THURSDAY, SEPTEMBER 24, 1931.
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Capital
Cermed and Fully Paid-up
Konoctu Panče
Eneling......
· 1,500,000
Silver -- a $10,000, 504
WEI,100,000
Sonatva Žiak dále af Proprietors ..... $90,000,000
BRAD WWF70B) HONG KONG,
BOARD OF DIRECTORI,--
Hom. Mr. 0, 0, 1. Macki. Ühaman.
Hon, Mr. Y. J. Paterson. Deputy Chairman
dag. Mr. 4. N. Beži, T. X Your
Ho
4. I. Compton, Esq. J. A. Plummet, Mg.
4. Landar Lavis, Kaq. X, H. X. Uhow. Ex.
18. Mirka, Esq.
a Mur
BANOXO
BATAVIA
BOMBAY
DALCUTTA
OANTON
CB1100
OOLOMBO
DAIREN
#OOCHOW
BALZHONO
GAMBURG
панкой
BANKIN
JUNGLEW
ILOILO
(PU){
FOLGEN
KOWLOON
2. P. Warton. Bag,
Oklat Mangue
Graybard,
ANCHIS:—
MPUB
LONDON LYONE MALACOA M&NILA
MCIDEN
HEW YORK
PEIPINO
PENANG
RANGOON
BAIGON
SAN FRANCIJO
ELLANOH
BINDAPONE
BOUHADATA
BUKOLI PATANI AVAN
TIENT IN
TOKYO
„TAINOTAU
KOKOHAMA
Current Autres opened in Local Curteany
aat het Daponta raosived for eas fear „ar charter perioda la Local Dartuary sae Burling * which will be quoted en appliance.
Məng Kong, 19th February, 1991.
HONG KONG SAVINGS BANK.-
The Business of the above Bank in cond276- by the HONG KONG AND BILANUHAI SANLING CORPORATION, Bain may b ablad on application.
FOR THE HONGKONO AND BILANGHAE BANKING CORPORATION.
V.M. ORAYBURN,
Hong Kong, 18th July, 1980.
Chin Macau,
THE BANK OF CANTON, LTD.
Established 1912.
Head OBce-Hong Kong.
DA
short Capital (IL.E. Carroney) #11,100,006 Palk-Up Capital nendestens Besarra Fund manqueno 1,100,000
BRANCHES 1-
Canon, għal, Hankow, ɑwakow, Bangkok, New York and dan Fransen.
CORRESPONDENTS
LONDON BAKKENU ---
In all principel
The Ladies of das World.
Bank Limited. Foreign zhangs and banking builure of vary Eripilos trazeneted.
Sale Depouls Baum (zuciowa ulose) as a yearly restal of Irom $5 to $10,
LOOK POONG SHAN.
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
.£3,000,000 £4,000,000
.£3,000,000
Agencles and Branchent
.ALOR STÅR
'AMRITSAR
BANGKOK
BATAVIA
UEBU
CULOMBO
DAIREN..
DELHI
HAIPHONO
HAMBURG
HANKOW
EUCHING
МАРДАН
MANILA
MEDAN
NEW YORK
PRVING (Poking) PENAND
BANGOON
THE HO HONG BANK, LTD.
(Established 1917.)
THE CHINA
HEAD OFFICE:-SINGAPORE, Hong Kong Branch: 13, Queen's Rd. C.
Authorised Capital. Straita $20,000,000 Issued Capital ....
Paid-up Capital
Reserve Liabilities
of Shareholders. Surplus
8,000,000
4,000,000
4,000,000
MAIL.
Commerce
Finance
2,687,000 THE SURVIVAL OF
Branches, Agencies and Correspon. dents in the principal cities of“ the, world.
Every description of Banking and Exchange business transacted.
TAN ENG HOOI,
Manager.
BANQUE DE L'INDO-CHINE. ̧
HEAD OFFICE: #6, Boulevard Haussmann, Paris,
Subscribed Capital „Fra 72,000,000.00 Pald-Up Capital ...Fra. 88,400,000.00 Reserve Funds ....FT.102,000,000.00
BOMBAY
DALOUITA.
CANTON
CAWNPORE ·
SAIGON
SEMARANG
SEHENDAN
BHANOMAL
SINGAPORE
HARRIN
SITIAWAN
RONG 1036
BOURABAYA
ILOILO
TAIPING..
.TIENTUIN
TORTO
KLANO
TONOKAN (Bhukah)
TANO140
Canton
KUALA KANGSAR
General
FARAGHI
KODE
YOKOHAMA
KUALA LUMPUR TAMBOANGA
Foreign Exchange and Banking business transacted.
Current Accounts opened and Fix- ed Deposits received for one year or shorter piriods at rates which will be quoted an application.
Manager.
J. STUART,
Hong Kong, 17th August, 1081.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(NBIIRELANDS TRADING BOCIETY)
BANKEMB
Established 109i,
tara Long Ofori-ki, Qama'a Bond Danusi.
Authorised Capital Quilders 186,000,000- (3.800,000.) 2016-09 Capital ... Dulidaes 80,000,
(23,068,177} Kvarts Fund,
Guliders 10,013,806
Head Ofos—AMSTERDAM” Kasten Hood O-BATAVIA. BRANCHES 1- Bendjarmária, Bandomg*, Dowolny, Caloutta, Charbon, Dubad, Djoki žnicarte", The Esgue", Yeddah, Kibe, Kota-Badja, Maksoeur, Madan, Padang Palembang, Pakalimpa, Fecisas. Yentional Bangoon," Botterdam Marmarang Shanghai. Bubalgi
(Hsmates). Singapore, Bourabela, Bograkarta (Solo), Togsí,. Thilalap and "Walterradan".
• Thers offom kara nude deposit boxes so let, London Baskari-Kational Provincial Bank Est.
Correspondente all uras the world
Banking business of every
description treacled.
A. BTOLKINE.
Elona Lond. 185 August, 130.
THE
BRANCHES:
Bangkok Hong Kong Quinhen Battambang Hur
Saigon Shanghai Canthe
Singapore Thành
Tiantain
Dilbouti Numea Fort-Bayard Fapeets Haiphong
Bankow Hanci
Peking Tourang Phom-Panh Vinh Pondichery Yunnanfe BANKERS:
IN FRANCE: Comptoir National J'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Paya-Baw: | Credit Industrial at Commercial; So- 1 Generais.
Para; Credit Lyonnais
CAPITALISM.
An I.L.P. Member's Speculations.
"JUST POSSIBLE."
The suggestion that capitalism, if it came through the present crisis would take a new form much near- made by Mr. er to Socialism was M. P. Price, M.P. for Whitehaven, speaking at the Independent Labour Party Summer School at Digawell Park, Welwyn. recently. . Mr. Price's subject was "Is capitallam collasping?"
that
Referring
to the Industrial situation, Mr. Price said many of the great industries were
banks. mortgaged to the
"Will the banks use their overdraft posi-
tion to force rationalisation, amal
1
gamation, and ellciency by forcing i these concerns Into liquidationTM" he asked, "The present problem la of not insolubile to the leaders finance and industry, but it will be interesting during the next few years to find out, whether they have the guts, so to speak, to cut the dead wood and get on."
Changed Outlook.
The oventa of 1931, said Mr. Price, had brought the aspect of the present crisis with regard to mal- distribution of gold and war debts
He said that he had seen three to a head and manifested itself in wholesale price collapse. Mr. revolutions, two in Russia and one Price said he had been present 'when in Germany, and witnessed their failures and the slowness of the important men, bankers and finan- clera, had discussed the position, development of things after the and it did not seem to him than volution and breakdowns in eocial that they realised the full gravity and economic structure. "In
of the problem. "It seemed to me Germany," he said. "I saw the that there was going to be a smash
far worse than the Russian Revolu tion crash., But I am bound to say that since the change of outlook which has been produced by the Hoover offer and the place taken by the City of London in the past few weeks and, last but not least, the publication of the Macmillan Report it is possitie that they understand just
IN LONDON: The Nations! Provin. Immediate results of the revolution. & Union Bank of England, Ltd.; 1, personally, was very enthusiastic Comptoir National d'Escompte de indeed, and thought that Germany IN NEW YORK: . P. Morgan & was to have a great social revolu- Co., French Americans Banking Cortion which would make Central paration; Guaranty Trust Co. of New Europe the centre of Socialism.
saw that hope fade away, and be cause of that I am not quite so sure that capitalism is collapsing to
York
Interest Ellowed on Current Ac- counts and Fixed Deposita according to arrangements.
Every description of Banking and Exchange Business transacted. Safe Deposit Boxes to let,
A. BONNAUD,
Hong Kong, 1st May, 1931,
THE NATIONAL CITY BANK
OF NEW YORK.
Manager
HEAD OFFICE: 55, Wall Street, New York.
Capital, Surplus and
Undivided Profits ..U.S.$226,487,892
Branches in 2, ARGENTINE LONDON
BELGIUM
Manager.
BRAZIL
CHILE
CHINA
COLOMBIA CUBA.
DOMINICAN
REPUBLIC
INDIA
ITALY
AMERICAN EXPRESS COMPANY,
INC..
Head QMen: 65. Broadway. New York.
Chief Manager.
Capital Surplus Reserves
THE YOKOHAMA SPECIE BANK,
LIMITED.
Established 1880.
.U.B.$6,000,000 U.S.$1,572,454 U.S.$1,908,209
amyterdam
Albans
Balo
Bariin
Blarrile
BRANCHES:-
Основ Bingow BAYACA Hamburg Датто Interlaken
Capital (fully paid-up) Yen 100,000,000 Reserve Fund
Boraba
.Yen 118,200,000
Fraze Brussia Borse Al Calro
Jurusela Lado Leadon
Head Office:-YOKOHAMA.
Branches and Agencies ́st:
Alexandria
Batavia
Berlin" Bombay
Calcutta Canton Changchun
Fon
Hankow
Nagasaki .Nagoya
Newchwang New York Osaka
Paris
Pelping Rangoon
(Dalny)
(Makden) Alo de Janeiro
Harbin
Kong Molalu
KA! Yuen
Francisco
San Seattle Semarang Shangha Shimonosed Singapore Boerabaya Sydney Tientsin Tokyo Tsingtan Interest allowed on Current Ac. counts,
Karachi Kobe
London
Los Angeles Manila
Deposits received for fixed periods at rates to be obtained on application.
EL MORL
Manager. Hong Kong, 11th September, 1981.
Vannas Colorabe
Cecstaticopla Copenhagen Edinburgh Morgan
- GTA
Liverpool Incerca Laugabe
Maronition Monk Lario Manila
جاو لهولا
Montar Milan
Now Naplan Pirkapa Parla funang Faking Filers Bossardam Bana Hamboat Shanghal
culhatopics Singapor 81, orlis Tientata Visz na
Frulon Tokchacon Serals
Branches of American Express Company in Principal cities of Unit- ed States of America and Canada.
All classes of Commercial Banking Transactions undertaken.
Persone! investment handled.
accounta
The Company offers to intending Travellers the awe of its "Travelers Cheques" and Letters of Credit and, in addition, the world-wide services of its thoroughly equipped, Travel De- partment.
Afiliated with
THE CHASE NATIONAL BANK Resources ..Over G$2,500,000,000
C. H. BENSON,
General Manager,
|
JAPAN
MEXICO
PANAMA
PERU PHILIPPINE
ISLANDS
PORTO RICO
STRAITS
SETTLEMENTS URUGUAY
VENEZUELA
Commercial and Travellers' Letters of Credit, Travellers' Cheques, Billa of Exchange and Cable Transfers bought and sold. Current accounts 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.
We are also able to offer our Cus
the services of the Branches
tomara
of the International Banking Corpora- tion in San Francisco and Spain sad algo of The National City Bank of New York (France), 8.A., in Paris and Nico.
F. MED. COURTNEY,
Manager. Hong Kong, June 16, 1011.
THE BANK OF TAIWAN, LTD.
(TAIWAN- GINKO.)
HEAD OFFICE:-Talpek, Formosa.
Incorporated. by Special Imperial Charter, 1899.
Central Bank: la Portuena.. Bank-Hotm sated Armage amoună „Iam. 44,000,DON DRANCHES AND, AGENCIES: J4ZAN:-Takyo, Tokohama, Jobs, Osaka, FORMOSA 1-Diram,
Karenko, Kaslung, Malong. Manto, Eliücklien, Talobe, Inl Takno," "Tamani, Town, Hälla, TAIMS CHINA |--Shanghai, KaGROW Amoy. Froshow.
Swalow, Canion OTHERS 1-Hong Kong, Singapon, Bowshaya,
Semarang Belatin, Bonday, Celoni London, · New York, Daleen.
LONDON BANKEBS 1
(The · London County Wasimingne and-Piera Banh
The Bank has Correspondanti in ill the petsapal Commercial, Ossieur throughout the swell'
K. MAGURA.
Manage.
HONG KONG. BRANCH,
1. De Vanz Bond Osadal Hong Kong, 10th January, 19.
BRINGING UP FATHER
VYELL, WHAT
16 IT.?
ITS THE DOCTOR'S BEL AND IT'S
$450 2,7
YES -AND-A ONLY
TERRIBLE
WENT TO HUMA
FOUR TIMES
day."
"It is always more easy during, o war and in the Immediate after- math of war during a period of in- flation of prices and wages that have a tendency to rise to start a social revolution, The immediate effect of masa unemployment is a damper on any kind of revolu- tionary movement, and that is the difficulty we are up against not only in this country but throughout Western Europe and America."
THE BANK OF CHINA. 行銀國巾
Reorganised October 28, 1928, under special charter of The National Gov- arament as en
INTERNATIONAL EXCHANGE
BANK.
HEAD OFFICE: SHANGHAL
HONG KONG BRANCH: 4. Queen's Road Central
the problem, and
it
ia
possible they may take steps to remedy it It has hap- pened before that there have been minor crises
due to maldis- tribution of gold and lack of credit, and capitalism has saved itself by crude methods. It is just pos-
alblo they may be able to evolve a system whereby they make the rentier classes and the Bondholders contribute, and will not allow in- dustry to be strangled altogether, as it is being strangled at the pre- Bent time."
B.A.T. PAYMENT MAINTAINED.
Not too much eignficance should be attached to the declaration of the fourth Interim dividend of the Bri- tish American Tobacco Company at Subscribed Capital ....$25,000,000.00 | the customary rate of 10d., free of Paid-Up Capital -$24,710,200.00 | income-tax, for each £1 unit of Reserve Funds
.$ 8,620,503.82 Ordinary stock. At the annual meeting in January Sir Hugo Cun- iiffe-Owen warned the stockholders that they should realise that in all probability a reduced final dividend for the current year (ending on Owing to our numerous branches in September 30) was Inevitable. Of Chips and large connections in the fm-years the company has been in portant commercial centres of the world, we are able to extend to our clients special facilities for domestic and forsíga banking and exchanges.
We also handle the issue of Bonda and other Public Funds of the Chin- ase Government both at home and abroad.
BROU J. CHEN,
Hong Kong, 5th March, 1931.
Manager.
the habit of paying a final dividend twice no large as each of the four interims.
The final dividend, therefore, affords ample scope for reduction, if necessary. Apart from the de- cline in business and the reaction of the fall in silver on the com- (Continued in next Column.)
THE BANK OF EAST ASIA, LTD.
Established 1918. |-
HEAD OFFICE: ·
10, Des Voeux Road, Central
HONG KONG
Capital and Surplus ............... over H.$ 8,000,000.00 Total Resources ..
... oyer FL.$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.
Savings Account and Safe Deposit Boxes. Branches and Agencies all over the world.
*KAN TONG PO,
WELL', WHEN OLD-
AGE GETS A HOLD
CON YOU
WHAT
Chief-Manager.
NOW THE DOCTOR'S
BILL WILL BE MUCH
LARGER !
11
BUSINESS DIRECTORY
DRAWNWORK & EMBROIDERIES
SWATOW TRADING Co.
Established 1910. MANUFACTURERS OF
Swatow Drawn Work
AND.
ART EMBROIDERIES
ANNOUNCE
The opening of a branch stora At Gloucester Building Arcade shortly.----
Watch this space for further Announcements.
LITERATURE
BOOKS
f for All
Bibles, Pocket Testaments, Prayer Books and Stationery.
General Literatura “ Presentation Books Children's Books a Speciality.
SWATOW TRADING CO THE BOOK & BIBLE DEPOT
HEAD OFFICE:-6 Pedder St. Opposite Hong Kong Hotel 'Phone 28303.
ATTRACTIVE TAILORING
The Latest la Gentlemen's Outätting
AT PRICES TO SUIT ANY PURSE. PERFECT FIT AND RELIABLE SUITINGS. WING HING CO.
Gentlemen's Outåtters
64, Queen's Rd. C.
Tel. 21417.
DENTISTS.
HARRY FONG, Dentist,
lat door, No. 74, Queen's Road
Central. Tel. 21255.
TANG YUK, DENTIST ·
Successor to
the late BIEN TING, 14. D'Agullar Street.
TERMS VERY MODERATE Commitation Fres
ELECTRICAL SUPPLIES.
THE GLOBE FOOK CHEONG ELECTRICAL SUPPLY CO., LTD. 72, Queen's Road C. Tel. 28270,
ENGINEERS & SHIPBUILDERS.
W. 8. BAILEY & CO., LTD,
Kowloon Bay.
New Work & Repairs. Call Flax "L". Sole Agents for Kelvin Motors.
FRUITS.
AMERICAN FRESH FRUITS
Emperor Grapes Pearmain Apples Sunkist Oranges Sunkist Grapefruits Phillip Cllng Peaches
EX SS, PRESIDENT· HOOVER Arrived here, September 21 WING COFFEE CO.
Tel. 25869
189 Des Voeux Rd. C., Họng Kong.
pany's operations in the Far East, the addition of £80,000 to the Second Preference dividend require- ment for the current half-year has to be borne in mind, but the In-l crease of 251,880 in the balance) brought in deprives that element of real importance. The Ordinary units
over the lowest touched this year.
Wyndham Street. Next to King's Theatre. Agents for
British & Foreign Bible Society The Religious Tract Society and The League of Nations' Society.
HAIR DRESSERS
LEE YEE,
Ladies' and Gentlemen's Hair Dressers & Booksellers. No. 12, D'Aguilar Street. (opposite :Queen's Theatre).
LIANG YOU Gentlemen's & Ladies'
HAIR DRESSERS. King's Theatre Building, (D'Aguilar St. Side). Tel. 20315.--
MEE DICK
BARBER SHOP Ladies' & Gentlemen's Hairdressers. No. 76, Queen's Rd. C., 1st floor, Tel. No. 26497.
OPTICIANS.
THE HONG KONG OPTICAL COMPANY,
'Phone 22232.
53, Queen's Road Central
SHOES.
Fair Black or Browa Bhoes from $5.00. Black
or
Brown
Boots from $8.09. Children's Boots ar Bhoes from $2.08.
Best styles, most complete stock of all sizes.. Repairing a specialty. WONG SIU WOON $1, Pottinger St. Phone #1474.
SPORTING GOODS
ATHLETIC GOODS
REDUCTION SALE
NOW ON Inspection Cordially Invited.
closed at 70s. 74d., or 18, 74 THE LIANG YOU CO.,
70, Queen's Road C.
Gress Fílitusi nguo geserval
3 YEAR GUARANTEE
AND
2 YEAR EASY PAYMENT
GENERAL ELECTRIC
ALL STREL REFRIGEI
Call or write for full parti
on view at 2 min.
The Hong Kong Electric Co., Ltd, Wm. C. Jack & Co., Ltd.):
The General Electric Co., Ltd.
and Andersen, Meyer & Co. Ltd.