1939-07-24 — Page 13

"

HONGKONG DAILY PRESS

BANKS

HONGKONG & SHANGHAI| THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital......... $30,000,000

INDIA, AUSTRALIA

AND CHINA-

Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1853

Reserva Funds;

Sterling.........

.$20,000,000

Head Office:-HONG KONG

Paid-Up Capital

£3,000,000 £6,500,000 Reserve Fund

£3,000,000 H.K. Currency Reserve 810,000,000 Reserve Liability of Pro- Reserve Liability of

prietors

£3,000,000 Proprietors

HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2. Sub-Agencies In London: 117/12, Leadenhall Street, E.C.3. West End Branch: 14/18, Cookipur Street, B.W.1. Manchester Branch: 59, Mosley Street, Manchester, 3.

""Board of Directors:

A. L. Shields, Esq.

69

W. H. Lock, Esq..

"Chairman. Deputy Chairman.

Hon. Mr. J. K. Bousfeld,

A. H. Compton, Esq.,

Hon. Mr. S. E. 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,"

AGENCIES AND BRANCHES:

ALOE STAR AMEITBAR

BANGKOK

{BATAVIA

BOMBAY

CALCUTTA

KARACHI KLANG AGENCIES: TOBI

PENANG

• BARBIN BONG KONG BANGOON

SAIGON ILOILO IPOH

BEREMBAN SHANGHAI SINGAPORK SITIAWAN BOURABAYA TAIPING TJENTSIN TONGKAR

CLYN STRERT KUALA

Chief Manager. FAIBLIA PLACE

LUMPUR

KUCHINA

MADRAS

MANILA

Branches:

CANTON CAWNPORE CIBU

Amoy

Ipoh

Bangkok

Johore

Penang Rangoon

COLOMDO DELHI

MBDAN

Batavia

Kobe

Bombay

Kowloon

Saigon Sao

HAIPHONG

Calcutta

Kuala

Francisco

HAMBURO HANKOW

NEW YORK PRIPING

(Peking)

Chefoo

London

Singapore

Colombo

Lyons

Dairen

Malacca a

Foochow Manila

Haiphong Muar

Sourabaya Sungei

Patani Swntow

Canton Lumpur Shanghai

Hamburg (Johore) Tientsin

Bankow Mukden

Harbin New York Bongkow Peiping. Iloilo

Tokyo Tsingtao Yokohama

CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSITS received for one year or shorter periods in Local and other Cur rencies on terms which will be quoted on application.

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

Hong Kong, 5th June, 1900,

HONGKONG SAVINGS

BANK

(Bhuket) TEINOTAO TOKOHAMA

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 Starling with. interest allowed at rates obtainable on application.

FINANCE

SHARE MARKET COMMERCIAL AVIATION:

REVIEW

·HÒNGKONG SHAREBROKERS

ASSOCIATION

The beginning of the week saw a steady market with indication of

ano

|

IMPRESSIVE RECORDS

OF TRAFFIC INCREASE

The Air Ministry's official report for 1938 records impres- sive increase in the volume of tramc carried.

Regular services operated on home air routes, between this country and the continent, and by Imperial Airways and asso- clated companies overseas accounted for 13,556,000 miles flown, or nearly three million more than in 1937.

climbed from } ==== Passenger-miles 49,729,000 to $54,267,000 and freight ton-miles from 804,600 to 904,000— both comparatively small

WEEKLY WHEAT

REPORT

REYNOLDS AND GIBSON RUBBER

(Per Payne & Co.)

Liverpool, July 11. London. -- Business has again

increasing demand for most listed stocks. Later, however, the market was overshadowed by the per simistic outlook regarding the outcome of the Anglo-Japanese, Tientsin negotiations. In conjunc- tion with this, the further drop in the Shanghai exchange resulted in unsettled market conditions, creases. Buyers no longer predominated Mall ton-miles, on the other and sellers were forced to accept hand, showed enormous expansion lower prices. There has been no from less than four million to undue selling pressure, neither in 9,335,000-reflection of the growth there any indication of nervou-of Empire airmail trafic offered on sness. The volume of business the flat rate. "all first class 'mall shows some Improvement over by. air." basis., Internal air ser- that recorded for the previous vices did well, aying approximately

3,257,000 miles," and carrying 147 week, HK Banks came m for

500 passengers and 1.200 tons of changea sustained enquiry

mails and freight. hands at $1340 tu $1330. With buyers at $1320. Union ins, were easier with sales at $105. There has been a fair business in Trams at $18.60 down to $16.50. Electries also came in for attention with business reported at $51 to $54 with shares obtainable at the lat-

MORE AMATEUR PILOTS ter figure at the close. Wharves

Some 74 light aeroplane clubs were easier at $104 and Lands could be obtained at $35. Hotels existed in Great Britain and were offering at $5.40 and Pro-Northern Ireland at December 31 vidents at $4.40. HK Docks were 63 were included in the Air Minis- obtainable at $17. China Lights, try's subsidy scheme. Aggregate of old shares were wanted at $8 with club flying members at the end of sales reported at $8.10 and the new the year was 9,100, of whom 3,960 shares had buyers at $5 with sales held "the "A" (amateur) pilot's licence, excluding "Civil Air Guard at $5.10.

trainees. Total number of C.A.G. enrolments was 5,762 of which 633 | Java were of women.

The Manila market has shown increased activity during the week, There has been a substantial im- |

The Bank's Head Office in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, an terms which may be ascertained at 3 ctvs, an any of the Agencies, and Branches.

R. A. CAMIDGE,

Manager.

THE CHASE BANK

The Business 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,

7. 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

Profita

5,598,600.00

2,683,83%D1

Head Office:-HONG KONG

No. 10 Des Voeux Road, Central.

יו

J1

Board of Directori:

Sir Bhouson Chow, Chairman

Li Koon Chun) Esq- Li Lan Sang, Eng

P. E. Kwok, Esq.

Wong Chu Son, Esq.

Wong Yan Tong, Esq. Kan Ying Ta, Bag, Chan Ching Shok, Esq. Fung Fizg Wah Eng. Kan Tong Po, Esq., Chiet Manager. Li Tae Fong, Esq, Manager.

Komy

Batavin

Bombay Cakulta

Haiphong

Jankow Begolaki Kobe

Branches and Agencias :----

Kowloon" Penante

Bingapore

Indon Ratroon Востануть Manlik Halgoa Swatom Melbourne San Frac Sydney Nagnaka

cisco Tienter

New York Beattle Vancouver Paris Bemarang

Shangha

Feining

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

shorter year or periods in Local and Foreign Cur rencies on terms which will be quoted on application.

SAFE DEPOSIT Boxes To L.

KAN TONG PO,

Chief Manager.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

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 BANE, New Yons, with Resources over U.S.$2,500,000,000.

D. M. BIGGAR,

Second Vica Prez

31

SILVER MARKET

London, July 22 (Reuter).

LONDON SILVER

Registered aircraft within the Empire showed a small increase in the year from 3,197 to 3,260. Com- mercial pilots increased from 1.955 to nearly 2,200, private pilots from 7,552 to 8,700, and ground engineers from 3,961 to 3,500.

Serious accidents at home to civil

expansion of Hying. Ap-

been very quiet so that quotations have scarcely moved at all during the past week. Apart from the uncertainty over the barter deal and its application to rubber. ten- sion over Danzig and monetary al- terations in the US.A. have to- Bether contributed to the lack of enthusiasm for entering into fresh engagements.

Shipments for June, from the customary centres of production

are:-

Mayala Ceylon

1939 1939' 1939 June May April tons tons tonis

31,541 42,214 ·43,668 3,641 2,805 2.176

D.EL. Estate

tons

Metric Metric Metric

tons tons (prel.)..

6.165 4.072 5.466

Outer. Pos-

sessions

9,349 9,010 9,093

15:514 13,082 14,559

D.EI. Native

provement in the daily volume of aeroplanes were fewer than in any business recorded on that exchange year since 1933, in spite of tremen- and prices, almost without excep-dous tion, have advanced from ctv to proximately 4 million passenger-

mes, were flown "on regular ser- Outer Pos- 'vices for each passenger Ellied, and 3,400,000 aircraft-miles. were flown for each fatal accident-both figures well above the average of the seven-year period 1932-38.

H. K. STOCK EXCHANGE

This morning was a replica of most of the recent Saturday morn- ings and the market was in con- sequence idle.

BUYERS

HK, Lands 4% Deuentures, par H.K. Electrics, $531. Canton Ices, $1.

Wing On (HK), $41,

H.K. Govt. 4% loan, 44% H.K. Govt. 31 loan 99%,

SALES

H.K. Bank, $1330.

Antamok

THE WEEK

HONGKONG

SHAREBROKERS'

Volume of Business Transacted on Saturday, July 22, 1939 HK Banks .......... 10 1322.50 Trams - 200 16.50

sessions

12,688 11,596 14.295

28,202 24,678 28,854

Altogether for the frat six months of this year Malaya has shipped 247,088 tons as against 280,449 tons during Jan.-June, 1938, During last month the excess ship- ment which, with the carryover

ASSOCIATION for 1938 of 11.381 tons had amount- ed by the end of May to 14,212 tons, was reduced to about half this latter figure. As regards Cey- lon, during the first six months" of the year there. has, been an under- shipment of 1.227 tons which re- duced the excess shipment to 5,918 tons after taking into considera- tion the carryover of 7,145 tons at the end of last year.

PHILIPPINE GOLD MINING QUOTATIONS Saturday, 22, 1939

Atoks

11.00. 211

201

Artasnoks

221

BUSINESS DONE DURING

Bagulo Gold

21

3

Batong Buhay

013

Atoks

201

Benguet Consöl.'

221

Big Wedge

Baguio Gold

21

Coco Grove

24

Batong Bubay

0130

Consol. Mines

0015

Benguet Consolidated

11

Demonstrations

10

Big Wedge

211

IX. I.....

44

Coco Grove

24

Ipo Gold

181

Consolidated Mires......

0015

Itogons Mining .....

23

Demonstration

10

Mashates Consol.

124

I.X.L.

44

Mine Operations

12

Ipo Gold

161

North Camarines

25

Itogon Mining

231

Paracale "Gumaus

17

16-7/Bd.. 16-3/8d.

Masbate Consolidated

.12)

San Mauricio

93

Mine Operation

121

Surigao Consal.

21

North Camarines

254

Suyoc Consol

134

Parucale Gummaus San Mauricio ... Surigao Consolidated Suyoc Consolidated Sundicate Investment United Paracale Mindanao Motherlode

17

Syndicate Investment

032

93

United Paracales

422

21..

Mindanao "Motherjode

09

131

0320.

421 09

Silver-Little bear covering: Business small. Market Steady.

Spot ...

Forward

NEW YORK SILVER New York, July 22 (Reuter). Official Price, unquoted.

BOMBAY SILVER Bombay, July 22 (Reuter), Market-Quiet. Oftake 75 bars.

Ready

Indian Mint Silver

Aug. 11 Settlement Sept. 9 Settlement

11

45-12 45-06 45-00

DUTCH BANKS AMALGAMATE AMSTERDAM, July 22 (Reuter) Two of the biggest banks in the Netherlands are amalgamation,

It will be the biggest banking amalgamation in the history of the country.

PAID-UP CAPITAL $40,000,000.00 Chemical Engineers

(BEANCHES ALL OVER CHINA)

Owing to our numerous Branches

in China and connections in the

principal Commercial Centres of

To Have Congress

BERLIN, July, 23 (T/Ocean)

the World, we are able to extend Field-Marshal Goering has assum- to our Clients special facilities for ed the patronage of the Congress Domestic and Foreign Banking and of Chemical Engineers, which, will Exchange.

Head Office:-SHANGHAI

Hong Kong Branch;

4. QUEEN'S ROAD, C. South China Officen:"

CANTON SWATOW

KONGMOON TOISHAN

SHTUCHOW KINGCHOW

be held here from July 23 to 29. The congress is a sectional meet- ing of the "World Power Confer- ence" and will be presided over by Dr. Todt, inspector-general of German highways..

So far about 150 papers, have been received from the 12 mem- We also handle the issue of Bonds ber states of the World" Power and other Public Funds of the Conference for the forthcoming Chinese Gevernment both at Home Chemical Engineers Congress but and Abroad.

it is expected that this number will increase to 200 by the time. Manager, the latter opens.

SHOU J. OHEN,

POLISH LOAN

LONDON BULLION

It does not look as if there will be a meeting of the LRRC. prior to that scheduled in the ordinary way for the 25th, instant, and un- tl that takes place it is very dif- ficult to tell how the rubber due to the US.A. under the barter scheme is to be acquired. While this feeling of uncertainty "exists we do not look for much change in the London market.

Movements of Rubber in London and Liverpool for week ending July 8, 1939:-

London: Landed, 432 tons; De-

livered, 1,320 tona: Stock, 41,488

tons, Last year, 60,843 tons.

Liverpool: Landed, 175 tons; De- |livered, 1,004 tons; stock, 20,405

tons;"Last year; 31,624 tons.

New York.-Prices have moved within a range of a few points all week although the slight improve- ment in manufacturers demands bas continued, Estimates of USA. consumption for June. vary be tween 44/46,000 tons and most in- dications at present point to the The P. & O. Liner Comorin car-market remaining In a steady ries species valued at £39,500,"condition. Such condition should

SHIPMENT

London July 21 (Reuter).

Bilver

Bombay. £30,000.

Karachi, £3,300.

LONDON, July 23 (Reuter)-including: Colonel Adam Koc, Polish bank- er and head of the Polish econo- mic mission which is in London. visited the Treasury yesterday.

It is believed that the loan ne- gotiations have signature stage.

reached ..the

Aden, £3,300.

Port Said, £800, Hiafa, £700. Colombo, £500.

HONGKONG SHAREBROKERS'

ASSOCIATION

VOLUME OF BUSINESS TRANSACTED FOR WEEK ENDING

July 21, 1839

H.K. Banks

continue pending, the forthcoming meeting of the IRR.C.

LONDON METALS

EXCHANGE London July 21 (Reater)..

COPPER

buyers 2

sellers

ང་

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

3 months 43. 43-1/16 Electrolytie. 48-1/2 40-1/4

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

225

MONDAY, JULY 24, 1939 PAGE 13

PRESIDENT LINER

Sailings

FOR SAN FRANCISCO & LOS ANGELES":

via SHANGHAI, KOBE, YOKOHAMA and HONOLULU SB. PRESIDENT COOLIDGE" Sails July 29th mà 10:00 AM. SS." PRESIDENT TAFT"

บ

Aug. 12th at 8:00 AM.

88." PRESIDENT CLEVELAND" 8.S." PRESIDENT PIERCE"

++

Aug. 16th at 8.00 AM.

Sept. 9th at 400 P.M.

Sept. 23rd at 9.00 AM.

Oct. 7th at 8,00 A.M.

#

AS. PRESIDENT COOLIDGE S.S." PRESIDENT TAFT"

AND FORTNIGHTLY THEREAFTER

FOR NEW YORK & BOSTON

~ via SURZ

8.8.PRESIDENT MONROE". Sails "July 18th at 19 Noon S.S.PRESIDENT ADAMS "

Aug. 5th at 19 NOON

AND, FORTNIGHTLY THEREAFTER

F.OR MANILA

Sails Aug. 5th at 18 Noon

Aug. 6th at 2.00 A.M.

"

Aug. 19th at 9.00 A.M.

AS PRESIDENT ADAMS" 8.S." PRESIDENT TAFT " S.S. PRESIDENT CLEVELAND 8.S." PRESIDENT HARRISON" 11

Sept. 1st at 12 Nook

AMERICAN PRESIDENT LINES

"ROUND-WORLD SERVICE"

12, PEDDER ST.

THE

TEL. 28171..

CHINA-SIAM

!!

LINE.

HONG KONG-BANGKOK HELLAS" leaving Hong Kong 28th July via Kwangchowwan

HONG KONG-SWATOW-AMOY

1.8.

41.

1st, Aug.

Accepting Passengers & Cargo for all the above mentioned ports. HONG KONG-SINGAPORE-PENANG-BANGOON Regular Express Service HAI HING" leaving Hong Kong

Accepting cargo for all the above mentioned ports.

Excellent passenger accommodation available. For freight, passage rates and, all other information—Apply to:

THORESEN & CO., LTD.

General Agents,

Tel. 30237..

1j.

Queen's Building.

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 Passage spply

to the Agents: W. R. LOXLEY & CO., (CHINA) LTD. York Building.

Tel. 34165

SERVICES" "CONTRACTUELS DES

MESSAGERIES. MARITEMERK

CONSIGNEE NOTICE.

8.8. MARECHAL JOFFRE

18*A/99.

BRINGING CARGO, Fiom MARSEILLES via SAIGON, etc.

ARRIVED HONG KONG ON WEDNESDAY, THE 19TH JULY, 1939

SERVICE TO READERS

THE HONG KONG DAILY PRESS, LTD, and the HONG KONG WEEKLY PRESS, through their London Office, at 58, FLEET STREET, E. C. 4, Tel-

ONSIGNEES are aereby informed 3137, are prepared to give

that their goods with the exception

of Opium, Treasure and Valuables are Subscribers

being landed & stored into the Godowns

and Visitors

of the Hong Kong, Kowloon Wharf advice regarding accommoda-

& Godown Co., Ltd, Kowloon, whence

delivery may be obtained immediately tion available, motoring faci- after landing

All claims must be sent in to me on lities,

or before the 29th July, 1933, or

they

will not be recognized.

suitable____ shopping

Damaged Package will be examined centres, etc.

14-13716 by the Company's Surveyor, Möestu,

Union Ins

100

63 $1340.00 to

405.00

$1330.00

Electrics

1250.

54.50 to 54.00%

Hotels

500

5.40

China Lights (0)

600

8.25 to

China Lights (N) Trams

100

5:40

1200

18.00 to

16.55

Cements

500

12.60

Watsons H.K, Docks

1000

8.25

3 months 224-3/4

LEAD 8.10 | Foreign,

Oficial Price 14-5/8 Foreign, Omcial

3 months 14-3/4

SPELTER

14-11/16

100

17.00

Star Ferries

100

64.50

Providents

250

4.40

Wharves

10

104.00

Benguet Consolz

United Paracale

Suyoca

San Mauricio Itogons

North Camarines

500 Ps 10.40 to Ps- 5000. Ps 411

13000 Pa12) to PY

3526 P#93 to Ps. 47500 Pi 24 to Pr

5000 Ps 26

Ordinary,

Official Price 14-1/16 Ordinary, Official.

14-1/8

3 months 14-6/16 14-3/8 Final Afternoon Transactions Tin, Standard, Cash, £230 paid and sellers

Tin, Standard 3 months, £225- 1/4 paid and sellers.

Goddard & Douglas in the presence of If, when at home, they will

the Consignees at 1000 on Tues

day, the 24th July, 1939,

Consignees must have a Beventë

call or telephone to the above

Officer in attendance when any datiable address; they will receive the goods are examined by the Company atmost assistance and the

No Fire insurance, will be effected by latest available information on us in any case whatever,

all subjects of enquiry will be

ROHL

Areas Hong Kong, 19th July, 1959,

1564

placed at their disposal