Page
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorised Capital
50,000,000
Issued and Pully Polup $20.000,608
Becerra Funds :-
Burilor. På 600,450
#ver
Rowe tables of Propelators.......... 36,00_And
HEAD OFFICE: HONG KONG.
BOARD OF DIRECTORS—
J. A. Plummer, Eng
Chairman.
Ron. . . . 8. Maska. Deputy Chairman.
W. I. Ball, Eng. Hon. Mr. J. 3. Paterson
▲ Compton, Esq. T. E. Per E
1. Laskar Lawin, Peq. T. . ., Eng
. Mihin. Eaq.
MOT
BANGKOK,
BATAVIA
BOMBAY
CALCUTTA
-CARTUS
CHEFOO
VOLUMINIU
DAIDEN FOOCHOW KAIPHONG
HAMBURG
HANKOW
HARDIN
HOKOKUW
ILOILO
1101
JOHORR
KODE
KUVLİRƏN
1. P. Warren, kaq.
Chief Manager.
V. M. Graybura, Keç.
BRANCHES:-
KUALA LUMPUR
LONDON
LYONS
MALACCA MANILA
JAR
(Johor)
UTKDPR BAGABAKI NEW YORK
PEIPING
PENAND
BAKOOON
SAIGUS
SAN FRANCISCO
SILANOMAL
SINGA PRE
SUNORI PATANI
-DURABAYA
TEEKTSIN
TOKYO
THING PAC YOKOHAMA
Durreal Accounts upound lu Local Currenaz and Pra Ungunit and for one or barter parcel in Lost Curruser and trilog enterios which will be quoted on spplicaties Hong Kong. at April, 1986,
HONG KONG SAVINGS BANK.
The union of the above Bank is rundack
and by the ONO RONO ASU SHARURAL
BANKING CORFDUATION,
elained on application.
Puter us b
F THE HONGKONG AND SHANGHAI BANKING CORPORATION,
V. E. RAYULEN.
Boag on. 18h July, 1930.
Chet Manager.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
INET BERLANDS TRADING SOCIETY:
DANKERS.
Established 1924. Long Boug Oons-1), Quand's Road Central. Authored Capital Guilder 30,000,000- (£17,500,100)
Bald Capisat Oathi 90,080.000 126,609,170) Fund
Guildan 40,015,000 (28,874,589)
So
Head Goo:-AMSTERDAM* Eastern Head US-BATAVIA.
SRANCHES:-linacierami, Bandong", Bombay,
Cheribou, Dibar, Djok The Haque, Jeddah, Koba Boltedis, Makacant, Budao, Padang Palembang. Pekalongao, Frasay, J'onlizua Rasgow, ikritardam", Semarang,
Sanghai, Bibelga (uretral Singapoer, Hoursbala Sostakarta (Batoj, Tegal, Tjilaje mod Weltorredsa
* These obrne hava ente diposit boxed 10 bal. London Zantom-ations! Provincial Bank Ltd.
Carvepandemia all over the world
Banking bustaban di stery dneription transacted.
A. STOKKINE,
Aculog angst.
Hong Kong, 15th August, 1900.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
96, Boulevard Haussmann, Paris.
Subscribed Capital .Frs. 72,000,000.00 Paid-Up Capital... Frs. 68,400,000.00 Beserve Funda. Frs.102,000,000.00 BRANCHES:
Bangkok Hong Kong Quinhon
Saigon Battambang Hoo
Mengtza Gabo
Shanghal Canton Nam-Dinh Singapore Djibouti Noumen Thanhea Fart-Bayard Papeeto Tientsin Haiphong Peking Tourane Harkow Pnom Penh Vinh ilanoi
Pondicherry Yunnanfu BANKERS:
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Barque de Paris et des Pays-Bas; Credit Industriel et Commercial; So- ciete 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.; Fronch American Banking Cor- poration; Guaranty Trust Co. of New Yurk.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. lacorporated by Royal Charter, 1863.
HEAD OFFICE: LONDON.
Palup Capital
£3,000,000
Reserve Fund
.£4,000,000
Reserve Liability of Pro-
prietors
.£3,000,000
Agencies and Branches:
KUALA LUMPUR
(Malay Mielas)
KUCHINO
AMIUTAR
BANGKOK
MADHAB
MANILA
MEDAN
ALOR BAR
BATAVIA
BOMBAY
CALCUTTA
CANTON CAWNPORE
cal.ono DAIREN (Dany
South Manchuria) PELI
ITA PRONG
HAMBURG
HANKOW
HARBIN
IN. Manchur
NEW YOKE PEKING PENANO PESHAWAR RAMIOON BAGON SEMARANG BEBEM DAN KitANGHAI
SINGAPORE
NOURADAYA
TAIPING (PAL.3.)
HONG KONG
TAVUY
i1.011.0
POW
KARACHI
KLANG
KORR
KUALA KANGDAE
(Pak P.M.S.}
TUENTSIN
TORTO
TONGSAH (Dhuhel}
TSINGTAO
YUKOHAMA
ZAMBOANGA
(bil:pplas lande)
Foreign Exchange and
Banking business transacted.
Солога!
Current Accounts opened and Fix-
THE CHINA MAIL.
and
Commerce
Finance
NATIONAL MUTUAL REPORT.
STEADY PROGRESS.
report
In our Advertising Columns will be found the figures of the posi- tion of the National Mutual Life Association of Australia, Ltd..
the by revealed 28 of the transactions før the
September ending year 1930 showing steady progress all
long the line.
N.Y. REDISCOUNT RATE.
30.
BRITISH TRADE.
GLOOMY ECONOMIC RECORD FOR THE YEAR.
HOPE OF IMPROVEMENT.
Glancing backward over the past year is a gloomy procedure. contemplating the
HONG
WEDNESDAY, JANUARY 21, 1931.
KONG MARKETPRODUCE.
APPROXIMATE RETAIL PRICES.
Butcher Meat.
Beef Birloin
牛中
Jan. 1, June, Jane,
Capons, Small
Large
Poultry.
1931. 1918. 1914.
CtCts. Cta.
lb.
BO
24 · 12
Chicken
-
Prime Cut
30
20
11
» Corned
29
13
H
Roast
Capons, Duck
80 24
22
Breart
Doves
29
20
18
Scop
25
20
18
Eggs, Han (cooking)..
Steak
H
80
24
22
Eggs, Hen (Croah)
*
In
1*
Steak Sirloin
44 80
35
Fowis, Canton
» Sausager
$6
26
20
Fowls, Hainan
per sot 15
Geess
10
13
+
Tongue, fresh ....
cách 6.
50
60
76
Tongue, corned
60
27
Head
.. $1.00
-$1.20
**
Heart
牛
1b. 24
18 14
-
20
18
Et
abundant evid-
Ballock's Braina
Hump, Sals
Fost
Н
T
Kidneya
Tall
Liver
Tripe
ence of the verification of the old proverb that, "It never rains but it pours," one is left to seek what grains of comfort one may in the hope that its fellow, "It's a long lone that has no turning," will prave of equal truth. The picture,! a review of 1930, must unfortunate- ! ly present one of unrelieved grey-
The financial world complains of lack of business equally' with the industrial; falling prices for the staple British products have bean accompanied by even more serious declines in those of the Empire - Saddle overseas, and of the plantation pro- Pig's Chitlings
Brains ducts and minerale in whch British capital and British brains buve been so heavily invested.
ed Deposits received for 1 year or Reduction Designed to Help Trade nega. shorter periods at rates which will he quoted on application.
A. R. FERGUSON,
Manager. Hong Kong, 8th January, 1929.
THE HO HONG BANK, LTD.
(Established 1917.)
HEAD OFFICE:-SINGAPORE, Heng Keng Branch: 13, Queen's Itd. U
Authorised Capital Straits $20,008,000
lesued Capital Paid-up Capital
Beserve Liabilities
of Shareholders. Surplus
2,526,000
Position.
New York, Dec. 23. While stock quotations were los ing their earlier gains in Wall Street 10-day the New York Federal Reserve Bank announced a reduc tion in its rediscount rate to two per cent.
As far as the domestic conditions
Calves' Houd & Feat Mutton Chip
19
新鮮蛋
本地藝
## ZKKA8 #**#9ERS
點線妮與班鸡新本海泰白海火火沙由美
Jan. 1, June, June,
1931, 1918. 1914.
Ctr. Cla. Cta
lb.
60
30
52
"
#1 58
28
28
22 38
each 35
H
FB
ន គ ៦ ៨ ឆន ≡ ចង 2ឌី | គ | | | |
22
per doz. 35
18
38
26
И
lb.
36
津南戳
50
મા
85
11
42
24
Each 40
80
28
28
Ib.
75
30
each 25
pair 2.40
ench
25
10
each 10 10 12
Pigeons, Cantor
Holhow
Turkeys, Cock Turkoys,
Snipe ... Pheasant
Hea
Quail Partridges
Fruits.
N
15
10
A
12
25 20
22
10
4
街 1. 24 18 14
10
6 7
牛仔頭
Bet $1.20 $1.00 $2.00
Leg
Shoulder
求
***
猪
TE
Feet
H
Fry
Head
#
Heart
Kidneys
*
Liver
"
The two per cent. rediscount rate! is the lowest in the history of the Federal Reserve System. The cut are concerned, the position is re- 8,000,000
flected in the figures of the turnover is designed to 4,000,000 in the money rate
the general economic of the London Clearing House, holster up 4,000,000 situation, which many experts, de- "Town" clearings, which are an in- Pork Chop clare is responsible in part to con-icator of financial activity, fell by Branches, Agencies and Corresponcentration of speculative Interest in 1.9 per cent. for the period to the The reduction in the New York Federal Reserve Bank's rediscount rate is also designed to aid banks which may require temporary sup- port. Unted Press.
dents in the principal cities of the world.
Every description of Basking and Exchange business transacted.
TAN ENG HOOL,
THE
INC.
Manager.
securities speculation.
The total C.E.R. receipts for 1930 AMERICAN EXPRESS COMPANY, amounted to Gold Rels, 47,270,000, being about 15,000,000 roubles less han the estimate. The profit money amounted to Gold Rbla. 3,143,682 and the sum of Gold Rbls. 142,468 has been carried Forward to the next term.
Head OfEee: 65, Broadway, New York.
Capitol Surplus Reserves
.U.S.$6,000,000 .U.S.$1,672,454 .U.S.$1,808,209
BRANCHES
Amaluriam Antwerp Albans ESAS Berlin
Bartite
Bombay
Делшай
Brusasia
Новиот Діров
Catro Calcutta Cate
Gesc Glasgow
Hambura
Larre Interlaken Jerusalem Add Gooden
Liverpool Lucerse 1.рала
Niloe Naples Pitkaus Parts
Толидд
Rotterdam Bome
Colombo
Constantinopla
Copenhag
Luxor
Marvello
Monte Carlo
Hanlin
Edinburgh
Munich
¥emar
意思
Floo ONDETS
Ireking Warmo
Khaba Scalbampion Singapor
Ft. Morita
Teciala
Vianna
jukoba
Zorica
Branches of American Expres
Company in Principal cities of Unit- ed States of America and Canada,
All classes of Commercial Banking Transactions undertaken.
Personal investment
handled
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
Affiliated with
THE CHASE NATIONAL BANK Resources ..Over G$2,500,000,000
E. W. DUGGAN,
Manager.
THE BANK OF CHINA.
行銀國中
Reorganised October 28, 1928, under
special charter of The National Gov- toterest allowed on Current Ae-ernment as an
counts and Fixed Deposits according INTERNATIONAL EXCHANGE
to arrangements.
Every description of Banking and Subscribed Capital.....$25,000,000.00 Exchange Business transacted.
Safe Deposit Boxes to let.
A. LEGOT,
Manager,
Hong Kong, 1st May, 1929.
THE YOKOHAMA SPECIE BANK, LIMITED.
Established 1850.
2
Capital (fully paid-up) Yen 100,000,000 Reserve Fund .......Yen 118,500,000 Head Office:YOKOHAMA. Branches and Agencies at: Alexandria
Nagor Nowchwang New York Üzske
Batavia Bombay Buenos Aires
(Temporarily closed).
Calcutta
Canton
Changchun
Dairen. (Dalny)
Peking Rangoon
Rio de Janeiro Balgon
San Francisco
Fenstien (Mulden) Baattle
Hamburg
Kaukow
Hartin Hong Kong. Honolula
Kai Yuen Karschl
Robe
London
Les. Angeles Byons
Semarang Shaccual Salmonozaki Blogapore Soerabaya
Tokyo Tainanfa Tsingtan Vladivostock
(Temporarity closed) Interest allowed or Current
Maril
Nagasaki
comita, Pune
Daposits received for fixed. perioda
at rates, to be obtained on applies.
Hon
H. MOBI *Kong, 10th September: 1980.
BANK.
Pald-Up Capital Reserve Funda
-$24,710,200.00 ..$ 3,820,503.82
HEAD OFFICE: SHANGĦAL
HONG KONG BRANCH:
4, Queen's Road Central.
Owing to ear numerous branches in China and large connections in the Important commercial centres of the World, wo are able to extend to our cllants special facilities for domestic and foreign banking and exchanges,
THE BANK OF CANTON, LTD. Established 1912.
Head Office: Hong Kong. Authorland Capital (H.K. Currenty) $11,000,000 8,000,000 Fald-Up Capital
,000,000 Beveres Fund...
BRANCHES:-
Cacion, Bhanghai,
Hankow, SwaIGW,
Bangkok, New York and San Fran
CORRESPONDENTS
LONDON BASERUS-
The Joyd's Bank, Limited.
lo al principal cition of the World.
Poreign szefange and banking businar ul
vary discripilou trated,
Bale Dapol Boxes (Tarim is) at a yoriy restal of From $3 to $40.
LOOK POONG SHAN,
Chief Manager. Hong Kong, 14th May, 1930.
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE:
16. Oracechurch Street, London, EC.a.
$3,000,000 Authorised Capital
1,600,000 Subscribed Capital Paid-up Capital ..... 1,050,000 Reserve Fund and Rest 1,040,506 BANKERS:
The Bank of England & Midland Bank, Ltd. BRANCHES:
Bangkok Ilaria Bombay Calcula
Colombo Delt
Ipoh
Karachi Xota Bhar Kuala Krai
Kuala Lipla
Galle
Kuala Lumpur
Под Колк Howrab
Now York
Port Loals
(Mauritius) Bangoon Shanghai Simla Kuantan (hang) Singapor Madras
Rourabaya
HONG KONG DRANCH, Every description, of Beaking and Exchange busi Sees transacted.
Travellere Chappen inrmed.
Trustee and Execatorships under taken.
INTELEST wlewad on Current Accounts and
on appucation.
Fixed Deposit at fates that may be ascertained
F. THOROUGOOD,
7. Queen's Road Central.
Tiong Kong. 1h April, 1980,
|
Manager.
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)
HEAD OFFICE:Talpeh, Formosa. Incorporated by Special Imperial Charter, 1899.
Central Bank la Formosa, Dark-Noten sued Average 2,000,000 BRANCHES AND AGENCIES: JAPAN Tokyo, Yakobama, Kobe, Osaka,
PORKDSA-Giran, Kugh, Karenko, Klubf keng Nanto, Bllachiku, Taicho, Tainas, Takso, Tammal, Toes, Heito, Talia.
Toes, Fleita, Talia. Fochow, CHINA-Baughel,
Swatow, Canton
Bingapore, Booralaya, offers: Hoog
Bauerung, Belaria, Bombay, London, New York, Dalwo
LONDON BANKEIJ:
1.eg
"
Loin
Fat or Lard
"
middle of November, compared with the same period of 1929. "Country" Sheep's Head & Feet. clearings, an index of industrial activity, fell by 3.6 per cent.
Cheap Money During the Year.
Heart
IN
**
Kidneys Liver
Money was cheap throughout the Sucking Pigs, to order year, but discount rates were reguet, Bee! latively even lower. A reduced volume of commercial bills offering Veal for discount was a natural result of depressed trade and falling prices, but the volume of Treasury Bills was also curtailed in
BR
Mutton
Sausages
"
No. 1.
**
Fish.
endeavour to reduce the floating debt, which, though approved by Barbal Rnancial pundits, was extremely in- Bream
*
芈
所肚脚手由諾什 心肝脾油脚心要肝猪油油由
$ € £
势
牛羊仔仔
convenient to the discount market. Canton Fresh Water A
While the supply of bills thus fell away, the demand was increased by Carp resources of the joint stock banks | Catfish for which they could not find em Codfish ployment in Anancing Industry Crabe
ab
Hence for the greater part of the Cattle Fist year three months' bills were quoted below 2% per cent., and frequently Dice
The marlat Dog Fish under 21⁄2 per cent. could, it is true,' often obtain day. Eels, Conger to-day money at 1 per cent, or
less, but the banks
continued to
44
Fish #
Fresh Water Yellow
charge 2 per cent, (one per cent. be-Frogs low Bank rate) for weekly fixtures. Garoupa Bill brokers were therefore added Gudgeon
to the ranks of those who could Herring justifiably grumble at the unprofit- Habbat
able margins upon which they were brus obliged to conduct their business. Leach
The Stock Exchange,
In addition to adding to their bill
Lobsters Mackers!
holding the banks and other finanMonk Fish cial houses were large purchasers Mullet in the market in gilt-edged secur
Oysters
Itics, where their activitica were re- Parrot Flab
inforced by purchases out of sav Perch ings which cautious Investors would | pike not venture in any more specula-Plaice tive field. Outside the gilt-edged Pomfret, White sections the Stock Exchange had a Pomfret, Black far from happy year.. True, it had Prawns to withstand no shocks comparable Ray
the Hatry collapse of the pre-Rack Flah ceding Autumn, but it had to con-Roach tend with recurring bouts of selling almon
Shark from other centres.
The nervousness induced among Skate
investors by various scandals which Shrimps the collapse of the boom of 1928-29 | Saxpper had disclosed was followed by a well | Shtes justified apprehension as to how the Tench earning power of British companies | Turbot,
would fare in the face of world- Turtlea, small, ir, water
wide trade depression. With deal.
ings in consequence reduced to a
rose
ESSER
甩肚 水的深 魚魚魚魚魚 魚 魚时料斑魚白平花魚魚魚魚過魚蝦公魚鱷魚 **SLENMES ESPAKETISKAZNUÈERER#1==?}*Z2EENBRE 公斑
石狗公
ib. 30 20
36
Almonda
Apples (California)
$$
DAR
נו
61
24
ཏྲྰཾཎྜཚདྷཎྜཚསྶ།ཨཽ།||9| | | |
10
25
80
24
*#
1b.
85
81 &
金山啤梨
22 11
36
Bananas (bride's)
30 27
燕山香藥
17
Per set 3
Carambola
Ir
16
15
Coconuts
4 cách 13
28 16
#
10
18 20
+
金山懷際 oach 12
荔枝干
50 25 10
Oranges (Canton)
新會甜樵
"
Oranges ...
***
Pears (Canton)
D
cách 16 10
13 10
lb. 48 30
+4
TINKERS-2 | 2182.STER 11T
36 25
36
42
00
28
21
per set 20
60
each 12
B
7
15
12
45 2G
15.
25 25
30 20
$8 26
22 20
28
lb. 42 10
24
24 20 16
#
"
I
"
+1
Д 10 FI
each
11
Lemona, China
Lemona (American)
Lichees Dried
Peanuta
Persimmons Large
Plantain
Fumelo, Sism
Walnuts
44
2 lb.
"
17
花 生
- bli
*
#
B
P
12
16
མྨཡ |ཋ མྨ ཋ " ུ ཋ ༷ } — ཛྱཱ སྐ ྂ
16
Grapos
5
Hi Hi Hi cạch 14
€ 18 lb. ## +
Vegetables, &c.
Artichokes Beans, Sprout
18
50
12
Long
Beet Root Bitter Squash Brlajals,
וד
(Medium) PRIE
竹菜饼頓瓜瓜瓜菜菜笋花花花笋菜干椒椒特瓜鐡程 米秦路 蜕薏如菜薯仔仔仔菜頭菜
#
*
each 10
נו
ཕྱ ཎྛ ༅ ུ | } | བྷཱུ སྐ༅སྐུ|།
24
||ARANCE | | |--~
15
9812121 |
12
0
16
-∞∞∞∞--LHSS-anal } | | 00 | AN
b.
5
P
10
Н
8
Green
4
13 16
Rod
6
27
Cabbage, Chloese
8
0
(Shanghai)
12
17
Cane Shoots, bunch..
8
20
Caulfower (Large)
大梛榮花
each 16
16
97
13
"
10
(Small)
經都榮花
10
Carrota
...
27
B
Celery, Chipess
###
10
10
Chililes, Dried
辣椒干
14
25
"
8
Red
***
16 10
10
26. 30
Green
#
8
12 B
25
Curry Stuff, English..
+0
10 8
40
30
Cucumbers
y
2
13
6
6
Garlic
23
Ginger, Young
16
15
ota
10
10
32
13
62 24
Horseradish, Shanghai Indian Corn
36
8
8
46
32
21
1
Lettuce
20
20
Water Chestnuts
6
2
Mandarin
1)
Mushroom
Fresh
Okroon
15
Oninas, Bombay
27
D
Green
1
20
Shengbet
上海
30 86
Parsley
45
Putato, Sweet
14
Japanese
10
24
18
Pumpkin
10
Radish
39
16.
.10
Shallots
16
20
Spinach
80
Tanatoor
28 $28
28
28
27
26
BG
12
17288289292889NRACA¤**82**************
ដំរី ន គ ត ន ត ង ន ព ន គឺ គឺ ន ង ៩ ន ន គ 4 ឌឹ គ ន ន ន ន ព ទ ឬ 8 × 2 ឥ ឌ ឍ ន ន ន ន ន ន គឺ
1.00
month trade
38
American
Rhubarb (Fresh)
Taros .....
Turnips, Punti (Long)
Vegetable Marrow
Water Grass
紅莉
干您
8
8
3
7
B
25
60
B
Б
3
$
E #
4
15
Water Lily Root ....
避
6
16
10
was on the mend. This ernment of India and will coll-
The falla in
minimum in the industrial and "Economist") speculative sections, prices sagged. from 12.6 per cent. in January to optimism received some support in aborate with the Indian Central The Financial News index of the 18.7 per cent. in October. The responsible circles, but the more Banking Inquiry Committee in the value of 30 "active" Industrials index of production compiled by the general disposition was to view the conclusion of its labour. (average of 1928-100) rose from London and Cambridge Economic outlook cautiously.
They were met on arrival by 86.6 at the beginning of January to Service fell from 114.8 per cent commodity prices appear, however, the Joint Secretaries of the Com- n highest for the year of 88.8 in of the averages of 1924 in the last if not arrested, to be becoming less mittee, Mr. V. K. A. Apangarcand
Any improvement in Mr. R. P. Masani, March. Ignoring temporary fluctua-quarter of 1929 to 109.6 in the precipitate.
the members tions the Index fell to 72.6 on March quarter of 1930, 100.9 in the world trade will especially benefit of the Committee, and saveral pro- August 25, recovered to 77 by the June, and 89.8 in the September. Great Britain with ita vast exports minent local bankers. Calosti, end of that month but before the Exporta fell off heavily in all the ing and shipping interests, but for The party tonsiste of Mr. G. end of November was down to 74.8. thief groups with the exception of full advantage to be derived, reduc- Cassels, Manager, the Bank of Government Finance. locomotives and motor cars, and the tions in cost of production may be Montreal, London, Mr. B. Currie Market sentiment was further total for British manufactures and necessary in many cases. Stern ad- of Messra. Glyn Mills Co., London, weakened by a growing lack of con- products for the ten months Janu versity has stimulated the introduc- Dr. A. Frederich, General Secre Adence in the Socialist Government, ary to October, 1980 was 19.7 per tion of schemes of rationalization. tary, the Union Co-operative So- anxiety at increasing national ex- cent. below that of the similar ponditure, and fear that Mr. Snow-period of 1920. den will be unable when the Budget
We also handle the issue of Bonds The London County Westminster and Paựa Dank, and other Public Funds of the Chin-
The Bank has Correspondente is a the pindol oss Government both at home and oeminercial Fanizes throughout the world. abroad.
X. FAGURI SHOU J. CHEN,
Yangi Manager, HONG KONG BRANOW
8. Da Vase Bond Central. Hong Kong, 5th March, 1930..
Hong
Kong, 19th January, 1979,
THE BANK OF EAST ASIA, LTD.
Established 1918.
HEAD OFFICE:
10, Des Voeux Road, Central. HONG KONG.
Capital and Surplus
**** over H.$ 8,000,000.00 Total Resources.
*... over $30,000,000.00 Every description of Banking and Exchange business transacterttu
Current and Fixed Deposit Accounts in local and for- eign currencies opened for clients.
Savings Account and Enfe Deposit Boxes. Bratches and Agencies all over the world,
KAN TONG PO,
Uhlef Manager.
but in addition the fall in prices ciety, Darmstadt, Dr. C. Jeldels of will have to be accompanied by re the Beriner Haidels-Goscellaschaff, ductions in wages which it may be Berlin, Mr. A. P. McDougall, Chair difficult to effect without friction.
INDIA'S FINANCE PROBLEMS.
Smaller-Exports. is presented in April to meet his
man and Managing Director, the promise that taxation shall not be
Granted that prices wore steadily
Midland Marts, Ltd., and Mr. L.J.A, further increased. In the period falling, the conclusion cannot be
Trip, formerly President, the Bank April 1 to the middle of November escaped that the volume of exports The
of Java, and now Treasurer-General expenditure rose by £27 million was also substantially lower.
at the Department of Finance at compared with 1029. In part this declines in activity were not con
The Hague. la due to transferred expenditures ined to the basic industries, such
They declined
to make any, from the local governing bodies as textiles, shipbuilding, coal, and
statement and said that they had under the former Government's rat-iron and steel. Ferhaps the most
come to study the altuation in Ing reform scheine. If we include, disquieting feature of the situation
this country. They stay in on the revenue side, however, the was the falling off in branches of
Bombay till Monday, and during correct proportion of the items trade which had previously shown
the Interval will meet the Central transferred to balance this expendi- good progress. Registrations of
Banking Inquiry Committes in fore, then the Increase In recalpts new automobiles, for example, de
formally and fulfil a couple of over the same period was only £8 clined by about & per cent, and
social engagements. After this the output of artificial, aik fell from The Industrial Position 47,500,000 yards, to 41,450,000: In Prominent among the arrivals by they leave for Madras and other to-day'k, mall-boat, the as. Kaiser - parte of the country returning to The Industrial position steadily the first 30 months of 1850 worsened as the year progressed. Towards the end of the year cering, were six eminent European Poona at the end of January for Banking The number of Trade Unionista taim organs of the popular Press banking experts, who are visiting their work with the unemployed according to the tried to convinse their readers that India at the invitation of the Gov-Committee Allahabad Pioneer.
British Bankers in. Bombay.
Bombay, Dec. 12