SATURDAY, DECEMBER 27, 1930.
HONG KONG AND SHANGHAI BANKING CORPORATION.
Aviberiană Ongijal
"Impend and Pally, Poldup $36,101,100
Beurre Peady me
Berting £600,000
Beserva Llablity at Propelators. 8:31,500,000 HEAD OFFICE: HONG KONG. BOARD OF DIRECTORS ——
J. Plummer, Eng. Whairman.
Hon Mr. C. G. 8. Mackle. Deputy Chairman
W. H. Bell, Koq.
Пva. Mr. 7. J. Zalarma.
1. Compion, Epq. T. E. Peuros, Eng. # Lender Lovin, Esq. T. H. B. Bhaw, Kay.
Wakka, Raq.
ANOT
BANGIOX
BATAVIA
BOMBAY
J. F. Warren, Moq.
T. X. Umbura, Beg.
BRANCHES:~~~
LONDON
LYONS
MALACCA
MANILA
MUAB Johore)
XUKDRE
MAQABAKI
CALUUTTA
NEW YORK
FEIFING
CANTON
CHIEFOO
COLOMBO
BADLER
РОССКОЙ
HAIPHONG
HAMBURG
SATOON di
SAN FRANCISCO
WANKOW HARLIN
MONOKEW
HIDILA
POE
голова
KOR
KOWLOON
KUALA LUMPUR
PKNANG
BANGOON
SHANGHAI
SINGAPOBY
SOURABAYA
JUNGEL PATANI
TIENTSIN
10XYO
TSINGTAO
YOKOHAMA
Dec Ascots opened in Local Currency and load Depoalie received for one yOUR DE shorter perioda in Loosl Currency and Biling se berma which will be quoted on application. Meng Kong, lai Apell, 1980.
HONG KONG SAVINGS BANK.
The Busines of the shore Bank is sondart by the HONG KONG AND SHANGHAI ALING OCHPORATION. Zahon may be shined on spplication,
FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION,
V. K. ORAYBURN,
Chief Manage.
Hong Kong, Mh July, 1380.
NEDERLANDSCHE HANDEL-
MAATSCHAPPIJ, N.V.
ĮNETHERLANDS TRADING SOCIETY)
ГАНЖЕЛА
Zaķebliebed 1834.
Male King Offos -17, Queen's Road Central. Authorised Capital Ouilders 150,800,000. {/E19,600,000.) .......... Oulidera 80,000,000 Fall-Up Captial
(8,801,170) Born Fan Cuilder 40,000,000 (28,891,580)
Head Offer 2~~AMSTERDAM” Essen Head Ollon
~BATAVIA.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, Incorporated by Royal Charter, 1853 HEAD OFFICE: LONDON. Pald-up Capital
.£3,000,000
Reserve Fund
-£4,000,000
Reserve Liability of Pro
prietors
.£3,000,000
Agencles and Branches:
ALOR STAR
KUALA LUMPP
(Malay Bindes)
KUCHING
AMRITUAD
НАУКОК BATAVIA
МАРВАВ
MANILA MEDAN
BOMBAY
CALGUITA BARTON
*CAWNPORE
QEBU
NEW YORK
PEKING
COLOMBO
DAIKEN (Delay
How Masaburia)
PEHANO PESHAWAR BANGOON BATOON
BEMANANO
DELNI
HAIPHONO
MANHOW
HABBIN
HAMBURG
(R. Manchuria).
TÙNG LONG
IPOI
ΠΑΠΟ
KARACHI
KLANO
KUALA KAROSAN
(Porsk 16.53
BERIMBAN
BHANGHAI
BINGAPORE
COURALAY
TAIPING .M.6.)
TAVOY
TOKYO
TONGKAH Ehukui)
YOKOHAMA
ZAMBOANGA
TIENTSIN
(Philippine Islanda)
RECOVERY.
THE CHINA MAIL.
and
Commerce
Finance
Earl of Inchcape's Suggestions.
countries.
of
of
the the
GERMANY'S TRADE BALANCE
Exports Rise Above Imports.
POST OFFICE NOTICE.
RADIO NOTICES
11
The Radio Office, where full information concerning all wireless services may be obtained at all times, la situated on the ground foor of the P. & D. Building in Des Voeux Road, next to the General Post Office.
Individuals and fruss are recommended to register their telegra
From
Per
DECEMBER SATURDAY, Shanghai and Swatow
27. ....Szechuen
U.S.A., Honolulu, Japan and Shanghai (San
Francisco, Nov. 28)
President Adama
Europe via Negapatam (Papers only (Lon
don, Nov. 27)
Kashima Maru
SUNDAY,
DECEMBER
28.
Manila Amoy
.President Lincoln
Tilleboat
London (Parcels, Nov. 20) and Straits
MONDAY,
29. DECEMBER
.Helenu's
Java Japan
U.S.A., Honolulu, Japan and Shanghai (San
Francisco, Dec. 5)
•
¡Tjibesar
Montevideo Maru
THE WAY TO TRADE after remarking that he did not re- gard the Imperial Conference table
Over-rapid development, combin-phic addresses at the Radio Office. No charge is made for this. as a bargain counter over which ed with the necessity of adjustment
INWARD MAILS the British and Dominion Govern to a new and lower level of prices, ments were to haggle for trade, has resulted In the present adverse said that the overseas Empire was economic conditions prevailing in in general ready to help Great Bri-Germany. This view is put forward tain to secure a greater share of by the Commercial Counsellor and the imports of manufactured goods the Commercial Secretary at Berlin, i Delegates to the Imperial Con-at present derived from foreign in their report on the economie ference were the guests at dinner
1929-30, conditions in Germany, at the Hotel Victoria on October 14
Britain was asked to devise effec- just published by the Department British Chamber the of
tive means of assisting British of Overseas Trade. tho Commerce,
Federation
This did not agriculture overseas.
Reviewing the events which led British Industries and
mean that the Dominions were ask up to the present position, the re- Chamber of Shipping of ing for preference for all their pro-port states that the intense Indus- The Earl of ducts, still less that Great Britain trial activity of preceding years United Kingdom.
was asked to sacrifice her foreign was caused by the natural desire Inchcape, proposing, in the absence of Sir Arthur Sutherland, "The trade in order to stimulate Empire to make up for the time lost during Commonwealth of British Nations," trade. No such choice was involv-the War and the period of inflation,|
but it was over-stimulated by the said that unless the national expend
"It is necessary to dispel any idea ease with which money could be diture was reduced, catastrophe was bound to follow.
that may exist in the minds of a borrowed abroad, and this also led "I may in some quarters be desection of the public that the Dom-to much of the activity being direct-
come to Manager.nounced when I venture to say that,inions have
the Im
ed into extravagant and unprofit if the manufacturers of this coun-perial Conference with the intenable channels. try are to be put in a position to tien of taking all they can get and This situation was brought to an factors: First, the THE HO HONG BANK, LTD, / compete in foreign markets, wages giving nothing in return. This, of end by two
and salaries will have to come course, is quite Incorrect. British technical re-equipment of German down and longer working hours manufacturers are not taking ad industry reached a stage at which will have to be worked. My con- vantage to the fullest extent of the it had caught up, and in many cases Hong Kong Branch: 13, Queen's Rd. C.viction is that the trade recovery of preferential treatment accorded to outstripped, that of other countries, Great Britain, and that of Austra- them. The market in Australia for Authorised Capital Straits $20,000,000
lia too, rests in a great measure British goods is capable of wide so that for the past year or more 8,000,000
tt only needed keeping up to date Issued Capital
4,000,000 with the leaders of the trades expansion only if we ourselves are
unions. If they can get their mem- able to expand the overseas markets and renewing in the ordinary_way: of Shareholders
2,020,000 bers to realise that it is impossible for our primary products and thas secondly, the Stock Exchange situa Surplas
2,820,000
to get a quart out of a pint pot, increase the general purchasing Branches, Agencies and Correspon dents in the principal cities of the except by filling it twice, the road power of our people."
to economic recovery will be casier and unemployment should soon be much reduced,
and General Foreign Exchange Banking business transacted.
Current Accounts opened and Fix. ed Deposits received for 1 year or which will shorter periode at rates be quoted on application.
A. H. FERGUSON, Hong Kong, 8th January, 1920.
(Established 1917.)
HEAD OFFICE SINGAPORE.
Paid-up Capita!
Reserve Liabilities
world.
:
Canada, U.S.A, Honolulu, Japan & Shang-
hal (Vancouver, B.C., Dec. 6)
WEDNESDAY, Java, and Manila
SATURDAY, Australia and Manila
Japan
President Cleveland
..Empress of Russia DECEMBER B1.
..Tjikembang JANUARY 8.
Nellore SUNDAY. JANUARY
FRIDAY, JANUARY Canada, U.S.A., Honolulu, Japan and Shang-
hal (Vancouver, B.C., Dec. 12)
4.
Brisbane Maru
છું.'
Empress of Japan
OUTWARD MAILS
Per
SUNDAY.
28.
a.m..
9 '0.03.
For
MONDAY
tion in the United States not only made the placing of foreign issues Swatow, Amoy and Formosa impossible, but attracted large sums Amoy and Japan New Zealand Market.
from Germany, as from elsewhere.
Foochow ... Every description of Banking and
The Prime Minister of New Zea
Favourable Trade Balance.
Bangkok via Swatew land (Mr. G. W. Forbes) said that Exchange business transacted.
"If the conclusions arrived at by New Zealand, from the very first: Amid the adverse conditions out Straits and Calcutta TAN ENG HOOL
Manager. the Imperial Conference should re- had made it clear that she fully refined above German foreign trade
vive the industrial life and activi- ties of our communities at home cognised that in regard to whatever has maintained a satisfactory de- and overseas, the conference will action Britain might take in order velopment. It is true that
to come to an arrangement with the 6,205,985,000 marks exports for the Japan, Honolulu, Canada, USA., AMERICAN EXPRESS COMPANY, have solved the most difficult econo-Dominions, the welfare of her own rat alx months of 1930 show a
mic problem with which the people of the Empire have ever been con- fronted."
THE
INC.
Mr. Scullin On Preference
The Prime Minister of Australia (Mr. J. H. Scullia) who replied,
at Amoy
people must necessarily be her firat falling off of 325 million marks as
consideration. New Zealand claim-
C. & S. America & Europe via San Francisco
DECEMBER
Hozan Maru Ho Sang Hulchow Kalgan DECEMBER
Nam Sang. Parcela
Letters
29.
9 8.m.
9.a.m.
.Dec. 29, Noon ...1 p.m.
Linan... ... 3.80 p.m.
President Liacoin (Due San Franciaco, Jan. 21, 1931.)
Parcels
.Dec. 29, 8 p.m. Registration Lettera
ad the same privilege, and would compared with the corresponding period of 1929, but if the 1929 suggest no other course to Britain. standard of values is applied an in- There undoubtedly is still a con- crease will be found to have occur- siderable market in manufacturing red; it is of even greater import Shanghai and Europe via Siberia President Lincoln lines
British open to the
ance that, while imports exceeded manufacturer, to whom we offer
exports by 289 million marks on pre most generous tariff
June 30, 1929, there was a surplus Amoy ference in the world-a preference of exports over Imports of 508 ranging from 20 to 25 per cent," "The value of said Mr. Forbes.
American Porta this preference to the United King-1930;. if reparation deliveries aro E. & S. Africa and *South left out of account exports were dom manufacturers alone is over 1,000,000
Head Office: 65, Broadway, New York.
Capital Barplus Reserves
‚'U.S.$6,000,000
1.9.$1,672,454 U.S.$1,908,200
BRANCHES S
Amsterdam Antwup Atband
Ghugow KATION
Nico Nagle
THE BANK OF CANTON, LTD. the
Established 1912.
Pira
Pasla
Hambers
Facia
Palembang
Funkana
Semarang
Low-linds, Makaesar, Madan, Padara Pablo Penang, Besgoco, Boitzetam
boles Bhanghai,
Borstal (Buzatra), Bingapore, Soerakarta (Solo), Tegal, Tjiłajep and Weltevreden
Berlin
Hors
Tenang
Herria
Bomber
Interlaken Jerusalem
Faking
Bestien
Lido t
Bresle
Basson Ar
Kako
Gulosila
Palermo. Rotterda BOE.113
Lamboox Shangh Benthampton
BAKOXES-Handfarmaatu, Dandong". Botniay.
Calotille, Charlion, Disbee, Djoki {Akarta", "150_ Hagua', Judith, Esb
• These for baya and depoel baie to Londra Bankers:~~Nellonal Provincial Bank Ľad. Coerstpondants all svar the world
Banking Bulbees of every description transacted.
A. STOKEINK
Leting Manag
Homs Hong, th August, 1980,
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
96, Boulevard Haussmann, Paris.
Cantee
Veterbo***
Constantinople Dopenbaran Ediabary's
Ploegnes Charts
Landoo
Liverpool
Laerda Lagano Lazor
Marilla
Monia Carlo
Manila
Manich
Mooievaa Kilan
-- Mosthe
Tienda
Vienna Vrula Yokohama Enrich
Branches of American Express Company in Principal cities of Unit- ed States of America and Canada.
All classes of Commercial Banking Transactions undertaken.
Personal Subscribed Capital Fre. 72,000,000.00 handled. Fald-Up Capital...Frs. 88,400,000.00 Eeserve Funds.Fra.102,000,000.00 BRANCHES: Hong Kong Quinhen Bangkok.
Saigon Battambang Huo
Shanghal
Gantho Mengtze
Xam Dinh Singa
-
Canton
Djibouti
Neamez
Fort Bayard Papects
Haiphong
Harkow
Hanoi
Peking
Thinh
Tientsia Tourene Pron-Fanh Vinh Pondicherry Yunnanfu BANKERS:
•
'IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Farie et des Pays-Ba Credit Industrial et Commercial; So-1 clate Generale.
IN LONDON: The National Pro- vincial & Union Bank of England, Ltd.; Comptoir National d'Escompte de Paris: Credit Lyonnais.
IN NEW YORK: J. P. Morgan & Co.; French American Banking Cor paration; Guaranty Trust Co, of New
York.
investment
1
accounts
The Company offers to intending Travellers the use of its "Travelers Cheques" and Letters of Credit and, In addition, the world-wide services of its thoroughly equipped Travel De- partment.
Afiliated with
Head Office: Hong Kong- Authorised Capital (15.1. Curren07) $18,000,000 Pild-Up Caplink seniemuinensanmerk Basers Fund
0.051.000
4.15 p.m.
.5 p.m.
Dee. 29, 5 p.m.
TUESDAY, million marks on the same date in Straits, Ceylon, India, Mauritius,
Registration Letters Ho Sang DECEMBER
..6 p.. 5 p.m.
30.
9.30 a.m.
i p.m.
$1.
Tai Yuan
8.90 p.m.
· 5-p.m. -
5 p.m.
3.
WEDNESDAY,
Canton, Shanghai, Kanker, four million sterling, that is to say nevertheless greater than imports Swatow, Amoy and Foochow *Bangkok, Hen Fat and Ben Franciaos that if there were no preferencas y 139,875,000 marks
their goods would be charged with that additional amount of duty,
CORRESPONDENTS
→ LONDON DANİERS (—~ The Lord's Bank, Limited.
To all principal cities of the World.
Forgangs and banking business of every Ameription transected.
Bale Deposit Boxse (variom nieoe) at a yearly ranial of from 10 10.
LOOK POONG SHAN,..
Chief Manager. Hong Kong, 14th May, 1980.
*
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE
25, Granahurch Street, Loodan, EA, - Authorised Capital....23,000,000 Subscribed Capital 1,800,000 1,050,000. Pakl-up Capital .... Reserve Fund and Rest 1,646,506
DANKERĄ.
The Bank of England # Wfidiend Hank, Ltd. FRANCLER Bangkok Ipoh
New Tak Prod Estar's Oalentia Colombo D
Out
Karscht
Kota Bharg
Kinala Href
Kuala Lipia
Kuala Lumpur
Rors Long Kes
THE CHASE NATIONAL BANK Bombay
Resources Over G$2,500,000,000
E. W. DUGGAN,
Manager.
THE BANK OF CHINĂ.
+
Reorganized October 26, 1928, under special-charter of The National Gor-
Interest allowed on Current Agent as an counts and Fixed Deposits according |
to arrangements....
INTERNATIONAL EXCHANGE
BANK.
Por Lone
**(Mauritus)
Hargoon Shaoghal
Kuantan (Fabang) Blogspora te
Madrasa Souzabaya
HONG KONG BRANOH.
Eray description of Backing and Exchange boat
Dennetad
Travellers Choques izauad,
Trustee and Executorships under taken.
INTEREST lowed on Carrees feceranta and Fixed Depodia as Bates, that may be ascertained im application. T
F. THOROUGQOD,
7's Bond-Central.
Toor Xong, Lich Apr 1900
Every description of Banking and Subscribed Capital ....$25,000,000.00 THE BANK OF TAIWAN,
Exchange Business transacted.
A. LECOT...
Safe Deposit Boxes to let
Manager.
Hong Kong, at May, 1929.
THE YOKOHAMA SPECIE BANK
LIMITED.
Established 1880.
Pald-Up Capital.....$24,710,200,00 Beserve Funda ........ 3,820,508.82
HEAD OFFICE: 'SHANGHAL
HONG KONG BRANCH:
4. Queen's "Road Central.
Owing to our numerous branches
Manager,
It is, of course, adds the report, Amoy true that reparation deliveries de Shanghai
"There is little doubt that if it not assist in adjusting the balance Cebu .. were not for our high British pre-of payments, but it should not be ference, keen foreign competition would have made considerable in roads into British trade with us, with corresponding detriment to British Industry."
Montevideo Maru
Hai Yang
DECEMBER
Lee Sang
FRIDAY,
Jason JANUARY
and
(Due Brisbane, Jan. 19, 1981.)
St. Albans New Zealand vin Brisbane .... overlooked that they provide Ger Manila, Rabaul, Australis man industry with work, help in keeping down its overhead costs and enable it to form valuable foreign connections which it might other wise not obtain and which will lead to genuine orders for renewals and replacements in the fature.
Amount Over-estimated."
Swatow, Amoy and Foochow
Manila
Straits, Ceylon, India, Mauritius, E. & S. Africa, Aden, Egypt & Europe via Marseilles
Parcels Registration Letters
K.P.O.
Parcels
Registration
Letters
Jan. 2, 11 a.m.
.12.45 p.m.
.1.30 p.m.
2 p.m.
.3.80 p.m.
Hat Ning Empress of Russia
Ranchi
(Duo Marseilles, Jan. 80, 1931.) G.P.O.
Jan. 2, 5 p.m. Jan. 1, 4.80 p.m. Parcels
Jan, 3, 9 a.m. Registration Jan. 8. 9.45 am. :10.30 am. ..10a.m. Letters
Sir Gilbert Vyle, chairman of the British Preparatory Committee for the Imperial Conference, pro- posing "The trade of the British Empire," nald: "To-day the com-
There is not the least doubt, adds! mercial people of this country ac cept the principle of the offer made tho report, that Germany still re- by the Prime Minister of Canada,"quires a certain amount of long- There was an urgent necessity for term foreign mosey if she is to the setting up of an Empire buscan supply her normal capital needs and for the collection and dissemina-meet her foreign obligations; but tion of trade information not only the quantity is probably less than within the Empire, but equally for a generally supposed. The forma- Sandakan trade without. To make this real-tion of capital is already consider-Manila, Australia & New Zealand ly effective would imply the need able, and it is rather a question of the right for an Imperial Consular service using available resources and an Imperial Trade, Commis- way than of increasing than by sioner service to be charged with borrowing abroad. the collection of information.
EUROPE'S U.S. DEBT.
via Brisbane
*Superscribed
As in all countries with heavy taxation, large sums of German money have been driven out of the Manila country, the total being estimated by responsible judges at about 7,000) The October saus of World million marks (2350,000,000); if Trade, the quarterly review of the means could be found to attract International Chamber of Com- these funds back there would be European-American Balance of borrow from others. LTD., contains an article on "The little necessity for Germany to For the current year her require- Payments, 1928 and 1929," by Dr. Ralph A. Young, of the United ments should certainly be covered States Department of Commerce. by the proceeds of the reparations
- (TAIWAN GINKO.) HEAD OFFICE:Talpeb, Formosa. Incorporated by Special Imperial Charler, 1899.
Central Bank in Formma;
SATURDAY,
SATURDAY,
JANUARY .8..
Hin Sang
10 am.
Brisbane Maru
(Due Brisbane, Jan. 18, 1931.) Parcels
Registration
Letters re JANUARY 10.
....Jan. 8. 4 p.m.
.4.15 p.m.
...5 pat
Empress of Japan. 3.30 p.m.
correspondence only..
WHEAT POOL
ECONOMICS OF THE GRAIN TRADE.
Mr. Sydney 8. Gambell, at the
accumulate data relating to supply and demand conditions which should be fuller than those avail-- able to small private traders, and accordingly be able to outguess other sellers; and British buyers, in planning buying and selling Dr. Young Bays: "European-Amer-loan, the match monopoly loan, and City of London College on October campaigns. So far aa menninga ican balance of payments state few others which it has been pos 29, gave the third of his four lec could be attached to such nebulous Bank-Wolne Larsed Average amount on 4,000,000 ments for the past two years supply Bible to place. This influx of fortures on "The Economice, of the phrases it seemed clear that all the a vivid picture of the volume and eign funds has not influenced the Grah Trade," dealing on this oc- alms were mythical while the FJAPAN TA 228 AND AGENCIES1- Tokohama, Lube, Danku,
anada and her FORMOSA Gibran, Bagi_Karenko, Lalong character of the various business industrial situation in Germany, casion with "Canada and her methods of their attainment were calculated to entail, and in lament- Who Has Bach,
dealings-itemised by broad classes and it would be a mistake to assume Wheat Pool." In China and large connections in the Takso Tamaal, Town, Hello, Talk
Hmbow, Andy Toosbewhich Europeans and Americans that even more extended borrowing In contrast with the old form of ably large measure had already important commercial centres of the CHURA: Shangha
would have the same. revivifying organisation, he said, the Fool was entailed, a vast amount of injury. Capital (fully paid-ap) Yen 100,000,000') would, we are able to extend to our OTHERS-Hang King, Binrepors, Borsbars, I have had with each other.", "A
"The principal European coun- effect that it had five years ago not mainly concerned with mer to the permanent interests of the Eeserve Fund. Yen 118,500,009
Sir Herbert Browns, who presid tries," continues Dr. Young, "are When fresh money la obfainable it chanting costs: Its main object was Canadien prairie farmer. Head YOKOHAMA,
indebted to the United States Gov will be needed for consolidating to raise the basic price of Canadian ernment, as a result of debt settle existing short-term, indebtedness, wheat in consuming markets by ed said that the Canadian Pool Branches and Agencies atr
ments, for approximately $6,000 for meeting the service an old loans, exercising "control." The methods had branded factors and brokera Alexandria
Nagoya
000,000, figured on a 5 per cent for converting them into new ones whereby this "control" or "dista as unnecessary evils, and thereby Newehring
Interest basis. Befors the War at lower rates and for covering de Hon" was to be attained were ex-deprived fiself of additional New York
European Investors probably had ficits. There will not be much over pressed as "orderly marketing, bayers. These factors and brokers $5,000,000 in American securities for the financing of industrial "feeding the market, "stabilising worked for a cut margin of opera and properties. These investments orders. were extensively liquidated during
Batavia
Bombay Burnos Aires
(Temporarily.
closed).
Calcatta Canton Changchaa
Peking Rangoon Rio de Janeiro Baigon
Dairen (Dalny) San Francisco Fengtion (Malden) Seattle
Hambergs
Hankaw
Harbin
Hon Long
Honofala
Kal Yuen Karachi Kobe
Semarang Dalarie, Bombay. Loudes, New York, Darm
LONDON BANKERS
Caloutta
clients special facilities for domestic: and foreign banking and exchanges.
We also handle the Issue of Bonds Zomion County Whistle and Pura Bank and other Public Funds of the Uhin- we Government both at home and Comments: Centre, Seongkak, Dungworld.
The Bank har Correspondent to all the principal
K. MAGURA). abroad.
SHOU J. CHEN,
megang Maunger.HONG LONG BRAMOM,
Ds. Your Boéð Canina); Hong Kong, 6th March, 1980, Hong Kong, 19th January, 1990.
THE BANK OF EAST ASIA, LTD.
Established 1918,
HEAD OFFICE:
10, Des Voeux Road, Central, TONG CONG
Bemarang Bhanchal
Shippo 1.
Capital and Surplu
Total Resources
Bingapore Boerabaya
over $ 8,000,000.00 over H.$30,G
Every description of Banking and Exchange
Current and Fixed Depoall Acepants in local and for
currencies opened for clienti 35 Savings Account and Safe Deposit Branches and Are
KAN
PO
the War, but in the fast half-dozen
Essentials to Recovery.
the market, elimination of specuing cost, and served a most useful lation, "aliort-circuiting of the purpose. He marvelled that a body marketing system represented by of farmers should entrust the sell- years have again recovered a Dealing with the remedies for the the Winnipeg Grain Exchange" (a lag of their produce, but having magnitude approaching, although present distress, the report states system, Incidentally, which had done so, they should not be too not rivalling, that of the pre-War that the three cssential postulates raised Winnipeg from a frontier critical of the errors made by their are a reform of Internal political settlement to something like the selling agency in 1929, which in period.
At the close of 1929, these in- and financial administration, are metropolis of an inland empire), its misjudgment of demand and vestments totalled about $8,350,000 form of public, financial policy and and finally "outguessing." This competitive supply, had erred in 000, At the end of 1923 and 1020 a drastic reduction of retail prices last was the use of the resources company witly many other trading terised the Import Board idea as foreigners had 12,998,000,000 and The last will probably only come of the large-scale organisation to organisation, Sir Herbert charac
about through the pressure of cir 88,087,000,000, rozpectively,
foolish and impractical. short-term Investments in America, cumstances.ETYRA
That there is scope for a reduc have little to do with the actual world was too vast for a cor
Тол while Americans 1,308,000,000
inffon of retail prices there can be no requirements of the people, thus ner in wheat, he said. and $1,484,060,000
In the items of the past be successful this unust, entall doubt. The cost of living fridex has the were fallen since the middle of 1929, but year, has been more than counter tight grip both on consumption of Although It's a perfectly correct balanced by the rise in those bur--and production, and no one had mathematical formals, is at the dans and neceses which the Index yet found out how that was to be
achieved. same time based on elements which gusres