BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorhead Capital retuzink formed and Fully Paid-up
Funde-
Serlingomis, 2 ̧0,530,MD
$18,306,20
Bene)va. Liah Qay of Proprietors w........ $10,000,000
HEAD SPICE, HONG KONG,
BOARD OF DIRECTOR::—
Hon. Mr. U., 0.. Meskio. Chalsman,
14
Hou, Mr. J. J. Paterson,
Beaty Chalemas.
B. Ball, T. E drum, Hog
AK. Campion, Eaq. JA. Plummi, Toy,
Landar Lewis, Esq. T. H. ‚B. Khan, Kag wiskin. Est
J. F. Wama, Xaq. Ohlal Manager.
V. K. Greybura. Kes
BRANCHES
AMPY
LONDON
PANOROR
LYONS
BATAVIA
MAZACGA
BOMBAY
BIANIDA
MUAB Jował
MUXDEN
NEW YORK
PEIDING
MALOUTTA
DANTON
DHE DO
COLOMBO DAISEN
TUĆCLOW
HAIBONG
GANDUNG
HANKOW BAEBIN NONOKEW ΑΣΕΙΣ Ο
IPON
Топов
KOEL
KOWLOON
KIA SP
'PENANO
RANGHUN
.BATION
SAN FRANCISON
NELANDI
SINGAPORÚS
SOTIBADATA
BUNGHI PATAN!
TIENT IN
TOKYO
TSINGTAU
TOHOLAMA
Cuttons Asconi opond in tasal Curry and Fixed Deposita' renaived for nes pour r sionat periods in Local Cursory so Bowling warm which will be quoted on applomitem. # Kang, i Pebruary, 1981,
HONG KONG SAVINGS BANK.
The Busines of the above Bank is conduct- by the WONG KONG AND BHANGHAI Bulon ton b BANKING OURPORATION.
sblaland captination.
FOR THE OROKONG AND BUANGBAL BANKING CORPORATION.
V. H. GRAYBURN,
Oh! Manager.
Hong Kong, 18th July, 120,
THE BANK OF CHINA. 行銀國中
Reorganised October 28, 1923, under
special charter of The Nations! Gov. ernment as an
INTERNATIONAL EXCHANGE
BANK.
Subscribed Capital
Paid-Up Capital
..$25,000,000.00 ....$24,710,200.00
Reserve Funds
..$ 8,820;503.92
HEAD OFFICE: SHANGĦAL
HONG KONG BRANCH:
4. Quren's Road Central.
Owing to our numerous branches in Chira and large connections in the im
of the portant commercial centres world, we are able to extend to our cllexta special facilities for domestic and foreign banking and exchanges.
We alro handle the issue of Bonds and other Public Funds of the Chin-
both at home eae Government abroad.
L
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON.
Paid-up Capital Reserve Fund
Reserve Liability of Pro-
prietors
THE HO HONG BANK, LTD.
(Established 1917.)
THE
CHINA
MAIL.
Commerce
Finance
and
OF
HEAD OFFICE:-SINGAPORE. Hong Kong Brunch: 13, Queen's Ad. C.
Autherland Capital Straits $20,000,000 Issued Capital
8,000,000
Paid-up Capital
4,000,000
Reserve Liabilities
of Stareholders. Surplus
4,000,000
"
tr
2,087,000 MECHANICAL ERROR MONEY VALUE
£3,000,000 Branches, Agencies and Correspon- £4,000,000dents in the principal cities of the
.£3,000,000
Agencies and Branches:
KUCHING
KADRAS
MANILA
MYDAN
ALOE STAR-
AMNITSAD
BANGKOK
BATAVIA
BOMBAY
DALOUITA
CANTON
UAWNPORE
CZBU
COLOMBO DAIBEN
DELU!
HAIPHONG
HANBURG
NEW YORK
PEPING (Pam) PENANG RANGOON
BAIGON
DEMARASO
SEREMBAN
SHANGHAI
ILANKOW
BINGAPORE
HARBIN
SITIAWAN
HONG KONG
BOURABAYA
Itaito
TAIPING.
TIENTBIN
TONOKAH (Dutch)
TRINGI AÐ
KUALA BANCURI
YOKOHAMA
ZAMBOANGA
General
frou
КАПАСАТ
KLAND
KOBE.
KUALA LUMPUR
TOKYO
Foreign Exchange and
Banking business transacted.
Current Accounts opened and Fix- ed Deposits received for one year or which will shorter periods at rates be quoted on application.
J. STUART,
Manager. Hong Kong, 17th August, 1931.
NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V.
NETHERLANDS TRADING HOCIETTI
DANKENS
Established 18. flon Koog Mon:-11, Qumn's Hood Central.
Authorised Capital ena Jabuere 160,800,DEU- 17,430.000.1 Paid-up Capital
Quild 40,650,00
(21.689,170) Kassire, Band comezosus Gulične 40,016,000 *{21,101,183) Hand OM--AMSTERDAM- Kariern Head OB-BATAVIA.
BILA NOUERS- Dandjarmasin, Bandowng". Bombay.
Calcutia, Cheribon, Djamber, Djok jakarta", The Hayao". Juddah.. Kobe, Kose-Radia, Makasons): Kodan, Padang Palambang. Pekalongan, Penang. Pontianak. Hangoon, Bailedas”, Bamarang, Shanghai,
Sibalzs (Bumat), Singapore. Botrabata, Boanskina (Bel)." Togul, Tišjajap mat Weltevreden".
• 2rem cada finte, safe deposit boxes to tax. Landen Baskare ----Nations Provizolat Back Lid.
Corresponderte si over the world
Danking business of ovary descriptios transactad.
1. STOKKINE.
flony Kong, 1914 Augurt, 1990.
THE
Manager
AMERICAN EXPRESS COMPANY,
INC.
Head Ofce: 65, Broadway, New York.
.U.S.$3,000,000 U.S.$1,572,454 U.S.$1,308,209
Capital Surplus Reserves
and
SHOU Í. CHEN,
BRANCHES :-
Manager.
Aimsterdam Anteup
Hong Kong. 6th March, 1981J
THE BANK OF CANTON, LTD.
Established 1912.
Athana Basta
Beclin
Barris
Bombay
Esman
Chargoy Havaca Koburg Havre Interislan Jeruzalem
do
Dessels
Fusude Aires
Cairo Outoutta Canno Colombe Constantinople
London Zvarpool Lucki Luge
LEROT
· Marsalžan
Monte Carl
Copenhagen.. Manila
Edinburgh
Munich
-8,545,800
Pleso
1,100,000
Gusti
Montad Milan
Hend Ofce-Hong Kong.
Authorias Capital (H.A. Ourranay) $11,000,008
Palk-Up Capliú uppmanaongeze Bare Fund
BRANCHERA —
Napier Pirmu Para
thing Paklag Falando Botterdia Boma Bambout Stanghal Houthampto Bingson
B. Mo
Tientals Vienna
Fenice Yokohama Zurics
Branches of American Express Canton, Bhanghai, Hinkow. walow, Company in Principal cities of Unit- Fangkok New York and San Fransisoned States of America and Canada.
CORRESPONDENTS
LONDON BANKEBR1-
The Lloyd's Bank, Liisiled
In all principal altine at the World
.
Foreign range and backing boulange of every description transacted.
Mats Depot Bazen (razione siswa) zi a "poar
rental of from 5 to $40.
LOOK POONG SHAN,
Chief - Manager.
All classes of Commercial Banking Transactions undertaken.
Parsonel -investment handled.
accounts
The Company offers to intending Travellers the use of its "Trovalere Cheques" and Letters of Credit and, THE YOKOHAMA SPECIE BANK, in addition, the world-wide services of its thoroughly equipped, Travel De LIMITED.
partment.
Established 1830. Capital (fully paid-up) Yen 100,000,000 .......Yon 115,000,000
Baserve Fund
Head Office:-YOKOHAMA.
Branches and Agentlew at:
Alexandria
Batavia
Berlin
Bombay
Calcutta Canton
Changchun
· Dairen (Dalny)
Nagasak!
Nagoya
Newchwang
New York
Osaka
Parli
Felping
Bangaon
San Francisco Seattle
Fengtlen (Makdan) Rio de Janeiro
Hamburg
Hankow
Harbthe
Hong Kong
Honōlalo
Kai Yummet en
Karachi
Kobe
London
Los Angala
***** Semarang 24h
Shangha shimonoso
Singapore
Boersbaya Sydney Tuntain".
Tokyo
ng! Interest, allowed on,
2. Cazzent Ac
Doppelts received for fixed periods
kë vetën to le obtained on application.
"Hong-Kong, 18th July, suckiEME
Affliated with THE CHASE NATIONAL BANK Resources ..Over G$2,500,000,000
C. H. BENSON,
General Manager.
world.
Every description of Banking and Exchange business fransacted.
TAN ENG HOOL,
Manager.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
98, Doulevard Haussmann, Parla.
Subscribed Capital Fra. 12,000,000.00 Paid-up Capital...F. 88,400,000.00 Reserve Funds ....Frs.102,000,000,00
BRANCHES:
Bangkok Hong Kong Quinhon Battambang Kue
Saigon Canthe Mongiso Shanghai Nam-Dinh Canton
Singapore Djibouti Numea Thành Fort-Bayard Papecio Tientsin Haiphong Peking Tourane Hankow
Pnom
Penh Vinh Hand Pondichery Yunnanfu
BANKERS:
IN FRANCE: Comptoir National 'Escompto de Paris; Credit Lyonnais: Banque de Paris et des Pays-Bas Credit Industriel £t Commercial; So-
ete Generale.
IN LONDON: The National Provin- & Union Bank of England, Ltd.; omptoir Nations! d'Escompte de Farm Credit Lyonnais.
IN. NEW YORK: J. P. Morgan & So.. French American Banking Gor- poradon; Guaranty Trust Co. of New York,
Interest allowed on Current Ac-
counts and Fixed Deposits according ze arrangements.
Every description of Banking and Exchange Business tranaxcted. Safe Deposit Boxes to let.
A. BONNAUD,
Hong Kong, 1st May, 1931.
Manager.
THE NATIONAL CITY BANK-
OF NEW YORK.
HEAD OFFICE: 65, Wall Street, New York.
Capital, Surplus and
Undivided Profita..U.S.4226,087,392
Branches in
ARGENTINE
BELGIUM BRAZIL
LONDON
MEXICO
PANAMA VERU
COLOMBIA GUBA
CHILE CHINA
DOMINICAN STRAITS
REPUBLIC
PHILIPPINE
ISLANDS PORTO RICO
SETTLEMENTS INDIA
URUGUAY ITALY
VENEZUELA JAPAN
Commercial and Travellers' Letters of Credit, Travellers Cheques, Bills of Exchange and Cable Transfers bought and sold. Current accounts and Savings Bank accounts opened and Fixed Deposita in local and for- eign currencies taken at rates that thescertained on application to
Bank.
We are also able to offer our Cus. tomers the services of the Branches of the International Banking Corpora tion in San Francisco and Spain and also of The National City Bank of
New York (Franta), 8.A., in Paris and Nlea.
F. HeD. COURTNEY,
Hing Kong, June 16, 1931.
Manager.
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO:) ·
HEAD OFFICE:-Talpeh, Formosa.
Incorporated by Special Imperial Charter, 1899.
EXPLAINED.
Bank Rate Exchange Mistake.
SILVER.
False Doctrine of
Cheapness.
The mistake in the notifien- Sir Edward, Davson, who has tion of the Bank rate in the Stock been elected to succeed the late Exchange was due to a mechani- i Lord Melchett as chairman of the cal error in the electrics indica- Council of the British Empire Pro-
ducers Organisation, was
tor."
enter-
This official statement finally tained at luncheon at the Leather. disposed of a thrill, almost a shud- sellers' Hall, London, last month. der, that for a few minutes recently
Lord Lloyd, who "presided, said not only shook Throgmorton Street, that during Sir Edward's
exten- but rattled every Stock Exchange sive travels within the Empire his in the United Kingdom, and had slogan had always been "Let us time to girdle the world.
forget about the things that divide us and let us get down to the dis cussion of those great trade ques- tions about which we have a com- munity of interest."
The Hank Rate was not increased to 4 per cent., as at first wrongly indicated, but remained unchanged at 2 per cent..
An announcement to this effect
fifteen minutes after the false re- port was received with cheers by the excited members of the Stock Exchange.
Referring to the silver question, Lord Lloyd denounced the doctrine of cheapness, which, he said, had Those at inal reached its apogee. who had believed in cheapness' had "Origin of Mistake:
seen its result in the ruin of more The taistake hal its origin in the industries and people than pro actual announcement of the figure bably at any previous time. The on the indicator in the House Itself. devalorisation of silver was more Engineers had been testing the at the bottom of our troubles, in mechanism or the electric sign by India than anything else. On the which changes in the Bank Rate are agenda of any Round Table Con- communicated to the Stock Ex-ference within the Empire he con- change.
sidered the monetary question Unfortunately on finishing their should figure more prominently work they left the indicator in the than any political issue, (Rear, wrong position, so that when the hear.)
w was received from the Bank
the toast of his Responding to of England that the rate was to
health, Sir Edward Dayson sail in remain at 21⁄2 per cent., the sign trade and commerce to-day it was intended to indicate "No change" not a survival of the fittest, but n Dashed to 1 per cent.. thus Indicat-survival of the most protected and ing that a risc of 1% per cent, had subsidised industry. taken place in the official money- We had two kinds of trade cus- tomers. On the one hand were the Before the mistake had been dis-foreign countries from whom we covered, the news of a 4 per cent. bought primary products, and who bank rate had been telephoned to purchased the minimum of munu- Stock Exchange offices and, through factured goods because they ile various channels, to many parts of sired to make their own, 'On the the world.
other hand, there were our Confusion Overseas,
Dominions and Crown Colonica, Some stockbrokers were fortunate who, bound to us by ties of senti- enough to get their foreign cables ment and material interests were which devise means corrected before they had been sent anxious to off by the cable companies, but would establish some understanding to increase our That others were unable to do so, and, with us so as
was the gave incor- mutual trade. therefore, unwitlingly rect.information to their clients in policy of the British Empire Pro- ducers Organisation, and if during remote parts of the world.
The confusion which the mistake his term of office he could do any must have caused in overseas coun- thing to advance that policy he
(Cheers.) tries was doubtless increased by the would be well content. expectation in many quarters of a rise in the Bank rate owing to the present world financial crisis.
rate
Mr. S. Amery, M.P., anid the trouble which had overwhelmed the world was not due mainly to over- Many rumours were current, one production nor tariff policies, but being that the rate had been into these factors having to operate ereased to four per cent., and this upon & rapidly shrinking basis unit gained strength when the posting of of currency upon which the trade the notice was delayed for ten of the world had been built up. The money value of silver had been destroyed not as a result of natural forces, but by the things which governments had done during the last forty years.
minutes.
and
When the no alteration" message was brought from the Governor's room there was a stampede, down the corridors
back
to City offices.
There are plenty of unemployed. The large crowd which waited
with Oxford degrees walking the inside and outside the Bank of
Barratt England for the declaration of the streets, to-day-Mr. A.
Brown, rate reflected the great interest taken in the financial situation. Long before, the posting of the JAPAN-TO, Yakobuzoa, Babe, Osaka. BRANCHES AND AGENCIES:
announcement business men, typists,. FOBROJ lung and messengers from big financial houses lined the corridors and the CHINA – Shanghai.” Hankow, Amay, Foookow.inner hall of the Bank. Outside
Enslow, Canion
Central Bank in Formosa.
Beak-Nord Average amount Tan, 8,000,000
Mikang, Maute, Bhinchlinu, Talobu, Tainan,
Takno, Tammut," Tran, Hadio, Talio.
WIELERS:
Kang, Bingapors, Boersbaya, the crowd wus so large that some Bamarang. Barby. Ostout
Lendon, New
LONDON BANKERS,
The London County Waiminisar and Pur's Bank.
The Bank has Corregandante in all the pełnalpa! Commercial Centres throughout the world.
E. NAGURA.
HONG KONG BRANQUI
Madag
5. Den Vast Road Castes, Hoy Look Jietary, 1899.
THE BANK OF EAST ASIA, LTD.
Established 1918. HEAD OFFICE: ·
10, Des Voeux Road, Central. HONG KONG
Capital and Surplus,
Total Resources
over H.$ 8,000,000.00. over. K.$80,000,000.00
Every description of Banking and Exchange business transacted...
Current and Fixed Deposit Accounts in local and for- eign currencies opened for clients.
Savings Account and: Safe Deposit Boxes. Branches and Agencies all over the world.
KAN TONG PO,
Chief Manager.
delay was caused to traffic.
NON-INFLAMMABLE PETROL.
Fuel That Quenched Fire.
A new type of petrol which, it is claimed, eliminates the danger of fuel fires, has been demonstrated by M. Henri Bardel, Technical Direc- tor of the Air Union, at Croydon.
K. Bardel flew from Paris in ar Air Union passenger plate which was using the new petrol, and at Croydon Aerodrome he proved the "advantages "of the "fuel by dropping lighted matches into a bucket of it. The fuel instantly extinguished the match fame.
The petrol, which is the inven tion of a French scientist. M. For- rier, is claimed after five years' research to be practical, commer cfully and techşically, giving more miles to the gallon with the same power as ordinary petrol, and to be 40 per cent cheaper in manufac- ture.
Made
From
The
Fresh
Fruit.
FRIDAY,
SEPTEMBER 11, 1931.
Overland China Mail.
A WHOLE WEEK'S NEWSPAPERS IN ONE.
Should Hong Kong have a Municipal Council? Should Kowloon have one of its own? These questions form part of an address to Rotarians by Mr. L. C. F. Bellamy, which is, fully reported in the OVERLAND CHINA MAIL.
A heavy toll was levied on native craft by a typhoon which passed over the Colony about a week ago. Details were gradually learned of the loss of over one hundred junks, with the practical' destruction of a fishing fleet, 'although fortunately the loss of life was not heavy. Full
particulars appear in the OVERLAND CHINA"MAIL.
*
*
*
Another chapter in the "stormy history" of the Sze Yap Steamship Company was written when a judgment handed down by the Full Court of Appeal reversed a pre- vlous decision of the Trial Judge that certain ex-directors he restrained from interfering in the conduct of the com 'pony's affairs. It was held that the notice of a confirmatory meeting, to pass certain special resolutions, was a bad one, and consequently the resolutions were not binding. The OVERLAND CHINA MAIL reports the judgment.
***
A claim by Shanghai creditors to runk as preferential creditors in the Hong Kong liquidation of the Russo-Asiatic Bank having been rejected by the Official Receiver and Liquidator, application was made for an adjournment of further hearing so as to enable the applicants to obtain evidence to support their claims. This having been refused by the Chief Justice, the application was made the subject of an appeal to the Full Court. The Court upheld the Chief Justice in his ruling, holding that no useful purpose could be served by granting any adjournment. In the course of the judgment. reference was made to repeated efforts by outside creditors to obtain preference in the distribution of the assets in the Hong Kong liquidation. The judgment is reported in the OVERLAND CHINA MAIL.
The OVERLAND CHINA MAIL also gives detalls of the scheme, approved in the Legislative Council, by which the Colony will take over the Nuval Arsenal Yard from the Admiralty, on payment of two million dollars, which sum is required for the construction of other Naval magazines in the Colony. It was, explained that the Government expect. ed fully to recoup themselves by sales of building lots in what is a thickly-populated and valuable residential ares.
*
After twenty-three days' liberty, a Chinese long-term prisoner who made a daring escape from Victoria Jail, in August, was recaptured by Police officers, without resist ance. A report appears in the OVERLAND CHINA MAIL.
*
*
*
Sport, as usual, is ably dealt with by the OVERLAND CHINA MAIL, prospects, for the forthcoming Interports being discussed, and details given of the swimming' gala in which Hong Kong's selected for Shanghai took part, imme diately before salling for the North...
There is no phase of the life of the Colony or of China that does not receive attention in the OVERLAND CHINA MAIL the weekly paper that YOU MUST ORDER NOW.
READY NOW. -
Mall via Suez closes at 10 a.m., Sept. 12. and vin Siberia at 9.30 am.. Sept. 12.
SINGLE COPY
25 Cent
(Bold on the streets and at the bookstalla or you can send your subscription to the office.---H.X. #13 per annum, oE
$19 including postage abroad Hall-yourly
or quarterly periods pro rata.j
No. JA, WYNDHAM STREET-PHONE 20912,
'THE OVERLAND CHINA MAIL.”
ERE
Cassis-Rouvière
THE OLDEST EXPORT TRADE MARK - DIJON
Three Good Things
For the Hot Weather in the original embossed bottles
DELICIOUS
WHOLESOME
REFRESHING
Rose's
Rose's
Rose's
LIME JUICE
LEMON SQUASH
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