1939-07-13 — Page 13

HONGKONG DAILY PRESS

BANKS

H. K. STOCK EXCHANGE

Interest in Utilities continues to

HONGKONG & "SHANGHAI THE CHARTERED BANK OF be maintained but the prices offer

BANKING CORPORATION

Authorised Capital..... $50,000,000 Issued & Fully Paid-Up 880,000,000 Reserve Funds:

Sterling

INDIA, AUSTRALIA AND CHINA Incorporated by Royal Charter, 1858 Paid-Up Capital £6,500,000 Reserve Fund 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.,

Chairman.

Deputy Chairman,

W. H. Lock, Esq..

Hon Mr. J. E. Bousfield,

£3,000,000 .......£3,000,000

Reserve Liability of Pro-

£3,000,000 prietors.....

HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.0.3. West End Branch: 14/16, Cookspur Street, B.W.1. Manchester Branch:

52, Mosley Street, Manchester, 2.

A. H. Compton, Esq.,

Hon. Mr. S. H. Dodwell,

D. F. Landale, Esq.,

G. Miskin, Esq.,'

"K. 8. Morrison, E.,

Hon. Mr. T. E Pearce,

H. V. Wilkinson, Esq.

Sir Vandeleur M. Grayburn,

Chief Manager.

ANGIO

CUTE STARKT

Bangkok Johore

Calcutta Kuzla

DALA

PEIFING

(Peking)

TONGKAR

FOREIGN EXCHANGE and General Banking Business transacted.

Francisco HANKOW Canton Lumpur Shanghai Chefoo London Singapore Colombo Lyons Sourabaya Dairen Malacca Focchow Manila Haiphong Muar

Famburg (Johore)

Rankow

Mukden'

Sungei

Patani Swatow .: Tientsin Tokyo

Harbin New York Tsingtao Hongkew Peiping Yokohama Iloilo

GURRENT 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 ACCOUNT opened in LOCAL CURRENoy and Fixed Deposits The Bank's Head Office in London received for one year or shorter undertakes Executor and Trustee periods in Local and other Cur business, and claims recovery rencies on terms which will be British Income Tax overpaid, on quoted on application.

terms which may be ascertained at

ed are not too attractive. Thus the turnover during the morning's 265- sion was comparatively small.

BUYERS

*HR, Bank, #1395. Unions Ins; $415. Providerita, $4.40. HK Tramways, $161. Yaumatı Ferries, $224. China Lighta (Old), 48.15. Cements, $12). Watsons, $8.30.

Wing On (HK), $41. H.K. Govt, 4% Loan 4% pm. #K. Govt 31% Loan, bar,

SELLEKS

Canton Ins: $230, HK Wharves, $108, HK, Dock, $173. Humphreys, $81, Telephone, (Old), $23.

SALES

HK. Bank, $1350. Watsons, $8.35/40.

PHILIPPINE MINING

QUOTATIONS

FINANCE

STABILITY $1,000,000 OF CHINESE FOR CHINA'S CURRENCY WAR CHEST. CURRENCY":

NO BRITISH ACTION

CONTEMPLATED"

LONDON, July 12 (Router) Asked in the House of com- mons yesterday, whethers, in determined at- view of the tack "on

Chinese dollar the by the Japanese authorities, any action was contemplated by the British Government towards maintaining the stabi- lity of Chinese currency, Sir John Simon, Chancellor the

that Exchequer, said

no further action of any kind WAS being discussed at present.

of

Mr. F.J. Bellenger (Lab) asked if Sir John Simon was confident that the Stabilization Fund or what was left of It was sumice mathtain the stability of Chinese currency, s

to

Assurance Wanted Sir John Simon replied that he thought it better not to discuss such questions by question and answer and said that Mr. Bellen- the ger, must be fully aware of efforts the British Government 10.30 had made in connexion with the

Chinese dollar.

0110

ALOE STAR AMBITBAR

BATAVIA BOMBAY

AGENCIES AND BRANCHES:

BARDIN PERTANG HONG KONG RANGOON ILOILO

SAIGON IPOH

SEREMBAN

CALCUTTA

ΚΑΛΟΕΙ

KLANG

AGENCIES: KOM

SHANGHAI SINGAPORE SITIAWAN SOURABAYA

FAIRLIE PLACE

CANTON

LUMPUR

KUCHING

TAIPING TIETHIN

Amoy

Branches: Ipoh

| GWNPORE,

CU

MADRAS

Atoks

18

Penang

COLOMBO

MANILA

Rangoon

DELHI

MEDAN

Batavia

Kobe

Bombay..

Kowloon

Saigon Sat

HAITHUNG HAMBURG

NEW YORK

(Bhuket) TSINGTAD YOKOHAMA

Antamok.........

Bagulo Gold ..............

178 20

Batong Buhay

Bangute Consolidated Big Wedge Coco Grove

18

24

Consolidated Mines

Demonstration ....

0020 vot

IX.L

Itogon Mining

223

Masbate Consolidated

10

Mine Operation

13

North Camarines.

23

Paracale Gummaus ..............

San Mauricio

89

Surigao Consolidated

20

Suyce Consolidated

12

of

Findicate Investment

0340

United Paracale”....................

391

Mindanao Motherlode

081

PHILIPPING GOLD MINING

QUOTATIONS

Wednesday, July 12, 1839.

Antamoks

17

10

Baguio Gold

30

Benguet Consol,

Batong Buhay

011

187

Coco Grove

24

Consol. Mines

Demonstrations,

081

Mindanao Motherlode

081

Itogons

221

I X. L

£1

Masbates. Consol,

10

Mine Operations

13

North Camarines

Paracale Gumans San Mauricio

89

Suyoc Consol.

12

United Paracales

391

Ipo Gold

18

Syndicate Investment Surigao Consol.

034 10)

ALSO up to date Sure DEPOSIT any of the Agencies and Branches. Boxes in various size To LET

R. A. CAMIDGE,

Manager. Hong Kong, 8th 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.

For the HONGKONG & SHANGHAI

BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong. 25th Feb., 1999,

BANK OF EAST ASĻA,.

. LIMITED

Authorised Capital.....810,000,000.00 Paid-Up Capital 5,598,600.00 'Beserve and Undivided

Profits

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

D. M. BIGGAR,

Secund Vice Prez.

2,883,932.01 OIL UNDER

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

www

Board of Directors:

Bir Shomson Chow, Chairman

Li Koon Chan, Esq. Li Lan Bang, Esq. . Wong Cha Son, Esq. P. E. Kwak, Esq. Wong Yan Tong, Esq. Kan Ving To Pag. Chan Ching Shok, Esq. Fung, Ping Wih Esq. Kan Tong Po, Esq.,"Chiat Manager. Li Tan Fong, Haq., Mazagar,

'AMOJ

Batavia

Bombay

* Calcutta

Branches and Agencies:-

Haiphong

Bunkow Konolulu Lebe

Blogspore Kowloom PHOLZE London Rangoon Bourabaya Manila

Bwntow Bayon Melbourne San Fran Sydney Bagama eisoo Tintain New York Beattie Vancouver

Semarang Peipink

Shanghai

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.

SATE 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

A

ENGLAND

The search for domestic supplies

of all, which has been pursued on considerable scale sine the passage of the petroleum (Produc- tion) Act in 1934. has at last received substantial 'encour- agement from the discovery of a deep belt of cil-bearing sand near Nottingham.

Atoks

Big Wedge

CHUNGKING, July 12 (Central) Par-dung and financially strin-

gent Ninghsia province has decid

ed to give the handsome sum of $1,000,000 to the national war chest in commemofatter of the second anniversary of the Sino-Japanese hostilities.

Reputed as one of the poorest of provinces, the average receipts of Ninghsia before the war amoun- ted to only $3,000,000 a year. Vigorous steps ordered by General Ma Pu-fang, Chairman of Ning- hala, to open resoirées knä curtail expenditure have now enabled the province to contribute $1,000,000 to the Central Government.

I

SOVIET - U.S.

BARTER PLAN

VLADIVOSTOK, July 12 (Int?)~~

Persons in close touch with the State Department report that the Government is giving serious con- sideration to a barter plan whereby the United States would trade surplus cotton to the Soviet Union, behind in its textile production, for manganese, vital element in munitions manufacture, which the United States lacks, according to a New York report.

The same quarters also under- stand that the barter negotiations with Belgium, inaugurated several weeks ago, are progressing satis- wefactorily. The United States seeks to swap excess grain and cotton, which Belgium needs, for tin and rubber, of which the colonial em- pire of that country produces an abundance.

Mr. Bellenger said he was ask- ing in order to ascertain whe ther the Government was of the same intention now as when the

"Could act was introduced. have that assurance"? he inquired.

Sir John Shmon said that he thought the answer he had riven originally had dexit with the matter. No further action of the kind mentioned was at present ander discus- sion.

MOVES TO IMPROVE BRITISH TRADE LONDON, July 12 (T/Ocean) The British Trade Minister. Mr. Oliver Stanley, on Tuesday after- noon, in the House of Commons, 10.30 hinted that Britain, in the near fu- ture, in addition to giving loans, would try by other means to im-

EXCHEQUER RETURNS

LONDON, July 18 (BW)—EX- chequer returns show that the

total ordinary revenue amounts to £161,174,302, compared with £160, 363,456 at the corresponding date last year.

1

Total expenditure, less self. balancing items, is £311,695,283 compared with £287,674,182 at the corresponding date of 1938, -

prove the trade relations between CONSIGNEES' NOTICES

002 England and the foreign countries

26.

15

HONGKONG

SHAREBROKERS'

ASSOCIATION

Volume of Business Transacted on Wednesday, July 12, 1939.··· Telephone: (0)

(ex .div), Trams

The unexpectedly shallow depth Lands

at which the oil was encountered Watsons.

Is noteworthy, for no discovery "had been anticipated until drilling had reached the limestone, about 1,000 feet deeper."

In

1,000 $22.75 500 16.80 500 300.

CHINESE APPRENTICES

IN BRITAIN

36.00 8.45

The results obtained at Nottingham 甘き the most promising so far obtained from any of the drillings, which, in different parts of the country, have reached a total of 50,000

On June 28. Chinese apprene feet and cost about £150,000. About 100 tons of all of first- tices who are receiving practical class quality have been obtained training in British engineering a week, and here is every workshops under the Federation of reason to believe that the now is British Industries scholarship not merely seepage, such as has been scheme were entertained to dinner tapped at a very shallow level near at Grosvenor House by members Formby, but comes direct from of the federation's committee. strata which are definitely oll Sir George Macdonogh, a past bearing.

president of the federation and It is far too early yet to chairman of the committee, Baid dogmatize about the size of the sixty scholarships had been award- Dew oflfeld, which cannot be ed to selected engineering gradu. ascertained even approximately ates from approved universities in until the present borehole has china, and Hongkong, and some gone deeper and until further thirty British-trained engineers adjacent drillings have been had already returned to China and

were doing good work there.

PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches made, in China and connections in the principal Commercial Centres of

But the Ciscovery certamry |

in

under quantity

the World, we are able to extend opens up the possibility that oil ex- He announced that twelve ascholarships for training next year to our Clients special facilities for ista Domestic and Foreign Banking and considerable stretch of middle- would be offered through the eastern England, and the FBI: Selection Committee in Exchange.

company responsible for so pro- Shanghai. Jonged and expensive a series of tests is to be congratulated on the

Head Office: SHANGHAI

Hong Kong Branch;

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

KONGMOON SWATOW

TOISHAN SHIVOHOW KINGOHOW

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

SHOU JOHEN,

Taner,

} reward of its pertinacity.

TRADE GUARANTEE BILL

in south eastern Europe.

Mr. Stanley added that the ne- gotiations at present going on with the Bulgarian Government aimed at Increasing the British imports from Bulgaria: while it seemed possible to persuade the British tobacco companies to buy more to bacco in Greece, thus helping to generally improve the economic re- lations between Greece and Eng- land. The details are to be an- nounced at a later date.

1,

Trade With Balkans. LONDON, July 12 (B.W.9.)-Br- tish trade with the Balkans was mentioned in two parliamentary answers yesterday....

The President of the Board of Trade stated, regarding a question of increase in British purchases of Greek tobacco, that the matter was still under consideration.

Mr. Oliver Stanley also informed the House of Commons that the British Government were now dis- cussing with the Bulgarian Gov- ernment arrangements which it was hoped would produce some in- crease in British imports from Bulgaria and generally promote trade between the two countries.

-་་

LONDON GOLD

London, July 11 (Reuter). Bar Gold, Fine per oz, 14876. Dollar Parity, 1/2d. premium

NORDDEU ÍSCHER LLOYD "BREMEN.

HE" Steamer

THE

"GNEISENAU

having arrived from BREMEN, HAMBURG and Peris, consignees of cargo are hereby notified that their

carga is being landed at their risk into the godowns of The Hong Kong & Kowloon Wharf &. Godown Co., Ltd Kowloon, Where delivery can be obtained.

All goods remaining undelivered after the 20th July. 1959, will be subject

to rent.

"NO FIRE INSURANCE will be affected by us in any case whatever.

Damaged packages must be left in the godown for examination by the con- signees and the Company's surveyor, Mestrs. Anderson & Ashe, at 10 am on the 19th July, 1839.

Consignes must-have a Bevenue Officer in attendance when damaged dutiable goods are examined by the Company's areyors

No claim will be admitted after the gods have left the godown and all claims must be prosented within Twe Weeks of the ship's arrival here, after which date they will not be recognised.

Consigneer are requested to surrender their Bills of Lading to the undersigned for countersignature.

MELCHERS & CO.. Agenta: NODEUTSCHRE LLord, Bakken, Hong Kong, 13th July, 1999.

LINE

MAERSK

ERVICE

(561

Fortnightly Express Sailings

KEELING, AND

24 JAPAN

LOS ANGELES, PANAMA, NEW YORK BOSTON, · PHILADELPHIA, BALTIMORE,

NORFOLK & SAVANNAH

Through B/L are issued to Central and South America, Gulf and Caribbean Sea Forts and West African Ports Arrivals from USAA

Balings to UBA.

28th July:

ing of the Overseas Trade Guar

antees Bill, which extends to £50,-

000,000 the limit of credits the Board of Trade may darantee part LONDON, July 12 (BWB)The from those justhed on their com Prime Minister informed Mr. Ar-mercial merits alone, that the com- thur Greenwood, acting Leader of mittes stage of the necessary the Opposition, in the House of money resolution would be taken Commons during the Becond Read on Friday,

HALIVE GERTRUDE MALESK".

MY GRETE MAERSK MVHULDA MAERSK"

18th July

27th July

11th Aug. 7th Abg.

M.V. "MARCHEN MAERSK” (All dates are subject to alteration without notice) EXCELLENT ACCOMMODATION FOR PASSENGERS,

LOVE HÁT MODERATE RATES,

* For Freight and Paimge plaaso apply

JEBSEN & CO

Cambon Briatheek, 3.0. ^ VA zentai Hong Kong, Fadder Bulding

Tal 10918

Bwatow Agent GEBR BORSEA

Tel: 3150667

Tol 1838

THURSDAY, JULY 13 1999-PAGE 13

PRESIDENT LINER

Sailings

FOR SAN FRANCISCO & LOS ANGELES vis SHANGHAI, KOBE, YOKOHAMA and HONOLULU AS" PRESIDENT PIERCE” Skils July 14th at 12.01 “8.8. " PRESIDENT COOLIDGE "

SA

PRESIDENT TAFT"

8.8. "PRESIDENT CLEVELAND" 8.S. PRESIDENT PIERCE" 8.8. " PRESIDENT COOLIDGE":

July 29th at 10.00 ‍A.2.

Aug. 2th at 8.00 AE

Aug. 26th Sept

b

Sept. 23rd at 9.00 à 1.

AND FORTNIGHTLY THEREAFTER FOR NEW YORK & BOSTON

via SUES

PRESIDENT MONROE " Bails July 10th at 15"

8.8.

8.8.

PRESIDENT ADAMS **

BB.

AND FORTNIGHTLY THEREA

Aug. 4th at 12.

FOR MANILA

PRÉSIDENT COOLIDGE' Bails July 2nd at 1.00 A.M.

6.8 "PRÉSIDENT ADAMS→ && "PRESIDENT TÄFT”

BS. "PRESIDENT CLEVELAND *

T

Aug. that I Nob

Aug. 8th at 20ÂM.

Aug. 19th at 2.00 À...

AMERICAN PRESIDENT LINES

-"BOUND-WORLD SERVICE"

12, PEDDER ST.

Triestina

Lloyd

TEL. 28171.

FORTNIGHTLY

• EXPRESS SERVICE

FAR, KAST-INDIA—ITALY

Hongkong-London 23 days Hongkung-Italy 21 days

TO SHANGHAI

SCHEDULE OF SAILING FROM "HUNGKONG TO MANILA, SINGAPORE, COLORBO, BOMBAY, EGIFT

& ITALY - CONTE ROSSO" 14th July 12th Aug. m.v. "VICTORIA" -

A "GIULIO CESARE" 1st Sept. 1. "C. BIANCAMANO" 18th Sept. LL "CONTE VERDE" 29th Sept.

#v. "VICTORIA”

3. "GIULIO CESARE" 25th Aug. * "C. BIANCAMANO" 10th Sept. 8.8. "CONTE VERDE" 22nd Sept...

*VICTORIA” 1711 Oct.

m.v.

LLOYD TRIESTINO

P.O. Box 143. Tel. Address “Lloydiano"-Telephones 32962 Passenger

32983 Freight -

HAMBURG-AMERIKA LINIE

Far Eastern Mail, Passenger & Freight Service

Through bookings to Amarica via Europe and Europe via America. Through bookings to. Tondon Bookings around the world. —

OUTWARD SAILINGS

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

Kobe gaisur

....19th July "SAARLAND” for Shanghai, Daire, babe,

Kobe int

30th July for "Shanghai, Dairen, T'bama, Kobe

-19th Arg.

B.V. "BAMSES".

HOMEWARD SAILINGS *m.v. "LEVERKUSEN" for Genta, Edib, Balborg ... TANT *my “RHEINLAND"...for Mars, R'dan, Hamburg 5th Ang. MY, BURGENLAND" for Geros, R'dam, Hamburg ... Slet Aug, *Freighter with Passenger Accommodation.

For further partaculars and pesisge fares, etc apply to

HAMBURG-AMERIKA LINIE JEBSEN & CO., AGI?!

is, Pedder Street, Tel, 812056

CANTON AGENTS: CARLOWITZ & CO, Sbakce - Rond,

VISIT BALI AND JAVA

"Most Favourable Months”

JULY & AUGUST.

Special Excursion Fares On Application SAILINGS

TO MANILA, BALI MAKASSAR

AND SOERABAIA

1. T 1 JALENGKA 1819 Jy

MÄIDEN VOYAGE) CAMUTO BATAVIA (DIRECT});

BTJIBADAK 11th TO AMOY, SHANGHAI

CHINNAMPOS

** TJISALAK

JAVA-CHINA-JAPAN-

(as Jaya-China

incorporated in the HONGKONG CANTON SWATO

Ao Macao: Asent.

NOLASCO DA MILY

LIJN EXPRESS SERVICE