BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION,
Anthead Capital $50,000,000 Lawod and Fully Tald-up 10,000,000 Bessers Funda-
String
(2014 B 6,500,000
Home Libility of Propriators $20,000.000 HEAD OFFICE: HONG KONG.
BOARD OF DIRECTORS—
Hon. Mr. . . 8. Muckle. Chairman,
Hon. Mr. J. 3. Putason. Deputy Chairman.
J. A., Plummer, Peq.
W. H. Bell, Pay,
A. H. Compton, Esq.
T. H. R. Phaw, Fag.
a. Mukle, Esq.
·T. K. Pearce, Exq.
AMOR
BANGKOK
DATAVIA
J. P. Warren, E.
Chief Manager.
V. M. Oyburn, Esq.
DUANCIES.—
LONDON
BONDAY
CALCUTTA
GANTON
CHEFOO
COLOMBO
DAIREX ИСКУСНОЕ
HAIPHONG HAMBURO HANKOW HARBIN HONGKEW
120110
IPOH
JOHORя
KOBE
KOWLOON
MUALA LUMPUR
MUNDES
LYONS
MALACCA
MANILA
MUAR (10barn)
NEW YORK
PRIPING
PENANG
BANGGON
SAIGON
SAN FRANCtsen
SHANGHAI
SINGAPORE
BOURADYA
BUNGHI PATANY TIENTSIN
ΤΟ ΣΥΝ
THINDIAO YOKOHAMA
Current Acouste opened in Loral Currency and Fired Deposita received for one year or shorter perioda a Local Ourmacy and Ring beria which will be quoted in application. Hong Kong, December 7, 1941,
HONG KONG SAVINGS BANK.
The Basinres of the shore Hasic is conducted KONG KONG AND HIJANGHAI BANK- ING CORPORATION. Rules may be oldaland an application.
FOR THE HONDEONG AND SHANGHAI BANKING CORPORATION,
V. M. GRAYBURN,
Chiel Manager.
Fong Wang, 18th July, 1900.
THE BANK OF CANTON, LTD.
Established 1912,
Head Offee:-Hong Kong.
Authorland Capital (1LE. Currency)...$11,000,000
d-Up Capital
Reserve Pand......
À,085.000 1,500,000
BRANCHES
Canton,
bangal, Janko.
Bangkok, New York and San Francisco.
LONDON BANKERS :-
The Lloyd's Bank, Timited.
CORBERPONDENTH
In all principal cition of the World
Foregs Exchange and banklag boriness of
sory downription frequested.
Bal Deposit Bozon (various also) at a yearly
read of from 85 to 840
LOOK POONG SHAN,
Chief Manager.
THE BANK OF CHINA.
行銀國中
Reorganised October 26, 1928, under
special charter of The National Gov-
ernment at an
INTERNATIONAL EXCHANGE
Subscribed Capital....$25,000,000.00
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
THE CHINA
MAIL.
THE HO HONG BANK, LTD.
(Established 1917.)
HEAD OFFICE:—SINGAPORK Hong Kong Branch: 18, Queen's Rd. C.
Incorporated by Royal Charter, 1863. Reserve Liabilities
HEAD OFFICE: LONDON.
Authorised Capital Strata 120,000,000 Issued Capital ............ Paid-up Capital
8,000,000
4,000,000
of Shareholders. Burpla
4.000.00
2,687,000
Paid-up Capitul Reserve Fund
£3,000,000 .£4,000,000
Branches, Agencies and Correspon danta in the principal eities of the world.
Reserve Liability of
prietors
Pro-
..£3,000,000
Agencies and Branches:
ALOB STAR.
AMRITSAR
DANGKOK BATAVIA BOH BAY CALCUTTA CANTON CAWNPORE CEBU
COLOMBO
DAIRES
DELHI
KOOMINO
MADRAS MANILA
MEDAN
NEW YORK
PERINO (Ping)
PENANG
BANDON
HAIPHONG
HAMBURG
HANKOW
RABBIN
HONG TONG
TAIPING
ILOILO
RLAND
IPOR
KARACHI
NONE
KUALA KANGRAI
Every description of Banking and Exchange business transacted.
TAN ENG HOOL,
Manager
BANQUE DE L'INDOCHINE.
HEAD OFFICE:
96, Boulevard Hausmann, PARIS.
Capital fully paid up Frs. 120,000,000
XALOOR
SEMARANG SEREMBAN SHANGHAI KINGPORE HITIAWAN SOURABAYA
TIENTSIN
Reserves (81.12.1980) Fr. 116,538,454 BRANCHES:
TOKYO
TONGKAH (Bhuket)
TSINGTAO
YOKOHAMA
ZAMBOANGA
KUALA LUMPUR
Exchange and General
Hanoi
Thanh Hoa
Prom-Penh Quinkon Toursar Vib
Indo-China.
China. Saigon
Canton Battambang
Bangkok Cintho Fort-Bayard Haiphong
Hankeon Djibouti Hongkong
Noumes Mongtze
Papeete Peping Shanghai
Pondicheri Tientsin Yunnanfon Singapore
Other Places.
Foreign
Banking business transacted.
Current Accounts opened and Fix- ed Deposits received for one year oOT shorter periods at rates which will be quoted, on application.
J. STUART,
Manager. Hong Kong, August 17, 1931.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
¡NETHERLANDS TRADING SOCIETY)
BANEERA.
Established 1924, Hong Kong Ofte :-), Queen's Road Central.
Authorised Capital ............... Paid-up Capital Roseres Fund...
Quilders 150,000,000. Quilders 80,000,000. Guilder 40,018,000.
Bead O-AMSTERDAM.. Eastern and Uto:-BATAVIA.
Beichen:Banderman, Пandong". Bomber
Calouits, Charibor,
Djember, Djak- jakarta The Hagus", "Jiddah, Robe
·Makanan.
Hodan, Palambang, Peks longan, Penang. Rangoon, Rotterda Semarang, Shanghai, Singapore, Spers bein, Bourakarta (Holo), Tegal, Tilstjap and Weltevreden",
• These cons have Bale Depoelt Boz lo Lot.
LONDON BANKENS:—
NATIONAL PROVINSIAL BANK LTD,
Correspondents all over the world. Banking Dual-
of y description tradioacted,
A. STOKKINK,
Hong Kong, hit Deestober, 1931.
THE
Hue
Nara Dinh
Every description of Banking and Exchange Business transacted.
and Fixed Deposits according to ar- Interest allowed on Current Accounts
rangements.
Safe Deposit Boxes to let Travellers' cheques issued.
A. BONNAUD,
Manager.
5. Queen's Road Central, French Bank Building, Hong Kong, 1st November, 1981.
THE NATIONAL CITY BANK OF NEW YORK.
HEAD OFFICE: 55, Wall Street, NEW YORK.
Commerce
TUESDAY, JANUARY 12, 1932.
THE FUTURE OF and ADVERTISING.
A CHALLENGE TO SCIENCE.
Finance. Complete Theory Yet to Yogi Whom Poisons
BRITISH TRADE AND
STERLING
FAR-REACHING EFFECTS OF THE FALL IN THE POUND.
In an interesting appendix to their cotton trade report December 3, Messrs. Joseph Wood & Co., Bradford, present the following considerations with reference to sterling:-
the £ that we
49
Be Worked Out.
Cannot Kill.
In proposing a toast to "The Sir C. V. Raman and Future of Advertising" at the an-audience of science teachers
a large nual staff dinner of Millingtop atuaents of Presidency College were and Limited, held at the Foreign, the amazed spectators of a poison Y.M.C.A., Shanghai, recently, Mr. swallowing demonstration which
we
raw material is
of J. A. E. Bates, directing manager was given by Narasingha Swami, a plete theory of advertising had yet At the physic theatre of the of the company, said that "a com-Bindu Yogi of Andhra, Madras. to be worked out. As a Stience, It College, the Swami swallowed con- is still in the experimental stage centrated acids of a deadly nature So much depends on the value of to the value of sterling. But, so and the future will witness many including potassium cyanide,
do not think our long
changes in both Its technique and the £ has a purchasing general principles." In speaking of poisons which were also taken were cotton market report is complete power at home, Great Britain has a the aesthetic aspect of advertising, located by X-ray in the stomach of Pieces of glass, nails and várfóns without giving our opinion on this great advantage over foreign com- Mr. Bates said the now movement the Swami who felt none the worse question, although we do not pose petitors when it comes to exports, ns being financial experts, and even when the
at presént find architecture, for them. much prefer to keep to purely purchased from a country which is painting, furniture and decoration, Hatha-yoga is an age old practice trading questions.
still on the gold standard, and the the bold use of colour, is also find-yogi, they are able
which aims at simplicity of line and of Swamis in India. According to The position of the S at home lower the value of sterling, the
to counteract and the £ abroad is entirely greater is the advantage.
ing expression in the design and, the fate which follows the use of different. In some countries abroad
layout of advertising matter. Position of Cotton Goods.
such poisons. The Yogi's perfor- the is not worth 20/-, whereas in
Another marked change taking mance is a challenge to modern. If we take cotton as an example, place is in the literary quality of science. others the £ is worth more than Full Mid American at Liverpool
Such was the opinion, of 20. In Great Britain the & is to-day (December 3) coats 5d. per artists are now employed to make although the whole, demonstration advertising. Just Rå first-class Sir C. V. Raman who felt mystified, stili worth 20/- to the man in the lb., so that the actual cost of raw designs, eo first-class writers are was carried out under the strictest street, as its purchasing power re-material in a piece of cloth weigh being induced to come into the pub-scientific supervision.
ing 30 lb. is 12/6d. This is basing licity field. Photography, too, is a exchange at 15/- to the bu medium that is being used more
mains unaltered.
Not a True Value.
·
If exchange rate had been 20/- the
ing an extra
Sterling has fallen to its lowest are exceptional. In the first place piece for the raw material used marketable quantity at no great The Tragedy of Habiba Hasan value since 1920, but circumstances cost would have been 9/44d, msk. and more in advertising, and with DANCE OF DEATH ON FATHER'S
cost of 3/11⁄2d. per which will undoubtedly become a very striking results. Television,
GRAVE.
at this time of the year
Great
Britain has to pay for an unusual This 80 lb. of raw cotton is spudistance of time, is also a factor woven, dyed and delivered to port which, probably in combination with
remitted owing to the
importa.
the
of
Charaf.
Overcome with grief at the death
a
to his
Hasari Arab girl, pilgrimage at glave in the Alexandria, She "
ly large share of her particularly for raw materials, and for shipment, and each process is therefore sterling has to be sold. mainly labour and paid for at 20/- radio, will influence the advertising
of the future. to value. The free port selling, Again, sterling must be sold in
The Commercial Side.
of her father, Habiba order to pay for the goods which price is 70/- per plece, but the
Speaking of the commercial side Charaf, have been dumped owing to
purchaser abroad can buy his for
young of advertising, fear of tariffs. On the other hand 15 and therefore actually pays The demands of our economic and sunset
Mr.
a daily Bates said, made 52/6d. per piece, a difference considerable sums of sterling are 17/6d. From this deduct the extra
in industrial structure become every cemetery due from abroad which cannot be cost of raw material of 8/12, and day more exacting. The manufac- would lie upon his grave, praying
fact that
the saying to the buyer abroad is margins that grow smaller and
turer is operating on competitive and weeping. some Governments will not permit 14/42d. per piece, or 2d. per yard, smaller, and questions of economy the cemetery was astonished to see One evening the lodge-keeper of the purchase of foreign currency which is equivalent to 20 per cent. in distribution and the elimination! what appeared to be a human torch and the customer abroad, although foreign country which still adheres of waste willing to pay, cannot purchase the to the gold standard, even though vital importance
are of rushing madly around at the far necessary sterling. All this means the actual raw
In selling costs a fall in the value of the £
material must be
to him. Conse end of the graveyard.
He found that it was Habiba, To-day's value of sterling is not purchased at a premium owing to quently he will be increasingly de-
pendent on the exchange position,
advertising to create who, unable to bear her grief any new, and expand existing, markets longer, had set fire to her clothes Britain's Foreign Purchases. material, purchases from abroad
Great Britain, besides
for the commodities he manufac-and was dancing in a frenzy on her raw tures."
father's grave. certain manufactured articles, but, tremendous development of the ad-
As воше Indication of
Before help could reach her, owing to exchange alone, all such vertising expenditure in newspapera
Habiba fell dead. Gold or Trade. Nations will soon have to decide still on the gold standard are in- from £50,000,000 to £150,000,000 articles purchase from a country in Great Britain alone has increased as to whether they prefer gold or creased by 33/1/8 per cent., and VENEZUELA trade. If a nation prefers gold it also by whatever tariff is imposed!
annually.
Capital, Surplus and
Undivided Profite..U.S.$226,037,392
Branches la:-
ARGENTINE
BELGIUM
BRAZIL
CHILE
Manager.
CHINA COLOMBIA
CUBA
DOMINICAN REPUBLIC INDIA AMERICAN EXPRESS COMPANY. ITALY JAPAN INC.
Reserves
*Antwerp
Athos
Head Office: 65, Broadway, New York
Capital
Surplus
.U.S.$8,000,000 .U.S.$1,572,454 .U.S.$1,908,200
BANK.
BRANCHES:-
Paid-Up Capital
.$24,710,200.00
Amsterdam
(lence
Reserve Funds
.. 9,820,509.82
HEAD OFFICE: SHANGHAL
Bosto Berila Barrils Bombay
HONG KONG BRANCH:
Aruls
Glasgow Flavana Hamburg Mar Interlakon Jerusalom Lido Loadoa
Nico Naples Piracas Parts
Poking Paraju Botterdam Посте
Duo Aires
Liverpool
Stabou!
Itceras
Lugo
Ehnnghal Bouthamptoo Singapore St. Mart
Tientsi
Viasta
Vucice
Yokotas Zurich
4. Queen's Road Central
the
Owing to our numerous branches in China and largo connections in important commercial centres of the world, we are able to extend to our ellents apecial facilities for domestic and foreign banking and exchanges.
We also handle the issue of Bonds and other Public Funds of the Chin- ese Government both at home and abroad.
SHOU. CHEN,
Manager.
Hong Kong, 5th March, 1981.
THE YOKOHAMA SPECIÉ BANK, LIMITED.
Established 1880.
Capital (fully, paid-up) Yen 100,000,000 Reserve Fund
Yan 116,200,000
#ead Office: YOKOHAMA. Bratcher and Agencies "at:
Alexandria
Batavia
Berlin
Bombay
Nágákki Nagoya Nowabung
York
Canton
Changthun Dairen (Dalny),
Kangtian (Mukden)
Pelping Bangoon Rio de Janeiro San Francisco Beatle
Harbin
Howw Kong: Honol
London
Mankger
11th #sptember, 1931.
Cairo Clouti Cann
Luxor Calenda Marcillos Constantinopla Monte Calo Copenhagen Palaburg Floration Сопота
Manlis
Munlob
Montred
Milan
Branches of American Express Com- any in Principal cities of United States of America and Canada.
LONDON MEXICO PANAMA PERU PHILIPPINE ISLANDS PORTO RICO STRAITS
SETTLEMENTS URUGUAY
a true value, and the boarding of gold by America and France has a let to do with present conditions, but this may yet prove to be a two- edged sword.
more
the
TO AN OMELETTE.
A Monument on Breton Coast.
For the first time in history, it is
Woosung Iron Works Closes.
claimed, a monument is to be erect ed to an omelette.
poration in San Francisco and Spain currency of their country being ex- however, many of them can be pustated, to business depression. The received, and the memorial is to be
And also of The National City Bank changed for sterling, which of New York (France), S.A., in Paris only mean that, sooner or and Nice.
Manager.
F. McD. COURTNEY.
Hong Kong, June 16, 1931.
Commercial and Travellers' Letters fall there may be in sterling by articles are luxuries which can be LOCAL LABOUR CONDITIONS. will be necessary to counteract any by the Government. Some of these of Credits, Travellers' Cheques, Bill of Exchange and Cable Transfers putting on extra tariffs--otherwise done without, some are not luxuries bought and sold. Current accounts they will lose their internal trade but can still be done without, some and Savings Bank accounts opened and further add to unemployment. are necessary. and Fixed Deposits in local and for But an extra tariff will add to the change conditions, can
but, owing to ex- aign currencies taken at rates that
now be may be ascertained on application to cost of living, and will also con- manufactured the Bank.
cheaply stitute an even greater handicap to nome,
at
It will be at the Mont St. Michel, We are also able to offer our Cas-their
and some are necessities! It is reported that the China Iron on the Breton coast, where the late tomers the services of the Branches other method is to prohibit the cost.
export trade. The only which must be purchased at any
Works, situated in Woosung, Mme. Poulard's famed omelette is of the International Banking Cor.
Even in this latter case, Shanghai, has found it necessary to to be immortalised in granite or suspend operations, owing, it is marble. Contributions are being can chased from countries where ex- later, change is more favourable.
factory employs 600 men. The re- dedicated, within a yERT. both the import and export trade
Gold in a cellar is of no more port concludes that the management between the
Many admirers say that the best two countries must use than goid still in the ground, paid each employee half a month's monument to Mme. Poulard is the come to an end.
and the nations of the world will wage. Great Britain is an importer of have to realise that international
omelette with which her name has There is no change in the Wing been linked since 1878. The secret raw materials and foodstuffs, but trade is of far more importance On Cotton Mills at Woosung, guards of its fragrance is being discussed THE BANK OF TAIWAN, LTD. goods, and such raw materials as
exporter of manufactured than gold.
being on duty on the premises and by gourmeta, many claiming that (TAIWAN GINKO.)
The backing behind sterling is 11,000 employees being without the recipe was fresh eggs, fresh coal, etc.
Her raw materials and better than the backing behind any work. It will be recalled that two fat, plus fresh milk. foodstuffs which are purchased other currency, and
the employees ago even better weeks from countries who are still on the than gold, and we are prepared to $30,000 worth of damage to the on her tomb is the inscription: gold standard must cost more owing pin our faith to the
premises during a riot,
"Here repose Victor and Annette The lock-out of a number of Foulard, faithful spouses' and good female employees continues at the tavern keopora. Nikka. (Pootung) Cotton MIL
"May the Lord welcome them as BRITISH OVERSEAS BANK. Just before Christmas, a now they received their guests." FORMOSA Gitas, Kedi, Karenko, Kalung
• Malo Neato, Shinobiku, Taisha, Tainan,
cigarette workers" organisation at- Takso. Tammi, Ton, Helto, Taito.
and Lyle more than Hatkow, Amor. Foodbow, doubled their profits in the past which the Union Bank of Scotland, dials from their premises, but were The British Overseas Bank, in tempted to oust the old union off- CHINA-BA,
Bwatow, Canton. OTHERS: Hong Kong,
year, the task of the president, Sir Williams Deacon's Bank, and the Blagapore, Bodenbaya, Bimarang, Batavia, Bombay, Londos. New Ernest Tate, in his address to the Prudential
unsuccessful. The Chinees police Assurance Company calzed 35 persons. Union officials ahareholders was a pleasant one. have a controlling interest, and have requested the authorities to
HEAD OFFICE:-Talpeb, Formosa. Incorporated by Special Imperial Charter, 1899.
Central Bank in Formosa Bank-Notes imund Aromage amount...Yen. 45,000,000 BRANCHES AND AGENCIES:
All classes of Commercial Banking JAPAN-Toyko, Yokotazza, Kobe, Oaks, Transactions undertaken.
Personal handled
investment accounts
The Company offers to intending Travellers the use of its "Travellers Cheques and Letters of Crédit and, in addition, the world-wide services Department. of its thoroughly equipped Travel
E. W. DUGGAN,
Manager.
York, Dilren,
·
LONDON BANKERS:
Barclays Bank, Ltd. Lloyds Bank, Lid..
Midland Bank, Ltd., Warissinalar Bank, Ltd.
The Beat has Correspondants in the principal Gameralal Centres throughout the world, K. NAGURA
Manager.
HONG LONG BRANCH:
3. Des Youx Road Gestal Hong Kong. December 4, 1981,
is an
TATE AND LYLE PROSPERITY,
As Tate
cla.
Mme. Poulard died last May, and
ین
THE REPLY UNEXPECTED,
Making hie forty-first дом pearance at the Manchester
In contrast with the experience of which itself controls the Anglo- punish these severely, North City Police Court, Jamas Stir- the previous year, when the fall in Polish Bank, increased its profits in China Daily News. part of the refining values wiped £26,684 to £168,130. raw sugar values wiped out a large the past year to October 81 by
part of the refining profits the The A shates receive their year just ended Was
free usual 6p.c. dividend, but, an al- from abnormal circumstances, and ready announced, the distribution the Increased profit was obtained on on the "B" shares owned by the practically the same output as in controlling institutions, is reduced, the preceding twelve months.
FOREIGNER CUT OUT.
Order For Razor
Blader: *
ling, aged 50, of no settled address, was sent to prison for two months for loitering with intent to commit a felony,
Detective Inspector Wills #sid that he saw the prisoner do be hind three men in turn, and while asking them "What do you think about Manchester City?" put his
from pic. to 2 p.e. By adopting It is understood that an order for hand over their éboulders, and Into At the beginning of the year the this conservative dividend polloy 10,000,000 safety razor blades which their costs. The men pushed him raw sugar market was alubat at its the directors are able to transfer the Sheffield firm of Messrs. George away, and the prisoner then tried to
THE BANK OF EAST ASIA, LTD. lowest, and since then the tendency $100,000 to contingencies account, H Lawrengs have secured from do the same thing to the ofcer, say-
Established 1918.
HHAD OFFICE: 10, Des Voeux Road, Central. TONG KONG.
Capital and Surpind
over H. 8,000,000.00 rever EL-$30,000,000,00 Every description of Bańkitig and Exchange business' tranzacted.
Current and Fixed. DepoiN Aècóiunta tú focal and for eign currencies, opened for "¿Menu
* Bwrings Account and Hire Débolit Eazut. O
Branches and Agencies" af örer, the worlds Ma
KAN. TONG PO,
Chief Manager,
bas, been gradually upward. A sud to which he allocation was made a London is the forerunner of further ing: "What do you think about den spurt from 5s 6d to 7% per dwt, yehr agó. At 280,707 the carry for orders.
1t7
occurred when we went off gold, but way is £18,869 Tass than the In the past the order has gone. "I said, "I think it's about time this has not been wholly maintain amount brought in. The balance to foreign competitors, but Mr you were going with us," said In- ed. Tate and, Lyle buy half their sheet reveald í drop in deposits Lawrence, in an interview said that spector Wi requirements from Countries with from £4,549,186 to 28,046,079. On the Government's attitude had en-
dollar qurrengian, who are bearing, the other alde decreases are shown abled him to give a satisfactory could not ple in the form of lower, gold prices, in cash, bills discounted, and ad- quotation to secure it. The order the offour s part of the effect of the depreciation vinces to customers.
of sterling. The general statistical
position, however, is improving, cont European stocks show a big de tendency for the
will take three months to complete,"
ho said. "At the end of that thườ
If the Government continues their all present attitude. It is likely that we
the past gone abroad. The blades recurring, order that has always in
are for home user12
crese, and Quba's reserve stocks over the world." Regarding the best shall get the order again. It is are disappearing cubes (Bogar Industry, he
These facts are heartening, and the view that additional Govern [cm the whole is op ment ald should not be given unles timistic. It may take some time the request came from the British but I am convinced that there is a sugar industry as a whole,
Mr. Lawrence proposes to double his staff to deal with the order.
that he
and derled