THE
CHINA
MAIL.
SATURDAY, SEPTEMBER
26, 1931.
Branches, Agencies and Correspon dents in the principal cities of the world,
Every description, of Hanking and Exchange business transacted.
TÁN ENG HODIN
Manngor.
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Atherton Capital
000,000,000
lived and Fully Paid-up mi 89,000,000 5 Andoren Funds—
Blog.............. £ 6,440,100
$10,000,000
Bar LAN Propriators 830,000,000 HEAD &FFICE: KÒNG KONG.
MARD OP DIKTATORI :-
20, Mr. O, G. B. Matto. Chair..
non, Mr. 2. J. Paterson,
Deputy Chir
Mall, T
י
PARTID,
Compton, Kay. 2. . Plus, Teg. Lader Lexis, Yng, T. 3. Absw, Erg. Mau.
V. 7. Warren, Bog. ·
Chial Manager.
* Greyburn, T.
ANCHEB:
LONDON
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1868.
THE HO HOND BANK, LTD.
(Established 1917.)
HEAD OFFICE:-SINGAPORE. Hong Kong Branch? 13; Queen's Rd. C.
Authorised Capital Straits $20,000,000 Issued Capital
8,000,000
Paid-up Capital
4,000,000
Reserve Liabilities
HEAD OFFICE: LONDON.
Paid-up Capital
of Stareholdera. Surplus ..............
*
4,000,000 2,087,000
Reserve Fund
Reserve Liability of Pro-
prietors
.£9,000,000 ,$4,000,000
.£3,000,000
Agencica and Drachen:
ALOR STAR
KUCHING
MADRAS
MANILA
MEDAN
AMBITUAR BANGKOK NATAVIA DUMBAT JALCUTTA CANTON
HAMBURG
CAWKFORD
CEBU
COLOMBO
DAIBEN
BATOON
DELOR
HEMANANG
FLAIPHONG"
SEUKMBAN
SHANGHAI
HANHOW
HINGAPORE
LYOKY
HARDIN
SITIAWAN
EUNG EONG
MALIONS
ILOILO
TAIMING
BOMBAY
NAMILA
TIENTRIN
Bangkok
KABACH
TOKYO
GALOUTTA
MUAN Umatel
KIANO.
TONGKAH (Bbykai)
ANTON
YURDEN
Ganthe
TRINGTAO
KUALA KANONAB
YOKOHAMA
Canton
PEINING
ZAMBOANGA
AMIIT
AANUKO
XATAVIA
CATEFOO
COLOMANO, DAIREN
MAMBURI
LANYOW
DARTIN
LOILO
GOKOHA
(1)WLARIN
ZALA DUMFOR
NEW TORK
PENANG
KA SQUON
HAJDON
363
A
SITANUITA
MANGATURK
SUURANAYA
HUNGEN PATANI
TIENTRIN
TOKYO
TEINITAU
YOKOHAMA
Our comis' openid in
Lost Derranty
A Piza Hapoel received loft and pr everter perioda i Looal Carnesey zed dieti
* Dorces which will be quoted on applimića.
Rong Kong Pebruary, 2001.
HONG KONG SAVINGS BANK,
The Bualous of the abora Busk la conduct the ITONG KONG AND BLANURAI Пет May be
BANKING COUPONATION.
bined on application.
POR THE HONGKONG AND BHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,' --
Hong Kong, July, 1980.
THE BANK OF CHINA...
行銀國中
Beorganised October 26, 1928, under
special charter of The National Gov. ornment as an
INTERNATIONAL' EXCHANGE
BANK.
Subscribed Capital $25,000,000.00
Pald-Up Capital
Reserve Funds
$24,710,200,00
..$ 8,620,503.82
HEAD OFFICE: SHANGHAL
HONG KONG BRANCH:
4, Queen's Road Central
Owing to our numerous branches in China and large connections in the im- portant commercial centres of the world, we are able to extend to our clients special facilities for domestic and foreign banking and exchanges.
We also handle the issue of Bonds and other Public Funds of the Chin-
both at home esa Government abroad.
KOBE
NEW YOUR
PEPINU (Voking) PIZNANO BANGOON
BOUNANAYA
KUALA LUMPUR Foreign
and General Banking business transacted.
Erthangé
Current Accounts opened and Fix-
cd Deposits received for one year or shorter periods at rates which will be quoted on application.
J. STUART,
Manager. Hong Kong, 17th August, 1931.
NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.
INKTURELANDS THADING SOCIETY:
DANKEER.
Established 1894. Rong Kong' Othon :—13, thusen'a 'Bood Central,
Autocad Caplia), ....................... Guilders 180,000,000. (21,550,000) Quildsen 60,000,00 ParkUp Capital
(40,609,170) Mesere utd
..................................... Guilders $0.01,009
Head Office-AMSTERDAM' Bestern Head OBG:-BATAVIA, BANO-Bandirmesin, Dandong". Bombay.
Calouste, Cariboo, Ijambe, Djok jakarta, The Elague", Vaddak, Köbe. Kota Badia, Mukassar, Medan, Padang Palembang, Pakalongan Pang Pontianak, Rangoon, Rotterdam", Samarang“. Baba, Bibal (Burma), Ringapore, Baursbala Boerakarta (Bolo). Togul, Tiikajap ko Waltevreden.
• Tunes picos hare safe deposit.bose to let Leo Bankeru:-National Provindal Bank Ltd
Correspondant all over the world
Beaking business of ovary
description transacted.
▲ STOKKINI.
Hong Kong (85 Auguel. 1900.
THE
Manager.
AMERICAN EXPRESS COMPANY,
INC.
Hand Office: 65, Brandway. New York.
.U.S.80,080,000 .U.S.$1,572,454 .U.S.$1,908,209
Capital Surplus
Beserves
and
Austardan Antworp
Manager.
Baske
BRANCHES:-
Genom Gaga Baraza Elubrizg
Berlin
SHOU J. CHEN,
Hong Kong, 6th March, 1981.
THE BANK OF CANTON, LTD.
Established 1912. ̧-- ...
Head Office:Hong Kong. Arborsod Capital (EK. Oarranty) $11,000,000 Pald-Up Captain
Bogorra Fund ema
BRANCHES
1,100,000
Canton, Shanghai, Hisakow, Bestow, Bangkok, New York and flan Frugalice.
CORRESPONDENTS
LONDON BANKRES *** The Lloyd's Bank,· Kdmised,
In alt petacipal cities of the World. Forsign stokangs and banking basizes a
diption transected.
***Deports Bones Cordons does) as a punchy
estel of from 15 to $40,
LOOK POONG SHAN,
Chief Manager.
مممطور
Barrita tombay
Bremen
Krussala
Btree
Dea
Calcutta
Globe
1.
Costantinopla
Copenhage
Interlaken Jarussalam Lião London Liverpool
Lagano
Nico HARIA Pleamsa Juris
Taking Falermo Rotterdam Bome Stateboal
bo
Keulhampio Singapore
Mjes Monte Carta
ds, bet Trainin
Manlis
Munich
SELAMUN Juli Laz
Viezum
Venipa
Yokobara Kurich
Florence DADRA
Branches of American Express Company in Principal cities of Unit ed States of America and Canada.
All cluases of Commercial Banking Transactions undertaken..
Personel investment accounts .handled
The Company offers to intending Travellers the use of its "Travelers Chequer and Letters of Credit and, THE YOKOHAMA SPECIE BANK, in addition, the world-wide services
· LIMITED.
of its thoroughly equipped, Travel De- partment.
Established 1880.
Affiliated with
Capital (fully paid-up) Yen 100,000,000 THE CHASE NATIONAL BANK
Beserve Fund.........Yen 116,200,000
Head Office:~~YOKOHAMA,
Branchen and Agencies at:
Alexandria
Batavis
Berli
Bombay
Valeuita
Canton
Changchun
Dairon (Dalay).
Nagasaki
Nagoya Nowchwang
New York
Danka
Parla
Fenilen (Mukden) Blo de Janeiro Hamborg Haukow
Kong
Honolulu
Уцел
Kareshi
Kobe
· London ·
**Lon" Angdios
SAT
Francisco
Chimono sh Singapore Boerabaya Sydney Tientsin
Tokyo Tringtan Interest allowed on Current As
+16
Deporite received for fixed periods
at rates to be obtained on application,
EL. MORI, A.
Hong Kong, 11th September, 1911.
Resources ..Over G$2,500,000,000
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
#6, Boulevard Haussmann, Paris, subscribed Capital Fra 72,000,000.00 Pald-Up Capital...Fra. 68,400,000.00 Reserve Funds Fr.102,000,000.00 BRACES:
Bong
Battambang Bue
Mongiza
Nam
Dinh
Kong Quinhom
Saigon Shanghai Singapore Djibouti Numan
Thanks
Mantain Fort-Bayard Papeete Haiphong Feking Tourana
Poon-Penh Vinh Hankow Hanoi
Pondichery Yunnanfu BANKERB:
IN FRANCE: Comptoir National PEscompte.de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas Credit Industrial et Commercial; So
slabe Generale.
and
Commerce
Finance
SHARE MARKET.
Weekly Reports by Brokers.
CARROLL BROS.
Docks, Wharves and Godowns:- Kowloon Wharves were transacted at $164.25 early in the week but have now dropped to $151.00 buyers. China Providents after business, at $6.55 for the Okl sifares and $3.15 for the Now fell away to $5.75 and Old $3.00 respectively but the ahares have now recovered to $6.00.
Hong Kong, Sept. 25. We have to report a very disturb-Kowloon Docks could be placed at ed period during the week under $30.00.
Public Utilities:
Hồng Kông review which was somewhat remin-
Fol-Trams were put through early this iscent of the crisis in 1925. lowing the sudden announcement of week at $23.90 and have now fallen the departure of Great Britain to $21.00 buyers, Star Ferries from the Gold Standard our market have buyers at $95.50 and sellers immediately showed signs of un- at $96.00. China Lights have had casiness and it was not long before a sensational drop from $29.70 a wave of selling started, resulting business done early in the week to in a fast decline in prices in prac- $26.25 but a quick recovery took as will be seen place and price has gradually risen tically all stocks
time of from the detailed particulara given to $28.00 buyers at the below. We believe this market writing. Hong Kong Electrics aro would have been little affected by buyers at $80.00 against .$83.25 ́a the recent events in London but the few days ago. Hong Kong Tele- near approach of the September phones are wanted at $30.75.
Miscellaneous:-Canton Ices have Settlement precipitated liquidation'
at $8.00 nominal.
of the large number of shares which been acgfected have been carried over from pre-Cements on the market opening this
IN LONDON: The National Provin-vious settlements, speculators, ap-week were done at $20.70 but dur & Union Bank of England, Ltd.;parently taking a pessimistic viewing the slump dropped to $18.25, at Comptoir National d'Escompte of the future. However, yesterday which rate shares changed handa:¦
ama; Credit Lyonnais.
do
IN NEW YORK: J. P. Morgan à Co., French American Banking Cor- poration; Guaranty Trust Co. of Now York.
Interest allowed on Current Ac- ounts and Fixed Deposits according
arrangements.
Every description of Banking and Exchange Business transacted. Safe Deposit Boxes to let
A. BONNAUD,
Hong Kong, 1st May, 1931.
4:
"Manager.
THE NATIONAL CITY BANK
OF NEW YORK.
HEAD OFFICE: 55, Wall Street,
New York..
Capital, Surplus and
Undivided Profita..U.S.$220,037,802
Branches in:- ARGENTINE LONDON
BELGIUM
BRAZIL
CHILE
MEXICO
PANAMA
PERU
CHINA
COLOMBIA CUBA
DOMINICAN
REPUBLIC
INDIA
ITALY JAPAN
PORTO BICO STRAITS
SETTLEMENTS URUGUAY VENEZUELA
1
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 Deposits in local and for eign currencies taken at rates that may be ascertained on application to tho Bark.
of
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 New York (France), SA, in Paris and Nica
F. McD. COURTNEY,
Manager. Hong Kong, June 18, 1991.
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)
HEAD OFFICE:-Taipeh, Formosa.
fucorporated by Special Imperial Charter, 1899,
Central Bank da Pormons. Bank Notes uued virage amoent „Ian. 4,000,000 BRANCHES AND AGENCIES: 2AFAN-Tokyo, Yokohas, Kobe. Ovaka FORMOSA 1-U
Eselang Makong, Naito, Ukipakiku, Tricho, Taina Takas, Tamsul, Tosa, Lisia, Tailo CHINA-Bhanghai, Bankow, Amey, Foooho,
Swalow," Carton. OTKKES ---Ég Kong, Singapore, Bombay
Bamak
Ebay. Celosia, London, New York, Dairen,
LONDON BANKERS I
www.
The London Scaly Westminster and Parra Bank. The Bank has Corrispondente in all the principal Comecial Candesm throughout the world.
I. MAGURA.
Massy.
C. IL BENSON,
General Manager.
HONG KONG BRANCH:
3. De Your Bond Cesirai, Hong Kong Ink January, 1838
THE BANK OF EAST ASIA, LTD.
Established 1918.
10, Des Voeux Road, Central,
Mr. G. A. Harriman's week- ly share report will be found on page 7.
shares
I
on
they have now improved to $19.00 buyers. Hong Kong Ropes have sellers at $20.50, Dairy Farms Amuse- changed hands at $30.00. ments have buyers at $26.50 for the Old shares and $24 for the A & B shares. Constructions have experi- afternoon a reaction set in causing enced a sharp drop from $14.25 to a slight recovery in prices and in $11.00 buyers. Lane Crawfords re- fact it was found difficult to main quiet at $7.50 for the Old ordera at rates which sellem were
and $7.16 for the Now. - offering earlier in the day. The Watsons are wanted at $16.00.
improvement has been maintained
To-day's rate of Exchange this morning and at the time of London T.7. is 1/14 and on! writing the market is decidedly Shanghai 77. more buoyant. We are of the Forward Settlement Days: Septem- opinion that there will be an ad- her 28, October 27, and November vance in prices all round (with the 24, 1981. exception perhaps of the Sterling dividend stocks which will fluctuate with Exchange) after the Septem- ber Settlement is out of the way.
Banke: Owing to the rise in Exchange Hong Kong Banks have dropped to a selling rate of $1,825 agreement between the producers against $2,040 buyers a wook ago. of the natural and synthetic pro- Bank of East Asla continue buyers ducts terminated on June 30, and al $138.00.
a few days ago it was announced Insurances-China Underwriters that negotiations for a renewal of neglected af $0.15 nominal. the arrangement had broken down. Union Insurances have fallen away. Since the middle of July there has to $510 sellers from $557 buyers been intense competition between in the curly part of the week. Can- German, Dutch, and Belgian pro- Insurance, China Fires and ducers of sulphate of ammonia, Hong Kong Fires have no inquiries, the price of which has been forced Shipping:-Douglases are inquir-down on the Continent to £4 per ed for. at $22.50 and Waterboats ton. at $28.00. Steamboats can probably be obtained at $28.00.
are
ton
Mining-Benguets have improv-|
of $12.00, ed to a buying rate Raubs have changed hands at 337.50, Goldfields are $2.25 nominal.
NITROGEN COMPETITION.
Important eventa Are taking The place in the nitrate world.
Meanwhile the Chilean product has been dealt in virtually at last season's prices, with a "fall clause" In the contract, except in France and Egypt, where prices have been
1
fixed for the current season.
A World Cartel? Lands, Hotela and Buildings:—
Now comes the news of a price Hotels yesterday touched $16.00 sellers after business at $17.30 in cut by Cosach in the European market. In some quarters this re- the early part of the week but they duction has been interpreted as an have now improved to a buying rate
of $15.70 for the Old shares. Hong early move in a price war between Chilean and synthétle ́ producers, Kong Landa were done as low an $85 but they have now recovered but in well-informed circles in to a buying rate of $86.50 Hong London it is believed that the Ger- Kong Realtys after business at man, Dutch, and Belgian producers $15.40 have advanced at $16 buyers, and that an agreement will short- have patched up their differences, the rate a few days ago being $17.00. Humphreys Old shares y be reached between Chilean and
producers for
the changed hands the beginning of the European
creation of a now world nitrate wook at $22.25 and yesterday were
cartel. done at $20.00.
Cottons:-Ewo
Should this expectation materi- Cottons. showed alise, new quota and price arrange- great strength the early part of the mente will no doubt be made. It week, business being done up to should at least mean some allevia- Tacis 16.40 but they are now tion of the present, state of exces quieter with buyers offering Taels sive production, which is harmful 16.75. Shanghai Cottons are very for all participants. Apart from Weak owing to a threatened boycotta fall of % to 12% discount in of yarn produced by that concern.
THE MERCANTILE BANK OF
INDIA, LTD.
HEAD OFFICE
10. Growaburch Street, Lowica, ECA Authorised Capital...£8,000,000 Subscribed Capital ........ 1.800,000 Paid-up Capital .............. 1,050,000 Reserve Fund and Rest 1,866,845 BANKERS:
The Flick's EngSnd Midland Bank, 134, DRANCHER. Spole Lantz
Bangkok
HEAD OFFICE:
HONG KONG
Balevis Bombay
Capital and Surplus ..
Total Resources
over ILS 8,000,000,00 14912, over £$30,000,000.00
Calcutta
Colorate
↑ Los Barr “Kuala Kesi
Delhi
Onda
Kuala Lumpur
Every description of Banking and Exchange business transacted.
Current and Fixed Depozit 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,
New York Paning Fort poly
Copach bonds, there was not much change In Chilean nitrate securities. Lautaro £5 Preferred shares were quoted at 14.
SYNTHETIC RUBBER.
A Soviet Claim.
The claim that a Russian has aolved the problem of obtaining synthetic rubber is made in the announcement in Moscow that the Central Executiva Committee has awarded the Order of Lenin to Pro- fessor Lobedev and Engineer Krause for this invention, while the same decoration has been con- ferred upon Professor Yushkevitch Every description of Banking and Exokung band the engineer Karshavin "for
Rangoon Shanghai Mana Edastan (Pahang!" Bingapore +Madra 155
orb
HONG ING BRANCH.
done traanitude EDPA,
Travaders Obogam inrcund,
Trustee and Executorships under-
taken; WW -INTEREST - Soest ̋an | Omenti -: Anconale and Fixed Deposita, ak Hales, that meet, be aisled Fan-application?
C. L. SANDES
Chlef Manager,
7. Queen's Hood 'Gazteni,
Manager.
inventing a new method of obtain. ing sulphur gaa"".
According to the Tass Agency prizes of 10,000 roubles have been awarded to Professor Yushkevitch and Professor Lebedev, and, 5,000 roubles to their chef assistants.
THE STANDARD OF THE BUSINESS WORLD.
The five point decimal tabulator greatly increases the speed of exacting work, such as ledger writing, billing and statistical work where amounts must be writ- ten in columns.
The Crowning Achievement of the Typewriter
Leader of the World.
The five keys are just above the numeral keys, where they are e
est and quickest to reach. Carri age`speed "în tabulating is govern ed by an autohtatic brake
THE NEW UNDERWOOD STANDARD
TYPEWRITER, MODEL, No.
Sola Age
DODWELL & CO., LTD.
Queen's Bldg.
Tel: 28021.
SUN HELMETS
For Naval, Military and Civilian Wear.
We have..now received a
full selection of Sun "Helmets suitable for all
Occasiona and guaron.
teed Sun Proof as well ha Bain-
proof,,
Also latest styles in STRAW HATS. ·
Prices moderate. Inspection invited
THE BAKILLY CO., LTD.
153-155, Des Voeux Road, Central.
quality
Sells
*A Whisky in a class big Roolf, which has been in thi ae fimily ever since it Em DepcionOvermas Daily Ma Wm. Sanderson & Son. Distillers ~~~ LELTH
£.14.1863
VAT 69
Agents:
L'OXLEY & COMPANY.