BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
suthorised Cupido
961,264,000
(pread and Pally Pald-67 mm. 191,006,900 Reesero Funds ---
silver pensamen (16,600,000
Honores. Lai tây at Propelavors van 800,000,000
HMAD MEPICHI, HOKO KOXU.
BOARD OF DIRECTORS 2 Hon. Mr. O. 0. S. ManICHE. Chairman.
Hon. Mr. 3. J. Painronn, Deputy Chairmana.
2.1. PL. BAIL T. ■ Pvares, Bos
1. H. Camylo, Tay. Y. A. fiammet, Hog
́a. Landar Kerela, Raq, T. “EL. 3. Show, Bag.
că Makin, Boy.
AMINT
MANGIOM
BATAVIA
HOMWAY
DALOUTTA
J. J. Warren, Bog.
Ullal Maangat.
ANOTES:-
LONDON
LIONI
MALACCA
MANILA
MDAB (Jokers)
VANTUM CHIFOO COLOMBO
MUIDAN
NEW TORE
PRIPIKO
DAMEN
Conasow
ZADIES
SAMMUNO BANKOW WARRIN
"ENGLIO
201
JOHOR
KOR
TOWLOON
KUALA LUMPUR
PENANG
RANGOON BAIGOR
MAN PRAMOTRON
BHANGRA
HENGATOEL
BOIRABAYA JUNGE PATAKI TIENTRIE
-TOXXO
THINGTAO
YOKOHAMA
Eperea exate opened in Inval Ourtney
in Pized Deposita reosivad far sus your
bet parlada in Local Ousranny má Backup vemo watch will be qualed an appleston, Wang Xong. Both Påbruary, 1901
HONG KONG SAVINGS BANK.
The Hobines of the abers Bank la semicon by the HONO ZONO AND SHANGHAI BANKIND CORPORATION. Bulan may b diuimad sa applicamon
FOR THE HONGLONG AND SHANGHAI BANKING CORPURATION,
V. M. DALYBULN,
Chiat Manager,
Kang Kong, Íth July, 1900.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office-Hong Kong.
Authocland. On plină (ILM. Darrenny) U11,900,000 Fall Up Chyliale state of Gasseri Yaud maankan. 1,100,000
BRANCHES.
Benkan, Bhanghal, Hanken, _Kursion, Bangirok, Yaw York and Man Frenažna,
CORRESPONDENTE
LONDON BLN ▼ 201—
The Lloyd's Back, Làmind.
da att principal elties of the Well
· Foreign" oxchange and · banking instumen
very dissipadan transacted.
Bata Dapol Box (variosa alues) at a pomely
rental of Irom $5 to $40.
LOOK POONG SHAN,
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON.
Paid-up Capital
Reserve Fund
.£8,000,000 .£4,000,000
Reserve Liability of Pro-
priators
.$3,000,000
ALOR STAR
Agencies and Branches:
AMBITUAR
IU NGOT
BATAVIA BOMBAY CALCUTTA CANTOR CAWNPORN CEBU DOLOMBO DAIERN DELHI
יי
PANANG
ZVONINO
MADRAS
MANILA
MEDAN
XLW TOOK
PKPIN{} {l'oking)
BANGOON
BAIGON
SEMARANG
SEREMBAN
HAMBURG.
SHANGHAI
BANKOW
BINGAPORE
SITIAWAN
BOURABAYA
TAIPING
HAIPHOND
FAXBIN
домо домо
ILOILO
IPON.
KARAOKE
KLANG
ZOBA
TIENTOIN
TOKYO
THE HD HONG BANK, LTD.
-(Extablished 1917.)
HEAD OFFICE: SINGAPORE. Hong Kong Branch: 18, Queen's Rd. C.
Authorised Capital Straits $20,000,000 Issued. Capital .... Paid-up Capital .......
Reservo Liabilities
of Shareholders
Surplus
8,000.000
4,000,000
4,000,000
THE CHINA
MAIL.
Commerce
Finance
and
2,087,000 SILVER AND THE ECONOMIC
Branches, Agencies and Correspon. dents in the principal cities of the world.
Every description of Banking and Exchange business transactad.
TAN ENG HOOL
Manager.
BANQUE DE L'INDO-CHINE.
HEAD OFFICE:
CRISIS.
A SUGGESTED PRACTICAL SOLUTION.
By SIR HUGO CUNLIFFE-OWEN, Bt.
(In the Financial Times)..
own country, Not only
MONDAY, NOVEMBER 2, 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.
It is an encouraging fact that, particularly of our 16, Boulevard Haussmann, Parks.
the new Government is not only require no elucidation. Subscribed Capital Fra 72,000,000.00 firmly convinced of the urgent has the fall in silver impaired the Paid-up Capital...Fra. 68,400,000.00 nocassity of balancing the Budget. power of the East to buy our goods, SWATOW TRADING CO.
Reserve Funds ....Frs.102,000,000.00
BRANCHES: Bangkok Hong Kong Quinhon
Saigon Battambang Bue
Hengtzo Shangbai Nam-Dini Singapore Numes Thanh
TONGKAN (Bukos)
TOINUJAD
KUALA KANGSAR
YOROBAMA
Banthe
KUALA LUMPUR
ZAMBOANGA
Santon
Foreira Exchange
and
General
Dilboat!
Fort-Bayard Papests
Haiphong
Hanoi
Banking business transacted.
Current Accounts opened and Fix-
ed Deposits received for one year or which will shorter periods at rates be quoted on application.
J. STUART,
Manager. Hong Kong, 17th August, 1981.
NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.
XXIIIFBLANDO TRADING SOULETT:
DANTERS.
my
KataMichel 1,
Hong Kong (How:-11, Qison's Bond Central.
Authorised Capal Gulldare 188,000,000- (219,120.000.3 Pull-Up Capii
Oudidars 80,000,000 (4.600,70) Gliders 40,016,000
Le Feud
Read Offon-AMSTERDAM* Eastern Head Of:-BATAVIL BRANDNES 10 Baadjarmisia, Bandower', Bombaj,
"
Calcutta, Charbon, Dembar, Diph jakarta", The Bagua", Jeddah, Kabu Kow-Badia, Makasar, Mudza, Poding Palembang Pekalongan, Punang, Pooliast
Borda Ɛemarang,
Schol (Humaira), Blagapore, Boursbalk, Samenkarte (Holo), Tegal, Tillajup and
Weltevreden".
• These oflows bare sale depozis boxes se lai. London Baskere --Halicual Previadal Bank LAL. Correspondente all over the world
Baning balanss of vary
fesorption trazanoted.
A. STOKLINI,
Ha Long 19th Augus, 1806.
THR
Kanager.
Chief Manager. AMERICAN EXPRESS COMPANY,
THE BANK OF CHINA.
行銀 國中
special charter of The National Gov- ernment as AÐ
INC.
Head Office: 65, Broadway, New York.
Capital
Reorganised October 28, 1928, under
Surplus
Reserves
INTERNATIONAL EXCHANGE
BANE.
.U:S.$6,000.000 .U.8.$1,572,464- .U.S.$1,908,209
BRANCHES:-
A
Bucos
Answers
Glasgow
Flavica
Baile
Balla
..$ 0,820,503.89
Barri
Ebay Besman
Klos Naples Fi Twi Jong Peking Parme
Subscribed Capital ....$25,000,000.00 Pald-Up Capitai : ...$24,710,200.00
Reserve Funda
KEAD OFFICE: SHANGHAI.
HONG KONG. BRANCH:
Queen's Road Central.
Owing to our numerous branches in China and large connections in the im portant commercial centres of the
Bound Aires
Cairo Galeria Сковая Colomb
Despantinels Copinh Pindarg's Flore
Bamborg FATH Loserlaken Faraiano
مشافية
London
Liverpool
Latpat
Laze
Marsalilae
Moale Carte
Manila
Munich
Montres Man
Rotterda Some Bambal
لستار محطة
custampto Singapore B. Maria Trenin
Убода Trale Yokohama Zarjah
Branches of American Express
ed States of America and Canada.
world, we are able to extend to our Company in Principal cities of Unit- lients special facilities for domestic and forsign banking and exchanges.
We also handle the issue of Bonda and other Public Fands of the Chine 180 Government both at home and abroad.
SHOU J. CHEN,
All classes of Commercial Banking Transactions undertakan,
Personal investmont accounts
-Manager.handled.
Hong Kong, 5th March, 1031
The Company offers to intending Travellers the use of its "Travelers Chaques" 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.
Capital (folly paid-up) Yen 100,000,000 Reserve Fund ...Yen 118,200,000
Head Office:-YOKOHAMA.
Branches and Agencios at:
Alexandria
Nagasaki
Nagoya
Newchwang
Now York
Osaka
Parla
Fangtten (Makden) Rio de Janeiru
Batavia
Berlin
*Bombay
Calcutta
Dairen (Dalny)
Gamburg Hankow Harbin
Kong
Tren
Kobe London
Lo
Gal
Karachi
Francisco
Semarang Shanghai Salmononald Singapore
Boerabaya
Bydney Tientsin Tokyo Angels Manila
Tsingtan Internet allowed on Current A Depoalta repaired for fixed periods st rates to be obtained on application.
H MORI
Hong Kong, 11th September, 1931.
Manage
Affiliated with
THE CHASE NATIONAL BANK Besources ..Over 0$2,500,000,000
|
Tlentain
Paking Tourane
Bankow Phnom Penh Vịnh
Pondichery Yunnanfu DANKERS:
stern but it has enabled--indeed, forced but is determined to take measures of economy without com--them to sell their manufactured promiso or delay. This is un-products, in competition with our doubtedly a development of great lown, at prices so low as to oust our from important neutral importance,, but it would be falso goods to imagine that these steps will of markets. Self-interest alone, lanv- themselves remove the underlying ing aside altogether any question causes responsible for our most un- jof equity or humanitarianism, de- ocono-mands that the Weat should realise satisfactory monetary and mic position. If the national effort its responsibility, and that the IN FRANCE: Comptoir National stops at this stake we shall only be more powerful gold standard coun 'Excompte de Paris; Credit Lyonnaiss Banque de Paris et des Pays-Bas; alleviating the symptoms, while tries should regard it as their in- minimum Credit Industriel et Commercial; 90-failing to remove the root of the escapable duty to ensure at least
the maintenance of a leto Generala,
disease.
Action along IN LONDON: The National Provin-
of price for allver. What, then, are the causes & Union Bank of England, Ltd.;
economic and financial this line would directly assist in National d'Escompte de jour Comptoir Pare; Credit Lyonnais.
Put very briefly, they silver-using countries like India Mexico, IN NEW YORK: J. P. Morgan are the appreciation of gold in gold and China, but also to silver-pro- Co., French American Banking Cor standard countries
and the deducing countrica like poration; Guaranty Trust Co. of New
preciation of silver in silver stan whose capacity for buying others' York.
dard countries, In our own coun- products has been ruinously de- Interest allowed on Current Ac-try we are to-day suffering severely pleted. The immediate aunts and Fixed Deposits according also from our policy-unique now would bo a marked revival in the Every description of Banking and in the world-of free imports, but trade of the gold standard world. I am concerned rather with general with those world forces than peculiar to Great Britain..
so arrangements,
Exchange Business transacted. Safe Deposit Boxes to let.
A. BONNAUD,
Hong Kong, 1st May, 1981.
Manager.
THE NATIONAL CITY BANK OF NEW YORK.
HEAD OFFICE: 55, Wall Street, New York.
Capital, Surplus and
Undivided Profita..U.S.$226,087,898
Branches ins ARGENTINE LONDON
BELGIUM BRAZIL
CHILE CHINA COLOMBIA GUBA DOMINICAN
REPUBLIC
INDIA ITALY.
JAPAN
may
MEXICO
PANAMA
PERU
PHILIPPINE
ISLANDS
PORTO RICO
STRAITS
·
SETTLEMENTS
URUGUAY
VENEZUELA
troubles?
reault
A Practical Solution. This duty-and it is nothing less than a duty-80 far from being dimeult, would be comparatively It does not re-
meana.
IL
It is a common observation that in the past two years the world has casy to perform. been afflicted by a fall in com- quire the establishment of world- modity prices almost incredibly wide bimetalliam, whatever the sevore and universally recognised merits may be of that system.
far simpler as disastrous, In speaking thus can be done by a
The principal producers of "the world" wo ignore the im portant fact that a very large part mainly, in order of importance, Mexico, the United States, Canada of its trade is transacted on a monetary basis differing materially and Peru-and the principal sellers from our own. The fall in com--among whom the Indian Govern- modity prices is common to all gold ment is predominant--If brought standard countries, but no Buch together, might be relied upon to fall has occurred in China, that agree, for example, that they would vast potential market for British not sell silver for export below
definite price, say 2s per ounce, goods, which still operates on
which minimum might perhaps be complex silver standard.
gradually raised as conditions im- There would be little or
Diminished Purchasing Power.
П
The reason for this distinction proved.
4
a
de- of
is that silver, the Chinese standard no risk of increased production of of value, is itself regarded by the silver In consequence of such Western' world as an ordinary com-plan, for ellver is produced mainly! Commercial and Travellers' Letters modity and has depreciated heavily as a by-product of other metals, of Credit, Travellers Cheques, Bills in terms of gold along with the and the output is not in excess of The fall in normal consumption. of Exchange and Cable Transfera general trend of commodity prices. bought and sold. Current accounta
table to excessive and growing pro- and Savings Bank accounts opened The importance of this fact, from the value of silver is not attribu- and Fixed Deposits in local and for the point of view of China's pur-duction; the dimculty has arisen eign curroncice taken
at rates that chasing power abroad, is obvious, from attempts to dispose of stocks
in be ascertained on application to but its effects are severe also the Bank.
In India, for We are also able to offer our Cajother countries. tomers the services of the Branches example, whose peoples have for of the International Banking Corpora- countless generations been accus- tion in San Francisco and Spain and tomed to work on a silver basis of also of The National City Bank of values, vast hoards of silver have would arreat the trend away from New York (France), BA in Paris
boon accumulated as the savings of ilver standards towards gold, and and Nice.
the common people. They have set up a demand for silver in the
drastic and Cast, which in course Manager. witnessed such
gratuitous, depreciation of their would absorb existing stocks and meagre capital that the unrest re-establish confidence in the an
clent standard of half the world. among the native populations can be explained largely by reference ing stocks the gold standard coun- To the process of clearing exist-
to this factor alone.
F. MED. COURTNEY,
Hong Kong, June 16, 1931.
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)
HEAD OFFICE:-Talpeh, Formosa,
Incorporated by Special Imperial Charter, 1899,
A
arising from widespread monetisation and debasement token currency. A scheme for maintaining the gold price of silver
of time
tries could make a valuable con- The light-hearted (Continued on Page 5.)
The responsibility of the West-tribution. erp world for this catastrophic devaluation of sayings, leading to all kinds of economic and social Some jevile, cannot be evaded.
economists are in the habit of at ALEXANDER Back-Holes stated avarage amouni ... Iss. 14,000,000 tributing the recent alump in com
modity prices to the unprecedented- INSTITUT
Central Bank la Formos.
TAPAN-Tokyo, Yokohama, Lobe, Osaka,
BRANCHES AND AGEKOTES:
Takeo, Tama, Tosa, Laito, Taiso,
Hinkow GRINA -Bhangha
Besion, Custome
hey, Foochow,
FORMOSA :-orang Bag Baraka, Kasiung,
Akong, Nanto, Blackiku. Ticku, Tanen, y rapid increase in the world's DE BEAUTE
output of raw materials and finish-
Whether this be true! ed goods. ULHERS - Long, Borapcre, Bowbar or not of most commodities, it is certainly not true of silver, the out-
Damacang, DESTI Boubey' Colou
London, Kew York, DE
LONDOM BANKRUS;
The Loodan Conny Rastolasier and Bar's Bank. put of which has been steady for
The Bank has Correspondants is all the principe
Commercial Centres throughout the world.
K. MAGUNA.
Manager
E. W. DUGGAN,
Manager.
KOKO KONG BRANCH
Des Your Bond Channel. Hong Kong. 19th January, 1929.
Phone 25169. Fedder Building
(1st Floor),
Opposite Entrance to
Hong Kong Hotel.
HEAD OFFICE:-6 Pedder St. Opposite Hong Kong Hotel..
'T'kone 23305,
-ATTRACTIVE TAILORING
The Latest in Gentlemen's Outfting
AT PRICES TO BUIT ANY PURSE,
PERFECT FIT
AND RELIABLE SUITINGS.
WING HING CO.
Gentlemen's Outfitters
64, Queen's Itd. C. Tel: 21417.,
Very Nice Woollen Material
For Minking Ladies' DRESSES
& OVERCOATS
Also FURS &
SILK
HOSIERY Expert Tailoring Department. LEE MOW
Chinese Silk Hosiery Store No. 1, D'Agullar Street
DENTISTS.
HARRY FONG, Dentist,
1st floor, No. 74, Queen's Road
Tel. 21255. Central.
TANG YUK, Dentist. Suceesaora to
the late SIEN TING, 14, D'Agullar Street.
TERMS VERY MODERATE Consultation Free.
ENGINEERS & SHIPBUILDERS.
W. 8. BAILEY.& CO., LTD.,
Kowloon Bay. New Work & Repairs. Call Fing "L" Sole Agents for Kelvin Motors.
FRUITS.
Now in seaSÓTI CALIFORNIA PEARMAIN APPLES
* Just Arrived $9.00 per box. This is the most famous apple in the Orient Quality: Crisp, juicy, sweet and bighly aromatic. Excellent keeping quality. Try a box.
WING COFFEE CO. many years past. The fact is Lustrous Oll Permanent Hair Waves Tel. 25869 189, Des Voeux Road, C. that the whole weight of influence which are Large, Boft and Natural, of the Western world has been Artistic Finger and Marcel Waves, Oll thrown into the scale in favour of Treatment, Bhampooing, Henna Pack gold as a sole monetary metal, and (any colour), Hair Cutting and Mani-
ture for Ladies and Gentlemen. Con against the maintenance of silver | scientious, Artistic Work by European
Expert, Mr. Alexander.
in ita age-old position as a basis of values in the East. This is clear, ly to be seen in our own policy re-
THE BANK OF EAST ASIA, LTD.garding India, which has imposed
Established 1918.
HEAD OFFICE:
10, Des Voeux Road, Central. HONG KONG
1
Capital and Surplus
Total Resources ...*****
aver ELS 8,000,000.00. over H.$80,000,000.00
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,
Chief Manager.
CHARGES MODERATE.
A VISIT WILL CONVINCE YOU.
a gold standard in the teeth of ex- pert opposition, as well as in the steady movement of country after country away from silver towards gold. Ancient habit, however, is Is difficult to change, and It impossible by ruthless government fat to transform the conception of monetary value in countries like China or India. It is the action of the gold standard world, in at tempting to Impose ita polley and inney its monetary ideas on the East that full. fo principally, if not wholly re- sponsible for the disastrous fall in the value of silver.
The reactions of this develop ment on the trade of the West,
AMERICAN CHEMICAL
DIAMONDS.
Equal to real diamonds in brillianty of lustre
Cutsi and hardness. glass like real dia monds. Froof against fire at The brill- file, altrie aeld, ote of lustre will never become Price per rarat; ton shillings,
Terms' Cash or COM THE AMERICAN CHEMICAL
DIAMOND CO; > }
P.O. Box No. 240, Pening.
PHOTO-SUPPLIES
Kodaks 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. 23459. 26A, Des Voeux Road, C.
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 Rellglous Tract Society and The League of Nations' Society,
GENERAL PROVIDERS.
Junt
arrived
A Finc
Selection
of
GENTLEMEN'S AUTUMN HATS.
We have also a very fine rango 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'Agullar Street. (opposite Queen's Theatre).
LIANG YOU
LADIES' & GENTS' HAIRDRESSERS.
MR. ST. ONEN.
Expert Permanent Waver, etc. English, French & American Methods. Moderato Charges. King's Theatre Buildings. (D'Aguilar St. Side). Tel. 20315.
LADIES' AND GENTLEMEN'S HAIR DRESSING SALOON. ON LOK
(AH HING)
10, Wyndham Street, 1st Floor, Entrance On Lan St. Tel. 22317.
OPTICIANS.
THE HONG KONG OPTICAL COMPANY,
'Phone 22232. 53, Queen's Road Central
SHOES.
Patr
Black or Browa Shots from $6.00. Black or Brown Boots from $8.00, Children's Boots' or Shoca from $2.09. Bost styles, most complete stock of all sizes. Repairing a 'speciality, WONG SIU WOON
21, Pottinger St.
Phone 21474,
SPORTING GOODS.
ATHLETIC
GOODS
AT
THE LIANG YOU CO.
70, Queen's Road Central.