“SATURDAY, JUNE"
1931..
BANK S
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorized Ospital m
$44,600,000
freund and Polly Paid va 20,009,009 Besarra Funda
Chillag..........
Tit.............
££,800, DOG 16,000,00
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1863 }
HEAD OFFICE: LONDON,
FFETCHINA MAT
THE HO HONG BANK, LTD.
(Established 1917.)
HEAD OFFICE:-SINGAPORE. Hong Kong Branch: 13. Queen's Rd. C ..£3.000.000 Authorised Capital Straits $20,000,000 8,000,000 £4,000,000 Issued Capital
1,000,000
Paid-up Capital
Reserve Fund
Reserve Liability
of
Pro-
prietorn
Paid-up Capital ... Liabilities .......£3,000,000 į Reserve
71
of Shareholders. Surplus
ALOR STAR
KUALA LUMPIA
(Malay Ba
agencies and Branchen:
AURIBAR
DANGROK
BATAVIA
CALCUTTA
Barva The Lily of Penpriators 28,000,000
Ion. Mr.
HEAD OFFICE. HONG KONG.
BOARD OF DIRECTORS (
floo. Mr, C. 0. R. Maskia, Chairma
Hon. Mr. J. I. Prierman,
theputy Chairman.
A But, 1. E. Pource, Esq.
4. R. Compton, Esq. 1. A. Puttmat, Erg
B. Lapse Lewis, Fau. T. E. H. Phaw, Esq.
Q. Miskin, RAQ.
J. P., Fo
Chief Manage
V..yburn, Esq.
BRANCHES:--
LONDON
CAWKFORE
CEBU
DAYKEN (Dalny
South Mancaria)
FIAIPHONG
ין.
AVOY
BANGKOK
LYONE
BATAVIA
SEAT,&COA
BOMBAT
MANILA
CALCUTTA
MUAR Jobors)
CANTON
MURDER
CHZFOO
NEW YORK
COLON DO
PEIFING
DAIDEN FOOGIOR
HAIPHONG
KAMBURI
JANKOW
HARBIN
MONOXKW
ILNIA
10
JUFFORK
XODE
KOW LAUN
KALAM K
PENANG
-BANDOOR
HATOOK
HAN FRANCISO
SHANGDAN
SINGAPUBE
ROUBADAYA
BUNOK PATAÑI TIESTRIN
TOKYO
TSINGTAO
YOKOHAMA
Currant Account opened Lonal Cherang en Pized apostle wcalea for one you
korter periods in Local Cartery and Berling ets term which will be quoted on application. Bong Kong, th February, 1991.
HONG KONG SAVINGS BANK,
The Binner at the abong Bank la condent- ed by the HONG KONG AND SHANGHAI BANKING CORPORATION. Rules may be chialed on application.
FOR THE OROKONG AND SHANOBAL BANKING CORPORATION.
9. M. QRAYNURN,
Hong Kong, 18th July, 1980.
Chief Mana?»
BANQUE DE L'INDO-CHINE,
HEAD OFFICE:
96. Boulevard Haussmann, Farin
Subscribed Capital Fra. 72,000,000.00 Paid-Up Capital ... Fr. 68,400.000,00 Reserve Funda
Frs.102,000,000.00
BRANCHES: Bangkok Hong Kong Quinhon Rattambang IIue
Salgon Cantho Mengtze Shanghai Nam Dinh Singapore Numea Thanh Fort-Bayard Papeete Tientsin Peking Tourane Pham Penh Vinh Pondichery Yunnanfu BANKERS:
Canton
Djibouti
Haiphong
Stankow Hanol
IN FRANCE: Comptoir Nations! d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; So. dote Generale.
IN LONDON: The National Previo- c & Union Bank of England, Ltd.; Comptoir Nationa d'Escompte de Pari; Credit Lyonnais,
IN NEW YORK: J. P. Morgan A Co., Prench American Banking Cor- poration; Guaranty Trust Co. of New York.
!
Intereat allowed on Current Ac counts and Fixed Deposits according to arrangements. -
Every description of Banking and Exchange Business transmetod. Safe Deposit Boxes to let.
A. BONNAUD,
CANTUN
COTONDO
DELI
HAMDUBO
KANKOW
HARDIN
Nanodaria)
TONG KONG
11.0
!!!
KTHE
KIANO
KIAR
KUALA KAROHAN
(P.M.8.)
KUCHING
HADZAS
MANILA
MEDAN
NEW YORK
TEKINU
PENAND DANGDON
SAIGON
SEMARABO
BEREMBAN
KELANOMAT
SINGAPORE
BUTLAWAN
BOVBADATA
TAVOY
TAIPING (P.3.8.3
TIENIBIN
TOKYO
TONGKAR (Dhuket)
TRINOJAO
YOROBAMA
ZAMBOANGA
(Philippine Islands)
Foreign Exchange and General! Banking business transacted..
Current Accounts opened and Fiz. ed Deposits received for 1 year of shorter periods at rates which will be quoted on application.
J. STUART,
Acting Manager. Hong Kong, 28th May, 1831.
THE NATIONAL CITY BANK
OF NEW YORK.
HEAD OFFICE: 55, Wall Street, New York.
Capital, Surplus and
Undivided Profita ..U.S.$224,654,298
Branches in:~
ARGENTINE
BELGIUM
BRAZIL.
CHILE
CHINA COLOMBIA
CUBA
DOMINICAN
REPUBLIC
INDIA ITALY JAPAN
LONDON
MEXICO
PANAMA
PERU
PHILIPPINE
ISLANDS
PORTO RICO
STRAITS
CLJGUAY
SETTLEMENTS
VENEZUELA
Commercial and Travellers' Lettors of Credit, Travelters' Cheques, Bills of Exchange and Cabio Transfers bought and sold. Current accounta and Savings Bank accounts opened and Fixed Deposits in local and for- at rates that eign currencies taken may be the Bank,
be ascertained on application to
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 (France), S.A. in Paris and Nice.
F. MED. COURTNEY,
Manager, Hong Kong, 20th February, 1931.
THE
AMERICAN EXPRESS COMPANY,
INC.
Head Ofce: 65. Broadway, New York.
Manager.
Capital Sarplus Reserves
Hong Kong, 1st, May, 1931.
THE YOKOHAMA SPECIE BANK,
LIMITED.
Established 1880. ·
Capital (fully paid-up) Yen 100,000,000 Reserve Fund
Yen 115,000,000
Head Office:-YOKOHAMA,
Branchen and Agencles al: Alexandria
Batavia
Berlin
Bombay
Calcutta
Canton
Changchun
Dairen (Dalny)
Hamburg..
Manila
Nnguanki Nagoya
Newchwang
New York
Osaka
Francisco
Peiping Rangoon Fengtlen (Mukden) Rio de Janeiro
San Seattle Semarang Shanghai Shinonorexi Singapore
Hankow
Harbin
Hour Kong
Honolulu
Soerabaya.
Kaf: Yuen Karachi Коре
Sydney
London
Lo
Angeles
Lyon
Tintain Tokyo Taingtau Interest allowed on Current Ac- counts.
Deposits received for fixed periods at rates to be obtained up application.
HNORI,
Manager.
Hong Kong, 11th April, 1881.
U.S.$6,000.000 .U.S.$1,572,154 .3.5.41,208.200
BRANCHES-
ST
1,000,000
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.
NETHERLANDS TRADING SOCIETY)
BANKERB.
Fatahilahed 31934.
Wong Knop Cows-11, Shinen's Rood Central.
Authoriend. Capita? ....... Guildsen 380,000,000- {$11,500,000.) Paid-Tip Capital panna. Gallders 80,000,000
Moparts Fund. .......... Grailden' 40,018,000
{22,834,663)
Hand On-AMBTERDAM*
• Pastes Head Ofise :-BATAVIA, UMANCHES 1- Bandjarmaia, Bandosag*. Bombay, + Endesitin, Cheridon, Djambur, Dioli Jakarta”, The Hague', Jaddah, Kebe, Beta Radja, Makamını, Medan, Padang
Palonbaby. Pekalongan P Pontianak Basgoon" _Bottarius", Hamarang, Shanghai, El boligs Bingsport, Bourable Boerakarta (Holo), Tegal, TiliajaD NO! Relievdoct
• These fires hava asta deposil baxas do lak. Gundam Boukara Katlanal Provincial Bank Lał. Conerosolsate all over the world Banking hurtowe of story
** dracription transacted,
A. STOKKINK.
Hong Kong 12th Augus, – 1500.
Menager.
THE RANK OF CHINA. 行銀國中
Reorganised October 26, 1928, under
NOTE ISSUES
OFFICIAL MONTHLY
RETURNS.
OVER $156 MILLIONS.
Commerce and Finance
The returns of the average amount of banknotes in circula-
SHARE MARKET.
WEEKLY REPORTS BY BROKERS.
CARROLL BROS.
Hong Kong, June 5.
HONG KONG STOCK EXCHANGE.
Opening Daily Official Quotations 6th June, 1931
STOCK
Banke.
Hong Kong Bank ......5 Chartered Bant
Mercantile Dk., AkB. L c. Z
Buy-Sell Sales Nom
OTN
2::::
Bank of Asia .........$123
Insurances.
Canton Ine.
We have to report a quiet market Union Ins...
籍
China Underwriters...
Shipping.
tion and of specie in reserve in during the week with rather Hong Kong, during the month weaker tone prevailing in the ended May 31, 1931,
cer.aspeculative section. Good invest | Gbian Fire Xes. .......₫ 075 tified by the Managers of the rea- ment stocks have remained steady H. E. Fire Ini,.....1805
with the exception of Banks and pective Banks is as follows:-
Average Speels
Unions which are somewhat easier. Ewo Cattons. have, since our last Amrut In Reserve.
Douglaser ... report, improved and at the mo- H. K, Stoboat... ment remain quite steady with Arm undertone.
lado-Chins (Pref.) ... Banka-Hong Kong Banks have Shell Transports ....
(Dcf.)...630 been done down to $2,000 and fur-
Banks Chartered Bank of India, Australia and
China ......$23,612,731 $ 8,300,000" Hong Kong and
Shanghal
Banking Cor-
8,783,017
อ
$19
**
***
それで
|2006/2007 1|| Dea.
เป
སྨཱ?
Lan dividend and when paid
D1
Ayr, -, 31
... 12k
ƒFinal bonus t
|_ A/c 1950 ex, 17|2➡075.44 ..... } | Mar. Hoo,Flm. 7 hrana cfs Highject to
11/Tax making 2/3 for 1030) Mur. —, 02 Dec.in) al 1930 as a
Deo. #9 for 1937 am sureveneen
190 Doa, ƒ Kin. 13than. #15 for 1925)
15.80
Deo.
Intern $13)
Flat 10 for 10201 Interim 14- BC 1230)
Dos. Non
Deo.
(Pinal #9 bonus #}
Feb 23, 81
And 11t for 1920-May 99,81
Interim & ao 1930)
Dea, 50 And bonus $10
144
420
+
*
M
+4
www
241
28
+
+
40
-**
+
jenja
Lum
ther small lots can be had at this Unlon Waterboats ... (28) poration...183,555,944 112,000,000+ | figure. Bank of East Aela hava Mercantile Bank of In-
improved to a buying rate of la, Ltd....
1,350,000 $126. Total...$160,052,692 $121,050,000
• In addition Sterling Securities are deposited with the Crown Agents valued at £1,828,400. In addition Securities deposit ed with the Crown Agents and Stralis Government valued at £2,982,618.
In addition Securities deposited with the Crown Agents valued at £180,000.
The following statement of the securities lodged with the Crown Agents by the Mercantile Bank of | India, Limited, against their notes in circulation, is published for general information under Section 6 of the Mercantile Bank Note Issue Ordinance, 1911, (Ordinance No. 65 of 1911);-
Security
Amount
Latest market price
Ldens.......Tis.
Mining.
Beogunt..... Insurances-Union after rising Kailan Mining Ad, tf- to $635 Ex Div. at which rate shares Langkats (Single)...Tia. changed hands, have dropped away s'hi Exploration...Ta. to $625 sellers. China Under. 마 writers experienced a sharp rise Raube 88 to $5.90 but are now slightly easier Veazuela Gold Fields $ at $5.20 buyers and sellers at $5.80. Canton Insurances are wanted at $1,485 and Hong Kong Fires at $1,365.
Shipping-This section remains entirely neglected with the ex- ception of Waterboats which have buyers at $28.25, but practically no shares are coming out.
95)
1 making 100 for 19
May 19, 91*
May 29, F1
Mar. 20, 81
-10
1 Pending
Mar. 01, 01
***
Deo. Last dividend for 1014.
Dea. @1.00 for 1920 Nene for 1750..... Mar. 4, 10
(12). er 2/-1 on preferred) June 19, 89
Dee. for 1914 and 1925
Laut Urlifend for 1921
Dod. Final Coupon No.
tres I/TAS &/0 1330
Deo. 1-60 far 1130
Deo. Interlu 13 osulavoarjo (Mar. 81,31
|27/6 | Juso #ln, (% free 1/Tax O'pon 13]
makingo for year 206-20). Doo, 20, 20
4.03 Oct. T. 0.50 for year $1-10-29 May 8, 50
Deo. Name
Pinni T. 03
1. making 'C. 0.00 for 1930... Feb. 0, 31
Har.Third fat. 17. 1
| 1 njo pour 21-5-3}
A
꾸
J
***
Docks, Wharves, Godowns, &c. H., & K. Wharris...$ H, K. a W. Decks... South Ch. Motors....
Chine Providents (ald)$ ... 6.30
17
(DCW) $
Lands, Hotels & Building..
**
***
KAS
Hoogkews..........Tis. Lands, Hotels and Bulidings.-N. Engineerlag... Tle. Hong Kong Hotels were done up to Shanghai Docks ...Tls, $17.50 cash but are now easier at 817.20 buyers. Hong Kong Lands advanced to $34 buyers but now sellers at this rate, Hong Kong Realtys are sellers at $14.60. Humphreys after business at $23 H.K. Lands...... have fallen away to $22,25 sellers Shanghai Lands...Th. for the old shares and $21.75 for Humphreys (old) ...$ in 1533/36.£180,000 102-102% the New.
(new) ...$ Mining. There are buyers of H. K. Reakies...
Chinese Estates $ 90 Paid-Up Capital $24,710,200.00 CHANGES IN COST OF Benguets at $8.50 and sellers
Goldfields at $3. Raubs are quicl with a few small inquiries around $38.
special charter of The National Gove ernment as an
INTERNATIONAL EXCHANGE
BANK.
Subscribed Capital
Reserve Funds
....$25,000,000.00
.$ 8,820,508,82
HEAD OFFICE: SHANGHAI
HONG KONG BRANCH:
I, Queen's RoadCentral.
We also handle the issue of Bonds)
abroad.
Treasury
Bonds pay- able @ 100
LIVING.
Need for Series of Indices.
T
182
➢::;:སྭཱམྦྷ།
PAT
Deo.
for 1930
Mar. 16, 31
*
- Bar. 19,81
...
168 Deo.
Deo. Laat dividend for 1994 THE WHOLE
Deo. (10 cents on old for 130
10
,ཙཽཉྫ:ཨྰཿ བྦོ
1+1
•
+
101) cents on new!
April 8,81
283
Dec.
Pin, T. il riak. T. 16 for 1030 | May 4, 01
M
Mar. 4 Bi
112
Apr.T. 7 for year 4-30
July 80, SD
Dec. T. 0.25 for 105)
are
H. K. & S. Hotels... 16)
17 17
(E.R.)$
(15)
Doo.co centa for 103
Apr. 18, 01
(Mrs.)5
| Yluni 83 making 4 for 1990)
.$.08
Dec.
I andgton new innom
Feb. 10, B1
141..
Deo.
Hiral T, 18 for 1
1 making T. 21, un oldidaros
Mar. 19, 81
***
21.60 Art
Deo.
80 cauta for 1930
Fab 56, 81
14 14.55
Doo. 1 making 60 centar í
(Final 20 cents for 100
Apr. 15, 81
+
Felz,
for year 25-$50
out of 508-
July 11, 80
++
Doc.T.0.7 ler (DK)
Mar. 19,81
(Apr.
Oct.
and
T. 125 for half year
May 17,81
of
:::
Colton Mill..
"Ewo Cotton.......TI. Shanghai Curton...The. Zug Sing? .......Th.
Public Utilities.
"H. E. Troway...... Peak Trams (old) ...
(new) Star Farica *China Light 11. K. Electrica
Macao
Chis
-
13,600
TE
1!1
101
211
[14]
96
Cottona.-Ewo Coltens, after last going to press, firmed up consider- ably and have advanced to Taels 13.66 buyers. Shanghal Cottons Owing to our namerous branches in
have buyers at Tacks 96 whilst The extreme difflculty of provid-Zoong Sings are neglected. China and large connections in the im portant commercial centres of the ing an accurate cost-of-living index
Docks, Wharves and Godowns. world, we are able to extend to our is discussed in the April issue of Kowloon Wharves are firm at $169 clients special facilities for domestle the Westminster Bank Review. At buyers with sellers holding off. and foreign banking and exchanges. first sight it may appear somewhat China Providents changed hands at and other Public Funds of the Chin- remarkable, it is pointed out, that $5.00 for the old shares but have
and while there are at least five Indices now receded to $5.80. New shares sandikan Tigh ess Government both at home
of British wholesale prices. In gen-are $2.75 with but few buyers. I.K. Tels. fully paid $ SHOU J. CHEN,
eral use, there is only a single index Kowloon Docks are neglected. Manager,
pare paid $ Hong Kong, 5th March, 1931.
which takes account of retail prices.
Public Utilities-Hong Kong
Busca....... TIs. The reason is that the difficulty of Trams have remained steady and S'poreTeuctions(Ord.jaj | *** obtaining suitable data isa far have buyers at $21.50 with sellers
{Pref.). greater in the latter case.
25 cents higher. Peak Trams Yaunati Ferries The prices dealt with in a whole have been inquired for at $14.50 Bale index are almost exclusively for the Old and $6.50 for the New those of raw materials or semi-shares.
Star Ferries have advanc-China Sugen .........$ finished goods, the markets for led to $96.50 buyers.
China Lights Malabon Sugar which are highly localised and pub-after rising to $27.50 have now Cald: Macg. Ord....Th. lieh regular records of quotations.dropped to $27.25 sellers.
Hong Canton Ice Further, the range of such com- Kong Electrics were done up. to cancats (com.) Canico, Shanghai, Hasker. #walow,modities le relatively not very wide, $83.50 but buyers
are now only Dangkok, New York and San Fraasia and It is possible for
(old)........ DURRESPONDENTS
a careful offering $83.10. Hong Kong Tele
(DEN)..... $6.80 selection of as few as forty repre- phones have been quiet at $39 H. K. Ropes & |sentative "grades" to be fused into
nominal.
THE BANK OF CANTON, LTD. Established 1912,
Head Oßce-Hong Kong. Authorized Captial (II.K. Ourtesy) $11,900,000 Paid-up Capital
Beau Fund so
BRANCHES
LONDON BANKERS (— /
The Lord's Bank, Jimited.
In all principal cities of the World
8,065,000 1,100,000
data Depoel Doza (variona sized) si a yearly canial of Tromso 140.
LOOK POONG SHAN,
Amitutio Antrep
200
Guyan
"Aibanj
Basis
Bacila
Bil
Bombay Fin
Hamburg Hatze Interlako Jinsi
Kaple Face Faria Loung
Foreign exchange and bealdua bedness of avers descripsion transacted.
Irking Palando
Bosterdam
London
Stoma
Largood
Mambal
Lunde
Brumla Buecos &ina Calis Oslovila
CADD Colombe Constantinople Oopslagen Fioresos
Edis barg
Lido
FORC
Luzar Warillon Monte Carlo
Manila
Munich
Bangal Sculliampton Kingstones B. Moriss
Irelia
Vint.D
Vesice
SCHEIN 1930
Zurich
Manteres Millsa Branches of American Express Company in Principal cities of Unit
ed States of America and Canada,
an index giving sufficiently accurate results for most purposes.
were
"
Ir
Industrials.
Prel....Tia.
www
***
M
ww
LIG
ལྦ།::་zeg;
JUDD T. As for yer 31-8-30 Oct 14 80
Doc.in fent for 19... Fob. 97, 81
making a cente
on pt for year
Apr.cle on now! 30-43)
|Doc #6 For 1932), arose were repres
June 16, 30
Doo.
Sept. Pinal 50 eta. Ajo yr. 33-4-30............
$9.50 for 1030
Fola, 19, 91 Doc. 15, #3 Mar. 18, 81
・100.
это ра
12
Jupe Nuus
53
isel
tad
Sopt.
Deo. Pinni
making 10% 1933 16.60) Deo. T. 6.50 for 1920
jijiź on preference slazenį Babject to income lak...!
Mar. 12, 91 Feb 95, 30
Feb. 5, 81
**
la.70
In Liquidation.
*
130
Doo, P. 6.60 [ 1930
Mar. 4, 1
14
10
Doch für 1930....
Mar. 31,81
July Non
21.70
**
(centa on old) for (930 Mar. 18,51
15 Doo. 10enta an new
22.40 Doo. 75 cents for 1934 MAT. 27, 91
142
***
Deo. $1.50 for 1930
Mar. 18, 91
Oct. 15 cents for year 31-130 Mar. 10, 61
AFE
90
... as
1.85
3.85
Fol Last dividend for year 32-34
18
***
Fob.
Stores, dc. Miscellaneous-Cements |booked at $21.50 but buyers wil Dairy Fanna On the other hand, the products not now pay more than $21 with Won Chief Manager. which emerge when these materials sellers at $21.20. Canton Ices Der A Wings
have passed through the manufac have been inquired
for at $4.30. Lane Crawfords turing processes and reach the Hong Kong Ropes have remained Mackintosha hands of the retall consumer are around $22.25/50 and there are now in THE BANK OF TAIWAN, LTD. legion. They are sold, not in a few sellers at $22.25.
(TAIWAN GINKO.)
Dairy Farms Wm. Powell .40 centralised markets, but in hun after touching $31 can now be had
Miscelaneous. dreds of thousands of retail estab. at $30.50. lishments throughout the country.
Amusements are want-i ed at $20 for the Old shares. Con-H.K. Amusement (old)
(new)$ structions are buyers né $8.95.
UŁAD OFFICE:-Taipeh, Formosa Incorporated by Special Imperial Charter, 1899.
•
Ch. Entertainment ...$
A Formidable Task. If a compiler of a retail price Lane Crawfords are sellers at $8.95 H. K. Construction... $8.87 Index succeeded in overcoming these and are likely to drop further in: d. Ind. G. Bonds...70% All classes of Commercial Banking Bas Dosted Average soul1 Yan, 45,000,000 difficulties and arriving at reason-view of the fact that no dividend H. X. Govt, Loans...$3% Pres
Transactions undertaken.
Personal
handled.
investment
Eccounts
+
Feb. 1 for your 29-8-21 Apr. 20,81
25 contatar your 23. Jode 14, 20
***
Mar. $250 for star 11-14)
17
44
1 – ja, dodat
Dos. w konte for 1930 y
Sept. 21,80
Apr. 97, 01
***
201
External half yearly
Central Back in Formon.
BRASCIIES AND ADENCIES: JAPAN-Tokyo Yakuza, Kobs, Oak
ably representative quotations for a will be paid for the past year. FORMOSA Iran, Engl. Ascunks,
Keung range of finished commodities, he Watsons have been less inquired for: Mekong. Nazio, Bilanhiku, Talaba, Tainan, would still be faced with an even and there are
now sellers, at $16.]*Speculative sharan. “Sulas to Shanghai.| Takao, James, Toon, Halis, Telto. OHINA-nakow, Amoy, Foochow more formidable task. The extent Powells are now wanted at $4.60.
Blow, Cat. The Company offers to intending | 018885:dong Kong. Biegapors, Sorabe, to which different commodities en-China Entertainments have small Travellers' the use of its “Trivelers
London, New York, Del."
Bombay, Calitater into family budgets varies buyers at $17. in addition, the world-wide services The London Domaly Waminster and Farr's Bank enormously between a farm labour- of its thoroughly equipped Travel Do- partment
Cheques and Letters of Credit and,
Affiliated with
THE CHASE NATIONAL BANK Resources .,Over $2,500,000,000
Bemar
Bataria, LONDON BANKERSI
Comal stem throughout the world.
-Exchange.The T.T. rate On The Back has Correspondents in all the principe scale and a millionaire's
er's household at one end of the London is 11d. and on Shanghai
at the 80. other.
Forward, Settlement Days.-June These observations suggest twe 23, July 28 and August 25, 1931.
conclusions supremely Important which apply to all coat-of-living |
1. NAGURA.
Manage.
HONG KONG BRANCH:
De Vaud Blood Central Hong Kong, 1948 January, 1970
C. II. BENSON,
General Manager.
THE MERCANTILE BANK
INDIA, LTD.
OF
THE BANK OF EAST ASIA, LTD.
Established 1918. ·
HEAD OFFICE:
10, Des Voeux Road, Central.
HONG KONG
-Capital and Surplus
Total Resources
ÚEAD OFFICE
14, Oracechurch Street, Lowden, ZO.L
Authorised Capital
Subscribed Capital
Paid-up Capital
.£3,000,000 1,800,000 1,050,000
Reserve Fund and Rest 1,650,845
DANKYES
The Bank of England à Midland Bank, L4.
Berrich
Bukayin
Bomber
Landy
BRANCHES
Ipob
Kareck
Kola Okaru
over H.J 8,000,008.00
Colomb
Kuala Krai
karin over H.$80,000,000,00
Debl Qalle Hoog
-1
Bowish
* Every description of Banking and Exchange business transacted:
Current and Fixed Deposit Accounts in focal and for- elen currencies opened for clients.
Savings Account and Safe Deposit Boxes,
-- Branches and Agencies £11. over, the world.
KAN TONG PO
Chint: Manag
New York
Fanag
indices. First, it is impossible to the possibility of obtaining more construct any single index which comprehensive numerical measure- shall be representative of conditions ments.
EXCHANGES.
TO-DAY'S QUOTATIONS. On London- Bank, wire ... 11% Bank, on demand... 11% Bank, 4 months' sight 11 3/16 Credits,
months'
11.13/16
11 15/16
Bight Documentary, 4
months' sight
On Parls-
On Berlin-
affecting all classes of society. The Without prejudging the results of On demand underlying factors demand the crea- such an inquiry, one or two broad Credits, 4 monthe'.
sight tion of a series of indices, each principles would seem to follow from based on a careful inquiry into the the survey made above. The actual circumstances of a narrowly defined collection of data, under any system, On demand
On New York- social, group. Second, einca social could probably best be left in the conditions on the one hand and the bands of the Ministry of Labour, On demand nature and quality of the goods who have the necessary machinery Credits, 60 days'
sight offered on the other are constantly for obtaining the enormous mass of changing, the component parts of figures required, and who enjoy thei
On Hombay- every Index must be frequently good will of the many public and Wire I revised.
private authorities and officials On demand The conclusion which the Review whose co-operation Is essential.
On Calcutta- Finally, it is practically certain Wire comes to is that the cost-of-living index is in no sanse a satisfactory that no single index number of re- On demand ...... measure of the movement of retail tail prices can be satisfactory for Ou Singapore prices as a whole, and second, that all purposes. A preliminary to fur On demand It is a very dangerous weapon in ther progress must be an exhaustive On Manlia- Trusted and Executorships, ander. current economic controversy. If it investigation into the different On demand.... "token" (la
be vitally necessary under present qualities and quantities of goods in- On Shanghai- INTEREST allowed on Cirani Lionis xal conditions to know how Zetail prises cluded in family, budgets based or On demand Fland Dell as the 207. De maffia[ană | are behaving, it is essential that a incomes of varying amounts. In Dollar
careful inquiry should be initiated the long run, the only reliable guide On Yokoham@---- ****preferably... under official auspices will be not one but a series of retall On demand but with expert outalde, aid into price indices.
overeigns (Banka
buying rate)
Park Losla
(MM) Bangoon Bhangbed Kuala Lumpur Bimi veg Kuantan (Pubang) Biogaporn,
Boursinya
HONG KONG DRAKCH, "
Kvery description of Beakius sad Exchange bod
Traveller Cheques llosed." -
C. L. BANDES,:
Manager)
29th April, 1931.
Silver (per oz.)
12
Bar Sliver in Hong.
Kong
Copper Cash
Nom. Nom.
8% prem.
3%
p.a.
| Capper Centa
Rate of Native In
terest
Chinese Sub. Coin. 24%% die. Hong Kong Sub. Celn Par.
LONDON EXCHANGES
Rugby, Yesterday.
Paris
124.30%
675
New York
4,86. 9/16
615
Brussels Geneva
34.92%
25.09%
Amsterdam
12.09
Nom.
22 0/16
23 11/16
Milan Berlin Stockholm Copenhagen Oslo. Vienna
92.064
20.50%
18.15:
18.16
18.16%
34.62
321⁄2
Prague
164
622
Helsingfors
193
Madrid
50%
62%
Lisbon
110%
62
875
Bucharest
817
40%
Rio
29/16
Buenos Aires
38 15/16
45%
Montevideo
20%
Bombay→
1/53⁄4
1/2
64% dla
21-%
Hong Kong
-11%
45%
11%
121
Silver Forward.... 12/
British Wireless Service.
"Athens
Shanghai
Yokohama
Silver Spot.