Sterling nanasemana Mile
#,8,100,000 $10,000,000
THE CHINA MAIL.
£3,000,000 ↑ Reserve
HEAD OFFICE:-SINGAPORE. Hong Kong Branch: 18, Queen's Rd. C. £3,000,000 Authorised Capital Straits $20,000,000 .24,000,000 Issued Capital
Paid-up Capital ...
8,000,000
4,000,000
Liabilities
Agencles and Branchens
of Shareholders Surplus
4,000,000
2,620,000
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorised Ompla
$8,000,000
Turned, and Pully Paid-up........... 1630,000,000 Boese Fonda —
Basura Lườišty of Propriatoms. $28,000,00
Hou. Mi,
URAD OFFION: HONG KONG.
BOARD OF DIRECTORS :—
Hon. Mr. 0.0. 8. Mackin. URAIFA.
Hon. Mr. J. J. Paterson,
Deputy Chairman.
• H. B, T. E. Pagros, Esq.
AH. Compton, E. J. A. Plummer, Eq.
13. Lander Lawin, Eng. V. IL. 3. Khaw, Big,
Q Makin, Esq..
3. F. Warren, Esq.
V. M. Omybum. Exa
DRANGHES:-
LONDON LYONS
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858
HEAD OFFICE: LONDON, Paid-up Capital Reserve Fund
Reserve Liability of Pro-
prietors
ALON STAR
(any Buter)
BANGKOK BATAVIA
DALOUTTA
CANTON
CAWSTORE
CEBU
CULOXBO
DAMEN (Delux
South Manchuria)
DELUI
HAIPHONG
HINKOW
KAMBIN
(N. Sancharaj
PEMING
PENAND BANCUON
SAIGON
FEMARANO
THE HO HONG BANK, LTD.
(Established 1917.)
AMOY
ཛྙཱ་
BANGKON
BATAVIA
BOMBAY
GANTUN
CREFOO
Chief Mar
AMRUTHAR
*BUMBAY"
HAMBURG
KWALA KANOHAR
Pork .M.5.)
BALACCA
LONG KONG
HOLO
MANILA
[pou
CALOUTTA
UAB (Johor)
KARACHI
MUKDEN
KLANG
NEW YODE
КОРЕ
COLORIN
PEIPINO
DAIRES
FORGLOW
AIPITONO
AM
RANKOW
HARBIN
HONUBEW,
ILOILO
JOLE
FORURE.
XQUE
KOWLOON
KUALA LUMP
PENANO
HANGOUN
MAS FRANCISCA
SALOON
SHANDTAS
SIRLAVONE
MOHABATA
SUNGEL PATANA, BESTSIN
TOKYO
THIKOTAO
JOKUHANA
Current Accouble opened in De Cuer and Flad Usposite and lor one year or shorter turlada in Loen Curranty and Sterling an era whink will be quoted on application. Hong Kong, 28th Febrosty, 1931.
HONG KONG SAVINGS BANK.
The Burlew of the alvis Bank is seaduet.
ad by the HONG KONG AND BHANDWAL BANKING CORPORATION.
obtained on application.
Rules may be
POR TUB HONGKONG AND BUANGHAI
BANKING CORPORATION.
V. V. GRAYBURN.
Hong Kong 18th July 1980.
Chial ManagAT.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
96. Boulevard Haussmann, Paris.
Subscribed Capital Frs. 72,000,000,00 Paid-up Capital...F
..Frs, 68,400,000.00 Reserve Funds ....
Fra.102,000,000.00 BRANCHES: Bangkok Hong Kong Quinhon
Saigon Battambang Hue fanthe Mengtzo Shanghai Canton Nam-Dinh . Singapore Djibouti Numea Thanha
Tentain Fort-Bayard Pappeto
Peking
Tourane . Pnom Penh Vinh Pondichery Yunnanfu BANKERS:
.
Halphong Hankow Hano!
IN FRANCE: Comptoir, Natlosal d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas Credit Industriel et Commercial; So- date Generals.
IN LONDON: The National Provin- cra & Union Bank of England, Ltd.; Comptole National d'Escompte de Paris; Credit Lyonnais.
IN NEW YORK: J. P. Morgan à Co., French American Banking Cor poration; Guaranty Trust Co. of New York.
Intoret allowed on Current. Ae- counts and Fixed Deperits according to arrangements.
Every description of Banking sad Exchange Business transacted. Safe Deposit Boxes to let
A. BONNAUD,
Hong Kong, 1st May, 1931.
KUALA LUMPDA
EUCHTING
НАРВАЯ
MANILA
MEDAN
NEW YORK
SEREMBAN
SHANGHAI
SINUAPORE
MITIAWAN
SOURABAYA
TAIPING (3.8)
TAVOY
TONORA (Bhukat))
THINOTAG
YOKOHAMA
TIENTSIN
TURVO
ZAMBOANGA
ippina Jalandaj
General
Foreign Exchange and 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, 1931.
THE NATIONAL CITY BANK
OF NEW YORK.
HEAD OFFICE: 55, Wall Street, New York.
Capital, Surplus and
Undivided Profits ..U.S.$226,037,302
Branches in:-
ARGENTINE LONDON
BELGIUM
BRAZIL
CHILE
ISLANDS
MEXICO
PANAMA
PERU
CHINA
PHILIPPINE
COLOMBIA CUBA
PORTO RICO
DOMINICAN
STRAITS
REPUBLIC
SETTLEMENTS
INDIA
URUGUAY
1
ITALY
VENEZUELA
JAPAN
Commercial and Travellers' Letters of Credit. Travellers' Cheques, Bill of Exchange and Cable Transfers Current accounts bought and sold. and Savings Bank accounts operad and Fixed Deposits in local, and for- olga currencies taken at rates that may be ascertained on application to the Bank.
We are also able to offer our Gas- tomers the services of the Branchas
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
F. MED. COURTNEY, -
Hong Kong, June 10, 1031.
and Nice.
THE
Branches, Agencies and Correspon dents in the principal cities of the world.
Evary description of Banking and Exchange business transacted. "
RECORD LIFE BUSINESS.
FRIDAY, JUNE 26, 1931.
last year at £3,540,000. The gen- granted. At the time this conces eral reserve fund was increased slon was given exports of wheat
Commerce
ce and the Punjab to Calcutta only
Commercial Union Assurance.
Finance
The sixty-ninth annual general records in the history of the com- premises have increased by about weak of March the total exported
TAN ENG HOOL
Manager meeting of the Commercial Union Assurance Company, Limited, was held at the registered office of the company, 24, Cornhill, London.
The Right Hon. Sir Robert Horne, |G.B.E., K.C., M.P. (chairman of the
company), presided.
NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V.
-NETHESTANDS TRADING SOCIETY:
DANKERS
Established '1834.
deng Kong Donzell, Queen's Bond Central.
412,800.000.1
Falk-Up Capland Guillars 80,080,000
Eaterra Pund-anima minn Quilders”, 60,515,000
(26,589,110)
{23,34,00)
Head Ofori-AMSTERDAM" Eastern Head Oftos:-BATAVIA,
which $165,973 has already been amounted to about 100 to 150 tons a explained: the balance of £84,871 is week and it was in the hope that as represented by the realised proats a result of this robate the amount on the sale of certain assets at exported would considerably in- values in excess. of those at which crease and surplus stocks would be- they stood in the books. This in- gin to move to the advantage of oncourage savings find their funds crease of £240,844 has been written land-owners and traders of the pro- Increased and life insurance also, as off the cost of businesses acquired, vince that the. Punjab Government a aafeguarding device, becomes so that the general reserve fund re- agreed to accept liability for the re- more active. Whether this commains at the same figure at which bate provided these conditions were mentary provides the true explana- it stood in the 1929 balance sheet-fulfilled. The concession became tion or not, it is worthy of note that namely, £4,100,000,
generally known. The amount ax- we issued 8,030 policies assuring Turning to the assets, mortgages ported from Punjab showed a very over $4,500,000 gross or, after and loans have increased by £120,- considerable rise and towards tha deducting reassurances, over 4,385,000 and investments by nearly end of February Jumped up to about 000 not. These figures constitute $200,000. Freehold and leasehold 1,500 tons a week and in the last pany, surpassing even those, of the £60,000, representing expenditure was not far short of 4,000 tons, best year, 1920, and showing in-on new buildings at Glasgow, Cape- The final figures show that 13,198 creases over 1929 of nearly 600 in town, and Buenos Aires, less the tons were exported from Punjab the number of policies and of over amount of £20,000 written off. during the two months, which works £400,000 In the net eumia retained at
out at an averaga risk.
of about 1,600 tons a week. During this period exports from other parts of India to Calcutta unfortunately remain small, with the result that although the condition regarding exports
from Punjab was more than fulfilfed an Value of the Investments.
average of 2,250 tons from the Qur investments, both on general whole of India was not worked up account and life account, have a to. The cost of higher market value than the figure therefore falle on the Punjab Gov- the concession at which they stand in our books, ernment who will have to pay about and, in spite of the decline in Aus- Rs. 1,35,000 for the effort which tralian securities, a higher value they made to assist the zamindars than in 1929. (Hear, hear), With of the province in getting rid of regard to Australia, in which we are their accumulated surplus stocks of greatly interested, we have every wheat." confidence that her finances will be .re-established on sound lines and that she will emerge successfully from her present troubles.
There is a small increase in the The Chairman in the course of his expense ratio, which, including com- mission, has grown from 12.23 to speech Bald: The premium income 12.87. From the profit and loss of the fire department amounted to account it will be seen that interest $6,774,316, being 366,651 less than dividends and rents, after deduction Sathachend Capital Child 18000.000 that of the previous year. The of income-tax, amounted to £1,044,- greater part of this decrease la ut 020, being a reduction of £73,205 as tributable to the United States, compared with the previous year. where the lack of new business and The net interest after deduction of the fall in commodity prices led to payments on Debenture stocks BRANCHES Bandarais, Barden Booty a considerable shrinkage in the amounted to £968,858, compared Calcuts Carbon, Dub amount of insurance effected on with £1,000,090 in 1929. This re- Easa-Hadja, Makassar, Medan, Padang goods and merchandise. Moreover, duetion of £41,000 was largely at Palembang, Pekalongan, Fong the roductions in rates of premiums tributable to the increase in the Pontianak Bangoon Botterdam" Bamarang", Shaugh Bible which have been put into force in rate of income-tax which was im (Bus), Singapore,
some of the more profitable States posed last year. contributed to the decline in re- venue, while the States in which our business was less profitable did not redress the balance by allowing us to increase our charges.
Djamber. Digi
Kobe,
Baurebaix
Boarsharts (Bolo). Tegal, Tilalap and
5 Wattavadan",
* Iron Dicer hava, safe depoell borse to let. Pardon, Baskınız«National Provincial Bank Ltd. Correpondents all star that world Banking busless of stery descriptios resected.
A. TOKEINK
Mazagar.
tiong Kong, 18th Auguet, 1900,
THE BANK OF CHINA.
行銀國
ernment as an
INTERNATIONAL EXCHANGE
BANK.
HONG KONG BRANCH:
4, Queen's Road Central
There has been transferred from
the account of the fire department to profit and loss a sum of £185,000. This leaves the fire fund at £7,495,- 291. being 110.64 per cent. of the premiums, compared with 102.49 per cent, in 1829.
Cost of businesses acquired has been reduced by £240,894, as al- ready stated, leaving the figure now at £493,449. Our intention is, ac- cording to our previous practice, gradually to eliminate this item from the assets.
cluding the share capital and after The funds of the company, ex-
providing all necessary reserves for ascertained and estimated liabilities, show a surplus of over £12,500,000. We may, therefore, without undue pride, congratulate ourselves on the powerful position which we hold and our ability to meet with equanimity all vicissitudes of fortune.
FREIGHT ON WHEAT
Punjab Government
CONSTIPATED?
TRY THIS THE LATEST, SCIENTIFIC,
Non-Griping, Non-Habit-Creating
Aperient.
People who suffer from con- stipation never really feel woll, and in fact, they go in datly dan- ger of serious disease. The con- gested intestine is the ideal breed Ing-place for germs and it is there that 90 per cent, of germ diseases obtain their foothold. Moreover,
the blood of the constipated per-
Bon is auto-toxinated, that is, im- pregnated with poisonous matter that has been re-absorbed from the congested Intestines, and thus and keep them down.. is unable to fight off the germs.
Sole Sufferer.
The Punjab Government have issued the following communique:--
The dangers of constipation can "At the Instance of the Panjab not be minimised. Old fashioned Government the Railway Board in purgatives that are habit-creating January last agreed to allow a and nauseating can never be a rebate of one-third of the freightage satisfactory cure.. But Pinkettes charges on wheat exported by rail the latest production of science in from all stations in the Punjab to the field of laxative research, are Calcutta' for the February and March. The coat of need thom occasionally, for when ideal for the purpose.. You only this rebate was to be borne by the they act they act thoroughly, Punjab Government provided two though they are non-griping and conditions were fulfilled.
quite gentle in their action. For were.) That not less than a stubborn constipation, for billous average of 750 tons a week were ness, liverishness, our stomach, exported by rail from the Punjab to and all conditions resulting from
two months-!
The proportion of life profits, amounting to £83,088, compares with 3113,088 last year. The differ ence is explained by the fact that a non-recurring instalment of pro- fits arising from the Hand-in-Hand fund appeared in the 1929 accounts and necessarily vanished in 1930.
Interest of Debenture stocks paid and accrued is £82,000 less than in the preceding year. This is ac- In the midst of much that was counted for by the discharge of the Reorganised October 20, 1928, under gloomy in the shipping world, the "Ocean" and "Palatine" Debenture special charter of The National Gov-Marine Department achieved re
stocks at the end of 1929.' markably favourable results on the The usual amount of £20,000 has year's working, upon which our un-been written off, freehold. premises, derwriter, Mr. Page, deserves. our and a similar sum is transferred to Subscribed Capital. ....$26,000,000.00 thanks and congratulations. (Hear, guarantee and pension fund. Poid-Up Capital $24,710,200.00 hear). The net premiums at £698,- The transfer of £155,973 to the Reserve Funds $ 3,820,503.82 823 showed an increase of £13,941 general reserve fund represents in- over those of 1929 while the claims terest dividends and rents received HEAD OFFICE: SHANGHAL
paid and outstanding amounted to by certain of our subsidiary com 2819,700. It was thus rendered panies which have not been included possible to transfer to profit and loss in the dividends paid by these com the same amount as last year-panies to the Commercial Union, ". namely, £200,000—and, after for-
The balance carried forward Owing to our numerous branches in China and large connections in the im-tifying the reserves, to leave the amount to £573,795, out of which portant commercial centres of the marine insurance. fund at 61,194 the directora recommend the pay- world, we are able to extend to our 349. This figure represents 170.91 ment of a final dividend for the year clients special facilities for domestic per cent. ofthe premiums compared 1930 of 10s. 8d. per share, less and foreign banking and exchanges. with 168.7 in 1929.
Income-tax which will require £568,- Proceeding now to the Accident 465. This amount, together, with Department we find that the pre- the interim dividend at the same mlums amounted to £8,658,457, rate paid in November last, will showing a decrease of £127,125 on make a total dividend for the year the figures of the previous year. 1980 of £1 0s. 6d. per share, less in- Calcutta, and (2) that not less than unhealthy, congested internal or If we except the United States, come-tax, costing £1,188,489. an average of-2,250 tons a week were gans they provide speedy and our accident account, at home 'and' From the consolidated balance-exported by rail from the whole of, certain relief. All chemists ean abroad, has shown excellent results. sheet it will be observed that the India into Calcutta during the supply you with Pinkettes, Liver
The passing of the Road Traffic share capital remains the same as period for which the rebate was and Laxative Perfection. Acts in Great Britain and Northern | Ireland was the outstanding feature of 1930... Motor. vehicle and motor- cycle owners must now provide i security for the payment of com- pensation, where legally due, 'for personal injury to third parties, and this security almost always takes the form of a policy of insurance. i There is a general impression that compulsory insurance is of great benefit to the Insurance companies, but that is not a view which we are yet inclined to give unquestion- ing support. Under compulsory in- surance we have less freedom in the selection of our business and we feel compelled to accept, many risks THE BANK OF TAIWAN, LTD. |which we would rather avoid.
(TAIWAN GINKO,);
We also handle the issue of Bonds and other Public Funds of the Chin
and abroad.
Manager. Government bath at home
AMERICAN EXPRESS COMPANY, INC.
-Head Quee: 65, Broadway, New York.
Manager.
Capital Surplus Resorves
THE YOKOHAMA SPECIE BANK,
LIMITED.
Established 1880.
Capital (fully paid-up) Yen 100,000,000 Yen 115,000,000 Reserve Fund
Head Offee: YOKOHAMA,
Branches and Agencies at:
Alexandria
Batavia
Berlin
Dombay
Jalcutta
Canton
Changchun
Dairen (Dalny)
Manila Nagasaki Nagoya
Newchwang
New York
Osaka
Poiping Rangoon Fongtian (Mukden) Rio de Janeira
Kamburg
Hankow
Harbin
Hong Kong
Honolula Kai Yuen Karachi
Kobe
London
Los Angeles
Lyona
San Francisco *Seattle
Semarang Shanghai Shimonoseki Singapore Soerabaga Sydney Tientsin Tokyo Tsingtan
Interest allowed on Current Ac. counts.
+1
Deposits received" for fixed periods
‚atʻrates, to be obtained on application.
* H. MORI
Manager.
Hong Kong, 11th April, 1981,
دامدارا
Berlin
U.S.$0,000,000 U.S.31,572.454 .U.S.$1,908.209
BRANCHES:-
Amerdam Autwerp
04.0
Qingow
Saple
Achats
Царица
Hamburg [www
Pirious Para L'abang
Interlaken -
Jerusalem Lida Londoa
Taking Falando
zrite
Bambar
Bearing Bemmalt
Buat Airsa Liverpool
Cara Calonats
Colombo Constantinople
Соравиация Edinburgh Floresce Cate
Lucirty Lugog Luzar
Marallin
Moate Verla
Manita
Munich Housewuz
Allan
Bo:terdam Has
Sumbout
العظام السدات :
Southampton Bingapore St. Moris
Tintain
Viera
FOS
Yokohama Zurich
Brunchea 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
The Company offers to intending Travelers the use of its "Trizvalers Cheques" and "Letters of Credit and, In addition, the world-wide services of Its thoroughly equipped, Travel Des partment.
Affiliated with
Manager.
SHOU J. CHEN,
Hong Kong, 5th March, 1931.
THE BANK OF CANTON; LTD. Established 1912.
Head Office: Hong Kong.
Authorised Cipital" (H.M. Currency) $11,000,000 Pald-Up Capital prot Boers Food
BILANCHES-
0,555,000 1,200,000
Canton,Shanghai, Bankaw, Bangkok, New York and Ban Franola
15
CORRESPONDENTO
DANKERS-
dayd's Dank, Limited
Je all principal clilos of the World Tr
Porsign change and baking boss of *rary description transected.
Bala Depali Bozsa (raziosa, vizes) al a zisily matal al from $5 to $10.
LOOK POONG, SHAN,
Chief Manager.
HEAD OFFICE:-Taipeh, Formosa.
Incorporated by Special Imperial.
Charter, 1899.
As regarde workmen's compensa- tion, there is a general tendency throughout the world to increase the measure of compensation payable to employees, and it is extremely dif foult at the outset of each new variation In legislation to assess rates of premium on such a basis as will be fair to the insured and A Karenko Keduar produce a reasonable profit for the Makomaza, Shochiku, Taloha, Taloa Takso, Tati, Town, Halie, Tulio,
company. The premium income on Aunor, Fock, this class of insurance, being based OTHERS :==Kang, Kong Singaporn Souabay upon the wages expended, is directly
Centre Back in Formions. Bank-Nosen wanted Average amount. Yen. 15,000,000 BRANCHES AND AGENCIES, JAPAN :—TOKYO, Yokohami, Kobe, Ovala. FORKOBA 1-
CHINA-Bhara, Hankow,
Bestow, Onion,
Bemerang Batavia Bombay. Loudou, Xuw York Daire,
BONDON BANKERS İ
Calcutta
The London County Wetsimise and Fair'e Bank. The Bank has Corpondente fu all the principal
Comamarelal Oextree throughout; the world.
Manage.
E. NAGURA.
& Dan Vous Road Central Hong Kong, 191⁄2 Takstary. 2890,0
THE CHASE NATIONAL: BANK HONG KONG BRANCH
Over 6$2,500,000,090
Resources
HDENSON, General Manager.
THE BANK OF EAST ASIA, LTD.
Established 1918)
HEAD OFFICE,
~ 10, Des Voeux Road, Central;
Capital and Surplus Tota
HONG KONG
www.over H.$ 8,000,000.007 **Rover H580,000,000.00' ription of Banking and Exchange business
Deposit Accounts in local and for
affected by industrial conditions. With the prevailing depression, the adverse effect was very noticeable in the past year, and there is no indication that 1981 will show any improvement.
From the accident account there has been transferred to profit and loss the sum of £70,000, Although, owing to the adverse factors to which I have referred, the revenue account of the Accident Department shows only a profit of £870, we felt Justified in taking the sum of ARE INVITED TO INSPECT OUR #70,000 to profit and loss in view of
STOOK OF
YOU
ASIATIC FOREIGN AND COLONIAL
POSTAGE STAMPS
IN SETS SINGLE PACKETS, BAGS AND IN APPROVAL
GRACA & CO.,
Stampi
the generous fund by which the ac counts buttressed. This transfer leaves the fund at £5,824,608, being 67.27 per cent of the premiums as compared with 67,74 in the previous year
Life Department Achievement.
These
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 finost Virginian-cigarettes made. A good friend-an honest smoke there's no sweeter tobacco comes from Virgiula and no beiter brand than the THREE CASTLES
THREE CASTLES
CIGARETTES
S FOR FIFTY YEARS