No claims will be admitted after the Goods have left the Godowns, and 1 goods remaining undelivered after the 1st July, 1989. will be subject to rent.

All broken, chafed, and damaged

where they will be examined on 30th, June, 1939, st. 10 am. by our Sur- veyore Mesars. Goddard and Dougla

To comply with the General Bonded Warehouse Regulations, consigues must have a Berentie Officer in London Price Fall attendance when damaged datab

dutiable LONDON, June 20 (EWS) - Al daims mast reach us before the

goods are examined There was a further decline in 1st. Ang 1889, or they will not be Rilver yesterday to the inwent Level

recognised. (GETA 1937 No Insurance will be effected We also handle the issue of Bonds Chinese tes destined for foreign report states, the Farmers Bank of touched since Decemb and other Public Funds of the markets is being produced under China and, the Bank of Communi- The decline was due to the ad-Bills of Lacing will be countersigned Chine Government both at Home more and more improved scientiae cations have jointly earmarked sjustment to the new buying price, br

BELE JEBBEN SICO, and Abroad, methods under Chinese Govern saim of $20,000,000 to be granted as announced Washington art

BHOU J, CHEN,ment auspices. In order to aid credit loans in the tea-producing night spot was 18-3/1

and for Hong Kms, 28th June, 1-930 If amager.tea producers and merchants, the areas

wärd "18.

Some said that the halt in the purchase of foreign allyer is the same as the elimination of the has amended the plans for relief tilities. The important markets in work. He announces that work will the rear provinces include Chung dollar because dollars

course, make för firmness in” thế start soon if sufficient unemployed king, Kunming and Changsha

thereby apply for it.

Cloth, rubber shoes, socks and Will be less readily available stockings, underwear, and other

abroad." daily necessities were the chief articles bought and sold by the Committee

CANTON SWATOW SHIUCHOW

KONGMOON TOISHAN KINGCHOW!

The new terms of employment will be la 6d per day, but labourers will only work air hours, instead of eight, and will be given a free lunch by the Government

or before the 6th July, 1989, they will not be recognizach

Damaged Facha will be com by the Company Surveyor, Goddard & Danglas in the preenc the Consignees, ná: 10,00

day, the 30th Jmay

Ofeer in attenda gooda äri exÁRIA, Burveyors, TEN

No Fire ins

Hong Kong 4th

July, 1800, Burveyors Me Douglas

To comply Warehouse

have