THE
CHINA MAIL.
BANK S
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorias Capital
....... $50,000.00
Taound and Pully Paid-up $90,000,000 Recirte Funde ;-
Brayling..........15,500,000
Silver................ $10,000,000
Massere luistity of Proprietare ),000,00 READ OFFICE: HONG KONG.
BOARD OF DIRECTORS-
Hon. Mr. C. 0, 8. Maskim. Chairmas.
Hon. Mr. A
11. Mr. J. J. Paleraco,
Deputy Chairman.
Hi, T. E. Pearce, Esq.
A. Complun, Fag. J. A. Mummir, Esq.
B. Lender Lewis, Faq. T. 31. R. Shaw, Esq.
Miskia, Esq.
J. P. Warren, Esq.
Chlet Manager,
V. M. Orayburn. Eng
BRANCHES 2——
LONDON
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON. Paid-up Capital
CAWNPORE
CEBU
THE HO HONG BANK, LTD.
(Established 1917.)
¤
11001
HANGKUK
MATAVIA
BMDAY
CALOPITA
CANTON
PREF
DATHES LOOSTROW HAIPHONG HAMET NO BANKOW HARBIN 10NGKI
hollo
16
JEFORE
Ku
KAW LOD
KALA LUMPon
1.YON4
MALACCA
MANILA
MAR Donnel
MUKDEN
NEW YORK
FEIRING
SAN FRANCI40: SHAMBA
SINGAPORE
NOURABAYA
SINGEI PATANI THENESIS
11810
ISINATAU YOKOHAMA
Surreal Accouale tied in Teral Quirer sy Aut Piznd Exposta incaired for one year ne sar periods in Local Currency and Sterling a terme arch will be quoted on mpplicating
14. 29th Fabenery, EVEL.
HONG KONG SAVINGS BANK.
14 Hines of the absen Dank to conduct. ad by the ONU KOM AND SHANGZLMÍ BANAING CORPORATION, lunamay ba obtained un appels atte
FOB THE HOSORONO AND SHASOHAI BANKING CORPORATION,
V. 3. GRAYBURN,
Hong Kong. 10th July, 1999,
Chal ManagTÍ.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
96. Boulevard Haussmann, Paris.
Subscribe! Capital Frs. 72,000,000.00 Pal-Up Capital...Fr. 65,400,000,00 Reserve Funds Frs. 102,000,000.00 BRANCHES: Bangkok Hong Kong Quinhon
Saigon Battambang Ho Cantha Mengize Shanghai Nam Đình
Canton
Dibouti
Nume
Fort-Bayard Pappete
Haiphong
Peking
Singapore Thanh Tientsin Tourane
Pondichery Yunnanfu BANKERS:
Hankow Phar-Penh Vinh Handi
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais: Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; 50-1 ciete Generale.
IN LONDON: The National Provin cia! 4 Union Bank of England, Ltd.; Comptoir National d'Escompte de Pari; Credit Lyonnais.
IN NEW YORK: J. P. Horgan G., French American Banking Cor. parauen; Guaranty Trust Co. of New York.
-
Current Ac. Interest allowed on counts and Fixed Deposits according to arrangements,
Every description of Banking and Exchange Business trannetel.
and
Commerce
Finance
MISSING DEBTORS.
£3,000,000
Reserve Fund
£4,000,000
Reserve Linblilty of Pro-
prietora
.£3,000,000
HEAD OFFICE:-SINGAPORE. Hong Kong Branch: 13, Queen's Rd. C. Authorised Capital Straits $20,000,000
8,000,000! Issued Capital....
4,000,000! Paid-up Capital ... Reservo Liabilities
Agencies and Branches:
of Shareholders. Surplus
- 4,000,000 2,520,000
14
ASSETS DESCRIBED AS
'WORTHLESS."
ALUR STAR
KUALA LUMPUR
(Malay Mal}
RECHINO
ALISAB
BANGEDS
MADRAS
MANILA
BUNDAY
MEDAN
NEW YORK
BATAVIA
CALCUTTA
CAKTON
COLOMRD
DAINEN (Dains
Bouth Miarkurlað
HAIPHONG
DELUI
HAMBURO
DANKOW
PEKISO
PESASU BANOOUN
BENARANG
HATOON
SEREMBAN
SHANGHAI
HINDAPORE
HIURABAYA
TAIPINO (P.M.B.)
BARIN
IN. 31anchuria
HONO KOND
Letto
IHI
KARACHI
TAVOY
TIESTSIN
TORYO
BLASO
KOBE
ALA KANGSAR
(9.1
tweigh
TSIMITAO
TOXOKAH (Ibu
YOKOHAMA
ZAMIJANGA
Exchange
(Phippina falande
and
General
Banking business transacted.
Current Accounts 'opened and Fix- ed Deposits received for 1 year or shorter periods at rates which will be quoted on application.
Manager.
A. H. FERGUSON,
hung Kong. 8th January, 1929.
THE NATIONAL CITY BANK
OF NEW YORK.
Branches, Agencies and Correspon- dents in the principal cities of the world.
Every description of Banking and Exchange business transacted.
TAN ENG HOOI,
Manager.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
INKIKEBLAND TRADING BOOTELY) BANKERS
Fatehabad 1824.
Hong Kong Onion:-ik, Qussa's Bond Coral authorised Capitulidare 180,200,000- (£1,100,000.3 Told-Up Capital ... Ouilders 90,080.00
(20,560,170) Bazarve Fund ................ Builders 40,016.A
(29,834,637)
Head Offer-AMSTERDAM" Eastern Bud ON:-BATAVIA.
Calovila Charibon, Djember, Djok Jakarta, The Hisqua“, Faldah, Kobe, Koss-Radio, Makassar, Medan, Padang
Felambang. Pekalongan.
Pontianak, argco Betard
Bibolg
BADRAN,
Gaming (Rumstra, Singapots, Boarabel Braate (Solo), Tagel, Tinjap and Walzerreden".
• These free hars pafa dapat bozes to Tab. London Bankers :-Kulloast Provincial Bank 3d, Carespondit all over the world
PETITION AMENDED.
In
Court the Bankruptcy on Saturday morning., the Ofli- cial Receiver, Mr. E. L.
Agassiz, objected to credi- tor's petition made jointly against Li Wai-tong and Li Wai- lam, described as father and son. who had been in business 19 brokers.
Was
Petitioner, in the witness box, deposed that debtors owed him $1,010, on a $1,000 loan made in July, 1929, upon which only a had few payments of interest been made. The principal had never been repaid.
COTTON FOR INDIA.
HUGE DECLINE SHOWN IN EXPORTS.
CHINA TRADE IMPROVING,
TEXTILE MERGER.
TO AVOID WASTE IN OUR FOREIGN COMPETITION.
i
MONDAY, MAY 25, 1931.
THE OUTLOOK IN MANCHESTER.
Foreigners Unwilling to Raise Prices.
DEMAND FOR YARN.
JAPAN'S FOREIGN TRADE.
Excess of Imports Recorded in April.
LOWER EXPORTS.
Japan's export
During April values amounted to Y.81,000,000,
Manchester, April 22. The American cotton market re- mains quiet. Daily fluctuations have resulting in an import excess of been within narrow limits, and last Y.45,000,000. The total amount of night Liverpool finished with cur-this import dxcess since January rent month's futures at 6.47 as com- this year is 1.82,000,000 which a8 pared with 6.45d, last Wednesday at against the previous corresponding noon. Egyptian F.G.F. Sakellaridia period shows a decrease of Y.73,-
000,000. fell 10 points on Thursday and a
The export excess
of further 20 on Friday: 10 points) specie ducing the month under re- London, Saturday. were gained on Monday, but yester-view was put at Y.2,000,000, and A huge decline of 338,445,000 day the quotation fell to 8.45d., as the total amount of the export ex- square yards in the exports of compared with 8.80d. last Wednescess since January this year is cotton goods from the United day. Spot sales were only moderate Y.6,000,000, which compared with Kingdom to British India is last week, the total amounting to the previous corresponding perlad shown in the Board of Trade $1,800 bales, the American quota registers a decrease of Y.192,000,- statement that only 139,917,000 'being approximately one half, and 000. The export trade figures for
American were exported in the first four | South
6,020 bales. the six largest ports to China dur- months of 1931, compared with Egyptian and Sudan were fairly ng April amonunted to Y.21,000,- The petition, made by Lo Kai- 478,362,000 in the same period in good at 5,470 bales; African totalled 300, resulting in an export excess hong, alleged that debtors had 1930.
1,660 and the balance of about 2,000 of Y.4,000,000. assets to the value of $7,300. On the other hand exports of bales was East Indian and from
Finances Steady, One of these assets was a hold-cotton goods to China, including sundry other sources of supply.
Since the formation of the Akat- ing in 3 Chinese company, Hong Kong, increased from
Little Animation in Yarn.
suk! Government, the general senti- valued at $1,800, whilst another 36,891,000 to 42,887,000 in the
The American yarn market pre- ment in financial circlea has been sents little animation. Trade ia steady with little effect on the gen. said to be the balance of same period.-Reuter, money owing on a contract with
generally quiet, and though here and cral market situation. BRANCHEA - Bandmasin. Eandoeus. Bomber the Po Hing Theatre in Kowloon.
there some
Although fair lines of coarse the exchange situation Was tem- cuants have been booked, these may porarily unfavourable, it has since be termed seasonal sales, and not
become steady. In the stock ordinary business. In medium markets, owing to the glut of shares counts, some
moderate weights of held by buyers and the weak ten- rightwist of the cheaper gradea dencies of various commodities, the have been sold, but more could have general tone has become weak. been done had sellers been willing in industrial circles, varioua com- to break their prices. There Stiff Examination.
a panies were registered in the period pears to be rather less readiness on under review, these being capitaliz The Official Receiver, after the
the part of many spinners to give ed at Y.57,000,000, while a total of examination by Mr. F. X.
way, and a firmer front shown. In d'Almada, Snr., subjected the
Y.54,000,000 was of fresh capital | two-folde, some sales for home witness to. a searching cross- The terms of the members for
raised for the expansion of old consumption
mentioned, but examination as to the statement six of the leading Lancashire export demand is slow.
firms and debenture purposes.
Cotton spinners have decided of assets. Replying to questions, textile machinery manufactur-
Egyptian spinners experiences witness said thut his opinion ing concerns with a total issued
cut operations by 25.2 per cent., vary considerably, whilst many find this being effective from July this was that the debtors were ac- capital of over £7,000,000, have demand slow, in not a few instances Reorganiseel October 26, 1928, under tually partners, or were trading been prepared by Sir Gilbert good lines of regular lols have been year, and they have agreed to take spanist The Natimai Gow together. The profits made were Garnsey, Actuatortly submit brought to book, more especially b) of operations by 10 per cent. and 35 divided between them. The asset Directors will weft for manufacturing, and doubl for $1,800, he had been informed, proposals to shareholders and re-ing weft cops.
Some moderate per cent. have been steadily enforc
ed respectively by rayon silk opera- was a joint one. His brother-in- commend their acceptance.
weights of twofolds for the Eastern! The object of the grouping outlets have been done since par last! torg. Subscribed Capital -$25,000,000.00 law had told him it was so, and
Silk Weaker. Commercial and Travellers' Letters Paid-Up Capital...$24,710,200.00 he had learned the same thing scheme is to eliminate wasteful issue, and further lots are still is
$3,920,503.82 in the course of casual conversa competition in meeting foreign course of negotiation. For the The price of raw silk, owing to Reserve Funds .....
tions with brokers and business competition. British Wireless
home trade fair weights of crepe, unfavourable tendencies abroad, has men with whom he (witness) Service.
and poplin yarns for weaving with weakened in spite of the small de- came into contact. His estimate
artificial silk have been placed. livery of goods since the enforce- of the liabilities of debtors had
General trade, however, is still con ment of "silk holidays," and the been on a conversation with the
fired to limited purchases for early tender for the Government secured older of the two, who had said
requirements.
ailk amounting to 70,000 catties was Owing to our numerous branches in that he owed a "good deal of
received on April 27. China and large connections in the im- money." From information wit-t portant commercial centres of the ness had received he had arrived; world, we are able to extend to our ellents special facilities for domestic at the conclusion, that the liabi-
lities were round about $11,000. and foreign banking and exchanges.
We also handle the issue of Bonds The Official Receiver suggest- and other Public Funds of the Chin-ed that witness was now stating Manager.ese Government both at home
abroad.
SHOU J. CHEN,
Hong Kong, 5th March, 1931,
HEAD OFFICE: 55. Wall Street. New York.
Capital Surplus and
Undivided Profits..U.S.$224,554,298
Branches in:- ARGENTINE LONDON BELGIUM BRAZIL CHILE
CHINA
COLOMBIA CUBA
DOMINICAN
REPUBLIC
INDIA ITALY JAPAN
MEXICO
PANAMA
TERU PHILIPPINE
ISLANDS
PORTO RICO
STRAITS
SETTLEMENTS
URUGUAY
VENEZUELA
of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfers Current accounts bought and sold, and Savings Bank accounts opened
Fixed nod
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. toniers the services of the Branches of the International Banking Corpora. tion in Sua Francisco and Spain and also of The National City Bank of New York (France), S.A., in Paris and Nico.
F. MrD. COURTNEY,
Hong Kong, 20th February, 1931.
Banking balosna of avery description trailed.
1. ATOKKINK,
Soap Kong, 1815 August. 1985.
Haasger
THE BANK OF CHINA. 1 # 國中
erament as an
INTERNATIONAL EXCHANGE
ΒΑΝΚ.
HEAD OFFICE: SHANGHAL
HONG KONG BRANCH: 4, Queen's Road Central.
CAPITAL OF £7,000,000.
Rugby, Saturday.
SELLING WHEAT.
Conference's Weighty
Decision.
are
Miscellaneous Inquiry for Cloth.
It is still a day of small things in the cloth market. There le a fair miscellaneous inquiry, but it is hard
four holldaye a month.
to
The cut
The export of cotton pièce goods and yarn has become dull owing to the recent decline in silver and
to say how much of it is actually American raw cotton quotations. Lucknow, Saturday. brought to book. As far as India In the circumstances, the in- The final plenary session of is concerned, the demand is chiefly auguration of the exporter's asso- and in the box that he could not be the International Wheat Confer- from Karachi and the upcountry elation for the control of the ex-
certain about the $1,800 asset Manager. being a joint one, yet he had de ence to-day decided to appoint markets. There are also inquiries port Habutne, hemp and cotton flan-
clared to that effect in his affida- committee to submit a proposal from the Straits, Java and China, nely is being welcomed.
Witness replied that the to establish a clearing house for nothing, however, on a large scale;; affidavit contained "all he knew" information to explore avenues buyers are universally diffident and
Regina building permits for the on the subject. It was still his of the greater utilisation of are in most cases unwilling appre AMERICAN EXPRESS COMPANY, THE BANK OF CANTON, LTD. opinion that the asset was a joint wheat, and further to make preciably to improve their rates, 60 that first quarter of the year amounted parations to carry on the aims of many offers, if referred back, in' to over half a million in value, or the Conference.-Reuter.
many cases do not materialize. ! $542,841.
THE
INC.
Head Office: 65, Broadway, New York.
Safe Deposit Boxes to let.
A. BONNAUD,
Manager.
Capital Surplus Reserves
Hong Kong, 1st May, 1931.
THE YOKOHAMA SPECIE BANK,
LIMITED.
Established 1880.
Capital (fully pald-up) Yeu 100,000,000 | Reserve Fund
.Yen 115,000,000
Head Office:-YOKOHAMA.
Branches and Agencies at:
Manila
Alexandria
Batavia
Berlin
Bombay
Calcutta
Canton
Changchun
Dairen (Dalny)
Nugasaki
Nagoya
Newchwang
New York
Osaka Paiping
Rangaon
Fengtien (Mukden) Rio de Janeiro Hamburg
Hankow
Harbin
Hong Kong
Honolulu Kui Yuen
Karachi Kobe
London
Los Angeles
San Francisco Seattle Semarang Shanghai Shimonoseki Singapore Soerabaya Sydney
Tientsin
Tokyo Lyona
Tsingtau Interest allowed on Current Ac- counts.
Deposits received for fixed perioda at rates to be obtained on application.
H. MORI,
Manager.
Hong Kong, 11th April, 1931.
.U.S.$6,000.000
U.S.$1,572,454 U.S.$1,908,209
Voster Jack Aria art
Scher
Ismet
ປີການ Brand Brumfa
Lila
Suwita Alten
BRANCHES:-
Gam
flak Hamburg
Interlaken Satunsiva
Goodza Liverpool
Nio Sapon
Pitaru
Faith T
Γιάννης Patriz Twiterday.
Calna
Luverne
Calrute
Lugua Lutot
Elambout Ebanghel Southampton
Calon.bo
Murillo
Moste Carle
Scala
Yumirb
Contrautsop!s
Singapore
Starti Trentain Vist.o
Contr Yukohas Zarlsb
Copenhagen Edinburg Plorauce
Montag Milan Branches of American Express Campany In Principal cities of Unit- ed States of America and Canada.
All classes of Commercial Banking Transactions undertaken.
Personal Investment handled.
accounta
The Company offers to intending Travellers the use of its "Travelers Cheques" and Letters of Credit and, in addition, the world-wide services
Established 1912.
Head Ofce-Hong Kong,
Aulbortsed Capital (II.K. Currency) $17,000,000 Paid-lip Capital
8,683,800 Buorve Fund
1,100.00
BRANCHES--
vit.
one.
Debtors Missing. Further questioned, witness said he had not seen either debtor see the date of a judgment Balagainst them obtained in connec-1
tion with the Po Hing Theatre contraet. It was possible they might be in Canton. He did not think they were in the Colony.
Caton, Shangbal, Hankow, Bangkok, New York and Bau Franciaso
CORRESPONDENTS
LONDON BASKERS 1–
The Lloyd's Unsk, Limited
je all principal chiles of ika World.
Forsign sekanga and banking burienn ei away description inasacted,
Bafa Dupomis Boxes (Varioru sisse) Rin foarly ranted of from 15 to $40,
LOOK POONG SHAN,
The Official Receiver pointed oul to the Chief Justice (Sir Chief Manager. J. H. Kemp) that he was oppos- ing the petition, and the granting of a Receiving Order, on two
THE BANK OF TAIWAN, LTD. |grounds. In the first place there
(TAIWAN GINKO.)
HEAD OFFICE:-Taipeh, Formosa.
Incorporated by Special Imperial Charter, 1899.
Cental Bank in Foresona.
was no proof of any joint assets, nor
was he satisfied that the debtora were partnera, or joint traders. Further the evidence as to assets was absolutely worth- less. The asset for $1,800 alone
Back-Notes med avarage HousYes. 45,000.could be admitted, but informa-
BRANCHES AND AGENCIEĄ:
JAPAN:-Tokyo, Yokohama, Kobe, Osaka, FORMOSA - Ka Каликова,
Takao, Tames, Toan, sito, Tulio,
tion in his possession showed that it was an asset of Li Wai- kong, Kanto, Bachiku, Talciu, Tal, tong personally, The Pa Hing CHINA |— Bhaaghal, Hankow, Amy, Fochow, Theatre amount mentioned was useless, as Li Wal-tong had been subject to an action which proved that in fact he owed money to the alleged debtor in the affidavit.
Barstow, Casion. OTKENS:--Hong Kong Bingapore, Barabaya, Semarang, Batavia, Bombay, Calca London, Has York, Dalran.
LONDON BARKERS,
The London County Westminster and Par's Bank
The Bank has Corapondasis in all the principal | Judgment had been given against
of thoroughly equipped, Travel De-Commercial Calow throughout the world." partment
Affiliated with
THE CHASE NATIONAL BANK
Resources ..Over G$2,500,000,000
C. H.-BENSON,
General Manager.
THE BANK OF EAST ASIA, LTD.
Established 1918,
HEAD OFFICE:
10, Des Voeux Road, Central,
Capital and Surplus
Total Resources
HONG KONG
over H.$ 8,000,000.00
... over. H.$30,000,000.00
Every descrition of Banking and Exchange businesa transacted.
- Current and Fixed Deposit Accounts in local and for
eign currencies opened for cilenta,
Savings Account and Sate Depost Boxes, Branches and Agencies all over the world.
KAN TONG PO,
Chief Manager.
K. NAGURA.
Maung.
HONG KONG BRANCH1
Du Ya Bond Cantrel, Hong Kong, 100 January, 1928.
[him in the case, with costs.
Petition Amended,
His Lordship asked if there was any evidence to show that the $1,800 asset was actually one 161166460112466[1]}}282002454919/189848 11:21 of Li Wai-tong personally. The
Official Receiver replied that an official of the company in ques-
COASTWISE tion could be called to give evid
by
"ALGIE" BENNETT,
An interesting book of Cartoons depicting "Happenings" on the China Coast
PRICE $1.00,
Now on sale at
BREWERS WHITEAWAY, LAIDLAW -
EXCELSION BOOK STORE.
ence, if required. He asked for the petition to be dismissed.
Mr. d'Almada contended that the joint petition could be en- forced. He submitted that the debtors were actually joint. traders. But, however, His | Lordship might rule on this point, he would ask for a Receiving Order to be made against Li Wai- tong.
His Lordship was of opinion that the petition might be dis- miased, as it could be proven that the debtors were joint traders. On the other hand a Receiving Order could be made against Li Wai-tong on an amended petition. After further discussion, His The Newspaper Enterprise, Ltd. Lordship made a Receiving Order
and at the Publishers
China Mail Ballding.
against L. Wal-tong, amending the petition by striking out the name of L1 Wai-lam
I jump from Bennett to Wells to Walpole, over and over again. But-
I NEVER CHANGE FROM "Gold Flake"
WILLS's
As mild as a sun-kissed day in June-as mellow as arare old port as sweet as a rich, ripe Honey Dew melon Gold Flake for mine anywhere. any time, always!
GOLD
FLAKE
CIGARETTES
AS GOOD AS GOLD