1939-07-22 — Page 13

HONGKONG DAILY PRESS

BANKS

H. K. STOCK

EXCHANGE

Trading during the week must be. described as somewhat disappoint."

HONGKONG & SHANGHAI THE CHARTERED BANK OFng. At times it seemed the market

BANKING CORPORATION

INDIA, AUSTRALIA AND CHINA

was at last being roused from 15 lethargical state to one of promis-

Authorised Capital $50,000,000 |

ued & Fully Paid-Up 20,000,000 Incorporated by Royal Charter, 1853 activity, only to find the so-

Heserve Funds:

Sterling

Paid-Up Capital

£6,500,000 Reserve Fund H.K. Currency Reserve $10,000,000 Reserva Liability of Pro- Reserve Liability of

prietors...... Proprietors

...$90,000,000

Head Office:-HONG KONG.

Board of Directors:

A. L. Shields, Esq.,

W. H. Lock, Esq.,

Chairman.

Deputy Chairman,

Hon. Mr. J. K. Bousfeld,

A. H. Compton, Esq.,

Hon Mr. 8. H. Dodwell,

D. F. Landals, Esq.,

G. Miskin, Esq.,

K. S. Morrison, Esq.,

Hon. Mr. T. E. Pearce,,

H. V. Wilkinson, Esq.

Sir Vandeleur M. Grayburn,"

Chief Manager.

.£3,000,000. £3,000,000

£3,000,000 HEAD OFFICE: LONDON: 38, Bishopsgate. E. C.2. Sub-Agencies In London: 117/189, Leadenhall Street, E.0.3. West End Branch: 14/16, Cockspur Street, B.W.1. Manchester Branch: 52, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES:

HARBIN ALOR STAR

PENANG AMRITSAR HỪNG TUNG LITODON BANGKOK (LOTLO

SALOON IRCH KARACHI

BATAVIA

BOMBAY

SERIMBAN SHANGHAI

(GALOUTTA KLANG

SINGAPORE'

AGENCIES: IOBI

SITIAWAN

CLIVE STREET

KUALA

HOURABAYA

FAIRLIN PLACE

ATMETER

TAIPING

CANTON

IUCHING

TIENTSIN

Amoy

Branches: Ipoh

MADEAS

TONGKAH

Bangkok

Johore

Batavia Bombay Calcutta

Kobe

Penang Rangoon Saigon

COLOMBO DELHI

MANILA

(Bhukat)

MEDAN

Kowloon

San

Kuala o

Francisco

HAIPHONG HAMBURG HANKOW

NEW YORK. PRIPING

(Peking)

TSINGTAO YOKOHAMA

Canton Chefoo

Colombo

Lumpur Shanghai

Londen . Singapore

Lyons Saurahnya

Daireo Malsech Sungei Manila

Foochow

Patapi

Tokyo.

Haiphong Muar. Swntow Hamburg (Johore) Tientsin Bankow Mukden Harbin New York Tsingtao Hongkow Peiping- Yokohama Iloilo

DAWNPORE CES!

FOREIGN EXCHANGE and General Banking Business transacted.

CCRENT 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 of rencies on terris which will be British Income Tax overpaid, on quoted on application.

terms which may be ascertained at

Also up to date SAFE DEPOSIT any of the Agencies and Branches. Boxrs in various sizes To Ler

R. A. CAMIDGE,

Hong Kong, 8th June, 1930.

HONGKONG SAVINGS

BANK

The Busim'ss of the above Bank

is conducted by the HONGKONG :

& SHANGHAI BANKING COB-

PORATION. Rules may be obtain-

ed on application.

기

For the HONGKONG & SHANGHAT

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 5,508,600,00 Reserve and Undivided

2,883,932.01

Profits

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

Board of Directors:

Sir Bhouson Chow, Chairman

Li Koon Chun, Eq. Li Lan Sang, Eng. P. K. Kwok, Esq.

Wong Cha Son, Esq. Weng Inn Tong, Esq. Kan Ying Po, Eng. Chan Ching Shor, Esq. Fung Pizy Wan Esq. Ksa Tong Po, Esq., Chief Manager. Li Tsa Fong, Esq., Manager.

Am01

· Branches and Agencies:—

Kowloon London

Hingaporn Pazing Rangoon Sourabaya

Bwntow Melbourne San Fran, Sydney

alaco Zinutein Nagas

VALODUTER Beatti Bekirang Shanghai

Bataris

Bombay

Calentia

Baiphong

Baskow Boudlelu Kode

New York

Paris

•

Peiping

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

Current Accounts opened in Loon! Currency and Fixed Deposits 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 IT.

KAN TONG PO,

** Chief Manager.

BANK OF CHINA

Specially Chartered by

Manager.

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 BANI, New York, with Resources over. #.$.82,500,000,000,

tivity short lived and the market relapsing to its former state. En- quiries are still filtering in for the more popular Utilities, but whe the supply is only partially met and higher prices asked for fur- ther supplies, enquirers refire, This accounts for the facts that, al- though the volume of the turnover for the week ia, not altogether negligible, rates show practically no fluctuations for the period. BUSINESS DONE DURING THE WEEK

ELK Bank, $1350, $1340, $1330,

91320, $1330.

Canton Ina, $200.

HK, Docks, $17.

"

Union Ins., $415, 3412), 3405,

Providents, $4.40, 34.45, $4.40,

$4.35, $4.40.

Lands HK., $35).

Tramways, $18.60, $16.55. $18.45,

$18.55.

Yaumati Ferries, $22.

China Lights (0), $81. $8.20. - China Lights (N), $5. Electrics. $541, $544, 354,"$54.15. Telephones (0) -$23. Canton Tees, $1.10. Cements, $12.80. Dairy Farms (0), $21).

BUYERS

HK, Lands 4 Debentures Par. "Canton Ices, $1.

Wing On H.K., $41. HK. Gort: 4% Loan 44%. HK. Govt, 31% Loan 99%.

SELLEKS

China Lights (0), $81.

SALES

HK. Bank, $1330. H.K. Wharves, $104, H.K. Tramways, 318.55/50.

PHILIPPINE GOLD MINING QUOTATIONS

Atoks

Friday, July 21, 1939.

Centavos,

Antamoks

FINANCE & GENERAL

WEEKLY RETURNS AND F

Public Deposita Other DeposLLA :--- Bankers A

BANK OF ENGLAND

- Other Accounta

REPORTS

London, July 20 (Renter),

July 6

July 13

A

29,520

28,380

87,110

90,620

30.780

34,620

Other Securities:

Qment Securities

130,140

100,440

108,650

Discounts and Advinces.

9,230

0.120

Becurities

22,810

34,740

Total

31,840

39,800

Notes and Coins

39,140

38,440

247,070

247,080

507,930

107,840

Ratio of Reserve to Liabilities

25.51%

Price of Gold at Which Holdings are valued

148/8

2450%.

168/0

** Total Bullion

Notes in circulation

FEDERAL RESERVE SYSTEM

Bills Bought

New York, July 20. (Reuter),

July 13

July 20 (000's omitted)

1,000

2,515,000

85.93%

1,000"

U.S. Securities held

1,635,000

Federal Reserve Ratio

85,71%

Federal Reserve Credit Outstanding Monetary Gold Stock

2,560,000

3,537,000

26,174,000

18,192,000 12,557,000

Industrisi Advrace

Tasman Sea.

Air Service

14,778,000

HOW HITLER CAN BE

Nears Opening CONVINCED

TRANS - ATLANTIC

PLANS READY

The maintenance and ground work of the Tasman Sea service between Australia and New Zea- land is just about complete

will be A new radio station opened soon at East Tamaki Head, near Auckland, to help the air navigators as the aircraft fly at 150 m.p.h. over the Tasman Sea.

Australia's share of the under- taking includes establishment of a radio station on Lord Howe Island, an isolated post six hundred miles out from Sydney which is admir- ably located to provide bearings and weather information.

MR. CHURCHILL AND

MR. EDEN

LONDON, July 10 (By Air Mall)—Mr. Churchill has been paid the compliment of being singled out by the German Government as Enemy No. 1 to Its policy, Mr. Eden is Enemy No. 2. What surer indication could we give to Germany wod to Hitler himself that we mean to stand up to aggression than by bringing these two men into the Government? kr.

No doubt for the Prime Minis- ter this presents personal dim- culties, But we do not believe that Fourteen Landplanes

in the hour of the country's "dan- Fourteen Ensign landplanes, ger Mr. Chamberlain would let each weighing some 22 tons. ace that stand in the way, entering service this year. The To reconstruct the Cabinet on first of six which will fly on Euro-this broader and stronger basis pean routes is now operating daily would instantly consolidate the services between London and Paris ranks of the Conservatives, re- in conjunction with a feet, of de assure the Liberals and Labour Havilland Albatross monoplanes. men In the support they are When all of the new seaplanes offering the Government, 8.14 and landplanes are commissioned would compel Herr Hitler to realise Imperial Airways and British Air-that he has to reckon with 3 ways will dispose of a fleet of ap- Britain absolutely united in the re- proximately eighty aeroplanes,

Trans-Atlantic Service

British trans-Atlantic air Бег

vices are fixed for inauguration next month. "Caribou," one of

21

21

Bagulo Gold

20

Batong Buhay

012

Benguet Consol.

10,60

Big Wedge

211

Coco Grove

241

Consol, Mines

002

Demonstrationg

10

I X. L.

44

·

Ipo Gold

16

Itogons

23..

the Short 8.30 seaplanes developed

111

Mine Operations North Camarines Paracale. Gumaus San Mauricio'

.... 12

24

151

82

Surigao Consol. Suyoc Consol.

20

12)

Sundicate Investment

033

United Paracales

41

Mindanao Motherlode

081

€3,00,000

21,500,000

21,050,000

21.247.ASO

D. M. BIGGAR,

Second Vice Pres

THE MERCANTILE BANK OF INDIA, LIMITED

Head Office-15, Gracechurch Street, London, E-C.3

Authorised Capatal Subscribed Capital Paldas Capital. Reserve Fund and Rest,

BANKERS:

"The Bank of England and Midland

Bank. Ltd.

Fitton Kuantan

Kandy Karachi

New York

Peng

Masbates Consol.

HONGKONG

SHAREBROKERS:

ASSOCIATION Volume of Business Transacted an Friday, July 21, 1939.

BRANCHES:

Bangkok pok Beribur Calestia Colombo Dethl Galle Hongkong Howrah

Rule Tregon" Sexdra

Kobe Bry

Kunia, Lipis

Flanroo Shanghel Bimia

F.K. Trams

100 $18.56

Kuta Luper

старот

HK. Trams China Lights (N) Wharves Itogons

100 100

18.80

10 104.00 20,000 Ps. 0.23

HONG KONG BRANCH: Eeury description of Banking and Exchange basiness transacted.

Travelers Cheques swaed, TRUSTEE AND EXECUTORSHIP

UNDERTAKEN

CURRENT LO00UTTA oped In Losal Our- may and FIXED DEPOSIT vel in Local Carrey, STERLING & U, 8, DOLLARS on terms that may be ascretalend on application.

D. BENSON.

THE NATIONAL GOVERNMENT"

OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

Mater

LONDON METALS

EXCHANGE London, July 20 (Reater).

COPPER

buyers sellers

£

£

Standard, Cash "42-11/16 42-3/4 Standard.

43-1/16 48-1/2 40-1/4"

3 months 43

PAID-UP CAPITAL 840,000,000.00 Electrolytic

(BRANCHES ALL OVER CHINA)

Owing to our numerous Branabes

TIN

in China and connections in the Standard, Cash 229-7/8 230

principal Commercial Centres 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 SWATOWS SHIUCHOW

KONGMOON TOISHAN KINGCHOW

We also handle the issue of Bonds and other Public Funds of the Chiasse. Cleveinment both at Home and Abroad.

SHOU J, CHEN,

3 months 224-3/4 224-7/8

LEAD

Foreign,

Official Price 14-11/1614-3/4". Foreign, Oficial

3 months 14-13/16

SPELTER

| Ordinary,

Official Price 14 Ordinary, Offcial

14-15/16

14-1/16

3 months 14-1/4 14-3/8 Final Afternoon Transactions Tin, Standard, Cash, 2230 paid and sellers,

"Tin, Standard, 3 months, 2225 Imper, I paid and buyers

from the Empire flying-boat al-

solve to stop the nonsense which

is working havoc in Europe:

YUNGTING. RIVER FLOODS

liners, has successfully gone. through CHUNGKING, July 21 (Centrál) final trials of the ingenious-Large tracts of land in the dia- mechanism invented for safe fuel-tricts of Antze, Yungtaing and ling, in mid-air, swiftly taking on Wutsing in east Hopel are board a thousand imperial gal-inundated as a result of the lons for fuel from a tanker 'plane collapse of the Yunging River flying near by.

dyke at Sukochwang. The river New tanks have eliminated the has swollen by mountain freshets; uneven distribution among the

says a Tientain message. three talks of the flying-boat The suburbs of. Hunyuan which upset earlier trials, and a district are also submerged. by different method of making first flood waters from the Bang Chien contact between airliner and River. A large number of villagers tanker has also improved matters were drowned.

First Trips

"Cariboui"

The food waters at Shih-

of. and a sister ship chfachwang, Junction

the "Cabot" are expected to make the Peiping-Hankow Railway' and the first trans-Atlantic journeys. Later Chengtai Rallway, have not yet Nineteen civilians, they will be joined by the 313-ton subsided.

Japanese, "Golden Hind," which was launch- including · 12 6.10 ed from the. Short company's slip-known to have been drowned and

way at Rochester three weeks ago. 1,600 houses to have collapsed. and by the sister craft "Gren-

SINGAPORE STOCK QUOTATIONS

The following quotations of 12 leading Singapore stocks received by Messrs. Ells and Edgar, from Singapore July 18, 1939,

MIDDLE FRICE. Rubber Shares Amalgamated Malay Estate Ltd.. $1.42); Kempas Ltd., $2.75; Kuala Sidim Rubber Co., Ltd., $2.12): Pajam Ltd, $1.75; Bungel Bagan Rubber Estates Ltd., $125; Tapah Rübbber Estates Ltd., $1.52).

Tin Shares Petaling Tin Ltd., $0.571; Sungei Luas Tin Dredging Ltd, $1.37).

Industrials

Straits Trading Co., Ltd, $25; United Engineers Ltd (Ord.), $8.45: Wearne, Bros. Ltd., $12.90.

Gold Shares'

ville", and "Grenadier."

Intake of fuel from the tanker

SATURDAY, JULY 22, 1939. -PAGE 13

PRESIDENT LINER

Sailings

TO

MANILA

8.8. "PRESIDENT COOLIDGE"

S.S.

SUNDAY, July 23rd, at 6.00 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

Triestin

Lloyd

B

TEL. 28171.

FORTNIGHTLY

EXPRESS SERVICE

FAR EAST INDIA—ITALY

Hongkong-London 23 dayı 91 days

: Hongkong-Italy

SCHEDULE OF SAILING FROM HONGKONG

TO MANILA, SINGAPORE, COLOMBO, BOMBAY, EGYPT

& ITALY

12th Aug. my. "VICTORIA”

"GIULIO CESARE 1st Sept. 8.5. ". BIANCAMANO” 18th Sept. .. "CONTE. VERDE" 29th Sept.

14th Oct. m.v. "VICTORIA"

A

TO SHANGHAI

5th Aug.

Lv. "VICTORIA”

"GIULIO CESARE" 25th Aug.

8.3. "C. BIANCAMANO" 10th Sept. 3.8. "CONTE VERDE” 22nd Sept. m.v. "VICTORIA”. 7th Oct.

LLOYD TRIESTINO

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

1988 Fassonger 32883 Freight

THE BEN LINE STEAMERS, LTD.

S.S. "BENRINNES"

Sailing for LONDON, ROTTERDAM, ANTWERP HAMBURG and LEITH on or 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 apply

sure

to the Agente:

may augment the loaded weight CONSIGNEES' NOTICES

of the flying-bost to approximate-

ly 53,000 lb-12,500 lb, more than

CONSIGNEE NOTICE,

the laden weight of the standard|AKEVICES CONTRACTUELS "DES

MINGAGERIES MARITIMES Empire craft, which means big in- cretise iri. useful load Other differences between the major trans-Atlantic boats and their fore-runners are the sleeve-valve engines and the stronger structure of the hull to carry the bearler loads.

18. MARECHAL JOFFRE " 18*A/89,

BRINGING CARGO FO

·MARSEILLES via SAIGON, etc. ARRIVED HONG KONG OF WEDNESDAY, THE 19TH JULY, 1989'

being landed & stored into the Godownt of the Hong Kong, Kowloon Wharf & Godown Co., Ltd, Kowloon, whence delivery may be obtained immediately after landing.

CIVIL AIRCRAFT DEVELOPMENT Government and industry will share the cost of research and NONSIGNEES are acreby informed development directed to the that their goods with the exception erention of new high-performance of Opium, Treasure and Valuables are civil aircraft, declares Bir Kingatey Wood, Secretary of State for Ar The work will be supervised by the Civil Aviation Development Com- mittee, & powerful body with an All claims must be sent in to me on independent chairman and memor before the 39th July, 1989, or bera representing the British they will not be recognised a

Damaged Packages will be examined by the Company's Surveyor, Kesers. Goddard & Douglas in the presence of the Consignees at 10.00 am on Tues day, the 25th July, 1939.

Raub Australian Gold Mining Overseas Airways Corporation the Alt Registration Board, and the Co., Ltd., $4521...

Society of British Aircraft Con-

The above quotations are instructors. Straits Dollara.

LONDON GOLD

London, July 20 (Reuter), Bar Gold, Fine, per d. 148/6. Dollar Parity id premium,

Consignees must have a Revenus Officer in attendance when any datiable goods are examined by the Company's No Fire insurance will be effected by

Great Britain, is determined to achieve the technical leadership in design and construction of civil aeroplanes which is hers in the military held Nearly £3) us in any case whateven milions will be expended by the British Overseas Airways Corpora-

ROHL

tion during the next year or two Hong Kong, 19th July, 1958, In acquisition of new airliners.

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

Tel. 84185

MAERSK LINE

TINE

SERVICE

Fortnightly Express Sailings

KEELUNG, SHANGHAI NA 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 Porta" and West African Ports. Arrivals from 17 B.A.pd

Bailings to USA

M.V. GRETE MAERSK

· M.V.' "HULDA MAERSE”

17th July

28th July M.V. “MAROHEN MAERSK “ 27th Ang.

(All dates are subject to alteration without notion) EXCELLENT ACCOMMODATION FOR PASSENGERS. AT MODERATE RATES.

For Freight and Pamage plsson apply 1---

JEBSEN & CO.

Acenta

Canton Shamoen, B.C.

Tel: 10918, Swatow Agente GEBR BOESE

Hong Kong, Prider Building,

Tat 31201

Tel: 1638