BANKS
RONG KONG AND SHANGHAI BANKING CORPORATION,
utherland Capital
tored ant Pilly Padar
Lesacre Fusi
String...
Silver
A 4,500,000
................. $70,000,000
Basorts [Ash Clay at Proprietors sa 920,000,000
READ ✔FICE: HONG KONG
WOARD OF DIRECTORE:
tion. Mr. C. G., 1. Markla. Страл
Box. Mr. 3. X. Patarson, Deputy Chairm sa.
Pag Me. V. K. Ball, T.-F. Petron, Ton
A. 1. Ongton,. Eng. 2. A. Pleromar, Bag-
M
Lundur Karls, Bag, T. H. A. Tan, Big
*, Miakla, B.
Aver
BATAVIA BOMBAY
'CALOUTTI
DANTOX.
SHETOO посомно
7. È, Wastew, they,
Vital. Manager.
པ་
ANCHES:--
LANDIN
LYONN
MALAOGA
MOKDEN
MANILL
MUAB (Johor)
NEW YORK
PRIFINO
FENANG
BANOOOR
BAIGON
HAN FRANCIRCA
DAIRER
HAMBURG
SINGAPORE
GONGKEW
GOUBABATA
RUNDKI PATANI
KOMLANG
SHALA UNPOR
HEANONIM
TIENTSIN
TOKIO
THINGTAU
YOKOHAMA
Cerai Accola opsoed in Lival Vurrenej and Tiwać Jeposlis received for and your e vkorter pacięks in Love! Carrey and worth
turtzia which will be gooted on ayalimties. -Hong Kong, Wh P'ebruary, 1001.
HONG KONG SAVINGS BANK.
1% Buktions of the abors Bank is ondasi-
d by the HONG KONG AND HHANOMAT MARKING CORPORATION.
baina applination,
Būdan, may be
FOR THE HONOKONG AND SHANGHAI
BARRINO CONTRATION.
7. M. ORAYBURN,
Long Ting, lệnh July, 1890,
Call Manager
THE BANK OF CHINA,
行銀國中
Reorganised October 26, 1928, ander
special charter of The National Gov- ́ernment as at
INTERNATIONAL EXCHANGE
BANK,
Subscribed Capital..$25,000,000.00 Paid-up Capital ......$24,710,200.00 .$ 8,820,503.82
Reserve Funds
HEAD OFFICE: SHANGHAI
HONG KONG BRANCH:
4. Queen's Road Central
Owing to our numerous branches in Chim and large connections in the im- portant commercial centres of the world, we are able to extend to our ellents special facilities for domestic and foreign banking and exchanges.
We also handle the issue of Bonds and ather Public Funds of the Chin- both at home and ese Government abroad.
ŠHOU J. CHEN,
Bong Kong, 6th March, 1081.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1863.
J
HEAD OFFICE: LONDON.
Paid-up Capital
.£3,000,000
Reserve Fond
£4,000,000
Reserve Liability of Pro-
prietors
.£3,000,000
Agencies and Branches:
ALOR STAB
AMHITUAD BANOKUR
BATAVIA
BOMBAY
UALQUZTA
ANTON GAWNFORE
OKAU
COLOMBO DAIREH
ФБСНІ
HAIPHONG
FANBUEL
ELANKOW BARDIN HÙNG TONG
ILOILO
ІРОД
RABACH
ELAND
KODE
KUCHUNG
+
MADRAS
MANILA
MEDAN
KUALA MANOBAR
KUALA LUMPUR
NEW YORK
PKPIN{1 (1'sking? PENAND
BANUDDE SAIGON
SIREMBAN
BEMATANO
SILA NOITAT
BINDAPORE
BETIAWAN-
BOURABAYA
TAIPING
TIENIBLE
TOKYO
TONGKAH (Bauhal}
TSINGTAO
YOKOHAMA
ZANDOLKOA
Foreign Exchange and General Ranking business transacted.
Current Accounts opened and Fix-
ed Deposits received for one year or which will shorter periods at rates he quoted on application.
J. STUART,
Manager.
Hong Kong, 17th August, 1981.
NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.
(NETHERLANDO TRADING BOCIETY)
ДАНКЕВА.
Established 1834,
Hong Long Ofoe 1-11, Uhman's Boid Contrat.
Authorland Caplía!
Paid-Up Capital
Esserts Fast
Guide 160,000,906-
(213.630.000.)
Child 80,000,000 (417)
· Gulidaeu" 40,810,000 (23,894,183, Eload Of—AMSTERDAM' « Eastern Head Okos i–BATAVIA. PLANONES – Bandjarmasin, Baadong. Bombay,
Onfrutta, Charibon. Plamber, Djok Jakaria", "The Hagna", Juddah, Kabe, Row-Dedja, Makaveer, Medan, Padang Pabaig Pukalongan Penang Pestinasi, Bangoon, Botlardan", Bemark
Shanghai, Bibilgi (Bumstra), Bingapoes, Borabala Barakarta (Bolo)," Tagaí, Tjlinjap and Weltevredes".
* These ofere have safa dipol bezse to les. London Banken :—Nailona). Provincial Bank IAŁ Correspondenta sil over the world Banking bokizma of every deaription trasaaniad.
A. STOLLINE,
Hong Kong, Lh Augurt. 1300.
THE
Jelangor.
·AMERICAN EXPRESS COMPANY,
INC.
Head Office: 68, Broadway, New York.
Capitai Surplus Reserves
THE HO HONG BANK, LTD.
(Established 1917.)
THE
HEAD OFFICE:—-SINGAPORE. Hong Kong Branch:'19, Queen's Rd. C.
Authorised Capital Straits $20,000,000 Issued Capital.....
Pald-up Capital
Kanerva Liabilities
of Shareholders. Surplus
8,000,000
4,000,000
4,000,000.
2,687,000
Branchos, Agencies and Correspon- denta in the principal cities of" the world.
Every description of Banking and Exchange business transacted.
TAN ENG HOOL
Manager.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
16. Boulevard Hausmann, Paris,
Subscribed Capital Fra 72,000,000.00 Paid-Up Capital...Fr. 68,400,000.00 Reserva Funda ....Fra.102,000,000.00
Bangkok
DRANCHES:
Hong Kong Quinhon
Saigon
Battambang Ide
Catho Mengtso Shanghai
Canton Dibouti
Nam-Dich Singapore
Numoa Thanba
Fort-Bayard Papeete Haiphong
Haokow Espoi
Peking
Tiantain Tour ne Phom-Penh Vĩnh Pondichery Yunnanfu BANKERS:
IN FRANCE: Comptoir National l'Escompte
de Paris; Credit Lyonnals; Banque de Paris et des Pays-Bas Credit Industrial et Commercial; So dace Generale.
IN LONDON: The National Provin rias & Union Bank of England, Ltd; Jomptoir Nationa d'Escompte de dari; Credit Lyonnais.
IN NEW YORK: J. P. Morgan & Co., French American Banking Cor poracion; Guaranty Trust Co. of New
fork.
CHINA MAIL.
Commerce and Finance
TRADE AND THE SALESMAN.
Finding and Keeping
New Markets. ⠀⠀
HALF THE BATTLE OF INDUSTRY.
†
TUESDAY, SEPTEMBER 22, 1931.
REMEDIES FOR TRADE
DEPRESSION.
Shipbuilding Chairman's
Views.
so as to know where boat to get the right material for recruitment for A drastic reduction in the expen- the various grades of commercial diture of the State and
local au- a general reduction in
staff.
thorities,
They should adopt well-planned schemes for the recruitment of wages and salaries in the region of staff, and offer attractive prospects 10 per cent. coupled with a corres- to the right types of candidate.
4
the
carefully-selected public school and unearned as against earned income, They should realise the value of ponding increase in the taxation of
university man for training for the and higher ranks of commerce,
ranks should be made easy for the right type of man.
reorganisation or
our torationlisation of
great
which, however, promotion from all basic industries-this is the
"The future industrial proș- perity of this country depends upon the constant application to the problems of finding, develop-
programmo advocated by Mr. ing and maintaining markets for
"Modern Studies" Courses W. L. Hichens, chairman of British, goods and services of at least as much time, thought and Many of the recommendations Cammell, Laird, and Co., the ship- energy, and as high a degree of deal with education in relation to builders, in the August number of
business. A good sound, general abilities as are applied to the problems of production and
finance."
150
education, it is first emphasised, is Lloyds Bank monthly review, for an essential foundation for all giving a greater Impetus to the special education and training for basic Industries and restoring con.
points adence in The specific
British industry. Ho ads that, as in Australia, a com Our system of elementary educa-prehensive policy can only be car-
While every one of the pages of the final report of the commerce. Committee on Education in Sales-made are: manship. of which Sir Francia
political parties.
Goodenough is chairman, ought to tion needs revision in some direc- ried out by agreement between all be carefully studied, the above tions to ensure that it provides proposition may be said to supply.
"sound general education.”
Our methods of education be the key to the whole volume.
cases
Commerce, the Committee say, Acoffers great attractions as an in- teresting, adventurous and worthy
Intarost allowed on Current ounts and Fixed Deposits according
arrangomenta.
Every description of Banking
Exchango Business transacted. Safe Deposit Boxes to let.
A. BONNAUD,
Hong Kong, 1st May, 1931.
and
Manager.
THE NATIONAL CITY BANK OF NEW YORK.
HEAD OFFICE: 55, Wall Street, New York.
Capital, Surplus and
Undivided Profits ..U.S.$220,087,392
Branches ins--- ARGENTINE LONDON
BELGIUM
BRAZIL CHILE
CHINA
CUBA.
COLOMBIA
DOMINICAN
REPUBLIC
INDIA
ITALY
JAPAN
MEXICO
PANAMA
PERU
PHILIPPINE
ISLANDS
PORTO. RICO
STRAITS
SETTLEMENTS
URUGUAY
VINEZUELA
career for the beat of our sons and
daughters-and commerce needs
them.
Sound Education.
"Modern
Mr. Hichens considers that the reason why we failed to share in the recovery which the rest of the world enjoyed from 1925 until the great depression of 1990 is to be found in the fact that whereas othor nations maintained er increased world's export their share of the trade during this period, our share persistently
The roal ex-
CLAREMONT
PRIVATE HOTEL
Austin Road, Kowloon. (Facing the Kowloon Cricket Club. Four minutes from ferry by bus.)
Suites of rooms (singlo and.... double), hot and cold water system, all modern sanitation, private bathroom attached.
EXCLUSIVE TABLE entirely under European management.
Hotel has a splendid aspect in one of the finest locations in .Kowloon, away from noise, yet
easily accessible.
Terms very moderate. Reserva- tions by letter or cable,
CLAREMONT · Tels.: 67889 & 57885 (Private), Telegraphic AdL: "Fern" KK Our motto is "SERVICE!
Phone 25169. Pedder Building (1st Floor) Opposite Entrance to Hong Kong Hotel.
It is the text on which Sir tween 16 and 18 In some
need reconsidération. Francis and his colleagues proach with insistence and earnestness a Studies" courses would be very sermon to which the country should useful during these years.
While early specialisation for give heed. Close co-operation be tween business and education, for commerce is deprecated, the estab the benefit of both, is their theme.lishment of junior commercial schools, where justified by local
dwindled. It la conditions, is favoured.
duc, Mr. Hichens suggests, to the A scheme of certification for rigidity of our industrial structure. tion for "the present unsatisfactory due to lack of enterprise or skill or INSTITUT commercial students, in substitu- He does not think this rigidity is ALEXANDER examination arrangements," is ad- to bad salesmanship. vocated. This scheme should be planiation, in his view, is that our DE BEAUTE confined for the 'present to advance costs and therefore our prices are Great stress is laid by the Comed students. of suitable qualifica-higher than those of our rivals, and mitter on the importance of a tions, and of at least 21 years of it is of vital importance that this "Bound general education." Suc-age.
defect should be cured. cess in the fundamental problems There is need, the committee con-
Mr. Hichens suggests that there of marketing-or salesmanship insider, for a "careers department,”
are two outstanding causes for our Lustrous Oil Permanent Hair Waves its widest sense-involves, it is or clearing house, in connection high costs. One is that no effective Artistle Finger and Marcel Waves, Oil which are Large, Soft and Natural, pointed out, the employment in with the public schools. The ap: scheme of rationalisation establish-Treatment, Shampooing. Henna Pack commerce of those possessing the pointment of a "carecra master”
a reasonable correlation be- (any colour). Hair Cutung and Mani. highest qualities alike of character for each school has, they suggest, tween capacity and demand has cure for Ladies and Gentlemen. Con- and intellect, developed to the gat advantages.
been carried out by the basic in scientious, Artistle Work by European fullest degree by sound education;
German and Spanish.
Expert, Mr. Alexander. dustries, and the other is that our
CHARGES MODERATE training and experience.
the subject of foreign wage system is too rigid. "If we do A VISIT WILL CONVINCE YOU. "One of the weaknesses in many languages, the committee consider not remedy the rigidity of our in- businesses in this country," the that, generally speaking, de-dustrial structure in these two re- Committee consider. "Is the ten- ficiencies in instruction in this spects we shall fail to make a reality dency to regard the art of the sales-country are due partly to public in- of the policy of deflation, and shall man as something that can be difference, partly to over-emphasis be forced to travel along the alter- 'picked up without any systematic of the literary as distinct from the native rond of inflation." Instruction in it-something that spoken language, and partly to can best be learned by trial and inadequaté provision for German error instead of being taught." and Spanish.
The conclusions and recom-
On
4!
Buyers and salesmen may, it is remarked, be trained to appreciate art, and "it is of great importance that a careful study should be made
ing
UNCLAIMED TELEGRAMS.
Commercial and Travellers' Letters of Credit, Travellers' Choques, Bills of Exchange and Cable Transfersmendations in this third and final U.8.50,000,000 bought, and sold. Current account report are those of business men, .U.8.$1,572,454 and Savings Bank accounts opened for every member of the Commit-
U.8.81,908,209 and Fixed Deposits in Ipeal and for-tee, except the two representing of the artistic tastes of customers." | grams are lying at the E.E. Tele-
siga currencies taken at rates that the Appointments Boards of Ox- may be ascertained on application to ford and Cambridge, occupies the Bank
BRANCHES:-
Manager.
Amsterdam Alwarp
& Lank
Li
Berlin
Barle
Bombay
0100 Giatow Havana Hamburg Bayra Interlaken Ferusalem Kado
Klo Naple Piraeus Parte
Brumets
London
Buscos diese
lverpool
Cairo
Lovers
Oslogite
Lapto Lector
Магрыша
THE BANK OF CANTON, LTD. Established 1912.
Bend Once-Hong Kong,
Authorlent Capital (II.L. Outroney) #12,000,00
0,381,200 Bezerre PanS
****** 1,100,000
BRANOTES
Carion, Akanghal, Cankar, Senior, Bangkok, New York and San Franalan
CORRESPONDENTS
LONDON BANKZDƏ (—
The Loyd's Dark, Limited
18 ak prizelpal millor of the World. Twign, ischangs and banking bud.com ast -very description transacted.
Bala Deposit Boxes (raciona aisns) si a poorly vedal of From $3 to $10,
LOOK POONG SHAN,
Chiot Manager.
Canner Colosbe
Colopla
Moute Onl Heils
Munlok
Montess Julisa
Jokios Palatine Bollarda Rome Elsamboul Shaughal southampto Bingapore
81. Morits
Tientsia
Viac Venice Tokokame Farlok
Copenhag Hdinburgh Fire Gecam
Branches 01 American Express Company in Principal cities of Unit- ed States of America and Canada.
All classes of Commercial Banking Transactions undertaken.
Personal investment accounta handled.
The Company offers to intending Travellers the ase of a "Travefors | Cheques” and Letters of Crodit and,
of ita thoroughly equipped, Travel Do- partment.
The following unclaimed time.
While secondary schools are pro-graph Co Office, Hang out an ducing large numbers of well- Mr. Alfredo Choy, Kowloon, We are also able to offer our Cus-important position in some branch educated candidates for employ- from Call. tomers the services of the Branches of industry. of the International Banking Corpora tion in Ban Francisco and "Spain" and
Also of The National City Bank of Now York (France), B.A., in Parin and Nica
F. McD. COURTNEY,
Hong Kong, June 16, 1981.
Manager.
THE BANK OF FAIWAN, LTD. (TAIWAN GINKO.)"
HEAD OFFICE:-Taipeh, Formons.
Incorporated by Special Imperial Charter, 1899.
Dentral Bank is Formona Brak-Botas Lanced Average amount inTan, 16,000,000 BRANCHES AND AGENCIES,
Among the main recommenda- tions are the following:
Employers should make them selves fully acquainted with the educational system of the country,
Miss
ment, recruitment to commerca
Frew, C/0 Mackinnon from the public, schools, it is stated, Mackenzie, from Karachi, is comparatively small, but is in- creasing. Public school boys are promising recruits for the higher ranks if wisely selected,
8. LACK,
Manager.
Hong Kong, Sept. 17, 1931.
A.0.F. C. Average of Shanghai Stocks
FER.
2050
محمد
|LY,TS]
(930)
JAPAN-TOKTo, Yokohama, Kobe, Ossia, JURMOSA 1-a, Kaga Kanchi Kesiang, Malang, Matka, - Elinchiku, Taloku, Tainan, Takao, Tamil, Tom,
[1327]
£750
Huston, Danion OTHEEN 1g Kong,
FUTS
Blagaps. Boursinin, Васалгаа Beleria Bamber. Calcata London, few - Tork, Daines.
LONDON BANKERS 4.
Flo
THE YOKOHAMA SPECIE BANK, to addition, the world-wide services ORINAghallacious costurer,"
LIMITED.
Established 1880.
agulisted with
Capital (fully paid-up) Yen 100,000,000 THE CHASE NATIONAL BANK
Reserve, Fund.
Yen 116,200,000
Head Office:-YOKOHAMA,
Breiches und Agencies nta
*
The London County Waciminset and Pro's Dark.
Tha Bank has Commepondents in all the pelandmed Commercial Confess throughout the world.
Resources › . „Over G$2,500,000,000
.K. HAUURL
Matag.
C. H. BENSON,
General Manager.
HONG KONG SEANCHÍ
May 4, The Year - Bond' Odishchi. Hong Kong, Má Zmoney, 1990,
B
125.00
REED
TWENTY REPRESENTATIVE STOCKS
(15.2)
1196
1479
|:480
1435
6931
18.75
(£1.30
3.09
Good for
Children
ROSE'S ORANGE
SQUASHE
Ferlin Bomber
Nagasak!
'Nagoya
Nowchwany
New York Osaka Faria
(Dalny).......... Rangoon Wengiem (Mukden) Rio de Jansire Hamburg
San Francisco *Seattle
Blankow
5. (arbles
long Song, Formeladus
Hai Twen
Marechi
500
Shimonovski Singapore Boerabaya
Bydney Tientain
Tokyo Tsingtan Intercats allowed on Current de-
Depozits received for hand parfoda at rates to be obtained pa‘application.
IL MORI,"
Hong Kong, 11th September, 1931.
THE BANK OF EAST ASIA, LTD.
Established 1918.
HEAD OFFICE:
10, Des Voeux Road, Céntral. HONG KONG
Capital and Surplus Total: Resources
over $ 8,000,000.00 „öfer, H.$30,000,000.00 Every description of Banking and Exchange business transacted.
Current and Fixed Deposit Accounts in local and for- eign currencies opened for clients, a
Savings Account and, Safe Deposit Boxes......... Branches and Agencias all over the world.
KAN TONG PO,
Chief Manager.
American Ünental Emance CierraTVOR
A firmer market has been deve-market, and is now in demand at fed progress. Financial people and |loping in the Shanghai stocks dar- high prices, for the year.
traders taking a lively interest. in. ing the last several daya. The Shanghai Lands has been forg- the market, have been acting with 4.0.F.C. Average has moved up ing steadily ahead, and a good confidence. When stocks have had ward to 28.29 after a period of deal of interest bas centred in this time to settle after the sharp easy prices that caused the Aver-stock, Cotton shares are also be-market. advanco of August and ago to Bag down to 28.02.
ing bought wall with Ewes mov-early September, there may be
As the prica level receded from Ing up persistently to higher further improvement on a broad the high of the year, catablished levels. An underlying strength scale, September 4, as a leading stocks has been quite apparent in cotton The statistical record of the continued to act well, Trams, In stocks that suggests better prices A.O.F.C. Average follows particular, did not participate in in the future.
January 6 24.10 the general tendency for easy in practically all lines of bust-figh for year September 4 28.01 prices. This issue has been pro- ness, and industry in Shanghal, Recent low points August 6 26.54 minent In the better tone of the 'there have been signs of continu-
Beptember 16 28.29
and
They like it.
Job Printing
REASONABLE
PRICES
TER NEWSPAPER ENTERPRISE LYD, ONLAR MAIS. 'MUDA, 'ARA, WYNDHAM 07.