BANK S
HONG KONG AND SHANGHAI BANKING CORPORATION.
Aulborian Capital $50,000.000 Isued and Milly Pudup $10,000,000 Berve Punda som
Haring.......... £6,500,000 Su......
10,000,000
Bears Liabily of Proprietore $20,000,000 HEAD OFFICE: HONG KONG.
BOARD OF DIRECTORY:—
Hon. Mr. C. G. H. Atackle, Chadraian.
I. Mr. J. J. Fator,
Deputy Chalm
W. E. Bell, Kan.
A. 11. Colon, Pag.
T. E. Pearce, Eng.
Ꮧ . Phammer. Bay,
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA., Incorporated by Royal Charter, 1553.
MADHAR
THE HO HOND BARK, LTD.
(Established 1917.)
THE
READ OFFICE:-SINGAPORE. Hong Kong Branch: 13, Queen's Rd, C. Authorised Capital Straits $20,000,000 Isaved Capital
Branches, Agencies and Correspon. dents in the principal cities of the world.
Every description of Banking and Exchange business transacted.
TAN ENG HOOL,
Manager.
HEAD OFFICE: LONDON. Paid-up Capital
£3,000,000
Reserve Fund .... Reservo Liability of Pro-
£4,000,000
prietora
...£3,000,000
Paid-up Capital ... Reservo Liabilities
21
8,000.000
**
4,000,000
agencies and Branches:
of Shareholders. Surplus
"
ALGR STAB
4,000,000 2,520,000
KUALA LUMP
(Malay ston)
коски
AMRITSAR
BASGEOK
BATAVIA
MANILA
MURDAY
MEDAN
CALCUTTA
NEW YORK
CANTON
CAMNPORE
PERINO
(C
PESANG
PESHAWAR
BAREN
Sono
South Manchur
D:1.11
SEMARANG
HAIPHONG
SEREMUAN
HAM:
SHANGHAT
HANKOS
SINGAPORE
ANOT
HARBIN
HOURABAYA
(N. Manchutin]
TAITING (F.M.B.)
1385 KOK
ING HO
TAVOY
GATAVIA
LOANLO
SBIN
BON BAY
MANILA
toil
TOKYO
TONORAH }
CALCUTTA
MUA Jared
KLANG
TRINO AD
MUXDEN
YORUNAMA
НАВАЧАКІ
REALA FARGHAR
ZANDDANDA
NEW YORK
(F.M.3.3
PEITING
Foreign
Exchange
(Pippin and
landwi General
» Zander Lande, Emp T. 1. 2. Kham, Eng.
6. Malin, R.
CANTON CHEPINS COLOMBO
JAREN. POOCHOW
J.
P. Wamu, Fan,
Chief Hunger.
V. M. Brylum, Kaq.
BRAŃCLES →→
LONDON
LYONS
MALACIA
PENANG
BASQUON
SABRIN
HAMBIFRO
HANKOW
SAN FRANGINGO
DAMUN
NANCIAL
BUNDLEW #101
SINGAPORE
JURORK
K042
KOWLOON
KUALA LUMPAL
NARAYA
SERGEI PATANI
HENGSIN
TOKYO
TSINGTAO
YURCHIAMA
Current Acounts upstand te Los Curentuny and hand Despre montred for use your where Loral Curry and string we were wach will be quoted on applicatica. Hong kong 2 buy, ill-
HONG KONG SAVINGS BANK.
"
The union of the abuse lauk is noudisi ed by the STENG KONG AND HAKUHA
Rules Toy bo BASISO CoNPORATION,
appin all.
THE DONGKONG AND SHANGHAI BASKISO COLORATION,
V.. YAYBURN.
Hong Kong, Ath July, 190,
Chord Manager.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
9, Boulevard Husemana, Puris.
Subsribed Capital. Frs. 72,000,000.00 Puid-Up Capital...Fra. 08,400,000.00
....Fr.102,000,000.0
eserve Funds ....
BRANCHES:
Hong Kong Quinton
Saigon
Bangkok Jattambang Hue
Jantho
Canton
Djibouti
Mengtze Shanghai Nom-Dinh Singapore
Thanbou Neumea
Tientsin Peking Touranc Harkow Pnuri-Pora Vinh
Pondicherry Yannanfu BANKERS:
Fort-Boyard Tapeete
Haiphong
taaoi
IN FRANCE: Comptoir National d'Eacompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; So elete Generale.
IN LONDON: The National Pro- vincial & Union Bank of England, 14: Comptoir National d'Escompte
J Pariz; Credit Lyunus.
IN NEW YORK: J. P. Morgan & Cop Wrench American Banking Car
ration; Gunranty Trust Co. of New York..
Co
KARACHI
Banking bustness transacted.
Current Accounts opened and Fix- Deposits received for 1 year or which will slarter periods at rates
equated on application.
A. H. FERGUSON,
Manager.
Hong Kong, 8th January, 1929.
THE NATIONAL CITY BANK
OF NEW YORK.
HEAD OFFICE: 55, Wal! Street, New York.
Capital, Surplus 'and
Undivided Profits..U.S.$224,654,208
Branches in:-
ARGENTINE LONDON
BELGIUM
MEXICO
BRAZIL
PANAMA
CHILE
ERU
CHINA
HILIPPINE
COLOMBIA CUBA
ISLANDS
PORTO RICO
DOMINICAN
STRAITS
REPUBLIC
INDIA ITALY JAPAN
SETTLEMENTS URUGUAY VENEZUELA
Commercial and Travellers' Letters of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfers Current accounta Lought and sold. and Savings Bank accounts opened and Fixed Deposits in local and for- eign currencies taken at rates that may be ascertained or application to the Bank.
We are also able to offer our Cus tomers the services of the Branches
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING BOCIETY)
BANKERS.
Establisting 3821.
Krug Ore:-15, Queen's Road Central: Authorian Capital
Guilders 150,000,
Pad-Up Capital Rezerve Fund
(£12,200,000.) Quilder 0,030,00 126,508.175) Guilders (0,015,k
Ilad Ure:--AMSTERDAM Falar Bead Office-BATAVIA
1
CHINA MAIL.
FRIDAY, MARCH 13, 1931.
TRADE PROSPECTS,
and SIR A. STEEL-MAITLAND URGES
Commerce
Finance
“CRUCIFIXION” OF TRADE
Menace of National Extravagance.
i
COMPANY REPORT. GODOWN COMPANY MAKE SUBSTANTIAL PROFIT.
"SPRING CLEANING."
WATER RETURN.
The love! and storage of water in our reservoira on March 1, 1031, s. as unter:--
City and Hill District.
1030 1931- 13' 7' 24'11" 24' 1'8 28' 2"B
of gallons.
"The moment people regain con- Adence, this depression will join Tytam
Tytan Byewash all those that have preceded it Tytan Intermediate 34'10"B 30' 'B and we shall enjoy good timos Tytam Tuk 41 DB 32 1B ngain," declared Sir Arthur Steel-Wong Nai Chung, 21'11"B 24' 0"B.
former Maitland,
Minister of Pokfulam ... 18' GB 21' 0''B [Note: B. denotes "Below Over. the "Proa- Labour, speaking on
How": A. denotes "Abovo Overflow": pects of World Business in the denotes "Level with Overflow.")
Storage in millions and decimals Coming Year." to a largely attend- of the American The annual report of the Honged luncheon Kong & Kowloon Wharf & Godown Chamber of Commerce in London
"As to Great Britain, Tytam Co., Ltd., for the year ended De- rucently.
Tytom Byewash cember 31, 1930, atates:-
however, while our trade will re-
Tytam Intermediate was vive with a general upturn of Tytan Tuk working The profit on
compared with world trade, we shall have to face Wong Nei Chung
special problema and must get Pokfutumn... $1,192,267.36 as $1,302,861.86 in 1929.
The balance for the year, after over our habit of having too much
to $200,000
Re-confidence in past." transferring
Pointing out that Great Britain newals Account, deducting Direc tars' and Auditors' Fees, allowing was, even before 1913. losing its ahare of world for depreciation, and other out-proportionate
ix goings,
$665,610.30. The trade, Sir Arthur said that this
Consunifition
-
1930
· 1931
279.50
203.31
1.03
53.14
4947
663.75
764,58
6.80
0.03
27.24,
22,50
"The American orator, Mr. W. J. Bryan, once anld that this world was being crucified on the cruss of
202.15 1,038.70 Totil gold. 1 am sometimes inclined to
Consumption of water in the City and Hill District in millions and de think that the industries of this
chmals of gallong during the month country are being crucified on the
of February. cross of national extravagance."
.1930 1831 This remark was made by Sir
Consumption M 184.19 201.34
450,620 Frederick Lewis when presiding at the general meeting of the Houlder amount brought forward from last ountry must rationalise its indus- Ketimated population 140,300
per
14.9. 15.0 hud per day... on a level with Line, Limited, at 58, Landenhallen is $370.119.77 making a totalries and institutions, and put its
of $1,033,730.13 available for ap-production costs
February, 1920-From February i Street, London, in mail week.
propriation.
world conditions.
to 23. a 12 hours supply (6 nan- This is a terribly unpleasant) was given to all Rider Main "One of the most distressing fea-i
The Directors recommend the
usiness," he continued, "but we Districts (Principal Mains closed tures of recent political develop following:
must .have ment," he continued, "was the ap- To pay a dividend of $0
a Spring cleaning. 6 p. a.m.). $480,000.00 The
trades the Government, pointment of a Royal Commission to consider the working of the Un- To pay a Bonus of $3 pr.
210,000.00 unions, and industry must all bear simre Insurance
A Art.
We have been up 315,790.13 their shinre. To carry forward BRANCH28:- Bandformasla, Besdong, Dontay employment
against it largely through our own Cercette, Llleribon, Dunbar, Dick House of Commons Committee had.
$1,035,730.33 fault and nobody else's." jkkurin, The Jing, JedJab. Bole. Fielo-iladi. Makassar, Madan, Padona for months previously been investi-
Directors, Palembang, Pakatongen.
It was a mistake, the speaker Pontianak, Rangoon, Rotterdam gating this question, and must dur-
in a Mr. T. B. Wilson and Mr. J. Ewent on, to attribute the present Samarang Bingbal fuboling that period have been Humar (For Tile and position to obtain all the informa Joseph retire according to the slump to a supposed shortage of Sumatra,
Milevredeti".
chable the Com- Articles of Association, but beingold, although he pointed out that tion required to mittec to make recommendations eligible. offer themselves for re- the gold available for monetary shrunk by for any
necessary amendment of election.
purposes had actually
30 millions in 1930 owing to the scheme so that it the insurance
sterilisation of large amounts in might be placed on a solvent basis. "But presumably because the
the United States and France Government sro unwilling to incur
He pointed out that gold relative Government
to world trade was becoming short the responsibility a
long before 1929, and yet a great should assume, the urgently needed
business boom was witnessed in action is deferred by the appoint-
that period. The presence of con ment of a Royal Commission, and meantime the fund continues to run
dence offset the shortage of gold. he said, adding that prices are into debt at the rate of £30,000,000
the velocity of naney as well as the amount of it in circulation.
Funn
d
This ofen bare safe deposit boxsa ja let. Loodon Bankers:-National Provincial bank
Corporate all over the world Hankles bminem di every description iranaseted.
A. STOEKINK.
Acting Manager.
Long Hoog, 18th August 1930.
THE BANK OF CHINA. 行 銀國中
crament as an
Commission
Auditors.
Messrs. Percy Smith. Seth & Fleming. Incorporated Account ants, and Linstead & Davis, Char- tered Accountants, have audited now presented and the accounts vifer themselves for re-election,
BRIGHTER OUTLOOK
Reorganised October 26, 1928, under or £40,000,000 per annum till auch REMARKABLE GROWTH OF TIN determined by
the Royal
CANNING. special charter of The National Gov-time as
make their report and their recom mendations can be carried into effect which will probably occupy the greater part of a year.
INTERNATIONAL EXCHANGE
BANK.
Subscribed Capital....$25,000,000.00 Paid-Up Capital .....$24,710,200.00 ..$ 3,820,603.82 Reserve Funds
HEAD OFFICE: SHANGHAI
HONG KONG BRANCH: 1. Queen's Raad Central.
Owing to our numerous branches in Ching and large connections in th
The Greatest Problem.
February, 1931-From February 1 to 28 a constant street fountain supply was operated in all Rider Main Dis triets excepting 3 days (15-18th in- clusive) when a Full Supply was given on account of Chinese New Year.
Kowloon,
1930 1031 6'4" 14' 0"B Kosilon Reservoir Shek Lai Pui
Reservoir
10' 1"E 5' 7" Reception Reservoir 7" 18"B Storage in millions and decimala of gallons.
1630 1031 Kowloon Reservoir.
und Byewash
289.7a 232.00 Shek Lai Pul
Reservoir
78.72 26.40 Reption Reservoir
94.50
6,22
Total
391.90 332.72 Consumption of water in Kowloon in mallions and decimals of gallons
1931 117.51 179,140
during the month of February.
1930 Consumption.... 100.26 Estimated population 174,100 Consumption per
20.0 head per day...
23.4 Constant supply in all districts dur-
Total rainfall: February 28, 1930,
During the recent slump the price of tin fell to £104-9/16 per
He thought the greatest presenting February, 1980 and 1977.
The Government Analyst's reports ton. I! has since recovered
problem was to rectify the present show that the quality of the water and ton £120-1/16 per
lisequilibrium between wholesale is satisfactory. the
18 moment present
prices and the cost of living. £113-16/16 per
Probably the over-production of quoted at Less than two years ago it stood
TRW materials had been al £220% per ton. Tin, of course, estimated; it seems likely that in not the only commodity that such products as rubber, for in- has slumped by over 50 per cent.stance, there would now be no during the past two years, and as surplus stocks if general business
Trade with the Argentine. "lleavy taxation is largely the to cause of increased costs of producat tion, and high taxation is partly due to the manner in which the in- surance schemes have operated, all of which aggravates the insurance problem."
Sir Frederick said that the ac-
is
over-
of the International Banking Corporn- important commercial centres of the tivities of the Houlder Line were all commodities during that period had not had such a severe setback i
tion in San Francisco and Spain and also of The National City Bank of New York (France), S.A., and Nice.
largely concerned with the trade between Great Britain and South America, particularly the Argen- Line, and added:
world, we are able to extend to our clients special facilities for domestic in Paris and foreign banking and exchanges.
We also handie the issue of Bonds and other Public Funds of the Chiq- F. McD. COURTNEY,
Manager.ee Government boll
al.read,
Hong Kong, 20th February, 1931.
THE
Currunt A AMERICAN EXPRESS COMPANY, Interest alowed on counts and Fixed Deposits according Lo arrangements.
Every deseription of Banking and
Exchange Buriness transacted).
LIMITED.
THE YOKOHAMA SPECIE BANK,
Established 1880.
Capital (fully paid-up) Yen 100,000,000 Reserve Fund
INC.
Head Office: 65, Broadway..
New York,
Safe Deposit Boxes to let.
A. LECOT,
Manager.
Hoc Kong. t May. 1929.
Capital Surplus Reserves
.U.S.$8,000.000 .0.5.81,072,451 .U.S.$1,008,209
BRANCHES:-
Athttdao Antwerp Athen
Nic
Deals
Delta
BLATTIA
Yen 115,000,000
Bembey Besin
Glasgow ELTERN Habsburg 11avre Interlaken Jaruvalaco
Suploa Pirque
TUDE
1.
Alczandrla
Head Ofce--YOKOHAMA. Branches and Agencies at:
Nagoya
Butte Airm Calro
Labora
L
Batavia
Nowchwang
Barabuy
New York
Osaka
Buenos Alrez
(Temporarily closed). Calcutta
Canton
Changchun
Dairen (Dalny)
Peking
Rangoon
Rio de Janeiro Saigos
San Francisco
Fongtion (Mukden) Seattle
Hamburg
Hapkow Harbin
Hong Kong Honolulu
Kai Yuen
Karachi
Kobe
London
Los Angeles
Lyons
Marija
Nagasaki
Semarang
I
Shangkal Shimonosoci Singapore Scerabaya Bydney Tientsia
Tokyo
Tsinanfu
Taingtau
Vladivostock
(Temporarily closed)
Interest allowed or Current Ac consta
Deposits received for axed perioda
at rates to be obesinud on applica ilon.
r
H. MORI,
Manager.
Hong Kong, March 11, 1931.
Calcutta Contes Colocato Continop Copenhagen Palaborgh
Flore CITA
Branches
London Idverpool
Luxor
Manifes
Santa Carlo
Manila
Manich
Montreux
Milan
Irking Palerme Butto-der Tiina ALT bol Shanghai Southampton Singapore
St. Marlie Trails Vienna
Venice
swhotratos Zurich
of American Express Company in Principal cities of Unit- ed States of America and Canada.
at home and
SHOU J. CHIEN,
Hong Kong, M. March, 1930.
bring recovery until
have been depressed by a common through over-extended apeculation
already hopeful and 1929. factor or factors, the recovery, of in the security markets in 1928 which there are signs, should be of a general char. Money rates, he considered, aeter owing to the gradual mitiga-would not "Great Britain already enjoys a
of the adverse influences, considerable export trade to South tion
writes a city correspondent in the British goods con- America, and Maversnand an excellent reputation, but London Evening Standard.
That is not to say, however, that I am credibly informed that Dill' marufacturers would devote more the response to improving condi tions. will not be quick in the attention to studying the require- ments of their prospective custom-case of some commodities than in a in South America there is room for a very great increase in trade.
"The British Trade Exhibition
THE BANK OF CANTON, LTD. Established 1912.
Head Office:---Hong Kong. Authorised Capital (T.K. Currsney) $11,000,00 Paid-Up Capital
1,000,000
Canton, Shanchal. Hankow, watow, Bankok, New York and Sea Frue
FundRANCHES
CORRESPONDENTS
LONDON BANKERS-
The Lloyd's link. Limited.
10 all principal cities of the World.
Freign exchange and banking balm of avary dancripilon transeled.
Rafe Bepi Botorious fees) at a guarly fauled of fonts $5 to $10.
LOOK POONG SHAN,
Chief Manager. Bong Robg, 14th May, 1980.
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)
public confidence is resumed, this explaining why slumps last long- er than booms. Probably commo- ity stocks are materially larger now than in 1921, and for this
nising for Immediate recovery 83 reason the situation is not so pro- others. Each commodity market in that year. Much depends on has its own individual circum:the price at which the present stances peculiar to itself and commodity stocks can be cleared.
The end at Buenos which affect it independently of
of the slump, Sir Aires by our greatest Ambassador, other markets. I think it may be Arthur concluded, is largely in the Prince of Wales, will no doubt claimed that the tin industry has the hands of individuals and the done all that could be done at the view which they take about the stimulate interest and encourage
production end of the industry to future. This is especially true of strengthen the position.
shortly to
be opened
developments to the mutual beneat
of both countries.”
JAVA'S SUGAR TROUBLES.
The Chadbourne Scheme's Chances.
Batavia, Feb. 16. Fow commercial questions attract the attention of the public'in' gen- HEAD OFFICE:-Taipeh, Formosa.eral but at present the question of
Incorporated by Special Imperial
Charter, 1899.
Central Bank i l'ormos Bank-Notor sued Areisgn amount «Yen £5,000,000 BRANCHES AND AGENCIES,
All classes of Commercial Banking JAPAN-Tokyo, Inkakaras, Hobo, Osaka. Transactions undertaken.
Personal
handled.
investment
Affiliated with
FORMEGA-Oiraz, Rap, Karenko, Keelung,
Takeo, Tama, Toon, Heito, T
accounts CHINA-Shanghai, Bankow, Amor,
*Swalow, Canton, OTHERS-Hong Kong.
THE CHASE NATIONAL BANK Resources Over G$2,605,000,000
Singapore,
Bombay, Bemarang, Bala Luytoa, Now Tork, Dairen.
LONDON DANKERS ·
K. NAQVI
Poochow
Caloutts,
Masage.
HONG KONG BRANCH
& Des Your Road Central.. Hong Long, 19th January, 1925.
the Government's co-operation in the Chadbourne scheme has caused interest all over Java,
the people of the United States, A large measure of co-operation who have become such an import- has been secured among tin pro-ant factor in world economy that ducers. A Tin Producers' Asso-
a lead to other they can give formed ciation has been
and
Countries. On the whole, he took voluntary curtallment of output
a moderately optimistic view of has now been seconded by Govern- the probability of a gradual im-
No scheme of res- ment effort. triction, however, will in the long run prove more thun a mere pal- Hative, and this the leaders of the
to MANCHESTER TRADE tin-mining industry
appear . realise.
The Tin Canning Industry. Not to restriction of output, but
! provement.
ANNUAL REPORT OF CHAMBER OF COMMERCE.
The annual report of the diree
2
1980
remem-
300; February 28, 1931, 87.
AN INTRODUCTORY
HISTORY
by
A. H. CROOK, OBE, M.A. W. KAY, MA. -
W. L. HANDYSIDE, M.A., B.Sc.
PRICE $2.00.
NOW ON SALE AT THE PUBLISHERS.
The Newspaper Enterprise Ltd.
China Mail Offices.
BRITAIN MUST ECONOMISE.
Cuts in Expenditure That Would Help Trade.
#
An emphatic demand for a redue- tion In national expenditure was made by Mr. F. C. Goodenough, the chairman of Barclays Bank, in ad- dressing the annual meeting of the shareholders at the Cannon Street Hotel.
He said: "It cannot be denied that one of the principal contribu- tary causes to the shrinkage in our both "visible" and export trade,
"invisible," has been the lack of economy in our National expendi- ture.
"The cost of the social services in Great Britain has risen rapidly. Whereas in 1911 the amount was approximately £63 millions, in 1929 the total had increased to about
£300 millions.
to increased demand from consum. About ten days ago representa-ers they are looking for salvation, tives of sugar-producers, also one and in this connection a Tin Re Hakong, Nanto, Shiachiku, Talebe, Tainan, of the group which is opposed to search and Industrial Applications tors of the Manchester Chamber
Expenditure Much Too High. The directors restriction of sugar-export, explain-Committee has been doing useful of Commerce was adopted at a
"There is no doubt that our Na- the year ed their point of view regarding the work. Apart from new sources of meeting recently.
that Bro being state
tional expenditure is much too high So scheme to Government representa- consumption which
fall to be for an cannot tives. At once the Department of stimulated, the prospects
time of difficulty and that there is an urgent call for The Company offers to intending '
to study this increased demand from the usual bered as
outstanding economy. Travellers the use of its "Travelers The landon Comaly imminster and Farr's Dank. Agriculture started
are and anxiety. The industries
"By economy I not only mean a Cheynes" and Lettere of Credit and,
feature of the situation has been The Bank has Correspondents ip wil the principal question but up to now a decision tin-consuming In addition, the world-wide acrvices Commercial Contres throughout the world has not been reached. By some brighter for the coming year,
From the United States, which the accumulation of external fac-frugal and judicious expenditure of of its thoroughly equipped Travel De-
newspapers the fact that the Gov-
of tin, tors adverse to trade recovery. money on the part of the Govern- than that: I partment.
not decided fet has is the biggest consumer ernment has
mean a drastic reconsideration of been interpreted as a possible re- come encouraging reports of ex- First and foremost has been the ment, but more fusal of all co-operation, but it is pectations of a largely increased persistent and profound drop in understood in reliable quarters that motor output this spring and also the prices of all the world's staple al present expenditures, with a
this can be achieved. 3144613this decision could not be given of signs of revival in other indus- products, and alongside it the view to effecting saving wherever "A firm intention on the part of within the period demanded by the tries. Considering that there was difficulties of the monetary and
Political events in both the East the Government resolutely to take manufacture in America in 1930
the position in hand and deal with of this month.
It le expected the Government it is reasonable to hope that 1931 and the West have been such as
to impose obstacles to trade of ait adequately, would, in my opinion, will decide to-morrow or the day will see an expansion..... after and the decision will most There is also to be taken into gravity scarcely ever before en- do more than anything else at the In India the weapon present time fowards the restora- probably be in favour of co-opera-account the remarkable growth of countered.
the tin canning industry in this of commercial boycott has been tion of confidence and would help to country, which is consuming an used to further political ends, with bring about the Increasing amount of tin and results disastrous equally to deal and industry necessary to restore which is yet capable of consider-ers in India and to British export- the trading surplus which we for-
When the Slump Will End. able development. A gradual re-ers,
Sir Herbert Hambling, the de- puty chairman of the bank, said:
EW. DUGGAN,
Manager.
THE BANK OF EAST ASIA, LTD.
Established 1918.
HEAD OFFICE:
10, Des Voeux Road, Central.
HONG KONG
and Surplus ***********
Total Resources
..over H.$ 8,000,000.00
over $30,000,000.00
Every description of Backing and Exchange business transacted.
Current and Fixed Deposit Accounts in focal and for afgn currencies opened for clients.
"Savings Account and 'Safe Deposit Boxes... Branches and Agencies all over the world.
KAN TONG PO,
Chief ManageĽ.
COASTWISE producers, in fact before the 15th an almost panie curtailment of gold situation.
by
"ALGIE" BENNETT.
An interesting book of Cartoons depicting "Happenings on the Chiba Coast
PRICE $1.00.
Now on sale.at. BREWERS
tion.
In all probability the detailed measures of control of export will be ready in time for the inter- national agreement at Cannes to be closed on March 15,Singapore Free Press...
..
revival in trade
merly used to enjoy."
turn to activity in most industries To a certain extent the outlook is a reasonable assumption and, as Is better, although mainly in the many of these are consumers of somewhat negative sense that the
"We must not lose our sense of Developing within recent years tin, increased demand for the special troubles of 1980 cannot in and since the formation of the metal must needs accompany im the nature of things arise again, perspective and imagine that the In 1991, The Joint Committea of present depression is different in Toronto Convention and. Tourist proving trado. Association in 1926, Torcato's tour The total consumption during Cotton Trade Organisations, says its essentials from those previously ist and convention business has 1930 was 142,850 tons compared the report, made every effort to experienced.
"Sooner or later prices will touch now become one of the city's with 155,000 tons in 1929. It will promote progress on the lines of largest and most important new be seen that there was a con- the Cotton Report, which, in spite bottom and begin to rise, and when revenuea. For 1939, the associa siderable lag in consumption last of the ten months spent In pro- that happens recovery may be The Newspaper, Enterprise, Ltd. tion reports convention returns year which if conditions become ducting. It contained. very little speedy, I cannot say when the
will be the lak
In the city's more normal will make for a which the Committee itself bad time will come, but come it will, Ching Mall Buliding
history the year 254 such rester desaand during the prevent not recommended months previous and possibly aponer than many of
WHITEAWAY, LAIDLAW:: EXCELSIOR BOOK STORE. and at the Publishers'
Year
think