BANK S
HONG KONG AND SHANGHAI BANKING CORPORATION.
vsharleed Capital Larued and Pully Paid-up Reserva Funda 2-
Aberling.........8,600,000
gilver
Rumors La.
loc.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853
HEAD OFFICE: LONDON..
Paid-up Capital Reserve Fund
THE CHINA
MAIL.
THE HO HONG BANK, LTD,
(Established 1917.)
HEAD OFFICE: SINGAPORE. Hong Kong Branch: 13, Queen's Nd. C.
110,500,000 ***** $30,000,000
£3,000,000
$10,000,000
£4,000,000
Authorised Capital Straits $20,000,000 Issued Capital....
8,000,000
Proprietare...... $18,000,000
Reserve Liability of Pro-
prietors
Pald-up Capital ...
4,000,000
.$3,000,000
Reserve Liablities
HEAM OFFICE: BONG LOND.
Agencies and Branches:
of Shareholders Surplus
4,000,000
2,520,000
'BOARD OF DIRECTORS:-
ALO: STAR
KUALA LUMPUR
(Malay tales)
XUGHING
AMRITSAD
BANGKOK
MADRAB
MANILA
KEDAN
New Yons
Hou, Mr. 0. 0. H. Machin Chalinao.
toa, Mr. J. J. Patorana,
Depuis Uhairman-
r., . Dell, T. E.. Poarce, Log.
II. Compian, Leg. J. A. Purmour, Paq,
B. Landar Lawle, Yag. T. 1. H. Shar, Esq.
4. Kickin, Eag.
AMOY
JIANO KOR
DATAVIA
BOMBAY
CALOUTTA
CANTON
CHEFOO
DOLOM DO
DAIDEN FOOCHOW
HAIPHONG
HAMBUR
HANKOW GARDIN
NUNUKEW
ILOILO
JOROUS
KOLK
KOWLOON
J. P. Warren, Esq.
Chief Managse,
V. M. Grayburn, Eng.
BRANCHES
KUALA LUMPUR
LONDON
LYOHA
MALACCA
MANILA
MUAR (Jokoem).
NEW YORK
PEIPING
BURDEN
PENANG
RANGOUN
SALOON
SAN FRANCIRO
HHANDBAL
SINGAPURE
KOTRABAYA
HUNDEL PATANI
TIENTRIN
TUKYU
THINOTAU
YOROU AMA
Current Aunla opaned in Local Corred and Find Depute repaired for one year of shorter periode in local Currency and Hasting an arm which will be quoted on upplivation. Hong Kong, Fibruary, 1921.
HONG KONG SAVINGS BANK.
The Burians of the above Bank & sonduct. d by the HONG KONG AND SHANOITAT BANLINO CORPORATION. Rules may b
oblated an HRONG AND RUANGHAI
FOR THE BANKING CORPORATION.
V. M. GRAYBURN,
Hong Kong, 16th July, 1990.
Call Manager.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
96, Boulevard Haussmann, Paris.
Subscribed Capital Frs. 72,000,000.00 Paid-Up Capital...Fre. 68,400,000.00 Reserve Funds ....Frx.102,000,000.00 TRANCHES: Hong Kong Quinhon
Saigon lue
Bangkok Battambang. Captho
Mengtze Shanghal Canton Nam-Đinh Singapore Djibouti Numea Thanha
Tientsin Fort Bayard Papeete
Haiphong Peking Tourano
Paon-Penh Vinh Pondichery Yunnanfu BANKERS:
Hankow Hanoi
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; et des Pays-Basi Banque de Paris Credit Industriel et Commercial; So- date Generale.
IN LONDON: The Nations! Provin. cial &
Bank of England, Ltd.; Union
National d'Escompte Faria; Credit Lyonnais.
Comptoir
de
IN NEW YORK: J. P. Morgan & Co., French American Banking Cor poration; Guaranty Trust Co. of New York,
Interest allowed on Current Ac- counts and Fixed Deposits according to arrangements.
Every description of Banking and Exchango Business transacted.
Safe Deposit Boxes to let.
A. BONNAUD,
Hong Kong, 1st May, 1931.
THE YOKOHAMA SPECIE BANK,
UMITED.
DATAVIA
BOMBAY
CALCUTTA
CANTON
CAWNTORA
OKBU
COLOMBO
DAINEN (Daliny
Bouth Manchuria) DELIT
HAIPHONG
BAKBONG
HANKOW
(B, Manohurls)
HARDIN
HONG KONG
KARACHI
IPOTI
KLANG
KODE
KUALA KANGSAR
(Para F..8.)
PEKING
PENANG
HANGOON
BAIGON
BEMARANG
SEREM BAN
SHANGHAI
BINGAPORE
HITIAWAN
BOUDABAYA
TAIPING (P.M.9.) TAVOY
TIRNISIN
TOKYO
TONDRA (Bhalet)
TRENDZAO
YORORAMA
ZAMBOANGA
Foreign Exchange
(Philippine Islande)
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.
J. STUART,
Acting Manager. Hong Kong, 28th May, 1981.
THE NATIONAL CITY BANK
OF NEW YORK.
HEAD OFFICE: 55, Wall Street, New York.
Capital, Surplus and
Undivided Profits..U.3.6224,554,298
Branches in ARGENTINE LONDON
BELGIUM BRAZIL
CHILE CHINA COLOMBIA GUBA
PHILIPPINE
MEXICO
PANAMA
PERU
PORTO RICO
DOMINICAN
REPUBLIC
INDIA ITALY JAPAN
ISLANDS
STRAITS
SETTLEMENTS URUGUAY
VENEZUELA
Commercial and Travellers' Letters of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfers bought 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 services of the Branches of the International Banking Corpora tion in San Francisco and Spain and also of The National City Bank of Now York (France), S.A la faris and Nice.
F. McD. COURTNEY,
Manager. Hong Kong, 20th February, 1981.
THE
AMERICAN EXPRESS COMPANY,
INC.
Head Office: 65, Broadway, New York.
Manager.
Capital Surplus Roserves
.U.S.30,000,000 .U.9.$1,572,454 .U.S.$1,908.209
BRANCHES ---
Linsterdam Aatmay Alha Brale Berlin
Glasgow
Hamburg
Nice Haplo
Firseus Purla
Bistrita
Interlaken
Barabay
Evang Peting Palarma
Bremen
Bruwala
LooLoa
Bollerdam Beta
..You 115,000,000
Bascos Aire
Liverpool
Cairo
Head Office:YOKOHAMA.
Calen Cannes Colombo
Established 1880.
Capital (fully paid-up) Yen 100,000,000 Reservo Fund
Branches and Agencies at:
Alexandria
Maria Nagasaki
Nowchwang
Batavia
Berlin
Bombay
Calcutta
Canton
Changchun
Nagoya
Now York Osaka Felping
Dairen (Dalny). Rangoon Fengtien (Mukden) Rio de Janeiro
Hamburg
Hankow
Harbin
Hong Kong Honolulu
Karachi
Kai Yuen
Los Angeles
Kobe London
Lyons
San Francisco
Seattle Semarang
Shanghai Shimonoseki
Singapore Seerabaya Sydney
Tientsin
Tokyo Taingiau Interest allowed on. Current Ac- counts.
Deposits received for axed perioda at rates to be obtained on application.
H. MONI,
Manager, Hong Kong, 11th April, 1981,
Constantinople
Copenhagal Pataburgh
Floreno
Lucarna Lugano Luxor
Marsellion Kocke Carlo
Kualch
Yourecz
Mian
Stamboul Shanghal Scsihampion Singapore 81. Morita Tientala VISGAE
Train
Yokohama Zurich
Gatavs
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
|
Branches, Agencies and Correspon- dents in the principal cities of the world.
Every description of Banking and Exchange business transacted.
TAN ENG HOOL
Manager.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(RETDERLANDS TRADING BODIETY)
BANKENS.
Established 1954,
King Kong One:-11, Queen's Bɔad Canteni. Authorised Caplis) Guilders 160,000,000- Paid-Up Osphal .............. Oplan 80,000,00
Kavervi Fund Builder 60,011,000
(412,400,000.)
(0,860,170)
(23,684,183)
Dead 01-AMSTERDAM* Eastern Bad Omos:-BATAVIA. BIANCHES- Bandjemain, Bandog', Bombay, Calovite, Oberlbon, Elambar, Disk Hota Badja, Makasan, Hadan. Fada Palembang. Pukalongan. Fan
Sat
The Yaddak,
Pontianak Rangoon, Notterdam",
Reangha Bibol (Bm) Biopon foursbala, Boerara (Bolo), Tres, Tjilmļas and Waherraden.
* Thea omone bara safe deposit loves to al Condos Bankers-National Prortcel Bank Ind. Correspondacks all over the world Banking buritzens of every
description transarkað.
L. OTOKLINE.
Hong Kong. 18 August, 1980.
Manager.
THE BANK OF CHINA. 行銀國中
TUESDAY, JUNE 2, 1931.
GOLD PRODUCTION.
TABLE.
Commerce and A VALUABLE COMPARATIVE
Finance
SWEDISH MATCH PROFITS.
Progress in Spite of Depression.
HIGH RECORD OF SALES.
Net profits of the Swedish Match Company reached a total of approximately £3,201,000 in the year 1930, an increase of £188,000 on the previous year's total. As- sets of the company now aggregate
The financial results of the Union Corporation for 1930 have
of
ROUMANIAN OIL.
SIR HENRI DETERDING'S
ADVICE.
Sir Henri Deterding, managing director of the Royal Dutch Petro- been published. The realised net leum Company, has made an in- A decline from teresting statement on the of in- Agreements have also been on profit shows tered into with the City of Dan-£418,034 in 1929 to £248,888, and dustry of Roumania, which he re- The pretent difii- zig, Lithuania, Turkey, Guatemala, the dividend for the year is at the cently visited.
reduced rate 26 per cent..culties are, he said, the conse Poland and British India.
To provide funda for the pay-against 44 per cent. In the bal-quences of causes having only a One of these ment of the company's share of ance-sheet, which is now, avail- temporary nature. the $125,000,000 loan to the Ger-able, the holdings of shares,
De- is the policy of the Soviet Union, which has a particularly bad in- mian Government, and so forth, it bentures, and other securities aro
decided
fluence tho again taken either at cost or at to increase
on Roumanian oil indus capital during the early part of market prices on December 31 (or, try.
from Kr.270,000,000 to in cases where no market price Another adverse factor is that.
issue of exists, at the directors' valuation), the production of oil is not easily Kr.360,000,000 by the 900,000 new "B" shares, and at whichever may be the lower. It adapting itself to consumption, at present markot but such adaptation must of the same time to issue a bond loan fa stated that
show a very necessity take place at some time of Kr.60,000,000 for subscription prices these assets
substantini surplus over in Sweden.
the or other, as it remains an obstacle amount at which they stand into the healthy development of the the balance-sheet. Share and De-industry. benture holdinga stand at £2,067,-
WAS
1931
Tariffs and Markets.
With regard to Roumania in
£38,371,000, as against £35,830,000 referred to as probable in the re.'152 (against £2,107,420) and Bri-particular Sir Henri is of opinion
creased
portant
tariffs in the
markets for
matches.
A reduction in the exports was port for 1929 owing to the in- tish and foreign Government and that the quality of oil in the coun- at December, 1929.
United municipal securities at £243,615 try's soll can hardly be estimat- The increase of tariffs has res.
There is ned. At the same time, the oil tricted exports from Sweden, but States and Australia. Since that (against £303,885).
report was issued two other im- decline from £577.322 to £291,141 wells of Roumania should be trent-
against ed with the utmost economy, any loss has been more than coun-
in temporary advances terbalanced by larger sales of China and Egypt, have become securities. Cash shows an in there is no reason
whatever to locally-made matches.
of After having been able to show practically closed through the in-crease from £1.192,970 to £1,435,- bore for oil for the purpose for eight consecutive years a con- tinued increase in the annual ex- perl of matches from Sweden, the Swedish Match Company has for
the year 1930 to record a decrease in the export of about 10 per cent. compared with that for the pre- vious year.
This decrease, state the directors, has not beer caus- ed by any diminished consumption of matches nor by the acquisition of match concessions in various
prohibitive Customs tariffs in Bey- eral States.
1931.
040.
05
selling it at the existing very low Included in the report is a valu- prices. But before all, he adds,
crease of tariffs, and it seems, therefore, probable that a further reduction in the export of Swedish able table showing the value of matches will take place during the output from the leading gold- producing countries in the world for the past eight years. World production for 1930 is shown at £85,500,000, of which £15.500,000, or 53.2 per cent., was from the
per cent.,
are
per cent. of that for 1929.
patience will be necessary, and such patience will be rewarded if only a prudent policy is followed.
This policy he summarises into " four points-namely, (1) to dis- tribute no dividends if this should cause strain on financial re-
я
Russian competition which in noticed in previous years was different markets has during the last year lost considerably in im-Transvaal and £62,000,000, or 72.6 sources; (2) to incur no debta;
Oficial statistics re- portance.
from the British (3) not to waste Was
a product that, garding export of Russian matches Empire. Gold production reached will not get lost if it is only left no longer available, but re- the highest level on record dur-where it is; (4) not to force drill- countries, but is entirely due to ports from different markets seeming the six years to 1916, whening operations, but, on the con-
to indicate that for the year 1930
the world output averaged trary, to restrict them for the the export has been less than 40 £94,000,000 per annum, while it time being.
dropped during the following six While the continual increase In years to an average of $74,000,000. the number of tariff barriers tem- During the past eight years it porarily causes considerable in-averaged £82,000,000 per annum a rising tendency, convenience, it has in the long and showed run no unfavourable effect on the mainly due, the report points out, earning power of the company. to the continued vitality of the Any loss in the export trade la Transvaal mines and to the im-
It is notified that the Straits more than counterbalanced by inprovement in Canada, although Currency Commissioners will issue sales of locally made other countries for the most part in the very near future a $1 note creased
of the same design as the exist- matches, for which the possibility show a decline.
In general the business of the company has developed favour- ably, particularly in view of the general economic depression which Reorganised October 26, 1928, under has made itself felt In other special charter of The National Gov-trades. As far as can be judged ernment as an
from the statistics complied by the company, the world consumption of matches appears to have in- creased in 1930 at practically the
rate ..SHMC
during previous years.
The total sales of the com- pany have been the largest in its history.
INTERNATIONAL EXCHANGE
BANK. Subscribed Capital .$25,000,000.00 Pald-Up Capital -$24,710,200.00 ..$ 3,820,803.82 Reserve Funds
HEAD OFFICE: SHANGHAI,
HONG KONG BRANCH: 4. Queen's Road Central.
:
as
Increased Profits.
as
For the year the company re porte a gross profit of Kr.60,243,538
£3,346,000), (approximately
with Kr 57,240,308 compared
General (£3,180,000).
expenses were Kr.380,689 less at Kr.2,617,616, and the net profit works out at Kr.57,625,922 (£3,201,000), as against Kr.54,242,- 103 (£3,013,000).
SURPLUS OIL.
NEED FOR RESTRICTION OF
OUTPUT.
:
NEW $1 NOTE.
*Additional Safeguard Against
Forgery.
of profit is generally larger than Of the leading companies in ing one but with a band of silk for such matches us are exported, which the corporation holds an in- fibre, about 4ths of an inch wide, During 1930 the company's terest, the Geduld Proprietary running across the centre part of shares were introduced
on the Mines paid a slightly higher divi-the note from top to bottom.
This silk fibre band can be de Stuck Exchanges in Brussels and dend, but the Modderfontein Deep Antwerp,
Levels made a small reduction in tected by the red and blue streaks its payment. East Geduld Mines which appear on the face of the Owing to our numerous branches in
is still in the development stage.nole, particularly at the top and China and large connections in the im-
The corporation received a much bottom edges. The signature and portant commercial contres of the world, we are able to extend to our
smaller return on the holding in date on the note are printed in ellents special facilities for domestic
the San Francisco Mines of Mexi- black instead of in red. It is con- being reduced from 38. 3d. a share sidered that this feature of the and foreign banking and exchanges.
We also handle the issue of Bonds
cu, the dividend of that company note will provide an additional and other Public Funds of the Chin-
In 1929 to 1s, a share. Polyphon-safeguard against forgery. eso Government both at home and abroad.
The first series of the notes is werke A.G. paid a dividend of 20: SHOU J. CHEN,
The dividend is maintained at
per cent. for 1929 on a capital of dated January 1, 1930. Notes of Manager. 15 per cent. on the unchanged
17,060,000 r.m., compared with 20 the existing design will continue Hong Kong, 6th March, 1931.
capital of Kr.270,000,000, while the balance to carry forward is
Speaking at the annual dinner per cent. for 1928 on a capital of in circulation side by side with 12,500,000 r.m. The British Enka the new type, but will be gradual- raised by Kr.10,562,838 to of the Oil Industries Club, held at
Artificial Silk Company suffered a ly withdrawn 23 opportunity It is the intention the May Fair Hotel, W.1, Mr.
heavy loss. THE BANK OF CANTON, LTD. Kr.47,792,726,
The corporation has offers. of the board to pay an interim in- James Kewley, the president of dividend of 5 per cent, in respect the Institute of Petroleum Tech-acquired an interest in the Groot-
ns that nologists, aaid that the club re-viei Proprietary Mines, which has the lease of 2,500 claims of 1931, being the same.
negotiations farm Grootvlei, adjoining the pro presented a catholicity of inter-resently concluded for 1930.
with the Union Government for perty of the East Geduld Mines. eats, as it had members in about 45 different countries of the world and representations in every single
Established 1912
Head Ofce:-Hong Kong,
Authorised Capital (I.E, Cornmay) #11,000,000 Paid-up Caplial................
6,566,600 Rasers Fund
3,100,000
BRANONES 2—— Caxton, Bhanghai, Haskow,
Bao,
Bangkok, New York and Ban Franco
COERESPONDENTS
LONDON BANKERS :-
The Lloyd's Bank, Lduled.
in all principal cities of the Wall.
Foreign exbange and banking business of wary dasariplomiranacted.
Bain Deponia Bazen (variona silami) si a pourly rental of from 4 to 640.
LOOK POONG BHAN,
Chief Manager.
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO.)
HEAD OFFICE:-Taipeh, Formosa
Assets show total Kr.690,685,098 (£38,371,000), as compared with Kr.644,943,519 (£35,830,000) at De- cember, 1929.
Cash is lower at Kr.29,839,513, sa against Kr31,521,.
ollfield.
of out-
how to
Mr. Francis Powell, chairman 924, but debtora have increased to of the Anglo-American On Com-12
the industry, Kr.99,511,815 from Kr.76,775,629 pany, dealing with
said that the world was flocded investments to and foreign Kr.128,806,826 from Kr.124,627,215. with oll, and it was difficult to Shares in subsidiaries stand as be-know what to do with it. At pre- sent great efforts were devoted to fore at Kr.297,582,841.
The reserve fund is unchanged restricting the supply, and they
There have needed a further control at Kr.200,000,000. been
developments of put instead of the present exces various special importance. In Germany sive production which was ruining the agreement entered into with the industry. the Government has become effec- tive from June 1, 1930, at which date the German Match Monopoly Company commenced its activity. Central Bank in Formos Bank-Notas samued average amount Yen, 45,000,000
The first business period of this company BRANCHES AND AGENCIES:
comprised only seven JAPAN :--Tokyo, Jokobama, Kobe, Quaka
months and during this period the FORMOSA £20, Kash Barwaha, Sinng,
Makong, Katie, Skichik, aloha, Ta, sales of matches were greatly re- Takas, Jamani, Toen, Helia, Tillo.
the large stocks OHINA-hahal, Hanko Loy, Fohow, duced owing to
Bwakon, Canton.
existing in the hands of dealers OTHERS-Hong Kong, Blappen, ' Bowrabaya,
Bombay, Semarang, Batavia,
Calente, and of the public at the beginning London, New York, Dairan.
LONDON BANKERR
of the period. In the first months 1931 the sales increased
Incorporated by Special Imperial Charter, 1899.
The Company offers to intending Travellers the use of its "Travelers Cheques" and Letters of Grodit and, The London County Waciminatsy and Parr's Bank of In addition, the world-wide services
The Bank has Carrespondente in all the principal materially and have now reached
of Ita thoroughly equipped, Travel De-Cameralal Castes throughout the world. partment.
Affiliated with
THE CHASE NATIONAL BANK Resources Over G$2,500,000,000
I. NIOURA
Manager.
HONG KONG BRANCH1
**R, De Vaux Bond Gapirni, Hong Kong. 19th Jaanary, 1500
a normal level.
Of
C. H. BENSON. | 039386339309809373||$||25|||||||||||||||Ftlebolaget
Gonoral Manager.
THE BANK OF EAST ASIA, LTD.
Extablished, 1918.
HEAD OFFICE:
10, Des Voeux Road, Central.
TONG TON
Capital and Surplus ................
Total Resources
over H.# 8,000,000,00
Over $30,000,000.00
Every description of Banking and Exchange business
transacted.
Current and Fixed Deposit Accounts in local and eign currencies opened for clients.
Savings Account and Sale Deposit Bozes. Branches, and Agencies ill over the world.
KAN TONG PO,
Chíéï Manager:
COASTWISE
by
"ALGIE" BENNETT.
An interesting book of Cartoons depicting "Happenings on the China Coast
Thres Companies.
A great problem was control world supplies, and if they could do that the industry could again go forward looking towards success and prosperity.
GAMAGES (WEST END) LTD.
Creditors To Confer With
Receiver.
London, May 8.
of the creditors
the
of nominally At a meeting load $125,000,000 contracted for by the of Gamages (West End), Limited, Swedish Match Company and Ak-for which a receiver was appoint- Kreuger and Toll, ad only seven months after it through its subsidiary in Holland, opened a large store in the West: the first payment in respect of End of London, Sir William Kac- nominally $50,000,000 was effected Lintock (the receiver) revealed the abilities totalled on August 30, 1930, and. the that second payment in respect of 4896,000 and assets £184,000 In nominally $75,000,000 will be addition to the bullding and: fx- tures, which had cost £1,085,000.- made on May 29, 1981.
It has been decided that the Sir William MacLintock said International Match Corporation that if the sale of the building £762,000 the creditors will take over $60,000,000 and Ak-realised tiebolaget Krouger and Toll and, would get 20 shillings in the The company had beeri the Swedish Match $37,500,000 pound. each of this loan. This participa-handicapped from the beginning. tion in the loan by all of these by lack of capital. three companies does not repre. had never been sufficient to enable and there sent any deviation from the pro- a profit to be earned gramme of co-operation previously was now a weekly loss in keeping established, and it is now, as be- the store open. The receiver in- fore, the intention that Kreuger tended to submit to Court the apd Toll should be the chief fin-offers he had received for its pur- ancing mediam for Stats loans, chase.
The meeting agreed to appoint The Newspaper Enterprise, Ltd, though the two match companies
China Mail Building
PRICE $1.00.
Now on sale at
BREWERS** WHITHAWAY, LAIDLAW EXCELSIOR BOOK STORE,
and at the Publishers.
Its turnover
will also be free to undertake fin-a small committee to confer with ancial operations of this charac- the receiver and the directors on ter, if that is thought desirable. the disposal of the assets.
WILL BRING TO YOUR HOME OR OFFICE THE MOST UP-TO-DATE INFORMATION CONCERNING HONG KONG AND CANTON HONGS, RESIDENCES, WHO'S WHO, AS WELL AS OTHER USEFUL INFORMATION.
PURCHASE
A
DIRECTORY
From the
Offices of the Publishers,
or at:
3a, Wyndham Street
WHITEAWAY, LAIDLAW & CO, LTD.
EXCELSIOR CO. BREWER & CO. LEE YEE
PEAK TRAM, STATION
STÁR FERRY, BOOKSTALLS
· KELLY SAYCE EUROPE NEWS · CO.
on the