———- $100,000,000
1,500 206
TUESDAY, DECEMBER 1, 1931.
PAPER AND ITS MANY USES.
and In tho loat decade tho
THE
CHINA
MAIL.
8,000,000
4,000,000
Commerce
Finance
1,000,000
IMPERIAL AIRWAYS PROFT?.
Imperial Airways carnings suffer- Canadian production of news ed in the year to March 81 from print increased 80 rapidly a diminution in the supplementary that other forms in which Continental services, always re- papers and manufactures of paperlatively more profitable than the re- are being marketed have perhaps gular flights, which continued to be. The Indian mall
it
2,087,000 BRITAIN AND INDIA, Mr. Gandhi and the Bombay Mil-
owners Association are in complete been largely overlooked by the well supported. agreement. They both want India public. Such form include cement service made progresa 60 for *A to be clothed with cotton goods made and flour bags, rug pads, curtains lotters and freight were concerned, in the country, but so long as there and blinds, serviettes, handker- but the compulsory deviation to a is a surplus to be provided they
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Lubberlasé Cuylind Kround and Pully Hall-nə Bosorry Pudder |--
Wag kaart (18,000,000
800,100,000
Husarvo Lish-lille of Propelevers un 105,205,000
MRAD WITION; HOKO KONE.
BOARD OF DIRBOTONS (-
es. Mr. O, 0.0. Msakla
Clines.
Man, Mr. X, J. Peterova, Deputy Clemon.
*US E. V. 1. Hell, T. E Pouren, H
L. L. Somsben, Bog. 7, L. Flammet, 204.
. Kandu Lewis, 'Beç. T. H. 2. Khan,' Bog."
J. 7. Warren, Mis
Fatal Mana
MAMAN.
4. Dragbara, Meg
ANOTRE-
LONDON
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858.
AKBITBAS BANGKOK BATAVIA BOMBAY CALOUNTA CANTON CAWKPUBS
COLOMBO DALBEN
HASPHORG BANGUEG
MEDAN
NEW YORK
BANGOON BAIDON
THE HO HONO BANK, LTD.
(Established 1917.).
HEAD OFFICE:SINGAPORE, Hong Kong Branch: 18, Queen's Rd, C.
Authorised Capital Straits $20,000,000 'Tasted Capital
ΑΚΟΥ
ΣΑΡΑΚΟΣ
BATAVIA
Paid-up Capital
Rezerve Liabilities
+
HRAD OFFICE: LONDON.
Paid-up Capital
of Shareholdera
Surplus
Reserve Fund
Have Liability of Pro-
priators
.£8,000,000 ..$4,000,000 .$3,000,000
Agencies and Branches
ALOR STAM
KUCHING
MADRAS
MANILA
DELHI'
Branches, Agencies and Correspon- denta in the principal cities of the world.
Every de cription of Banking and Exchange business transacted.
TAN ENG HOOL
HEAD OFFICE:
Manager.
96, Boulevard Haussmann, PARIS.
A
Commercial Entente ? Many business mon, Indians as well as British, have been coming to think that the business mon will have to help the politicians if we are eventually to make a satisfac-
spoons and milk bottles. In this
tory settlement of our future trade Trading Relations with Britain. last connection it is of interest to $115,165, and as
PEPING (Peking) ГОМАНО
BANQUE DE L'INDOCHINE.
KEMARANG
BEBBM BAN
BRANDHAI
HANKOW
ВІНОЛГОВИ
LIGNE
SABRIN
BITIAWAN
МОМО КОМО
BOUBABAYA
MALAGOA
ILOILO
1:
TLIPINO
HARELA
IPOK
TIEKIOUX
MUAB (John)
XANASEX
TOXYO
KLANG
MOEDAI
XORN
TUNGKAH (Bkukod] TRING140
NEW TORY
GALA KANOKAZ
YOKOHAMA
XUALA LUMPUR
EANDGANGA
General
which will
Manager.
Hong Kong, 17th August, 1981.
BRANCHES:
Indo-China. China. Saigon
Canton Hanoi
Fort-Bayard Haiphong Battambang Hankeou Cantho
Hongkong Thanh Hoa
Noumen Hvo
Monirtzo Nam-Dink Peping Papeste Pnom-Panh
Shangbal Quinhon
Tientain Tourane
Yunnanfou Singapore Vinh
Bangkok
the
RANGOON
VALOETTA
ΠΑΝΤΟΣ RYOO
DOLONSO
DAIREK
ORGED W
MAMBUNG MANSON
ROKOZEW
PENARS
PA100X
SAN FRANCIBOL
MIKANDELA
Foreign Exchange and
Banking bustness transacted.
Current Accounts opened and Fix-
ed Deposits received for one your or shorter periods at rates be quoted on application.
J. STUART,
COILU
PO
JONOEN
בנס
HOWLOON
KUALA LUMPUR
SINGAPORE
MOURABATA
SUNGRI PATANI TIENTSIM
TOKYO
IKINGTAO
YUKOZAMB
Egerous Ansonnig spessé la, Laoni Durrabez
w Pad Dapodi reared fat ons po
shocker gorlede in Leoni Curtenay and Bertika no terms which will be quoted an esplèteme
Hong Kong, Mish Pubruary, 1001.
HONG KONG SAVINGS BANK.
The Blume of the abys Bank is vendask
w by the HONG KONG AND BHANGHAL MANKIND CORPORATION.
bed application.
Bulan may b
FOR THE HONGKONG AND ORANGEAI
WANKING CORPORATION.
V. H. GRAYNOSE,
Oldal Mine,
Kusg Kong, iki Zalz, -1900,
THE BANK OF CANTON, LTD. Established 1912,
Head Offer: Hony Keay. Unibertsal Captial (ELE. Curromay) BTAJ000,000
Howry Pand pa
BRANCHES 1-
Daston, Changhel,
Zamkow, Custom, Mangkak, Hew York and Bau Franglendi
KOORLESTONDENTS
LONDON BANKERS 1--|
The Floyd's Bank, Láralind.
in all prinsipal ičikar of the World.
Forogo szukangs and banking braksom of
Sala Durals Base {vorions alone) ni u poorly
combat at from 40.
: LO0E, PHONG SEAN,
Chief Managar.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
INKTOPLANDI TRADING SOCIETY).
HANKETS,
Established 1835. Hong Kaig 0-11, Queen's Toad Central. Authorised Capital Gulldom 180,000,000. (£32,000,000.) Paid-up Capital ....... Gulfdem 80,050.000
(6,680,170.) Reserve Fund
Bulldog, 43,010.000. 128,031,583.)
Head Dion:-AMSTERDAM"," Esstern Head Offer:-BATAVIA.
Dandong Brancis:-endir-ramai.
Bombay.
Djok Kobe, Pein
Cheriton aber, Calautta, jakarta, The Hague, Jiddal. Makasar. Nodan, Palemban longas, Penang, tangoon, Rotterdam", 'Homarang". Nhangal, Singapom, Boara. buix, Hoerakarta (Holo), Tegal, Tjiljay and Woltoreda
There hare Safe Deposit Bores to Ext.
LONDON RANGERS:--
NATIONAL PROVINCIAL DANK LTD. Barcsapoadrats wil are the world. Baking Bal urre of messy description transol,
A, STOREINK,
Hong Kong, 1st December, 1981,
THE
Manager.
AMERICAN EXPRESS COMPANY,
INC.
THE BANK OF CHINA. 行銀國中
Head Office: 65, Broadway, New York.
Capital
special charter of The National Gov.
Reorganised October 26, 1928, under
Surplus
Reserves
.U.S.10,000,000 .U.8.$1,572,454 .U.8.$1,908 209
ernment as an
INTERNATIONAL EXCHANGE
BRANCHES:--
BANK.
Aminedam
OBDOB
Aubrey
Osgow
Натана
Pald-Up Capital
..$24,710,200.00
Deale
Barila
Besarra Funda
8,820,563.83
Bombay
Hubung Barre Interlaken Zarnica
Bromon
HEAD OFFICE: SHANGHAI
Druzesta
Вам
Subscribed Capital....$25,000,000.00
HONG KONG BRANCH:
4, Queen's Road Central
ow
Owing to our numerous branches in Cliina and large connections in the im portant commercial centres of the world, we are able to extend to dilemis special facilities for domestic and foreign banking and exchanges.
We also handle the issue of Bonde and other Fublin Funds of the Chin 180 Government both at hoina and abroad.
SHOU J. CHEN,
Manager. Hong Kong, 5th March, 1931.
Ovice
Osnage
Opi
Copenhage Efabrik Fara Cheers
Lilo London
14verpool
Laberne Ере
Lażor
- Marnellion
Monte Carls
Hanlie
Munich
Nice Napis Pireous Farla Penang Taking Palatin Rotterdama
Bamboul Shanghal Boushampion
Singapore
BL Morias
Tastin
VISTAS
Train
Yok.me
لمانية
Montreux Miles Branches of American Express Company in Principal cities of Unit ed States of America and Canada.
All cimases of Commercial Banking Transactions undertaken.
Personal investment handled
accounte
The Company offer to intending Travallers the use of its "Travelers Cheques" and Letters of Credit and,
THE YOKOHAMA SPECIE BANK, in altion, the world-wide services
LIMITED.
Established 1889. Capital (fully paid-up) Yen 100,000,000 Heserve Fund
Yen 116,200,000
Head Ofice--YOKOHAMA. Brenches, and Agencies at:
Batavia
Nagasaki
Nagoya
of its thoroughly equipped, Travel De- partment
Afiliated with
THE CHASE NATIONAL BANK Resources ..Over $2,500,000,000
E. W. DUGGAN,
Manager.
Pondicherry
would as soon it came from Britain chiefs, towels, doilles, cord, con- more northerly route and the un- as from Japan, and they fear that tainers for foods, and drugs, pack rest in India told on the passenger the latter would be harder, both for ing cases, wallboard, cores, uphol- traffic. The service returned in political and practical reasons, to atery, drinking cups, plates, dishes, May to the old route. oust from their markets,
Trading profit fell 14,211 to.
ather income de- relations with India. There was a
Mr. Gandhi stated his own poɛl-{ tendency at the first Round-tabletion to the millowners as follows: note that the paper milk bottle is creased and Insurance charges rose, while provision for obsolescence and If I had my way India would meeting with favour In New York depreciation absorbed. £9,721 moré, Conference for both sides to accopt the position that the safety of Bribe clothed in khadi to the exclusion although its use in Canada is at pre- or £105,160 in all the net dropped as
even made in Capital fully paid up .Fra. 120,000,000tish industry in India should be of all other cloth
sent negligible.
much 08 $32.999 to £27,140. Reserves (31.12.1930) Frz. 110,508,44 dependent on the veto of the Viceroy indigenous mills. 2. While India
Ordinary capital ranking for divi One of the new uses for paper is dend was £624,055 against $474,- and the Provincial Governors. Such is unwilling (there is no question of an arrangement is bound to be un inability) to manufacture all the in the manufacture of soap paper 051, and as already announced, the Other Places, satisfactory. There sure to be a khadi she needs, I should allow in-leaves-delicately scented little divided is reduced from 5 to 8 per period when politicians in office will digenous mill cloth to supplant it squares of paper put up in amali cent, absorbing £14,041 against have to face angry criticism because 3. There is picketing of foreign booklets are quite inexpensive and
£18,871. promises cloth because foreign cloth competes they cannot fulfil Djibouti
This time there is no counterpart which all nationalists have, only with both khadi and Indian mill will probably be used extensively to the £25,000 provided for taxa- naturally, been making, during their cloth. It is irrelevant whether the by barber shops and beauty parloure tion a year ago, but £2,500 is again long period of opposition. No one cloth manufactured in the respec- for advertising purposes.
written off the item relating to pos with the least knowledge of modern tive countries is fairly produced and
sible claims for ropayment of sub- Paper has also found its way into India can doubt that they will try brought here or not. 4. If there
sidy. Then the undivided balance the past few) and use the Governor as a scapegoat, was no competition, and if it became agriculture during
is raised from £20,957 to. $31,556. A type of specially treated The fleet has been increased from jespecially in those provinces where clear that some foreign cloth had to years.
racial
kraft paper, marketed under the it will be easy to arouse
come to India, and if Britain, was antagonism. In order to justify in partnership with India freed, I name of mulch paper, greatly in-twenty-three with eleven construct- their attack they will introduce would give preference to Britain creases the productivity of gardening to thirty-three is service or or take administrative over all other countries ...." Now produce y discouraging the growth nearing completion, and eight under construction, the balance-sheet. action which will force the Governor Mr. Gandhi has views about khadi of weeds and assisting in the re-value rising from £483,517 to to use his veto, and one can imagine which are shared by very few In- tention of moisture. that this might be a convenient dians. It is true that the home-] Furthermore, a large amount of opportunity for a discredited Minis-made cloth does manage to hold its Canadian made paper is export- try to "go to the country," or at own, and the village wearer pro-ed
and later returned to! least to resign, writes the. Manchea duces
in about a quarter of India'a' Canada ter Guardian's special correspondent consumption, but this is due partly cessed in India.
on the Ordinary An Economic Conference?
lack of any other occupation. The value of the imports of paper and It is for this resson that the three million
weavers continue to paper manufacturca, exclusive of shares of Babcock and Wilcox, the famous boiler-makara, is unchang- whole question of constitutional carry on their poorly rewarded pro-books and printed matter, was
at 7 p.c., payment
on this more seriously fession because they have nothing $12,907,668 in 1980. safeguards la taken
occasion is to be made less tax, in- Britain than in India. Most else to do, and they have never gone
stead of tax free, ns previously. people understand that they will into the factories to any great ex-
Having regard to economic condi- only be effective in regard to com- tent, nor could the latter absorb
tions and the position of the foreign mercial matters when the Viceroy's many of them. No one, therefore, or the Governors' powers are used takes very seriously Mr. Gandhi's Insurance companies are not by exchanges, the present distribution against some messure so extra-idea of an India entirely clothed in any Jeans exempt from the in-cannot be regarded as otherwise vagant or so unfair that it will be the products of the handloom, and fluences of depression and currency) With its extensive interests over- safe to force a constitutional crisis it is clear that there is à distinct depreciation, but the leaders among and trust to the good sense of the reaction in favour of returning to them are so inherently strong that scas, the company is bound to be affected by world-wide trade depres- electorate. Consequently there is something like normal trading rela- they feel little more than a ripple. growing feeling in favour of hold-tions with Britain.
Interim dividends are now being elon and financial difficulties, es-
Every description of Banking and Exchango Business transacted,
Interest allowed on Current Accounts and Fixed Deposits according to ar- legislation rangements.
Safe Deposit Boxes to let. Travellers' cheques issued.
A. BONNAUD,
Manager,
6, Queen's Road Central, French Bank Building. Hong Kong, 1st November, 1931,
THE NATIONAL CITY BANK OF NEW YORK.
HEAD OFFICE: 65, Wall Street, New York.
Capital, Surplus and
Undivided Profits ..U.S.$228,087,898
Branches in-
ARGENTINE
BELGIUM
BRAZIL CHIL-E
LONDON
MEXICO
PANAMA
PERU
PHILIPPINE
ISLANDS
PORTO RICO
STRAITS
CHINA COLOMBIA CUBA
DOMINICAN
REPUBLIC
SETTLEMENTS
INDIA ITALY JAPAN
URUGUAY VENEZUELA
ཇཱ
in
# further pro- state, 18 ia corrborat-
£611,751.
BABCOX AND WILCOX
While the rate
to the caste system, and also to the ed by the fact that the total dividend for 1931 of the interim
INSURANCE DIVIDENDS,
ed
than satisfactory.
ing in Economic Conference imme- Similarly it is generally recognis-announced by the principal com pecially in regard to the exchanges.
diately after the Round-table Con-
men, an
1
'BIG'
the sense of Its fancial position, however, is ference has finished Its work. Ied that India's finances are going panies, and confirm
The in conditions, it should be amongst should be a conference of business to present an appalling problem, and security entertained alike by share-strong, and, with any. Improvement
"Unlearned Parliament," that most of the proposals put for holders and policyholders, from which lawyers and politicians ward by nationalists will cost money Royal Insurance is again paying on the Irat of our big manufacturing Commercial and Travellers' Letters would be excluded. Such a body, if while reducing the revenue. There interim of 3a 3d per £1 share, 10s concerns to benefit..
For 1980, a further 3s was is little prospect of any new Gov-paid. of Credit, Travellers' Cheques, Bills really representative, could probably
final dividend, of Exchange and Cable Transfers evolve a satisfactory modus vivendi vernment embarking on expensive distributed as bought and sold. Current accounte and Savings Bank accounts opened which might, if the political atmon-State enterprises or killing the few making the total for the year 66 and Fixed Deposita in local and for phere is better, be far more favour-gecse which lay an occasional golden pc., against 60 pc. in the previous eign currencies taken at rates that able to Britain than would be gen- egg. The cataclysmic school are year.
That veteran institution, the noisy, but not really powerful, and may be ascertained on application to orally expected.
once it is seen that a responsible Royal Exchange Assurance, which the Bank
There is undoubtedly a group, We are also able to offer our Que tomers the services of the Branches with representatives in the Cougress Government is coming into being has paid 27-p.c. for the last five, of the International Banking Corpora- and also amongst business men, who there is likely to be a considerable completed years on its capital stock tion in San Francisco and Spain and look forward to a policy of appro- reaction in favour of making the (dealt in as £1 units), now repeats! also of The National City Bank of priation
with no compensation, change over as quietly as possible. the usual interim distribution of New York (France), BA in Paris Some of these men are merely It will, in fact, be the time for 10 p.c.
The interim dividend of the F. MED. COURTNEY, "fishers in troubled waters," while business men to meet, and their
Manager, others are academic theorists. In conference should be the first step. Liverpool and London and Globe In- Hong Kong, June 16, 1981
these time when every Indian be in the hardest campaign which has surance is also to be maintained, lieves in asking for more than he to be fought in India, the campaign the usual payment of 138 8d per
share having been declared. wants in the hopes of getting what against her poverty.
and Nico.
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO.)
HEAD OFFICE: Taipeh, Formoss. Incorporated by Special Imperial Charter, 1999.
he does want, the extremist receives a full measure of publicity, but it would be a mistake to Imagine that most Indian business people do not fully appreciate the fact that their trado with Britain is reciprocal, and that if it is a question of under- selling Indian products there is much greater danger from Japan, or ultimately from Russia, than from Japan, or ultimately from Russia, 20140881-diena, Lag, Kanaing Ilus than from Britain. On this point
Makong, Manto, Shinobis, Tubes, Tires, Takan, Tamoul Tom Hallo, Talla CIELNA ---Shanghai, Kankow, Amay, Forchow,
Swalow Daniom.
Central Bank in Fermions. Bank-Hoser inset Arsengs sttowns „Žan.,,000 'RRAFSHED AND LOHNGLES':
JAPAN 1-Tokyo, Kokabazza, Lobs, Owks.
|
·
OTHERS—EARgKong, Magsport,
Bobay. Bearing Belavia, Lagoon Kew York, Dalean.
LONDON BAKKERS Į
Bourabaya. Calonia,
The London County Westminster and Parr's Bank. The Bank has Derronpondente in all the peinalpel Commercial Coates throughout the world." L. MAGURI
-Manage.
'HONG KONG BRANCH: AN
D Your Bead Central, Hong Kong, th Zamunty, 1999.
F22.99
(1999)
BILL TILDEN
COMING TO HONG KONG
A.0 F. C. Average of Shanghai Stocks
SWENTY REPRESENTATING STACKE
Calcutta
Berita Bombay
Caston Changchan
Newchwang New York Osaka Faris
Palping
Dairen: (Dalay). Rangoon
(Mukden) Rio de Janeiro
Ban Francisco
Beattle Semarang Shanghai
Bankow
Harbin
Konetalu
Karachi
Kobe
London
Los Angeles
Manila
Shimonpeeki
Bingapors Boerabaya
Bydney
Tlentata
Tokyo
Taingtan
Interest, allowed on: Current As
Deposits received for fixed periods rams to be obtained on application.
EL MORE
Hong Kong, With September, 1931
THE BANK OF EAST ASIA, LTD.
Established 1918,
HEAD OFFICE:
10, Des Voeux Road, Central. HONG KONG
Capital and Surplus
Total Resources/...
over HL$ 8,000,000.00
over IL$30,000,000.00
Every description of Banking and Exchango business transacted?
Current and Fixed Deposit Accounts in local and for
eign currentlas opened for clients.
Savings Account and Safe Deposit Boxes.
Branches and Agencies all over the world.
MAN TONG PO,
Chief Manager, !
Maurice CHEVALIER
The
Smiling Lieutenant
·A Parasiount Pictzire
COMING KING'S
Short, uncertain price movements entira political outlook. There have formerly were in the stock market.
A steady flow of funds to finance have been taking place on the been few market activities, as
trade has Shanghai Stock Exchange during consequence, other than those made outport winter.
absorbed money that the past week. The AO. F. C. necessary by special reasons such as niso... Average has been fluctuating a need for funds. Prices of shares might find normal usage in the The outlook for bet irregularly alightly above the low are at such reduced levels that alock market, point for the year established No-shares forced on the market have ter share prices is somewhat cloud- vember 10. Buyers of stocks are been finding takers at prices that ed due to unsettled conditions that
axisk? LA FONT W very apethetic due to the acute are fairly atendy.
The statistical record of the The effects of exchange political situation and the news of fresh hostilities in Manchuria,
fluctuations have not worn off as an A. O. F. C. Average follows: While the League of Nations is influence on the stock market. It to Be January 6 24.10 carrying on conferences, conditions generally agreed that funds are High for year September 19 28.66 are in a state of flux, for news may still employed in the silver market Low for year November 10 23.77 Novembor 23 - 24:01 be released at any time altering the and exchange" transactions that
and allver