BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
cotton Capial
fhemed and Fully Puld-sp
Ameli
Maserta, Bóksary
A 3,344,994
Frøyelsior ($4,500,260
TAAD mới. HUNE KOK".
·NGARD OF · DIAJUTORUL – R. M. G, G. Ú. Masria. Chiems
W. H. Dell
Man. Mt. 2. 1. Poborova. Deputy Charassa.
A. M. Compson, Reg
T. I Pres.
3. A. Plummer, Bag.
Aster Lamia Esq. T. 1. X. ME. Hey
J. J. Warren,. Meg.
Chini Manger.
1. Grayburn, Hog.
LANCHES
RODOM
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON.
THE
CHINA MAIL.
THE HO HONG BANK, LTD.
(Established · 1917.)
READ OFFICE:-SINGAPORE Hong Kong Branch: 15, Queen's Rd. C.
Authorised Capital Straits $20,000,000 Issued Capital
****
Pald-up Capital
Reservs Liabilities
qf Shareholders. Surplus
Paid-up Capital
Reserve Fand
..£3,000,000 ..24,000,000
Benorve Liability of Pro-
prietors
...28,000,000
Agencies and Branche:
ALOR STAR
AMBITHAN
IANO KUK
BATAVIA BOMBAY CALLUITA CANTON CARNPORS CEBU COLON IN DAIREN
14t
MAIPONG CAMAURO
HANKOW
HARBIN
SUNG EON
1.TON
BATANIA
MALADOA
MBAY CALCUTTA TANTON
MANJIA
ILOILO
[POH
MCAR (lah me mă
MUIDEN
HOW TORK
W
MALFOR MANIA
W
ITALIA)
11
9045EX
1061
KOWIAKIN
PALA LUMPUR
PAIRING
PINANG
ALNQUUF $1100X
VAN THANOVKOU
KINGAPORE
KARAYA
SUNONI PATANI TIENTHLY
TOKYO
1.NOTED
TOKOHAMA
Perisi koergare spomal la Leoul Daratan Pized Deplored i vos ir u 1 perinde ta Local Currunay in Kewira tem which will bi parlak on agylinction. Hutu Kong, Ireontiline 7. 11.
HONG KONG SAVINGS BANK.
The sins of sha mbers Bank (a mančuch..
x by the HONG KONG AND
DARKING OOMPIBATION.
RADACHI
ILANG
KORE
KUALA KANGSAR
KUCHING
MADRAS
MANILA
MEDAR
NEW YORK
PRPING (Önking) PENANO
RANGOON BAJOGN HEMABANO SELEMBAN SHANOUAL
BINGAPORE
HITIAWAN
SOURABAYA
TAIPINO
TIENTSIN
TOKYO
TONGKAR (Bdukat) TRINOTAO YOKOHAMA
and
Commerce
Finance
8,000,000
4,000,000
4,000,000 2,087,000
its design. HONG KONG TRADE important factor in
Flexibility of operation is a second
Branches, Agencies and Correspon-
dents in the principal cities of the Dull Business Reported essential, whilst plast location and
world.
Evory description of Banking and Exchange busiñen transacted.
TAN, ENG H001,
Manager.
BANQUE DE L'INDOCHINE.
HEAD OFFICE:
95, Houlevard Haussmann, PARIS,
merce.
by Importers.
MONDAY, DECEMBER 14, 1931.
DAILY CROSS- WORD PUZZLE.
(This 'cross-word puzzle has been made by an expert but our readers are warned to link out for accasional phonetic spellings, such as harbor, plow, and altho./
33
H
15
6
£8 9
10
12
113
15
18
120
21
23
25
126
127
29
130
131
$32
34 35
36 37
38
43
46
46
52
jacent to, a large centre of popu- iation. On the other hand, the factory should be within easy reach. of a wide variety of mechanical and
It was electrical supplies.
not found essential that the site should
the source of the major| be near
Freight rates used. materials
156
1-Neat
3-Commandera
well be the deciding layout may 'factor between success and failure. la regard to location, it was found The following reports by import-that a rather regular relationship and ers have been supplied by Hong existed between labour ralca Kong General Chamber of Com-the average distance the personnel This could be ex- had to travel, Cotton piece goods and fancy cot-pressed as equal, to a constant plus enquiry a term proportional to the square Lon goods-Spasmodic
mean distance travelled. continues for staple lines of greys, of the but the proportion anding its way Collation of statistics showed, how- into the order bouk is extremely over, that the wages of aircraft em- small. The latest Cotton prices to ployees were less than the formula hand are those of December 11:-Indicated, whilst the percentage of American "Spot." 5.29d; men who travelled to and from the
motors works in their own F.G.F. Egyptian Sakel, 7.85d.
Hence it Woollens. The market continues much above the average. dull and dealers are finding it dif- was not considered essential that the ficult to cover,their charges on such deal aircraft factory should be immdelately ad- sales as are effected. Very little lated within, or new business is reported.
Metals. Very little doing. Flour Market--Very weak. Sundries. Stocks lower, Local prices up.
Capital fully paid up Fra. 120,000,000 Reserves: (31.12.1030) Fra. 118,508,45031id.
BRANCHES: Indo-China. China. Other Places. Salgon
Canton
Bangkok Fort-Bayard Hankeou Djiboali Hongkong which wIII
KUALA LUMPUR ZAMBOANGA
Foreign Exchange and General Banking business transacted.
Current Accounts opened and Fix-
ed Deposits received for one your or skorter periods at rates
be quoted on application.
Battambang Cantho
Haiphong
Hanoi
|
Thanh Hoa
Noumes
Fluo
Mongize
Nam Dinh
Manager.
Pnom Penh
Quinhon Taurant.
Peping Shanghai Tientsin
Pupeete
Pondicheri
J. STUART,
Bong Kong, 17th August, 1981.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(HETHERLANDS TRADING SOCIETY) DANRENS.
Falablabod 1824.
Hong Kong Offoe:-11. Queen's Hood Central.
Authorland Capital
ANGRAT
LLY
Pald-Up Capital
THE KONGEONS AND SHANGHAI
Vitaḥmed en application.
BANKING CORPORATION.
Chased angst.
King Kong, Jack July, 1399.
V, X. GRATZÜNK,
THE BANK OF CANTON, LTD. Established 1918.
Head Oce:-Bong Kang.
Katharine
Jagita) (II.X. Durranty) #11,000.000
Paid Up Caplist ........
Roverto Fapå sammanitari
BRANDLES
------- 1.1.
Cantos hangisi, [anyww.
Bangkok. Yew York and San Fermilara
CORRESPONDENTS
LONDON BANKERS :—
The Lakryd's Bink, Lámlied.
to a predal oltine of the World.
Faraigu azokange and backing baduur of
FT Aresipilan bennusobod.
Unto Deposit Baena ivirlons clavi) as u yaarly
rental et from 16 h Bit.
LOOK POONG SILAN,
Chief Hannger.
THE BANK OF CHINA. 行銀 國中
Reneva Pued........
Guilder 150,000,000.
(£12,500,000.)
Quilden 20,000,000
(D.METO.) Oulide 40,015.000- (CIT,334,588.)
Head OMAMFTERDAR3. Salora Eload D:-DATAVIA. Denne :-Bandarealo.
Bandocor*, Dornby, Calcutta, Cheriton, Dember. Djak Jakarta. The linguo. didah, Hobe. Malomar, Medum. Palembang. Pake longan, Penang. Recgons, Holterdam", Semarang, Banghal. Aingaporn, Borra kade, Borahari (Holo), Trial, Tatap and Weltorden'.
• These cipres hare Bale Deposit Boss to Int.
LONDON BANKERS:-
NATIONAL PROVINCIAL, BANK LTD. Commoprodesty all side the world. Danking Busi con of every description transacted.
A. STOKRINK.
· Mannger.
Tong Boug. 21 scumber, 1981.
THE
AMERICAN EXPRESS COMPANY.
Vinh
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 Head 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.8.$220,087,192
Branches in ARGENTINE LONDON
BELGIUM BRAZIL CHILE
CHINA
MEXICO
.
PANAMA
PERU
FACTORY EFFICIENCY.
WAB
Mase production, as developed in should be balanced against the cost of maintaining stores, and detailed the motor-ear industry, is impracti- estimates led to the conclusion that cable in many other branches of en- the works should be within a few
Here, lots to be put gineering.
hours by motor truck of some araple through commonly comprise at best, tens of units not hundreds or thou service of general supplies.
prelude to fixing the factory layout, Яands. Designs, moreover, are
a list was made of all conceivable constantly changing, making it
Followng this, de- requirements. difficult to fix standards and pro tailed estimates were got out of the
There vide reproduction facilities,
The
in
Аза
Thus,
HORIZONTAL
8-Indefinite article
| HORIZONTAL (Cont.)! VERTICAL (Cont.)
47~Youth
48-Eagle
50-Pot
C2-DHII
10-Dark brown with 151-$lck
tinge of rad 12-Fur-bearing animal 54-Scott 14-Help
15-Mischievous child 17-More than cufficient 18-Superlative suffix 19-Modal 21-Insect 23-Musical note 24-Corroded
26-A color
27-Depart 28-Girl's naMS 29-Rend
31-A Hobraw month
32-Trim 38-English school 30-Augmenta
38-Act 40-Exist
41-An arm of the sea 42-Pronoun
.43–Mineral spring
45-Relieved
60-On account (æbbr.) 57-Part 60-A thoroughfare
(abbr)
VERTICAL
1-Because
2-Torment
3-Cover
4-Each (abbr)
B-Monetary unit
18-Trips to carry
mesangee 19-Pronoun
20-Confederato general
In Civil War 122-Interlocked, at gera
whesis
24-The great artery 26-A top
20-A ros (Scot) |30-Residence (ábbr.)
34-Raw metal 38-Lowest tide 36-Encourage 37-Father
39-Musical form of
drama
42-Drago by force
6-Recording Becretary 4-Constellation
(abbr.)
7-Rested
-Lengthwise
9-Point of compass
(abbr.)
|11-Deep hole
13-A lady's neokplace
15-Opinion
16-Segment
40-A condiment
47-A falsehood 49-Pinch |51-Qiri's name
62-Towards
65-A negativo 166-In any case |65-Right (abbr.)
The solution of the above cross-word puzzle will appear in ta-internulu is-ue along with a new cross-scord puzzle.)
SATURDAY'S SOLUTION.
some
UNN छाना
on
ELLA
denu adONE
are, in fact, not a few instances on annual cost which would be incur record of the ruin of firms who, red were any one of these require- ments omitted. The value of anch ignoring the threat of progress design, have standardised too early, was thus fixed. The next step was to assume that if all were ideally! both their products and their pro-
met, the net gain would be equal to) cesses of manufacture.
the greatest profit that could bej The aeroplane is as yet in transitional stage and, changes both expected from operations, and con versely that if all were omitted, the in materials and design are con- tinual. Types differ widely, and increae in cost would be equal to The relative the same, amount. to large and small machines have be built in the same establishment, value of each item was then express
ed as a percentage of this. conditions, therefore, up- proximate more closely to those met a certain stock room were located is 26,000,000 bales or approximate- with in ordinary heavy engineering at A, the increase in cost would be ly two years consumption, aufficient
percentage of the base to ensure steady prices for than is the case, say, with the Ford" certain
It la interest- Special interest attaches Agure, whilst were, it at B, the per considerable time. plants.
L'asting to note that the crop figures be- accordingly to the recent Wilbur centage would be different.
the experience was also called upon to sides being the second largest Wright lecture, delivered to
what gain would have record, showed a yield of 197.8 lb. Royal Aeronautical Society by Mr. show
had certain per acre, as against 151.2 for Inst experienced Glenn L. Martin, in which he do-been
facilities been available. In year and surpassed all seasons since scribes the methods used to secure
Doubts about the Bureau Way, an estimate
was 1914. economical production at the great this airplane works of his firm at Balti-made of the cash value of each figures affected trading somewhat on Item, with what was considered Monday's reopening, but there has more, Maryland.
been no failing off in the demand for cloth and yarn. Enquiry has been well maintained from most markets) and has resulted in a satisfactory Demand from India has turnover. Ishown signs of broadening and
fabrics which have been neglected) for a considerable time have been the International Banking Corpora ence
enquired for along with staple lines.. tion in San Francisco and Spain and Martin states it was found that, change in the general outlook also of The National City Bank of
dhootics and several lots have been! New York (France), SA, in Faris Owing to the war criais, many im spite of the publication of a fur-More interest has been taken in
!portant mattors had been viewed ther Washington crop report. placed already.
COLOMBIA CUBA
DOMINICAN
REPUBLIC
INDIA
ITALY
JAPAN
PHILIPPINE ISLANDS PORTO RICO STRAITS
SETTLEMENTS URUGUAY VENEZUELA
Commercial and Travellers' Letters of Credit, Travellors' Chequel, Bill
Transfers of Exchange and Cable bought and old. Current accounts
The original works of his firm satisfactory accuracy. - Engineer
ing.
it
and Savings Bank accounts opened were situated on the Pacific Coast. and Fixed Deposita in local and tor-In view of the threat of war, eign currencies taken at rates that was decided, in 1018, to move them may be ascertained on application ic
to Cleveland, and in establishing the Bank.
We are also able to offer our Cus these, efficiency of operation was, tomers the services of the Branches of course, striven for. As experi- Mr. gained, however, Was
INC.
flead Office: 65, Broadway, New York,
special charter of The National Gov- stament as AD
Reorganised October 26, 1928, under
Capitel
Surplus
Ronarver
.U.S.36,000,000 .U.S.$1,072,454 U.S.$1.808.200
INTERNATIONAL EXCHANGE
BANK.
BRANCHES ;
Bubscribed Capital
...$25,000,000.00
of
Pald-Up Capital
-$24,710,200.00
AtWork
Reserve Fund,
..$ 8,820,602,91
A+M
Berlin
Kiartika Bembey
Bremen
Brussels
Buenos Aire
Datzo
Bigo Hara Hamburg Him Interlaken Jaruzalem Lido Loaden Larnepool Lueneme
Kisa Prous Paria
DANK Paking Falermo Botterdam Дор Bambool
Beuthso Барог
and Nice.
F. McD. COURTNEY,
Hong Kong, Juna 18, 1981.
Manager
baration
1. Morita
Koala Barla
Manila
HEAD OFFICE: SHANGHAL
HONG KONG branch;
4, Queen's Road Central,
Owing to our numerous branches in China and large connections in the im- portant commercial centres of the world, we are able to extend to our cllouts special facilities for domutla and foreign banking and exchanges.
We also handle the lane of Bonds and other Public Funds of the Chin ess Government' both at home and
broad.
SHOU J. CHEN,
Hong Kong, 5th March, 1981.
Manager.
THE YOKOHAMA SPECIE BANK, LIMITED.
Established 1880.
Capital (fully paid-up) Yen 100,000,000 Reserve Fund
....Yen 116,200,000
Head Office:—YOKOHAMA,
Branches and Agenelas ett
'Alexandria
Untavim
Berlin
Hombey
Calcutta
Canton Changchun
Nagasaki
Nagoya Newchwang New York Osaka
Paris
Palplug Dairen (Dalny) Rangoon Fongtian (Mukdon) Rio de Janstra.
Hamburg
San Francisco Seattle
Hankow Harble Новк
Semarang
Kong
Shimononad
Singapore
Honolulu
Kat Yuen
Karach Sobe
Loudon
Los Angeles
Soorabaya
Sydney Tiontain
Manita
Tokyo Taingiau
Interest allowed on "Current do-
counts.
Deposits roofved for fixed periods 43 rates to be obtained on application.
FL. MOBI,
Manager,
Hone Koma. Liik September, 1831.
Calontie COD
·Calambe Donatantinopla Cepankara Edinburgh Flarenes Geeva
Lugano Lazor
Hualsh
Mont
Milan
Fantala Vienra
fokohama Juriak
Branchos of Amorlean Express Company to Principal cities of Unit- ed States of America and Canada.
All classes of Commercial Banking Transactions undertaken.
Personal handled.
investment
accounta
The Company offers to intending Travellers the ase of its "Travelers Cheques" and Letters of Credit and, In addition, the world-wide services of its thoroughly equipped, Travel, De- |artment.
E. W. DUGGAN,
Manager.
HUTTON'S MANCHESTER WEEKLY MARKET REPORT.
Wednesday, November 11.
has acen little The past week
in
Al-
Offers have gen-i
TRCEINGI ES
TE
of 16,908,000 out of their proper perspective, and though the estimate a start was accordingly made to bales proved larger than had been rally been low but have tended to improve. White shirtings are re- wards, the formulation of the re expected the market showed little quirements of an ideal factory, response, as traders have now made ported to have been booked in fair
es-up their minds that supplies are quantities, and there has been a laney which WBB subsequently.
quiet business in light bleachers for tull. With a The bound to be abundant, Baltimore.
Karuchi and Madras, Fancies have! auch carryover of 9,000,000 biles from also been taken while prints have ased in bo
an last season the prospective supply been receiving attention. he
Demand are,
says,
THE BANK OF TAIWAN, LTD. tablished
(TAIWAN GINKO.)
HEAD OFFICE:-Taipeh, Forcaoan.
Incorporated by Special Imperial Charter, 1899.
Central Back in Formosa. Bank Nulo nued åvengo amount .......Tea, 13,090,009
BLANCHES AND AGENCIE JAPAN-Tokyo, Yokohama Kobe, Deska
Karotka, Keelung: Kakang, Nano, Bhinchiku, Taichu, Tainan,
Tamu, Town, letto, Taiw CAIXA:-anglai, Hankow, Amoy, Foooks,
Hwalow, Canion.
OTHERS-X-ra Кол Blogspore, Barabaya.
Bemarang Belaria Bombay,
Calvatle
London, New York, Daing.
LONDON BANKERS.
The London County Weiminster and Tur's Beat.
The Dank has Correspondente in all the petunipa Commercial Cenizes throughout the world.
K. XAGURL.
Hinagar
HONG KONG KHANOM:
Dot To Hand Central Hoog oog psa Jamowry, 19
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 À.$30,000,000.00
Every description of Banking and Exchange - business transacted.
Current and Fixed Deposit Accounté in local and för" eign currencies opened for 'ellentă:"
Savings Account and Safe Deposit Boxea, Branches and Agencies all over the world;
KAN TONG PO,
Chief Manager.
..at
materials. to 1 factory
2011-
A.0. F. C. Average of Shanghai Stocks
THENSY RKPALIENTATIVI 1906K1
AMERICAN CHEMICAL
DIAMONDS.
Equal to real diamonds
Cuta
in brilliancy of lustre and hardness, glas* like real dila. Juonds. Pruol' against tire, steel fle, nitric acid, etc.
The bril
of lustre will never become Price per carat ten shillings.
Terms: Cash or CO.D. THE AMERICAN CHEMICAL DIAMOND CO,
P.O. Box No. 240, Penang.
from. China continues setive, al. though business has generally boon Soveral not for large quantities, Plines of white shirtings have, how- ever, been mentioned, along with funcies and dyed goods, and there is every possibility of the turnover Increasing. Java and the Straits and quietly buying plains fancies along with dyed goods and business is offering for Rangoon in fine lawna. Offers for dyed goods and heavy cloths have been received from the African markets, and South America has also provided Some support though buying has not been general.
aro
Big British Loss .
Damage estimated at more than £200,000 was done to the premises of Messrs. Juan and Joes Drysdale, the British firm of agricultural ma- chinery importers, by a fire which broke out in Buenos Aires.
The buildings of the company, which occupied a block of
over
Shares are again moving uncered off from 24.72, a high point es-jon credits. Many phases of com 10,000 square yards In the centre. tainly on the Shanghai Stock Extablished in the market rally of mercial activity are showing gains of the city, and a large amount of last week The growing unrest of continuously; however, and this is machinery, were completely des change due to freak difficulties in Chinese within the country, and the little doubt but that annual reports troyed.
political situation. The regig vigorous activity of overseas Chin- of many leading companies will A number of firemen were in- nation of the two most important ese in demanding force of armis in make good reading,
jured in dealing with the fire, governmental oficials carrying on Manchuria has brought à now feil" The statistical record of the which was one of the most destruc International negotiations. was a ing of uneasiness to thancial pos|A. O. F. C. Average follows: tive that Buenos Aires has export- depressing influence, that brought|ple.
Jan: 10 24.10 enced in recent years.
Ing.
lower share prices Monday Morn The expected: improvement in High for year Bopt 19 28.66 The capital of the company.
mioday condillóna did not mateil- Low for year. The A.O.F.C. Average has taper- alize, and thera is silli a strain
Nov. 28 23:59 which employs 2,000 workers," Dec. 3 24.27 £5,000,000.