BANKS
HONG KONG AND JHANGHAI BANKING CORPORATION.
Authorised Ospital minun 1964,000,000 Dorsal and Fully Paidup woman, 1999,200,300 Boomero Palle 3----
#berlingen & 9,800,000
. 10,000,000
Bezerra Lánh lág at Propelalezt som 230,001,994 HEAD OFFION, HONG KONG.
BOARD OF DIRECTORI ;-
• Mat, Mr. 1, B. 1. Maobia.
+
Osirman.
Hon. Mr. X, 7, Pobornon,
Dopey Chairman.
ENG 10. #. H. Ball, T. # Promo. Dis
C. X. Coupon, Joy. J. Ai Fiammer, Mog.
. . .
J. F. Warren, Hon.
MOY
BANGKO
BATAVIA
COMBAT
7 “G, Orszlete, Mos
SALOUTTA BANTON
COLOMBO
DAINON TOGOROW
AYBERG
MANKOW!
ANCHES:—
CONDOR
TRON
M400A MANILA
MUAN (Jeh
HUIDAN
NEW TOLL
Pairing
PENANG MANGOON
PALGON
SAN FRANGIBOU
SHANGHA
SINGAPORE
XOXGI
PORABAYA
ILOILO
SURGHI PATANE
ПРОМ
дол
KOWLOOM
KUALA LUMPUR
TIENTSIN
TUKYO
TSINGTAO
YOKOHAMA
Carrani Lounis opened a Loss! CertoRNY
Fred Deponite received for ses ya? W varrier periode in Loon Ovceroy and aseellaa somi which will be quoted on ospěšin, Hong Kong, Dik Fobemary, 11.
HONG KONG SAVINGS BANK.
The Desire at the shore Baak le condu
by the HONG KONG AND BILANOHAY SAXEING CORPORATION.
Bulse may be
ovialzed_on_ application AND HANOMAI
YOU THE
BANKING CORPORATION.
V. M, ORATDORN,
Mang Kesa 10th July, 1994.
Oled Manager.
THE BANK OF CANTON, LTD. Established 1912.
1
Head Once:-Hong Kong. Saibarbed Caplis! {II.X. Curranes) $11,006,000 0,041,000 --.... 1,108,300
-Up Capibal miomessen
REANOBIS
Canton, Banghai,
Hlasker, Benjar,
Bangkok. Now Tack and San Frsoninos.
GORRESPONDENTI
LONDON BANKZKŐ ......
The Lloyd's Bank, Limited.
In all principal tiling of the World.
Vorige song, and banking houses of
brary Emeription transacted.
Sala Deposit Bozan (radiona siasa) 61 a yearly
tatoes 85 to $40.
LOOK POONG SHAN,
Chlof Manager.
THE BANK OF CHINA. 行一銀國中
INTERNATIONAL EXCHANGE.
Babacribed Capital....$25,000,000.00
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON.
Paid-up Capital
Reserve Fund
Reserve Liability of Pro-
prietors
£3,000,000 .£4,000,000
.£3,000,000
Agencies and Branches:
KUMLING
MADRAS
MANILA
ALOU STAR
AMRITSAN
BANGKOK
BATAVIA
BOMBAY OLLOUTTA CANTON CAWNPOED OXDU
COLOMBO
KARBIN
MEDAN
NEW YORK
PKPANG (Paking) PENAND HANGOON
BAITON
➜ SEMARANG
SEREMBAN SHANGHAI SINDAPOBE SITIAWAN
• BOURABAYA
TAIPING
DAIEEN
DKLHI
HAIPHONG
HAMBURG
JANKOW
TONG KONG
FLOILO
KARACHI
TLANG
KUALA BANOBAR
KUALA LUMPRE
TONGKAH (Bbokst) THINGTAO YOKOHAMA ZAMBOANGA
Foreign Exchange
and
General
ПРОП
HOE
TIENTHIN TOKYO
Banking business transacted.
Current Accounts opened and Fix
THE HO HOND BANK, LTD.
(Established 1917.)
THE
CHINA MAIL.
Commerce
Finance
and
HEAD OFFICE-SINGAPORE. Hong Kong Branch: 18, Queen's Rd. C.
Authorised Capital · Straits $20,000,000 Isaved Capital
Paid-up Capital
Reserve Labilities:
of Shareholders.
Surplus
か
8,000,000
4,000,000
4,000,000 2,687,000
Branches. Agencios and Correspon- denta in the principal cities of the world.
Every description of Banklag með Exchange business transacted.
TAN ENG HOOI,
Manager.
BANQUE DE L'INDOCHINE.
HEAD OFFICE:
96, Boulevard Haussmana, PARIS.
Indo-China, Saigon Hinnoi
Other Places.
Capital fully paid up .Fra. 120,000,000 Reserves (31.12.1930) .Frs. 110,508,454 BRANCHES:
China, Canton Fort-Bnyard Haiphong Battambang Hankeou
Hongkong Mongtze Peping
Cantho which will
ed Deposits received for one year or shorter periods at rates be quoted on application.
J. STUART,
Manager. Hong Kong, 17th August, 1931.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING SOCIETY)
DANKZER.
Established 18.
Hong Kong Mor:—11, Queen's Hood Out).
Authorized Capital Gulidare 159,900,000- (R19.599.000.) Paid-Up Capital
............. Guildes 80,000,00
(21.800,178) Report Fund Ouilder” 20.411,990
*
I AMSTERDAM' Bar Hand OH001-BATAVIA. BRANCHES.- Bandjarmasin, Feadong; Bombay,
Calcula, Charbon, Djember, Djoki jakarta", The Hague', Zolási, Kobo, Kote-Badja, Makassar, Medan, Faésag Pakalangas, Penang, Palembang. Prullans Bangvon Botterdam", Basar
Elbeigs Dhanghai, (Bumales), Blogspore, Boarabela, Boris (Bolo), Tegal, Tillajaş nad Weltevreden".
• The clone here sulu deposit boxes he l London Packers-Natious! Provínolai Bank Ltd.
Gerrasperdenia all over the worl
Banking businama of ovary description trasacied.
4. STOKKINI,
Hong Kong, 18th Augent, 1900,
THE
Maxime.
AMERICAN EXPRESS COMPANY, INC.
Bend Offer: 65, Broadway, New York.
special charter of The National Gor- ernment as 20
Reorganized October 26, 1928, under
Capital
Surplus
Reserves
.U.S.$6,000,000 .U.8.$1,572,454 .U.S.$1,908,209
BRANCHES:-
BANK.
Adam
Answary
Pald-Up Capital
Reserve Funds
Besta $24,710.200.00 .$ 3,820,508.92
Bella
Diatribe
Hom
Bretan
HEAD OFFICE: SHANGHAL
Brumalz
Buenos Aires
Geo Glasgow HAVEN Kamburg Havre Interlaken Jerusalam Lida London Liverpool
Min Explos Pizhezze
PRADE
Cater
Lucerne
HONG KONG DRANCH:
Enha
Luzo
Marssillas
Monte Carlo,
Mansta
Manich
Montre
Milan
4, Queen's Road Central.
Owing to our numerons branches in China and large connections in the Im-
•portant commercial centras of the world, we are able to extend to our ellents special facilities for domestic and foreign banking and exchanges.
We also handle the lasco of Bonds and other Public Funds of the Chin- ese Government both at home and abroad.
SHOU J. CHEN,
Hong Kong, 5th March, 1981.
Manager.
Calcutta Gann Culembe
Pahing Paleroo Rotterdam Вофе Bsubcal Shanghal Scothampton
Singapor
St. Morita Tiantais
Vienna Tendon Yokohama Eurial
Constantinopl Copenhagan Zdinburgh More Overa
Branches of American Express Company in Principal cities of Unit ed States of America and Canada,
All classes of Commercial Banking Transactions undertaken.
Personal investment handled.
accounts
The Company offers to intending Travellers the use of its "Travelers Cheques" and Lotters of Credit and,
THE YOKOHAMA SPECIE BANK, in addition, the world-wide services
LIMITED.
Established 1880.
Capital (fully paid-up) Yen 100,000,000 Yen 116,200,000 Reserve Fund
C
Head Office:-YOKOHAMA,
Branches and Agencies xt:
Alexandria Batavis
Berlia
Bombay Valcutta
Nagasaki Nagoya
Newchwang
New York Osaka Parla
Felping
Daireb (Dalny) Rangoon Fongtion (Makdan) Bio de Janeiro
Hamburg
Hankow
Harbin
HORE KODE
Honolulu
Tusu
Karachi
Kobe
London
Los Angeles
San Francisco
Beattle
Semarang
Shangha Shimanosaki Singapore Воставлук
Bydrey Tientsin
Tokyo Taingtan
Interest allowed on Current Ac County:
Deposits received for fred periods at rates to be obtained on application.
H. MORI,
My Manager,
Hồng Kong, 12 Septending, 107i
of its thoroughly equipped, Travel De- partment.
Affiliated with
THE CHASE NATIONAL BANK Resources ..Over G$2,500,000,000
Thank-Hos
Nam Dinh
Quinhon
Tourane Vinh
Prom-Penh Shanghai
Bangkok
Djibout!
Noumea
Papeete
Pondicherry
Tientsin Yunnanfou Singapore
Every description of Banking and Exchange Business transacted.
Interest allowed on Current Accounts and Fixed Deposits according to ar- rangements..
Safe Deposit Boxes to let. Travellers' cheques Issued,
A. BONNAUD,
Manager,
5, Queen's Road Central,- French Bank Building. Hong Kong, 1st November, 1931,
THE NATIONAL CITY BANK OF NEW YORK.
HEAD OFFICE: 55, Wall Street, New York.
Capital, Surplus and
Undivided Profits.U.S.$220,087,302
Branches in
ARGENTINE LONDON
BELGIUM BRAZIL
CHILE CHINA COLOMBIA CUBA
DOMINICAN
REPUBLIC
INDIA
ITALY JAPAN
.
MEXICO
. PANAMA
PERU
PHILIPPINE
ISLANDS
PORTO RICO
STRAITS
SETTLEMENTS URUGUAY
VENEZUELA
WEDNESDAY, NOVEMBER 11, 1931,
To the American accumulation ments, and. adds that the last thera must, as a European adver- modal, introduced in January, was alty, he added the five hundred mil-woll received and that all other lion pounds of gold in the vaults models continus in popular favour. of France, the two amounting to As the preceding accounts cover. two-thirds of the world's stock ofed only seven months. full com- gold. It would seem that the parison of profits and appropria- monetary instrument, which is the tions to Impracticable. Gross trad- normal machinery of adjustment in ing profit was £1,876,244, while
LORD INCHCAPE AND Of the utmost desirability is the the world's exchange of goods, has, the £858,137 of the previous soven
TARIFFS.
"Why I Have Thrown Over Free Trade."
CHANGE OF VIEWS.
Over-Production.
recognition by the patriots among as the result of these swollen de-months was at the rate of $1,471,- the leaders of Labour of the gravity posits, been thrown out of gear, if 092 per annum, but that is no de- of the present crisis. We are face not, for the time being, completely finite evidence of slowing down. to face with an emergency which | destroyed. may be likened to that of 1914 and which, although differing in charac- ter, is, from the national, point of view, of equal menace to every man and woman and child In the Kingdom. It seems imperative, in this situation, to call a truce, for this is not a time for party politics or for a sacrifice of the people to
The Dole.
Lord Inchenpe, the world-famous i poltical ambitions. merchant, banker and shipowner, whose interests in all parts of the globe, but particularly in the East are very wide, has been a lifelong
believer in Free Trade.
Immense weight, therefore at taches to Lord Inchcapo's declara: tion in this important statement of the nation's problems that he "does not hesitate, in the conditions in
Ex-
It was inevitable that dole pay ments be reduced if the contribu tion of labour, especially of labour
WAS
Maintenance and depreciation take £499,637 and fees £2,875, leaving the net before debenture service As an alternative, to the release £874,232. Interest, sinking fund, of the hoarded metal resort to the and Preference dividends absorb system of barter which constituted $208,569, and thus £685,669 the trade machinery of primitive carned for the Preferred and Or civilisations is, in the condition of |dinary capital.
This balance, reinforced by the world of to-day, impossible; but the present world-wide over- £279,820 brought in, is conserva- production by the nations in the tively dealt with, for £200,000 is effort to meet their liabilities is devoted to creating a reserve and akin to it, and, as a result, the £250,000 is put to income-tax ac- world is bankrupt.
count, including £170,000 not pay- The There is a volume of respected able until January, 1939. opinion in the United States of Preferred and Ordinary dividends some-each require £112,500, and £270,489 America which holds that thing should be done.
is carried forward.
in the sheltered industries, to re- duced costs of production was to become possible and the present drain of overhead costs in workless essential that every avenue should Meantime, for Great Britain it is factories be remedied.
•
A Sound Balance Sheet.
The balance-shoot is strong and of total assets of
In the direction of equality of be explored which may lead in the which Great Britain finds herself sacrifice, appeal to the patriotism/ direction of such economic inde-liquid. to-day, to admit the financial
plete economic independence is, all in cash, and only £280,000 is. re- pediency of a tariff for the protec- of British holders of cortain Gov-endence as we may attain. Com-£5,340,638 as much as £1,138,978 is
ernment securities in aid of a
admit, beyond our reach; but as presented by goodwill and patents. tion of British industry and agricul-reduction of interest (following the the result of such a series of in- Excluding tools valued at £150,000,
example of Australia) should
of trade) production for the home, with cash and debtors £2,300,760 render easier un extended measure quiries (I come again to the balance the stack is £1,104,928, ranking market should bę immensely of current assets against £430,378 increased and the total of our owed to creditors and £333,650 of
faccrued charges. imports much reduced.
Lure."
The troubles which have assailed
Great Britain fall into two classes, those of internal and those of external origin, he writes in the Daily Mail.
| aro:
of conversion.
With regard to the European burden of war debts and repara tions, in which Great Britain is a chief participant the remedy, as shown, by President Hoover's recent limited moratorium, would seem to lie in the hand of America. America has, unwittingly, drawn upon herself the punishment of an Intemperate dyspeptic.
World Gold.
}
The value of silver in 1914 was
If the 'dividends now paid on the 24 13-16d. per ounce; to-day it is Ordinary look very large, it should in the neighbourhood of 12d. This be borne in mind that the shares is killing China, which has a silver received nothing for ten years, down from £1 to 5s, each;' while currency, and is, very materially, and that in 1927 they were written injuriously affecting the export trade from Europe and America, the Preferred Ordinary received If some arrangement could be de-no dividenda for nine years, and in 1927, were written down from vised, as 1 believe is possible, to raise the value of allver relatively £1 to 10s. to gold the trade with the Far East would vastly improve.
IMPERIAL AIRWAYS.
Of the former those which would appear capable of early treatment Our unprotected home in- dustries; the growing excess of our imports; the apparent indifference of the Trade Union leaders to the the danger, national character of The troubles which may be more gradually curable are: the present degree of unemployment of men and! The tender of goods and services machines the decline of exports, by the debtor countries is, against visible and invisible; excessive taxa- America's tariff wall, of no avail, tion.
for behind that wall she is herself Chiefly. those of external origin surfeited by goods and services of are: the drain imposed upon Great her own making, with a large and
Profita of Imperiál 'Airways de- Britain by war debta; the transfer increasing margin of unemplay-
clined sharply during the past abroad, resulting from their war-ment. She therefore continues to
When Austin Motor Co. declar- year. Preliminary figures show time suspension, of our former ex-demand payment in gold notwith- port Industries; the isolation of standing the thousand millioned dividends of 60 p.c. on the Pre- that the profit for the year to Great Britain in a world of tariff already in her possession. Thus ferred Ordinary and 100 p.c. on March 31 lust, after charging wall and frozen gold. Public gold from without and over-produc- the Ordinary shares, the share94,273, against £85,887, for ob- economies, already in care of the tion within, with a static or declin-holders were informed that the solescence, was £27,140, compared Government, I will not discuEB.
ing export trade, are ever adding profit of the year to June 30 was with £60,139 for the previous year. to her malady. An emetic. would, a record one and that home sales The dividend is reduced from 5 perhaps, be the most wholesome of Austin cars had excoeded these p.c. to 3 p.c., but the amount car- treatment that her fiscal advisers of the preceding year by 26 p.c. ried forward is increased from
The report confirms these stute- £20,957 to £31,655.
A New Charter. 1,have been all my lo bellever in
the commercial and economic But I do value of Free Trade.. not hesitate. In the conditions in which Great Britain finds herself to-day, to admit the finanical ex-
22 tariff for the of British indus- agriculture.
Such
4
Commercial and Travellers' Letters of Credit, Travellers' Cheques, Bill of Exchange and Cable Transfers pediency of bought and sold. Current account protection and Savings Bank accounts opened try and Fixed Depoalta in local and for- measure would give the arable elga currencies taken at rates that farmer a new charter and bring may be ascertained on application to:
back to the land a substantial num- the Bank
and
We are also able to offer our Cua-ber of men, and women accustomed tomers the services of the Branches to rural life who are now idle.
of the International Banking Corpora-
tion in San Francisco and Spain and
Under a tariff internal prices
also of The National City Bank of might, and probably would, rise New York (France), BA in Paris slightly, but this would be offset by
and Nico.
increased employment and the F. McD. COURTNEY,
Manager. fiscal advantage of reduced imports. Hong Kong, June 16, 1931.
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO.)
HEAD OFFICE:-Talpeb, Formosa.
Incorporated by Special Imperial Charter, 1899.
In the long run. with our factories working at their capuelty, we might hope to produce a surplus of goods exportable at world prices, with an increased reaction towards a credit balance of trade and a further re- duction of the unemployment drain on the national purse.
In aid of this latter consummu- tion it should not be beyond the wit of the Government to devise à scheme whereby a measure of the Coastal Bha la Formosa. Bank-Upias menad Arsenga umount unden. 6,000,00 wealth now devoted to the mainten-
BRANCHES AND AGENCLES:
ance of the unemployed; might be JAPAN:Tokyo, Yokohama, Kobe, Deals FORMOSA 1---ĢUna, Ear, Kerasko, Eduse productively applied with the ob- Wakoos, Nanto, Balickika, Tricks, Tina, ject of early absorption into in- CHINA, Mackow, Amoy, Foookow, fustry of some of the workless,
Awalow, Cesion, OTHERS HA Bispora Borstay particularly those of semi-ekliled
Bewaring Balavia. Bombay. Calosti,
qualifications.
Takao. Tamen, Ton, Halia, Taito
Lantion, Fine Fark, Dairen
IÖONDON BANKERS:
The London County Westmine and Parr'e Bank,
The Bank has Cortespondania is all the principal Commercial Centre throughout the world.
L. KAGURA.
Mansge
E. W. DUGGAN,
Manager.
HONG KONG BRANCH:
De Your Bowl Centrei, Hong Kong, 18th Jannary, 1938.
THE BANK OF EAST ASIA, LTD.
·
Established 1918.
HEAD OFFICE:
10, Des Voeux Road, Central HONG KONG
Capital and Surplus.............. over H.$ 8,000,000.00 Total Resources ........................ ................ over IL$30,000,000.00 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,
could administer.
AUSTIN MOTOR ACCOUNTS.
Guaranteed Unconditionally
for a Lifetime of Service
· Balanced cap,
Precious Iridian point, the world hardest and one of the mare colly *metala. Punë vi gold tip ayl ground lo amach writing
ourface.
20th of 34 keraj „heavy gold, alleged and hapedis Shafi'r factory.
Special comb feel
wning full Jou without shopping er flooding.
Clip skenk of opt
Nal gadi peng metal. Will main (6) strength and held firmly.
▼Instår cup forme "sufight thesabre. Karpi pomi most.
Szetion conven 'sently shaped in j
the fingers flymly seated
་
f
is this world-famed Sheaffer's Lifetime. All Lifetime fountain-pens
are guaranteed for life
against everything ex- cept loss. And all other Sheaffer products are definitely guaranteed.
against defects in mate
Berial and workmanship.
\Ball clip sa holds firmly without "swearinj qe tearing
the clock
YGold filled band vi
inforcer open end
of cap
THE MERCANTILE BANK OF
"Large sex offici
#ubber later per
antis pleverful sup
pig of wring full.
Pillos muchanem
Les flat on banch
INDIA, LTD.
HEAD OFFICE:
35, Ürsosohurch Brook, Lavados, E.C.3.
Authorised Capital
Subscribed Capital Paid-up Capital
....£3,000,000 1,800,000
• 1,050,000 Reserve Fund and Reat 1,600,845 DANK2781
The Bank of England à Midland Bank, Ltd.
Bangkok
Bateria
Bombay
Calcutta
Colombo.
Galla
Ipok
BRANCHES,
Karbal
Kota Bharu
·Kuali Kral
Kuals Fápis
Kusla Inimper
New York
Pinang Por La
(Monetiis)
Fangam Ranghal
**
[vog Long, Kuantan (Fabang) Bingspore Gerwink
Maline
Bourabaya
HONG KONG BRANCH,
Every useription-7-Basking and Zichange bas- Dove trazancied.
Traveller boquen lieved.
Trustee and Executorships under- taken
INTEREST allowed on Curers Accounts sol Plz Deposu od Bains But may be ascertained'
C. L. SANDES,
Chief Manager.
Queer's Road Contest. Hong Kong, 19th April, '
Manager.
Filing Jer 11 firm Ipførtemes va plaer.
„Thumb mal reces
permita convEK"
mly fun of ber
I filling
Balanced end.
Study the detailed cross-
section of the Lifetime
pen, above. It is built to serve, faithfully, for life.
· At better stoves everywhere. ........
All fountain pens are guaranteed against defects but Bisender'a Lifetime is guaranteed unconditionally for life. Fountain-pers and pencils of black, green, and black and pearl unbreakable, Fladite.
SHEAFFER'S
PENS PENCILS-DESK SETS SKRIP
'W. A. BREAFTER PEN DOSIPANY - PORT MADISON, IOWA, U. §. A.
THE SUN COMPANY, LTD.
Sole Distributorá
Skrip
SAPUTT SKRIT).
Fraentially membe