THURSDAY, OCTOBER 29, 1931.
BUSINESS DIRECTORY
DRAWNWORK & EMBROIDERIES
SWATOW TRADING CO.
Established 1910. MANUFACTURERS OF
Swatow Drawn Work
AND
Art Embroideries
-ANNOUNCE
GRAND
OPENING SALE
NOW ON
AT NEW BRANCH STORE GLOUCESTER BUILDING
ARCADE.
SWATOW TRADING CO.
HEAD OFFICE:-6 Pedder St. Opposita Hong Kong Hotel 'Thond 23303.
ATTRACTIVE TAILORING
The Latest in Gentlemen's Outfitting
AT PRICES TO SUIT ANY PURSE.
PERFECT FIT
AND
RELIABLE
SUITINGS.
WING HING CO.
Gentlemen's Outfitters
64. Queen's Rd, C. Tel. 21417.
Very Nice Woolien Materials
For
Making Ladies' DRESSES
&
OVERCOATS-
Also FURS &
SILK HOSIERY Expert Tailoring Department. LEE MOWER.
Chinese Silk Hosiery Store No. 1, D'Aguilar Street
DENTISTS.
HARRY FONG, Dentist,
1st floor, No. 74, Queen's Road.
Central. Tel. 21255.
TANG YUK, Dentist.
Successors to
the late SIEN TING. 14, D'Aguilar Street,
TERMS VERY MODERATE Consultation Freez
ENGINEERS & SHIPBUILDERS,
W. S. BAILEY & CO., LTD.,
Kowloon Bay. New Werk & Repairs. Call Flag "L" Sole Agents for Kelvin Motors.
FRUITS.
LITERATURE.
BOOKS for All
Bibles, Pocket Testaments, Prayer Books and Stationery.
General Literature Presentation Books Children's Books a Speciality. THE BOOK & BIBLE DEPOT. Wyndham Street.
Next to King's Theatre.
Agents for
British & Foreign Bible Society The Religious Tract Society and The League of Nations' Society..
GENERAL PROVIDERS.
Just
arrived
A Fine
Belection
of
GENTLEMEN'S AUTUMN HATS.
We have also a very fine range of
TIES in all the latest new Autumn colours and patterns.
WE SOLICIT A TRIAL.
THE CENTRAL CO. 193. Des Voeux Road C. Tel 27023.
HAIR DRESSERS.
LEE YEE,
Ladies' and Gentlemen's Hair Dressers & Booksellers.
No. 12, D'Aguilar Street. Copposite Queen's Theatre).
LIANG YOU
Gentlemen's & Ladies' HAIR DRESSERS.
King's Theatre Building, (D'Aguilar St. Side). Tel. 20315.
LADIES' AND GENTLEMEN'S HAIR DRESSING SALOON.
ON LOK (AH HING)
10. Wyndham Street, 1st Floor, Entrance On Lau St. Tel. 22317.
Now in season CALIFORNIA PEARMAIN APPLES
Just Arrived $9.00 per box. This is the most famous apple in the Orient. Quality: Crisp, julcy. sweet and highly aromatic.
Excellent keeping quality. Try a
box.
WING COFFEE CO.
Tel. 25869 139, Des Voeux Road, C.
OPTICIANS.
THE HONG KONG OPTICAL COMPANY,
*Phone 22232.
53, Queen's Road Central,
PHOTO-SUPPLIES
Kodaka and Cameras. Films, Plates and Papers, etc. Developing, Printing and Enlarging.
ZIESS and BUSCH FIELD GLASSES Price Moderate.
A Trial Order is Solicited.
A. SEK & CO.
Tel No, 29459, 20A, Des Voeux Road, C.
SHOES.
Ραίτ
Black or Brown Shoes from $6.00. Black or Brown Boots from $8.00. Children's Boats or Shoes from $2.00. Bost styles, most complete stock of all sizes. Repairing speciality. WONG SIU WOON
21, Pottinger Et
Phone 21474.
SPORTING GOODS.
ATHLETIC GOODS
AT:
THE LIANG YOU CO.
79, Queen's Road Central,
!
INDIAN BANK REFORM.
THE CHINA MAIL.
and
Commerce
Finance
Recommendations of
Committee.
joint-stock banks as are woll ea- tablished should open foreign. con- nections useful to their clients.; Secondly, on the establishment of the Reserve Bank and the simul- |taneous withdrawal of the restrie-) tions now Imposed on the transac-'] |tion of foreign exchange businėna by the Imperial Bank of India, the latter should be induced to take an active share in the financing of The report of the Committee ap India's foreign trade. The Com- pointed to investigate banking con-mittee therefore recommend that ditions in India has now been pub the Reserve Bank should enter ¡lished..
into a definite arrangement with the Imperial Bank of India by which the Reserve Bank would
The main recommendations of the Committee are as follows:-
Every institution doing banking than a foreign bank, should have
business in British Indin, other
14
of natural-born or majority domiciled Indian directors.
A joint-stock bank with limited liability registered under the Act should
business not commence juntil ita paid-up capital is at least Rs.50,000. Its authorised capital should not be more than double the subscribed capital, and the paid-up capital should not be less than 50 per cent. of the subscrib- ed capital before commencement of business.
Until the reserve fund equals the paid-up capital, an amount equal to at least 2% per cent. of a bank's paid-up capital should be Laken to a reserve fund before dis- tribution of dividend.
In dealing with the financial re- quirements of industries, the Com- Imittee refer to the general feeling in India that. the progress made by the country in industrial develop ment during the last fifty years is very meagre compared with her vast resources. and the needs of her large population.
utilise the Imperial Bank as agents at places where the Reserve Bank
has no branch.
The formation of a provincial industrial corporation is also sug- gested in any province to ensure the supply of financial facilities to Industrial concerns..
SIR ERIC GEDDES AND THE. CRISIS.
Sir Eric Geddes has opportunely sent to the employees of the Dualop Company a simply and clearly ex- pressed letter oxplaining the origin and nature of the crisis. He begins with the trade balance, showing how, when it was favourable to us,
of "people
foreign countries, through their bankers, had to keep large sums of money In London in the balance due to order to pay
wa."
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION..
Authorizell Onglennys 868,908,998 Locus and Tally Mičur Ssenere Fandy
Beylag kommunen 2 1,394,800 ditrek wens. $18,000,000 Forvern Lob Käibe of Propelsinet - 296,000,000
ENAD MEYIƠN, HONG KONG,
BOARD OF DIRECTORS - H. Mr. 0. 0. I. Maakin. Chairma
| Kon. Mr. J. 2. Filorvos, Bipety Shalemana
Me 2, B. B, 7, * Tues. Mai ... Demplom, Zəq. J. A. Flumum, B.
Land Lewis, X. T. X. X. Show. Bes. mukt Mag.
AMOY SANDKO VATAVIA
BOMBAY CALOUTTA SANTON AMT00 COLOMBO DAIKEN
YOGDEDW MAXPHONO
GLAM MUSC ПАНКОН MAZZIN
·KONGKUW
LAILA
ΤΟΠΟΣ
KOWLOON
J. P. Warren, Mag. Unit Maan
*. Gunzburu, Be
ANCHES:~~,""
(CALA LUMPUR
LUNDOR
LIONE
MALAODA
MANILA •
MCUAB (Jokara MUXDEN NEW YORK PEIFING
PENANG
BANGOOK
BAIGON
HAN FRANCISCO SHANGHA
BINGAPORE
BORRADATA
EUNGRI PATANI TIENTOIN
TOXYO TSINGTAO YOKOHAMA
PİNITARE APOSTLake opened in Emma! OstanaY and Fixed Depost Frosted for son your br water parade in Local Darroney and Herit wrme which will be qasirë un upplivelian.
nag, Mih February,, 1991.
HONG KONG SAVINGS BANK.
The Buzinoon of ika shera Bank is conduct ad by the HONG KONG AND SHANOWI CARLING CORPORATION. Bale may b valued on application.
FOR THE LONOXONG AND HANGHAI BANZING CORPORATION.
V. H. ORAYBURN,
Chist Manager.
Kong Xmg, 14 July, 1000.
Established 1912.
How the balance turned against us, partly through the inability of oversea customers to buy and `part- ly because the same poverty pre-{ venta them from paying interest on our foreign investments, Is plainly They consider that such of the stated. All this and the fact that THE BANK OF CANTON, LTD. existing commercial banks as were the Budget no longer balanced be- well established might with advan; ing
knowledge, foreign tage to Industries follow, as far as balanceF
withdrawn--the possible, the German system, viz., "light from the " had begun.
and providing share
debenture Sir Eric Geddes's shrewdest point capital initially and subsequently is made in dealing with the allega- | placing it among the investing tion of pressure from foreign bank- for era. public either by offering it public subscription or by sales to ¡customerá.
As regards working capital, the Committee refer to the complaint that banks in India insist on the full backing of liquid assets for ¡their loans and take no account of valuable block capital, and con sider that industrial concerns in India
|
common
were
It was needless for any for- eign bank to mention our duty in the circumstances, he says, for it was clear to everybody capable of thinking, that truth should be enforced at every opportunity.
TENNANT BROTHERS.
A reduction in net profite of to £60,408 in report-
Tennant by
Brothers,
may reasonably expect to £12,344 have the whole of their working ed
capital supplied by commercial the Shefeld brewers, for banks if adequate security to the the year ed. satisfaction of the banka in offer
Foreign Trade Connections. The Committee have analysed the financing of India's foreign trade, and in the first place they consider that such of the Indian
Head Office:Hong Kong.
Abriand Ouptial (EL.X. Currency) $11,000,000 hie-op Dapital came Basho Yand 1,100,000
BRANCHES
Canton, Elangkal, Haukaw, Eroles, Bangioh, Kaw" York and din' Frondass.
CORRESPONDENTI
LONDON BANKERS1~~
The Lord's Bank, Idmited.
in all principal (elilee,
berklag bolson of Forsica exchange of the World. wary Scipion treated.
Bale Dipaoli Bazm (various vinas) aš a zvacly rental of from E5 to $40.
LOOK POONG BHAN,
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858.
11
"THE HOCHONG BANK, LTD."
(Extablished 1917.) } BRAD OFFICE:-SINGAPORE. Hong Kong Branch: 18, Queen's Rd, C. Authorized Capital Straits $20,000,000 Issued Capital
8,000,000
Pald-up Capital
་་་
+
4,000,000
Reserve Liabilities
HEAD OFFICE: LONDON.
of Shareholders. Surplus
4,000,000
2,087,000
Paid-up Capital Reserve "Fund
£3,000,000 .£4,000,000
Resorve Liability of Pro-.
prietors
.£3,000,000
Agencies and Branches:
LUCKING
MADHAR
ALOR STAR
AMRITSAR HANGKOL -BATAVIA
BOMBAY DALOUTTA
CANTON CAWNPORI JEBU COLOMBO DAIBEX DELIKI
HAIPHONG HAMBURG
HANKOW
BABBIK
TONG TONG
IPOH
ILOHA
TARAGHI
KLANG
KOBB
KUALA KANGSAR
MANILA
MEDAN
NEW YORK
PIPING (Paking) PENANG BANGOON
NAIGON
BEMARANG
BERENDAN
BHANGHAI
SINGAPORE
SITIAWAN
BOURADAYA
TAIPING
TIE BIN
TOKTO
TONGKAR (bukas)
TRINOTAO
TOXOHAMA
KUALA LUMPUR ZAMBOANGA Foreign Exchange and Banking business transacted.
Branchos, Agencies and Correapon- denta in the principal cities of the world,
Erary description of Banking and Exchange business transacted.
TAN ENG HOOL
• Manager.
BANQUE DE L'INDO"CHINE.
HEAD OFFICE: 16, Boulevard Hanssmann, Paris.
Subscribed Capital Fra. 78,000,000.00 Paid-Up Capital...Fra. 68,400,000,00 Roserve Funda.....Frs.102,000,000.00
BRANCHES:
Bangkok Hong Kong Quinhos Battambang Une
dutho
Canton Dibouti
Mengtze
Saigon Shangbai
Nam Dinh Singapore
Thành
Numes General
Fort Bayard Papeete Tientsin Peking Топтала Pnom Penh Vịnh Pondichery Tumnantu BANKERS:
Current Accounts opened and Fix- ed Deposits received for one year or shortor periods at rates which will be quoted on application.
Manager.
-. J. STUART,
Hong Kong, 17th August, 1991.
al
NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V.
(URTHERLANDE TRADING: SOCIETY)
BANKERS.
---
Betablished 188,
King Kong Ofisd1-11, Quest's Road Dussen).
Authorized Capital
Paid-Up Omplia) –
Losers Fend
Onfiders 16,600,064-
Caldaru 10,000,000 (0,058,170) Gulidare 40,015,000 (29,131,050,
Fred Oos-AMSTERDAM* Eastern Head Ofles1-BATAVIA. BRANCHES »– Bandjaeniania, Bandoung". Bombay, Calcuisa, Cherfon, Dist, Dik jakach”, The Hague', Yallah XAM, Kose-Badja, Makumar, Medan, Padang Palembang, Fukalingang Penang Forslanak, Rangoon, Rosseriam", BEATLES Shanghai, Bibolgs (Bumaire Blagspoes, Boraban Boerakaze (Bolc), Tagsi, Tiitajap saj Wallerradan”,
• The offices have oude deposit bazan te los. London Bankers 1--Baikonać. Proriazisi Baak Led. Gorrergondense all over the world Banking news of ovary description, tranenstadi
THE
A. STOKKINI
Manager
Chief Manager. AMERICAN EXPRESS COMPANY,
THE BANK OF CHINA. 行銀國中
to June 80. A final Reorganised October 20, 1928, undar Ordinary dividend of 7 pc. makes special charter of The National Gor-
a total of 12 p.c.. tax free, against ernment an an
BANK.
14 p...
tax free, previously and INTERNATIONAL EXCHANGE £12,000, is, placed to general re- serve, raising that fund to £200,000. Subscribed Capital ....$25,000,000.00 The forward balance is £12,079, | Pald-Up Capital against £13,115.
Reserve Funds
Established 1887
THE
MANUFACTURERS LIFE
INSURANCE Company
HEAD OFFICE - TORONTO, CANADA (Occupied exclusively by the Company)
Don't Under-Value Self-
WHY
does a man insure his prop- erty for its full replacement value yet feel satisfied with a few thousand life insurance often repre- senting at most two or three years income? The fire policy may become a claim, the life policy, must, either by death or maturity. Are you adequately insured?
E. J. R. MITCHELL, Branch Manager.
13, Chater Road. ........Tel. 29601. Canton Representative—dir. V. E. Ferrier,
27. B. C. Shameem.
...
INC,
Head Office: 65, Broadway, New York.
Capital
Surplus
Reserves
1
U.S.$6,000,000 U.9.$1,572,454 U.S. 1,908,209
BRANCHES:-
Parla Jenang
Azzieckam
Antwerp
042 Gina gow MAYANS
Haplas
$24,710,200.00
Baala
Hamburg
Berlin
.$ 8,820,508.82
Biarri
Interlaken
Bomb
Jerusalpin
Peking falario
Beyer
HEAD OFFICE: SHANGHAL
HONG KONG BRANCH:
Bresla
London
Bance Air
· Sverpool
Outro
Luberne
Calexita
Lugane
Marseillon
é, Queen's Road Central.
Owing to our numerous branchen 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 Bonde and other Public Fonds of the Chine ese Government both at home and sbroad.
SHOU J. CHEN,
Manager. Hong Kong, 6th March, 1981.
Dolembe
Constanilable Copenhagda Ellabary Florence
Branches
Monte Car
Mala
Munick
Mantreas
A
Botterdam Forss
Bambool
Hnnghal
donthamplos
Singapore 21. Molin Tienia Vienna
Yokobane Zurich
of American Express
Company in Principal cities of Unit ed States of America and Canada.
All classes of Commercial Banking-j Transactions undertaken.
Personal handled.
investment
The Company offers to intending Travellers the ase of its “Travelore | Cheques" and Letters of Credit and,
THE YOKOHAMA SPECIE BANK, in addition, the world-wide services
LIMITED.
'
Established 1880.
of ita thoroughly equipped, Travel De- partment.
Afiliated with
Haiphong Hankow Hanoi
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriol et Commercial; So-
date Generale.
IN LONDON: The National Provin cia & Union Bank of England, Ltd.; Comptoir National d'Escompte de Parli; Credit Lyonnais.
IN NEW YORK: J. P. Morgan à Co., French American Banking Cor poration; Guaranty Trust Co. of New York.
Interest allowed on Current Ae- counts and Fixed Deposits according Lo strangements.
Every description of Banking and Exchange Business transacted. Safe Deposit Boxes to lot.
A. BONNAUD,
Manager.
Hong Kong, 1st May, 1981.
THE NATIONAL CITY BANK OF NEW YORK..
HEAD OFFICE: 55, Wall Street, New York.
Capital, Surplus and
Undivided Profita..U.8.$228,087,89%
Branches in j
ARGENTINE LONDON
BELGIUM
BRAZIL
CHILE CHINA COLOMBIA CURA DOMINICAN
REPUBLIC
INDIA ITALY
JAPAN
MEXICO
PANAHA 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 accounta and Savings Bank accounts opened and Fixed
Dapoxita in local and fer- alga currencies taken at rates that may be ascertained on applleation to the Bank.
We are also able to offer our Cus tamere 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 (France), B.A., in Paris and Nice.
F. McD. COUBTNEY,
Manager. Hong Kong, June 16, 1981,
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)
HEAD OFFICE:-Talpeh, Formosa.
Incorporated by Special Imperial Charter, 1899..
Central Back in Formoon. Bank-Natan mened Avariga'atzmus) Yek. £5,000,COM BRANCHES AND AGENCIES, JAZAN:=Tokyo, Yokohama,- Kobe, Daska. FONO 1-3, Kagles Kanako,” Emlung, Makong, Nania, Bálnakiku, Talčku, Tainan, Како, Тамсаг, Това, Нім, Толки CHINA 1---Kuoghal," Hankow, Amey, Foochów,
Diwalow, Caion.
OTELEES-reg Koog, Blogspóra,
Borabaja,
Beman Bataria, Bomber. Calorie London, "Bar Tork, Dairen,
LONDON, BANKERS,
Capital (fully paid-up) Yen 100,000,000 THE CHASE NATIONAL BANKTMhe Load County Walsinstar and Parr's Bank.
Reserve Fund........Yen 118,200,003 -
Head Office:-YOKOHAMA,
Branches and Agencies st:
Alexandria
Batavia
Berlin
Bombay
Salcutta
Canton
Changchun Dairen (Dalny)
Nagasaki Nagoya Newchwang
New York Osaka
Sem Francisco Seattle
Paris Pelping Напрост Fangtien (Mukden) Rio de Janeiro Samburg
Ban Bankow Tarbia Hoar Long Honolulu Kai Yuan Karachi
Robe
Loudon
Los Angeles
Mazlla
Semarang
Shanghai Shimonoreki
Singapore Boersbaya Sydney Tlenteta Tokyo Taingtas
Interest allowed on Current Ac-
sobota.
-
Deposits received for fixed perioda
at rates to be obtained-on application.
H. MORI,
Manager.
Nong Kong, 11th September, 1981-
Resources Over G$2,500,000,000
E. W. DUGGAN,
Manager.
The Bank has Correspondents it all the principal Commercial Contese throughout the world.
L MAGURL
HONG KONG BRANCH:
Long Long. Ita Jassary, 1996.
THE BANK OF EAST ASIA,
Established 1918.
HEAD OFFICE:
10, Des Voeux Road, Central. TUNG FONG.
Capital and Burplus Total Resources
Manage
LTD.
over HL$ 8,000,000.00
over II.$20,000,000.00
Every description of Banking and Exchange business transacted..
Current and Fixed Deposit Accounts in local and for- eign currencies opened for cilents..
Bavings Account and Bafe Deposit Boxes. Branches and Agencies all over the world,
KAN TONG PO,
Chief Maneger.