1939-08-10 — Page 13

HONGKONG DAILY PRESS

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital $50,000,000 Issued & Fully Paid-Up 820,000,000 Reserve Funds:

Sterling

Head Ofice: HONG KONG

INDIA, AUSTRALIA

AND CHINA

Incorporated by Royal Charter, 1853 ...£3,000,000 Paid-Up Capital £6,500,000 Reserve Fund

£3,000,000 H.K. Currency Reserva $10,000,000 Reserve Liability of Pro Reserve Liability of

prietors

...£3,000,000 Proprietors....

..$20,000,000

HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.C.3 West End Branch: 14/18, Cockspur Street, 8.W.1. Manchester Branch: 62, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES:

HARBIN ALOB STAR

PENANG EDNG TONG BANGOON

RAIGON

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. S. 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,

t

ILOILO

KARACHI

'AGENCIES: KOM

FAMILIA PLACE

CANTON

KUALA

LUMPUR

XUCKING

MADEAS

AMRITSAR

BANGKOK

ΠΑΤΑΡΙΑ

IPOE

11

BOMBAY

CALCUTTA STÄNG

CLIVE STUERT

Chief Manager.

CAWNPORK

Branches:

CEBU

Amoy

Ipoh

Pensag

Bangkok

Johore

Rangoon

COLOMBO DELMI

MIDAN

Batavia

Robe

Bothbay

Kowloon

Saigon Saa

HAIPHONG

KAMBURG

Calcutta

Kuala

Francisco HANKOW

NEW YORK PRIPING

(Peking)

Canton Chefoo

Lumpur

Shanghai

London

Singapore Sourabaya Sungei

Colombo Lyons

Dairen. Malacca Foochow Manila

Patani

Haiphong Muar

Swatow

Bamburg (Johore)

Tientsin

Bankow

Mukden

Tokyo

Harbin New York

Tsingtao

Hongkow Peiping Iloilo

Yokohama

MANILA

BEREMBAN SHANGHAI SINGAPORE SITIAWAN

* BOURABAYA

TAIPING

TIENTSIN

TONGKAH

(BhuLot) THINGTAO YOKOHAMA

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNT 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 ACCOUsra also opened in Local Currency and Sterling with interest allowed at rates obtainable

CURRENT ACCOUNTS opened in ca application.. LOCAL CURRENCY and FIXED DEPOSITS

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

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

R. A. CAMIDGE, Hong Kong, 5th June, 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:

|

FINANCE

LONDON STOCK SINGAPORE EXCHANGE: VERY MUNICIPAL

QUIET SESSION

LOAN

REFRAIN FROM BUYING FROM JAPAN

CONTRACTORS”- NEW ASSOCIATION«

SUBSCRIPTIONS TO OPEN ON SEPT. 5

A plea to members of the Kim Singapore Municipal Commis-Tin Seah to continue to refram

a resolution to from purchasing building mat aloners passed borrow $5.000.000 at their meeting erials from the nation that had been waging an undeclared war recently.

against China was expressed by Mr. Ong Joo Buh, JP, at the tea party given by the Chinese build- ing contractors at their new club premises, "recently,

LONDON, Aug. § (Reuter)—— The London Stock Exchange. experiences one of the quietest sessions for some time owing to the absence of interest. Prices

nevertheless, were," generally firm, particularly rub bers, which tended to strengthen in sympathy with the improved United Kingdom stock position. The money is to be raised by Among the commodities, wheat the 'creation of debenture stock to was easy on reports of cooler be issued subject to the provisions Canadian weather, while cotton or the Municipal Ordinance. was not greatly affected by the publication of the United States Bureau of Agriculture

crop estimates.

Wall Street was firmer,

H. K. STOCK

EXCHANGE

The market continues dull and- inactive

BUTERS"

China Underwriters, $1. HK. Lands. 4% Debentures, par H.K, Electries, $534,

Canton Ices, $1.

H.K. Govt, 4% Loan, 102: HK. Govt. 33 Loan, 99).

SELLERS

Humphreys, $8 China Lights (0), $8.10

SALES

H.K. Bank, $1320.

PHILIPPINE MINING QUOTATIONS

Atoks

Antamoks

Bagulo, Gold

issued in The stock will be amounts of $1.000 and upwards. Bums above $1,000 will be exact multiples of $100 and no transfer of stock of an amount that is not an exact multiple of $100 will be registered

If approved by the Legislative Council, the loan will be open for subscription on Sept. 15.

The stock will carry an interest of 3 per cent, such interest to be paid halfyearly on Mar. 31 and Sept. 30 at the ofice of the registrar appointed.

Holders of the stock will rank pari passu in proportion to the amounts held by them respectively and without any preference or priority.

The stock will be redeemed at par on Sept. 30, 1959 when the holders will receive the full nominal amount of their respective shares

Extensions

Formally proposing the resoiu- tion to raise the loan, Mr. W. Bartley, the president, sald that in the early part of last year the Commisstones approved a scheme

Mr. Ong stressed that patriotism be the aim of every should Chinese. To realise that aim, Mr. Ong Joo Sun urged the members of refrain from purchasing build- ing materials from a ruthlead nation that had been ravaging China with over two years hostilities.

America Buys Silver From China

יה

WASHINGTON, Aug. 9 (Reuter)

ts understood that the -It

has contracted to Treasury purchase 6,000,000 ounces of silver from the Chinese Government at: the Treasury's buying rate for foreign silver prevailing at the time of receipt of the 'consign- ment

A message from New York states that it is understood that the Chinese silver is already en route

for the extension of the water- and that this arrangement had works. The proposed extensions been reached about a month ago.

were to increase the dry weather!

capacity of the waterworks from 22,000,000 to 31.000,006 gallons a

Centavox.

21

21

Batong Buhay

014

Benguet Consol,

10.80

Big Wedge

201

Coco Grove

23

Consol, Mines

002

Manager.

Demonstration

004

L. X. L

day.

16

231

"Manbulan Consol,

08

Masbate Consol.....

11

Mindanao Motherlode

081

Mine Operation

13

North Camarines

24}

the

Paracale Gummaus

151

San Mauricio

90

Surigao Consol.

22)

Suyoe Consol,

14

Syndicate Investment

02

42

THE CHASE BANK

18, 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.

V. M. GRAYBURN,

Chief ManagerInterest Rates on Application.

SAFE DEPOSIT BOXES

Hong Kong, 25th Feb., 1839.

BANK OF EAST ASIA,

LIMITED

Pald-Up Capital

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

Reserve and Undivided

Profits.

5,598,600.00

2,883,932.01

Head Office:-HONG KONG

This Bank is entirely owned by THE CRASE NATIONAL BANK, NEW YORK, with Resources over 1.8.22,500,000,000.

D. M. BIGGAR,

Second Fics Pre

No. 10 Des Voeux Road, Central NEW RULES TO

Board of Directors:

11

Sir Shonson Chow, Chairman

Li Koon Chan, Esq. Li Lau Sang, FAQ.

P. K. Kwok. Esq._

GOVERN P.W.D.

Wong Chu Son, Esq. CONTRACTS ·

Wong Yan Tong, Esq. Kan Ting Fo, Leg. Chan Ching Shok, Esq. Fang Ping Wab Esq.

Kan Tong Po, Esq., Chiat Mazagat,

Li TM Foug Beq, Manager,

ΑΠΟΥ

Batavia

Branches and Agencies :----

Kowloga

London

Maryla

Singapore Видроса Searabaya

Bestow Balgon Melbourne Sax Fran- Bydney

de antal

Vancouver New York Beattie Paris Semarang Felping

Shanghal

New rules have been framed by

a

11

the Minister of Communications and Works in regard to the giving out of P. W. D. contracts in Ceylon

In communique issued by the Minister, it is stated that was re- much public criticism

both im evoked

the cently State Council and in the Press as Every description of Banking and a result of the Public Works Exchange business transacted Loans Department tender scandal, where granted on approved securities.

Bombay

Calcutta

Haiphong

Haskow Kosolain

Kabe

a tender. had been deliberately Current Accounts opered in Locs! altered by an unknown person or Currency and Fixed Deposita re-persons with the object of prevent- ceived for one year or shorter ing the acceptance of that tender: periods in Local and Foreign Cur (as the lowest) by the Depart- rencies on terms which will be quoted on application.

SAFE DEPOSIT BOXES TO Lar.

BANK OF CHINA

ment

Ipo Gold

Itogons

United Paracale

PHILIPPINE GOLD MINING

"QUOTATIONS

Atoks

Centavos.

21

Antamoks

22

Baguio Gold

21

Batong Buhay

014

Bengue: Consol

Big Wedge

Coco Grove

23

Consol. Mines

"Demonstrations

09

L. X. L.

44

Ipo Gold Itlogions

18

Manbulão Consol,

06

Masbate Consol.

11

Mine Operations

13

North Camarines

23

Paracale Gummaus

151

San Mauricio

20

Surigao Consel.

Suyoc Consol,

14

Syndicate Investment

United Paracales Mandanas Motherlode

HONGKONG

The estimated cost of the works was $5,870,000 and it was agreed that $670,000 should be met from revenue and $5,000,000 from loan of funds.

Government had agreed that, as

extensions proposed

permanent

LONDON GOLD

London, Aug 8 (Reuter).

Bar Gold, Fine per oz. 148/64. Dollar parity, 1d. premium.

Were CONSIGNEES' NOTICES

the

works under Ordinance, they might be defrayed from loans to the extent of $5.- 000,000* *****,

NORDDEUTSCHER LLOYD BREMEN,

WEEKLY WHEAT THE Steer

"SCHARNBORST"

REPORT

Liverpool, July 25. REYNOLDS AND GIBSON WHEAT

st

BREMEN, having arrived from HAMBURG and Ports, consignees of cargo are hereby notified, that their cargo is being landed their risk into the godowns of The Hong Kong & Kowloon Wharf & Godown Co., Ltd., Kowloon, Where delivery can be obtained,

All goods remaining undelivered after the 18th Aug, 1939, will be subject to rent.

NO. FIRE INSURANCE. will be effected by naît any case whatever,

Damaged packages must be left in the godowa for examination by the con- ignees and the Company's surveyors,

era. Anderson & Arbe, at 10 m.in. on the 14th Aug., 1939,

Consignees must have a Revenue Officer in attendance when damaged datiable goods are examined by the Company a surveyors.

LIVERPOOL--Prices have shown 10.50 some irregularity but the general 201 tendency has been to move fur- ther downwards. Demand has .0025 been

very quiet while shippers have continued to offer freely.

No important news has come to hand regarding growing crops. In 23) the USA. Winter belt harvesting has been made good progress. In the Spring areas the weather has been less favourable but there has been no marked deterioration, In some districts excessive heat has

No claim will be admitted after the proved detrimental; particularly in

goods have left the godown and all Montana and on the North Pacific claims must be presented within To Coast, while in parts of South Da-Weeks of the ship's arrival here, after 028kota and Wyoming a considerable 41) amount of wheat has been prema-

turely harvested to prevent fur- their Bills of Lading to the undersigned

for countersignature. In ther grasshopper" damage. Canada there is little change but this month, has proved pretty dry so far and soaking rain is needed before the end of the month to prevent damage. Farvesting in the South should begin shortly,

SHAREBROKERS'

ASSOCIATION

Volume of Business Transated. on Wednesday, An. 9, 1989.

5,000 Pa 0.15 5,000 PS, 0.231

Buyors Itogonis

SILVER MARKET·

London, Aug 8 - (Reuter).

LONDON SILVER Silver-Bears covered.

India

As regards European crops, "pro- spects are very mixed but it would appear that outturns are, in "the main, likely to be smaller than last year. Latest estimates put the yield in Europe (excluding Rusada) as 1,648 million bushels against 1,840 million bushels year ago, a reduction of 192 mil-

#

Full Inquiry Minister of Communica- The KAN TONG PO,

Chief Manager. tions and Works has accordingly caused full inquiry to be made into the circumstances of this fraud. The Police have however unfor- tunately failed, owing to want of evidence, to trace the person or persons responsible for the fraudu- bought and sold. America sold, bushels: Last year's crop, lent alteration so that If has only Market steady. After the Bxing, been possible to take steps to the market was dull on some in-chases in the belief that the price prevent similar occurrences in dian and local offerings, but sellers were not pressing. There was small business at the rate.

Spot, 18-7/80, Forward, 16-3/160.

Specially Chartered by THE NATIONAL GOVERNMENT

OF CHINA AS AN INTERNATIONAL EXCHANGE

future.

BAŃK

This has involved a compléte ex- PAID-UP CAPITAL $40,000,000,00

amination of the procedure (BEANCIOS ALL OVER CHISA). Owing to our numerous Branches adopted so far by the Public in China and connections in the Works Department in regard to principal Commercial Centres of contracts and a radical alteration the World, we are able to extend of those steps in the procedure to our Clients special facilities for which would leave any room for Domestic and Foreign Banking and

traudulent practices by persons Exchange,

within or without the Depart-

Head Office:-SHANGHAI Hong Kong Branch:

4, QUEEN'S ROAD, C. South China Offices:

CANTON SWATOW

SHIUCHOW

KONGMOON TOIBHAN KINGCHOW

ment.:

L

Work on the proposed extension of the Szechuen-Yunnan highway westward to link up with Bikong

NEW YORK SILVER New York, Aug. 8 (Reuter). Official Price, 34-3/4. -

BOMBAY SILVER Bombay, Aug. 8 (Reuter). Marketulet, takes barz

Indian Mint Silver Ready.... Sept. 9 Settlement Oct. 7 Bettlement

45-10 45+05 45-00:

We recommend scale-down pur- however, was abnormally large.

is far too low and that a halt must soon be called in the present suicidal policy of subsidizing ex- ports regardless of cost,

Stock of Wheat in Liverpool: This week 842 loads, last week 822 loads,

Chicago. Business has been quiet and the tone casy. Hedging pressure and long liquidation re- the sulted in a further decline in

which date they will not be recognised.

Consignees are requested to surrender

MELCHERS & CO. Agents:" NORDDEUTSCHER LLOYD, BaskuN. Hong Kong, 8th Aug., 1999.

COMPAGNIE DES MESSAGERIKS MARITIMES

CONSIGNEN NOTICE,

8 MIN." 9°120/39.

BRINGING CARGO FROM DUNKIRK và RAIPHONG ot

ARRIVED HONG KONG THURSDAY, 2# 35 AUG., 1939.

ONBIGNEES are hereby informed that their goods with the exception of Opium, Treasure and Valasbles Kes being landed & stored into the godown of the Hong Kong Kowloon Wharf and Godown Co., Ltd., Kowloon," whence "obtained immediately delivery may be after landing.

All Claims must be sent in to me on

will

or

before the 19th Aug, 1939, or they

THURSDAY, AUGUST 10, 1939. —PAGE 13

PRESIDENT LINER

Sailings

Sails

FOR SAN FRANCISCO & LOS ANGELES vis SHANGHAI, KORB, YOKOHAMA and HONOLULU 88. PRESIDENT TAFT" S.S." PRESIDENT CLEVELAND" KS. "PRESIDENT PIERCE “ RA. PRESIDENT COOLIDGE 8.S. "PRESIDENT TAFT "

Aug. 19th at 8.00 AM, Aug. 96th at 8,00 AM. Sept. 9th at 400 P.M.

Sept. 3rd at 9.00 A M... Oct. 7th at 800 A.M. Oct. 31st at 8,00 AM.

AND FORTNIGHTLY THEREAFTER

SS. "PRESIDENT CLEVELAND "

FOR NEW YORK & BOSTON

VIR SUES

8.8. "PRESIDENT VAN BUREN" Sails Aug. 17th at 12 Noox Sept 1st at 12 Noos PRESIDENT, HARRISON "

S.S.

AND FORTNIGHTLY THEREAFTER

FOR

MANILA

SS. "PRESIDENT CLEVELAND " B.B. "PRESIDENT HARRISON"

·88. PRESIDENT PIERCETM S.&." PRESIDENT COOLIDGE"

Sails Aug. 18th at 2.00 A.M.

Sept. 1st at 12 Noon

++

Sept. 3rd at 2:00 AM.

Sept. 18th at 1.00 AM.

AMERICAN PRESIDENT LINES

"ROUND-WORLD SERVICE”

12, PEDDER ST.

Triestin

Lloyd

TEL. 28171.

FORTNIGHTLY

EXPRESS

SERVICE

FAR EAST-INDIA-ITALY

Hongkong-Landon 13 days 21 days Hongkong-Italy

SCHEDULE OF SAILING FROM HONGKONG.

TO MANILA, SINGAPORE, COLOMBO, BOMBAY, EGYPT & ITALY

TO SHANGHAI

19th Aug. 4. "GIULIO, CESARE” 23th Aug. m.v. "VICTORIA". 5.8. "GIULIO CESARE 1st Sept... "C. BIANCAMANO" 10th Sept. 1.L. CONTE VERDE" 22nd Sept. 7th Oct. m., "VICTORIA" 3.2. "CONTE ROSSO" 29th Ost

"C. BIANCAMANO" 16th Sept. CONTE VERDE" 29th Sept:

14th Oct. m.v. "VICTORIA"

LLOYD TRIESTINO

P.O., Box 143, Tel Address "Lloydiano"-Telephones 39982 Passenger

37983 Freight

HAMBURG-AMERIKA LINIE

Far Eastern Mail, Passenger & Freight Service

Through bookings to America via Europe and Europe via America. Through bookings to London. Bookings around the world,

OUTWARD SAILINGS

mv. "RAMSES".

for Shanghai, Dairen, Thama, Kobe

18th Aug,

...29th Aug..

* m.v. “KUMERLAND"....for Bhanghai, Dairen, Taku,

Y'bama, Kobe ......

HOMEWARD SAILINGS

M. BURGENLAND" for Gença, R'dam, Hamburg ... 21st Aug. "SAARLAND"...for Genos, Antwerp, R'dam, 'H'burg 8th Sept.

Freighter with Passenger Accommodation.

For further particulars and passage farra, etc. apply to -- HAMBURG AMERIKA LINIE

JEBSEN & CO., Aazars.

13, Fedder Street, Tel. 312056.

CANTON AGENTS: CARLOWITZ & CO., Shakee Road.

not be recognized, photog Damaged Package will be examined prices. The movement of Winter crop is, however, now past by the Company Surveyors, Meurs. Goddard & Douglas in the presence of Its peak.

Winnipeg A low export bust- the Consignees at 10.00 am, ness and keen Argentine and Wednesday, the 9th Aug. 1989 AP

Consignees must have. Bevens United States competition In-Officer in attendance when any datable danenced quotations adversely. goods are examined by the Company's

No Fire Insurance

R.-OHL and other Public Fanda of the on August 1 under the joint immense importance to the econ- estimate by the Baskatchewan Okiname Government both at Home auspices of the Ministry of Com-omic development of far-on 81-Pool of an outturn of 253 millon us in any case whatever and Abrond,

mmunications, the Turinan Provin kong and will lend an Impetus to bushels for that province as com-

reconstruction pro- pared with 134 million bushels Hong Kong 3rd Aug., 1883. WYOU 1, CHEN, Icial Government and the Bikong the economic

year ago, Manager, Provincial Government. The programme in the south-west,

We also handle the issue of Bondsovince, was expected to begin posed highway is regarded as of Sentiment was also impaired by an Burveyors, was will be effected by

VISIT BALI AND JAVA

Favourable Month To Travel AUGUST

Special Excursion Fares On Application SAILINGS

TO MANILA, BALI, MAKASSAR

AND SOERABAIA-

[

ES TJITJALENGKA’29th Ang. TO BATAVIA (DIRECT) 8.8. "TJIBADAK": 22nd Aug. TO AMOY & SHANGHAI STJIBALAK:

11th Aug

For Freight & Pamnge Bat

SO JAVA-CHINA-JAPAN LIIK:

Apply:

HONGKONG-CANTON—SWATOR AMOT

Macao Agent

H. NOLASCO DA SILVA.

2230OW

LIJN EXPRESS SERVICE