BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION,
Aulkorised Capital . 80.000,100 Tasood and Wally Puld-up gouni (30,000,000 Baterie Punde
£ 8,800,000
Stocking
****** $70,000,000
Sverre Liwicky at Piopriators #6,150,000 HEAD OFFICE: NONG KONG.
BOARD OF DIRECTOBE~-
Hoa. Mr. C. G. d. Macho, Chairman.
Bon. Mr. J. J. Paterson,
Deputy Chairma
Fon. Mr. . H. Bell, T. H. Pénzon, · Esq.
A. H. Complen. Eng. J. A. Plummer, Esq.
R. Landw Lawía, Rag. T. II. B. Akam, Zış.
01. Makin, Esq.
AMOY
BAVOKOL
BATAVIA
BOHDAT
CALCUTTA
CANTON
CHSPOO
COLOMBO
DAIBEN
J. P. Warren, Esq.
Chief Manage.
V. X. Greyburn, 4.
BRANCHES:-
LONDON
LYONB
MALACCA
MANILA
KUAN (Ichoral
MUEDEN
HEW JOBK
PRIPING
PENANG
RANGOON SAIGON
SAN FRANO130,
SHANOMIAL
FOODHOW
HAIPHONG
HAMBURG
ILANKOW
HARBIN
SINGAPORE
HUNGXEW
RQURABAYA
ILOILO
IPOU
BUNURI PATANI TIENTSIN
JOHONZ
TOEYA
LODE
KOWLOON
KUALA LUMPUR
TAINOTAO
YOHODAMA
Current Atropate opened in Local Burrito Fixed Deposite received for one you! shorter periods in Local Currency and Berling ex terms whisk will, be quoted on application. Keng Kong. February, 1981.
HONG KONG SAVINGS BANK.
The Business of the shore Bank le condsat by the HONG KONG AND SHANOMAI Rules may be BANKING CORPORATION.
bined on application.
FOR THE HONGKONG AND SHANGHAI BIKING CORPORATION.
Y. M. GRAYBURN,
Hong Kong 16ib July, 1080,
Chiel Manager.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
96, Boulevard Haussmann, Parla.
Subscribed Capital Frs: 72,000,000,00 Paid-Up Capital...Frs. 63,400,000.00 .:.:Frs.102,000,000.00 Reserve Funds
Conthe
Canton
Djibouti
Fort-Bayard Papeete
·DRANCHES: Bangkok Hong Kong Quinhon
Saigon Battambang ac
Mengtze Shanghai Nam Dinh Singapore Numen
Tientsin Peking Tourano Hankow Pnom-Penh Vinh
Pondichery Yunnanfa BANKERS:
Haiphong
Kanci
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Faris et des Pays-Bas; Credit Industriel et Commercial; So- ciete Generale.
IN LONDON: The Nations, Provin cia & Union Bank of England, Ltd.: Comptoir National d'Escompte do Paris; Credit Lyonnaie.
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
•Exchange Business transacted, Safe Deposit Boxes to let
A. BONNAUD,
THE YOKOHAMA SPECIE BANK,
LIMITED.
THE CHARTERED BANK OF
INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1855.
HEAD OFFICE: LONDON. Paid-up Capital
THE CHINA MAIL.
THE HO HONG BANK, LTD.
(Established 1917.)
HEAD OFFICE:-SINGAPORE. Hong Kong Branch: 15, Qucan's Rd. C.
·Surplus .........*****
8,000,000
Commerce and Finance
#1
MONDAY, JUNE 15, 1931.
next to the chairman of Lloyds, a happy hunting ground for the Bank.
amateur. It is a highly specialia ed profession, it is an art ́in which caution and experience and knowledge of affairs is better than a fine imagination and an, impul- alve generosity. (Hear, hear.)
Bank's Wonderful Buildings "But perhaps the most romark able change that has taken place In your profession-certainly the change which strikes the eye-is the wonderful buildings that you Nowadays finance is a science.--It have put up in offices to house Is no longer a domestic matter. (Laughter.) BANKERS MEET.
It makes us ay yourselves and your staffs.
It is a matter which is inter- pathise with that oppressed and "Most of us admire the great national in its reactione and re- hard-working individual, the „agri-temple of finance which the Bank percussions. It is not a subject 4,000,000 LORD'SANKEY ON THE PRESENT cultural labourer.
of England is at the moment oract for ill-advised or ignorant experi Ing. If you will allow me to gay
(Hear, hear.) so, I think it was the Big Five
COLONY'S TRADE. which set the example to the Bank of England. Throughout London'
REPORTS BY LOCAL and throughout the provinces 1 see your wonderful palaces with
"IMPORTERS. stone facades and teak furniture; and I cannot help alightly pervert-
4,000,000 2,526,000
Branches, Agencies and Correspon. dents in the principal cities of the world.
Reserve Fund
£3,000,000
£4,000,000
Reserve Liability of Pro-.
prietors.
Paid-up Capital
Authorised Capital Straits $29,000,000 fasted Capital,...
£8,000,000
Reservs Liabilities
of Shareholders.
Agencies and Branchen:
ALOR'STAR
KUALA LUMPU
(Malay State)
XUOLING
AMRITVAD
-DANGEON
MADHAS.
BATAVIA
MANILA
NUMBAY
MEDAN
NEW YORK
PERING
PENANO
BANGOON
BAKON
SEMAHANO
JALGUITA
CANTON CAWNFORE CEBU
COLOMBO
DAIREN (Dalny
Bouth Manaksiria)
DELHI
HAIPHONO
BEREMBAN
JIANGHAI
SAMBUNG -
SINGAPORE
BANKOW
SITIAWAN
RARDIN
SQUBADAYA
IN. Manoharis?
· TAIPING (P.M.8.)
HỒNG KONG
TAYOY
ILOILO
TIENIBIN
(Bhuket)
THS NOT AG
УОКОПАМА
ZAMEJANGA
IPOU
KADAONI
KLANO
KODE
KUALA KANGSAR
-{Perah P.M.9.)
TOKYO
TONOBAD
Foreign Exchange
(Philippine felands
and
Banking bustness transacted.
Genera!
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, 1931.
THE NATIONAL CITY BANK
OF NEW YORK.
HEAD OFFICE: 65, Wall Street, New York.
Capital, Surplus and
Undivided Profts..U.S.$224,554,298
Branches in:-
ARGENTINE
BELGIUM
BRAZIL
CHILE
CHINA COLOMBIA
LONDON
MEXICO
PANAMA
PERU
PHILIPPINE
ISLANDS
QUBA
PORTO. RICO
DOMINICAN
STRAITS
REPUBLIC
INDIA
ITALY JAPAN
SETTLEMENTS URUGUAY
VENEZUELA
Commercial and Travellers' Letters of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfers bought and Bold. Gurrent accounts "and Savings Bank accounts opened
and Fixed Deposits in local and for- | eign curreneles taken at rates that may be ascertained on application to the Bank.
Every description of Banking and
Exchange business transacted.
TAN ENG HOOL,
Manager.
NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING SOCIETY)
BANKERS.
SITUATION.
The House of Lords. "Well, we also, sir, have suffer- Oc. ed another golfing difficulty."
Mr. Beaumont Pease, presiding at the dinner of the Bankers' As casionally within the last 12 sociation in London, at which the months the House of Lords has I don't like Lord Chancellor was the principal laid us a stymle.
(Laughter.) I should guest, called upon the Government atymics. to face squarely the highly critical like to see them abolished-I mang position of finance and commerce. stymiea-not the House of Lords I sometimes Bankers would do all in their (Loud laughter.) power to make effective the recom- think that I should like to take my mendations
of the Macmillian niblick to the House of Lords...! Committee if by so doing they I call it faith-It removes could hasten trade improvement. mountains. But as a distinguish- "Unemployment is stated to be ed Liberal politician said some the fault of the Government, al years ago, The House of Lords
deal of Bone Long Dios-1, Qusen's Bond Central though no Government, in my wants
opinion, has it in its power to (Laughtor.)
"On the last occasion of your Authorized Capital
cure this evil, whatever its power may be to increase It," said Mr. dinner you had the Chancellor of your guest, and Serve Ford Quilder: 40,016,000 J. Beaumont Pease, president of the Exchequer as
(43,334,589)
to tell your money the Bankers' Association, in pro ho was ablé posing the toast of His Majesty's secrets of which I know nothing BRANCHES – Bandjarmasin, Bentong, Boy, Government. The name of Lord and which are Greek to me.
Calcutta, Charibon, Plamber, Djok skarte The Hague, Jadi Robe, Sankey, who was the principal think you will expect me to tall Kote-Badin, Makassar, Medan, Pada guest, was coupled with the toast. Fou something about the immed
"We are all looking for light ate future, although I feel some on these highly difficult pro- hesitation in revealing Cabinet blems," the chairman continu.secrets.
Cald-Up Capital
Established' 1815,
Quilder 154,000,000- (212,800,000.]
Fabdars 86,400,0
(20,009,173)
Road Oos-AMSTERDAMTM Eselera Dead Office:-BATAVIA.
Bokerdem",
Bibolg
Palembang, Pekalongan, PozadĖ, Pontianak, Bag ROOD Barang (Gumaira) Sluga pere Bourse Soseskarta (Solo), Togai, Tilingus REČ Watzerndea“,
* The office bara sala depodi boxen 'to`lak, London Banks-National Provincial Bank Lid Correspondents all over the world Banking business el vrucy Amoripiloa transacted
A. STOKKINI,
Hong Kong, 18th August, 1900.
Hanger
THE BANK OF CHINA.
行銀
Reorganised October 26, 1928, under special charter of The National Goy INTERNATIONAL EXCHANGE
ernment as an
shifting.'
But
ed, "from the report of the Mac "There is another V-shaped de- millan Committee, soon I hope, pression approaching from the Stock Exchange. Weather will be to, be issued.
with considerable bright
"If it can be shown that thera dull but is anything which bankers can periods. legitimately do to hasten an im issued. provement in trade. I feel con dent that this assembly will will ingly apply itself to the task.
one
Further outlook: Nono (Laughter and applause.)
Age of Unrest. "We live in an age of great social unrest, great economic diff Bonds of Sympathy.
culty, and great political instability. "There are many bonds of sym we are, in fact, passing through (pathy between banks and Govern
of those monentous changes ments. Both are blamed for
from era to ern, the meaning and everything that goes wrong, and direction of which is still hidden in these days there are not many from us. Our thoughts, our busi things that go right. Bad trade is said to be the result of unsoundness habits. and our way of life are all under-going revision. I monetary policy and credit res ...$25,000,000.00 triction on the part of bankers, sometimes wonder whether your 824,710,200.00 oblivious of the fact that the or profession of the law has experi-
enced most change."" -$ 8,920,603.82) dinary banker has nothing to do with monetary policy, and, further, that when these charges are made book on Lombard Street, in which jà very pleasing. picture was drawn his loans are frequently found to of the London banker, who, it was
BANK.
Subscribed Capital
Paid Up Capital Reserve Funds
HEAD OFFICE: SHANGHAI,
HONG KONG BRANCH:
4, Queen's Road Central.
Lord Sankey recalled Ragebot's
be much higher than in the past." said. "had the most intellectual
Both bankers and Government, society in the world."
Mr. Pease sald, were accused of They were told
We are also able to offer our Cas- Owing to our numerous branches in tomers the services of the Branches China and large connections, in the im-extravagance.
"When I look round this a8- sembly I don't think there has been any change in that res- pect," said Lord Sankey. "But he also goes on to say that the banker has much spare time
j
ing a famous song and saying '1
dreamt that I banked in marble halls."
ment,
HOME PRICES EASIER.
The following reports have been supplied to the Hong Kong General Chamber of Commerce by Import-
ers:
"You see the whole trade of the country," Lord Sankey added. "you know its needs.
You can
Cotton Piece Goods & Fancy Goods. Business is reported in Black help us--you do help us. You can advise. us-you do advise me, and sometimes very pertinently in the Poplijs Black Cotton Venetians, annual statements of your respec- Black Cotton Coatings, etc., for tive chairman, and we are none August-September .shipment. There the less grateful: But what into are also enquiries in the market
Where are be your Que Vadis?
for White Mattings although little you tending? I cannot help re-or nothing appears to have been marking that the banking business booked in this style. Manchester of this country seems to be get prices are considerably easier. ting more and more concentrated" into a few hands. I remember an old rhyme which ran, something Six big bankera anxious to gur-
vive.
liko this:
..
Two became amalgamated-then
there were five. “ "Perhaps I had better not go any farther and perhaps you had better not go any farther. (Loud laughter.)
some-
"Work."--Best Word for the Country "We live in an age of long words--amalgamation, rationalisa- tion, socialisation, and I times venture to think that the gentlemen who are fond of those long words are a little apt to make dogmatic statements in obscure I prefer a very much language. shorter word, a very good old Eng- lish word, a word which I think; you will agree with me is the best word for the country at present.
as
The latest Cotton quotations to
follawa-Middling American hand are those of the 12th instant
Spot 4.76d., F. G. F. Egyptian Sakel. 7.55d..
Woollens.
ro-
Further business has been ported in plece goods but mainly increased quantities on standard lines booked in bulk some weeks | ago.
In the main the bookings are comparatively small. Both Brad- ford and Continental prices for piece goods and yarns slow a slightly easier tendency,
Metals. Home and Continental Prices down; also,local market.
Canadian 30,000 bags.
Flour,
Stock: American 400,000 baga, 80,000 bags, Australian Market: Very weak.
UNCLAIMED TELEGRAMS.
The following unclaimed tele- It is not amalgamation. It is gram is lying at the office of not rationalisation, and it is not the Great Northern Telegraph socialisation-it is Work. (Ap- ¦ Compány (Limited) of Den- plauso.) Plenty of work and mark:- the heart to do it. (Hear, Honabcotco, from Shanghai. hear.)
We all of us are sorry for those men who are tramping about the streets with aching hearts and of the International Banking Corpora-portant commercial centres of the they paid too high dividends tion in San Francisco and Spain and world, we are able to extend to our some of them; that they paid too
weary feet, seeking for work. But alea of The National City Bank of clients special facilities for domestic much to their staffs and expended
work will come, plenty of work New York (France), S.A.. in Paris and foreign banking and exchanges, too much on their premises. In and Nics.
We also handle the issue of Bonds fact. that they spent too much that I doubt nowadays-and that But my anxiety is, and your an will come... Of that I have no fear: and other Publia Funds of the Chin- est, Government. both at home and upon everything except on interest his neighbours know him and xiety is, while many are waiting abroad.
to their depositors. There was an trust him because they see his for work they may be losing the other form of extravagance about daily manner of life. What a will to work. That is the real which nothing was said, and that change from the London banker to danger of Britain.. was the number of services which they gave away for nothing..
F. McD. COURTNEY,
Manager. Hong Kong, 20th. February; 1981..
THE
AMERICAN EXPRESS. COMPANY,
Birin
-ING.
Head Offee: 65, Broadway, New York.
U.S.$6,000,000 .U.S.$1,572,454 U.S.$1,008.209
SHOU J. CHEN,
Hong Kong, 6th March, 1931,
Manager
THE BANK OF CANTON, LTD.
Established 1912.
National Spending.
"You know," the Chairman went on, how much or how little sert ousness there is in these charges, and Lord Sankey; I have no doubt, will shortly endeavour to explain to you how. little truth there is in 6.600,000 the charge of extravagance against the Government. Whether he will Ceston, Shanghai, lankan, Swalew, convince you I am in some little doubt, because I think among hankers and many others there is
Head Oce:-Hong Kong.
'Authorised "Capital (IL.K. Chirunny) $11,000,000 Pald-Up Capital ashramnotandan Reserys Fund
BRANOHRG:----
1,100,000
Bangkok, New York and Ban Francisco.
CORRESPONDENTS
LONDON BANKERS |---
-The Lloyd's Beak, Limited,
principal cities of the World.
Poreign exchange and booking “busirasa of
disciplina iramasosad
a very general and serious convic tion that we as a nation are spend-
Safe Deposit Boxes Curious aises) at a yearlying much more than we can afford.
Manager.
Capital Surplus Reserven
Hong Kong, 1st May, 1931.
BRANCHES
Amsterdam
Aans Baile
Con Glasgow KAYACH
Har
Bart
Bomber
1thcet
Interlaken Jertelem
Nine Saplos Pixeous Pacia Toda Paking Palerm
In
Bread
Lido
Rotterdam
Brusela
London
Bite Alar
Liverpool
Cairo Caloutta CALL
Lucerar
LUSADO
Luxor
Moxia Carlo
Munich Montreus
Established 1880.
Capital (fully paid-up) Yen 100,000,000 Reserve Fund
.Yan 116,000,000
Head Office:-YOKOHAMA.
Branches and Agencies at:
Alexandria
Batavia
Berlin
-Bombay
Calcutta
Canton
Chungchun
Manila Nagasaki Nagoya
Newchwang
New York Osaka
Pelping
Dairen (Dalny) Rangoon Fengtion (Mukden) Rio de Janeiro
San Francisco
Hamburg
Hankow Harbin Hong Kong
Honolulu Kai Yuen Karachi Kobe
London
Los Angelea.
· Lyons.
Cototebo Constanthople
Сидеть
112
Bome Stamboul Shanghai deytkamples
Singapore M1. Morits Tisla
Viena
Ceniza
Fokahatos Zurich
Florsbas
Branches of American Express Company in Principal cities of Unit- ed States of America and " Canada,
All classes of Commercial. Banking Transactions undertaken.
Seattle
Personal investment handled.
+
Semarang
Shanghai
Shimonosold
Singapore Soerabaya
Sydney
Tiantain
Tokyo
Tsingtau
Laterest allowed on Current Ac counts.
Deposits received for fixed perioda at rates to be obtained on application!
...HL. MORI,
Manager.
Hong Kong, 11th April, 1981.
patel of from 33 to $40.
LOOK POONG SHAN,
Chief Manager,
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO,)
HEAD OFFICE:-Talpak, formoss,
Incorporated by Special Imperial Charter, 1899.
ل مسلمة
Central Bank in Foo Bank-Notes uued Average amodzi „..Kan. 45,000,000 BRANCHES AND AGENCIES: account JAPAN:-Tokyo, Tokohama, Hobs, Caska,
Kartako, FORMOSA -Draze, Engi
Makong, Nadio, Edickku, Talihu, Talaam, Takao," "Tammal, „Town, Halia, False, Swalow, Canton oxers-Hong
and that the position Is becoming yearly more dangerous,
"The message I would ask him to take from this gathering of bankers to the Government, of which he is a member, is this:---- "We believe that the finan cial and commercial condition of this country is highly critical. We do not believe that that con- dition can be met by merely marking time and hoping for better things. The position must be faced, and must be fac ed squarely...
If we, as a nation, are spend. ing more than we can afford, as I
The Company offers to intending || CHINáz-Blasghai," Hankow, amor. Foochow have already hinted, it must stop.
Travelers the use of its "Travelers Cheques" and Letters of Credit and,
In addition, the world-wide services
· Semarang,
Bingapor London, New York, Dalisa, D LONDON BANKERS:
Caloutlas
Soarabaya, Bankers know of only one end to such a course, if continued suff-
of its thoroughly equipped Travel Da- The London County Wacunditat and Pan's Bank,cantly long."
partment
Afiliated, with
The Bank has Correspondinate in all tka prizelpat Commercial Centre throughout the world.
"THE CHASE NATIONAL BANK | HONG KONG BRANCH
Resourcos.Over $2,500,000,000
K. MAGURA.“
Den Tana Bond Can!
Hong Kong, 19th January, 1996,
C. BENSON,
General Manager.
THE BANK OF EAST ASIA, LTD.
Established: 1918.
HEAD OFFICE:
10, Des Voeux Road, Central.
" HONG KONG.
Capital and Surplus
over H.$ 8,000,000.00
over H.380,000,000.00)
Total Resources
Every, description of Banking and Exchange business transacted.
Current and Fixed Deposit Accounta in local and for- eign currenclas opened for:""éllenta.
Havings Account, and Safe
Branches and Arencies, al
YOU
Maneger
Lord Sankey's Reply. Lord Sankey, responding, con- gratulated Mr. Beaumont Pease on having attained the Presidency of the Association and also on hav- Ing recently been nominated -as Captain" of "this Royal & Ancient Golf Club,
The Lord Chancellor continued:. "Well, the Government has come pretty well through a rather trying. Winter, and our strength is well ARE INVITED TO INSPECT QUR, maintained. If you will permit
'STOCK OF
- ASIATIC FOREIGN AND
COLONIAL
POSTAGE STAMPS
IN SETS SINGLE PACKETS, BAGS AND IN APPROVAL SHEETS
GR
CO. Posture Stampa;
Pictures,
INDHAM STREET.
620% HONG KONGA
me to lapse into the language of the links, I think I can best ex- press my meaning.
We took office upon June 8, 1929. It will very soon be Jung- of 1931, and therefore, air, your goling experience will at ones point out to your that the post tion is this: we are two up and ... three to go...(Laughter.)97
Ram at al
that within not: THE
the Big Five!
"Let me tell you at once that
Finance a Science. "You invited me to. way a few after 40 years of weary waiting words upon banking. I can only and unswerving loyalty what a say it in general terms. Forgive pleasure it la to me to-night to alt me for saying that banking. Is not
H. EFFERSOE, Asig. Superintendent. Hong Kong, June 10, 1981.
The following unclaimed tele- grams are lying at the E.E. Tele- graph Co. Office, Hong Kong Alimony, from Hampstead. Anderson, Huntington, Stibba Road, from London.
Balfour, University, from Burn- ham Market.
Rita Wylie, Empress Lodge, Kow- loon, from Kensington, N.S.W
S. LACK,
Manager.
Hong Kong, June 11, 1931.
and so good to my throat!®
"Don't you adore that wonderful
Embassy flavor ?" Indeed.yes
and they're so
caressing to my throat!"
Embassy
CORK-TIPPED
YOUR THROAT LIKES THEM