BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Kathurland Caplint.
50,000,000
furoad and Tully Paid-up 30,000,000 Resorts Pund
Berling
Ailver.........
£1,500,000 $20,000,DOB
Seserve Ety of Propristora...... $50,000,000 HEAD OFFICE: HONG KONG,
BOARD OF DIRECTORS :-
Flo, Mr. 0, 0, 11. Menkle. Chairman,
Hen. Mr. J. J. Palopon Deputy Chaliman
Won. Mr. R. B, T. E. Paros, eg.
10
4. 1. Ompion. Esq. 3. A. Flummer, Kaq.
B. Incise Tania; Eng, T. 1. 1. 8baw, Esq.
Mikio, Beg.
AMOY
BANGKOK
ISATAVIA
BOMBAT
CALCUTTA
CANTON
CHEFOO
COLOMBO
DAIDEN POOCHIOW "HAIPHONG
HAMBURO
HANKOW
WANDEN
TRONOXEW
LUIZU
2231
101N2
KOBE
KOWLOON
3. P. Wuren, Es.
Ciklet Manager.
2. M. Grazbura, E.
DEANCHES:-
KUALA LUMPUR
LONDON
LYONK
MALACCA
MANILA
MUAR [Johore)
MUKDEK
NEW YORK
PEIPINO
PENANO RANGOON
HAJDUN
HAN FRANCJBO
SHANGHAL
SINGAPORE
SOURABAYA
HUNOEI PATANI
FIENTEIN
TOEXO
TSINGTA
YOKOHAMA
Current Acounte opwoad in one! Carter19 and Find Tipoalte rusivad lot one year o skotter at Care and Hurling ou Lerns which with low quoted on application. Hong Kong, alih February, 195
HONG KONG SAVINGS BANK.
Banism of the above Bank is conduct-
ed by the HONG KONG AND BHANGHAI BANKING CORPORATION.
une sty
b
obtained un application.
FOR THE HONAKOND AND BEANQUAT BANKING COLPORATION.
V. M. GRAYBURN.
Hong Kong, 15th July, 1900.
Chief Manager.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
96, Boulevard Haussmann, Parla.
Subscribed Capital Prs. 72,000,000.00 Paid-Up CapitalFrs. 68,400,000,00 Reserve Funds ....Fr.102,000,000.00,
BRANCHES:
Saigon
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, Incorporated by Royal Charter, 1883.
HEAD OFFICE: LONDON.
Paid-up Capital
Reserve Fund
Resorve Liability of Pro-
prietors
THE CHINA MAIL.
THE HOSHONG BANK, LTD.
(Established 1917.)
HEAD OFFICE-SINGAPORE. Hong Kong Branch: 13, Queen's Rd. C.
Commerce and Finance
£3,000,000 Authorised Capital Straits $20,000,000 WHY A TARIFF WAS BRAZIL'S
£4,000,000 Issued Capital
Paid-up Capital
..£3,000,000
Reservo Labilities
Agencies and Branches:
of Stareholders Surplus
(Malay Static)
KUALA LUMPUB KUCHING
AMBITRAS
MABRAH
MANILA
ALOR STA
BANGKOK
HATAVIA
DOMBAY
CANTON
CALOUITA
CAWNFORE
CKBU
MEDAN
NEW YORK
PERING
FRANOOUN
PKNAND
COLOMBO
DAIRER (aisy
KAIGUN
Youth
andhuria)
HEKARANG
DELMI
БИЛЕМНАН
HAIPHONG
KJAMINAT
HAMBURG
SINGAPORE
HANKOW
SITIAWAN
HARDIN
(M. Mancherial
FRẰNG KONGO
HANLO
KARACHI
KLAND
KONE
KUALA KANGSAR
(Perak P.M.9,3
Foreign Exchang
ROUBABAY A
TALING (P.M.D.)
TAVOY
TIESTLIN
TORTO
TUNGRAH (Bb)
THINGTAO
YOKOHAMA
ZANBANCIA
Philippina Islands)
and General Ranking business transacted.
Current Accounts opened and Fix. ed Deposits received for 1 year or shorter perioda at rates which will be quoted on application.
J. STUART,
Acting Manager. Hong Kong. 28th May. 1931.
THE NATIONAL CITY BANK
OF NEW YORK.
HEAD OFFICE: 55, Wall Street, New York,
Capital, Surplus and
Undivided Profits ..U.S.$224,554,208
Branches in:-
ARGENTINE LONDON
BELGIUM·
BRAZIL
CHILE
CHINA
COLOMBIA
CUBA
DOMINIC
INDIA
ITALY JAPAN
MEXICO
PANAMA
PERU
PHILIPPINE
ISLANDS
PORTO RICO STRAITS
SETTLEMENTS URUGUAY VENEZUELA
Commercial and Travellers' Letters
of Credit, Travellers' Cheques, Billa of Exchange and Cable Transfer: Bangkok Hong Kong Quinhen
bought and sold. Current accounts Battambang Huc
and Contho Mengtze Shanghai
Savings Bank accounts opened and Fixed Deposits in local and for Canton Nam-Dinh Singapore Djibouti
currencies taken at rates that Thanh2
eign Tientain Fort-Bayard Papeete
may be ascertained on application to Haiphong
Peking
the Bank, Tourane Kankow Phom-Penh Vịnh Hanoi
Pondichery Yunnanfu BANKERS:
Numea
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais: Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; So 44 Generale.
IN LONDON: The National Provin- cia & Union Bank of England, Ltd.; Comptoir National d'Escompte de Paris; Credit Lyonnais.
IN NEW YORK: J. P. Morgan & Co., French American Banking Cor poration; Guaranty Trust Co. of New York.
Interest allowed on Current counts and Fixed Deposits according to arrangonents.
Every description of Banking and Exchange Business transacted.
A. BONNAUD,
We are also able to offer our Cu 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 (France), S., in Faris and Nico.
F. McD. COURTNEY,
Manager, Hong Kong, 20th February, 1931.
воение
THE AMERICAN EXPRESS COMPANY, INC.
Ac.
Head Office: 65, Broadway, New York.
Safe Deposit Boxes to let
Manager.
Hong Kong, 1st May, 1931.
Capital Surplus Reserves
.U.S.$8,000.000 .U.S.$1,572,454 ..0.9.$1,908,200
Amsterdam Autwerp Albans Healy Barlin
BRANCHES
G Glasgow Harana
Ho Haplos Pir Paris
THE YOKOHAMA SPECIE BANK,
LIMITED.
Established 1830.
Capital (fully paid-up) Yen 100,000,000 Reserve Fund........Yen 115,000,000
Head Office:—YOKOHAMA,
Branches and Agenclos at:
Manila Naganaki Nagoya
Alexandria
Batavia
Berlin
Bombay
Calcutta
Canton
Newchwang New York
Felping Dairen (Dalny) Kangoon Fengtien (Mukden). Itio de Janeiro
Changchun
Hamburg
Hankow
Harbin
Hong Kong
Honolulu
San Francisco Sortile Semarang Shanghai Shimonosoki Yuca
Singapore Karachi
Sacrabaya Kube
Sydney London
Tientsin Los Angeles
Tokyo Lyous
Tsingtau Interest allowed on "Current Ac counts.
Deposits received for fixed periods at rates to be obtained in application.
H. MORI,
Manager.
Hong Kong, 11th April, 1931.
Bembey Brethen
llabutyl HAIR Interlaken Jerusalem Lido London
Liverpool Locar Lugano Lazor Marsailles
Brussla Buenos Aire Cairo Calculia Cappe Colombo Gostenloop Monte Carlo
الحمل
Munich Montreux Muan of
[Mons
D'alemo Botterdam Rota Stambouil Shanghai Southampton Singapore St. Morit tintala Vizua
Vention
Yokohama Zurich
Copenhagen Edinburgh Florence
Branches American Expresi Company in Principal cities of Unit ed States of America and Canada.
All clanson of Commercial Banking Transactions undertaken.
Personal Investment handlod.
accounti
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 De partment
Affiliated with
THE CHASE NATIONAL` BANK Resources ..Over $2,500,000,000
C. H. BENSON,
General Manager.
THE BANK OF EAST ASIA, LTD.
Fatablished 1918.
HEAD OFFICE:
10, Des Voeux Road, Central. TONG KONG
Capital and Surplus
Total Resources
Over H.$ 8,000,000.00
over EL-$30,000,000.00
Every description of Barking and Exchange basiness transacted.
Current and Fixed Deposit. Accounts' in local and for.
eign currencies opened for clients.
Bavings Account and Bate Depoalt Boxes, Branches and Agencies all over the world.
KANTONG: PO,
Chief Manage
8,000,000 4,000,000
4,000,000 2,526,000
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.
(N2102BLANDS TRADING BOCIETY)
DANKERS.
Established 1934.
Bang Hong Othell, Q's Road Osonal,
Authorised Capital duilders 180,000,00G-
Pald-Up Depital *****........Quiidaes 10,000,00
(25,858,130) Essere Fund
(219,600,000.)
... Quilders 10.010.000
Head Off-AMSTERDAM Esters and Omica:-BATAVIA. BRANCHES - Bandjarmasin, Bandung", Barnbay.
Calul, Cheribon, Diber, Dick Exte.Badia, Makiaz, Madan, Fedang
Jakarta", The Hague", Jeddah), Kõbu,
Palembang, Patong, PORAGE Pontianak Ллороод, Hamarang", Bingtal, Albolgi
Blagspore, Boutaba
Weltevredes".
REFUSED.
NATURAL
RESOURCES.
| Mr. Graham on Iron and Recuperative Power of
Steel.
Why a tariff was refused to the iron and steel industry was explain ed recently by Mr. William Graham, President of the Board of Trade, when speaking at Scunthorpe, Lin- colnshire.
Within recent years, he said, the Industry had pleaded for a tariff as virtually the only method to meet the changed conditions of world competition. That subject was fully investigated by a civil re sech committee, under the late Conservative Government, of which committee many Cabinet Ministers were then members. They found that the application of a tariff to
Boto), Tegal, Tillaju imported iron and steel would raist such a comprehensive problem as to amount to a substantial change in the whole fiscal policy of the country.
• These chicas base and dapoelt bares its lat. London_Bankers National Provincial Bank Ltd. Correspondante all over the world Banking durinia of vary discription transacted.
A. STOXKINK,
Hong Kong. (8th August, 1940.
MADSger.
THE BANK OF CHINA. 行銀國排
Reorganised October 26, 1928, under special charter of The National Gov-
ernment as an
They considered that they had not a mandate for such a change; and accordingly the iron and steel in dustry was refused a tariff. It was now clear that one section of the industry was asking for what was virtually prohibition of the two to three million tons of imports per annum. A larger section request- INTERNATIONAL EXCHANGE ed a heavy import duty, and few re- presentatives of the industry had ....$25,000,000.00 any use for a mere revenue tariff.
$24,710,200.00 The *slightest investigation $ 3,820,503.82 proved that such a change could not be effected without raising again the whole tariff issue as ap- plied to the general range of Bri tiel industry nnd commerce.
The shipbuilding industries, whose position was also depressed, would undoubtedly be adversely affected.
BANK. Subscribed Capital Paid-Up Capital- Reserve Funds
HEAD OFFICE: SHANGHAL
HONG KONG BRANCH: 4, Queen's Road Central.
China and large connections in the im- Owing to our numerous branches in portant commercial centres of the Higher Price Wanted. world, we are able to extend to our clients special facilities for domestic The whole object of the tariff and foreign banking and exchanges. was to secure a higher price for We also handle the issue of Bonds British steel. He agreed that there and other Public Funds of the Chin-was grave danger in the present ese Government both at home and abroad.
world depression in commodity SHOU J. CHEN, prices; but a true remedy did not Manager. lie in further restriction of over- Hong Kong, 5th March, 1931.
THE BANK OF CANTON, LTD. Established 1912.
Head Office-Hong Kong. Authorised Capital (H.E. Corrency} $11,000,000 Paid-up Capital
8,065,000 Romet Fund
1,200,000
BRANCHES1-
waton,
Danlon, Ekszyba, Kakow, Bengkok, New York and ban Prasolso
CORRESPONDENTS
LONDON BANKERS:-
The Lloyd's Bank, Lizaliad
in ali principal allies of the World. Forsign szobangs and banking business of every description imassciel.
Rala Depo Boxes (various elzas) si a yearly rental of Irom $5 to Bid,
LOOK POONG SHAN,
seas commerce.
|
the Country.
Brazilian affairs have been much in the public eye of late, so that the "Report on Economic Condi- tions in Brazil" during 1930 by Mr. J. Garnett Lomax, Second Commercial Secretary, H.M. Epi- bassy, Rio de Janeiro, now lasued by the Department of Overseas Trade, comes at a peculiarly ap propriate time.
The fall in coffee prices which began in 1929 continued through out 1930, and though a complete by the suc collapse was averied cessful flotation of a loan to the Coffee Defence Institute by a Bri- tish group of bankers in April, the terms of the loan involving the liquidation of vast stocks, seem to preclude the possibility of a sub- the present and the coming season. stantial price recovery for at least
The full effect of low coffee prices will be understood when it of the prosperity of Brazil is de is remembered that three-quarters pendent directly porta, Tinies.
upon coffee ex- comments the Financial
The New Government.
The Insistence in the new Gov- ernment's programme
upen the necessity of encouraging the de
sources of velopment of primary wealth, and the significant refer-
the undesirable conse eace to quences of creating artificial in- dustries, indicate that it recognises that the country's future prosper- ity, not less than immediate re.
present depres- covery from the alon, must be based upon the de- velopment of natural resources. and particularly upon an increas ed production of a diversified range of agricultural products.
If the economic ideals enumer ated in the doclaration of policy from the present difficultles are followed up, a rapid emergenco undoubtedly result, for the past will
has shown the recuperative capa- city, of the country.
The accomplishment of this pro- The report of the Economie Ad-gramme, furthermore, would re- move many of the difficulties in- visory Council on fron and steel was confidential, but in parliament. volved in the import trade with ary discussions it had been indicat-this market. The overseas observ
er, therefore, whether looking to ed that the object was to secure n
Brazil for raw materials or for draatic reorganisation of the indus-markets, has reason to anticipato try by amalgamating a number of the existing concerns and by attain. ing also a certain geographical re- 1930, as compared with the cor- distribution of the output.
'na era of stability and prosperity. For the first nine months of
It was also known that authori-responding period in the previous year, Brazilian exports decreased ties within the industry were gen in value approximately $18 mil- erally in favour of a plan of region- lien sterling (from £72.1 to £54.6 al reorganisation. They believed
million), in spite of an increase in that the output should be concen tonnage of exports amounting to trated in four units-in South
about 15 per cent. Wales, on the north-east coast, in the Midlands (including Cumber- land), and in Scotland. Further, the highest financial authorities THE BANK OF TAIWAN, LTD. urged that if a tariff were given there would be grave danger of no progress in reorganisation.
Chlef Manager.
(TAIWAN GINKO.)
HEAD OFFICE:-Talpeb, Formusa.
Incorporated by Special Imperial Charter, 1899.
Fear of Retaliation, In this industry, us in others, there were still substantial minori : ties who did not appreciate
Otel Bank La Fort Bank Note aurd Average amours ...Yan. 45,000,000 BRANCHES AND AGENCIES)
the need for any change at all. JAPAN :-Tokyo, Yokobaraa, Kobe, Oak
Meanwhile, on the financial side, it FORMOSA 14člo
Kolong, Kazi,... Karenko, Hakour, Santo, 82luckihu, Taichn, Talman, was urged that until there could Takso, Tamaul, Tosa, Halo, Talte CHINA 1-Bhanghai, Hashow, amay, Frockow,
be some guarantee of a larger pro bwatow, Canton, OTHERS-Hoog
portion of the British market for Bia papore, Boncabara Fema-218 Batavia, Bombay,
Calcutta, iron and steel the necessary capital London, Haw Tork, Dalen
would not be provided. LONDON BANKERS,
The London County Waximinater and Parr's Bank.
+
Export Figures.
Substantial increases occurred in the volume of the following ex- ports:-Lard, meat, wool, cotton, rice, sugar, cacon, coffee, bran, frults, tobacco, tea (mate), maize, vegetable oil, Excopt for coffee. the value of these items also rose. I minerals the volume fell con- siderably with a slight increase in the value. In other words, the
net fall in value of exports was due entirely to the low level of coffee prices.
It is clear, therefore, that in terms of production considerable progress is being made, and parti-
"I believe that it is futile to relycularly in those items which will
Comarcal Centre throughout the world.
The Bank bas Correspondents in all the principal on the tariff, because, even if the eventually compensate for the loss
X. XAGERA
HONG KONG BRANCH,
1, Des Vous Brad Central Hong Kong, 19th January, 1019
Manager.
tho
Conservatives came into office, they of national wealth from coffee would be able to deliver nothing production.
While the majority of British like the amount of protection. that the iron and steel Industry de-firms Interested in Brazilian trade mands," Mr. Graham said. "More are concerned primarily in over, such a atep in the existing country's markets, the key to the conditions would expose Great Brl-whole question of the economic tain to retaliation by a considerable position of the Republic is to be number of European and other found in a careful consideration fed to the loss of many of the bente-secret of the financial and ex- countries, and It will undoubtedly of the exports; there also lies the fts which wo now enjoy under change problems. most-favoured-nation treatment in It is, indeed, not too much to say our commercial treaties.
that the future of the country de- "It'is, always easy to make a case pends upon the progress in pro for protection in an individual in-duction. The prime Leccosity la dustry. What the country has to that the exports bè increased, and Feet,consider in the effect on its over to this end the fiscal and Eocial
HONG KONG HEIGHTS
For the information of visitors the following list of some of the highest points on the Island and Mainland is published:
Victoria Peak
Signal Station
Mt. Parker
Island.
Mountain Lodge The Eyrie
Peak Hotel. Taikoo Sanatorium Mt.' Davis'
Bowen Read (Alterbeds)
Mainland.
Timoshan Kowloon Fesk
seas commerce as a whole. "That policy of the Republic will be 1823
is the rock on which Conservative wisely, directed. 174effort in this matter would undoubt- In general, the report states, ·1:- 1784 edly split. Hence the importance seems apparent that British indus- 1725
of pressing on with the regional retry is prone to overlook the possi- 1725 organisation, of endeavouring toblities of this market. Compared 1805 cure as much use as possible of with other countries, even South 1000 British steel, in public and other American markets, modern Brazil| 877 contracts, and of pursuing efforts ar a market for imports is, in a 297 to ascertain how far agreement can remarkably undeveloped state; be reached with continental steel once a period of real expansion Fest producers as regards prices level takes place there will be hardly 8124 and uniformity in about regula- any limit to the demand for im- 1971. tions"
porta
THURSDAY, JUNE 4, 1931.
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, Kowloon. Finest Situation on the Peninsula. Largo Aley Rooms with Fall Beneft of the Cool Sea Breezes. Unequalled Cuisine.
Phone Tel. 56734.
Proprietress:-Mrs. Gardiner.
MARBLE HALL
Cable Add. "Harview."
21, Nathan Rd., 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.
The birthday of His Majesty King George V was observed in the Colony with all the usual ceremony, H.E. the Governor reviewing the Forces stationed here. The spectacle was one of unusual brilliance, and is graphically described in the OVERLAND CHINA MAIL.
*
#
The OVERLAND CHINA MAIL also records the grant of honours on the occasion of the King's Birthday, to local residents. One gentleman `was made Officer of the Order of the British Empire (Military Division), another a Member of the same Order, and Certificates of Honour were awarded to two Chinese residents.
*
A spectacular fire, which at one time assumed an extremely grave aspect, occurred during the week in a con- gested district in Wanchai. Only smart work by the Fire Brigade prevented very serious less of life The affair is exclusively reported in the OVERLAND CHINA MAIL.
*
In the Full Court of Appeal an unusual case was heard, in which the actions of a fraudulent agent played a pro- minent part. Prolonged legal argument as to the rights of estoppel, and the meaning of "holding out" ensued, whilst interesting sidelights were thrown on methods of dealing amongst Chinese piece goods merchants in Hong Kong. The case is fully reported in the OVERLAND CHINA MAIL.
*
*
"Senseless competition" in the marine insurance fleld was deplored at the annual meeting of the Union Insurance Society of Canton,. The hope was expressed that British underwriters would get together, and unite in maintaining a level of rates. The Society had experienced a good year. in view of the difficult times. A complete report of the meeting appears in the OVERLAND CHINA MAIL.
There is no phase of the life of the Colony or of China that does not receive attention in the OVERLAND CHINA MAIL the weekly paper that YOU MUST ORDER NOW.
Letters to relatives and friends in tia, and Canada lestify to the keen cther parts of the world frequently pleasure and interest its weekly jail to be written even by the most arrival brings.
ardent correspondents. It to For your folks at Home to Te kindly thought, therefore, to ensure caive this weekly budget, or to keep that those 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-land China Mali" means of a subscription to the "Overland Okina Mail"
The word "Overland** is a re- minder of the experience 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 en your part, and at the cost only Colony, to be at OVERLAND of $4.75 for three months, the because there was na Suez Canal, "Overland China Mail" will be and that was the quickest route sent Home for you every week, by which to get mall Home. In catching the mail regularly. It the march of time the Overland contains the newe and special
features from the daily "China China Mall has become the meat popular weekly newe budget, as it "Mai" that make a studied appeal has been compiled just to muit
people
with any interest present-day requirements, as it has whatsoever in Hong Kong, and done all along. What more could many letters from Home, Austra-| be desired !
READY TO - MORROW
.Mail via Suez closes at 10.30 a.m., June 6.
and via Siberia ai 830 a.m., June 9.
SINGLE COPY
25 Cent.
(Bold on the streets and at the bookstalls or you can send your subscription to the slice--ILK. $13 par axxim, or
#19 Including postage abracd. Half-yearly
or quarterly periods pro rata.] ?
No. 1A, WYNDHAK STREET-PHONE 1922.
"THE OVERLAND CHINA MAIL”