BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
'kuihmiset Capla 50,000,000 "Iscued 'und "Fully Pald-up 190,000,000 Reserve Funde L
Secting ..............
Sitter...
£'6,600,000 $10,000,309-
Beers Aty of Proprietors. $90,000,000 HEAD OFFICE, HONG KONG.
BOARD OF DIRECTORA
Hoa. Mr. G. 5. Meule Chairmen
Elon. Mr. J. J. Paterson, Deputy Chairman.
Bom, M., H, Ball. T. E. Pasma, Bog.
A. 4. Complu, Zeq. J. A. Plummer, Eig.
B. Lestu Lewis, Esq. T... R. Shaw, Bog
3. Miche. II.
BOMDAT CALCUTTA CANTON
7. P. Wan, Eng.
dhist Manager.
V.M. Onbura, 'Esa.
BRANCHES:
LONDON. LYUNS
MALACOA
PENANO
THE CHARTERED BANK OF 'INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1855. HEAD OFFICE: LONDON. Paid-up Capital Reserve Fund
THE HỌ RỘNG BANK, LTD.
(Established 1917.)
HEAD OFFICE>-SINGAPORE Hong Kong Branch: 13, Queen's Rd. C. £3,000,000 Authorized Capital, Strafta $20,000,000 £4,000,000 Issued Capital
of Shareholders Surplus
Reserve Liability of Pro-
prietors
Paid-up Capital
£8,000,000
Reserve Liabilities
ALOR STAR
(Malay Bates)
Agencies and Branches:
AMBITOAD
DANDEOE BATAVIA BOMBAY CALGUITA
CANTON CAWNPORK CEAU
"COLOMBO
BAIREN (Delay
Bouth Hanokurfl
DELI!
HAIPHONO
HAMBUBO
HANKOW
KUALA LUMPUR
KUCHINO
MADBAS
MANILA
- MEDAN
NEW YORK
PELING
PENAND
BANGODS
BAIOON
BEKARANG
GEREMBAN
SHANOMAI
SINGAPORE
SITIAWAN
BOURABAYA
TAIPINO (7.4.83
TAVDY
FONGEAR (Bbukek)
HARBIN
IN. Manoharlai
TONG KONG
TIENTSIK
TOKYO
1200
4302
BANGKUN
BATAVIA
ILOILO
. MANILA
MAB (folos
KARACHI
MUIDEN
KLAND
A
CHER
NEW YORK
KOOP
COLUMB
PEIPING
BDALA KANGHAR
Per M..
DAIBEX
FOOOHO
RANGOON
HAIPHONG
SAIGON
HANDUN
BANKOW
HHANGBAL
HABBIN
SINGAPURE
HONGIEW
GOTHABAYA
ILUILO
BUNUEI PATANI
TIENDAN
TOKYO
Boat
JONORS
XUBE
KOLJUN
KUALA LUMPUR-
BAS FRANCISO
⚫TSINGTAO:
YOKUNANA
Curmal Acoosan opened in Lood Olitano) and Fizid Deposita zeceived for one year
barter perioda in Local Carray and Arling terms which will be quoted on appliomiion, Bong Kong, 281) February, IDEL.
HONG KONG SAVINGS BANK.
The Bulboss of the above Bank is conduct.
ed by the HONG KONG AND SHANOIAL BANEING CORPORATION.
abtiled on spplication.
Rules, may be
FOR THE HONGKONG AND SHANGHAI BINKING CORPORATION.
.. ORAYBURN, '
Chief Hangır.
Hong Kong. 16th July, 1780.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
95, Boulevard Hausatoona, Paris.
Subscribed Capital Fra. 72,000,000.00 Paid-Up Capital...Frs. 88.400,000.00 Reserve Fundis....Fra.102,000,000.00 BRANCHES:
·Bangkok.. Hong Kong Quinhon Battambang lue
Saigon Shanghat Cantho . Mengtze
Nam-Diah Singapore Canton
Thanh Numes
Tientsin
Djibout!
Fort-Bayard Papeete
Haiphong Peking Tourane
Pnom Penh Vink Pondichery Yunnanfu BANKERS:
Hankow Hanol
TAINGTAO
YOKOHAMA
ZAMBOANGA
(Philipplas [elanda)
8,000,000
4,000,000
4,000,000 2,526,000
Branches, Agencies and Correspon denta in the principal cities of the world,
Every description of Banking and Exchange business transacted.
TAN ENG HOOI,
Manager.
NEDERLANDSCHE-HANDEL MAATSCHAPPIJ, N.V.
THE CHINA MAIL.
Commerce and Finance
HOME COMPANY REPORTS.
The North British
Rubber Co.
MONDAY, JUNE 22, 1931.
The balance-shett (the chairman
tha
com-
shares, and 8 per cent., free of tax, loss account, the principal Item on the Ordinary shares, which re- which attracts attention quired* £52,228 129.; to place debit side is the increase of nearly $15,000 to general reserve and to £6,000 in Income-tax for the past carry forward the balance of year, due to the larger profta 243,168 185, or 48,861 178. 11d, brought into account and to the more than last year. I
increase in the gate of tax from 4s. to 43, 6d. in the S. Other items continued) does not present any require no special mention, being dituro, will be effected during the substantial variation from that all much the same as last year.. current financial year.
presented to you a year ago. ↑ On the credit aide the combined A-reduction in net profit from might, however, explain that on profits of our own two branches-
1929 $92,012 In
to 214,108 is the debit side the relatively high Singapore and Mauritius-are up shown by the accounts. With withdrawal of £38,128 from the re- by £19,344, due mainly to substan- £36,768 brought forward there is
serve for depreciation and re-tial economies which have been an available balance of 269,376 newals is largely due to the sub-effected during the year and to the In view of the present circum atitution of automatic working for non-recurrence of special charges atances and outlook, the directors manual at Singapore. Adequate under the heading of depreciation After writing off £27,100 depre- cannot recommend the payment of provision for depreciation, based and renewals. Dividends and in- ciation on plant, machinery, etc.,
a dividend, and the available bal-
on the normal expectation of useful tereat from
associated the result of the working of the ance is carried forward, aubject to life of the different classes of plant panies are down, however, by North British Rubber Co., during Eastern Staff commissions.. For and apparatus employed In the some $6,000, but this has already 1930 is a trading loss of $79,817 1929 shareholders received a total business is made year by year. But been explained in the report in Deducting from this the balance dividend of 16 per cent.
when, as occasionally happens, it is your hands. brought forward of $27,158, there
Cheras Rubber.
deemed advisable to replace plant The Singapore Branch.. is a debit of £52,664, to which
The accounts of the Cheras Rub before its useful life has expired I come now to the year's work- falls to be added interest on dober Estates show a profit of £428 either with a view to giving iming of our own branches at Singa benture stock,, £18,108, directors' for 1930 (against $11,181 for fees, £2,500, first half-year's divi 1929), which increases the amount proved service, to effecting econo pore and Mauritius and to that of for other our subsidiary and associated com- dend on the first and second pre to be carried forward to £15,674, reasons-special provision has to pantes in Bombay, Bengal, Ran- ference sharea, £5,625, making a
no dividend being recommended
be made to meet the. doficiency, goon, Madras, and Hong Kong. total of 578,897.
(against 124 per cent,).
which would otherwise occur in Of our own two branches Singa- The directors have applied year £2,500 was added to reserve,
the depreciation fund.
pore shows a drop bath in gross raw material and and 2450 was placed writing down
In the case of the manual equip revenue and in the number of 'ex- finished, goods to the market price, tax reserve.
ment at Singapore, which as I have change linea connected, but, as and purchase commitments to the
during 1930
a previous et mentioned previously, the charges explained upon market price and in- providing for
(against 649,395 lb.).
casion, comes under this heading on the revenue there have bean further possible losses, £6,800,
we have been making provision in appreciably less, so that the net making a total of £148,897. They have disposed of the debit by
advance during the last few years result for the year shows an im transfer from general reserve ac
to meet this deficiency, so that by provement. Conditions throughout bol count of £170,000, leaving a credit
1930, when the change-over took that period have heen moet un Shemskaris (Holo), Legal, Tillaja balance to be carried forward of
place, the depreciation fund would favourable, and, as you probably be in a position to meet the special demand upon it. The cost of the manual equipment is now written off, and the balance of £40,556 re presents the correct amount which should at present be in the fund to provide for the depreciation of all the company's plant and pro perty in both Singapore Mauritius.
(KEZKERTANDS TRADING BOCIETY|
BANKEES
Batablished 1984, "
Kong Kong. Odamli. Queen's Hood' Compisi. Authorlaad Capital
Ouilders 180,000,000- (#13,00,000.)
Foreign Exchange and General Banking business transacted.
Current Accounts opened and Fix- Fald-Up Capital Gallery 2010, or
ed Deposits received for 1 year or which will sharter periods at rates 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.S.$228,037,392
Branches in:
ARGENTINE LONDON
BELGIUM BRAZIL
HEXICO
PANAMA
CHILE
PERU
CHINA
PHILIPPINE
COLOMBIA
CUBA
PORTO
ISLANDS
RICO
DOMINICAN STRAITS
REPUBLIC SETTLEMENTS
URUGUAY VENEZUELA
INDIA
ITALY JAPAN
Commercial and Travellers' Lettors of Credit, Travellers' Cheques, Hills 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 eigu currencies. takon 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- IN FRANCE: Comptoir Natication in San Francisco and Spain and d'Escompte de Paris; Credit Lyonnais;o of The National City Bank of Banque de Paris et des Pays-Bas; New York (France), S.A.. in Pari
and Nice. Credit Industriel et Commercial; So- cleve Generale.
IN LONDON: The National Provin- cia. & Union Bank of England, Ltd.; Comptoir National d'Escompce de Pari; Credit Lyonnais.
IN NEW YORK: J. P. Morgan á Co., French American Banking Cor- poration; Guaranty Trust Co. of New York.
Interest allowed on Current Ae- counts and Fixed Deposits, according to arrangements.
Every description of Banking and Exchange Business transacted. Safe Deposit Boxes to let
A. BONNAUD,
Manager.
F. McD. COURTNEY..
Hong Kong, June 16, 1931.
THE
AMERICAN EXPRESS COMPANY,
INC.
Head Office: 65, Broadway, New York
Manager.
Hong Kong, 1st May, 1931.
Capital Surplus Roserves
THE YOKOHAMA SPECIE BANK,
·LIMITED,
Established 1880.
Capital (fully paid-up) Yen 100,000,000 ...Yen 115,000,000
Reserve Fund
Head Office: YOKOHAMA.
Branches and Agencies at:
Alexandria
Batavia
Berila
Bombay
Calcutta
Canton
Changchun
Dairen (Dalny)
Hamburg.
Hankow Harbia
Hong Kong
Honolulu
Kal Yuen
Manila Nagasak! Nagoya
Newchwarg
New York
Osaka Peiping Rangoon
Fengtien (Mukden) Rio de Janeiro
San Francisco Seattle Sentarang Shanghal Shimonoseki Singapore Scerabaya Sydney Tientsin Tokyo Tsingtau Interest allowed on Current Ac- counts.
Karachi
Kobe
London
Los Angeles
Lyons.
Deposits received for fixed periods at rates to be obtained on application.
H. MORI, S
Manager.
Hong Kong, 11th April, 1981.
Asanlardan Antwerp
Athana
Bagle
Barlin
artis Bombay
Frames
Brussels Buenos Aires
Calro Caloutta Селсов Colomba Constantinople Copenhagen Kalaburgh Florence
.U.S.$6,000,000 U.S.$1,572,454 ,U.S.$1,908.209
BRANCHES-
Cance
• Glicgaw
Kavana Hamburg Kavr Fulerlaken
Lida London Liverpool I.Lizz Lugana Lux
Moola Cazis Manila
Kuill
Munich Koul Мла
Kuplu PirsBur 'Parla
Faking Palacion Botterdam Bome Bambout Shanghai Southampton Singapore
St. Morit Funtain VIAGRA
Yokohama Zurich
Express Branches of American Company in Principal cities. of Unit- ed "States of America" and Canada.*-*-
All classes of Commercial Banking" Transactions undertaken..
Personal ** investment, handled.
accounts
The Company offers to intending, Travellers the use of its "Travelers Cheques" and Letters of Credit and, In addition, the world-wide servicei of its thoroughly equipped Travel De- partment.
Afiliated with
"THE CHASE NATIONAL BANK Resources Over C$2,500,000,000
C ́AL BENSON, ·
General Manager.
THE BANK OF EAST ASIA, LTD.
Established 1919.
HEAD OFFICE:
10, Des Voeux Road, Central,
Capital and Burplus Total Resources
TONG KONG
over H.$ 8,000,000.00" ver $80,000,000.00
Every description of Banking “and Exchange, business- transacted
"'ürrent and Fixed Depoili Accounts Indocal and for-
sales opened for clients.
Branches and Agencies all over the worl
ONG PO
"Honorra Fond
(48,009,170)
...Gullöven), 60,511,900
Head Of 1—AMATERDAN* Xatlara Best Q6002-BATAVIA,
BRANCHTEN Banjarain, Bandong Bombay,
Piculta, Chiriboo, Dambu. Dia Jakarta', The Hague*, Jaddah, Höba, Kota Badia, Malnovar, Medan, Pads
Rago Busterdam,
Palembang Pekalongan
Bumaning*___Shanghai,
สน
Wellstreden.
Bampore Boursbala,
* Thein pflows hats sala dejodi bazie to Si, Landon Bankara ---National Provincial Bank LiJ. Correspondents all over the world
· Blaking business of myyty
description trazmoted. Pr
A. STOKKINK,
Hong Nov. 181 Augusă,, 1990. `-
Малари
THE BANK OF CHINA.
行銀
Reorganised October 28, 1928, under special charter of The National Gov- ernment as an '
INTERNATIONAL EXCHANGE
BANK.
Subscribed Capital. Paid-Up Capital .... Reserve Funds
£28,102,
.
Lagt
to income. The crop harvested 628,317 16. -W88
Sungei Purun (F.M.S.). A profit of £1,444 was earned by the Sungel Purun (F.M.S.) Rubber Co. during 1930, compared with £12,782 for the previous year. No dividend is recommended (against 1234 per cent), and after placing * In view of the result of the £350 (against £750) to income-tax year's working the directors pro-reserve the balance is added to pose to defer consideration of the the carry-forward, increasing it to question of payment of the second £16,330. Last year £2,500 was The crop half of the first and second prefer transferred to reserve. ence dividends until later in the harvested during 1930 amounted to 644,905 lb. (against 697,251 lb.). Under the modified system of tap ping which has bear adopted, the estimate of crop for. 1931 is 597,000 15.
yenr.
Java United.
The directors of the- Java Unit ed Plantations report that there was a loss of £5,574 for 1930, com- pared with a profit of £22,125 for 1929. The loss is deducted from the credit balance of £22,618 brought forward, leaving a credit of £17,044, which is carried for
Ward, no dividend being declared .$25,000,000.00 For 1929 an interim dividend of 3 $24,710,200.00 per cent. was paid, but no final ...$ 8,820,503.32 payment' was made. The coffer crop for 1030, amounted to 12,906 cwt (against 16,576 cwt.) and realised a net price of 478. IId. per cwt..
The rubber, crop amounted to 832,613 lb. (against 896,757 lb.), Owing to our numerons branches in the average net price realised be-
The rubber} China and large connections in the im- ing 6.97d. per lb. portant .commercial centres of the
HEAD OFFICE: SHANGHAI.
HONG KONG BRANCH: 4. Queen's Road Central...
THE O.T.E.C...
Satisfactory Results for
1930.
mies in working or
•
know, the prices of the two com modities in which Singapore is chiefly interested-namely, tin and rubber-have both touched records in the matter of low prices. Until same revival in these industries and in trade generally takes place. which we can only hope will not be and long deferred, I am afraid it would be idle to look for any very 'sub- stantial improvement there; though when that time arrives it will find the company fully prepared to cope with any demands which may be made upon it. The automatic system continues to work well and tq, give satisfaction to our sub- scribers, and the cost of the change has fully justifed itself from the point of view both of the public and of the company.
Favourable Financial Position.
On the credit side of the balance sheet the deduction of £21,024 from the "cost of exchange equipment" is due to the same cause-namely, the withdrawal of the old manual equipment at Singapore. The ad dition of $13,887 to the land and buildings account represents, main ly, the final cost of the staff bous lng scheme there to which I made reference in my address to you last The thirty-seventh ordinary year. The value of your company's general meeting of the Oriental shareholdings in the subsidiary, Telephone and Electric Co., Ltd., and associated companies appears was held at the Great Eastern at the same figure as last year and,
as usual, represents a very Hotel, London.
SINGAPORE WORKING.
con
Sir A. Henry McMahon, (chair-servative estimate of the actual
蛊 caretaking in the course of his speech said, and liquid resources of the com world, we are able to extend to our areas on Scember Pandan estate man of the company), presided, and value of these holdings. The cash
clients special facilities for domestic have been put on
The Singapore Staff Housing Scheme has been completed during the year, and has proved a great boon to the members of our The problem of European staff.
providing accommodation for..
Europeans of moderate means is
one throughout the East, and ta
becoming an increasingly difficult
and foreign banking and exchanges. basis. No new coffee clearings the net result of the year's work-pany have not varled substantial one, moreover, which is not neces-
We also handle the issue of Bonds are being undertaken and othering was a slight increase in the r. save that a considerable pro sarily solved by the grant af house
net revenue and other Public Funds of the Chin capital expenditure has been re company's
from portion, which figured last year allowances. These cannot in them. cse Government both at home and duced to a minimum.
£99,521 to £100,001; and with the under the eading of "Fixed Deselves ensure that accommodation abroad.
SHOU J. CHEN,
No dividend has yet been re-carry forward from last year add- posits," now appears under the will be available and frequently do Manager., ceived by the company on its hold-ed, there was a balance of £110.392 heading "British and Indian Gov little more than provide a tempor comary solution of the difficulty. With Hong Kong, 5th March, 1981.
ing of 20,000 shares (15s. paid) in available for disposal, after pay- crnment Securities." The Western Java Estates, which was ment of the usual interim divi pany is thus in a very favourable the completion of this scheme, incorporated in April, 1929, to denda, as against a corresponding position to cope, at short notice, however, the staff will be provided take over the Arinem ten estate. Lamount of. £104,530 for 1929. Out with any development or expansion with suitable and permanent ac Other investments are shown in for this they proposed to pay final which it may be called upon to commodation so long as the cam
pany continues its operation in. the balance-sheet at £86,193, which dividends for the year of 3% per undertake.
Turning now to the proft and Singapore.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:-Hong Kong.
Authored Caplint (HK. ́Qurroksey) $11,000,000 Paid Up Capital
3,155,000 Beware Fund 1,100,000
BRANCHES 1-
is below market value on Decem-cent. less tax, on the Preference ber 31 (£92,622), Cash stands at £8,465.
Besoek! Plantations.
A profit of £3,622 is shown by the accounts of the. Besoek! Plan- Fromelictations for 1980 (against £13,787
Okasos, Bhanghai, Hacker, Bestow, Bangkok, New York mad fun
COBBESPONDENT:
LONDON BAN •*38 ***
The Lloyd's Bank, Lámboð,
lo si prindi altion of the World Porage arohanga and banking businam of stary fascription fransarted.
Bis Deposit Borm (various sinni) si a sourly rental of from -$5 to $40,
LOOK POONG SHAŃ,
Chief Manager
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO.)
HEAD OFFICE:-Talpeb, Formosa,
Incorporated by Special Imperial Charter, 1899.
Central Bank in Formoss. Bush-Nosen" "Parsed Average amoună mÏan. 16,000,000 BRANCHES AND AGENCIEBI, JAPAN TOKIO, Xokohama, labi, OMRE FORMOSA Ina, Kaga Karmio, on
Wakong, Hanjo,_Khocking, Tukku, Tainan, Takso, Tamaki, Town, Talso, Taito.
·Buslow, Canion.
CHINA: theaghal, - Hamkowy Amy, oko OTHED Long Bloggers Bala
Dataria,obar, Cajor
· London, "New · Tork, Estran HOME LONDON - BANKERS).
The London County Westminster and Farr's Bank The Bank he Dotrorpondente in all the principal
༥ *
Commasikal Cenizes throughoni ika world." de
HONG KONG BRANCH;
3. Den Vazz Road Oustrali Hong Kong, 293 January, 1985
for 1929). This is added to the carry-forward, making it £17,166, no dividend being declared for the year (against & per cont.). There was an increase in the coffee crop, from 3,457 cwt, to 5,496 cwt.; the net price realised was 42s. 111⁄2d. per cwt. The rubber crop amount- ed to 925,929 lb. fagainst 912,619 lb.) and realised a net price of 6.84d. per ib. In the balance-sheet Investments are shown at £47,116 (market value at December 31. £49,266), excluding the 20,000 shares (158. pald) in the Western Java Estates on which the coin- pany has not yet received a divi- dend.
Oriental Consolidated.
The total operating profits of the Oriental Consolidated Mining Co. for 1930 amounted to £335,525 (against $281,748 for 1929), equi valent to $1.60 per ton (against $1.22), and after deducting loss on exchange, dapreciation, etc., the net profit for the year was $67,074 (against, $420). The sum of $68,886 was expended for new con struction during the year, and `$268 for le development work. These amounts have been capitalis-
A total of 208,360 tons were milled" "daring the year (against *282,046 tona); the reduction being. due in the discontinuance of the| Tabowle Old Mine, The totel es- ARE INVITED TO INSPECT OUR Himated ore reserved at January 1
STOCK OF
YOU
Po her stewere 820,000 tona (against 865,000 ASIATIC FOREIGN AND
COLONIALE
POSTAGE STAMPS
IN SETS," SINGLE, PACKETS? BAGS AND IN APPROVAL SHEETS.
GRACA &
tons), having a gross value of $1,700,000 (against $1,990,099), POLO United Sua. Betong,T
For 1980 the crop of the Unit ød - Sun Betong, “Rubber - Estates amounted to 0,726,407,1b, compar Sed with 6,598,005 3b, in 1929.- The programme, of intensive cultivation worke Initiated Jn 1920- hasi besa continued,
practically tho, ated area has nów
་
Yet----
AS MODERN
AS THE TALKIES.
The best things in life never grow stale. Bom back in the crinoline days, even now THREE CASTLES ÷ remains a leader among the faiest Virginian cigarettes made. A good friend an honest smoke. there's no sweeter tobacco comes from Virginia and no better brand than the THREE
CASTLES.
THREE CASTLES
CIGARETTES
FAMOUS FOR FIFTY YEARS