1939-07-18 — Page 28

HONGKONG DAILY PRESS

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

$50,000,000

Authorised Capital.......... Issued & Fully Paid-Up $20,000,000

Reserve Funds:

Sterling

£8,000,000 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.,

W. H. Lock, Esqu

Chairman.

Depity Chairman.

Hon. Mr. J. K. Bousfeld,

A. H. Compton, Esq.,

Han. Mr. S. H. Dodwell,

D. P. Landale, Esq.,

G. Miskin, Esq.,

K. S. Morrison, Esq.,

Hon. Mr. T. E. Pearce.

H. V. Wilkinson, Esq.

Sir Vandeleur M. Grayburn,

Canton

Chief Manager.

וי

INDIA, AUSTRALIA

AND CHINA

The

H. K. STOCK EXCHANGE

On 4

day's trading was somewhat broader and extensive scale than yesterday. The leaders being E.K. Banks, Unlóma, and Electrics. Markings, however, point

Incorporated by Royal Charter, 1853 to the fact that buyers are in a position to make their own terms, £3,000,000 and in consequence some slight £3,000,000 | giving way in price levels is noti-

ceable.

Paid-Up Capital

Reserve Fund

Reserve Liability of Pro-

prietors

£3,000,000

HEAD OFFICE: LONDON:

38, Bishopsgate E.0.2... Sub-Agencies In London: 117/122, Leadenhall Street, E.0.3 West End Branch: 14/16, Cockspur Street, S.W.1. Manchester Branch:

5o, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES :

ALOR STAR

AMRITSAR

ΒΑΝΟΧΟΣ

BATAVIA

BOMBAY

| CALCUTTA

HARBIN

PENANG HONG KONG MANGOON ILOILO

BAIGON IPOH

KARACHI

LANG

AGENCIES: XOBE

CLE SWEAT

KUALA

FAIRLIK PLACE

CANTON

CAWNPORE

OKBU

LUMPUR

KUCHING

MADRAS

(Peking)

Amoy

Branches: Ipoh

Penang

MANILA

Bangkok

Johore

Rangoon

COLOVRO DELHI

KEDAN

Batavia Rombay Calcutta

Kohe

Saigon

HAIPHONG

NEW YORK

Kowloon Sag

HAMBURG

PRIPINO

Kuala

Francisco

HANKOW

Lampur Shanghai

Cheloo

London

Singapore

Colombo

Lyons

Sourabaya

Foochow Manita

Haiphong Muar

Patani Swatow

Hamburg (Johore)

Tientsin

Bankow

Mukden "Tokyo

Harbin

New York

Dairen. Malacen "Sangei

Hongkow Peiping

Iloilo

www.

Tsingtao Yokohama

"SEREMBAN

SHANGHAI UNGAPORE BITLAWAN HOURABAYA TAIPINO TIENTS IN TONGKAH

(Bhuket)

TRINGTAO

ТОКОНАМА

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

terms which may be ascertained at ALBO up to date Sarz DEPOSIT any of the Agencies and Branches. Boxes in various sizes To LET

R. A. CAMIDGE, Hong Kong, 5th Jane, 1830.

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, 28th Feb., 1939.

BANK OF EAST ASIA, LIMITED

Authorised Capital.....$10,000,000,00 Paid-Up Capital 5,398,600.00 Reserve and Undivided

Profits

.... 2,893,932.01

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

Board of Directors:

Sir Bhouson Chow, Chairman

Li Koon Chin, Esq.

P. K. Kwok, Esq.

WODg Yun Tong, Esq.

Li Lan Sang, Esq.

Wong Cha Bos, E4 Kan Ying Po, Esq.

Chan Ching Shok, Esq. Fang Fing Wah Esq.

Kan Tong Po, Esq., Chiat Manager.

Li Too Fong, Eaq., Muanger.

Calcutta.

Branches and Agencies:-

Ámay

Batavia Bombay

Halphong How Honolula Lobe.

Kowloon

Londra

Manila

Halbourne

Penazg

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL

- HEAD OFFICE:

BUYERS

HK. Banks, $1320.

Union Ins., $400...

HK. Landı 4% Debentures par. Yaumati Ferries, $22. HK, Electrics, $54. Canton Ices,. $1.

Wing On HK, $41.00 HK. Govt. 4% loan 4% pm. HK. Govt 3% loan 981 %.

SELLEKS

HK, Wharves, $108. H.K. Docks, $17. Providents $41. Dairy Fams (0), $214.

SALES

HK. Banks, $1330/20, Canton Ins., $200.

Union Ins, $412)/405.

HK, Docks, $17. HK. Lands, $35. AK. Tramways, $16.60. China Lighta (0), $9.20 HK. Hestries, $541/54. Telephones. (O)," $23. Cements, $12.80.

CABLE REPORT NO. 548 Battery: 5,163 tons, 1,364 OZ.. 1,297 fine vts,

Re-Treatment 7,561 tons, 790 OZS., 618 fine oz3S.

Total: 2.154 oz. "Total: 1,913 fine oza

Estimated proft: $52,000 vious month $40,000).

FINANCE

JAPAN IS SHORT

OF IRON. Boston-Shortage of steel and other metals in Japan is tending to hamper that country's extensive shipbuild- ing programme, according to Harold P. Smith, New England manager of the Culted States Bureau of Foreign and Dom- estle Commerce. Considerable scrap metal that is taken from Boston to Japan is sald, to be used in steel that goes Inte ships.

Estimated needs of iron ore "In Japan this year amounts to 7,500,000 tons, 'compared with production of 2,600,000 tons, Mr. Smith declared. Of the 5,000,000 tons of imported ore needed, not more than 1,800,-

·000 tons can be obtained from Malaya, he said. French Indo- China and the Philippines may supply more than formely but, the mines to "Central China, which normally supply 1,300,- 00 tons, will probably supply much less than that amount, while shipments from North China this year are not ex- pected to exceed 1,400,000 tons.

WEEKLY WHEAT

REPORT

REYNOLDS AND GIBSON (Per Payne & Co.)

Liverpool, July 4. London. Our market has again been very steady with scarcely any change in quotations. The quiet- (pre-ness which has prevailed ever

il

PHILIPPINE GOLD MINING QUOTATIONS

Centavos.

21

191

204

since the barter deal became a possibility has been accentuated since the signing of the agreement between the governments of the US, and the UK The Senate en- dorsed the terms of the agreement last Wednesday but until the In- ternational Rubber Regulation Committee meets to consider what action it will take to release the necessary supplies, it does not look as if much business will be trans- acted in our market. In the not- mal course of events the IRRC. is due to meet three weeks to-day, the 25th. inst., when the quota for the October-December quarter will 23 have to be considered. Under the

130 10.50

Atoks Antamoks

Manager.

Baguio Cold

Batong Buhay

Benguet Consul.

Big Wedge

Coco Grove

21.

23

Consol. Mines

002

Demonstrations

081

1. 'X... L.

43

Ipo Gold Itogons

16

Manbulan Consol. Masbates Consol

08 11

Mine Operations North Camarines Paracale Gumaus

131

15

San Mauricio

Surigao Consol,

02 21

Suyoc Consol,

12)

Sunlicate Investment

United Paracale Mindanao Motherlode

18, PINE STREET,

NEW YORK. An American Bank ofering 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 BANT. NEW YORK, with Resources over U.S.82,500,000,000,

D. M. BIGGAR,

Second Flow Pres

THE MERCANTILE BANK OF INDIA, LIMITED

Head Omeo:-15, Gracechurch Street, London, EC3

Authorised Capital Fald of Capita Subscribed Capital Reserve Fund and Rest.

HONGKONG

W

CHINESE CUSTOMS|

เ

PROHIBITIONS

SHANGHAI, July 18. (Intl)- The Chinese customs is anforcing the prohibition of imports on eighteen commodities including. foreign liquors, cigarettes, marine products, silk goods, toilet articles. toys, fruits, canned provisions, lumber, paper, bamboo mann- factures, fuel liquid unless permit is granted by the Ministry of Finance, in Chungking.

ין

а

By strengthening the import restriction, the National Govent- ment intends to reduce, China's imports by $230-million a year,

This

the third measure adopted to improve China's for- eign trade balance. The first measure was the foreign exchange operation conducted by the stabilization' of the Chinese national dollar and the second. measure was the partial mora- torium declared by the local Chinese banks

1

JAPANESE CEMENT NOT WANTED IN “SINGAPORE SINGAPORE, July 18 Intl)- Prices of Portland cement here are likely to rise as it is to be used in construction works in place of. Japanese cements in spite of its lower prices. The quality of Jap- anese cement is poor.

47:

The consumption of Portland cement in Singapore during June. is estimated to be 'more than 18,500 bags.

LONDON GOLD

London, July 17 (Reuter). Bar Gold, Fine per oz. 148/6. Doliar Parity, 1/2d. premium.

CONSIGNEES' NOTICES

BARBER-WILHELMSEN LINK

NOTICE TO CONSIGNEES.

M.V. "TAI PING" From USA via MANILA,

"ONSIGNEES of Cargo are hereby

informed that all Goods are

being landed at their risk into the Godowns of the Hongkong and Kow. loon Whart & Godown Company, Ltd.

WEDNESDAY, JULY 191939 PAGE 19

PRESIDENT LINER

Sailings

TO

MANILA

&.&. "PRESIDENT COOLIDGE" S.S.

SUNDAY, July 23rd, at 1.00 A.M.

IMPORTANT

All passengers must possess cholera inocula tion certificates issued by the Hongkong Govern- ment authorities at least five days prior to arrival at Manila.

AMERICAN PRESIDENT LINES.

"ROUND-WORLD SERVICE"

12, PEDDER ST.

TEL. 28171.

THE BEN LINE STEAMERS, LTD.

S.S. "BENRINNES"

or

Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG and LEITH on about the 9th August, 1939.

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

For Freight and l'assage upply

to the Agmis:

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

Tel. 34165

York Building.

at Kowloon, whence and/or from the CONSIGNEES' NOTICES CONSIGNEES' NOTICES

wharves delivery may be obtained.

Optional cargo will not be landed here, unless police has been given 48 hours prior to vessel's arrival, but car- ried on from port to port to the final port of call to which the option

terms of the agreement about 80.000 tons will altogether be ac- quired by the USA. Government and, on the face of it, it would look as though a 10 per cent, re- lease will be necessary for about six months in order not to disturb the functioning of the regulation 034 scheme

for commercial pür- It poses.

13 thought that delivery to the US. will com- mence round about October, and this reserve stock when finally ac-extends. cumulated will, if not meanwhile disposed of by reason of a major war occurring, be held for a period of seven years from the date on which the agreement comes into force.

41+ 081

SHAREBROKERS'

ASSOCIATION

Volume of Business Transacted an Tuesday, July 18, 1939, Electrics

500 $54.00 200 54.25

£3,000,000 21,900,000

£1,000,000

Electrics

€1,247,8

Union Ins.,"

TIEMS

Cements

BANKERS: The Bank of England and Midland

Bank, Ltd. BRANCHFS:

Kaotan

Kuala TrenggaƏN

New York

Mad

Singapore

Bangkot

Ipob

Hanzoos

Saigon

Sourabaya Bestow

Всталь у

Jafar

Caletta

Colombo

Kandy

H

Delhi Galla

Flongkong Поткр

Karachi

Fangood

Kota Bharu

Shanghai

Kuala Lipla

Ban Frus Sydney

choa Tientsin.

Vancouver

Beattie New York

Pripizg

Bemarang Shangbal

Every description of Banking and Exchange business transacted. LoRDS granted or approved securities.

*****19

China Lights (0) Suyocs

40 405.00

100. 16.60

Shipments from Malaya for the month of June are returned as 31,541 tons compared with 42.214 tons during May.

500 12.60 The following are taken from 100 8.20 the May issue of the IRR.C's 3,000 Ps. 0.124 | Statistical Bulletin:-- -

THE RADE AUSTRALIAN GOLD MINING CO... (Incorporated in Queensland) The statement. for quarter ended Every description of Banking and Exchang May 20, 1939 (consisting of three

Kuala Lumpur "Bingapor

HONG KONG BRANCH:

bhainem transacted.

Travellers Cheques ingred,

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN

"urrent Accounts opened in Local Currency and Fixed Deposits re-

QURIENT ACCOUNTS opened in Local Car ceived for one year or shorter ready and IXED DEPOSITS ved in Loca periods in Local and Foreign Cur-Carency, TERLING & U. 8, BOLLABS on terms.

thai may be sacertained no application. rencies on terms which will be

D. BENSON," quoted on application.

SAFE DEPOSIT BOXES To Ler.

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 ALE ÖVER CHINA) Owing to our numerous Branches

Hanager

LONDON METALS

EXCHANGE London, July 17 (Reuter).

COPPER

buyers sellers

Standard, Cash 42-5/8 42-11/16 Standard,

.43-1/16

3 months 43. Electrolytic 48-7/849-1/4

TIN

in China and "connections. In the Standard, Cash 229-7/8 principal Commercial Contrés of Standard,

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:

CANTON

SWATOW BHIUCHOW

KONGMOON TOISHAN

KINGCHOW

We also handle the issue of Bond's and other Public Funds of the Chiasse Government both at Home and Abroad.

SEQU J. CHEN,

four-weekly periods),

World Shipments:-May 1939, 70,587 tons; April 1939, 73,865 tons [adjusted): May 1938, 65,152 tons (adjusted)

1939,

|

No alaims will be admitted after the

Goods have left the Godown, and all Goods remaining undelivered after the 25th inst, will be subject to rent.

All claims against the vessel must be presented to the undersigned on or before the Bist inst. or they will not be recognized.

All broken, chafed, and damaged Goods are to be left in the Godowns where they will be examined on the 24th inst, at 10 am. by our survoyons Mesars. Goddard & Douglas,

In the case of dutiable cargo, con- signees are requested to inform the Imports & Exports Office that they. have such goods for examination.

No Fire Insurance has bean affected, Bill of Lading will be countersigned by

DODWELL & CO., LTD.

"Agents.

World Absorption:-May 84,988 tons; April 1939, 85,956 tons Hong Kong, 18th July, 1989, (adjusted); May 1938, 77,626, tons (adjusted).

Battery

World Stocks and Afloats:-May Tonnage of Ore raised 14,632 1939, 397,748 tons; April 1939, 403,- tona.

824 tons (adjusted); May 1938, No. of Ounces of Bullion - 456,472 tons (adjusted); duced 4,182 ounces.

As mentioned last week, mtil No. of Ounces of Fine Gold Re- more concrete detalls are 'avall- covered 3,931 ounces.

able, we do not look for much movement in prices in either direction.

-Re-Treatment Plant-

No. of Tans treated 23,869 bas. No. of Ounces of Bullions pro- duced 2,339 ounces.

NOTICE TO CONSIGNEES

OCEAN STEAM SHIP CO, LTD.

AZD.

OBINA MUTUAL STRAN NAVIGATION CO, LTD.

Movements of Rubber in L-CONSIGN ANTENOR

don and Liverpool for week end- No. of Ounces of Fine Gold re-[ing July 1, 1930:- covered 1865 ounces,

London:-Landed, 582 tons; De- "Value of Gold from all sources livered, 804 tons; stock, 42,376 £43,178 Sterling.

tons; Last year, 60,654 tons. Working Costs £,788 Sterling. Liverpool: Landed, 1,074 tons; Capital Expenditure £250 Ster-Delivered: 815 tons; Stock, 21,234

ling.

Mine Profit for Quarter (subject to Deprecation) £18,390 Sterling,

PHILIPPINE MINING QUOTATIONS Tuesday, July 18, 1939.

Centavos

tons; Last year, 31,800 tons.

New York. This market has been fluctuating within a range of about 10 points but without any decided trend. Factory Interest has shown some slight toiprave ment but the disturbed state of affairs in Europe and also in the Far East prevents a steady busi- ness from taking place, and we do not think there will be much change until it is seen exactly how 013 the barter plan will be worked out 10.50 In practice.

Co's Vessel

FROM UNITED KINGDOM VIA SINGAPORE.

...

are hereby noticed that their Darge will be discharged into Holt's Wharf, Kowloon, where it will lie at Consignees risk and subject to Terma and Conditions of Storage at Holt's Wharf. The Cargo will be ready for Delivery, from Godown on and after 18th July,

Optional cargo will not be landed here male Notice has been given prior -to" Steamer's arrival, but carried on from. port to part so the final port of sail to which the option extends,

All broken, shafed and damaged. Goods. are to be left in the Godowns; - where they will be examined on any Tuesdayı and Fridays between the hours of 10.45 1. and Noom within the Fres Ekerage period.

No Ulaima will be admitted after the Goods have left the Stasuer's Godawa, and all Goods remaining undelivered after the 39ad will be subject

230

3 months 225-1/8

LEAD

225-1/4

Foreign,

Atoks

Official Price 14-3/4 Foreign, Official ","

14-13/16

Antamoks

Baguio Geld

21

191 201

14-15/18

Batong Buhay

Benguet Consol

Big Wedge

21

14-1/4′′

Coco Grove Consol, Mineg

23

III

004 43:1

Paracale Gumaus

San Mauricio

Ipo Gold

18

Bariga Consol

Itogona

231

-Suyoc ConADI

12.

Manbulso Consol

08

Sanlicate Investment

·034*

Masbates Consol:""

11

United Paracoles)

Mindarias: Motherlode

16th July 1989,

3 months 14-7/8.

SPELTER Ordinary,

Official Price 14-3/16 Ordinary, Official

3 months 14-3/8 14-7/16 Final Afternoon Transactions. Tin, Standard, Caîh, £230, sel-

flera.

Tin, Standard. 3 months 225-

Manager:11/4 sellers.

Demonstrations

Mine Operations

|002 ||- North Camarines.

to Rent

All Claims against the Bteamen must "be presented to the Undersigned on or before the 6th Aug, or they will not be recognised. Defend t

No Fire Insurance will be affected. BUTTERFIELD & SWIRE

Agarta

1655

· COMPAGNIE DES MESSAGERIES MARITINES

ik

CONSIGNER NOTICE.

44

S.S. ANADYR " 8°AED/39.

BRINGING CARGO FROM. DUNKIRK via HAIPHONG etc.

Axar, HONG KONG ON SATURDAY, THE 15TH JULY, 1938

- SILVER LINE.

NOTICE TO CONSIGNEES

FROM NEW YORK, SAN FRANCISCO.

THE

:

ABE Motor Vessół ··

"SILVERWALNUT

having arrived from the above Ports on | 14th instant, Consignees of Cargo sto hereby informed that their Goods are being landed at their risk into the Go- ONSIGNEES are hereby informed downe of the Hong Kong and Kowloon that their goods with the exception Wharf and Godown Company, Limited, of Opium, Treasure and Valuables are | Kowloon, and stored at Consignees with being landed & stored into the godowns and expense,

All broasa, cha fed, and damaged Gooda of the Hong Kong Kowloon What and Godown Co., Ltd., Kowloon, whence are to be left in the Godowns, where delivery may be obtained immediately they will be examined on Thursday, after landing.

17 | 20th instant, at 10 am,

All Claims must be sent in to me or before the 25th July, 1939, or they will not be recognized."

Damaged Packages will be examined by the Company's Surveyor, Merors. Goddard & Douglas in the presence of the Consignees at 10.00 on Wednesday, the 21st July, 1989

Consignees must have a Rerenne Officer in attendance when any dutiable goods are examined by the Conrpant's Burveyors.

No Fire Insurance will be affected bị. ue in any case whatever,

R. OHL,

Agent Hong Kong, 15th July, 1988.

[655

All Claims must be presented within 15 Days of the vessels arrival here, after which date they cannot be re cognised,

No Olama will be admitted after the Goods have left the Godowna, and ali Goods remaining undelivered after the 91st iast, 1939, will be subject te Reat.

No Fire Insuränes has been affected, Bills of Lading will be countersigned by

FURNESS (FAR EAST), LTD.

fnd Floor, Hongkong & Shanghai Bank Building Dials sal65.& 23160. Hong Kong, 14th July, 1989,

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