1939-07-01 — Page 13

HONGKONG DAILY

PRESS

BANKS

RURAL CREDIT

CO-OPERATIVES

FINANCE

WEEKLY RETURNS AND REPORTS

BANK OF ENGLAND

HONGKONG & SHANGHAI THE CHARTERED BANK OF Farmers Bank Loans Public Deposits

BANKING CORPORATION

Authorised Capital..

850,000,000

INDIA, AUSTRALIA

AND CHINA

Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1853

Reserve Funds:

Sterling

Head Office:-HONG KONG

.....£3,000,000.

Paid-Up Capital ........... £3,000,000 £8,500,000 Reserve Fund H.K. Currency Reserve 810,000,000 Reserva Liability of Pro-

£3,000,000 prietors Reserve Liability of

$80,000,000 Proprietors

HEAD OFFICE: LONDON: 38, Bishopsgate E.0.2. Sub-Agencies In London: 117/129, Leadenhall Street, E.C.a West End Branch: 14/16, Cockspur Street, S.W.1. Manchester Branch: 52, Mosley Street, Manchester, 2..

Board of Directora:

A. L. Shields, Esq.,

W. H. Lock, Esq..

Hon. Mr. J. K. Bousfield,

Chairman.

Deputy Chairman,

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,

R. V. Wilkinson, Esq.

Sir Vandeleur M. Grayburn,

ALOR STAN * HARBIN AMRITEAR

||

AGENCIES AND BRANCHES:

PENANG HONG KONG RANGOON ILOILO

BAIGON IPOR KARACHI

CLAY STEET KUALA

BANGIOX

BATAVIA

BOMBAY

CALOUTTA

KLANG

AGENCIES: FORM

Chief "Manager.

SEREMBAN SHANGHAI SINGAPORE SITIAWAN MOURABAYA

FAIRLIE PLACE

CANTON

LUMPUS

TAIPING

Branches:

CAWNPORT

IDCHING

TIENTSLE

Amay

Ipoh

Penang

CAU

MADRAS

TONGKAH

Bangkok

Johore

Rangoon

COLOMBO

MANILA

(Bhuket)

Batavia

Kobe

Bombay

Calcutta

Kowloon Kuala

Saigon San

DERNI

Francisco

HAIPHONG HAMBURG

MEDAN NXW YORK "PRIPING

TSINGTAQ YOKOHAMA

Canton

Chsfoo

Colombo

London Lyons

Dairen

Malacca

Foochow Manila

HANKOW Lumpur Shanghai

Singapore Sourabaya Sungei

Patani Swatow Haiphong Muar Hamburg (Johore) Tientsin Mukden Hankow

Tokyo Harbin New York Tsingtao Hongkew Peiping Yokohama Iloilo

(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 on application.

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

CURRENT ACCOUNTS 'opened in LOCAL CURRENCY and FIŻID 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

terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.

Also up to date SAFE DEPOSIT terms which may be ascertained at

any of the Agencies and Branches.

R. A. CAMIDGE,

од

Boxes in various sizes To LIFE

Hong Kong, 5th June, 1939,

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.

Manager,

THE CHASE BANK

18, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18 PINE STREET,

NEW YORK.

For the HONGKONG & SHANGHAI BANKING CORPORATION,

V. M. GRAYBURN,

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

Hong Kong, 25th Feb., 1839.

BANK OF EAST ASIA, LIMITED

Interest Rates on Application.

SAFE DEPOSIT BOXES

Authorised Capital....310,000,000.00 This Bank is entirely owned by Paid-Up Capital

THE CHASE NATIONAL BANI, Reserve and Undivided

NEW YORK, with Resources over Profits

U.S.$2,500,000,000.

5,398,600.00

2,883,932.01

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

Board of Directors:

Bir Bhouson Chow, Chairmio Li Koon Chun)Esq. LI Lau Bang, Esq. P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Yar Tong, Esq. "Han Ying Po, Eng. Chan Ching Shok, Esq. Fang Ping Wah Esq. Kan Tong Po, Esq., Chief Maonger. Li Tsa Fong, Esq., Mansgar.

Branches and Agencies:~~

Kowloom Prise Singapore Razzcon Betra.bays Condon Manila Balros

8waterw Melbourne Bad Bran Bydney

aleco Tiantain Nagus..

Tancouver New York Beattie Partu Semarang Pelping Shanghai

Exteri Bombay Calopt Ca

Haiphong Factow Honobala Kobe

D. M. BIGGAR,

Second Vice Pras.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Ofces-15, Gracechurch Street, London, ECA

Authorised Capten) Spbarhed Capital Paid-up Capital Reserve and and Best,"

BANKERS:

£3,801,000.

£1,050,000 £1,247,830

The Bank of England and Midland

Bank, Ltd. BRANCHES:

Bombay

Bangkok Jpak

Jatiza Kuantan

Every description of Banking and Dalencia Exchange business transacted. Loans Colebe granted on approved securities

Chille 气

Bowrah

Kandy

Karachi

Kota Bharu

Kuala Lipis,

Kunia Trengga Hadena New York

Pesang

Hangoda Shanghai Simla

Ini Lumpur Singapore HONG KONG BRANCH: Every description of Banking and Exchange basinsed tranected.

Travellers Chequeas iarded,

Current Accounts opened in Local Hongkong 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.

SAFE 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

PAID UP CAPITAL $40,000,000.00 (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:-SHANGHAI Hong Kong Branch:

4, "QUEEN'S ROAD, C. South China Offices:

KONGMOON TOISHAN KINGCHOW

CANTON

SWATOW

SHTUCHOW

We also handle the issue of Bonds

and other Public Funds of the Chinese Geyernment both at Home

BHOU. J. CHIEN,

Tanager,

TRUSTEE AND EXECUTORSHIP *** UNDERTAKEN CURRENT ACCOUNTS. opened in Local Cur rmey wxd-FIXED DEPOSITS received is Local Qurray, STERLING. & V. §. POLLARS on that may be sacertained an applestos.

D. BENSON,

Seventy Millions

CHUNGKING, June 30. (Central)

distributed

by the Farmers' Bank of China a rural districts over 14 provinces up to the end of 1938 amounted to $77- 668,082, of which $47,922,100 were still outstanding. It WEL nounced to-day.

The 14 provinces in which the loans were distributed were: Hupeh, Anhyei, Hunan, Klangst. Faklen, Kwangtung, Honan, Szechwan. Shansi. Kansu' Kwel- chow, Kiangsu. Cheklang and

Shansi

Other Deposita:--

Bankers

Other Accounta

Total

Notes and Coins

Total Bullion

+

6,490

SATURDAY, JULY

PRESIDEN - LINER

Sailings

FOR SAN FRANCISCO & LOB ANOBLES

vis SHANGHAI, KORE, Yokohama and Honolulu

9.8.4 PRESIDENT PIERCE!

14.

S.S. PRESIDENT COOLIDGE

AS "PRESIDENT TAFT"

SS. “ PRESIDENT CLEVELAND”

鱿

July 14th at 13.01 A.M.

July 29th at 10,00

Aug. 12th

Sept 9th at

London, June 29 (Router)

June 15

June 13

£

25,340

15,390

97,200

101,440.

36,130

96,960

133,370

138,400

Government Securities

112,630

113.880

Securities:

OthDiscounts and Advances

6,840

Securities

25,200

22,630

Total

31,690

29.720

31,200

28.180

226,870

227,130

Notes in circulation

494.370

498,980

SS. PRESIDENT PIERCE →

Ratio of Reserve to Liabilities

20.30%

18.31%

Price of Gold at Which Holdings are valued

148/5

143/8

8.8. PRESIDENT COOLIDGE ”

New York, Jute 29 (Hauter)..

June 22

" (000's omitted)

June 29

via SUEZ

1:000

2,584,000

1,000 2,851,000

S.S. PRESIDENT GARFIELD" 9.8, "PRESIDENT MONROE”

85.59%

88.71%

2,567,000

FEDERAL RESERVE SYSTEM

Bills Bought

the

U.S. Securities held

years, For six successive Bank has been pioneering in the

credit co-opera- field of tives in the rural districte In Hupeh, Honan, Anhwel, Shens, Kwelchow Kansu, Szechwan and

It initiated the co-operative move- ment by organising the first pre-

paratory, co-operative societies

Co-operative Banks The Bank intensifed its on the development of co-opera- tive banks throughout last year. More loans were given to enable

expand them to

the scope of

Federal Reserve Ratio

Federal Reserve Credit Outstanding, Monetary Gold Stock Industrial Advance

LONDON METALS

work

EXCHANGE London, June 29 (Reuter):

COPPER

buyers sallers

£

their work. Preparations were Standard, Cash 42-3/16 42-1/4 also to extend loans to various Standard, rural districts in Sinklang, Ningh- sin, Chinghal, Yunnan, Bikang and Kwangst.

At

2,584.000 18.000.000

16,003,000

12.377,000 • 12,440,000

BROKERS' LOANS

New York, June 29 (Reuter). Loan on securities to brokers in New York:-

Week-ended June 22 $517,000,000

Week-ended

June 29 $196,000,000

SPELTER

Official Price.13-7/8

42-5/8

48-1/4

Ordinary.

230

3 months 334-1/4 224-3/8

LEAD

3 months 42-1/2 47-1/2 Electrolytic

TIN The Bank has given loans to Standard. Cash 229-3/4

well as Standard. Government-owned private farms in Klangsi, Hupeh and Shensi provinces. A $1,000,-

contract

signed WLS 000 loan

Yunnan Pro- recently with the vincial Government for this pur- pose,

As a result of the activities of the Bank, a total of 28,781 socle- ties has been established in 14

Foreign,

Official Price 14-7/18 Foreign Oficial

3 months 14-1/2

Ordinary, Omcial

13-15/16

14-3/16

3 months 14-1/8 Final Afternoon Transactions Tin, Standard, Cain, £230 sel-

14-9/16ler.

Tin, Standard. 3 months, £214– 14-9/18 3/4 paid and buyers.

provinces. Of the total amount CONSIGNEES' NOTICES CONSIGNEES NOTICES

of $56,252,338.37 distributed among these societies, $27,481,133.48 has already been refunded.

CHINA LOANS DEFAULT

Sheer Inability To Pay

LONDON, June 30 (Reuter)- The -announcement of default in the Reorganization Loan and the 6 per cent 1934 loan, did not come altogether the 23 B surprise, Say# "Financial Times".

It is recognized that the revenue on which service on these issues were secured have fallen into Japanese hands.

Anticipation of the suspension of the payments was reflected in drop in the quotation of the 1934 Loan by over 18 points in the past month.

.:

Heavy Losses The Chinese Government, whose treatment of its creditors has been exemplary in the past, has been forced to default by sheer inability to pay and it is dimenit to foresee that any arrangements are likely to provide for continued payments in view of the loss of the greater part of the customs and salt- revenue to the Japanese and the recent exchange crisis,

BANK OF FRANCE GOLD

MAKESK LINE

NOTICE TO CONSIGNEES

M.S.

THEGRETE MAERSK *

having arrived, from Now York 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 and Kowloon Whai and Godown Company's godowns at delivery may be Kowloon, where

RICKMERS LINIE

NOTICE TO CONSIGNEES

HE SS.

THE

BERTRAM RICKMERS* having arrived from Hamburg and Porta of call, Consignees of Cargo are hereby notified that their goods are being landed and placed at their risk into the Fong Kong Kowloon Wharf & Godown Company's godowns at Kowloon, where delivery may be obtained as soon as the goods are landed.

obtained as soon as the Goods are landel. Optional cargo will not be landed Optional Cargo will not be anded bere, unless notice has been given 48 bere, unless Notice has been given 48 hours prior to vessel's arrival, but hours prior to vessel's arrival, bat carried carried on from port to port to the on from port to port to the final port of final port of call to which the option call to which the option extenda.

extends.

No Claims will be admitted after the Goods have left the Godowns, and al Goods remaining andelivered after the 7th July, 1939, will be subject to Rent,

No claims will be admitted after the Goods have left the Godowns, and al goods remaining undelivered after the 1st July, 1939. will be subject to

rent.

All broken, chafed, and damaged All broken, chated, and damaged Goods are to be left in the Godowns, Goods are to be left in the Godowns, where they will be examined on 6th where they will be examined co 30th July, 1988, at 10 am by car June, 1939, at 10 am. by our Sur Surveyor Messra, Goddard & Douglas, veyors Mess. Goddard and Douglas.

To cotoply with the General Bonded

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

goods are examined examined.

All clans must, reach a before

All claims must reach us before the i

the 7th Aug, 1939, or they will not 1st Aug. 1939, or they will not be

be recognized.

recognized. No lumrance will be effectel Bills of Lading will be countersigned by

JEBSEN & CO.

Agenta. Hong Kong, 30th June, 1939...

MESSAGE RIFK MARITIMES

CONSIGNEE NOTICE.

[524

No Insurance will be affcotea. Bills of Lading will be countersigned by...

JEBSEN & CO. Agenta. Eong Kong, 28th June, 1939.

[512

PARIS, June 29 ((Reuter)-TheVICES CONTRACTUELS DES returns of the Bank of France for the week ended June 14, show gold totalling 92,268,000,000 reserves Francs, of gold Content of 27,6 mil- ligrammes, indicating no change as compared with the preceding week.

The total note etreination is given as 119,887,000 Francs, show- ing a decrease of 328,000,000 Francs, as compared with the week ended June 14.

U.S. MONETARY BILL PROVISIONS NEW YORK, June 30 (Reuter) The administration is reported to DONT FORGET have Informed the leaders of Glow gress that it is prepared to allow the provisions of the Monetary Bill to lapse rather than seek an Immediate extension.

THAT WHEN You are at Home you can get the HONG KONG DAILY PRESS

at SELFRIDGES.

The report adds that the administration would then ended vour to have the provisions relat ing to the Stablization Fund re- enacted, but would forego the power which the President now enjoys to devalue the dollar by a further nime' cents.50

me MINISTRY OF SUPPLY BILL

LONDON June 30 (Reuter) The House of Lord yesterday Pass the Second Reading of the Ministry of Supply Bul

BS: CHENONCEAUX " „16'A/39.

BRINGING. CARGO, FROM MARSEILLES via SAIGON, eto ARRIVED HONG KONG OF. SATURDAY, THE 24TH JUNE, 1929.

HAMBURG-AMERIKA LINIE

NOTICE TO CONSIGNEES.

THE MS.

THE RHEINLAND *

baving arrived from Hamburg and Ports of call, Consignees of Cargo arS hereby notified that their goods are being landed and placed at their risk into the Hong Kong & Kowlong Whart &Godown Companys godowns at Kowloon, where delivery may be obtained an mon as the goods are landed

Optional cargo will not be landed

CONSIGNEES are hereby informed here, unless notice has been given t

that their goods with the prception hours prior to vessel's arrival, but of Opium, Treasure and Valuables are carried on from port to port to the being lazded & stored into the Godowas final port of call to which the option of the Hong Koos, Box-lope Waked extends to & Godown Co., Ltd., Kowkgon, whence No claims will be admitted after the delivery may be obtained immediataly Goods have left the Godowns, and all

after landing.

We goods remaining undelivered after the All claims must be sent in to me on 5th July, 1330, ill be subject to or before the 5th July, 1939, or rent they will not be recognized

All broken cbated, and damaged Damaged Packages will be examined Goods are to be left in the Godowns, by the Company's Burveyor, Mosant where they will be examined on

by our Mers, Goddard and Goddard & Douglas in the presence of Jaly, 1939, at 10 am the Consigned it 10.00am on Fri-Surveyors.

Douglas, day, the 30th June, 1939

Consignees must have a Reverse To comply with the General Bonded Oficer in attendance when any dutiable Warehouse Regulations consignees goods are examined by the Company's must have A Revenue Officer io Surveyors

attendance when damaged datable No Fire insurance will be effected by goods are examined the fo any case whatevén

Hong Kong, 24th

All claims must reach us before the 5th Aug 1989, or they will hot be recognized

at Me No Insurance will be effected Bills of Lading will be countersigned

JEBSEN & CO.

Hong Kong, 19th June, Tiaj,

Aug 26th

Sept. 23rd at 9.00 M

AND FORTNIGIETLY, THEREAFTER

FOR NEW YORK & BOSTON

Baile July 8th at 1R Noo

July 30th at 19*

AND FORTNIGHTLY THERRAJES DE

FOR MANILA

ÉS. "PRESIDENT PIERCE" SS PRESIDENT GARFIELD - 8.S." PRESIDENT COOLIDGE"" 8.3. "PRESIDENT ADAMS"

Sails July 7th 43.00 411

July 8th 19. Noos

July 2nd at 1.00 1

Ang. th as 19 Noor

AMERICAN PRESIDENT LINES

'ROUND - WORLD SERVICE"

12, PEDDER ST.

Priestin

Lloyd

TEL 28171.

FORTNIGHTLY.

EXPRESS SERVICE

FAR EAST-INDIA-ITALY.

Hongkong-Loudon 23 days. Hongkong-Italy 51 days

SCHEDULE OF SAILING FROM HONGKONG

TO MANILA, SINGAPORE, COLOMBO, BOMBAY, EGYPT & ITALY

TO SHANGHAI

7th July "CONTE KOSBO” m.v. "VICTORIA” ··

5th Aug. 8.5. "CONTE VERDE”. 25th Arg. "C. BIANCAMANO" 10th Bept. sa "CONTE ROSSO" 2nd Sept.

5. "C. BIANCAMAÑO" 1st July. BE CONTE ROSSO" 14th July 19th Aug, m.v. "VICTORIA" 8.8. "CONTE VERDE 1st Sept. &C. BIANCAMANO" 16th Sept.

LLOYD

TRIESTINO

P.O. Box 143. Tel. Address "Lloydiano"-Telephones 329es Passenger

32983 Freight

HAMBURG-AMERIKA LINIE

Far Eastern Mail, Passenger & Freight Service

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

ポ

OUTWARD SAILINGS

* .. "BURGENLAND... for Shanghai, Dairen. Yhama

Kobe

LINE JO

1. "SAARLAND...

for Shanghai, Dairen, Kobe.......

July

m.r. "RAMSES"

for Bhanghai, Dairen, Kobe

19th Ang

18th Ja

5th Angs

HOMEWARD SAILINGS

my, "LEVERKUSEN" for Genon, B'dam, Hamburg my "RHEINLAND” ...for Man, R'dam, Hamburg m.v. “BURGENLAND" for Genos, R'dam, Hamburg ... 91st Ant

Freighter with Passenger Accommodation.

For further particulars and, passge fares, etc, apply to

HAMBURG-AMERIKA LINIE

JEBSEN & CO, Asxáts

12, Padder Street, Tel. 81235-6, PANTON AGENTS: CARLOWITZ & CO., Bhak

THE BEN LINE STEAMERS, LTD.

S.S. "BENLAWERS

ROTTERDAM,

Sailing for LONDON, ANTWERP, HAMBURG and LEITH on or about the 6th July, 1989.

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

For Freight and l'airage upp

"Agents:

W. R. LOXLEY & CO.,