HONG KONG AND SHANGHAI BANKING CORPORATION.
Aghorfand Capital
$50,000,00
stard nad Fully Paldup now $30,000,000 Haserte Panda 2-
Beting
Mosers Liability of Proprietors - $10,000,000
HEAD OFFICE: BONG KONO
BOARD OF DIRECTORS:—
J. 4. Plummer. Est.
Chairmas.
. . Bol, xy.
O... Muklo, Rıq.
Deputy Chairman
A. II. Compton, Kap
B, Landur Lewis, Kaj,
Q. Mika, Es
AMDX
TAKOTOK BATAVIA BONBAY
CALCUTTA
CLXTON UNIFO DOLOMEO
DATEN
#00000W.
HANKOW
IPOH
70E03E
KOWLOON
4. J. Patorva, Ewy.
T. B. Fare, Esq.
T. B. H. Shaw
J. P. Warren, Les.
Acting Uhlef Manager. V. M. Dissybarn, Eøg.
BRANCHES-
LONDON
LYONS
MALAOUR
MANILA
BIAR (Johor)
MURDEN
NANABAKI
NEW YORK
PEIPING
PKNANG
BOURABAYA
TOKYO
TBINOTIO YOKOHAMA
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1858 HEAD OFFICE: LONDON. Paid-up Capital
Reserve Fund
Reserve Liability of Proprle-
tore
.£3,000,000 £4,000,000
.£3,000,000
KUALA LUMPUR
KUCHINO
MADRAS
Agencies and Branches;
ALOE STAR
Malay Biston)
AMRITSAR
BANGKOK BATAVIA
BOMBAY
CALCUTTA
DANTON DAWNFORE
DEBU
COLOMBO DAIREN (Dalny,
Bouth María)
DELI!
HAIPHONG
HAMBURG
HANROW
HARKIN
(M. Manchuria) *
HOND KONG
ILDILO
КАБАСТ
KLANG
KODE
TUALA KANGSAR
Ferak (P.M.B.)
MANILA
MEDAN
NEW YORK
PEKINO PENAYO PESHAWAN BANGOON BATOON SEMARANG BEREMBAN
BHANGRAT BINGAPORE SOURADAYA TAIPING
{P.M.9.}
TAVOY
TIENTSIN
• TORTO
TONUKAI (Bhuko,
TBINGTAD
YOKOHAMA ZAMBOANGA
(Philippine Islande)
Foreign Exchange
and
THE CHINA MAIL.
BRITISH INDUSTRY.
Sir William Plender's
Views.
TEMPTING INTEREST.
-
COMMERCE ·
|
AND
FINANCE
TRADE CUSTOMS,
Not Welcomed by Ship- pers in Australia.
WHISKEY TRADERS GLAD.
Melbourne, Yesterday, armaments. Other nations, how-
Whilst local motor car and whiskey ever, 'would benefit by such a policy, and their taxation, in common, with traders particularly welcome the new ours, might be lessened. Where, customs regulations, shipowners state then, was the hope for the future? that many ships will inevitably wase Was it in better methods of manu running to Australia and that Austra~ facture, and had wa anything to
working capital adequate, or fid the remedy fle in rationalisation, or what?
Question of Government Assistance
·LOCAL SHARES
learn from our competitors in that may be seriously embarrassed to Sir William Plender (president of respect; was new fixed capital need-find shipping for her primary pro- the Institute of Chartered Accounted for modernising plant, and was duce.-Reuter. (anta), speaking in mail week, at the annual banquet of the Bradford and District Chartered Accountants Students' Association to an audience composed largely of representatives General
of the trade and commerce of Brad- Banking business transacted.
Current Accounts opened and Fix-ford, the civic authorities, bankers, ed Deposits received for 1 year or and accountants, said that the War shorter periods at rates which will had intervened since he was last in be quoted an application
the town, and the manufacturing A. H. FERGUSON,
activities of the city that were then Manager.
noticeable had lessened, the Hong Kong, 8th January, 1929.
volume of trade had decreased, selling prices had fallau, and profits had largely disappeared.
This state
was of affairs
HAIPHUNG
RANGGON
HAMBURG
SAIGON
BAN YRANDIGOO
BARDIN
BHANGILAI
HONOLLY
SINGAPORE
FOLLO
BUNGE PATANI TIENTAIN
THE HO HONG BANK, LTD. (Established 1917).
CAPITAL
Authorised Issued Paid-up
Reserve Liabilities
of
Shareholders
KUALA LUMPUL
Crni 000s opened In Local Currency and Pital Deposits received for sum var or short periods in Local Carney and Berllog
term which will be quoted or appliestinu Blog Kong, 1st Aprd, 1990).
HONG KONG SAVINGS BANK.
The Desins of the above Bank in cond'act
a by the HONO ROG AND BHANDHA
DANLING CORPORATION, Bulee may be
bieland on application.
FOR THE HONO KOND & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Arting Calet Manager,
Hong Kong, 17th March, 1985,
NEDERLANDSCHE HANDEL. HAATSCHAPPIJ, N.V. (HATHERLANDS TRADING BOCIETY:
DANKERS,
Established 1994. Hong Kong Oos:~[] Queen's Boad Ovalea). Asher Capital - Qužiders 150,000,000-**
(212.500.000.1 Zald the Capital ............................... Duik,000,000- (29.063.007.1 Bowers Frod
............ Gutiers 40,000,000-
Surplus..
TAN ENG HOOL,
Manager. Hong Kong, 16th May, 1929.
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO).
HEAD OFFICE:-Talpeh, Formosa. Incorporated by Special Imperial
Charter, 1899.
80
not.
Benjamin and Potts' Weekly Report
He could hot himself answor those questions as regards Bradford, but they would have to be faced, and however unpleasant might be the findings of competent advisers, if consulted, they would, he was con- fldent, not shrink from their respon- The improvement in the locai sibilities. But lot him assume that share market referred to in our they had done or were doing every circular of the 28th Instant has be thing possible, that they had' not
cause to reproach themselves, and (come more general during the past that they were in their works, man-week and a very good business has agements, and administration, equal resulted in both investment and to their rivals. Still, they might speculative stocks, and in many in-
say, this foreign competition was
too severe, and notwithstanding all stances at enhanced rates. In spite they could do, they could not meet of a good deal of profit taking there it either at home or in world maris no weakness in the market, which kets. It was a serious conclusion to clases strong at very substantial ad- come to; it was an apparent con- fession of fallure, and Yorkshire-vances on last weck's quotations. men did not liko to accept defeat. Banks-Hong Kong and Shang- "
shares have
however, confined to Bradford, but was the common lot of most indus- trial centres, whose post-War ex- $20,000,000
8,000,000 periences had brought disappoint- 4,000,000 ment and disillusionment instead of prosperity at home and extending 4,000,000 markets abroad as had been hoped 2,219,000 HEAD OFFICES-SINGAPORE. for. The victors in the great strug- Branches, Agencies and Correspon-gle were little if any better off than dents in the principal cities of the the vanquished, and recovery in world.
"Do you then," proceeded Sir hai Banks in sympathy with the Every description of Banking and profitable business was less with us
than with our Belgian and French William, "look as a last resort to the drop in Sterling Exchange, have Exchange business transacted.
allies, whose territory was so fierce-Government either for some form of ly devastated and who had experi- assistance in finding new capital further improved and were booked enced, broadly speaking, growth in that you need at low rates of inter-at $1,400. The latest cabled quota- their products manufactured which | est if the banks do not feel justified tion from London is £118 (Middle). ao far had been denied to us.
In giving you all you require for Marine and Fire Insurances.~~~- Germany had been assisted by capital expenditure--and do you Unions have had a further big ad- foreign loans to her manufacturers ask for security against products vance resulting in a rise of $45 -not only from the United States, from other countries produced and during the week and but from England-and tempting exported under conditions you are changed hands up to $450, closing rates of interest had supplied her unable to avail yourselves of? with sellers at $445. Cantons have with capital to assist in resuscitat- These are both momentous issues, likewise strengthened and wore ing bar Industries, which were in and only to be pressed if all other placed in fair quantities at $810. many instances severe competitors means fail. We would all prefer to Hong Kong Fires have also harden- Bank-Norse lauad Average avent d. 65,000,000 with our own manufactures. Bel- be independent of Governments and led and were negotiated up to $915, JAPANI-TOKYO, Yokohama, Kobs, Osala, (80,131,83)
Hobs Gfung, gium and France had had, through to carry on our business as we think while China Fires are enquired for Hakong, Nanto, Backika. Taisha. Talman, reparations, new buildings and beat. But is it possible under fiscal at the improved quotation of $855, OHINA Dghai, Hackow, Azey, Fosshow, plants erected of the best designs-conditions as we know them to-day? Underwriters are higher with buy- Calutis, Charibon, Diaber, Dick OTDERS-Hor Kong, Blorapor Barbara to take the place of old and destroy That is the problem, and there for ers at $1.
Falaria, Bombay. Coed properties-and, so equipped, the time being I must leave it, hav
Shipping-A small decline has before you not unsympathetically, with sales reported at $22, Hong. but deeply bogcorped for the welfare Kong, Canton and Macao Steam of the trades of a city that for boats have receded to $26%. Water- centuries has been the acknowledgod boats have risen to $26. Shell centre of the wool industry of the Transports are firmer and come country."
through from London at 97/6. The banks had done much, he went on. They had, however, their rwloon Wharves show a further Docks, Wharves and Godowns. ----- own responsibilities to depositors and customers, and a due proportion price having advanced from 3161
improvement over the week, the of liquid assets to liabilities must to $156, with business done at in- be maintained. The function of the tervening rates closing with sales at banks was not to supply permanent $163. Whampoa Docks are a shade capital for industrial development, better at $36. but to finance current trade, which
Head Of:-CAMSTERDAM'). - Zalace and Goa :-BATAVIA. AHANUÆRM 1—Bandjarmania Bandung) Bombay,
{skaria}} The Bague'), Jodiak, Kobe, Koka Radja, Makamaz, Malen. Padang
Pinang
Putembear,
Central Bank in Portac
BRANCHES AND AGENCIES:
FORMOSA (—Olean, Kagi,
Takao, Tazal, Towo, Hulso, Tai
Glow, Deacon.
Lendon, New York, Dair
LONDON BANKERS:
The London County Wimidater and Fart's Bank they, too, as competitors, were more ing endeavoured to put the issues occurred in Douglas Steamships
formidable than before the War.
Pontianak, Banjoon Bemaran Banghel 8bolga (Humaire), Blagayos.
The Bank kes Correspondante in all the Britain, Everybun Bouskaria (Holo)," "Tegal, Tilaxies | alpal Commercial Contra Auroughout the world.
Shope aloon Dera safe deposit because in lat
and
NAGURA
Mongo.
-73. Des Voeus Blood Central
Ladies Banken |--National Provincial Bank Lid. HONG KONG BRANCH:
Perrespondeate all over the world?
Banking busines of vary
desorption transacted.
P. M. ZLBERO
Eng Xaos, 17th Mar, 2029,
Manager.
*
+
* BANQUE DE L'INDO - CHINE.
HEAD OFFICE:
96, Boulevard Haussman, Paris. Subscribed Capital .Fra. 72,000,000.00 .F'rs. 68,400,000.00 Reserve Funds ....Frs.102,000,000.00
Paid-Up Capital ....
Bangkok
BRANCHES:
Battambang Hue
Gantho
•
Mengtze
Hong Kong Quinhos
Saigon Shanghai
Thanhea Tientsin
Canton Nam Dinh Singapore
L
Established 1912, Head Office:-Hong Kong.
Authorised, Capital (H.K. Uverenay) ... (1,500,000 Paid Up Caplial .
Kes Banerve Fund managen
BRANOBLES **.
$5,000
Oroton, Bhangal, Baker, desi, Bangkok, Hew York sud B Fran
LONDON-BANKEBS 1- -
The Lloyd' Bank Limited. CORRESPONDENTS
In all principal dílna of kie World.
* Foreign ashangs and busking bastaam o wtwy desorption massaquad.
Bala Depot Boxes various (sa) si a yearly rental of trous 35 to $10.
among the successful belligerent Powers, had suffered most economically and "industrially uotwithstanding her sacrifices largely on behalf of others.
Questions for Manufacturers. They found those nations not only THE BANK OF CANTON, LTD. competing against us in neutral markets in which they once had a practical monopoly, but also with our own manufacturers at home by exporting goods to us below the prices charged for their own home
China Providents consumption and much below what they could be produced in Britain, they were willing to do in a large Shanghai Docks were realised again were negotiated at $5.40/54. Bradford was suffering severely measure. Permanent capital for from this state of affairs. Unem- Industry abould
at Tis, 130. Hongkew Wharves are come from other higher with buyers at Tis. 230 ex ployment was serious, trade was
sources. It existed, but was being the final dividend of Tis. 12 juat depressed, and many manufacturers withheld because risks of industrial paid. New Engineers can be placed who had survived in the struggle investment at the present time were at Tis. 84. looked with grave misgiving to the such that those who control.capital
Lands, Hotels and Buildings.— preferred a moderate rate of inter- Hong Kong and Shanghai Hotels It was time, therefore, Sir Wil-est and security to uncertainties after being offered at $19 came into Ham Plender proceeded, to take Capital would only be attracted by strong demand and were negotiated stock of the position. Were there industry, when there was a reason- other reasons for the condition in able prospect of trade stability, free were booked at the outset
up to $13.50. Hong Kong Lands which Bradford finds itself besides from legislative interference and but gradually rose to $75 at the at $71 those which he had referred to? subject to adequate safeguards. He close they are wanted at, $73. Reorganised October 26, 1928, under Had the manufacturers adapted had confidence that, given these Realty's have fructuated vincial & Union Bank of England, special charter of The National Gov-themselves to changes of fashion conditions, capital would be forth- $84 and $8.90. Humphrey's Estates between Ltd; Comptoir National d'Escompta erament as an
and taste; had they got their plant coming as in the past to support were done at $14. Shangha! Lands INTERNATIONAL EXCHANGE
and machinery thoroughly modern their proved capacity to meet and have improved to a buying rate of ised; were their undertakings bur-surmount difficulties. ....$25,000,000.00 dened by heavy interest charges on
Tis, 246. Economic questions affecting Public Utilities-A large busi- $24,710,200.00 borrowed money; was their capital trade were not always divorced from ness was done in China Lights up $ 3,820,503.82 isation in present conditions justi-political considerations, and unless to $2416 and $19 for the old and
fed; was their cost of production as the two were kept separate by our new shares respectively. low as it could be brought by legislators confusion and injury Kong Electrics have had transac- efficient management; was their sell-must be the consequences.
Djibouti Neumer
Fort-Bayard Papesta
Haiphong Peking Toprane Hankow Pnom Penh Vinh Hanoi Pondicherry Yunnanfu
BANKERS:
IN FRANCE: Comptoir National d'Escampte de Paris; Credit Lyonnais; Banque de Paris at des Pays-Bas;
Credit Industriel et Commerclai; So- ciete Generale.
IN LONDON: The National Pro
de Paris; Gredit Lyonnais.
LOOK FOONG SHAN,
Chlaf Manager, Hong Kong, 19th February, 1037.
THE BANK OF CHINA. 行銀國中
BANK
IN NEW YORK: J. P. Morgan & Co.; French American Banking Cor- paration; Guaranty Trust Co. of New Subscribed. Capital York.
Paid-Up Capital
Interest allowed on Current Ao-Reserve Funds counts and Fixed Deposits according
to arrangements.
Every description of Banking and Exchange Business tranisated.
Safe Deposit Boxes to let.
A. LECOT,
Manager.
Hong Kong, 1st May, 1929,
HEAD OFFICE: SHANGHAL
HONG KONG BRANCH:
4, Queen's Road Central,
futuro.
ing organisation perfected by giving customers what they required at attractive prices, and were their salesmen alert and persuasive?
Owing to our numerous branches in China and large connections in the Important commercial centres of the All these conditions seemed neces- THE YOKOHAMA SPECIE BANK, clients, special facilities for domestic competition of to-day. But they world, wo are able to extend to our sary to be fulfilled in the world
LIMITED.
and foreign banking and exchange.
We also handia the fave of Bonds and other Public Funds of the Chin ese Government both at home and
SHOU J. CHEN,
Manager. Hong Kong, 6th March, 1980.
Established, 1880. „Capital (fully paid-up) Yen 199,000,000 | abroad.
Bestive Fund
Yen 111,500,000
Head Office-YOKOHAMA,
anchas und "Agencies aft
Nagoya, Newchwang New York
Osaka
Paldag
Hangoon
INDIA, LTD.
BRITISH EXPORTS.
Return to Overseas Trade Department.
Hong
tions.at $71/74 and more can be placed at $724. Star Ferries changed hands at $79. Hong Kong- Trams were dealt in extensively at various rates from $21 up to $214. the market closing with buyera at 214 Telephones fetched: $231.
Miscellaneous-Deals were made
In Green Island Cements (Combin ed) to a considerable extent from $35% up to $16. Dairy Farms
might say--and not without justi- fication-that their costs were high, partly because of unduly burden- some taxation which other compet- Mr. G. M. Gillet, M.F., secretary ing nations did not bear in any of the Department of Overseas were done at $224/28, and have thing like the same degree, and that Trade, announces that he has ask-further buyers at the latter figure. Watson's have been the medium of economy in Government expenditure ed the executive committee of the business at $10.80 ex the dividend was hot watched and controlled as it Travel Association of Great Britain of 70 cents just patd. Hong Kong. THE MERCANTILE BANK OF should be. This, Sir Willlam fear and Ireland to release Mr. Louis
ed, was the case, and the future held Reale from his duties as general Ropes were realised at $734 and $74. Raubs have further appre out little or no hope of Immediate manager of the association. Since clated to $20, while Benguete have Mr. Gillett's appointment 36
also strengthened and can be placed of social services, but there might inlater in charge of the depart at $6.86. Amasements were taken ment, he has been specially con be some relief If the conference now sitting leads to reductions in aldering whether the department's the market at $30.
organisation can be made of still greater use to British export trade. It is in this connection that he was desirous that Mr. Beale should be permitted to return to work at the department
The e
of the
MGA HEAD OFFICE
15. Üracechurch - Bireet, London, B. GE Authorised Capital £3,000,000 Subscribed Capital; ............<1,800,000
ld-up Capital
1,050,000 Reserve Fund and Best 1,612,047
•The Bank of Bigland, A. Midland Bak, JAL
Cota Blue
Port Louds (Mazeiklst)
reduction, for example, in the cost
THE INDUSTRIAL & COMMERCIAL,
-BANK, LIMITED
HKA OFFICE:
Bad, Central,
Cotton Mills Beyond sales of Ewos at Tis. 184/TIs. 1840 there is nothing to report in this section. Rubbera The following are the latest cabled quotations received from Bhanghal
Anglo-Javas
7.50 Buyera
SATURDAY, APRIL 5, 1930.
LARGE STOCK OF
WINTER GOODS
AT EXCEPTIONAL PRICES. SWEATERS
Woollen Waistcoats & Vests.
FELT HATS CAPS
NECKTIES GOLF HOSE
From $5.00 up. From $1.00.
In all Colours & Designs. $1.50 per pair.
THE BAKILLY CO., LTD.
153-155 Des Voeux Road Central.
ILLUSTRATED!
ILLUSTRATED !!
ILLUSTRATED !!!
SPECIAL COLOURED SUPPLEMENT with PICTURES of all local events is given free in the OVERLAND
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Allegations as to the disposition of fund arising from the King Edward Hotel fire of 1929, were made at the examination in bankruptcy' of two of the partners in the Hotel. The OVERLAND CHINA MAIL gives a complete re- port of the proceedings, together with communications afterward received from the solicitors in the matter.
Obvious flaws in the Building Ordinances, by, which the Building Authority may only "recommend that up-to-date construction be specified by architects, whith, having no power to veto what are known as the Colony's death traps" (wooden staircases), are exposed in the OVERLAND CHINA MAIL report upon the enquiry on the victims of the fatal fire at 12, Smithfield.
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The interesting prospect of a new industry--that of the building of marine motore being established in Hong Kong, is alluded to in the Chairman's speech at the annual meeting of the Hong Kong and Whampoa Dock Company. Another meeting of considerable local interest, that of Messrs. A. S. Watson and Co., is also fully reported in the OVERLAND. CHINA MAIL.
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