THE
CHINA
MAIL.
8,000,000
4,000,000
嗜
$,000,00
W
30
2,387,000
"
Paid-up Capital ....... Itsvarve Liabilities
#
of Shareholduża. Surplu
Paid-up Capital
Reserve Fund
Reserve Liability of Pro-
prietors
£3.000,000 £4,(MH).090
£3,000,000
Agencies and Branche:
ALOR STAB
KUCHING
AMNIKA
Branches, Agencies and Correspon dents in the principal cition of the world.
Exchange business transacted.
Commerce and Finance
GERMANY'S CREDIT
POSITION.
FRIDAY, OCTOBER 30, 1931.
PLANT FOR ROAD MAINTENANCE.
Machines That Save Labour Costs,
A few years ago practically all road work, meluding, read bulding as well as road repairing, was car» ried out by hand. To-day, hand The Seven Power Conference, pectively, compared with Rm. 10.6
superseded, except for the roughest Such a policy, however, work, by highly specialison ma-
ments by driving grinder, and for operating phoumatic tampore for cons.luating the ns in closing 'excavation work. It has been shown by actuni tests in the eld that a pacumane tamper will carry out as much work as ten, men with hand tampers could do in the same time.
1
Crushing plants, for dealing with the hardest known rock, have boonr
Ba devetopou that a breakdown is now practically unknown.. These
Every description of Banking and which met in Londom-during Juty to miliards and Rm. 12.1 milliards in labour has boon almost entirely have been in uso for yours as axed.
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION,
-
Anthotad Chahal mannan, Q3 M4.99 or formal and Polly Pullup - 29,990,300
Kaveri Festa
Veling ..
£ 1.500.000 pare $10,04, WOU
Beserve Lib ülke af Prosciatort um 120,043,999
MRAD „CPIOR. BONG KONG.
BOARD OF DERROTORE-
Flan. Mr. 0. 0.10. Kokia Chairgra
Hon. Me. 1. J. Passeska, Deputy ChurMLA
H., T. Putera, Dea
1. E. Complān, Eng., I. &. Flammst, Big,
29 Landar Lewis, Kaq. T. 3. k. Qar, $16.
DE MASK, Bag,
»MENT
BANGKOK
MATAVIA
3. P. Warvin, J
Chat, Waser.
4. Grayburn, g
ANCHES:
JANDO
LIONS
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON...
BANULUI
BATAVIA
BOMBAY
CALCEITA
UNTU
CAPUL
CULUMDO DAIRER DELI
HAIKHUNG HAMBUNG
- MANKUW
BAKIN
LULU KONG
¡PU!!
MAUKAN
MANILA
· MEDAN
>EW YORK
PKP.N{{1%k[ng) KLAANU BANGURIN SAJDON
CREMARANG HEREMBAN DIAMIRË BENGA PURE
SULWAN
SOL HABATA
TAIPING
TIENT IN
THE HO HONG BANK, LTD.
(Established 1917.)
HEAD OFFICE—SINGAPORE. ilong Kong Branch; 18, Queen's Ed. C.
Authorised Capital Straits $20,000,000 Terued Capital” ..........
MOMMAT
DALUUTTA
SANTOR
DULUM BO DAISEN
МАТЕРМОКИ HAL IN
SONDREW
LOLO
KOWLOON
KUALA LUMPUR
MANIZA
MALLOOA
MUAL (Tobers:
MUEDEN
NEW YORK
PRIPINO
PERNAND
RANDOON
MAIGON
SAN PRAYOT MORE.
CHANGULA
SINGAPURE
BURADATA
BUNGEI PATAM TIENT IN
TOKYO
TSINGTAO YOROLLAME
Dermal Aouale spent in Inoal Orexy and Pized Deposite ranaited for one paar ❤ sharbor parlada in Low Curranny and Berling ja sormi #kich" will be quoted on appilansion.
Stang Kong, bik Pebruary, 1001,
HONG KONG SAVINGS BANK.
The Business of the stars Beak is mondock At the HONG KONG AND SHANGWAY Balor may be BANKING OURPORATION,
ahsed as applicativa.
Pow rɛr Hungxong AND BEANGHAI
Г. М. ОДАТОГАН.
BARRING CORPORATION,
tong tong Linh Fulf, the
Ohlal Manager.
THE BANK OF CANTON, LTD. Established 1912.
Head Ofce-Bong Kong.
Abkarinad Capital (II.K. Ducroney! $11,000,000
Pat 11p Caplied
0,106,000
Bautres Fant 1,129,ARKI
BRANCHER
Caton Khanghai.
Drakow, Eusiow
turtok, New York and Dan Francines
CORRESPONDENTS
TONDOR BANKES81
The Lord's Bank. Limited
In all promo rities of the World
Prowly charge and beaking business of
*** dar pulpo trsasarted.
Rate Doppel Bat (various slave) 21'u' pourty
rental from $5 to $40.
LOOK POONG SHAN,
LALU
KARACHI
TOKYO
TONGKAR (Ziles)
TNINGIAU
KUALA KANGSAR
KAMBUANGA
KOBR
KUALA LUMP
JUKULIANA
Foreign Exchange and General Dunking business transacted.
Current Accounts opened and Fix- od Deposits received for one year, or shorter periods at rates Walk will be quoted on application.
J. STUART.
Manager. Hong Kong, 17th August, 1931.
NEDERLANDSCHE HANDEL-
MAATSCHAPPIJ, N.V.
(PORTERELANDS TRADING SOCIETY|
DANKERS
Hatablished 1814. Song Long Olhos:—11. Yuseu's Bond Osawal.
Astoria Capia!
Guilders £80,000,000- (REY...)
Patè-Up Onplausi,000,0
(81,008,176) Kamere Fani « Ouilders 40,411,908
EL Oos-AMSTERDAM” Tours Band Utton;mB&14VIA, BRANCHES - Bazájarmasin, Bag, Boobey,
Calista Charbon. Usme, jaki Jakarta", The tingunt, Judási, Kobe bvia thucja Mugament, Modası, Padeng | Pulaca bazi Pekalongan PROBLE
Bauvor Botterdam", Bareng (Guantes), Bloempate, Bouralla (Bolaj," Topné, Třilayap mod
Waiterradag*.
There offom have enta deposts bazes 10 Leados Bankery in Kalmusi. Provinout Back Lad Darrenpendent all oret the world Baba babaw 20 #tały description transacted
A. STOREINI
Eng Long, in Aspen, 1830.
THE
Chief Manager. AMERICAN EXPRESS COMPANY,
THE BANK OF CHINA.
行銀閾中
INC.
Head Ofice: 65, BrosdwRY, New York.
Reservos
Capital
Bourganised) October 28, 1928, under
Surplus
special charter of The National Gov. aroment ad LI
BANK.
Paid-up Capital
INTERNATIONAL EXCHANGE
Subscribed Capital....$25,000,000,00
Boserve Funds $ 3,820,503.82
..$25,710,200.00
HEAD OFFICE: SHANGHAI,
HONG KONG BRANCH:
4, Queen's Road Central
Owing to our numerous branches in Chins and large connectlane in the im portant commercial centres of the world, we are able to extend to anr cilenta special facilities for domestic and foreign banking and exchanges.
We also handle the lasne of Bendi and other Public Funds of the Chin- Be Government both at home abroad.
and
*
SHOU J. CHEN,
Manager,
Hong Kong, 6th March, 1981.
Azerba
A1204
عايدة
GID Ogo Blavaca Kamburg Havre Interlaken Jerusal
.1.9.$6,000.000 .U.8.$1,572,454 .U.S.$1,908,209
BRANCHES :--
Nice Natte Puge Puti Podst J'aking
London
Livirgod Laretua {Axemp
Kordare Дове Яmbol Susoghad
L
Éingspes
Contestopple
Mamallis Mous
Mort Trainin
VIGOR
Temos
Barlia
Blaste
Bombay
Bratze
Besarch
Burung Adren
Cairo
Calon
Canno Colomb
Manila
Munich
Mooie
مدانية
Surich
Copenhagen Edinburg #Lorenes Gepers
Branches of Americsu Express Company in Principal cities of Unit ed States of America and Canada,
.
All classes of Commercial Banking Transactions undertaken
Personal handled.
investment
accounts
The Company offers to intending Traveliers the use of its "Travelers Cheques" and Letters of Credit and THE YOKOHAMA SPECIE BANK, in addition, the world-wide services
of its thoroughly equipped Travel De partment.
LIMITED.
Established 1880..
Affiliated with
Capital (fully paid-up) Yen 100,000,000 THE CHASE NATIONAL BANK
Reserve Fund
...Yan 116,200,000
Head Offee-YOKOHAMA.
Branches and Agencies at:
Alexandria
Batavia
(Berlin Bombay Calcutta
'Cantat
Nagasaki
Nagoya Newchwang
New York
Osaka Paria
Polping Hangoon
(Datny) Foortion (Makden) Rio de Janeiro
Hamburg
Hankow Harbla
Kal Tus
Karachi
Kobe
San Francisco Seattle Somerang
Shimono shi Singapore Boersbays
Londow Los Angelos Manila
Intorent allowed on Current As- estita.
Depsalts reosfred for fixed perioda st vibe to be obtained on application.
Manager.
· Hong Kong, 11th Gaplombury 1921.
Resources ..Over G$2,500,000,000)
į
TAN ENG HOOL,
Manager
BANQUE DE L'INDO-CHINE.
DEAD OFFICE:
16, Boulevard Huusamaan, Paris.
0
at the
chinery.
units, forming part of the equip
mans of roadstone quarries, but now we have a simplification and com- bination of the various units mount- ed on a tractor-drawn or self-pro-
the machino In many countries known as the power grader occupies the most important place in road-, pelled chassis, which can be taken
It is
maintenance equipment.
use cuts down labour costs by 50 It does not occupy the per cent.
moving snow.
were being
Д
consider the German linanini pasi-1950:
accentuato tho World con recommended inter alia that the would
reducing by
the Bank tor International securemene acpression of
to other countries janould be invited to set up a Com-sales
by creang in- mittee of representatives nominated Germany anu
Competition trom her by the Central Banks interested to tonse
Otner mark. The
a combination of the ordinary blade along the road to the place requ.red jenquire into Germany's immediate exporta in
urtner credit needs and to study Committees consider it highly un- grader with a petrol engine, and its and break local atone on the spot.
The цве of the petrol-engined. the general interest the possibility of converting a por-8.rable in
lorry for moving road material that Germany should we computed subscribed Capital .Fra. 72,000,000.00.011 i ner, anort term credits inco
mid-Up Capital...Frs. 65,400,000. ong term obligations. This Cora-o adept so drastic a solution..
surplus wor materials teverve Funds ..... Frs.102,000,000. mittee met on August 8 and, on
Therefore, the Committee are of same prominent position in this really dates from the time when
morn suitable for.
suld very cheaply. BRANCHES:
August 18, signed & ananimous ke- the opinion that the existing volume country, as it is Jangkok Hong Kong Qalabon
Special Lorry Bodles, port, which throws much light upon of Germany's foreign creants should light earth and gravel roads than dattambang lur Saigon
One of the nansiale maintained and that at least part for the heavy traffic roads we find
latest developments Recessary. ine causes of Germany's Santho Mengta Shanghai
d.fficulties. Nam-Dish Singapure
In these machines the traction is the introduction of lorries with Santon
It is shown that, dur- of the capital withdrawn sui ve, Djibouti
Numes Thanba
ng the period 1924 to 19.0 mau ceplaced from foreign sources. Any may be of either the wheel or the special boules for carrying tarred Fort-Bayard Papeete Tientsin
net foreign in- additional credits should be in the uve, Germany's
erawler type, and the position of stone and bituminous materials gèn- Топсадо Poking
and as Hantow Pnum Penh Vinh debtedness increased by Rm. 18.2 form of long term loans Hangl
varies in different models. The neating pipes to keep the mater.al milliards. With this assistance, to much as possible of the existing the scarifier and of the driver's cab, erally, the bodies being fitted with Pondichery Yunnanfu
An-- BANKERS:
gether with Rm. 8 miliards receiv-hort term debt should be convert crawler type is chiefly used for at the right temperature. IN FRANCE: Comptoir Nations ed for shipping and other. servicea ed into long term obligations. It earth and marl roads, which become uther is the introduction of lorry l'Escompte de Paris; Credit Lyonnais to foreigners, the country has been
is renused, however, that
slippery after rain. In addition to bodies fitted with agitatora by Sanque de Paris et des Pays-Bas unable, during those seven years, present time it would be impossible being an efficient machine for re- which ready-mixed concrete can be Credit Industrisi et Commercial; 30-
float a long term isque on the surfacing gravel and light stone carried to any part of a road or Dr. Generale.
to pay Rm. 2.5 millards interest on IN LONDON: The National Provis her commercial debt, to increase credit of Germany alone. The nas & Union Bank of England, Lid, assets by Im. 2.1
Seven Power Conference roads, the power grader can be used other construction schenie without milliards, to London
to advantage in making road the aggregate settling to the bot- omptoi Nationa. d'Escompte de
Quito a trado ta now being Paris; Credit Lyunnais.
her gold and foreign exchange i recorded its opinion that the lack
done in ready-mixed concrete as IN NEW YORK: J. P. Morgan & rausier Rm. 19.3 milliards of Re-(of confidence in the country is not shoulders, cutting ditches and re- tom.
The Elevating Grader,
direct result of this introduction. Co., French American Banking Corparations and to pay for an excess justified by the economic situation.
The caterpillar tractor is another peracion: Guaranty Trust Co. of Novi imports over exports (including Nevertheless, so long as political Zork.
eliveries in kind) of Rm. 6.3 difficulties and the weight of Ger- the elevating grader, a light piece of field equipment which has
many's external obligations Investments abroad at such as to involve a continuous in- weight appliance which is used for proved invaluable in road construc A noteworthy develop cleaning out ditches, or gullies, in tion work. the end of 130 were estimated at crease in the foreign debt or a dis places where the soil is not too ment of this is the maching which It excavated material and will move alone at a steady pace, rocky. m. 9.7 milliards, of which Em. 5.3 proportion between imports and ex- miliards was on short tarm. The ports on such a scale as to threaten londs it directly into dump carta cutting away the subsoil to the re- chort term indebtedness to forsign the prosperity of other countries, which are run along on, light rails qured depth as it moves, and pass- countries was Rm, 10.3 miliards and the investor is, unlikely to be at to the fill. Here again, the use of ing the waste material away to the wermany's position has been ren-tructed. Germany's credit must be
Something must also to sald wered especially vulnerable since restored.. The Governments of the machine cuts down labour costs by rear for removal by dump carta
Another invaluable plece of about the power shovel, especially "the short term credits of German World are exhorted to take prompt banks have, to a very large extent, measures to re-establish confidence
a portable comparatively small capacity bucket compressor, mounted on been used in the internal economy and to assure the public that inter- equipment for road work is the air that type which is fitted wit
chassis, either tractor-drawn
one-half cubic yard or
or less. o Germany as working capital and national political relations are based herefore cannot be readily with mutual confidence and that the self-driving, and fitted with a petral Other places of read machin-
It can be used ory aro the one or paraffin engine. drawn without grave damage to the international payments to be made. thu by Germany will not be auch as to
for driving a variety of tools, such sack conerate mixers, equip- nansal structure." During
automatic measuring tou imperil her financial stability. The months of 1931,
na jack hammers, pneumatic drills,, ped with seven
device on high-speed channis, for tarna funts Committee are unable at present to rivetters, chisels and saws. witidrawal of short
It can also be used for cutting From Germany is estimated to have suggest definite plans for securing
otalled Rm. 2.3 milliards, while in long term credits to Germany, but down high spots en concrete pavo
"by urging most addition, there was some selling by they conclude 1oreigners of long term investmena carnestly upon all Governments con- no time all in Germany and purchasing by Ger.crned that they lose man nationale of long or short term Governments concerned that they operations to bring to Germany investments abroad. The tutal of In no time in taking the necessary and thereby to the World sorely SETTLEMENTS these movements is believed to have measures for bringing abat such reded nesistance."-Barclays Bank
conditions ns will allow financial Monthly Review.
interest allowed on Current. Au-
Ducts and Fixed Deposits according
5 arrangements,
Every description of Banking and Sachango Business' transacted. Safe Deposit Boxes to let
A. BONNAUD,
Hong Kong, 1st May, 1991.
Manager.
THE NATIONAL CITY BANK
OF NEW YORK.
HEAD OFFICE: 55, Wall Street, New York.
Capital, Surplus and
Undivided Frosits..U.S.$226,037,802)
Branchen Layou
ARGENTINE LUNDUN
BELGHUM 38.ZIL
CHILE
CHINA COLOMBIA
MEXICO
PANAMA
PERU
PHILIPPINE
ISLANDS
PORTO RICO STRAITS
CUBA DUMINICAN
REPUBLIC
CK GUAY VENEZUELA
INDIA
ITALY
JAPAN
milliards.
German
amounted to Rm. 3 milliards, a sum that could not be transferred
Commercial and Travellers' Letters abroad without seriously weakening of Credit Travailors' Cheques Bills the foreign assets of the banks.
With the abject of preventing a of Exchange and Cable Transfers bought and sold Current account further withdrawal of capital from and Savings Bank accounts opened Germany, negotiations have been and Fixed Deposita ip local and Tor-
aign currenc.es taken at rates that conducted between
the German
may be ascertained on application to banks and the various foreign bank- the Bank
We are also able to offer our Cus tomers the servicus of the Branches
ing groups Interested for the main-
tenance of existing short term
of the International Banking Corpora credits. Representatives of these tion in San Francisco and Spain and groups recently met in Basle and also of The National City Bank of agreed to recommend a plan for the New York (France), BA in Paria prolongation of such credits to Lad Nice.
the numerous creditor banks for F. McD. COURTNEY,
Manager. their acceptance. The plan pro- Hong Kong, June 18, 1931.
vidos, under certain conditions, that che credits to German debtore shall be continued for six months from the date of the signing of the
THE BANK OF TAIWAN, LTD.
(TAIWAN, GINKO.)
HEAD OFFICE:-Taipoh, Formosa
agreement.
Germany's difficulties, however, will not be solved simply by the continuation of existing short term credits and, in ensidering measurce for the replacement of capital with- drawn, the Committee state that, Black Roses meied avarage monogos ...Yan, £,000,000 until at least part of these funds
Incorporated by Special Imperial Charter, 1599,
Central Back la Forcée.
BRANCHES AND LUENCIES: JAPAN 1—108yo, kokinazum, Kobe, Usaka,
Bagi Karvakty
PULMUGAB
has been restored, the internal Lalu economy of Germany will continue Makong Neato, bludokiku, Taoka, Zaunder extreme strain. There are Tikao, Tamaula Town, Hasto, Imme. OLEINA, mukanghai, lankov, Amor, Foooow, two ways in which this replacement
amaton, CouKÖSL, UTAMAAN 1-g Long, Biopabors. Soursbay might be made without foreign as-
Babarang, Bara bombay.
London, Xru verk, Duinke
LUNDUN BANKERS,
Criquita
distance. Firstly, by the
Enje' of
The London Cowels Westmonies and Parr's Ba German foreign assets, and, second-
The Beck hine Cortssprudass in all the pelser, by a great increase in the favour
Coolanesi Oputeve skroughout the world.
L NAUURA.
E W. DUGGAN,
Manager.
HONG KONG ARANGHI
4. Den aus Band Chatrad. Hong Kong Ltd Juruney, 100.
Messge
THE BANK OF EAST ASIA, LTD. considerable floating
Established 1918,
HEAD OFFICE:
10, Des Voeux Road, Central. DAINA HONG-KONGE"
Capital and Surplus .... ..........................., over $8,000,000.00 Total ResourceR .......................................................... over H1.$30,000,000.00 Evory description of Banking and Exchange bualneis transacted.
Current and Fixed Deposit Accounts in lócal and for- eign currencies opened for clients.
Bavings Account and Safe Deposit Boxes, Branches and Agencies all over the world,
KAN TONG PO,
Chief Manager.
able balance of 'external trade. At the end of July, Germany still possessed Rm. 8.5 milliards of for- eign assets. but, since the end of December last, the short term assets of the banks had been reduced by 40 per cent. and ordinary business re- quirements compel the retention of balances abroad. The country's long term foreign Assets .amount 5 milliards, to about Im. but many of
not these are in a rapidly realisable form. The Committes, therefore, consider that the Brat solution, viz., the mobilisi- tion of Germany's assets abroad, la impracticable. With regard to the second plan, it is estimated in Ger- man official circles that It might be possible for the country to reduce. her imports during the second half ot 1931 to Rm. 2.5 milliards, while axporting Rai 4.5 milliards, in which case imports and exparta. during 1031. would total Rm 6,3 milliards and Rin. 9.9 miliarda rea-
are
is
A near relation to this machine
over one half.
Distinctive,
of course
appealing-
always
1:
of
or
two
quick movement from place to place; the low-cost belt conveyors for unloading stone and other material from railway trucks, the shaker feeders for belt conveyors
feeding crushers, and the amall, one-man operated drag lines capable of handling materials at very low
.cost.
Yes, CAPSTAN"is truly a thoroughbred among high-grade cigar- ettes. Adistinctive flavor -an appealing flavor -a cooler, sweeter and better smoke. The choice of connoisseurs.
CAPSTAN
COOLER - SWEETER - BETTER