THE
CHINA MAIL.
THURSDAY, MAY 21, 1931.
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorised Capital
Toound and Fully Paid-up Reserve Funda (--
$50,006,000
**********.. $30,000,DED
Sterbeg.....800,000
Bilv..............$10,000,000
Kasorve Jability, of Propriators $30,000,000
Ina. Kr.
HEAD OFFICE: HONG BONO.
BOARD OF DIRECTONS
dos. Mr. C. G. R. Mookie.
Chairman.
Hon. Mi, J. J. Paterson,
Deputy Chalemas.
1. Ball, T. X. Pearce, Faq.
4. II. Complen, Esq.
A. Plummer, Esq.
B. Londer Laws, Yaq. T. H. B. Shaw, Boq
6. Miskin, Faq.
I
JIANDIKON BATAVIA
ПОМВАТ
J. F. Warren, Esq.
Obief Manager.
V. M. Grybara, a
BRANCHES :----
LONDON
LYONS
MALACCA
HANILA
MUAR Jobore!
MUKDEX
CALCUTTA
NEW YORK
CANTON
CHEFOO
COLORI DAIREN
FOOCHOW
HAITHMO
HAMBURA HANKOW KARBIS
KONGLEW
ILOILO
IPOE
Pub
KONE
KOWLOON
KUALA LUMPUR
PEIPINO
PENAKO
- RANGOON
SATOON
SAN FRANCISO
NIANGHA
SINGAPORE
ROHANAVA
GUNORI PATANY TIERTAIN
TOKYO
THINGTAO YOKDRAMA
Current&count opened in aral Currency sae Fired Degret sceled for one year or shorter periods in Local Curtonry and Berling en them xfiled will be quoted on application. floug King 21 February, 1991.
·HONG KONG SAVINGS BANK.
The Buz of the ebore Bank la condurt. by the HONG KONG AND SHANGHAI BANKING CORPORATION. Bules may be Dialed at Application.
POR THE ONGROND AND SHANGHA! BANKING CORPORATION,
V. K. ORAYBURN,
Heng Kong 16th July, 1000.
Chief Manager,
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 Reserve Funts.Fra.102,000,000.00 BRANCHES:
Bangkok Hong Kong Quinhon Battambang Hus
Saigon
Canthe Mengtze Shanghai
Canton
Djibout!
Nam-Din
Numen
Fort-Bayard Papeete
Peking
Singapore Thanh Tientsin Tourane Hankow Pnom-Penh Vinh
Pondichery Yunnanfu BANKERS:
Halphong
Hanoi
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; So. ciete Generale,
IN LONDON: The National Provin cial & Union Bank of England, Ltd.; Comptoir National d'Escompte de Para; Credit Lyonnais.
IN NEW YORK: J. P. Morgan & Co., French American Banking Cor- porativa; Guaranty Trust Co. of New York.
Interest allowed on Current Ac counts and Fixed. Deposits according to arrangements.
Every description of Banking and Exchange Business transacted, Safe Deposit. Boxes to let.
A. BONNAUD;
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON.
Paid-up Capital
THE HO HONG BANK, LTD.
(Established 1917.)
HEAD OFFICE: SINGAPORE. Bong Kong Branch: 13, Queen's Rd. C. Authorised Capital Straits $20,000,000 Issued Capital
£3,000,000
Reserve Fund
£4,000,000 |
Paid-up Capital ...
Reserve Liability of Fro-
prietora
Reservo Liabilities
.£3,000,000
of Shareholders Surplus
Agencies and Branches:
ALOR STAR
KUALA LUMEND
(Malay Blaton)
KUCHING
AMBITHAB
BANGKOK
MADBAN
MANILA
MEDAN
NEW YORK
PEKING
PENANG
BATAVIA
BOMBAY
SALOUTTA BANTON DAWNPORE ORRU
COLOMBO DAIREN (DDY
Houth Manchuria)
DELHI
HAIPRONO
HAMBURG
HANKOW
HARLIN
(N. Manchuria)
HỒNG XUNG
110110
jratt
RABAOMI
ELANO
KODR
KUALA KANGSAR
(Park FM.8.)
RANGOON
BAIGION
SEKARANG.
BEREMDAN
HELANOMAT
BINGAPORE
BOURADATA
TAIPINO (P.1.8.3 TAVOY
TIENT IN
Токто
TONGKAI (B&ukel)
THINGTAO
YOKOHAMA
ŽAMBOANGA
Foreign Exchange
(Philippine Islands)
and
Banking business transacted.
Gonoral
Current Accounts opened and Fix- ed Deposits received, for 1 year or shorter periods at ratca which will be quoted on application,
A. H. FERGUSON,
Manager. Hong Kong. 8th January, 1929.
THE NATIONAL CITY BANK.
OF NEW YORK.
HEAD OFFICE: 65, Wall Street, New York.
Capital, Surplus and
Undivided Profits..U.S.$224,654,298
Branches in:-
ARGENTINE LONDON
BELGIUM
BRAZIL
CHILE
MEXICO
PANAMA
PERU
CHINA
PHILIPPINE
COLOMBIA CUBA
ISLANDS
PORTO RICO
DOMINICAN
REPUBLIC
INDIA ITALY JAPAN
STRAITS
SETTLEMENTS
URUGUAY VENEZUELA
Commercial and Travellers' Letters of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfers
Lought and sold. Current accounts and Savings Bank accounts opened and Fixed Deposits in local and for- at rates that eign currencies taken
may be ascertained on application to the Bank.
We are also able to offer our Cus tomers the sorvices of the Branches of the International Banking Corpora- tion in San Francisco and Spain and also of The National City Bank of New York (France), B.A., in Paris and Nice.
F. McD. COURTNEY,
Manager, Hong Kong, 20th February, 1931.
THE
AMERICAN EXPRESS COMPANY, INC.
Head Office: 65, Broadway, New York.
Manager.
Hong Kong, 1st May. 1931.
Capital Surplus Reserves
LIMITED.
THE YOKOHAMA SPECIE BANK,
Established 1880.
هامهات
,U.S.$6,000,000
.U,8,$1,572,454
U.S.$1,908,209
BRANCHES-
Аб
Janom
Nios
Antwerp
Glasgow
Naples
Athana
Havana
Harlin
Biarri Bombay
Hamburg Havre Interlaken Jeruzalem
Pisau Paria
Canang
Breman
Capital (fully pald-up) Yen 100,000,000 ......Yen 115,000,000 Reserve Fund
Brusela
Ваков Cairo
Ildo London Liverpool
Esking Patarino Finsterday
Head Office:—YOKOHAMA, ·
Alexandria Batavia
Berlin
Branches and Agencies at!
Manila Nagasaki Nagoya Newchwang
Bombay Calcutta Canton
Changchun
Dairen (Dalny)
New York
Pelping Rangoon
Fengten (Mukden) San Francisco
Hamburg Hankow
Harbin
Kai
Kong
Yuen Karachi Kobe
Londen
Angeles
Rio de Janeira Seattle
Semarang Shanghai Shimonoseki Singapore Soerabaya
Sydney Tientsin Tokyo Taingtou Interest allowed on Current Ac- count.
Lyons
Deposits rocolved for fixed periods at rates to be obtained on application.
H. MORI,
Manager. Hong Kong, 11th April, 1981.
Calcothe Cabos Colombe
F
Lucerne
Lurso
Lusce
Karnata Slanta Carlo
Woodla
Montreux
Kian
Roma Bambou! Fbaoghal Soettam ploo Singapor B1. Moja Tienlais
Viaza Fenica Eckobama Žurkak
Constantinople Copenhagen Edinburgh Florenos
Branches of American Express Company in Principal cities of Unit- ed States of America and Canada.
All classes of Commercial Banking. Transactions undertaken.
Personal handled.
investment
accounta
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 Do- partment.
Ajliated with
THE CHASE NATIONAL BANK Rosquées Over G$2,500,000,000
C. IL BENSON,
General Manager.
THE BANK OF EAST ASIA, LTD.
Established 1918.
HEAD OFFICE:
10, Des Voeux Road, Central HONG KONG
Capital and Surplus
Total ReworÇOE.
over HL$ 8,000,000.00
over. E. $35,000,000,09
Byary description of Banking and Exchange business
tand Fload Deposit Accounts in local and for- snçlik opened, for elianta:
Recount and Safe Deposit Boxes,
all over the world. KAN TONG PO,
B4Chief/Manager:
*
8,000,000
4,000,000
4,000,000
2,520,000
Branches, Agencies and Correspon- donts in the principal cities of the world.
Every description of Banking and Exchange business transacted.
TAN ENG HOOL,
Manager.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
INETHERLANDS TRADING BOCIETY)
DANKZ18.
Established 2014,
Bagong liver-11, Queen's Road Central,
Authorland Caphat
Paid-ip Capital
Besarts Fund
Palambang
Weltevreden
Chuilders 150,000,000-
(11.800.000.1 Builder 80,000,000
(£8,500,170) Guildare” 48,018,000 (23,814,580)
THORNYCROFT, LTD.
and
Commerce
Finance.
Questions Asked by Shareholders.
· LIVELY DISCUSSION.
was
were
The secretary pointed out that the remuneration was to be reduced to $2,000. They had been in touch, with the auditors.
the The Chairman said that directors were going to forgo part of their fees but it was not shown in the accounts owing to the fees being payable by the articles of association.
Capt. MeAlister asked how many directors' meetings had been held} during the year.
Many questions
asked by shareholders at the annual meeting The Chairman replied that under of Thornycroft (Singapore), Ltd., the articles of association the direc- which held on May 8. Mr.tors. met once a month. Merton B. Brown presided,
·After further discussion the Moving the adoption of the repart Chairman said they were now hav-| and accounts, the chairman said:ing almost more work than they
"We regret to have to report a could take at the shipyard. net loss for the year of $27,638.74.
Capt. McAlistor: That is After. deducting this amount from hopeful. We should soon the amount brought forward from show a profit. the last account it leaves us with a credit balance in the profit and 1998 account of $15,211.67, which we forward to next propose to carry year's accounts.
con-
very start to
The Chairman said they were cer- tainly doing well at the shipyard. Things were very satisfactory. They had got orders for дет launches, and already got estimates for five new launches.
After further discussion,, Mr. Dyne seconded the accounts, which were carried.
Head Offney-AKSTENBAK• Eastern Hand Office --BATAVIA, BRANCHES -- Bandfarmanis, Sandowng", Bombay, "As we are all aware, the year
Calrusta, Charbon, Djamber, Djak jakaria", The Hagan', Jedina, Kobe, under review has been one Sota-Ralje, Makini, idetan. Padang gilerable difficulties, and has been
Pekalongan, Pupang Fantisark Rangoon Bodem felt on the marine side by a con- Bansrang". Shacabal. Ebola (ur) Blogapore,
Hoursbassiderable drop in the sales of now
Mr. H. R. L. Dyne was re-elected Soerakarta (Hot Teesi. Till launches. I made mention last year a director, and Evatt and Co. were
of a slipway at Tanjong Rhu. You re-appointed auditors. will see from the accounts we have Capt. McAlister said he consider. purchased a small strip of leaseholded the matter of auditors' re- land at Tanjong Rhu, and the alip-muneration should be considered way is now completed, and I am further by the directors. ploused to say the amount of repair The Secretary informed the meet- work we are getting is most grati-ing that the auditors' remuneration' fying.
had already been dropped from $2,400 to $2,000.
• Those shows hava vafa depeelt, bones to let. London Bankers :-National Provincial Bank Ltd. Correspondents all over the world
Banking busts of story—
dactillas tropacket./
A, STOKKINK,
Hong Tong, 18th Augurk, 1980,
Manigor.
THE BANK OF CHINA.
行銀國
"We have sold a fair number of vehiclea during the year, but in view
Capt. McAlister said he consider-
of the heavy competition we haveed even that figure was too much. been compelled to reduce our prices. The Secretary pointed out they It is gradually boing realized that carried a very big stock of small It pays in the long run to purchase spare parts which entalled a con-
siderable amount of work.
Reorganised October 20, 1928, under a really high class vehicle such as
ernment as an
INTERNATIONAL EXCHANGE
BANK.
Writing Down on Stock.
special charter of The National Gov-we offer and at the prices now rul-
In answer to Capt.. McAlister, the ing the vehicles are exceptionally good value and we anticipate an In-Chuirinan said the loss of $27,698 crease in our sales. Our car and included a considerable sum for the lorry repairs department is making writing down of stock which, if they were able to sell next year, good progress.
would be proflt.
Subscribed Capital ...$25,000,000.00 Paid-Up Capital.......$24,710,200,00 Reserve Funds .....$ 3,820,503.32
HEAD OFFICE: SHANGHAL
HONG KONG BRANCH: 4, Queen's Road Central.
Capt. Morrell asked if the Chair- man expected values for spare parts to come back.
"On turning to the balance sheet there are extra items of leasehold land, wharves and slipways to which Plant and I have already referred.
The Chairman: Values of spares equipment has slightly increased! owing to new plant we purchased aro nearly always the same at home. Owing to our numerous branches in during the year for our repair busi- They do not go down very much.
Capt. Barnes asked if the repair) China and large connections in the im- ness and ample depreciation has portant commercial centres of the been provided. Sundry debtors work paid overhead expenses when world, we are able to extend to our have decreased, and an ample re- times were normal. clients special facilities for domestic and foreign banking and exchanges.
serve made for bad and doubtful We also handle the issue of Bends debts. and other Public Funds of the Chin- ese Government both at home abroad.
SHOU J. CHEN,
Hong Kong, 6th March, 1981.
The Chairman then moved the and adoption of the report and accounts.
Manager.
THE BANK OF CANTON, LTD. Established 1912.
ал
The Chairman said the overheads were too high for that. He thought| they were in a very favourable posi- tion, and things seemed to be im- proving for them every minute. Sales of lorries, and also of boats, were increasing. Repairs at the shipyard and spares were also in- creasing considerably.
Capt. McAlister: When was this increase apparent?
Capt. McAlister's Questions. Capt. McAlister asked for explanation of the increase in the item on the balance sheet "works vehicles, etc., at cost, les deprecia- tion." This, he said, last year was shown at $6,378, while the present balance sheet showed it at $34,287. He would like to know what the figure represented, and if that Capt. McAlister: This seems to be the only business in the Colony heavy expenditure was justified.
The Chairman replied that they that is improving. 1,100,000
secured the F.M.S. Railways' con- The Chairman: Yes, I am sur- tract, and, therefore, the figure in-prised. cluded their own vehicles.
Read Office:-Hong Kong. Authored Capital (EX. Currency) $11,600,000 Paid-Up Capital
8,655,000 Bir Fendrana
BANCHES
Canton. Shanghal.
Hankow. Bwalow, Bangkok, New York and as Frases
CORRESPONDENTS
LONDON BANKERS--
Iba Lloyd's Bank, Lizniləd
In all principal cities of the World.
Foreign archange and isokina bustness of every description insasied.
Bala Deposit Boxas (varioan gines) at a poorly mental of from 65 to 140,
LOOK POONG SHAN,
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)
The Chairman: Since January this year. We have got two slip- ways going, and they are full up.
Capt. McAlister! It is good toj is taking an} Capt. McAlister painted out that hear that someone
showed an Increase of optimistic point of view. the figure $27,864 over the previous year. Did Mr. Santry pointed out that they the that represent the vehicles in stock? had an item of $34,000 on
was a good The Chairman said it included balance sheet which Chief Manager. the vehicles operating on the F.M.S. profit earner for the coming year.
Raflways' contract.
The Chairman sald things had The secretary anid the vehicles on improved in February, March and that contract stood at $29,823. April, and things were certainly the moment. The The Chairman pointed out that looking up at the F.M.S. Railways called for work of the shipyard, especially. the tenders for ten vehicles to be pro-repair work, was making a good) vided, and to be paid for at so much profit. They had certainly had a a mile. The company secured the very bad time. The chipyard was contract, and it was bringing in a great success at the moment.
Mr. Santry. sald the directors had good profit. It had turned out very! well although it was a bit of a decided to reduce their fees in spite of the fact that they were fixed by gamble at first.
Capt. McAlister asked to be up- the articles of association. It was Makong, Nauta, Blinchiku, Talchs, Thinplied with figures showing the loss just a question of book-keeping, Takao, Tamaul, Town, H, Talio. CHINA:-Bangal, Hankow, Amor. Foker, month by month. He took it that The fees would have to be paid out, OTHERS-Hong Kong oppor, Beynst year, things were fairly normal. but part would be returned.
Bernaran York Delno
Delaria, Bonebay. Das He had been told they were losing The meeting then closed-Straits LONDON BANKERS:
HEAD OFFICE:-Talgeb, Formosa.
Incorporated by Special Imperial Charter, 1899.
F
Central Bank La Formosa, Back-Noten med Arecage amona
BRANCHES AND AGENCIES JAPAN 1-Tokyo, Yokohama, Kole, Oraka. FORMOSA --birea, Kagi, Barako,
Bustow, Caston
Lodoo,
13,000,000
Kealand
The London County Weimins and Pur'a Bank. The Bank has Centrepondends in all the principal Commercial Contess throughout the world.
E. KAGUNA.
HONG LONG BEANOR
8. Da Vara Bond Cantreă, Hong Kong. Mih January, 199
YOU
Masag
ARE INVITED TO ÍNSPECT OUR STOCK OF
ASIATIC FOREIGN AND COLONIAL
POSTAGE STAMPS
IN SETS, SINGLE PACKETS;
BAGS AND IN APPROVAL SHELTE
GRACA & CO.,
Daalers in Fostage) Siami,
Philatelie Goods, Pietures;</
„Postcards, Toys, de.
WYNDHAM STREET, TO TENG BF. HỒNG KÔNG
about $6,000 a month.
Times.
BRITISH GAS LIGHT.
The Chairman agreed that some months they did lose as much as that, but it, all depended on the in- voices. If they sold one or two
The British Gas Light Company boats in one month they got a profit has applied to the Board of Trade on that month for $2,000 or $3,000 for a special order vesting in it the However, the next month if there gas section of the business of the were no boats going out, then they Flint Gas and Water Company: The showed a loss of probably $6,000 or intention is to attach the new ac- $7,000.
quisition to the Holywell, Green- Capt. McAlister pointed out It field and Bagillt undertaking, which was a serious matter if their losses It adjolas and which the British ware, increasing. It showed a vast Gas Light already controls. difference from the previous year The Flint company was formed in when they showed a profit, and paid 1852 and is a dividend paying con- a dividend.
cern. Its gis business is up to date The Chairman commented that and progressive, and should work in things were very much worse now advantageously with the Holywell than last year
system. Sales have approximated to 24,000,000 cubic feet. This is the first, absorption announced by, the
Directors' Pees."
Capt. McAlister pointed out the
ter Directors and auditors' fees, British Gas Light this year. In $5,400" was very high. He said, 1930 it took over five undertakings. the Straits Trading Co., Ltd, show-
ed that Item as only $8,500, which Was
only 12,000 more, and the bu Straits Trading Co... was, a much bigger company than theire. Petal- ing paid only $1,500, and thất was quite a big concarn"
COMING Z77
UST|MAGINE
THE
HONG KONG
PENINSULA HOTEL;
HONG KONG HOTEL; REPULSE BAY HOTEL;
PEAK HOTEL
AND
SHANGHAI
ASTOR HOUSE HOTEL; PALACE HOTEL;
HOTELS,
LIMITED
In association with the Grand Hotel des Wagons Lits, Peking.
THE HARBOUR VIEW PRIVATE HOTEL.
9-12, Chatham Road, Kowloom. Finest Situation on the Peninsula. Large Airy Rooms with Full Bencat of the Cool Sea Breezen. Unequalled Cuisine.
Phone Tel. 56784.
ProprietressMrs. Gardiner.
MARBLE HALL
Cable Add. "Harview."
21, Nathan Hd., Kowloon.
Tel. 57089,
A Select Private Hotel furnished with an eye to the comfort of its Tenants. Single and double suites of rooms with private bath. rooms attached.
Overland China Mail.
A WHOLE WEEK'S NEWSPAPERS IN ONE.
Two Chinese who pleaded guilty to a charge of high- way robbery in the Colony, were sentenced at the Criminal Sessions to three years' hard labour each. The full account of the trial appears in the current issue of the OVERLAND CHINA MAIL.
*
The future of Hong Kong as an air port was graphi- cally prophesied at the weekly tiffin of the Rotarian Club of Hong Kong by Wing-Commander A. W. F. Glenny, R.A.F., who went on to suggest what geographical advantages the Colony possessed in this respect. A full account appears in the OVERLAND CHINA MAIL.
*
**
Cases brought before the Kowloon Magistrale, in which soldiers of the garrison were concerned, caused indignation amongst their colleagues. Reports of the occurrences, with all necessary reserve, appear in the OVERLAND CHINA
MAIL.
Outstanding in the sporting world in Hong Kong was the victory of the Australian pony, Woodland Stag, carry- ing 180 b. Full descriptions of the races, together with future prospects, are included in the OVERLAND CHINA MAIL
*
What is a logical time to finish a drink? The OVERLAND CHINA MAIL carries a report of an interesting case heard before the Central Magistráte, as to the ruling on law. In the end, a nominal fine was imposed, after some arresting legal argument.
Other news is fully catered for by the OVERLAND CHINA MAIL, which reproduces special news from China
proper.
#
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It is a ardent correspondents.
For your folks at Home to re- kindly thought, therefore, to ensure caive this weekly budget, or to keep that there away from the Colony, yourself posted with affairs during or folks at Home, should have an your absence, all that you have to unfalling supply of Hong Kong do is to drop a note to the "Over and Chinese news every week-byland Chino Mall" means of a subscription to the "Overland China Mail,”
The word "Overland" is a re- minder of the sxperience behind the Without any trouble of packing production, it having been publish- and worrying about the Post Office ed since the early days of the on your part, and at the cost only Colony, to be sent OVERLAND of $3.75 for three months, the because there was no Suez Canal, "Overland China Mall" solll be and that was the quickest route sent Home for you every week, by which to gat mail Home. In catching the mail regulariu. 10 the march of time the "Överland contains the news and spectat China Mail" has become the most features from the day "China popular weekly news budget, is se Mail" that make a studied appeal has been compiled just to suit
people with any interest]
to
onatsoever in Hong Kong, and Pont-day requirements, as it has all along. What mere could many letters from Home, Austra- be desired f
READY TOMORROW
Mail via Súez closes at 10.80 a.m., May 23.
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THE OVERLAND CHINA MAIL"