CHINA
MAIL.
TUESDAY, OCTOBER 27, 1931.
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorized Capital
Errand and Wally Taidep mammo 226,108,100 Jouervo Fusda-
Making anemia à 1,400,000 Sure. (10,000,000 Boners Klak Big al Progelators w... 120,200,001
KERAZ) #EFTON, HONG KONG.
BOARD OF DIAZOTORS (→→
Kan Mr. C. 9. K. Meskie,
Elon. Me. 7. #. Palatoon,
Busly Chairman:
K. . . Ball, T. 1 Fearon, Ho
* Compton, Esq. X. A. Plymmat, · Beg.
Laadu Lewis, Hog, T. II. H. Shen, Hon.
A. Muda. Mog.
ΑΝΟΣ
3. E. Warren, Bes
Onial Manager.
*6 Graybara, Weg.
ANCHE:--
LONDON
THE CHARTERED BANK OF INDIA, AUSTRALIJA & CHINA. Incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON.
Paid-up Capital
Reserve Fund
£3,000,000 .£4,000,000
Roserve Liability of Pro
prietors
.$8,000,000
Agencies and Branches:
LUSHING
MADRAS
ALOR STAR
AMRITSAR BANGKOK BATAVIA BOMBAY CALCUTTA CASTON CAWNPORE
CEBU
HAMBURO
HANILA
MADAN
N&W TOBI
KPING (Peking)
PKNANO
PANGOON
COXAMNO
DAIREX
BLIGON
ARMABANG
HAIPHOND
ВРЕДИВАЯ
BHANELAI
HAXHOW
SINGAPORE
LYOKE
HARBIN
UITIAWAN
MALAOUA
RONG LONG
BOURABAYA
ILOILO
TALPINO
BOMBAY
MANILA
IPOUL
DALORITA-
MUAM (Jakes!
ХАЛЛОН
CANTON
MUIDEN
ELANO
хов
ΕΜΠΡΟ
NEW YORK
COLOMBO
PRIPING
KUALA XANGBAN
BAXOXO
MATAVIA
DALERY
OOGEOW
IFEONG WANBURG ALANKOW *
WARNIN
MONOKER
ILOILO
LFOM
JOHOR
KORN
KOWLOOK
KUALA LUMPUR
PENANG BANGOON
BAIGON
SAN FRANCISONV
SHANGHA... SINGAPORE
BOT RABATA RUNGHI YAZAJI
TIENTSIN
TUETO
.TBIXOTLO
YOKOHAMA
Datras ate oprost in Lead) Overigey and hard Deposita escoitad for me zove, at starter periods in Loos! Ourrymey and ver
wem which will be quoted in appllanden. Kong Kong, Mik Fodenary, 1901.
HONG KONG SAVINGS BANK,
The Dariusin of the shove Bank is somőver-
ed by HONG LONG AND SHANGHAI BANKING CORPORATION,
•stalined on· application..
Balsa may be
FOR TELE HONGKONG AND SHANGHAI
· MARKING CORPORATION.
V. M. GRATEURN,
Hong Kong, 19th July, 1900.
Chlef Manager,
THE BANK OF CANTON, LTD. Established 191K.
Head Office: Hong Kong.
Aviberian Onglial (IE.I. Overonos) $11,000,ade Fold-Up Clapli .........
Booters Fund Donate
BRANCHES —
1,180,000
Chain Shanghai, Hankow, Ersler, Bangiok Bay Tech sad Son Traders,
CORRESPONDENTS
LONDON SANTERS :---
The Llard's Bank, Lézalbed.
in all principal cities of the World.
Torgs kange and beating bednom o
arity Loveripilen Gramenoted.
Sas Depois Bane (various done) at a
marly
·LOOK POONG BHAN,
KUALA LUMPUR
TIRMY BIN
TOKYO
TONOKAH (Bhuket)
TRIMOLAO
TOKOHAMA
LAMBOANGA
Foreign Exchange
and General
Banking business transacted.
Current Accounts opened and Fix-
ed Doposita rooolved for one your ur shorter periods at rates
be quoted on application.
which will
J. STUART,
Manager.
Hong Kong, 17th August, 1931.
NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.
(NETHERLANDA TRADING BOCIET])
BANKERS.
Established 18H, Hips Xang Oos:--il, Umen's Boni Omaseni. axherived Capital -------- Guildsen 168,800.000. ................. Grilldars 10,016,00€ Fold-Up Deplia!
(ALAR_179) BT Fund Gružidaru 40,415,200
(23
Bead Udhoo-MSTERDAM" Eastern Hand O#29:~BATAVIA. BMA NOIMA)- Bandjarmasin, Bandonna". Bombay, Calcula, Chariton, Djacabar, Djok Jakarta", The Hague', Zodiak, Köbe Lola Bada, Makasoor, Modas, Fukasa Pylambrag Fokalongan, Pang Pontianak Bangoes, Zobierdam Mazharsog", Bhat Sibolg
Tjilatey and
(Damars
Beerakarta (Bolė),”
Waltereodal".
* Three olsom hare sale deposit boxes in las London Bankar-Botional Provinsial Zank Kö
Correspondeci ali onar the world
Bambing bosses of avary description trespacial.
1. STOKKINE,
Eng Lang, 184h Angua), 1900.
THE
Manage
Chief Kanager. AMERICAN EXPRESS COMPANY,
THE BANK OF CHINA. 行銀國中
Reorganised October 20, 1918, under
special charter of The National Gor
erament as an
INTERNATIONAL EXCHANGB
Bubscribed Capital...$25,000,000.00
INC.
Head Office: 65, Broadway. New York
Capital
.Surplus
Reservas
BANK
Anty.
Pald-Up Capital
$24,710,200.00
Reserve Funde
..$ 2,820,503.89
Resis Berlin
Biarri
Babay
HEAD OFFICE: SHANGHAI.
Bremen
Bessels
HONG KONG BRANCH:
4, Queen's Road Contral
Owing to our numerous branches in Chins and large connections in the im- portant commercial contres of the world, we are able to extend to our special facilities for domestic clients and foreign banking and exchanges.
We also handle the lane of Boads and ather Public Funds of the Chin- 45 Government both at home abroad.
SHOU J. CHEN,
and
Manager,
Hong Kong, 5th March, 1931,
Bones Als
Calro
Calonia
BRANCHES
Ge
Glasgow Harian Hamborg Harry Ixtachikan Jorussian
Loodes Liverpool
Ingre Izo Marvellos
U.9.30,000,000 U.9.$1,672,454 U.5.$1,908,209
Baglan
Para
Penang
Feking
Palermo Botterian Boma Bamboot Shanghal
leathan
THE HO HONG BANK, LTD.
(Ertabled 1917.)
HEAD OFFICE>-SINGAPORE. Hong Kong Branch: 13, Queen's Rd. C.
Authorlied Capital Straits $20,000,000 Issued Capital
Paid-up Capital
Reservo Liabilities
of Shareholders. Surplus
...
8,000,000 4,000,000
#
4,000,000
Commerce and Finance
2,687,000 MEETING THE CALL.
Branches, Agencies and Correspon dents in the principal elties of the
world.
Erary description of Banking and Exchange business transacted.
TAN ENG HOOI,
Нападот.
BANQUE DE L'INDO-CHINI.
HEAD OFFICE:
Business Men and the
New Taxes.
GAS AND ELECTRICITY.
Mr. Lansbury on Their Benefits.
Mr. George Lansbury, First Com- missioner of Works in the late Gov. Sir Francis Joseph, Chairman of ernment, was the principal speak- er at the inaugural iunch in Lou- A. and S. Henry, Limited, and don of the International Illumina. September 1. President of the North Stafford. tion Congress on 96, Boulevard Hausmann, Parla.
shire Chamber of Commerce, who Lleut.-Colonel Kenelm Edgcumbe, Subscribed Capital. .Frs. 72,000,000.00 was a member of the Government chairman of the General Council, presided over a large attendance, Paid-Up Capital ... Frs. 68,400,000.00 Trade Mission to South Africs in which included Lord Wargrave, Reserve Funds ....Fra.101,000,000.00
the 1980, addressed the Manchester chairman of Luncheon Club on "Businessmen Electric Supply Corporation, Sir Francle Goodenough and Major and the crisis."
General Sir George Younghusband. Proposing the tomat of the Inter- Congress, national Illumination
BRANCHES:
Bangkok Hong Kong Quinhen Battambang Hue Ganthó
Canton
Djibouti
Fort-Bayard Paposts
Haiphong
Hankow
Saigon Shanghai Mengixo Nam-Dinh Bingapore Numea
..Thanka
Tiantain Peking
Tauran Pnon-Penh Vinh. Pondichery Yannanfu BANKERS:
EL Dol
IN FRANCE: Comptoir National Escompte de Paris; Credit Lyonnais; Banque de Paris of doe Pays-Bas Credit Industriel et Commercial; 80- Ace Generale.
IN LONDON: The National Provin-
Westminster
He said that people who talked glibly about putting more taxes on wealth should remember two things r. Lansbury said he understood hat one of the objects of the con- -first, that before, the now taxes erence was to make better known which we now had to face we had the advantages of the use of gas already imposed greater burdens on and electricity, and especially the every form of capital than was im-ways that either might be used with the idea of increasing both expen- posed in any other country in the diture and consumption. (Laugh.
a & Union Bank of England, Ltd.; world; secondly, that increasing the ter). Comptoir National d'Escompte de rate of tax only defeated the end in Paru; Credit Lyonnais.
He pointed out that the organisa-
IN NEW YORK: J. P. Morgan & view, bocause they were jeopardis-tion for making known the better use of illumination had been in Dur- Co., Franch American Banking Coring the chances of employing their existence for thirty years. peration; Guaranty Trust Co. of No capital in such a way as would ca-ing those years l those associated able it to earn the taxes levied upon with the task of lighting had done it.
their best to pool their knowledge
York.
Interest allowed on Current A counts and Fixed Deposits according to arrangements
Every description of Banking and Exchange Business transacted. Safe Deposit Hoxes to let,
A. BONNAUD,
Hong Kong, 1st May, 1981,
The vote of confidence given to and co-operate, and ho believed the Government did not mean that that the only true law of progress the crisis was over. In his opinion was to be found in co-operation. it had only begun. To put it blunt-He hoped that those interested in ly, the Government had published a the task of furthering the advant Manager. balance-sheet and made a call upon ages of gas and electricity would the shareholdere. It would need a do still more and more for the ser- good deal of ingenuity as well as vice of every department of human sacrifico on our part to pay the affairs.
·THE NATIONAL; CITY BANK OF NEW YORK.
HEAD OFFICE: 55, Wall Street, New York.
Capital, Surplus and
Undivided Profits ..U.8.$220,087,392
Branches in
ARGENTINE BELGIUM BRAZIL CHILE OKINA COLOMBIA
GUBA
LONDON
MEXICO
PANAMA PERU PHILIPPINE ISLANDS PORTO RICO STRAITS
REPUBLIC SETTLEMENTS
DOMINICAN
INDIA ITALY JAPAN
URUGUAY
VENEZUELA
calls. It was well that the Govern- "We hope that this congress will ment should know what support the see that the benefits of light will country would give to their pro- be still more appreciated," he add- prosals. "As business-men I think ed. "With unity and co-operation we can promise them that we will and the pooling and sharing of bur- pay up to the limit of our résources dens mankind can do much to bring Therefore, to put the credit of Britain right. us into the golden age. Beyond that limit we cannot go. ItI say, let there be light-full flood- corner of the is folly to demand it, but as busi-ed light-in every ness-men we know that unless we street, in every slum and in every put our credit in an impregnablo | village." position we shall soon find we have! no business." The support given to the Government by the business-men of the country would depend upon certain factors. There must be no new expenditure by Parliament, and
GRASPING NETTLES.
The technique of dealing with!
it was equally important that there nettles is really absurdly simple—it | Commercial and Travellers' Letters should be no new leglatation which consiste merely in grasping them of Credit, Travellers Cheques, Bille would throw burdens on the local firmly and working your will upon of Exchange and Cable Transfer authorities and increase the cost of them. Stroke them, attempt to de- bought and sold. Current accoMIČA and Savings Bank accounts opened local government. Genuine economy fleet them, seek to thread a tactful and Fixed Deposits in local and for- must be shown in every department way through them and you will bo aign currencies taken at rates that of our national and local services. may be ascertained on application to
the Bank.
stung for your pains, without re- moving a single nettle from your] path.
All this we, everyone of us, know perfectly well, but nine times out. of ten we suffer from the nettle. complex: we delay, we procrastinate, we consider alternatives.
Sense of Security Needed. We are also able to offer our Cas
Business-men realised as well as tomers the services of the Branches of the International Banking Corpora anyone the effect of reduction in tien in San Francisco and Spain, and the dole or in any form of social also of The National City Bank of service on the purchasing power of Now York (France), SA, in Paris the people, but it was economically unsound to believe that we could Manager. continue a rate of expenditure which compelled us to eat up our capital. Another thing that busi- every department of life from sca- ness men asked the Government was bathing to politics. In business, THE BANK OF TAIWAN, LTD. that there should be a sense of our nettles are the unprofitable de
and Nica
21. Morite
Mouse Carle
Tit
F. McD. COURTNEY,
Hong Kong, June 16, 1981.
Manila
Mundak
Montrex
Vianns
Truien Yokohama Zurich
Delamka Oncentia Edinburgh Forense G12072 .Branches of American Express Company in Principal cities of Unit- ed States of America and Canada:
All classes of Commercial Banking Transactions undertaken.
investment
#000 UNTE
Personal handled.
The Company offers to intending Travellers the use of its "Travelers Cheques" and Letters of Crodit and, THE YOKOHAMA SPECIE BANK, in addition, the world-wide services
LIMITED.
of its thoroughly equipped, Travel De- partment.
Established 1880. Capital (fully paid-up) Yen 100,000,000 Reserve Bund .......Yon 116,200,000
Hand Oce:~~YOKOHAMA.
Branches and Agencies at:
Alexandria Batavia Berila
Bombay Calcutta
Changchun
Harkow
(Dalay)
(Makdan)
Harbin Hong Kour. Honolulu
Kal Tuen
Kamchi
Koba
Los-Angelos
Nagasaki Nagoya Newchwang New York Osaka Paris Pelping
Rangoon
de Janeiro
San Francisco
Seattle
Semarang Shanghal Shimono s Singapore Soerabaya
Tokro
Tientsia
Talbotan Interest allowed on Current, Ab- conista.
Deposita received for fixed periodi at gator to be obtained on application.
E. MORL
Manager.
Hong Kong, Lith September, 1821.
Agilisted with THE CHASE NATIONAL BANK Resourosa..Over G$2,500,000,000
E. W. DUGGAN,
Manager.
(TAIWAN GINKO.)
HEAD OFFICE:-Taipeh, Formosa Incorporated by Special Imperial Charter, 1899.
The nettle-complex obtaine
THE STANDARD OF THE BUSINESS WORLD.
The five point" decimal tabulater grostly increases the speed of exacting work, such as ledger writing, billing and statistical work where amounts must be writ ten la columns.
The Crowning Achievement of the Typewriter
Leader of the World.
The five keys are just above the numeral keys, where they are ensi- ést and quickest to reach. Carri- age speed in tabulating is govern- ed by an automatic brake,
THE NEW UNDERWOOD STANDARD TYPEWRITER, MODEL No. 6.
Solé Agents:-
DODWELL
Queen's Bldg.
& CO., LTD.
Tel, 28021.
Who Said Depression?
strong indication that times employment for Canadians, the A siter, all, are not as bad as event, which has become one of the they might be was recently given town's regular events of recent at Fergus, Ont.; when a train of 27 years, was this year, vested with cara pulled out of the Canadian special interest and the employeus Pacific, Railway station, carrying of the plant and the townsfolk in products of Beatty Bros. Limited, general turned out to cheer the rasnufacturers of electric washing train as it sped away to distributo roachinery, With all the talk about its freight from coast to coast, "produced in Canada goods" and throughout the Dominion.
a state of crisis will continue; the
security. "It may be that that will partments we postpone closing down, burden of anxiety not less severe only be achieved by accepting the the inefficient subordinates we fall than others had to face between losses will be greater and the price dangerous 1914 and 1918. But now, as then, eventually to be paid will be in- challenge of the opposition and to deal with, or the
the sense of common cause will be creased. But the determination of trusting, as we have so often done account we hesitate to close.
source of enormous moral the country to have its house put Nobody will deny that the course & in the past, to the commonsense of
and politics in this strength. And, above all, we shall in order will peralat and new sor- the people. They know, in spite of of business the reckless promises made to them country during the past twelve feel for the first time perhaps since vants will have to be found to carry „Bank-Noten Sacred Average amoună „Ian. 64,000,000 by certain politicians, that the pld months and more has been through the War that at last, the things out the national will-Manchester
a quart one huge rettle-bed. Cotton, coal, which should be done are being done Chamber of Commerce. adage "You cannot get JAPAN-Tokyo, Tokohama, Kobe, Onaka. FORMOSA |--Crane Kag Karmin, Eng out of a pint pot still holds good." Iron and steel, and shipbuilding: and the nation is moving towards One of the faults of the middle these industries have all been pre-a discernible and desirable goal in- ONINA,Bankow, Amy, Foockew, classes, Sir Francis proceeded, had sented with the nettle, of Inevitable stead of drifting at the mercy of OTHERS; Long Blagspose, Bombays, been that they had taken no part in re-orientation to meet charged clr-wayward tides of circumstance.
Central Bank in Formosa.
BRANCHES AND AGENCIES 1..
Makong Base, Salachin Talcke, Isban, Takao, Tamen, Tom, Halo, TEK
Barstow Camion
Bemarang Besaria, Bombay, Landon, New York, Delu
LONDON BANKER,
London Cously Westaisier and Part's Hank
Tim Bank has Correpaculents all the principal
throughout the world..
"L. NAQURA.
Manager.
KONG KONG. KANCE
De Voux Bond Cinteal. Hana Kong, 19th January, 108,
For its second year of working, manufactures the
directors consider
OF EAST ASIA, LTD.business. When the general election Our nettles were throat-high and by a people more uniformly Indus-terests of shareholders will beat be
Established 1918
THE BANK
HEAD OFFICE: 10, Des Voeux Road, Central
TONG. TONG
over I.$ 8,000,000.00 over 11.$30,000,000.00'
Capital and Surplus Total Resources
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.
4
Oltia politics, and perhaps their greatest cumstances. Unemployment, the In' that mood and with a united Lactagol, which
mistake had been that they had let dole, mounting expenditure with country on a course of that kind, food of that name, has to record a the politicians make ridiculous declining revenue, the strain on the things will become possible which a decline in profit from £5,174 to statements and impossible promises monetary machine, India, and dis- year ago, were beyond the hopes of $4,201, but the without ever trying to correct armament, these have been the, the most optimistic. The material the results as satisfactory, in ylaw them. The crisis was serious shlef nettles of politics. The nation and moral reserves of the nation of the general economic depression enough, but with determination and has signally failed to grasp its will be found to be far more impres- and the financial difficulties encoun- practical. measures it would be put nettles; and left to themselves, like aive and powerful than the doubterstered in Colonial and foreign terri- right. The middle classes must let all ill-weeds, they have grown apaco have imagined during recent months tories. The opinion is expressed their opponents know-it might be until the beginning of August pre-of wallowing in depression. No that the cash resources of the com- for the first time-that they meant sonted us with the inevitable crisis, country in the world la populated pany are adequate and that the in- trious, courageous and persevering. served by the distribution of a came it would be on clear and 'dis- were beginning to choko us.
dividend. tinct issues-first, whether or not Writing before the political lasus No other country has a population
The board have, therefore, decided the credit of this country was to be of national economy has been set-so unified in their racial origins, destroyed; secondly, whether our tied, but with the probability of their instincts and their tempera- to make a payment of 3 pc.; against chance of maintaining our position some decisive action being taken ments. Once aligned on a united 4 pc., in the previous year, to among the nations of the world was before this article appears in print, front wo passess a potential solid-holders of the Ordinary capital. A to be imperilled.
we reflect what is certainly the arity which no nation can surpass.¦ sum of £900 is reserved for income- "I wish the leaders of the Labour mood of the country when wo aa-Our material resources will be tax, compared with £1,000, and pre- Party had some real knowledge of suma that one political masters will found to be of a magnitude which liminary expenses are written down finance. If they had to pass even evolve, under the spur of crisis, a will vastly increase our confidence by 2196, leaving £516 to be carried an elementary examination on the policy of serious and definite grasp in our destiny. That of itself will forward, against £124 brought into meaning and value of money we ing of the nettle. On that assump-bring about a re-birth of enterprise the accounts. should hear, perhops, some con- tion we can look forward to an and help to set our minds on the structive proposals from them as Autumin and perhaps a Winter of only final solution, which is hard regards our present difficulties, rigorous national action. We shall work wi
All'this' assumes a political settle and those who place their faith in have much to bear that will ba’Hard them would be fed on reason rather and offerous, and many individuals ment within the month of August. Ithan on the present diet of words." will suffer concrete hardships and a Should that unhappily not eventuato,
One of the problems of midāla lie is to avoid contracting bad debta to ourselves, for it is in old age that these bad debts become parable, Prof. Sir Arthur Thomson.