2
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Autherland Capliat mer
1
------------$50,000,000
inwand aus Fully Palit-up $90,005,000 Rare Funde-
Sterling Ailver.....
£1,500,000
........ $10,000,000
Reserva Llability of Proprietors $20,500,00 HEAD OFFICE: HINO KONG,
BOARD OF DIRECTORS:-
Joa. Mr. C. (1, A, Macklo Chatemat
11o. tr. 2. J. Paterson.
Deputy Chairnsten.
W. H. Dall, Tag. T.. Pearce, Eng.
A. II. Compton, Faq. J. A. Plenumire, Eng.
B. Lander Lawin, Euş. T. St. R. Kham, Eaq.
Makin. Eng.
0
AXOT
BANGKOK HATAVIA BONBAY
J. P. Warren, Baq,
Chief Maxagor.
V. M. Grayburn, Esq.
BRANCHES:-
LONDON
LYONN
MALACCA MANILA
All (Joharuj
CALCUTTA
MORDEN KAGASAKI
CANTOS CRLFOO CHAMIRI
DAIRES
NEW YORK
FEITING
PENASO
MATION
FOOCHOW
MATTHONO
RA NODON
BARBURO
HANKOW HARIAN
HONGKEW
12010
JURE
KONK
KOWLOON
BS 50 CR
RAN FRANCIS£6
SHANGHAL
SINGAPORE
NORAHAYA
BUNGEI PATANI 1.TSIN
TOKYO
THINUTAO
Johull&MA
Curtout Acente apound in Local Currency aul Fized Deplia rucnivast tur uten pont us shorter greindi in Loral Currency aid Mineling ter which will be guntad pplication.
Hong Kong, 24h February, 1935.
HONG KONG SAVINGS BANK.
The ice of the above Bank is conduct. by the ONG KONG AND SHANGHAI
Bulan may b BANKING CORPORATION,
dirtaioud application,
FOR THE TOSARONG AND SHANGHAI
JANKINO COPPOLATION.
N. M. GRAYBURN,
Hong Kong, 10th July, 1930,
Chiel Manager.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
96. Boulevard Haussmann, faris.
Subscribed Capital Frs. 72,000,000,00
Paid-up Capful. Fr. 68,400,000.00 Reserve Funds ....Frx. 102,000,000.00 BRANCHES: Bangkok fiong Kong Quinhon
Saigon Battambang Bus fantilo Mengtze Shanghai Nam Định Singapore Neumen
Thanhec
Cantor:
Djibouti
Fort-Dayard Papeete Tientsin Peking Touranc Bankow Pnom Penh Vinh
Haiphong
Sansi
Pondicherry Yunnanfu BANKERS:
IN FRANCE: Comptoir National d'Escomple de Paris; Credit Lyonnais: Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; So ciete Generate.
IN LONDON: The National Provin els & Union Bank of England, Ltd.; Comptoir National d'Escompte da Paris; Credit Lyonnais.
IN NEW YORK: J. P. Morgan & Go: French American Banking Cor poration; Gunranty Trust Co. of New York.
Interest allowed on Current Ac counts und Fixed Deposits according 16 arrangements.
Every description of Danking and Exchange Business transacted,
Safe Deposit Boxes to- let.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA; Incorporated by Royal Charter, 1858. HEAD OFFICE: LONDON, Paid-up Capital
THE CHINA
THE HO HONG BANK, LTD.
(Established 1917.)
HEAD OFFICE:-SINGAPORE. Hong Kong Branch: 13, Queen's Rd. C. Authorised Capital Straits $20,000,000 Issued Capital
£3,000,000
Reservo Fund
£4,000,000
Paid-up Capital
Reserve Liability of Pro-
prietors
Ronervo Liabilition
.£3,000,000
Agencies and Branches:
of Shareholders. Surplus
SALON STAN
KUALA LUMrva
(kxxy taken)
KUCHINO
ALRITBAB
МАПАК
MANILA
MEDAN
NEW YORK
PERING
PENANG
BANGKOK BATAVIA BOMBAY
CALOUITA CANTON CAWNIONE
CEBU
COLOMBO
DAINEN (Dalny
Howth Manchuria)
1} KONG
ILANODUN
BAION
REMARANG
DELI
BEBENDAN
HAIRONG
SHANGHAI
FLANELURG
BINGAPORE
HANKOW
ROUTAVAYA
HARBIN
TAIPING (P.M.6.4
(8. Manchuria)
TAVOY
TIENTSIN
TONGKAH (Bhuket)
THINOTAO
YOKOHAMA
ZAMBOANGA
(Pippins Islandej
Foreign Exchange
and
General
11017.0
1011
KARACHI
KLAND
KONK
KUALA KANGSAR
(Perak P.X.8.)
TOKYO
Banking business transacted.
Current Accounts opened and Fix- ed Deposits received for 1 year or which will shorter periods at rates
te quoted on application.
A. H. FERGUSON,
Manager. Hong Kong, 8th January, 1928.
THE NATIONAL CITY BANK
OF NEW YORK.
HEAD OFFICE: 55, Wall Street, Now York.
!
Capital, Surplus and
Undivided Profits..U.S.$224,654,208
ARGENTINE
BELGIUM BRAZIL CHILE
Branches int
LONDON
MEXICO
PANAMA
PERU
XHILIPPINE
ISLANDS
CHINA COLOMBIA
CUBA
DOMINICAN
REPUBLIC
INDIA ITALY
JAPAN
PORTO RICO
STRAITS
SETTLEMENTS
URUGUAY
VENEZUELA
Commercial and Travellers' Letters
of Crodit, Travellera Cheques, Bills of Exchange and Cable Transfers tought and sold. Current accounts and Savings Bank accounts opened and Fixed Deposits in local and for- elga currencies taken at rates that may be ascertained on application to the Bank.
We are also able to offer our Cus- tomers the services of the Branches of the International Banking Corpora tion in San Francisco and Spain and also of The National City Bank of New York (Franco), B.A., in Paris and Nico.
F. McD. COURTNEY,
Managor
Hong Kong, 20th February, 1981
THE
AMERICAN EXPRESS COMPANY, INC.
Bend Ore: 65, Broadway. New York.
Manager.
Capital Surplus Reserves
A, LECOT,
Hong Kong, 1st May, 1929.
THE YOKOHAMA SPECIE BANK,
LIMITED.
Established 1880.
Capital (fully paid-up) Yen 100,000,000 Reserve Fund
Yan 115,000,000
Head Ofco:-YOKOHAMA.
Branches and Agencies at:
Alexandria
Batavia
Bombay
Calcutta
Canton
Changchun
Nagoya Nowchwang
New York
Osaka
Peiping Rangoon
Dairen (Dalny) Rio de Janeiro Fengtlen (Mukdon) Saigon
Hamburg
Haskow
Harbin
Hong Kong Honolulu
Kel Yuen
Kazach!
Robe
London
Los Angeles
Lyons
Kanila
Nagafaki
(Temporarily
closed)
Ban Francisco
Seattle
Semarang Shanghal Shinononell Singapore
Soerabaya
Sydney Tientsin
Tekyo
Tringtau Interest allied or Current Ac- Counts,
Deposits received for fixed periods at rates to be obtained on applea-
H. MORI
tion.
Manager.
Hong Kong, March 24, 1981.
Amsterdam Alwarp Albans
مامية
.0.5.$8,000.000 .U.S.$1,572,454 .U.S.$1,008,200
BRANCHES:-
Geno Glasgow LAVEAM
dieru
Naples
Pirata
Hamburg liart fataslakan Zarnsalam Lido London Liverpool Lucerne Lugano Lator Mirelli Constantinogle Monte Carlo
Berlin
Martite
Fombay
Bremen
Ersta
Buenos Aires
Cairo Ca Canton
Cofacebo
Copenhagen
Edinburgh
ماندولا
Munish Moalreas Milan
Tenang keklog Patraso Extlardam kons Stamboul
Fhangbal Southampion
Gingapore B. Koris Tiantain
Умда
Falco Tokokama Zurich
Farro Своете
Branches of American Express Company in Principal cities of Unit- ed States of America and Canada.
All classes of Commercial, Banking Transactions undertaken,
Personal investment handled.
accounts
8,000,000
4,000,000
4,000,000
MAIL.
and
Commerce
Finance
NON-FERROUS METALS.
2,620,000 Prices and Restriction
Branches, Agencies and Correspon- dents in the principal cities of the world.
Every description of Banking and Exchange business transacted.
TAN ENG HOOL,
Managor,
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING BOCIETY)
:
BANKERS.
Estabilabad 1924,
Hong Kong Offs 1-11, Queen's Road Coral, Authorised Capital
Galliera 160,000,000
(£1,500,000.) Quilder 30,00,000 (20,860,170) Guildere 49,015,906 [22,194,129)
Pull-Up Capital
Reserve Fund
Head Office—ANSTERDAN* Easter load Once-BATAVIA. BRANCHES :- Dandjarmasin, Dandens. Bombay, Caloutts, Cheribon, lembar, Djok Jakarta, The Itagua, Jeddah, Kabe, Kota Radin, Matusour, Medan, Padang Palembang,
Wellærreden".
• Thess office bava sala deposit boxes to Sat, London Bakers:-National Provincial Bank Ltd. Correspondents all over the world Backing business of ovary dieption transacted.
A. STOKKINK,
Schemes.
Capt. Oliver Lyttelton, D.S.O.. M.C., writes in The Times:→→
In common with most commo- fell non-ferrous metals dities, sharply in price during 1930, but in their case the fall went farther of other than was characteristic markets. At the end of December
SAVE OR SPEND?
al
WEDNESDAY, APRIL 8, 1931.
PACIFIC BUSINESS
CONFERENCES.
To Be Held in 'Frisco
in May-1932.
CONTRACT WITH CHINA.
EGYPT'S TARIFF.
PASSENGER LANDING DUES TO
BE ABOLISHED,
The Egyptian Government has decided to abolish passenger dis- embarkation dura exacted at porta owing to complaints in the British Press and in order to encourago
od degree, as and when desired, in the world's interest. While it is
Formal invitations have been tourist traffic. not suggested that the supplies of base metals are even approaching sent out by the San Francisco A Royal decree has been issued the point of exhaustion-Indeed Chamber of Commerce for a con-imposing Excise duties on the pro- the recent improvements in metal-ference of business executives in duction and consumption of lurgy have actually increased the the Pacific Area to be held in San cement, kerosene, petrol and refin- potential wealth of the world from Francisco in May, 1932. This Con-ed spirit. this point of view-it must always ference has been called after ex- An announcement issued by the on the subject be recognised that the supplies, tensive correspondence and person- Finance Minister particularly of lead and tin, are
chambers of of the revision contact with
of the Customs at least exhaustible.
commerce in Japan, China, Philip tariff gives notice of the follow. pine Islands, Indo-China, Slam, ing Excise duties:- Straits Settlements, Dutch East Indies, Australia and New Zealand, which are strongly of the convic
there must be organised plans for expansion of future trade in the Pacific. There are many problems in connection with this matter which need clearance and under
In order to consider standing. these problems and take advantago of the opportunities, there is feeling, that much closer personal contact between the men actually doing business in the Pacific should be made.
the Board of Trade index number BOTH NECESSARY FOR RUBBER tion that the time has come when
(1913-100) of "all articles" stood at 108.9 and that of "materials" nt
Moreover, as
INDUSTRY.
105.0. while the comparable
The two policies of "more thrift figures of the principal non-ferrous and more spending," which are be- metals were as follows:-Electro-
Ing advocated by opposite schools lytle copper, 703; tin, 55.3; lead, of thought, are claimed to be equal- 83.5; spelter, 61.6.
ly applicable to the rubber altua- both the Board of Trade indices tion, says the London Evening Stan- include the non-ferrous metals the
dard. More thrift among the pro- disparity is alightly more marked.ducers when prices are high, and than appears at first glance.
year,
The San Francisco Chamber of A brief review of the experi- more spending on the part of con- sumers when prices are attractive Pekalongan, Penang, ences of the chief consuming in would help considerably towards Commerce has taken the initiative Pontianak Tango Berdustries using the four metals the stability so generally desired. In calling this Conference and has (Humalia), Singapore Hoursbala, will make clear the causes of the
extensive preparations for. Boerakarta (Holo). Tegal, Tilaap and fill in consumption.
This also applies to other com-made Depression
modities than rubber, and, pro- the entertainment and comfort of in the electrical industry did not make itself felt until late in the bably, is what the exponents of the the delegates. The Chamber will two apparently contradictory ask the co-operation of other porta but the previous abnormal
on the Pacific and will invite inter- activity had over-stimulated the theories had in mind when ex-
pressing their opinions. Economy ests in other parts of the United production of copper, the con: sumption of which had been ris-and wise spending are not far re- States doing business in the Pacific Area to attend the Conference. In ing by nearly 8 per cent. per moved from each other, and it may
vitations will also be sent to Cana- annum during the previous three be that the exponent of each or four years, compared with what merely expressing different halves da and the South and Central
American countries bordering a normal of the same truth, is usually considered
Reports from America kontinud the Pacific. increase of 2% per cent. to 3 per
to speak of good progress in the cent. for staple commodities as a
One report says motor industry. whole. The automobile trade in America and Canada declined by that during the past month some
&cing Manager.
Hong Kong. 19th Auguel, 1980.
THE BANK OF CHINA.
行鋇國小
Reorganisel October 23, 1928, under
ernment as an
BANK. Subscribed Capital
Paid-Up Capital Reserve Funds
HEAD OFFICE: SHANGHAI
HONG KONG BRANCH: 1, Queen's Road Central.
are
A
on
The Conference will be unofficial, and strictly economic in charactor, No subject however controversial
every effort will be made to secure will be barred from discussion and discussion of problems or policies which at the present time interfore with Pacific trade.
MALAYAN TRADE.
Falling Off In Imports And Exports.
ex.
Benzine, 360 plastres per ton (Increased from 160 piastres); kerosene, 44 milliomes per 100 kilos; white spirit, 10 milliomes per litre; cement, 300 milllemes per ton.
It is estimated that the revised tariffs will produce an additional revenue of about £250,000.
KOWLOON LAND SALES.
Well Above The Upset Prices.
Three lots of Crown land in Kowloon were sold at the P.W.D. yesterday afternoon.
Kowloon Inland Lot No. 2460, in Fu Yuen Strect, about 18,410 square feet, with an upset price of $32,218, was knocked down to Mr. Fung Pak at $43,200; Kowloon In- land Lot No. 2451, at the junction of Fa Yuen Street and Bute Street. about 18,040 square feet, with an upset price of $81,570, to Mr. Fung
loan Inland Lót No. 1447; in Shek Pak, for $47,200; and New Kow-
Street, Kip Mel
about 12,050 square feet, with an upset price of $18,675, to Mr. Lo Fat, at $34,700.
!
ROYAL BANK OF CANADA.
The directors of the Royal Bank of Canada have declared a divi- dead of 3 per cent., being at the rate of 12 per cent. per annum on the paid-up capital stock for three months ending February 28, 1931, payable at the bank and its branches on and, after March 2 to shareholders of record of January 31. This rate is unchanged on that paid for many years.
which indicates a special charter of The National Gov-39 per cent. from 1929, the pro-250,000 extra men were taken on in
Auction of cars and trucks in 1930 Detroit alone, being estimated at 3,300,000 units, reviving demand for motors in the INTERNATIONAL EXCHANGE
compared with 5.400,000 in 1929. U.S.
In Great Britain also the outlook $25,000,000.00 The decline principally affected
as more favourable. $24,710,200.00 tin, and from the 1930 figures it is regarded ..$3,820,603,62 may be deduced that about 6,000 The total registration of motor tona less was required for auto-vehicles in 1930 is returned at 280,- mobiles. To a smaller extent the 441 against 301,002 for 1929. lead industry was affected owing feature is that gooda vehicles de- to reduced requirements for bat-clined by only 2,000 from the record
According to the return of for teries, and the copper industry figures of 1920..
As in America, last year witness- eign imports and exports for Jan- through a falling-off in orders for Owing to our numerous branches in wiring. magnetos, and lighting ed a heavy postponement of buy- uary, total imports of merchandise
ing owing to the decreased pur- amounted to $48,797,483 and China and large connections in the in-sets.
the pubile, so ports $39,876,214. This represents portant commercial centres of the The building industry showed a chasing power of world, we are able to extend to our sharp decline in activity, especial- that there would appear to be a good a decrease of $23,994,222 in importa which 33,075 represents domestic Foreign imports of rub- clients special facilities for domestic ly towards the end of the year, deal of lec-way to be made up. The and $24,892,733 in exports as com exports.
ber were 11,156 tons. The return and foreign banking and exchanges.
We also handle the issue of Bonds the consumption of lead was here importance of the motor Industry pared with January, 1930, and
oil producers $4,260,840 and $5,238,691 respec- of Straits stocks at the end of Jan- and otler, Public Funds of the Chin-principally affected, through sheet, to both rubber and
We note tively as compared with December, uary gives.-Dealers, 43,698 tons; cse Government both at home
and pipe, and outside painting, though does not need stressing.
wharves, 2,826 tons; and private abroad.
SHOU J. CHEN,
to a lesser degree zinc and copper that petrol consumption in America 1930,
The total of deciared rubber ex- lighters and steamers 3,278 tons. also suffered. The cable industry last year reached the gigantic total - Manager,
an in- ports for January is 45,099 tons, Foreign imports of tin ore totall- Hong Kong, 5th March, 1931. was active, considering the de-of 16,500 million gallons,
over 1929 in valued at $13,817,447 and ad 4,088 tons, and exports 7,559 pression, and although it could crease of 5 pr cent.
tons, whlic domestic production not altogether escape its effects, spite of the diminished motor out- the final ocean shipments at all
was 5,562 tons. was largely responsible for main-put. taining the demands for lead. Finally, the galvanising trade- the principal consumer of spelter was more markedly affected than any other in this group by poli tical conditions in the principal centres of consumption, namely, the South American States, China, and India, and by the financial crisis through which Australin is passing.
THE BANK OF CANTON, LTD. Established 1912.
Head Office:-Hong Kong.
•Authorised Dspital (H.K. Currency) $11,000,000 Paid-Up Capital onestaronetta Basarri Fund mammannimaa
BALA NOLLEN 1- Canton, Bingbal, fenkow, Baugkok, New York and San Francisco,
DURBESPONDENTS
LONDON BANEEDS 1—
The Lloyd's Dank, Idmind.
8,566,400 1,100,000
Επιλέ
la ali priapi ditisa of the World. Foreign exchange and backing business of avery description sexmancied.
Bais Depozit Borm (tatioma nizer) at a youɛly metal of from #3 to 140,
LOOK POONG SHAN,
Chief Manager.
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO.)
HEAD OFFICE:--Taipeh, 'Formosa Incorporated, by Special Imperial Charter, 1899.
Central, Bank in Formon.
Limitation of Output, Declino in production was not due entirely to the operation of Attempts were naturally causes. made In the сиве of all four metals to apply a policy of rea. agree- triction by international
ment. In copper, such efforts were largely nullified through the mistaken price policy adopted by the Copper Exporters' Association, ja body which controle over 90 par cent. of the world's export copper. Bank-Hote d Avmage amount ...Yen. 45,000,000 During what might be considered
-BRANCHES AND AOENOTES »
an abnormal increase in consump- JAPAN-T, Yokohama, Kobe, Osaka FORMOSA-Dian, Kagli Karanko, Estion in the years 1927-1929, they Vakong, Nante, Ebinghi, Taicha, Talnas raised the price to a level that no- Takoy Tamani, Ton Exito, Talio. CHINA-Bhagha, Hankow, Forchow, thing but an impending famine in
awalow Canion
have jus-
The Company offers to intending OTHERS. Bispipes Surabaya copper could properly
Calomita
Travellers the use of its "Travelers Cheques and Letters of Credit and, in addition, the world-wide services
་
Samarang Baliaris, Boules, London, New York, Dairen,
LONDON BANKERS)
The London County Westsaineter and Parr's Back,
of its thoroughly equipped, Travel De-Commercial Centre Broughout the world
The Bank has Correspondente in all the principe!.
partment.
Afiliated with
THE CHASE NATIONAL BANK- Resources ..Over G$2,500,000,000
C. H. BENBON,
General Manager,
THE BANK OF EAST ASIA, LTD.
Established 1918. -
10, Des Voeux Road, Central.
I. KAGURA,
HONG KONG BEACH
1. Das Fort Road Center!. Hong Kong, 19th, Franary, 1992
THE MERCANTILE BANK OF INDIA, LTD.
TEAD OFFICE:
15, Gronchurch Street, London, ECL
Authorised Capital
Subscribed Capital Pall-op Capital .................
.£3,000,000
1,800,000- 1,050,000
Réserve Fund and Rest 1,648,500 BANKERS
The Bank of England àaMilland Bank, Indi
HEAD OFFICE:
Barket
HONG KONG.
Batavia
Boobay
Capital and Burplus ........
·ovar H.# 8,300,000,00.
Osloukia
over. IL-$30,000,000.00
Total. Resources
Every description of Banking and Exchange business transacted.
Current and Fixed Deposit Accounts in local and for
elge currencies opened for ellenta,
Savings Account and Bals Deposit Boxen,İ: Branches and Agencies all over the world.
KAN TONG PO,
Chlef Manager.“
Loog Loog Howrah
BRANCHERS
po
·Kandy
Kota Bharu
Kush Kesi
"Kusia Lāpša
New Lah
Port Louis
(Maurlion) Rangoon Bbw
199, Karla Lempert dinh
Muatan (Pakang) 'Kingapore
M
Bourabaya
HONG LOND BRANCH. Brury description of Basking and Exobang „Zrnvalley- Cheques' jornal,
taken.
Trustee And Executorships under EINTEREST: allowed on Currach Annende Fland Dependly at Bates that may be ascertain on applichilom
'CAL SANDES
„Je Queen's Hand Ostirala
Lang Mong, 25th Marbl, 1900,
Manager
tified, and the market has since been suffering from every symp- tom of instability.
W28
In tin some measure of success reached by a preliminary agreement on the part of the Tin Producers' Association. The pro- blem of restriction is particular- ly difficult in the case of this in- dustry owing to the large number and wide geographical distribution of the producing companies, and earlier efforts were not successful in stabilising the price owing to the abnormal fall in consumption. Outlook for 1931. Turning to the prospects for 1981, there appear to be some. grounds for cautious optimism. It is probably impossible to sup- ply even the reduced demands of the world at the current price levels; and even a comparatively short prefod of low prices brings home to producers the truth that they are winning a wasting asset and putting it on the market at a loss. Arguments are often heard, which It must be confessed have considerable weight, against arti- ficial interference with the produc tion of primary commodities. But they apply with much less force to the non-ferrous metals than 'to commodities whose production could be expanded to an unlimit
Malayan ports, 41,679 tons, of
THE FINE ART
OF RELAXATION
"Three Castles"
Tigarelles
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THREE CASTLES
CIGARETTES
FAMOUS FOR FIFTY YEARS