1939-08-31 — Page 13

HONGKONG DAILY PRESS

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital......... $50,000,000 Issued & Fully Paid Up $20,000,000

Reserve Funds:

Sterling

£6,500,000

INDIA, AUSTRALIA

AND CHINA

Incorporated by Royal Charter, 1859

Paid-Up Capital Reserve Fund

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

Proprietors

.......$90,000,000

Head Office:-HONG KONG

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

W. H. Lock, Esq.

Chairman. Deputy Chairman.

Hon. Mr. J. K. Bousfeld,

A. H. Compton, Esq.,

Hon. Mr. S. H. Dodwell,

D. F. Landale, Esq..

G. Miskin, Esq.,

K. S. Morrison, Esq.,

Hor. Mr. T. E. Pearce,

H. V. Wilkinson, Esq.

Sir Vandeleur M. Grayburn,

Chief Manager.

prietors.....

£3,000,000 .£3,000,000

£3,000,000

HEAD OFFICE: LONDON:

38, Bishopsgate E.C.2. Sub-Agenoles In London: 117/122, Leadenhall Street, B.C.a West End Branch:" 14/16, Cookspur Strest, B.W.1. Manchester Branch:

19, Moulay Street, Manchester, 2.

AGENCIES AND BRANCHES:

HARBIN

PENANG BONG HONG INGOON ILOILO

ALOE STAN AMRITSAR MANGIOX BATAVIA BOMBAY CALCUTTA

IPOB KARACHI KLANG

AGENCIES: KOM

CLITE STIKY FAIRLIN PLACI

KUALA

LUMPUR

ICCHINO MADXAS

Branches:

CANTON CAWNPORE CAC

Amay

Bangkok.

Johore

Penang Rangoon

MAKILA

COLOMBO

DELFIX

.MEDAN

Batavia

Kobe

Bombay

Calcutta

Kowloon Kuala

Baigon San

Francisco

HAIPHONG HAMBURG HANKOW

Canton

Lumpur

Shanghai

Chefoo

London

Lyons

Singapore Sourabaya Sungei

Colombe

Dairen Malacca Foochow Manila

Haiphong Muar Bamburg

Rankot Harbin Hongkow

. Ilailo

Patani Switow (Johor) Tientsin Mukden Tokyo New York Tsingtao Priping Yokohama

་

CURRENT ACCOUNTS opened in

on

NEW YORK PRIPING

(Peking)

KAIGON

KEILEMBAN SHANGHAI

SINGAPORE BITIAWAN BOURABAYA TAIPING TIENT IN PONGKAR

(Bhuket) TEINUTAO

- TUKOBAMA

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNT opened and FIXED DEPOSITS received for One Year or shorter periode 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 cn application..

LOCAL CURRENCY 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 terms which will be British Income Tax overpaid, on quoted on application.

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

R. A. CAMIDGE,

Hong Kong, 5th June, 1939.

HONGKONG SAVINGS

BANK

Manager.

THE CHASE BANK

The Business of the above Bank) 18, QUEEN'S ROAD, CENTRAL, is conducted by the HONGKONG

& SHANGHAI BANKING COR PORATION. Rules may be obtain-

ed on application.

For the HoxGKONG & SHANGHAI

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

Reserve and Undivided

Profita

5,568,600.00

........ 2,883,93203 !

Head Office:--EONG KONG

No. 10 Des Voeux Road, Central.

Board of Directora:

Sir Shouson Chow, Chairman

Li Koen Chun, Esq. Li Lan Sang, Ex P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Yan Tong, Esq. Kan Ying To, Esq. Chan Ching Shuk, Esq. Fung Ping Wah Esq. Kan Tong Fo, Esq., Chist Managat. Li Tas Fong, Esq., Manager,

Amoy Batavia Botably Caleatis Haiphong

Branches and Agencler :---

Kowloon London

Hanila

Xoganaka,

Fena ingapors

·Bangoen Seurabsys

Mairon Swabow

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

BANK, NATIONAL New York, with Resources over U.S. $2,500,000,000.

D. M. BIGGAR,

Second Flos Pres

KWEIYANG PROVINCE CONDITIONS

FINANCE

London Stock| Saigon Rice

Exchange Is For Shanghai

Optimistic

LONDON, Aug. 30 (Reuter)— On the London Stock Exchange there was general Improvement in prices with somewhat freer trading in loading Issues as a result of the more optimistic view of the international situa- tion.

Gült-edged securities were oc- casionally, bought st prices above the fixed minimura

levels and industrials were also substantially higher.

A more confident feeling is also prevailing in the other markets as portrayed by the decline in prices in recognized "war" commodities, including wheat and sugar,' while sterling was stronger against the dollar, closing at 43825, compared with 4.28 yesterday.

Wall Street was firm.

NEW YORK FOREIGN

"i

EXCHANGE

1

IMPORT DUTIES

REMOVED CHUNGKING, Aug: 30 (Central) -Replying to a telegraphie spetl«. tion submitted jointly by Mr. Yo Ya-ching, Mr. Li Ming and other financial leaders in Shanghai, Dr. H. H. Kung, President of the Bro- cutive Yuan and Minister of Fin- ance, has given them permission to exchange for £10,000 at the inte announced by the Central Bank and the Bank of Communications for purchasing 20,000 shih (Chinese measurement) of rics from Saigon to relieve the acute shortage of rice in Shanghai. Import duties for the rice will also be exempted.

According to the petition sub- mhted by the Shanghai financial leaders, there are only 30,000 sacks of rice in stock, in the Internation al Settlement. The price of im- ported rice has soared to $35 per shih and no Chinese rice can be obtained owing to communication

dificulties.

The petition ports out that NEW YORK. Aug. 30 (Reuter)-feeding of the 80,000 refugees ac- On the Foreign Exchange, while commodated in camps in the In- foreign currencies are largely ternational Settlement has become nominal or non-existent, sterling

a great problem as a result of the recovered more actively in view of shortage of rice. the lessening of tension, though futures continued to be mainly a negotiation affair.

14

On the other hand, the franc from some repatriation of French funds, together with the flight of funds from countries nearer the places of war, while Far Eastern currencies also improved, except the rupee, which remained

nominal character.

H. K. STOCK EXCHANGE

WEEKLY WHEAT

REPORT

Through Payne & Co.

Liverpool, Aug,” 15. REYNOLDS & GIBSON WHEAT

|

|

CONSIGNEES' NOTICES

NOTICE TO CONSIGNEES

OCEAN STEAM SHIP CO., LTD.

AND

CHINA MUTUAL STEAM NAVIGATION CO., LTD.

ONSIGNEEB per Co.'s Vesal

* MENESTHEUS " From UNITED KINGDOM

VIA SINGAPORE

are hereby notified that their cargo will be discharged into Bolt's Wharf Kowloon, where it will lie at consignees" risk and subject to terms and condi tion of storage at Holt's Wharf. The Cargo will be ready to delivery from Godown on and after 30th Aug.

(ptional" cario will not be landed here, unless notice has been given prior to steamer's arrival but carried on from port to port to the final port of call to which the option extends.

All broken, chafe and damaged goods are to be left in the Godown, where they will he examined on any Tuesdays and Fridays between the hours of 10.45 am, and Noon within the free storage period.

No claims will be admitted after the Goods have left the steamer's Godown, and all Goods remaining undelivered after the 6th Sept., will be subject to reat

All Claims against the Steamer must be presented to the undersigned on cr before the 20th Sept., or they will not" be recognised.

No Fire Insurance will be effected.

BUTTERFIELD & SWIRE,

Agenta. |30th August, 1939.

NOTICE TO CONSIGNEES

OCEAN STEAM SHIP CO, LTD.

AND

CHINA MUTUAL STEAM NAVIGATION CO., LTD.

YONSIGNEES. par Co.'s Vassel·

**TEIRESIAS

LIVERPOOL.--The market re-00

મ

mained steady until after the ho Udays in spite of a very limited enquiry, but last week saw gradual easing of valued under slightly more pressure to sell Aus- tralian and Plate and a rather bearish American Bureau report. A brisk demund for shares con- Further deterioration has taken tinued this morning and although place in Canada and the Dominion buyers increased their offers, there Bureau of Statistics' report issued was singularly little response from on Wednesday last on crop con- holders. The turnover in "conse-ditions as on August 1 confirms quence was small, with the market the damage done:- closing firm all round.

SALES

Providents, $4.17), ELK. & S. Hotels, $41. HK Lands, $31. H.K. Tramways, $151. Star Ferries, $58. China Lights (0), $7. Telephones (0), $20. Cements, $121.

Dairy Farms (N), $19. H.K. Govt. 31% Loan, $98.

PHILIPPINE GOLD MINING QUOTATIONS

Atoks

Antamoks

Spring Wheat Condition (All Canada), as on Aug. 1, 89%; as on July 1, 102% as on Aug. 1, 1938,

Cutting is well advanced in Manitoba, but the crop has large late sections which may surreri further damage. A private report estimates that the total crop of the Prairie Provinces may reach 380 million bushels provid- ing frost damage is avoided.

On Thursday the following omi- cial US Department of Agricul- ture estimates of production were issued (in busheÎN);—

Winter Wheat as on Aug. 1, 1939,

FROM UNITED KINGDOM VIA SINGAPORE.

are hereby notified that their Cargo will be discharged into Holt's Wharf, Kowloon, where it will lie at Consiguess risk and enbject to Tarma Mad Conditions of Storage at Holt's Wharf. The large will be ready for Delivery from Godown on mod after 28th Aug.

Optional cargo will not be landed here. unless Nation has been given prior to Steamer's arrival, but carried on from port to port to the final port of call to which the option extenda,

All broken, ahafed and damaged. Gooda are to be left in the Godowna, " where they will be examined on any Tuesdays and Fridays between the how of 10.45 .. and Noow. within the Fros Storage period.

No Claims will be admitted after the Goods have left the Steamer's Godown, and all Goods remaining undelivered after the 4th Sept, will be subject to Feat.

All Claims against the Steamer must be presented to the Undersigned an or before the 1th Sept., or they will not be recognised,

No Fire Insurance will be effnated.

· · BUTTERFIELD' & SWIRE

Agenta.

951,000,000; final outturn, 1938, 28th August, 1939.

013

Spring Wheat as on Aug. 1, 1939, 10.00 181,000,000; final outturn. 1938, 244,164,000; final outturn, 1937, 189,852,000.

19

201

Baguio Gold

183

*686,637,000; final outturn. · 1937,

685.824,000.

Batong Buhay

Benguet Consolidated

Big Wedge ........

201

Coco Grove

20

Consolidated Mines

001

Demonstration

081

I X. L.

"42.

Ipd Gold

15

Itogong Mining

34

Manbulao Consolidated

06

Manbates Consolidated

10

Mindanao Motherlode

OT

was

Mine Operation

12.

North Camarines

201

Paracale Gumaus

14)

"ntable.

San Mauricio ....

88

Surigao Consolidated

20

Suyoc Consolidated

121

cities

34

(From Our Own Correspondent)

KIENAI KWEICHOW. Aug. 3 For many of us life keeps 80- ing on in the usual way. There is, 01

tear of air raids course. Melbourne Sax Fran. Bydsay

everywhere, but so far the only Disco Tintain Beattle

raid this province has had Vancouver Berang

in Kielyang last Feb. But people Shanghal

still expect there will be more, Every description of Banking and and it is rather a wonder there Exchange business transacted Loans have not been. granted on approved securities

Bankos

Honolu Kobe

New York

Parla

Poping

Since the terrific destruction Current Accounts opened in Local recently in several Hunan Currency and Fixed Deposits re and Chungking, the Hwelyang ceived for one year or shorter lauthorities have been devising a periods in Local and Foreign Car method of reducing the popula-

rencies terms which will be

on quoted on application.

SAVE DEPOSIT Boxss To L

KAN TONG PO,

Chief Manager.

BANK OF CHINA

United Paranale

J:

PHILIPPINE GOLD MINING

QUOTATIONS

tion of the elty. Assistance" 19 igiven to people who agree to

move from the city. of

Atoks course, with some conditions.

The aim is to have only those who are really needed living in the city. I

not know do

how much migration there has been as a result of this programme. It is not a light matter to leave

Specially Chartered by THE NATIONAL GOVERNMENT home and business.

OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK. PAID-UP CAPITAL $40,000,000.00

(BRANCHES ALL OVER CHINA)" Owing to our numerous Branches in China and connections in the

And, more- over, going to live in &

small village or isolated farm place is taking the risk of being plunder- ed by the bandits" who everywhere beyond reach soldiers rifles.

BANDITS SHOT

swarm

principal Commercial Centres of A strange thing happened yes- the World, we are able to extend terday. Squads of bandits were to our Clients special facilities for taken "outside this and that city Domestic and Foreign Banking and gate during the day by soldiers Exchange.

Head Office:-SHANGHAT

Hong Kong Branch,

4, QUEEN'S ROAD, C.-

South China Offices:

CANTON

KONGMOON

TOISHAN KINGCHOW

BWATOW

SKIDOROW

We also handle the issue of Bonds

and shot. I am told there

were

148 executed here. In other

cities and market townia others

It was learned over the week- end that Germany has just bought about 300,000 tons of Rumanian wheat, but no detalls of the transaction have been revealed.

The present level of quotations would seem to leave little room for further drastic declines, and we believe" that

CONSIGNEES' NOTICE.

THE BEN LINE STEAMERS, LID.

FROM LEITH, MIDDLESBRO'. ANTWERP, LONDON AND STRAITS.

Ta 8.9 * BENYRACKIE” ·

NONSIGNEES of Cargo are hereby purchases around formed that all Goods are being these prices should prove pro-landed at their risk into the bazardous

Stock of wheat in Liverpool: This week 975 loads: last week 949 louds.

Chicago-Prices show on balance a moderate decline. The principal features were quidation by dis- couraged longs, a quiet demiand and increasing North-west hedge | selling. Mr. Wallace, the Secretary for Agriculture, announced. last Friday that the Government would no longer purchase wheat for re- 612 sale to exporters at reduced prices, 10.00 but would continue the wheat ex- 201

port subaldy programme in the form of cash holmty; payments.

Winnipeg At first, values im proved on unfavourable crop news and a fair export business. Later, however, the absence of demand, the American subsidy news and reports that threshing returns were exceeding expectations," caus- ed a reaction,

Wednesday, Aug. 30, 1939,

19

Antamoks

201

Baguio Gold

184

Batong Buhay. ...!.

Benguet Consolidated.

Big Wedge Coco Grove

Consolidated. Mines Demonstration

· 10). 001

084

42

Itogons Mining Manbala Consolidated Masbates. Consolidated Mine Operation North Camarines

·23

06: 10

Paracale. Gumaus

I X. L

San Mauricio

Surigao Consolidated Suyoc Consolidated United Paracales

Mindanao Motherlode 01

WAR RISK RATE INCREASES

LONDON, Aug 30 (Renter)-- Additions to the increase in the war risk insurance rates include were executed, to a total of hot sunshine rather feware Russia and East Africa, north of about 500, I am told. These be simply lorious People are hop the Equator, via the Cape, 60 longed to a large gang who have ing that weather will be suitable shillings per cent outwards and been operating throughout this to produce a good rice and corn

homewarda. NW. section of the province.

crop. Price of food is too high..

There

was, a report

WET WEATHER

and other Public Funds of the Cool, wet weather still continues soldiers training camp

AMERICAN MOVEME

a NEW YORK, Aug 30 (Reuter)— would | Maring underwriters have cancelled

Chinees Government both at Home There has not been an uncom again be located here. But that all war risk insurance on German and Abroad,

fortable night, except a couple plan is changed. They go in and Italian vessels and also on of times it was CHEN.

rather unplea- stead to Tsunyt, where food is shipments to, from and through Mondger, santly chry, And the days of about half the price...

German and Italian, porta

SHOU

and/or extra hazardo Godowns of the Hong Kong and Kowloon Wharf and Godown Co., Ltd., whence and/or from the wharves Delivery may be obtained.

No Claims will be admitted after the Goods have left the Godowns and all Goods remaining undelivered after the at Sept... 1939, will be subject to rent.

All Claims against the steamer must be presented to the undersigned on or before the 14th Sept,, or they will not be recognized.

To comply with the General Bonded Warehouse Regulations, consigneer must have Revenue Officer in atten- dance when damaged dutiable goods

are-examined.

All broken, chated and damaged Goods are to be left in the Godowns where they will be examined on the 31st Aug, 1938, at 9 am. by Messrs. Carmichael & Clarke,

Bill of Lading will be countersigned R. LOXLEY & CO. (CHINA), LTD,

Agenta

No Fire Insurance has been, effected,

Hong Kong, #ith Apg, 1939.

What do

you want?

If there is anything you want to buy or sell try

Classified adver

mant in the Hous- kong Daily Press.

25 words $1.00 prepaid

for 3 insertions.

"THURSDAY, AUGUST 31, 1939-PAGE 13

PRESIDENT LINER

Sailings

TO

MANILA

S.S. PRESIDENT HARRISON"

FRIDAY, Sept. 1st at 12:00 Noon. S.S. "PRESIDENT PIERCE" SUNDAY, Sept. 3rd at 2:00 A.M.

IMPORTANT

All passengers must possess cholera certificatas issued by the Hongkong Government authorities at least five full days prior to arrival at Manila.

AMERICAN PRESIDENT LINES

"ROUND-WORLD SERVICE"

12, PEDDER ST.

Triestina

Lloyd

11

TEL. 28171.

FORTNIGHTLY

EXPRESS SERVICE

FAR EAST-INDIA ITALY

Hongkong-Loudon 33 days q1 days Hongkong-Italy

SCHEDULE OF SAILING FROM HONGKONG

TO MANILA, SINGAPORE, COLOMBO, BOMBAY, EGYPT

TO SHANGHAI

& FTALY

5.2

"GIULIO CESARE" at Sept. 5. "C. BIANCAMANO" 16th Sept #a. “CONTE VERDE” 29th Sept. m.v. "VICTORIA" 14th Oct.

5th Nov. "CONTE ROSSO".

a

“C. BIANCAMANO“ 10th Sept.

as

m.v.

"CONTE VERDE" 22nd Sept. "VICTORIA" 7th Ost "CONTE ROSSO” - 29th Oct.

a. "C. BIANCAMANO" 19th Nov.

8.1.

LLOYD TRIESTINO

P.O. Box 143. Tel. Address "Lloydiano Telephones 2002 Passenger

32983 Freight

THE BEN LINE STEAMERS, LTD.

S.S. "BENMOHR"

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

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

For Freight and assage apply

CH

APA

to the Agents:

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

Tel. 84165

York Building.

THE PERFECT HOLIDAY

A ROUNDTEIP TO BALI & JAVA- IN 30 DAYS

1st Class by 1, 0.3, -L.

H$455.-

NEXT SAILINGS

TO BA11 & JÁVÁKIA MANILA m.s.TJINECAI A 18th Sept.

TO BATAVIA DIRECT m.. TJISADANE 12th Sept. TO AMOY & SHANGHAI DTJISADANE 1st Sept

For particntzés

JAVA-CHINA-JAPAN

SWAT

FENOLASCO DA SILVA

MODERN

LIJN EXPRESS SERVICE