1939-07-15 — Page 13

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FINANCE

WEEKLY RETURNS AND REPORTS

BANK OF ENGLAND

London, July 13 (Reuter).

June 29

. July 6

3

29,520

£

19.300

Bankers

98,480

Other Accounts

37,580

87,110 30,780

Total

134,040

123,890

Governmen

Securities

118710

100.440

Paid-Up Capital ............................. Reserve Fund... Reserve Liability of Pro-

prietors

Other

Discounts and Advances Securities

8.700

9,230

22.460

22,610

Total

91,750

31,840

£4,000,000

Notes and Colas

21,360

227,090

247,070

Notes in circulation

505.720

19.93%

Price of Gold at Which Holdings are valued

148/6

607.990 25.51% 148/6

HONGKONG DAILY PRESS

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised 'Capital... $50,000,000 Issued & Fully Paid-Up $20,000,000 Heserve Funds:

Sterling

£8,500,000 H.K. Currency Reserve $10,000,000 Reserve Liability of

Proprietors

$20,000,000

Head Ofce:-HONG KONG

Chairman.

Deputy Chairman,

Kon. Mr. J. E. Bousfeld,

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,

H. V. Wilkinson, Esq.

Sir Vandeleur M. Grayburn,

INDIA, AUSTRALIA

AND CHINA Incorporated by Royal Charter, 1813 .:£3,000,000 £3,000,000

HEAD OFFICE; LONDON: 38, Bishopsgate E.C.2 Sub-Agencies In London:

117/122, Leadenhall Street, E.0.3 West End Branch: 14/16, Cockapur Street, 8.W.I, Manchester Branch:

59, Mosley Street, Manchester, £.

AGENCIES AND BRANCHES:

Public Deposits Other Deposits :-----

Bills Bought

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

W. H. Lock, Esq..

Batavia

Bombay

Total Bullion

Ratio of Reserve to Liahälties

FEDERAL RESERVE SYSTEM

ALOR STAR

AMRITSAR

HARBIN RONG TONG

PENANG

U.B. Securities held

Federal Reserve Ratio

BANGOON

BANGKOK

BATAVIA

BOMBAY

ILOILO ІРОД KARACHI

SALGON

+L

SEREMBAN

Federal Reserve Credit Outstanding. Monetary Gold Stock Industrial Advance

SHANGHAI

SINGAPORE SITIAWAN BOURABIYA

CALCUTTA «KLANG

Francisco HANKÓW

KUALA

LUMPUR, TAIPING

(Peking)

AGENCIES: KOBE

CLIVE STRIKT

Chief Manager.

FAILOR PLACK

GANTON

Amoy

Branches: i poh

JAWNPORE

KUCHING

MADRAS

CMBU

Bangkok

Lahore

Penang Rangcon

COLOMEO

MANILA

DELRI

MEDAN

Kobe

Saigon

HAIPHONG

NEW YORK

Kowloon

San

HAMBURG

PEIPINO

Calcutta

Kuala

Caston Lapur

Shanghai

Chefou

London

Singapore

Colenb

Lyons

Saurabaya

Dairen, Malacca Sangei

Foochow Manila

Patani

Haiphong Hau

Swatow

Fambur [Johore)

Tientsin

Bankow

Mukden

Tokyo

Harbin

Hongkew Iloilo

New York Peiping

Tsingtao" Yokohama

CURRENT

ACCOUNTS Opened in LOCAL CURRENCY and FixD DEPOSITS "received for me year

TIENTSIN

TONGKAR

(Bhuket)

TSINGTAO YOKOHAMA

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 st rates which will be quoted on application.

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

The Bank's Head Office in London

U.S. COTTON

EXPORT

FLAT SUBSIDY

SUGGESTED

WASHINGTON, July 14 (Reuter}

39,140

New York, July 13 (Reuter}.

July 6

July 13 (000's omitted)

1,000 3,551,000 85.60% 2,549,000

1,000 2,833,000

4:

18,138,000 12,318,000

85.71% 2,549,000 16,174,000 14,298,000

INDIAN SILVER MARKET

Strength Attributed To "Bear" Actuity

BOMBAY, July 14 (Reuter)--The Mr. Henry Wallace, U.S. Secre- present strength of silver is mainly tary for Agriculture, advocated a attributed to aggressive "bear" fiat cation export subsidy, but at coverings in the belief that the the same time he said that the bottom of the market has been United States does not intend to reached. supplant, but rather would utilize,

advocated a

The absorption of spot silver by

prices.

| CONSIGNEES' NOTICES

SILVER LINE.

NOTICE TO CONSIGNEES

FROM NEW YORK, SAN FRANCISCO.

MEE Motor Vessel

י

SILVERWALNUT“

having arrived from the above Ports on 14th instant, Cousignees of Cargo are berehy informed that their Goods are being landed at their risk into the Go- downs of the Hong Kong and Kowloon Wharf and Godown Company, Limited, Kowloon, and stored at Consignees risk and expense.

All brokes, chated, and damaged Goods are to be left in the Godowns, where' they will be examined on Thursday, | Nth instant, at 10a.m.

All Claims must be presented within 18 Days of the vessel's arrival here, alter which date they cannot be no wognized.

No Claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 1st inst, 1939, will be subject to Boat.

No Fire Insurance has been effected, Bill of Lading will be countersigned,

FURNESS (FAR EAST), LTD

Snd Floor, Hongkong & Shanghai Bank Building Dials 23165 & 23169," Hong Kong, 14th July, 1989.

[864

NORDDEU FSCHER LLOYD BREMEN,

THE

Steamer

"GNEISENAU "

the existing trade machinery for the interior averaged 180 bars daily

BREMEN, making effective the subsidy pro-in the past fortnight, which high having arrived from

level will not be able to be main- HAMBURG and Ports, consignees gramme.

fattained for long, especially during of cargo are hereby notified that Mr. Wallace

their cargo is being landed at or shorter undertakes Executor and Trustee i with no distinction as to payments the monsoon and at the current their risk into the godowns of The Hong Kong & Kowloon Wharf & In the absence of defnited Godown Co., Ltd, Kowloon, Where periods in Local and other Cur- business, and claims recovery of for different classes of cotton.

For Long Period rencies en terms which will be British Income Tax overpaid, on

terms which may be ascertained. at "My feeling is that the initial United States support at the cur-delivery can be obtained. quoted on application.

DeroSIT any of the Agencies and Branches.

rate to be announced should be rent advance, well-informed quar- belleve that prices must R. A. CAMIDGE, one which could be continued for ters

a long period unless some unpre- gradually decline. dictable and major change should occur in the competitive conditions of the world market," he said.

A180 up to date SA Boxs in various sizes To LET

Hong Kong, 5th June, 1939.

HONGKONG SAVINGS

BANK

Manager.

THE CHASE BANK

The Busin 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 Manager. | Hong Kong, 25th Feb., 1939.

· BANK OF EAST ASIA,

LIMITED

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

Paid-Up Capital .......

Reserve and Undivided

Profits

0,499,600.00

2,883.932.01

Head Office:-HONG KONG

No. 10 Des Voeux Road, Central,

Board of Director:

Bir Bhouson Chow, Chairman

L! Koon Chun

P. K. Kwok Ex

Li Lan Sang, Esq. Wong Chu Sen, Esq. Wong Tan Tong, Esq. Kan Ying Po, Eng. Chan Ching Bhur, Esq. Fang Pur Wah Esq Kan Tong Po, Esq., Chiel Manager. Li Tae Yong, Eaq., Manager,

Amoy

HATATLA

Bombay Calentia

Branches and Agencies:-

Halphong

ULKOW

Hmotutz

'Lobe

Howloca Paning Blagaporo Bourseys Накросв London

Balgon westow Melbourne San Fran. Sydowy

Nagaska

New York Pare

Polplag

aleco Tinstala

Yazcover Beattie

Bemarang Shangha

Every description of Banking and Exchange business transacted. LosNÍ granted on approved securities.

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 CHABE NATIONAL BANK, NEW YORK, with Resources över U.8.82,500,000,000.

D. M. BIGGAR,

Second Vice Pres

THE MERCANTILE BANK OF INDIA, LIMITED

Head Offico-15, Gracechurch Street, London, EC.3 Authorland Capital Saberribed, Capital Paid-ar Capital .. Reserve Food and Best,"

£1,900,000

In determining payments, "Mr." Wallace asserted that the rate should be sought for which the possibly of Increase could be re- mote as the possibility of decrease.

|HONGKONG

SHAREBROKERS'

ASSOCIATION

Volume of Business Transacted on Friday, July 14, 1939.

He also delared that he believed that the programme should be HK. Banks made effective as soon as possible Watsons

in

7 $1,350.00

100

All goods remaining undelivered after the 20th July, 1989, 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- signers and the Company's surveyors, Mesars. Anderson & Aahe, at 10 am, on the 19th July, 1939.

Consigness must have a Revenue Oficer in attendanes when damaged datiable goods are examined by the Company's surveyors.

Na claim will be admitted after the goods have left the godown and al 4 claims must be presented within Two 8.20 Weeks of the ship's arrival here, after order that cotton, shipping China Lights. (O): 300

5.25 which date they will not be recognised. should not be unnecessarily delay- China Lights (N) ` » 10°

Providents******** 25 ··4.40

Consigneen are requested to surrender ed.

their Bills of Lading to the undergued Mine Operations .. 5,000 РБ 0.13

for countersignature. PHILIPPINE GOLD MINING

༣། QUOTATIONS

At the same time. he recom- mended that all payments' made at leat to the end of the calendar will

respect the 1939 crop.

SINGAPORE STOCK QUOTATIONS

The following quotations of 12 leading Bingapore stocks received by Messrs. Ellis and Edgar, from Singapore July 11, 1939.

MIDDLE PRICE.

Rubber Shares Amalgamated Malay Estate Ltd., 4,500,000 $1.424; Kempas Ltd., $1.72); Kuala 21,050.000 Sidium Rubber Co., Ltd., 2.12); £1,347,830

Pajam Ltd., $1.75; Sunge! Bagan Rubber Estates Ltd. $1.25% and Tapah Rubber Estates Ltd., $1,47).

- Tin Shares

BANKERS: The Bank of England and "Midland

Bank, Ltd. BRANCHES:

Kunntas Kandy

Kuala Trenggan Mindma

Bangkok

Ipot

Bombay.

Jaffus

Calentin

New York

Colonho

Penang

Deltid Galle Bongkang Howrah

Karachi

RADNO

Kota Bharu

Shangiat

Kuala Lips

Kuala Lumpur

Biml Singapore HONG KONG BRANCH: Every description of Banking and Exchange

bustorm transected.

Traveliers Cheques ligued.. Current Accounts opened in Local

TRUSTEE AND EXECUTORSHIP Currency and Fixed Deposits re-

UNDERTAKEN reived for one year, or shorter

CUHLENT ACCOUSTS opened in oral car. periods in Local and Foreign Currency, an FIXED DEPOSITS ad is Locs. zencies on terms which will be Carresey, STERLINGU.S. DOLLARE on terms

that may be ascertaloni su application, quoted an application.

SAFE DEPOSIT BOXES TO LET.

KAN TONG PO,

Chief Manager.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA ABAN INTERNATIONAL EXCHANGE

D. BENSON,

Xwager

CHINA TO CHECK SMUGGLING BY JAPAN

BHAOKWAN, July 14 (Invi)-In view of the Japanese blockade of *BANK'

the China coast partly for the PAID-UP CAPITAL $40,000,000.00

of dumping Japanese purpose (BRANCHES ALL OVER CHINA)

goods into. the

the interior.

Govern- Owing to our numerous Branches Kwangtung Provincial in China and connections in the principal Commercial Centres of ment under the suggestion of the World, we are able to extend Chairman Li Han-yun has made a to our Clients special facilities for working arrangement with Kwang- Domestic and Foreign Banking and i and Fukien provinces, whereby

the smuggling of Japanese goods 1 Exchange.

to be checked,

Head Office:- SHANGHAI Hong Kong Branch:

4, QUEEN'S ROAD, C.

South

Petaling Tin Ltd., $6.57 and Sungel Luas Tin Dredging Ltd., $1.371.

Industrials

Straits Trading Co. Ltd., $25; United Engineers Ltd., (Ordinary), $8.271 and Wearne Brothers Ltd., $12.85.

Gold Shares .. Raub Australian Gold Mining Co., Ltd., $4.30. --")

The above quotations are in Straits Dollars.

CZECH ASSETS

IN BRITAIN

New Settlement Scheme

LONDON, July 14 (Reuter). -A scheme for the settlement" of claims against Czech assets held in Britain was announc- ed by Sir John Simon,- Chen- cellor of the Exchequer, the House of Commons VYCHE terday.

ZEL

ment to the Treasury of £6,000,- It will provide for the repay- 000 advanced to the former Cze choslovak Government -- and for It is learned here. that the the use and benefit of Czech re- Japanese goods are imported dutyfugees of the unexpended balance tres from Canton and Swatow and of the tree gift of £4,000,000. are intended for sale in territory As there are no practical ad under Chinese control.

vantages in detalled arrange Most of the Tapanese goods un- menta, particularly in the hand- We also handle the issue of Bonda derwent a change of labels in aning of the refugee problem being and other Public Funds of the outport or in Shanghat prior to worked out in conjunction with Chinese Government both at Home shipment to the interior of China, the Central Bank and the Refugee Goods of such character will be Institute in Prague. this matter and Abroad

SHOUJOHEN, scrutinized carefully by revenue will be taken up with the German

Government Yamagor, and preventive service

Cina Offices

CANTON SWATOW SHIUCHOW......

KONGMOON TOISHAN KINGCHOW

Big Wedge

Consol. Mines

MELCHERS & 00.. Agenta: NORDDEUTSCHER Llotd, BazkIN. Hong Kong, 13th July, 199

MAKASK LINE

NOTICE TO CONSIGNELS

Centavos.

Friday, July 14, 1939. Antamoks Atoks

18

185

Bagulo Gold

20

•Benguet Consol

10.30

Batong Buhay

012

12)

Coco Grove

002

Demonstrations

08 THE

THE M.S...

"HULDA HAERSK "

Mindanao Motherlode Itogons

081

23

#1

Masbates Consol

10

13

23

14

30

100, whate delivery may be obtained na FOOD the goods are landed.

12

United Paracales

40

15

Sundicate Investment Surigao Consol.

191

L. X. L......

!me Operations North Camarines

Paracale Gumaus

San Maurielo ".. Sugoc Consol

Zpo Gold ...

having arrived from New 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 Konu and Kowloon Wharf & Godown Company's godowns, at Kow-

Optional cargo will not be haded

here, unless notice has been given đẹ hours prior to vessel's arrival, but carried on from port to port to the final which the option 054 port of call to

extends.

LONDON METALS EXCHANGE London, July 13 (Reuter):

COFFER

buyers sellert

2.

£ Standard, Cash 42-13/18 42-7/1 Standard.

43-3718 3 months 43-1/8" Electrolytic 48-3/4 49-1/4

TIN Standard, Cash 229-7/8" 230 Standard,

3 months 224-3/4228-7/8:

LEAD Foreign,

Offcial Price 14-5/8" Foreign, Officiai

3 montis 14-374

SPELTER Ordinary.

14-11/18

-14-13/18

Official Prica 14-1/16 14-1/! Ordinary, Official

No Claims will be aducitted after the Goods have left the Godown, and All Goods remaining undelivered after the 18th July, 1989, will be subject to Bent.

Allbroken, chatea, and damaged Goods are to be left in the Godowns, where they will be examined on 17th July, 1939, at 10 ... by our Surveyors Mesare. Goddard & Dougla

To comply with the General Bonded Warehouse Regulations consignees must haves Revenue Officer in attend. ance when damaged dutiable goods are examined.

All claims must reach us before the 18th Aug, 1939, or they will not be recognised. *

No Insurance will be affected, Bills of Lading will be countersigned by

JEBBEN & 00,

Agente Hong Kong, 11th July, 1999-

SKODA WORKS

IN CANADA

[548

The French Schneider Co. of 3 months 14-1/4 14-8/10

Creusot is negotiating with Mon- Final Afternoon Transactiontreal Marina Industries, Ltd., a Tin, Standard, Cash £230 paid French-Canadian firm, for the es- tablishment of an armament plant. and sellers

Tin, Standard 3 months, £225 at Quebec for the manufacture of

arms and equipment for France paid and sellers

BROKERS LOANS

New York Jul 13 (Reuter). Loan on securllies to brokers in

Week-ended

Week-ended New York:—

July 6 $495,100,000

It is understood that Skeda in- terests are largely represented. It the negotiations are success!41, the series of new Skoda

mar begin

SATURDAY, JULY 15, 1932 PAGE 13

PRESIDENT LINER

Sailings

FOR SAN FRANCISCO & LOS ANGELES via SHANGHAI, KORE, YOKOHAMA and HONOLULU Saile July 29th at 1000-A.M. S&PRESIDENT COOL' DOE" 9.S." PRESIDENT TAFT" B.S." PRESIDENT CLEVELAND" 8.8. " PRESIDENT PIERCE “ BS. PRESIDENT SOOLIDGE" S.S." PRESIDENT TAFT »

འ

Ang. 12th at 8.00 AM. Aug. 26th at 8:00 AM.

Sept. 8th at 100 P.M.

Sept 23rd at 9.00 A M.

Oct. 7th at 8:00 AM.

AND FORTNIGHTLY THEREAFTER

FOR NEW YORK & BOSTON VIA SUEZ

Sails July 20th at 19 NooN- Aug. 4th at 19 Noor

88. "PRESIDENT MONROE* S.S. PRESIDENT ADAMS"

AND FORTNIGEETLY THEREAFTIR

FOR MANILA

8.8. "PRESIDENT COOLIDGE" 8.S "FRESIDENT ADAMS" S.S." PRESIDENT TAFT" S.SPRESIDENT CLEVELAND "

Sails July 22nd at 1.00 A.M.

Aug 4th at 18. Noos Aug. 5th at 2.00 A.M. Aug. 19th at 1.00 A. M.

AMERICAN PRESIDENT LINES

"ROUND-WORLD SERVICE” “

12, PRODER ST.

Triestina

Lloyd

TEL. 28171.

FORTNIGHTLY

EXPRESS SERVICE

FAR EAST-INDIA ITALY

Hongkong-Loudon 22 days. Hongkong-Italy 21 days

SCHEDULE OF SAILING FROM HONGKONG

TO MANILA, SINGAPORE, COLOMBO, BOMBAY, EGYPT

& ITALY

B.B. "CONTE ROSSO" m.y. "VICTORIA” 8.8 "GIULIO CESARE" 1st Sept.

15th July 19th Aug.

TO SHANGHAT'

m.v. "VICTORIA"

6th Aug.

8.5. "GIULIO CESARE" 25th Aug.

8.3. "O, BIANCAMANO" 10th Sept

"C. BIANCAMANO" 16th Sept... "CONTE VERDE" 22nd Sept.

CONTE VERDE 29th Sept.

1.v. "VICTORIA”

LLOYD TRIESTINO

7th: Oct

P.O. Box 143, Tel. Address "Lloydiano"-Telephones 39969 Passenger

33963 Freight

HAMBURG-AMERIKA LINIE

Far Eastern Mail, Passenger & Freight Service

Througa bookings to America via Europe and Europe via America.

·Bookings round the world.

Through bookings to Trondon,

OUTWARD SAILINGS.

*.. "BURGENLAND" for Shanghai, Dairen; Thama

Kobe

.....19th July. for Shanghai, Dairen, Y'hama.. Kobe........

30th July for Shanghai, Dairen, Thams,

18th Aug. Kobe

1.8. "SAARLAND".

1.v. "RAMSES".

HOMEWARD SAILINGS

m.Y.“ LEVERKUSEN" for Gence, R'dam, Hamburg... 18th July *m. “RHEINLAND" for Mara, R'dam, Bamberg 5th Ang.

m.. BURGENLAND" for Gemon, R'dam, Hamburg. Freighter with Passenger Accommodation,

LOS

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

JEBSEN & CO., AGENTS,

12, Peddar Stress, Tal. 812036.

21st Aug.

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

MAERSK LINE

Fortnightly Express Sailings

SHANGHAI and JAPAN

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

NORFOLK & SAVANNAH

Through Base ismod to Central and South. Americs, Gulf and

Caribbean Sea Forts and West African Bor Arrivals from UBALO

28th July,

MV "GRETE MAERSH MVHULDA MARBSK”

97th Ang

MV, MARCHEN MAERSK (All dates are subject to alteration without ETOHLLENT ACCOMMODATION FOR PASSINUKES AT MODERATE RATE:S:

Tod. Freight abi, Piesare plosan apply i

JEBSEN & CO.

Canton Bha

10916:

Agents Hong Kong Felder Build

Swalow Agentz GBBR ROESE.