1939-07-08 — Page 14

HONGKONG DAILY PRESS

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital

INDIA, AUSTRALIA

AND CHINA

H. K. STOCK

EXCHANGE

As the week progressed, and as mentioned yesterday, enquiries for the more popular stocks are broadening. A local section of in- vestora is displaying an increasing

$80,000,000 Incorporated by Royal Charter, 1858 interest in HK. Bank, Lands and

Issued & Fully Paid-Up $20,000,000

Reserve Funds:

Sterling kina

#

£8,500,000 H.K. Currency Reservs $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.

Hon. Mr. J. K. Bonsfield,

A. H. Compton, Esq.,

Hon. Mr. S. H. Dodwell,

D. F. Landals, Esq.,

G. Miskin, Esq.,

K. S. Morrison, Esq.,

Hon. Mr. T. E. Pearce,

R. V. Wilkinson, Esq.

Sir Vandeleur M. Grayburn,

Paid-Up Capital Reserve Fundin Reserve Liability of Pro

prietors

Utilities. So far this buying has £3,000,000 not led to an advance in prices, ...£3,000,000 for the attraction possibly, has been the acquisition of" shares £3,000,000 | slightly under the nominal quota- tions recorded at the beginning of the week. But it must not be sup- posed that shares will continue to

HEAD OFFICE: LONDON: 38, Bishopsgate E.0.2. Bub-Agencies In Landon:

FINANCE ECONOMIC REPRISALS

U.S. RETALIATION AGAINST JAPAN

SHANGHAI, July 7 (Int'l)--- "The proposed American impoal-

tion

of economie reprisals agafast Japan'in retallation for damage to American busf. ness in China is being studied by the Treasury Department should it become necessary, 80- cording to a New York report. The investigation, it was dis- the absence of any further un-closed, was started after the Jap. blockade of the " foreign toward political news, should the anese

at Amoy. demand for the more popular areas in Tientsin and stocks be maintained, it may be Consequently, any such action as fairly assumed resistance point has may be taken in the future will de about now been reached, and some pend on further developments at Shanghal and alight Improvement in price levels Tientsin. Amoy,

Swatow. should ensue.

117/122, Leadenhall Street, E.C.abe available at present levels. In

West End Branch:

14/18, Cockapur Street, S.W.1.

· Manchester Branch: 52, Mosley Street, Manchester, 2.

PENANG

AGENCIES AND BRANCHES:

ALOR STAR HARBIN

HONG KONG BANGOON AMRITSAR BANGKOK ILOILO

SALOON BATAVIA [POX BOMBAY KARACHI

CANTON

LUMPUR

KUCHING MADRAS

BUSINESS DONE DURING

THE WEEK

T

The United States will consider the imposition of counter-vailing customs duties on Japanese km- porte in the event that American H.K. Bank, $1325, $1315, $1326. property and interests in China

$1330.

are violated during the present crisis, it was said.

Union Ins., $4321, $425."

SEREMBAN

*HANOBA!

CALCUTTA FLANG

AGENCIES: ON

Chief Manager,

CLIVE STREET

KUALA

PAILLIE PLACR

Branches:

CAWNPORE

SINGAPORE SITIAWAN SOCRABAYA TAIPING TIENTSIN

Wharves, $108.

Amoy

Ipoh

Penang

TONGKAR

CEBU

Bangkok

Johore

Rangoon

COLOMBO

MANILA

(Bhukot)

Providents, $4). $4.56.

Kobe

Saigon

DELHI

MEDAN

„TRINGTAO

HK. & S. Hotels, $51.

Bombay

Kowloon

San

HAIPHONG

NEW YORK

Calcutta

Kuala

Francisco

HAMBURG

Canton

Lumpur Shanghai

Chefoo

London

Colombo

Lyons

Singapore Sonrabaya

Batavia

Dairen Malacca Sungei

Foochow Manila

Haiphong Muar

Patani Swatow

Hamburg (Johere) Tientsip Bankow Mukden Tokyo

Harbin Now York Honghew Peiping" Iloilo

ا محمد

Tsingtao Yokohama

HANKOW

PEIPING

(Peking)

YOKOHAMA

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSIT 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 Accorts opened in LOCAL CURRENCY and FIXED DEPOSITS

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

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

R. A. CAMIDGE,

Manager.

Also up to date Bars DEPOSIT Boxes in various sizes To LET

Hong Kong, th June, 1938,

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.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN, -

Chief Manager. Hong Kong, 25th Feb., 1939.

-

BANK OF EAST ASIA, LIMITED

.$10,000,000.00

Authorised, Capital.. Paid-Up Capital .......................... 5,508,600,00 Reserve and Undivided

2,683,932.01

Profits

Head Office:-HONG KONG

No. 10 Des Voeux Road, Central.

Board of Directora:

Sir Shouson Chow, Chairman

Li Koon Chun,tEsq... Li Lan Sang, Eag

Wong Can Bon, Esq. Tun Tong, Esq. Kan Ying Po, Sag.

P. K. Kwok, E

Woo

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL

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 entirely owned by BANK, THE "CHASE NATIONAL New Year, with Resources over U.S.82,500,000,000.

D. M. BIGGAR,

Second Vice Pres

THE MERCANTILE BANK

OF INDIA, LIMITED "

Chan Ching Shor, Eng. Fang Ping Wab Esq. Subscribed Capital

Kan Tong Po, Esq., Chief Manager.

Li The Fong, Esq., Manager,

Amey

Branches and Agencies:—

Bataris Banday Calostia Haiphong

Bankow

"Honolulu

Kobe

Kowlson Pesane Bizzaporu Rangoon Sourabaya London

Bwtow Balgra Manila Melbourne Ban Fran Ayday

Lands, $35).

Tramways, $16.50, $161

318), $18.60, $184. Star Ferries, $65. China Lights (0), $8.20. Electrics, $54, 354}, Cements. $12.80, 312). Watsons, $8.50.

Gort. 34% Loan $99-7/8... CHANGES →→→ P.M. ·

"

The Treasury Department's in- vestigation is to determine whe ther any Japanese imports into subsidized the United States are $16.40, by the Japanese Government. If any such subsidies by the "invas- Higation, the Treasury Department proceed may be authorized to against Japanese imports in the same manner as it already has against those from Germany, zp-

(CLOSING QUOTATIONS)

BUYKES

H.K. Bank, $1330. 'Providents, $4.60. HK Lands, $35.

HK,, Lands Debentures, par. H.K. Tramways, $16). ・・ China Lights (O), $8.15. - Cements, $12.80.

Watsons, $8.20.

N

Wing On (H.K.). $41.

HE. Govt. 4% Loan 4% Prem. H.K. Govt. 3% Loan Par

SALES

Union Ins., $425. Humphreys, $81.

** SELLEKS

Union Ins.. $425.

H.K, Mectrics, $54. Providents. $4.85.

Humphreys, $8.10.

HK. Tramways, $16.85/.65. Watsons, $84,

PHILIPPINE GOLD MINING

QUOTATIONS

Friday, July 7, 1939.

Antamoks

Baguio Gold

Batong Buhay Demonstrations Itogons

Masbates Consol Mine Operationa North Camarines Paracale Gumaus

Centavos.

U.S. SILVER

POLICY

Purchase Agreement

Reinstated

WASHINGTON, July 7 (Renter) -Mr. Morgenthan, U.S." Secretary of the Treasury," said that the Treasury would resume foreign sil- ver purchases at noon to-day and added that the State Department. had advised Canada of the rein- statement of the monthly silver purchase agreement."`"

He said he was entirely satisfied with regard to the legality of the

of the extension

Government's monetary power.

see

With regard to future policies, Mr. Morgenthau remarked that the Treasury will keep its price on a day-to-day basis, "until we what happens." He gave no f dication in regard to what price will be posted at noon to-day

The new domestic silver price of effective as soon as the Monetary effective as soon as the Monetary Bill is signed by the President.

Mr. Morgenthau further said that the Treasury was not now considering any restrictions which. would curtall the purchases of sor- eign silver.

Foreign Silver WASHINGTON, July 7 (Reuter) -The U.S. Treasury has fixed its buying price for foreign sliver at 363 cents per ounce.

port "from the Japanese

!!

Govern-

plying penalty duties to offset posment, and are, in fact, quasi- dble price advantage over Ameri-governmental producers. can goods.

•

Logical Step Treasury officials believed would be the first logical step to inflict economic reprisals on Japan

However, these subsidies are be Hieved cloaked by the Government that the United States has to prove that Japanese import has beneft- ted by subsidization. The present

particular attention te imports of Japanese cotton textiles.

in accordance with the "measures investigation is said to be giving short of war" principle. It was thought that the State Depart~ ment would sanction such repri- sals, if they were considered ne- cessary, and the Treasury Depart- ment found legal grounds for CONSIGNEES' NOTICES

them

Government Unofficially, the

at least. here is convinced that some major industrial agencies. In Japan operate under direct, sup

LONDON METALS

EXCHANGE London July 6 (Reuter).

COPPER

buyers £

sellers £

Standard. Cash 43 Standard.

43-1/8

3 months 43-5/18 Electrolytic 49-1/8

43-7/16 49-1/4

TIN Standard, Cash 229-3/4 230 - 18). Standard.

F

224-3/4

14-3/4

14-15/16

201

3 months 224-1/2

01.2

LEAD

8}

Foreign,

22}

Official Price 14-11/18

10

Head Office:-15, Gracechurch Street, London, EC.3

£3,000,000 Authorised. Capital

21,800,000

Foreign, Official -

12)

3 months 14-7/8

......... 24

SPELTER

21,000,000

15)

7:

€1,247,830

San Mauricio

90

Ordinary,

Suyoc Consol

12)

Official Price 14-1/8

14-1/4

United Paracales

394

Ordinary, Oficial

Ipo Gold

17

Surigao Consol,

201

Kasia Trengganu

Matras

Quiet Comment Quiet,

Pilding Capital Reserve Fund and. Ress,

BANKERS:

The Bank of England and Midland

Bank, Ltd.. BRANCHES:

Kuantan

Nagsals

New York

Beta"

Vancouver Beattie

Bangkok Bombay Calcutta

Brali Jatina

Pariz.

Semarang

Colombo Delhi ||ON}

Ronginug

Peiping Shanghal

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 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 840,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and copnections 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 Ching Offices:

CANTON. SWATOW SHTUCHOW

KONGMOON TOISHAN KINGCHOW

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

HHOU J. CHEN,

Howrah

Kandy Karachi

Kota Bharu

Xu Lipie

Now York

Respoon

Ska

Banla

Kuala Lumpur Singapory HONG KONG BRANCH: Every description of Banking and Exchange

brine transacti

Travellers Cheques famed,'

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN

CURRENT ACCOUNTS opened In Local Our. Ray AND FIXED DEPOSITS cited in Local Currency, STERLING & U. 8, DOLLARS on terme that may be scertained on application,

D. BENSON,

HONGKONG

SHAREBROKERS'

3 months 14-3/8 14-7/26 Final Afternoon Transactions Tin, Standard, Cash, £230 paid and sellers,

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

ASSOCIATION CONSIGNEES' NOTICES

Volume of Business Transacted

on Friday, July 7, 1939: Electrics

300 $54.50 Watsons

800 8.25

WEEKLY RETURNS AND

BANK OF ENGLAND

Public Deposita Other Deposits:-

Bankers

Other Accounts Total

REPORTS

June 29

London July 8 (Reuter);

June 22

E

#

15,390

19,800

101,440

98,480

36,960

37,560

138,400

124,040

Government Securities

113,880

118,710

Discounts and Advances

8,840

4,790

Becurities

22,880

22,480

Notes and Coins,

29,720 28,160 227,130

$1,250

21.360

Notes in circulation

Ratio of Reserve to Liabilities

498,980 18,31% 148/6

227,090 805,720 13.93% 148/6

Other Securities:-

Total

Total Bullion

Price of Gold at, Which Holdings are valued,

FEDERAL RESERVE SYSTEM

New York, July, 6 (Reuter).

·June-20

(000's omitted) *

1.009

1,000 1,551,000

3.2.661,000, 85.71%

€65,80% 2,507,000 2,389,000 10.098.001

16,136,00

Billa Bought

U.B. Securities held

Federal Reserve Ratio

Federal Reserve Credit Outstanding

Monetary Cold Stock

Hansver

Industrial Advariće

12 440,000

SERVICES CONTRACTUELS DES

MESSAGERIES MARITIMES

CONSIGNEE NOTICE.

S.S. FELIX HOUSSEL

17"A/38.

BRINGING CARGO Pro MARSEILLES via SAIGON, eta

AREIVED HONG KONG OF WEDNESDAY, THE 5TH JULY, 1939

ONSIGNEES are bereby 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

NORDDEUTSCHER LLOYD BREMEN,

THE Motor ship

"MARBURG " having arrived from BREMEN, HAM. BURG and Ports, Consignees of cargo are hereby notified that their cargo-is being landed at their risk into the Go downs of the Hong Kong and Kowloon Wharf and Godown Co., Ltd;"' Kowicon where Delivery can be obtained.

All Goods remaining undelivered after the 13th July, 1939. will be subject

Beat

No Fire Insurance will be effected by us in any case whatever.

Damaged Packages must be left in the Godown for examination by the Con signees and the Company's Surveyors, Year. Anderson & Ashe, at 10 am, on the 12th July, 1939.

Consignees must have a Revenue Ufficer in attendance when damaged dutisble goods are examined by the Company's surveyors.

No Claim will be admitted after the. Goods have left the Godown "and all claims must be presented within Twa Weeks of the Bhip's arrival here, after which dats they will not be recognised.

Consignes are requested to surrender ther Bill of Lading to the Undersigned for Countersignatare.

MELCHERS & CO., 1.

Agents: NORDDEUTSCHER LLOT, BREE Hong Kong, 6th July, 1989,

[328

NOTICE TO CONSIGNEES.

OCEAN STEAM SHIP CO., LTD. AND CHINA MUTUAL STRAM NAVIGATION CO., LTD.

YONSIGNEES.per Co.'s Vol

CONSIGNIXION"

FROM SEATTLE, VANCOUVER AND VICTORIA VIA JAPAN

are requested to take delivery of Flour and Lumber Shipments as soon as the vessel is ready to discharge and re hereby notified that if their Lighters are not placed alongside the steamer se required, their Shipments will be discharged into Holt's Wharf Kowloon, at their expense, where the orgo will be also at their risk and erpense and subject to the Terms and Conditions of Storage at Holt' Wharf Bteamer will commence discharge on the 5th July: A

General Cargo will be discharged into Bowl's Wharf, Kowloon, where it will lis at Consignees risk and rabject to the Terms and Conditions of Storage at Holt's Wharf. The Cargo will be ready

& Godown Co., Ltd, Kowloon, whencefor Delivery from the Godown on and

delivery may be obtained immediately after landing.

after 5th July, kde

All broken, chafed, and damaged Goods

All claims must be sent is to me on as to be left in the Godowns, where they or before the 15th July, 1939, be will be examined on any Tuesdays and they will not be recognized."

Damaged Packages will be examined

Fridays between the hours of 10.15 A

No Claims will be admitted after the by the Company's Surveyor, Menard Noom within the Free Storage period. Goddard & Douglas in the presence of

Goods have left the steamer Godown, & the Consignees at 10.00 . on Tues-

all General Cargo remaining undelivered day, the 11th July, 1939.

after the 12th July, will be subject to Consignees must have a Revenue

rent Offour in attendance when any dutiable goods are exams by

| the Company's

Surveyore

No Fire insurance will be effected by us in any case whatever,

ROEL

All Olsime against the Vessel must before the 28th July, 1989, or they will be presented to the Undregned en ar

not be recognised

No Fire Insurance will be affected.

BUTTERFIELD & SWIBE

Hong Kong, 5th July, 1999.

5th July, 1989)

1538

SATURDAY, JULY 8, 939-PAGE 13

PRESIDENT LINER

Sailings

FOR SAN FRANCISCO LOS ANGELES vis SHANGHAI, KOBE, YOKOHAMA and HONOLULU 8.8. “PRESIDENT MERCE" 8.S. * PRESIDENT COOLIDGE" SS." PRESIDENT TAFT"

8.S." PRESIDENT CLEVELAND" 88. PRESIDENT FIERCE ** SÅ " PRESIDENT (OOLIDGE

AND FORTNIGHTLY TERREST

July 16th at 11:01 AM. July 29th at 10:00 AM. Ang 12th

"Aug. 16th at 8.00 AM Sept. 9th at 400 P.M Sept. 23rd at 9.00 AM,

FOR NEW YORK & BOSTON ViA SULE

88. PRESIDENT MONROE” Sails July 10th at Noo $8. PRESIDENT ADAMS"

Aug. 4th at 12, Noor

AND. FORTNIGHTLY THEREAFTER

FOR

MANILA

8.8. “PRESIDENT COOLIDGE" 8.S.PRESIDENT ADAMSTM 8.S. "PRESIDENT TAFT* SUS. PRESIDENT CLEVELAND "

Sails Jaly stod at 1,00 AM.

Aug. 4th at 12 Noos Aug. 5th at 2:00 AM Aug. 19th at 9:00 AM.

AMERICAN PRESIDENT LINES

"ROUND - WORLD SERVICE"

12, PEDDER ST

Triestina

Lloyd

TEL. 28171.

FORTNIGHTLY

EXPRESS SERVICE

FAR EAST-INDIA-ITALY

Hongkong-Loudon 23 days Hongkong--Italy 21 days.

SCHEDULE OF SAILING FROM HONGKONG

TO MANILA, SINGAPORE, COLOMBO, BOMBAY, EGYPT

& ITALY 8. “CONTE ROSSO" 14th July m.v. "VICTORIA” 19th Aug. "GIULIO CESARE" 1st Sept.

1. "C. BIANCAMANO" 16th Sept .. CONTE VERDE" 28th Sept.

TO SHANGHAI

Bib Aug. m.v. "VICTORIA"

"GIULIO CESARE" 16th Aug. 8. C. BIANCAMANO" 10th Sept. sa "CONTE VERDE" 22nd Sept. m.. "VICTORIA”

LLOYD TRIESTINO

PO Box 145. Tel. Address "Lloydiano"-Telephones

7th Oct.

31962 Passenger 32953 Freight

HAMBURG-AMERIKA LINIE

Far Eastern Mail, Passenger & Freight Service

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

OUTWARD SAILINGS

"SAARLAND".

m.v. "RAMSES*

12th Aug.

*m.v. “BURGENLAND”..... for Shanghai, Dairen, Y'hama.

Kobe

......39th July for, Shanghai, Daires, Ybama, Kobere ******** 30th July ......for Shanghai, Dairen, Y'hama,

Kobe... peran mesen contation HOMEWARD SAILINGS *m.v. "LEVERKUSEN" for Genoa, R'dam, Hamburg... 18th July 'my "RHEINLAND" ...for Mars., K'dam, Hamburg. 8th Aug 21st Ang m.v. BURGENLAND" for Geson, E'dam, Hamburg...

*Freighter with Fassenger Accommodation,

For further particulars and passage fares, eţe, apply to:-

HAMBURG-AMERIKA LINIE

JEBSEN & CO., AGRIS,

13, Pedder Street. Tel. 81205-6,

CANTON AGENTS: CARLOWITZ & CO., Shakse. Road,

MAERSK

MACRSH

BAS

LINE

LINE

Fortnightly Express Sailings

KEELUNG, SHANGHAI and JAPÁN

NEW YORK BOSTON, PHILADELPHIA, BALTIMORE

NORFOLK & SAVANNAH

LOS ANGELES, PANAMA,

Through Be/L are issued to Central and South America, Gulf and Caribbean Bea Ports and West African Porta Arrivals from USA.

11 July

***M.V. "GERTRUDS MAERSKÉ XY GRETE MAERSK

MV HULDA MAERSE" MY

MARCBEN MAERSK "

Ballings. in I.EA

Misth July

37th July

1th Aug

27th Aug

(All dates are subject to alteration without notice.) EXCELLENT ACCOMMODATION FOR PASSENGERS

AT MODERATE BATES.

For Freight and. Fassage pieson apply --

JEBSEN & 00.

Canton Bhameen, E.C

Agente

Tel 10916. Swatow Agente GEBE BORSE

81205