BANKS
·HONG KONG AND SHANGHAI BANKING CORPORATION.
Baskociand Ospital m
Esonel and Fully Fallap al 838,900,000 Superma Panda 1--
£6,500,0
10,365,
ang
Weserve Lalde af Proprietáru ........ 139,100,000
&ELD TPGE. HỒNG LONG.
BOARD OF DIRECTORS :— Hon. Mr. D. G. 8. Mackia. Chairman.
Hon. Mr. J. 3. Palaisas, Deputy Obaleman.
Men, Mr. • . Ball, T. E. Paro, B
a. 1, Curapion, Eng. 3. A. Plumnow, Bag.
Lanier Laxle, Esq. T. 1. B. thaw, Joy.
☺. Makle, Zaq.
ANOT
BANGKUS
WATAVIA
BOMBAY
7. P. Waos. Mag.
Chiat Manager.
F. M. Graybars, -4.
VJALOUTTA
EAXTON GIEFOO CALAMBO
BRANCHES (→
LONDON
'LYONS
MALADOK
MANILA
NUAR (Jokorat,
MURDEN
NEW YORK
PEIPINO
DAIREN
OCHOW
BASODON
KALPHONU
SAIGON
SAMBUNG
HAN PRANZON
KANROW
MANGU
HARDIN
PINGAPORE
HONGNEW
CLOILO
POD
YOUORE
EDBX
KOWLOON
KUALA LUMPUR
PENANG
SQGBARĄTA BUNGEI PATANI TIENTSAN
* TOKYO
-THINGTAO
YOKOHAMA
Burnt route opened toolTM Durney and Fixed Deposite resnited kur one your shorter periods in Loval Curray and isaling terms, which will be quoted on appliemilan. Blog Kong, se abruary, 1991.
HONG KONG SAVINGS BANK.
The Benicious of the above Bank Le sandust." ad the 15ONG KONG AND SHANGHAI BANKING CORPORATION. Balee may be
abised KONG AND BHANGHAI
FOR THE BANKING CORPORATION,
V. M, ORAYBURN,
Beng Kong, 10th July, 1930.
Chief Manso,
THE BANK OF CHINA. 行銀 ̇國 ir
Reorganized October 26, 1928, under
special charter of The National Gov- ernment as an
INTERNATIONAL EXCHANGE
BANK
Subscribed Capital....$25,000,000.00 Paid-Up Capital .......$24,710,200.00 Reserve Funds
..$3,820,509.82
HEAD OFFICE: SHANGHAL...
HONG KONG BRANCH:
4, Queen's Road Central
Owing to our numerous branches in Chlas and large connections in the im- portant commercial centres of the world, we are able to extend to our cleats spécial facilities for domestic and foreign banking and exchanges.
We also handle the issue of Bonds and other Public Funds of the Chin ese-Government both at home and abroad.
SHOU J. CHEN,
Manager.
Hong Kong, 6th March, 1991.
THE BANK OF CANTON, LTD. Established 1912.
Head Office:-Hong Kong.
Asuncion Captial [8.K. Curranay} $11,000,000
Fond amende
BEANORES
8,065,000 1,300,000
Canton, banghal, Raskew, Bwalow, Bangkok, New York and Han" Pennoison.
CORBESPONDENTS
LONDON BANKSES ---
The Edoyd's Bank, Lint bod
In all pelwcipal cities of the World.
Shiga exchange and banking business of
smary description Tennenciad.
Be Depot Bazen (vialous aluse) si a pourly
LODE PHONG PHAN,
Chief Manager.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON.. Paid-up Capital
£3,000,000
Reserve Fund
.£4,000,000
Reserve Liability of Pro-
prietora
.£3,000,000
Agencies and Branches:
ALOR STALL
KUALA LUMPUTA
(Kulay Bialog}
KUCHIKU
AMRITSAR
BANUKOK
MADRAS
MANILA
MEDAN
BATAVIA BOMBAY
DALOUTTA VANTON CAWKFORK
CEBU
COLOMDO
DAIBEN. (Delay
Bouth Manoharia)
HAMBURG
(N. Manshuśta
DELAI
HAIPHONG
HANKOW
HARDIN
BONG SONG
ILOILO
KARACHI
KLANO
KODE
(Perak F.M.B.)
IPON
KUALA KANGBAN
NEW YORK
PEEING
TEANGOON
SEMARANG
THE HO HONG BANK, LTD.
(Established 1917.)
THE CHINA
MAIL.
Commerce
Finance
and
HEAD OFFICE:~SINGAPORE. Hong Kong Branch: 13, Queen's Rd. C.
Authorised Capital Straits $20,000,000 Issued Capital Paid-up Capital
Reservo Liabilities
of Shareholders. Surplus
9,000,000 4,000,000
.4,000,000 2,687,000
Branches, Agencies and Correspon denta in the principal cities of the world.
Every description" of Banking and Exchange business transactovi.
TAN ENG HOOI,
Manager.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
96. Boulevard Haussmann, Parla.
Subscribed Capital Frs. 72,000,000.00 Pald-Up Capital...Fra. 68,400,000.00 Reserve Funds ....Frs.102,000,000.00
PENANG
SALOON
HEBENDAN
SHANGHAI
SINGAPORE
SITIAWAN
SOUBABAYA
TAIPING (P.MA-
TAVO
TIENTSIN
TONGKAH (Bbukai)
TBINGIAO
(Philipple finder
General
Haiphong
Backow Hapal
TOKYO
YOROBAMA
ZAMBOANGA
Foreign Exchange and
Banking business transacted.
Current Accounts opened and Fix-
ed Deposita received for 1 year or which will shorter periode at rates be quoted an application,
J. STUART,
Hong Kong, 28th May, 1931.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING Booler
METAL MARKETS.
Some Irregularity in
Mail Week.
Messrs. Rudolf Wolff & Co. re- port on July 17:
Markets have displayed some, Ir- regularity, but having in view all the depressing circumstances of the European situation, reasonably stable conditions have obtained, and prices at the close show little material change as compared with those ruting a week ago.
Turnover for the week 2,100 tons.
*
*
*
Spelter has been irregular, bat the market, recovering to-day after previous weakness, closes 7/6d. higher as compared with prices)
a week ago. The firmer' ruling undertone of this market must be ascribed to the Influence of the Cartel recently re-established, add- ed to which it was becoming in- creasingly recognised that the position of this metal was improv ing on its own merits, for curtail- ment of output had been proceed.. ing for some months. so that apart from the effect of organised the situation Was Busi-
BRANCHES: Запской
restriction, Hong Kong Quinhen
Saigon Battambang. Hue Cautio Mengtze Shanghai Danton Nam-Dinh Singapore
Numea Djibouti
Thành
Tiontain Fort-Bayard Fapecte
Tourand Pnom-Penk Vinh
Peklog
Pondichery Yuznánfa BANKERS:
Sanque de Paris et
-wce Generale.
TUESDAY, AUGUST 11, 1931.
KAIPING COAL
FOR HOME, FACTORY & POWER HOUSE.
NOME,
FACTORY
"AND
BUNKERS
|-
For Price Apply to
POWER
HOUSE,
TUGS &
LOCOS
THE KAILAN MINING ADMINISTRATION. DODWELL & CO., LTD., Agents, Hong Kong.
CEMENT FIRMS MERGE.
Famous for wheat, butter and honey, Manitoba is also becoming á gold producer of considerable im portance, the present output being estimated at the rate of $2,500,000 This is substantial annually.
Tin has been irregular and on the whole rather easier, the price at to-day's close showing a small gradually adjusting. Itself. deeline of 22/6d. as compared with neas with consumers, however, re- our last report. Sules in the East mains regrettably dull. and of during the week have amounted to course the financial situation on 1.220 tons; shipments thence for the Continent has not improved
The merger of the Nippon Port the first fortnight were 3,234 tons, matters in this respect, but there. and for the month are still eatim has been no pressure to sell; on land Cement Company. capitaliged
Premiums on the contrary, the market has en at Y.10,000,000, of which Y.5,687 IN FRANCE: Comptoir Nation: ated at 6.500 tons.. l'Escompte de Paris; Credit Lyonnais; Straits and Banka Tin are quoted joyed a fair measure of support in 500 is paid up, and the, Tasa Port- increase over production in pre- and £4 respectively. anticipation of prices moving to a land Cement Company, capitalised vious years. Manitoba's gold out- £1.5.0 des Pays-Bas; at Acting Manager. Credi: Industrial et Commercial; So-Business with consumers has been higher level when the general out at Y.10,000,000 of which Y.6,400,000 put by months for the present year is paid up, has been decided. The is a follows: January, 10,638; a ratio of 30.5 February, 9,238; IN LONDON: The Nations! Provin. dull both in this country and on look improves.
The market in America remains merger involves
'March, 7,785'; & Union Bank of England, Ltd.; the Continent, and the same. ap-
shares of "Nippon Cement to 100 April, 8,267 ounces. stendy, without any Comptoir National d'Escompte da plies to America, buyers having quietly Pac-Credit Lyonnais
displayed-extreme-caution, no material change in the situation shares of Tosa Cement. Japanese cement circles will be divided- IN NEW YORK: J. P. Morgan & doubt, in view of the general un- there having been reported. Co., French American Banking Gor-
Options: Double £1.10.0; Single among the Mitsui, Mitsubishi and poration; Guaranty Trust Co. of Newaettlement prevailing throughout
Asano interests. Nippon Cement York.
the week. The market has at 15/-.
Turnover for the week 3,850 tons.
is closely associated with Asano times displayed some nervousness,
Cement and its directors are those and prices have fluctuated very readily according to the impulse of the moment, but in all the circum- stances it is, a matter for con- gratulation that comparative stabi- lity has obtained and movements have been confined within reason- able limits. The resistance which the market offers at around cur rent levels might be taken to in- dicate that such fall as has taken place from the highest points re- cently touched reflects the adverse features which have overtaken the the stack market have been quite losses. New York stocks as
In Shanghai, the movements of considered collectively, suffered the economic well-being of Shang- Thus it is readily seen that situation, and the firmer undertone different from movements in other fected by the Dow-Jones Indus- the AO.F.C. Average may be re- conveys the impression that, when
This trial average were at a low point garded as a most useful economic the present difficulties are over-important financial centres.
has been brought out by A.O.F.C. in the movement of the average index. come, the market on its own merits
BANKENS
Batallshed 1994.
Hong Kong Offer:--li, Qusu'r Roná Castral. Authorised Ospital Pull-Up Capital -
Baserra Fund
fimildare £10,500,00
(£12,500,000.) Guildere 80,009,804
(6,580,170) „Gulidura” 48,018,000 (OLİNLİK
Dead OleozonAMSTERDAM” Eastern Head QBom:-BATAVIA. BRANCHES - Bandjarmasin, Bandrang", Bomber,
Cala Chiribon, Dieber, Dju Jakarta, The Hagos', Jeddah, Ende, Kota Badja, Maksaar, Medan, Padang Palembang Pekalongan, Penang, Poaliansk, Raspoon Botterdam Camarang Shanghai, Bibobra (Beat), Blogpoes, Sonrabala, Sorakarta (Belo), Togul, TišiniuÝ KOŽ Welterreden,
* These pics kara sain daposts botte to lar London Bankeru 2—Nasimand Provincial Back Lad Correspondents all over the worlik
Banking business of every desorption trapected."
4. STOKKINK,
Hong Kong, Lik Anguas (200.
THE
AMERICAN EXPRESS COMPANY,
INC.
.
Interest allowed. on Current Ac. counts and Fixed Deposits according to Arrangements.'
The gross agricultural revenue of Canada în 1930 Te estimated at $1,240,470,000, which Ontario ac- counted for. $421,242,000; Quebec
All records for gold productión in of the latter concern. It is one $263,286,000; Saskatchewan $175,- Alberta $150,731,000: Canada were broken in 1930 with of the oldest cement companies In 546,000;
British $88,677,000; Every description of Banking and
a total of $43,459,000, an increase Japan but was forced to readjust Manitoba Exchange Business transacted.
of nearly $4,000,000 over 1929, so in 1927, due to financial troubles. Columbia $49,900,000; Nova Scotia Sate Deposit Boxas to let.
was taken $37,828,000; New Brunswick $34,- that Canada has now reached the The whole institution A. BONNAUD,
second over by Asano Cement in that 214,000, and Prince Edward Island position of the world's Kanager.
year.
$19,701,000, largest producer of gold.
Hong Kong, 1st May, 1931.
THE NATIONAL CITY BANK OF NEW YORK.
I
HEAD OFFICE: 55, Wall Street. Now York.
Capital, Surplus and
Undivided Profits..U.S.$226,037,392
Branches in-
ARGENTINE
LONDON
KEXICO
PANAMA PERU PHILIPPINE
ISLANDS
BELGIUM BRAZIL
CHILE
CHINA
COLOMBIA CUBA
PORTO RICO
DOMINICAN-
STRAITS
REPUBLIC
INDIA
URUGUAY
ITALY
JAPAN
A.O.F.C. AVERAGE
FOR SHANGHAI STOCKS SHOWS TREND
re- hai.
the
is in a position, te warrant a return Average which has been compiled at 160.16 on December 29, 1930. Business men and many govern- ta higher prices, for the probability by the American-Oriental Finance On August 1, the average at mental bureaux, as well as of fundamental conditions improv Corporation. The trend of the 185.39 was lower by more than 15 majority of professional people are vitally interested in economic ing under the influence of restricted Shanghai market is clearly shown per cent.
The stability of the Shanghai] conditions at Shanghai. Students output is becoming more generally by the curve setting forth the realised,
movements in the graph publish- market since February is notable..may draw many valuable infer- Options: Double £14; Single £7.
ed below.
This is quite contrary to the ac- ences from the average as it in
other Twenty representative stocks tion of
world Turnover for the week 4,700 tons.
imarkets presented in a graph. make up this average, 80 a prac- which have acted poorly with the The A.O.F.C. average has been Copper opened flat on Monday, tical cross-section of the market exception of the one short spurt compiled by the most simple and since then comparatively is obtained. As movements of in- upward when President Hoover direct method, and as such repre- steady conditions have prevalled | dividual stocks often lead to proposed the postponement of sonta without refinement the move- of Credit, Travellers' Cheques, Bills
It is a curious factment of the Shanghai market. The of Exchange and Cable Transfers and fluctuations have been confin- erroneous impression of the action war, debts. bought and aald. Current accounts ed within reasonable limits, and .U.S.$1,908,200 and Savings Bank accounts opened the market recovering later. from
Head Ofee: 65, Broadway, New York
Capital Surplus Reservas
.U.S.66,000,000 .U.S.$1,572,454
Nice
splas
BRANCHES:-
Ameliedau Lalwork
Grads Clarow
àthous
layire Hamburg ΠΑΡΤΟ fotola
Prisus
Paria
Fanang
FabLog
Barlin Diarrits
Bocobay Breman Drossels Buenos Air
Cairo
Cessn Calonbe Constantinopla Copenhag
Plosco CTO
Lido London Liverpool £62 Lo Les Masalli Sale Parts
منادمان
Svelth
Montreux
Botterdam Bona Mtamboul Shanghai duba
Bibgapore
St. Morita Tientsin
Vienna
Vlog Yokobatze Zurich
Branches of American Express Company in Principal cities of Unit- ed States of America and Canada.
SETTLEMENTS
VENEZUELA
Commercial and Travellers' Letters
but
*
*
*
and Fixed Deposits in local and for the lowest points touched closes eign currencies taken at rates that with little material change as com- 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 Corpors tion in San Francisco and Spain and also of The National City Bank of New York (France), S.A., la Paris and Nice.
The
pared with our last report. weakness in America last Satur- day, when the price of Electrolytic was lowered to 8.25 cents c.i.f. Continent, followed by the publica. tion of the statistics showing a heavy increase in the stocks again, occasioned a corresponding weak- Managerness on this side, but since then
F. McD. COURTNEY,
Hong Kong, June 18, 1981.
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)
fairly steady conditions prevailed and to-day the price responded sharply to more favourable reports
from the Continent. The steadier appearance of the market may in
All classes of Commercial Banking HEAD OFFICE:-Talpeb, Formosa a measure be attributed to the fact Transactions undertaken.
Personel investment secounta handlod
Travellers the use of its "Travelora The Company offers to intending
Cheques" and Lettors of Credit and, in addition, the world-wide servicer:
Incorporated by Special Imperial Charter, 1899.
A.O.F. C. Average of Shanghai Stocks
JAN.
FED
HAR.
1931
APA.
MAY
JUNE
JULY
2300
28 pol
[2173
23 25
750
2750
27.25
12.25
2700
~27001
26 75
M26 75]
2650
2650
(2029
2625
12G00!
(2600
TWENTY
25.75
REPRESENTATIVE STOCKS
H2575
(2550)
25.50
(25 25).
25.28
2500
(2500)
Options: Double £4.15.0; Single
2475]
$24.75
£2.10.0.
Turnover for the week 6,500 tons.
American Statistics.
2454
2430
2423
24.25
2400
2400
Production
[2375}
that the price has fallen back to almost the lowest point, touched In recent years, and leaving little room for further material decline, Oneal Bark ia Formosa
JAPAN-Tokyo, Tokolenia, Kebe, Das. Bank Hotes and Average: 64,000,000 offers small incentive to sellers.
-BBANCELES AND AGENCIES:
Demand on the part of consumera WORKOBA sudian, Kagi, Kaseses, Real ang has been dull, buyera refraining Makang, Basto, Balnokin, Talcks, Tainan, from important operations pending Takao," "Tammal,Town, Halio, Tatto
THE YOKOHAMA SPECIE BANK, of ita thoroughly equipped Travel De CRINA-bangbal. Hankow my row, the uncertainty of the political and
LIMITED.
Established 1880.
partment.
Affiliated with
Capital (fully paid-up) Yen 100,000,000 THE CHASE NATIONAL BANK
Reserve Fund
Yes 115,000,000
Head Office:—YOKOHAMA.
Branches and Ageneles at:
Alexandris
Berlin
Batavia
Bombay
Takutta Chaton
Changchen
Nagasaki Nagoya
Newchwang
New York
Ozika
Paris
Peiping
Dalton (Dalny) Rangoon
Fangties (Maiden) Rio de Janeiro
Hamborg Haakew
KaiYuen
Karachi
London
Los Angeles
San Francisco Seattle
Semarang
Shanghai Shimonorak! Singapore Specalinys
Sydney Tentsin
Tokyo
Tsingtau
Kalervot allowed on Current At-
Demesita received for fixed periods
| rates to be obtained on application.
H. MORTON
Manager.
Hong Kong,- 18th July, 1981,
Resources ..Over €$2,500,000,000
C. IL. BENSON,
General Manage,
Swalow, Danion.
OTHERS-40g - Kong, Blogapore, Burabaya,
Balaya, Boday. London, "Eew Yorky. Dalam
LONDON BANKER),
Calouste,
The London County Wasiminster and Parr's Book The Back as Correspondents in sil tău prionipa! Comanial Centres throughout the world
HONG KONG BRANON :
B NAGURA.
.. Manique.
* Der Vana Boof Coral Hong Kong), 19à January, Tirm
THE BANK OF EAST ASIA, LTD.
Established 1918.
HEAD OFFICE: 10. Des Voeur' Road, Central,
HONG KONG
Capital and Surplus. Total Resources
over H.$ 8,000,000.00 over H.$30,000,000.00 art. Every description, of Banking and Exchange business. transacted.
Current and Fixed Deposit Accounts In local and for mign currencies opened för olfenta.
Savings Account and Bafe Deposit Boxes.
"Branches and Agencies "all over the world.
KAN TONG: PO
Au Chiaf/Manager, an
financial outlook.
May
June tona. *tons .102,095 98,000 Exports
26,684 39,000 Domestic deliverios 45,265 60,000 Refined' stocks .:.898,067 413,000 Blister stocks ....190,578 187,000
of the general
:
American ORIENTAL: Fance ComforatION
ZP NANKING 2010.
SHANGHAL
market, tha that Shanghai stocks were little in-stocks in the average are repre- Land has been quiet and easterA.D.E.C. Average is expected to luenced by the Hoover Proposal sentative ones, not merely the until to-day, wher the market re- prove useful and valuable to fol- although there was a tremendous market leader that. currently are covered in sympathy with the bat lowers of Shanghai stocks. reaction in the gold bar market. turning over in large volume each ter atmosphere prevailing general- A piece of Information afforded This was, of course, a reversed day. Most of the tried, staunch ly, and prices at the close show by the graph is that the market silver movement and represented stocks that have been everyday. little or no change as compared has moved upward about 12 per the price action of this basic com- factors In the Shanghai' market! with last Friday. The steadiness cont since the beginning of the modity. In practically every | are included. But inasmuch as the of this market must be ascribed to year. Perhaps more significant. Is stock market, violent fluctuations A.O.F.C. Average is represents. reserve on the part of sellers who, the big upaying early this, year. of commodities almost immediate-tive, care was taken to Include all Anding trade demand dull, have. From 24.26, on January 22, the ly find a reflection in price move- groups and not to have too many refrained from pressing sales 4.0.F.C. Average moved sharply ments of stocks.
stocks from one group. which might merely result in a up to 27.29 on February 21.
Market's Independence.
The statistical record of the
| lowering of price, without diepoa-, Value To Investors. |ing of any effective quantity of For an investor seeking the ad- The economic laolation of Shang- average is as follower
metal, and further in the beltet vantageous employment of the hai is brought out by the thorough- January 6 that once the European situation funds, the 12 per cent. appreciat independent manner in which the High April 8: clears an active demand will an- tion of Shanghai stocka fa a mat- market acts. Conditions that are Recent high point July, que la guapas dira, muniter of some conséquence. Stocks in most depressing elsewhere are Recent low point July 8 (Options: Double, 31.10.0; Single | practically all other markets, when seemingly of small consequence to "August 1
24.10
27.48
*27.47:
26.01
26.91