THE CHINA MAIL.
BANK S
HONG KONG AND SHANGHAI BANKING CORPORATION.
$20,000,000
Tarved and Pully. Paldres "amumas 1:30,308,800 Mera Pode-
Sharing... £ 4,305,035
Messern. Täučiky, of- Proprisioen, um $30,360,948
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINÀ. Incorporated by Royal Charter, 1858. HEAD OFFICE: LONDON. Paid-up Capital
THE HO
HONG BANK, LTD.
(Established 1917.)
HEAD OFFICE:-SINGAPORE, Hong Kong Branch: 13, Quem's Bd. C.
Authorized Capital Stratte $20,000,000 Issued Capital Paid-up Capital
#tikerland Öspilal Yeme
#leg a
$10,000,000
HEAD OPPICE; HONG KONO,
Reserve Fund
.£3,000,000 .£4,000,000
Roservo Liability of Pro-
prietors
:£9,000,000 Reserve
Liabilities
Agencies and Branchen:
of Shareholders Burplus
AMRITSAR
KUALA LUMPUR
KUCHING
MADBAS
MANILA
MEDAN
BOARD OF DIAKÓTOBS »—– Họn, Mɛ, 0, 0. 8. 'Mackie, Chairman,
Hon. Mr. J. J. Externou, Deputy Chairman.
Hon. Mr. 4. H. Dai, T. E. Pouros, Bog L., Compton, Lag. J. A. Pixsonar, Zaq.
29. Landse Lowia, Esq. T. II. 2. Shaw, Boy,
#. Miskin, Esq.
J. P. Warren, Kos.
Crial Manager.
7. M. Grayburn, en
BRANCHES :
LONDO
KLOR STAR
(Malay Ulaice!
BANGKOK BATAVIA BOMBAY CALOUITA DANTON CAWNPORN OBAU.. COLOMBO
DAIREN day
Minshasa)
ΠΑΤΡΙΟΝΟ
NEW YORK
. PEKING
PERANO RANGDON SAIGON
ΑΜΟΣ
DANGKOR
·BATAVIA
BONBAT
CALCUTTA
LIONS
MALAGOA
MANILA
MUAB (Toba)
CANTON
MUKDEN
CHEFOO
NEW YORK
COLORI
FEPING
DAIBEN PoccHow
· KAIPHONG
CAKUURO HANKOW
EARNIN
PENANG
ILANGGON
BAN FRANCISC»
SALOON
BILANQUA
SINGAPURS
HONOREW
HOURADA YA
ILULU
SUNDEI PATANI TIKHINIK
TOKYO
PUU
JUHORK
KUBE
KOWLOON
KUALA LUMPUR
ТВМОГАЙ YOKOHAMA
Current Ancunts opened in Lomal Curenc
Find Depostis tuosivad toe oon' year or shorter pecíode in Local Quercy and Überling win wins which will be quoted on applosion. Hong Kong, with Malwuary, 1981.
HONG KONG SAVINGS BANK.
The Buslim of tha abora Bach is conduct ed by the HONG KONG AND SHANGHA BANEINO CORPORATION. Bules moy be bisiced "PONOFOND AND SHANGHAT
FOR THE BANKING OORPORATION.
V. M. OBAYBURN,
Hong Kong, 10th July, 1986.
Ohlal Manager.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
95. Boulevard Haussmann, Paris.
Subscribed Capital .Frs. 72,000,000.00 Paid-Up Capital...Fra. 68,400,000,00 Reserve Funds ..... Frs.102,000,000.00 BRANCHES: Bangkok Hong Kong Quinhos Battambang Tue
Saigon
Singapore
Gunthe Mengtze Shanghai Canton Nam
Dinh Djibouti Numes Thành Fort-Bayard Fapeete Fontain Haiphong Peking Tourane Hankow
Pnom Penh Vinh Pondichery Yunnanțu BANKERS:
Hanoi
IN FRANCE: Comptole National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industrial et Commercial; So- eise Generale.
IN LONDON: The National Provia- C& Union Bank of England, Lid; Comptoir National d'Escompte de Para: Credit Lyonnais.
IN NEW YORK: J. P. Morgan & Ca., French American Banking Cor poration; Guaranty Trust Co. of New Fock.
[atozist allowed on Current · Ac- counts and Fixed Deposits according to, arrangementa,
Every description of Banking and Exchange Business transacted. Safe Deposit Boxes to let
A. BONNAUD,
HAMDUBO
HANKOW
DARBIN
(H. Manskarls}
HÒNG XIN
ТРОН
ΠΟΠΟ
IARIOHT
FLANG
TOBE
KUALA KANOBAR
[P.M.B.)
SEMARING
BEKKMDAN
BHANDHAI
HINDANONE
BITIAWAN
BOURABATA
TAIPING : (F.M.B.)
TONGEAH (Bhukai)
YOKOHAMA
ZAMBOANGA
"TAVOY
TIENTBIN
TOKYO
TSINGTAO
(klilypine islande)
General
Foreign Exchange and Banking business transacted.
Current Accounts opened and Fix- ed Deposit received for 1 year or shorter periode at rates which will be quoted on application.
J. STUART,
"Acting Manager. Hong Kong, 28th May, 1981.
THE NATIONAL- CITY BANK
OF NEW YORK.
HEAD OFFICE: 65, Wall Street, New York.
Capital, Surplus and
Undivided Profts.U.S.$226,087,392
-Branches in
ARGENTINE LONDON
BELGIUM
BRAZIL
CHILE
MEXICO
PANAMA
PERU
PHILIPPINE
ISLANDS
STRAITS
CHINA
COLOMBIA QUBA
PORTO RICO
DOMINICAN
REPUBLIC
INDIA
ITALY
JAPAN
SETTLEMENTS URUGUAY
VENEZUELA
Commercial and Travellers' Lettera of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfers Current accounta bought and sold. and Savings Bank accounts opened and Fixed Deposits in local and for- eign currencies taken at rates that may be ascertained on application to the Bank.
8,000,000
4,000,000
4,000,000 2,520,000
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.
(KETHERLANDS TRADING (OCIETY),
DANCERS.
Commerce and
Finance
SHARE MARKET.
Weekly Reports by Brokers.
G. A. HARRIMAN.
has
SATURDAY, JULY 11, 1931.
FINANCIAL WISDOM
Investment of Small Savings.
Sir Spencer Portal, chairman;
CHURCHES
A CHARGE OF ONE DOLLAR 18 MADE FOR ALL NOTICES UNDER THIS. HEADING
ST. JOHN'S CATHEDRAL, HONG KONG.
...
July 12, 6th Sunday After Trinity.
Holy Communion, 8 a.m. Holy Communion (Peak Church),
Banka: Hong Kong Banks have advanced to $2,030 buyers but Trustce Savings Bank Association: skaras are not easy to obtain.-One reads in the papers of Bank of East Asia continue in de-people of small means who have mand at $128.50.
lost their savings through sending Insurances:-China Underwriters. were done at $5.55 with further them for investment to Arms&a.m. buyers at $5.50 and sollers at $6.60. which have subsequently failed, Union Insurances came to business How many people know that Gov- at $652/556 and there are further ernment stock could be bought buyers at the latter rate. Canton
Children's Service, 10 a.m. Matius and Sermon, 11 a.m. Freacher: Rev, H. V. Koop. Evensong, 6 p.m. Proacher: Rev. N. V. Halward.
UNION CHURCH.
Kennedy Road, Hong Kong.
Sunday, July 12, 1931.
Morning Service, 11 a.m.
Insurances and Hong Kong Fires safely, cheaply and conveniently Hong Kong, July, 11.
through a trustee savings bank? Mr. G. A. Harriman's Weekly are neglected.
-have Shipping: Steamboats
Mr. Charles V. Sale, chairman, Report and Market Review days buyers at $25.25 and Union Water- Amalgamated Metal Corporation, A slightly armer tendency pre- boats at $28.50. Douglases are Lid:Science is bringing the dominated during the beginning of neglected.
'nations' into closer contact, and t the week under review and com- Mining:-Benguets are wanted is being made plain to us that the paratively speaking trading has at $9.50. Venezuela Goldfields are prosperity of each is dependent been on a more generous scale than inquired for at $2,75 with sellers upon the equal prosperity of all. its predecessor, but for the most asking $3.00. Raubs are nominal Sir William Goschen, Suz Insur- part steadiness
prevalled at $84.00.
vice. 'ance Office:-There has been no. throughout except perhaps in the Lands, Hotels and Buildings:- improvement in conditions, and Gliders speculative section where Cements, Hong Kong Hotels changed hands the world economic crisis has be-
Hotels, and Realites, were weaker at $16.40 down to $16.25, with fur- come even more acute.
The ox Guildere 4100
(28,804,000) on balance. The Investment section ther buyers at $16.20 and sellers at treme gravity of the position is, held moet command with HK, Landa, $16.80 for Old shares, New shares however, now more generally re- and Trams in renewed favour, and were done at $16.80. Hong Kong cognised, and that circumstance Sterling counters were better with Lands after touching $91.00 at may perhaps afford some ground more enquiries for Bauks at $2,035 which rate business was done have for hope that remedial action may and Union at $555 · owing to the improved to $92,75 buyers, trana be taken. In the not too distant slightly easter tendency of Ex actions taking place at $98.00. future. change.
· Establinked 1884.
Wing Kong Món (e=II, Quiet's Road, OstwAL
Authorved Capital smem Bulldara 180,000,000- Fold-Up Capital Basers Faad
($13,500,000.)
Hand Útion AMSTERDAM” Eastern Hood OMes—BATAVIA, BRANOBES - Bandjarmamala, Bandosna", "Bombay,
Caloutin, Charbon, Bamba, Dj Jakarta®, The Hague, Jeddah. Köbe
Lote-Badia, Maya, Mada, Padang Palembang. Pakalongan
Pontissa Bangoen, Rollerdam Bamarang,
(Burstra), Bingapocs, our Boerakaria (Bok), Tegal, Tiliafsy sal Walleyreden,
T'es for a depoets bores to let
„London_Bankers >>-Naidoual Provindal Bank Lad,
· Correspondents all over, the world Banking basina di army ¿scription tractad.
A. ETOEKINK,"
Hong Kong, 19th Asgual. 1900.
Малацит
THE BANK OF CHINA.
行銀國
Reorganisad October 26, 1928, under special charter of The National Gov
INTERNATIONAL EXCHANGE
ernment as en
BANK.
HEAD OFFICE: SHANGHAL
HONG KONG, BRANCH:
4, Queen's Road Central.
Although the tendency of Hong Kong Realtys after réaching Lord Bearsted, chairman, Vene- the market appeared to be firm on $18.00 have weakened alightly and zuelan Oil Concessions, Ltd.-At the surface, the undertone again are now sellers at $14.80 and the beginning of 1929 a more or pointed to easfness towards the buyers at $14.65. Humphreys are less temporary and rather Infórmal latter part of the week when nearty neglected.
agreement was concluded between all counters could be obtained on Cotton Mills:-Ewo Cottons have the largest producing companica in enquiry. The only saving feature been a strong market the last few Venezuela, which has had the of the week was Ewis which in daya, business being done up to effect of stabilising the production variably come into favour when local Taels 14.40 cash and Taels 14.50 of vil. stocks go quist and these shares July settlement local delivery. At Professor K. Neville Moss, Mines afforded the principal turnover of the time of writing the market ap- Department, Birmingham Univer- a rather moderate week's.trading. paars slightly casier.
city: Modern-legislative tendency Except for the renewed demand for Cottons the market has again lapsed into a quietly easy tendency at the close with the majority of stocks offering fairly freely, at quotations.
Evening Service, 6 p.m. Preacher: The Rev. E. G. Powell. Social Hour after Evening Ser
.. Sunday School: Kennedy Road, 10a.m.
WANCHAI WESLEYAN METHODIST CHURCH,
י.
Opposita Royal Naval Hospital,
Queen's Road E. ·
Sunday, July 12, 1931. Morning Service, 10.15 a.m. Evening Service, 6 pm. Preacher at both Service:-Rev. Donald B. Childs.
At the Sailors' & Soldiers' Home, 22, Hennessy Road, Wanchai.
8.15 pm. Service Men's Hour. Speakers: Rev. Rudland Showell, B.Sc, and Rev. Donald B. Childs. A Hearty Welcome la Extended to All..
FIRST CHURCH OF CHRIST. SCIENTIST.
Branch of The Mother Church. The First Church of Christ, Scien. tist, In Boston, Masa, USA).
Macdonnell - Road. below Bowen Road Tram Station. Sunday Service, July 12, 1931,
11:15 a.m.
Sunday morning at 10 o'clock.
5.90 o'clock.
·
Subject: "Sacrament.” The Sunday School is held on
Wednesday Evening Meeting at
Reading Room at above address, open
Tuesday and Friday 10 am to
Monday and Thursday 5.20 to 7
Docks, Wharves and Godowns:- le towards giving assistance to the Kowloon Wharves have buyers at uneconomic pita at the expense of $164. China Providents' Old shares the better ones, which might be are wanted at $6.80 with sellers in the immediate interests of the asking 5 cents more. Kowloon miners as a class, but in the long Docks can be placed at $30. run was against the interests of Banke: Small business in H.K.
Public Utilities:-Hong Kong the nation and the miners also. Subscribed Capital $25,000,000.00 & Shanghal Banks was recorded at Trams were done at $211⁄44/211⁄2 and Mr. W. E. R. Innes, chairman, Paid-up Capital .......$24,710,200.00 $2,010/20 closing in demand at have further buyers at $21.40, City of London Real Property Co., Reserve Funds ......$ 8,820,503.32 $2,085. Bank of East Asiae con- Star Ferries can be obtained at Ltd.:-We are suffering from '@ tinued in request at $120 without $96.00. China Lights have fallen surfeit of legislation, and a great attracting sellers.
away to $25.60 buyers with sellers part of many business people's Insurances--Both Canton Fires at $25.00. Hong Kong Electrics time is now taken up more, in try: and Hong Kong Fires continued after a quiet period have Improved ing to save as much as they can quiet, Unions were realised at to $81 buyers, shares having from the effects of new claima in- $550/55 and were still in demand at changed hands at $81/81%. Hong stead of in trying to improve their Owing to our numerous branches in the former figure. We are also able to offer our Cus
China Under Kong Telephones are neglected. business. tomers the services of the Branches China and large connections in the im-writers had buyers at $5.55 after
Miscellaneous: Cements have Mr. H. A. Vernet, chairman, In- of the International Banking Corpora portant commercial centres of the
been quiet with sellers at $19.75 vestment Trust Corporation, Ltd.: tion in San Francisco and Spain and world, we are able to extend to our sales at this rato. also of The National City Bank of clients special facilities for domestic Shipping:-Douglases were still but buyers will not pay more than-The fallure of business in the Now York (France), 9.A., in Paris and foreign banking and exchanges. featureless. Steamboats re$19.50. Hong Kong Ropes have United States to show any appre and Nice.
We also handle the issue of Bonds mained firm with buyers offering been done at $212 to $23 and there ciable change for the better is P.m. F. McD. COURTNEY, and other Public Fands of the Chin $25.40. Union Waterboats were are now further sellers at $22.25, affecting the whole of the world."
Manager, ose Government both at home and
abroad.
Dairy Farms have been more. or Mr. Erik Nylander, managing less neglected. Hong Kong Amuse- director, General Export Associa mente "A" shares have buyers at tion of Sweden: The necessity to $22.00 and "B" shares at $21.75, pay high wages has compelled Building permits issued in Saska- Constructions are nominal at $9.30. Swedish manufacturers to spend toon for the year to date total Lane Crawforde are again inquired large sums of money and much $1,028,410, according to figures for at $8.25. Watsons have buyers
effort OF a very far-reaching issued by H. Mel. Weir, city build- at $16.00.
rationalisation programme and for ing inspector. Approximately 50 Rate of Exchange:The TT.bringing their factories up to a dwellings are under construction In Rate on London is 1-% and on high pitch to technical efficiency. the city. Shanghai 79.
Hong Kong, June 16, 1981.
THE
AMERICAN EXPRESS COMPANY,
- INC.
Head Offee: 65. Broadway, New York,
Manager,
Hong Kong, 1st May, 1981.
Capital Surplus Beserves
THE YOKOHAMA SPECIE BANK,
LIMITED.
Established 1890.
Capital (fully påld-up) Yen 100,000,000 Eeserve Fund
Yen 115,000,000
Head Office:-YOKOHAMA.:
Branches and Agencies at:
Mapila Nagasaki
Alexandria
Batavin
Berlia
-Bombay Calcutta
Canton
Changchan
Nagoya
Newchwang
New York
Osaka
Pelping
Dairen. (Dalny} Rangoon
Fengtian (Mukden) Rio de Janeiro
Hamburg
Hankow Herbla
Kong
Kai Yuen
Karachi
Kobe
London
Los Angeles
Lyons
San Francisco
Seattle
Semarang
Shanghal Shimono all
Singapore
Boarabaya
Bydney
Tientsin
Tokyo Tsingtan
Interest allowed on Current Ac Tenants” (saunat
.U.S.$5,000,000 .U.S.$1,572,454 .U.9.$1,008,209
BRANCHES--
Amatordam
Later Athens
Berlin
Bocabay
Brusela Busan Lire Cairo
Он Guzow HAVANA Hamburg Havre Exclation Jerusale Lido Look Liverpool Linosa
Naples
Pirazza
Farla Faking
Sapang
Palermo
BotterLaca Boe
Lugina
Colombe
Lase Masini Continople Monte Carlo
Goyenhagen
Esburgh
Florados
Manila.. Munich
Metros. Milan
Bambol
Shaczka! desshampoos
Singapore
84. Mor
Урасле
- Semion
Yokobane
Manager.
SHOU J. CHEN,
Hong Kong, 5th March, 1981.
unchanged with enquiries at $28.50.
Mining:Raubs receded a great deal with shares offering at $36.
Docks, Wharves and Godowns: H.E. & Kowloon Wharves changed THE BANK OF CANTON, LTD. hands at $164 and there were fur
|ther buyers at this figure. Pro- vidents (old) were very firm at $5.80 and $6 for September.
Established 1912.
..:
Head Office: Hong Kong.
Authorised Capital ·(H.L. Currenaz) $11,000,000 Pald-Up Capital
8,880,800 Besarts and stake it into some 1,100,000 BRANCHES |--
Canton, Bhangial, Bankow,
Hotels and Real Estate:-H.K. & Shanghai Hotels weakened slightly with buyers offering only $15 for the old shares and $15.75 for the new, H.K. Lands advanced to
Bangkok, New York and San Francisco. 302.50 cash and $93 for July Set
CORRESPONDEN78
LONDON BANKERS 1----
The Lloyd's Bank, Limited
la ali principal attinget iha World
Fordlen szobangs and banking, businams of
eracy Emoription transacted,
Bain Deposis: Boss (relom alam; at a zászly rental of From 15 to $48.
LOOK-POONG SHAN,
Chief Manager.
tlement, but were offering slight- ly under these rates at the close. Humphreys foll" away to $19.75 without attracting buyers. Real- ties were
on the easy' aide and were wanted at $14.80 cash and $14.65 July, with business done ať $15.10 September
Cotton Mills: Ewos attracted a
Forward Settlement Days:-28th July, 25th August and 28th Sep- tember, 1981
MR. EDISON MAKES RUBBER.
Product Of Lengthy Research
Completing his annual Winter vacation at his estate
near Fort Myers, Mr. Thomas Alva Edison,
THE BANK OF TAIWAN, LID. great deal of attention and there world-famed Inventive wizard, an-
(TAIWAN GINKO;) GARA
HEAD OFFICE: Talpeb, Formois.
از یاد
was quite a large turnover at ris-nounced that he has been succesá- Ing rates. They were done as high ful in vulcanizing rubber of the as $14.40 Cash and $14.90 for Sep-synthetic variety make from golden
rod." tember, the market closing quite
Many believe that ВСОП firm at these rates.
Public Utilities Trame Improv. Edison will start the production All classes of Commercial Banking Rack.oles and regen.,000,000 ed slightly and were negotiated at of synthetic rubber on a commercial Transactions undertakes.
Branches of American · Express Company in Principal cities of Unit- editates of America and Canada.
Personal investment
handled.
Incorporated by Special Imperial
*** Charter* 1899.*
Castral Bank la Formosa
PHANÓHIES AND AGENCIES:
JAPAN :—Tokyo - Yokohama, Kobe, Deskad
821/21.50 with further buyers at scale. accounts FORMOSA palean, Kag, Kero Kalang, the latter figure. Star Ferries
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
“Tamoul – Zam; (falto, Saito, Pat
CHINA Bbanghely
London; » How Losky · Balzan,
Mr.
For many years Mr. Edison Yang Mai, Bhlasilos. Tales, Zaloes, wore in offer at $95. China Lights has been working on his ex- Amoy, Foochow could be placed at $26:80. H.K.periments for the manufacture of OTHERS Logo Bagepors, Borsbaye, Electrics were sought for at $814 artifical rubber. Several months Secara alamia Hombay Cake with sales reported at $82. Tele- age he announced that he had made
LONDON BANKERS
phones (partly paid) were obtain good rubber from the golden rod. The London County Wales and Parr's Bakable at $88. det
He predicted that his synthetic rub- The Bank has Correspondents in all the princ
pado Miscellaneous: Cementber would make it no longer neces- Coral Centre Carought the world.
(comb.) fluctuated between $19 Bary for the United States to depend › KASNAGURAL
and $19.80, the market closing upon tropical countries for its raw HONG KONG. BRANCHT
stendy at the former rate. Ropes rubber supply, Aturlari qat di advanced to $284, but the demand Mr. Edison is now en route to his has since eased off to $222. laboratories at East Orange, New Dairy Farms were on offer at: $50 Jersey.
DeVoe
Deposits received for fixed periods THE CHASE NATIONAL BANK Bord Central
at rates to be obtained on application.
DOH, MORL
at Manager.
Hong Kong, 11th April, 1981
Resources..Over G$2,500,000,000
C. H. BENSON
General Manager.
THE BANK OF EAST ASIA, LTD.
Established 1918
HEAD OFFICE:
10, Des Voeux Road, Central,
Capital and Buy Total
HONG KONG SUZU
THE MERCANTILE BANK OF
VEINDIA LTD 934
15, Gracechnada: Break,-Iraidon, 8.0.1.
Authorised Capital.ro,£3,000,000
Subscribed Capital Paid-up Capita pava Roberve. «Find-and-Hest 1,6886,845
1,800,000
The Bank of Sazanë Midland Bank, Kadi
at the opening, but buyers pường
dominated at the close at $30 Plans for construction of another Watsonk were in demand at $18. | hydro-electric power station on the Lane Crawfords were, sought for Kootenay river in south-onstern at $8.20. and Sinceres at $154. British Columbia became known Forward Settlement DaysJuly when, the West Kootenay Power and 28" "August 25, and September 28. Light Co. Ltd. - recently made formal application to the Govren- ment of British Columbia for its fifth power – alte on that stream. The Kootenay is rapidly becoming
CARROLL BROS.
- Hong Kong, July 10.
Since our last issue there has one of the most intensively develop-
ed power streams in the whole of shares have Canada
the good
light of the ora have
Represe
tives of Japanese buy. sh: Columbia -(Angóra oria' negotiating
12 Noo
The Pubiles cordially invited to attend the service and visit the Reading, Room
NOW ON
SALE
The
CHINA YEAR BOOK
1931
EDITED BY'
H. G. W. WOODHEAD, O.B.E.
"A Mentor Superb... It is not an exaggeration to say that the "China Year Book" Is one of the most remarkable produc tions of its kind in the worldz va No-one who pretends to desire to discuss or study affairs in China can afford to "de" with- out this book."-North-China Daily Newa
The
"China Year, Hook" as it is presented to-day, is a volume that no newspaper, commercial, government, ́in fact any office
can do without." China Press."
"There is no single work containing such a mass of varied and most wiefal information on things Chinese as the "China Year Book Similar publications exist in many other countries, but few can compare with, and none excels, the latest issue of this work Finance & Commerce.
On Sale at
Messrs. Kelly & Walsh, Ltd.,
Chater Road, HONG KONG
Commercial
and
beent
of fur
PRICE $20.00 net.