1939-08-02 — Page 13

HONGKONG DAILY PRESS

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION...

་་་

Authorised Capital.................... $50,000,000

INDIA, AUSTRALIA

AND CHINA

Tatted & Fully Paid-Up $20,000,000 |..“ '

Incorporated by Royal Charter, 1855

Beserve Funds:

Sterling

Paid-Up Capital £8,500,000 Reserve Fund

..$20,000,000

Head Office:-KONG „KONG"

£3,000,000 £3,000,000

£3,000,000

H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of

prietors Proprietors

HEAD OFFICE: LONDON: 38, Bishopsgate E.0.2. Sub-Agencies In London: 117/199, Leadenhall Street, E.C.3. West End Branch: 14/16, Cockspar Street, 8.W.1. Marichester Branch:

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

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,

Chief Manager.

Branches:

Penang

Rangoon

Baigon

Amoy

Ipoh

Bangkok

Johore

Batavia

Kobe

Bombay Kowloon

San

Francisco

Canton Lumpur

Shanghai

Calcutta, Kuala®

Chefoo

London

Singapore Colombo Lyons Bourabaya Dairen Halacoa Sungei Foochow Manila. Patani Haiphong Muar Swatow Hamburg (Johore) Tientsin Bankow Mukden Tokyo Harbin New York Tsingtao

Yokohama Hongkow Peiping Iloilo

"

52, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES :

ALOR STAK AMEXTRAR

HABRIN

HONG HONG ILOILO

PENANG

RANGOON

MAXGXOX

MAIGON

BATAVIA

ΠΡΟΣ

SEREMBAN

BOMBAY

GALUUTTA

KARACHI

SLATO

SHANGHAI

AGENCIES: FÖRE

CLAVE STREET

KUALA

FAIRLY PLACE

LUMPUR

CANTON CAWXPORE CU

COLOMBO

·DELHI.

HAIPHONG HAMBURG HANKOW

KUCHING MADRAS MANILA.

MKDAN NEW YORK

PRIPING

(Peking)

KINGAPORE UITIAWAN POURABAYA TAIPING TIENTSIN TONGKAH

(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 at rates which will be quoted on application.

Savings Accounts also opened in Local Currency and Sterling with interest allowed at rates obtainable

CURRENT Accorers opened in on application. LOCAL CURRENCY and FixD 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 terme 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. Born in various aires To Dr

R. A. CAMIDGE; Hong Kong, 5th Juņa, 1937,

HONGKONG SAVINGS

BANK

Manager,

THE CHASE BANK

The Businca of the above Bank 15, QUEEN'S ROAD, CENTRÁL

is conducted by the HONGKONG

& SHANGHAI BANKING COE- PORATION. Rules may be obtain-

ed on application.

For the HoxoKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 8th Feb., 1939.

BANK OF EAST-ASIA,

LIMITED

Authorised Capital......$10,000,000,00 Faid-Up Capital ........ 5,588,000.00 Reserve and Undivided

Profits

2,883,932.01

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

Board of Directora:

Bir Shouson Chow, Chairma

Li Koon' Chan, ) Ea Li Lan Bang, Eng P. K. Kwok, Esq. Wong Chu San, Bag, Wong Tun Tong, Esq. Xan Ting Po, Lay." Chan Ching Shok, Esq. Fung Ping Wah Eaq.

Kan Tong Fo, Esq., Chief Manager. Li Two Fong, Enj., Kanagar.

Branchos and Aganolaş :--

Kowloon

العبي

HEAD OFFICE:

18, PINE STRAKT,

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.

LONDON STOCK

EXCHANGE

Moderately Active Trading

LONDON, Aug. 1 (Reuter)— On the Stock Exchange yester- day, Home Industrials advanc= ed brishly in moderately active trading on the expectation of * further Improvement employment figures, ~\ Guit-edged,

however. drifted lower. Kafirs were generally 'steady and in commodities, wheat was firmer

under

owing to

"bear"" covering reports of higher temperatures in the United States and Canada, Wall Street WOW.. quietly steady.

AUGUST BANK

HOLIDAYS

HonThong Áng 1 On August & all markets, except foreign exchange, gold, silver and discount money will be closed in London Cotton and wheat mar- kets will be closed in Liverpool.

On August 7 ali markets will be closed in London, Liverpool and Singapore,

SHANGHAI EXCHANGE RATES

"Shanghai, Aug. 1.. After the "clase, there werė a few seilera for August at 4-1/934.

U.S. PETROL CONSUMPTION

LONDON, July 18 (By Air Mail) -Statistics Issued by the American

Bureau of Mines show that the domestic production of petrol during May amounted to 51,384,000 barrels, against 48,837,000 in April.

Consumption during May totalled 49.547,000, against 43,977,000 in the previous month. while. exports amounted to 4,390,000 compared with 3,663,000. barrels in April.

-

SHAI NANKING: RAILWAY

Interests Of British

Bondholders

FINANCE & GENERAL

LONDON, Aug. I (Reuter) Replying to A question in the House "of Commons yesterday, Mr. RA Butler, Under-Secretary for

Foreign Affairs, said that further representations had been made to the Japanese Government by gir Robert Craigle, the British Am- the refusal D. M. BIGGAR, ・bassador," concerning

Second Fica Prak by the Japanese authorities to allow an inspection and survey of the line of the Shanghai- Nanking Railway Company, which was required in the interests of British bordholders.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Office:~15, Gracechurch Street, London, EC.J Authorised Capital

£1,000,000 Subscribed Capital

£1,800,000. Paid-up Capital ..... Reserve Fund and Best,

BANKERB:

£1,050,000 41,252,770

The Bank of England and Midland

"

·Bank, Ltd.

BRANCHES:

Amor

Batavia Bombay Calestia Helpbong Hankow

London

Hoandler Zobe

Permar Bingapore Bangoon Balron Malbourne San Fran. Jaguanka New York Beattle

Part

Bening Thangha

Bourabaya

Herstor

Bangkok

tpob

laco

Combay

Calcotia Colombo

Kuantar

Kandy Karschl

Priping

ZBAROŻNA

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

Curient Accounts opraad 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.

SAYE 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

Delhi

Hongkong

LONDON GOLD

London, July 31 (Reuter), Bar Gold, Fine per oz., 148/04. Dollar Parity. 1d premium.

Kasis Treng HONGKONG

Mudra

New York

Penang Rangoon Shanghai

Kota Bharu Kuala Lipis Howrah Kuala Lumpur Singapor

HONG KONG BRANCH: " Every descripden of Banking and Exchange bude transacted.

Travellers: Cheques fwand,

TRUSTEE AND EXECUTORSHIP

UNDERTAKEN

QUERENT LOCOUNTS Opened in Local Cur- TRWY 3 FIXED DEPOSITS received fa Lensi CUTIICY, SVERING & V. 8, DOLABS on berima that may be securtsited as application,

D. BENSON..

NORTH CHINA CUSTOMS

SHAREBROKERS'«

ASSOCIATION

Volume of Basiness Transcted

600 $53.75 FK Electrics

100 HK. Docks .......................

18.30 Consol, Mines... 200,000 0.02 ctva.

OF NEW METHOD

STORING BLOOD

Voluntary Donors Receive $20

The Negri Bemblian Govern- ment recently purchased, at a cost of $350, a new refrigerator which by the use of a new process, will preserve placental blood (available

H. K. STOCK EXCHANGE

"The market continues quiet but with a slightly better engizzy.

AUTERS

China Lights (0), $7,90. Cantón Ices, $1. Govt. 4% Loan" 103 PX. Int. Govt. 31 Loan 19).

SELLERS

China Underwriters, 31.36. Humphreys, 38. China Lights (0), $8.20.

SALES"

Hongkong Banks, $1325 H.K. Docks, $16.30. HK. Trams, $18.70. Watsons, 36.

PHILIPPINE MINING » ·

QUOTATIONS

Antamoks Atoks

N.Z. FINANCE® .PROBLEMS

URGENT NEED FOR

SOLUTION

Without, much, further delay, i will now be hoped, a satisfactory solution will be found for the financing problems confronting the New Zealand Gövernment

In the course of his London vikit Mr. Walter Nash, the Dominion's Finance Minister, has discussed every aspect of the problems con- fronting his Government with the appropriate authorities

on this

side. All that, now remains is for a practical arrangement to be made.

The need for dealing with New Zealand's Anancing "problems is urgent not merely from the point of view of the Dominion itself--- the stage has already been reached when rationing of the meagre sup- plies of avaliable sterling has begun--but for the health of the

014 giltedged 'market, where the 11.00 | knowledge · that 靄 large scale

Centavos.

241

Bagulo Gold

21+

.Batong Buhay

Beng. Consolkiated

Big Wedge

221

Coco Graves-.

24

Consol, Mines

Demonstrationk

10 ..

I I L

434

Ipo Gold

181

IMOBOLA

24

Mambulao Consolidated

Masbates

12

Mind. Motherlode

081

Mind Operations

North Camarines

25

Paracale Gumaus

"161

San Mauricio

DI

Surigao Consol

25

Buyoc Consol,

141

Syndicate Investimient

032

United" Paracales

444

W

PHILIPPINE GOLD MIDCING

QUOTATIONS:

Atoks

I, X. L

operation is under discussion, la ‘a serious depressing auuence,

Up to the present too much time. has been wasted in dragging the New Zealand problem into the arena of politics; it should surely need no emphasising that the attitude of the City towards the Dominion's loan requirementa is governed entirely by anancial con- siderations

What concerns the City and the investor, who must ultimately call the tune, is not the social policies of Mr. Savage's Government, but their economic and financial con- sequences. So far the results have not been pleading, New Zealand's sterling balances having suffered a heavy drain;

Case For Compromise Whenever the credit of our Dominions is in question, concern extends far beyond the holders of the loans themselves. without probing all the 'causes which have 014 contributed to the problem which 11:00 New Zealand has to face, one, may legitimately feel that there is as much need for the Govern- 003 ment of New Zealand to appreciate the position in this country as for our fully realising New Zealand's difficulties.

WEDNESDAY, AUGUST 2 1939 -PAGE 13.

PRESIDENT LINER

Sailings

FOR BANFRANCISC0

Aug. 18th 19 200 AEL.

N LOS ANGELES „ViB SHANGHAI, KOBE, TOKOHAMA and HONOLULU 8.8. " PRESIDENT TAFT** Saila Aug.th at 8.00 AM S.8.RESIDENT GLEVELANE"? AS." PRESIDENT PIERCE ** 88. PRESIDENT COOLIDGETM 8.S." PRESIDENT TAFT = 8.8. PRESIDENT CLEVELAND *

AND FORTNIGHTLY THERMA

Sept. 9th at 400-PM.

Seps. 93rd at 9.00 AM, Oct. 7th at 800.AM. Oct. Slab at 800 A.M.

FOR NEW YORK & BOSTON via Strz S.S. PRESIDENT ADAMS," 88. "PRESIDENT VAN BUREN"

Sails Ang., 5th at 12 Noor

Aug. 17th at 19 Noor,

AND FORTNIGHTLY THEREAFTER

FOR MANILA. PRESIDENT ADAMS" S.S. "PRESIDENT TÄFTE

88

9.8. "PRESIDENT CLEVELAND " *8.8. * PRESIDENT HARRISON "

Sails Aug. 5th at 12 Noor

Aug. 5th at

Aug. 19th at 9.00 A.M. ⠀ Sept. 1st at 18 "Noor

AMERICAN PRESIDENT LINES

"ROUND-WORLD SERVICE"

12, PEDDER ST.

TEL. 28171.

THE BEN LINE STEAMERS, LTD

S.S. "BENRINNES"

10

Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG" and LEITH on about the 6th August, 1939.

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

For Freight and Passage apply

Tuesday, Aug. 1, 1939,

Centavos

Antamoks

Baguio Gold

241 211

Batong Buhay

Beng Consolidated Big Wedge

224

Coco Groves

24

Consol, Mines.

Demonstrations

10

431

"Ipo Gold

161

Itogons

25

Mambulao-Consolidated

07-

Mashates

12

Mind Operations

13

North Camarines

26

91

Surigao Consolidated Buyoc Consol,

25

There can surely be no con-

14)

Byndicate Investment United Paracales" Mind. Motherlode Paracale Gumails

032

inion's pressing needs without an

441

087

161

assurance that the conduct of New Zealand's finances will be along lines ensuring a speedy restora- tion of a balanced financial posis. tion.

NORDDEUTSCHER LLOYD BREMEN.

"THE Steamer

"AUGSBURG"

BREMEN,

Barr Mauricio.

The vital question at the moment, seems to be whether the authorities in "New" Zealand are willing to pursue a course which will reassure investors as to the fature.

to the Agents: --

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

Tel. 34165

fidence in a solution of the Dom-CONSIGNEES' NOTICES CONSIGNEES' NOTICES

That is a common sense point of T

1,000 Men In view and it seems unthinkable that

Mass Flight

TRAINING "TRIP

"

OVER FRANCE LONDON, July 15 (By Air Mail) -More than 1,000 - men of the RAF, including 300 pilots, are to take part in the second training fight by British bombers " over France, which will probaby take place next week.

The number of planes taking part has not been decided, but is expected to exceed considerably the 120 bombers which few over France on Tuesday.

Medium and

heavy bombers, with full war-load,, will again be used, the long-range craft flying to a point in the extreme south of France and returning to their home bases non-stop--#--Journey of about 2,000 miles.

The aircraft will fly only over French territory..and will not at any point pass over the Mediter

ranean."

TO POLAND

NEXT LONDON, July, 15 (By Air Mail) An era of Anglo-French air, land and sea co-operation; on a scale different nations in times of peace, dawned yesterday with the successful completion of fights by

„NOTICE" TO CONSIGNEES

PENINSULAR AND "ORIENTAL STEAM NAVISATION Ca's STRANGER GREETHAGE"

ARRIVED HONG KONG on 2 AUG 1999,

Fox GIBRALTAR, ·MAR

PORTBAID.

· MALTA,

New Zealand will not be ready to having arrived from appreciate it and act upon it. The HAMBURG and Ports, consignees resources of the country are great of cargo are hereby notified that

their cargo is being landed at LONDON, and have always been expressed their risk into the godowns of The SEILLES in the high credit she has enjoyed. Hong Kong & Kowloon Wharf & ADEN, COLOMBO, L4D STRAITS but facts are stubborn things both Godown Co., Ltd., Kowloon, Whers regarding immediate dificulties to delivery can be obtained.

elivery danhus onsdelivered after be faced and the attitude of in- vestors in times such as the pre- the 6th Aug, 1999, will be subject

sept

£600 Price On Varsity

to rent.

NO FIRE INSURANCE will be affected by us in sy oman whatever.

Damaged packages must be left in the godown for examination by the con signees and the Company's carreyan, Mosura, Ariderson & Ashë, at 10 am, un the 5th Aug., 1839...

Consignene must have a Revenue Officer in attendance when damaged

"YONSIGNEES" of "Cargo" thể

Nove-named Vessel so hereby us formed that their Goods are being and placed at THEIR KIEK in the Hong Kang and Kowloon Wharf and Godown Company's Godowns at Kowloon wh each Consignment will be sorted out Kark by Mark and Delivery can be obtained as the Goods are landed age

Optional Goods will be landed here unless instenstions have been given ta the contrary Bix Hause before serial the steamer.net

Chief's Head defiable goods are examined by the

Comp will be admitted after the rent

"

No

surveyors.

Goods not cleared within 6 days ima cluding date of arrival will be subject to To Fire Insurance will be effected by su in say chan whatever.

goods have left the godown and all alaims must be presented within Two Weeks of the ship's arrival hare, after Damaged Packages must be left which date they will not be recognised the Godowns for camination by the Consignees are requested to surrender Consignees and the Company's verom hair Bills of Lading to the undersigned Messrs. Gonnäan & Dorazia, as 10

on Mondays and Thursdays, within th for countersignature.

Free Storage periodenja

"MELOHEES & 00 Agents: NORDEUTSCHE Lażyn, Examen.

Reward of £600 was offered recently for the capture "dead or alive" of dapper President Smith, of Louisiana State University who has vanished with £200,000 belonging to the University. G-Men" are hunting for the University chief from coast to coast, and the U. S police have Hong Kong, 30th July, 18o9. * saked the Canadian authorities all vessels reaching to search Canadian ports.

Folice believe Smith may also be able to help them investigate a State financial scandal involving £2,000,000, 2000,

Detectives are searching Detroit

PAID-UP CAPITAL $40,000,000.00 Japan Disappointed: at denvery) for use in cases where never before known between two following a report, that a woman

(BRANCHES ALL OVER CHINA) Owing to our numerous Brandžas in China and connections in the principal Commercial Centres of 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 Ofices:

Tariff Revision

· PEIPING, ́ÂUg. 1 (Beuter)-*** Japanese sources report that “ a third revisio of North China Customs · tariff · ́ since <their 'occupation is to be a

nounced shortly; as the two Bevisions during the Inst eighteen months "failed, fully to satisfy the requirements of: the New Order to the East.” Japanese imports into North China In 1938 amounted to 13,

blood transfusion is necessary. This will obviate the dimculty of organising a body of voluntary

donors of blood.

The new method, recently made known to the medical profession,

120 RAF bombers over French territory.

Air Line In West Indies

islands.

Consignees are specialty rotiled it in xiecessary for a Berenus Ques be present at the examination of dam dutiable cargo

“All Claime against the Stommer mus be presented to the Undersigned eno | before, 23rd Aug... 1839, or they:

not be recognised reporting

Bo Guinn will be admitted affa Goods have left the Golowa; MACKINNON, MACKENZIE V

Agency

Hong Kong, Sud Aug, 1900

The Colonial Office says the DONT FORGET

LONDON, July 10 (By Air Mail) resembling Bmith's wife had-The British Government have been trying to establish an air line bought a car there.

The woman gave the name of in the West Indies to service the Mrs Southern. A man calling himself Mr. Southern had earlier bought two train tickets for Detroit delay Is the fajult of the Air

Ministry. The Air Ministry says it' in Memphis."

Smith was appointed University it is the fault of the Colonial President five years ago by Huey Office Long. dictator of Louisiana, who was late assassinated.

The supreme eficiency and the is one of far-reaching importance. clockwork precision with which Referring to the new method, the exercises were performed--and the Negri Betabllan Finance Com- that at only a few hours notice mittes, in their proceedings re- sets the seal on vastly more am- cently issued, say "A method of bitions plans for the future, Other collecting and storing placental allled countries, including Poland, blood suitable for use in hospitals are to be taken into the scheme. It is reported by Reuter from has only recently been published

Twelve squadrons took part in Budapest that an investigation is and immediate adoption of this yesterday's exercise over. France, being made into the shooting incl We also handle the issue of Bends00,000, which is double that of method would save many infant Now there will be regular exer-dent on the Hungarian-Ramanian

cises almost weekly, if not dally frontier. The Hungarian version and other Pablie. Funds of the the previous year, while exports to and adult Ures every year."

Voluntary donora, of blood in during the summer months. The that Rumanian frontier guards Chinese Government both at Home Japan totalled $164,000,000, about,

the name as the year 1937, which Negri Sembilan now receive $20 French Government are co-fired on Hungarian guard, yester oid Abroad.

AHOU CHEN, trend is likely to be accentuated from Government when the operating closely in all these day morning and the latte patient is too poor to pay the fee. plans. Manager, by the new tarin.

CANTON

SWATOW

KONGMOON TOISHAN

BHTUCHOW KINGCHOW,

swered the fire.

The report of the West Indies Commission, which will be present- ed this year, will contain a recor- mendation that an air line should be established at once. Sale New Ordérő-

The Air Ministry has placed an der with the Fafrey Avia Co

for fourteen of the Eners now in

tion in the company's works at Hayes, Middlesex,

THAT WHEN

are at Home

get the

HONG KONG DAILY PRESS

SELFRIDGES