BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Aetherfied Caplist ........ $30,000,200 Ieued' and Fully Paid-up
20,000.com Barve Funds (mu
Sterilag
BJJvme
£11.500.000 $19.000.000
Reserve Llability of Proprietors... $24,000,000 HEAD OFFICE: HONG KONG,
BOARD OF DIRECTORS: -
Hon. Air, C. O, H. Mackle. Chairman.
Roo. Mr. J. J. Putemos. Deguty Chinese,
W. H. Bali, Esq.
A. II. Compton. Fay.
. Miskin, Poq.
T. E. Pearce, Ems.
ASCOT
BANGKOK BATAVIA ПОМНАТ
CALCUTTA
CANTON
CHEFOO
COLOMBO
DAIREN FOOCHOW
HAIPHON
HAMOURI
BANKOW
HARDIN
HORDKEW
110110
IFUR
JOHORE
KOBE
KOWLOOK
J. 4. Plummer, Faq.
T... Shaw, Faq
J. P. Warren, Esq.
Chief Manager.
* Crapburn, K«q.
BRANCHES:—
KUALA LUMPUR
LÙA ĐÔN
LIUNG
MALACCA
MANILA
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,
THE
CHINA
MAIL.
THE HO HONG BANK, LTD.
(Estabaked 1917.)
HEAD OFFICE-SINGAPORE. Hong Kong Branch: 13, Queen's Rd. C.)
Authorised Capital Straits $20,000,000 Isaned Capital Paid-up Capit
Incorporated by Royal Charter, 1863. Reservo
HEAD OFFICE: LONDON.
Pald-up Capital
Reserve Fund
.£3,000,000 .£4,000.000
Reserve Liability of Pro-
prietors
£8,000,000
Agencies and Branches:
ALOR STAR
AMBITHAR
KUCIRNO
MADRAS
MANILA
BANGKOK BATAVIA BOMBAY
CALCUTTA CANTON CAWNPORE CEAD COLOLIBO DAIDES
DELHI
HAIPHONG HAMBURG HANKOW HARBIN HONG KONG
HOILO
J
SEAT (Johor)
KARACHI
KLANG
HODK
MUKDEN
NEW YORK
PEIPINO
PENANG
-HANGDON
NATOON
SAN FRANCISCO
SHANGHAI
SINGAPORE
SOURABYA
SONIEL PATANI
TIESTAIN
TOKYO
TSINGTAO
YORDHAMA
Current Acconti epenst in Toral Currency and Fund Depoulte repetrąd for our year or whcete periods in Loen Errency and Healing on terms which will be quoted to applikation. Hos Fong, December 1, 19.
HONG KONG SAVINGS BANK.
The Buiten of the store tank in conducted
by the HONG KONU AND SHANGHAI BANK- INO CORTONATION. Rubs may be phtalised an application.
FOR THE HENGRONG AND SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chiri Maneget.
Hong Kong, làth July, 1900,
THE BANK OF CANTON, LTD.
Batablished 1912.
Head Office:-Hong Kong. Authorised Capital (11.8. Corency} ...$11,000,0X Pald-Up Capital......
• Este Fuad
BRANCHES :-
R,005,900
Casion, Shanghai. Hankow, wakati mt. Bangkok, Sew York and San Franci
LONDON BANKERS-
The Lloyd's Bank Limited.
CORRESPONDENTS
In all pelocipal siline of the World.
Foreign Exchange and bushing burim of
sry moription transarted.
Bale Depot Bases furious visos) at gratly
rental from $5 to $40.
LOOK POONG SHAN,
KOALA KABISAN
KUALA LUMPIN
MEDAN
NEW YORK
PEPING (Peking
PENASO
HANGIOON SALOON SEMARANG SEREMBAN MILAN GIẢI
KINATORS SITIAWAN SOURABAYA TAIPINO
TIENTSIN
FORYS
TONORAH (Bhoket) TSINGTAD
VOKOHAMA
ZAMBOANDA
Foreign Exchango and General
Banking business transacted.
Current Accounts opened and Fix ed Deposits received for one year or shorter periods at rates which will be quoted on application.
J. STUART,
Manager. Hong Kong, August 17, 1981.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING SOCIETT,
BAVKERS.
Established 1894.
Hong Kong ßcs :—11, Quena's Road Central.
Authorised Capital Paid Up Capital Reserve und .....................
Brad Offer:-AMSTERDAM”. Eastern caddie:-BATAVIA.
Güdere 153,000,000.
. Quifdara 10,050,000. Guilder 10,015.000.
Djok
Branches:-BandJermasin, Dendor" Bombay,
Calcutta, Oberibou Djember, jakarta, Tha agua, diab. Koba, War Medan, Palembang, Fin longan. Penang. Blangnon, Rotterdam®, Semarang, Bhanghai. Bingapore, Soar bala, Boskarta (Belo, Tegni, Tillatjap and Welevreden".
* These officne kara Sala Deposit Borse to Let..
LONDON BANKSIS :--
NATIONAL PROVINCIAL BANK LTD.
Correspondents all over the world. Banking Bank
art of every discription Camacted.
A. STOKRINE,
Hong Kong, ht December, 1981,
THE
Liabilities
of Starsholdera Surplus
8,000,000
4,000,000
4,000,000
2,687,000
Branches. Agencies and Correspon dents in the principal cities of the world.
Every description of Banking and Exchange business transacted.
TAN ENG HOOL
Manager
BANQUE DE L'INDOCHINE.
HEAD OFFICE:
96, Boulevard Haussmann,
PARIS.
Capital fully paid up .Frs. 120,000,000 Reserves (31.12.1930) Fr. 116,588,451
BRANCHES:
Indo-China. China. Saigon
Canton Battambang
Gratho Fort-Bayard
Haiphong Hand! Thanh-Hoa Hue Nam-Dich Prom-Font Quiahon Tourane Vinh
Hankcou Hongkong Mangizo Peping Shanghai Tientsin Yunnanfou Singapore
Bangkok
Djibouti
Nouman
Papeete
Pondicheri
Every description of Banking and Exchange Business transacted.
Interest allowed on Current Accounts and Fixed Deposits according to ar rangements.
Commerce and Finance
WHEAT QUOTAS
Millers Propose An Alternative.
VOLUNTARY LEVY.
With Extra Charge on Imported Flour.
WEDNESDAY, JANUARY 20, 1932.
NEW CHEMICAL
FERTILIZER.
Saturday Meeting of Local Company.
The statutory meeting of the China Agricultural Development: Company Limited was held yester day at 8, Des Voeux Road Central, and was presided over by Mr. L. Dowdall who was supported by Mesars. C., Champkin, W. J. Hansen and F. M. Ellis (Directors).
The chairman, in the course of his address, said:
We have now agencies in Swa- tow, Canton, Amoy and Bangkok.) The most encouraging reports have been received and I am confident that we shall do a very nice busin-
Having had ane experience of the top prices. It must be realised also ness after China New Year. rough side of Mr. J. H. Thomas's that the weight of these by-products
be as follows:-
making our
on
MORRISON
PIANOS
Excellent QUALITY.
Wonderful VALUE. Exceptional DURABILITY,
Made Especially
for
and
GUARANTEED
TEN YEARS.
For Sale or Hire
at
I have just completed a tour of TROPICAL CLIMATE tongue, the millers are not communi- of imported wheat purchased by our cative as to the nature of the pro- farmers considerably exceeds the inspection of part of the district Other Places. posals which they are putting for- entire home-grown wheat crop. A under our Canton agents and was ward as alternatives to the proposed a practical matter also the extra very much impressed with the pros-, wheat quotas. However, the main cost which the quota scheme, if pects of business for the com- heads may confidently be taken to carried, will put on millers is likely ing Spring crop. So much so that to figure rather in higher wheatfeed whether or not we shall get a suffi- our problem now is not so much! All mills grinding imported wheat prices than in higher bread prices, cient volume of sales but whether to be registered.
formers losers Mills so registered will volun-balance from the wheat quotas facture and have ready at the or not we shall be able to manu-! tarily bind themselves to pay into a you have already pointed out. joint fund a levy on every sack of The prospect does not appeal to right time enough stocks to meet flour ground from imported wheat those farmers who are thinking out the demand which will probably
All imported flour to pay a levy the quota for themselves rather
all come at one time. I do not also, but the millera insist that the than taking the Conservative party's is over thore will be no more de- mean that when the Spring erop compulsory levy on the Imported Agricultural Cowmittee's word for! article shall be greater than the levy it. It is notable that in the many mand. I anticipate that there will on the home-produced. At present, European countries which have disbe sales throughout the Summer apparently, the millers' idea is that criminated against foreign wheat and Autumn, but the big demand TSANG FOOK PIANO the imported levy shall be twice as imports this matter of by-products will be for the Spring and Autumn large as the domestic. The entire has awung the farmers to support fund to be devoted to subsidising the millers in demanding, and gain- Although this is the slack season the production of home-growning, greater discrimination against we are making small sales all the wheat.
imports in the form of flour rather time and have definite assurances The millers assert justly that the than in the form of wheat grain. of orders amounting to some 3,000) administrative work involved in It does not appear to have been to 5,000 bags such a scheme will be negligible pointed out, but there seems to be a New Year is over,
15 soon as China compared to the enormous bureau- precedent for the millers' proposals eracy involved in the quota pro- in the cotton-spinning industry's posala, says a special London Cor- scheme for a levy on every bale of bag we sell, by the results it will, respondent of the Manchester cotton spun, for the benefit of the produce, will sell for us ten bags Guardian. And adds: Moreover, Empire Cotton-growing Associa for the following season. they count on gaining agrarian sup- tion's work. Certainly, a voluntary Capital, Surplus and
port for the suggested discrimina- levy is more attractive than a back- Undivided Profita..U.S.$226,037,392 tion against imported ficur because door tariff.
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.
Branches in:-
LONDON
ARGENTINE
BELGIUM
BRAZIL
CHILE
Manager.
CHINA
COLOMBIA CUBA
DOMINICAN REPUBLIC
Chief Manager. AMERICAN EXPRESS COMPANY.
INC.
THE BANK OF CHINA. 行銀國中
Head Office-65, Broadway, New York.
Keorganised October 26, 1928, under
.special charter of The National Gov-
Capital
ernment as an
Surplus
Reserves
INTERNATIONAL EXCHANGE
U.S.$0,000,000 U.S.$1,572,454 .U.S.$1,908,209
BANK.
BRANCHES:-
Subscribed Capital
Paid-Up Capital
Reserve Funds
.$25,000,000.00 .$24,710,200.00 Antwerp .$ 3,820,502.82
Amsterda
Athosti
Belo
Vod Saples Pipes Parte
Bertan
HEAD OFFICE: SHANGHAL
Bartile
Bombay
HONG KONG BRANCH:
Brussels
Buenos Ai Calm
4, Queen's Road Central.
Owing to our numerous branches in China and large connections in the important commercial centres of the world, we are able to extend to our ellents special facilities for domestic and foreign banking and exchanges.
We also handle the Ine of Bonds
Unaos Glasgow Havan Hambary Have Interlak Jestem Lide London Liverpool Lucern
LABO Murelle Constantinople Monte Carlo
Calcutta Carnne
Colorabo
Copenhagen Edinburg Monst Понета
Manita Munich Moares
Milan
Peng Poking Talerino Bastardan Rama
Soul
Shangha Southampton Singapore St. Morite
Tleutst
Jonna
Vesics
Yokohama Zuriat
Branches of American Express Com-
and other Public Funds of the Chin-pany in Principal cities of United esa Government both at home and States of America and Canada. abroad.
SHOU J. CHEN.
Manager.
Hong Kong, 5th March, 1931.
THE YOKOHAMA SPECIE BANK, LIMITED.
Established 1880.
Capital (fully paid-up) Yen 100,000,000 Reserve Fund ..Yen 110,200,000
Head Office:-YOKOHAMA.
Branches and Agencies at:
Alexandria
Batavia
Berlin
Bombay
Calentta
Canton
Changchun
Dairen (Dalny)
Nagasaki Nagoya Newchwang
New York Oraks Pelping
Parla
Rangoon
Feestien (Mukden) Rio de Janeiro
Hamburg
Hankow
Harbin
Hong Kong
Honolulu
2. Los Angeles
Yuen Karachi Kabe Lender Manlig
**
Seattle
San Francisco Semarang Shanghai
Shimonoseki Singapore Soerabaya Sydney Tientsin Tokyo Taingtau
Interest allowed on Currexi scounts.o
**Deposita received for fxed periods
at rates to be obtained on application."
H. MORL
og Manager. Kong," Lith Heptember): 1981,
MEXICO PANAMA PERU PHILIPPINE ISLANDS
the by-products of home milling!
Use of the Fund. (the so-called wheatfeeds or mill
One would hope that if the mill- offals) are a highly-prized stock-era proposala are acceptable the feed. Theoretically there is no rea- fund would be used for agricultural son why wheatfeeds should not be work rather more economic than imported along with wheat-flour im-subsidising wheat-growing on our porta, but in practice this cannot unsuitable solls and in our unsuit- SETTLEMENTS occur on a large scale because the able climate. Could not example be URUGUAY
by-products are bulky articles rela- taken from the constructive re- VENEZUELA tive to their value, and they lack search already done by the millers,
keeping qualities for long voyages.
ocean and would it not be better for the country to take advantage of the efficiency of the grain trade, instead
PORTO RICO STRAITS
ITALY JAPAN
Commercial and Travellers' Letters of Credits, Travellers' Cheques, Bill of Exchange and Cable Transfers
Offals as Trumps.
bought and sold. Current accounts This matter of by-products is the of disrupting it by quotas? Our and Savings Bank accounts opened strongest card in the millers' hand. agriculture is in more need of re- and Fixed Deposits in local and for- To a certain extent they have earn- search and organisation in produc- eign currencien taken at rates that ed it, because since the rationalisation and marketing particularly in may be ascertained on application the Bank,
tion of the milling industry they animal products than of tariffs,
to
We are also able to offer our Cus-have devoted considerable research straightforward or disguised. tomers the services of the Branches and educative work to developing A fund judiciously applied to
of
Manager.
F. McD. COURTNEY,
Hong Kong, June 16, 1931.
the International Banking Cor the advantages of the products as such activities, aiming at having our poration. in San Francisco and Spain and also of The National City Bank cattle feeda. Nutritively, the best farmers supply the "bread-and- of New York (France), S.A., in Farls part of the wheat berry goes into butter" section of our animal food and Nice.
the offals rather than into the loaf supplies, instead of the relatively (as protagonista of wholemeal bread small specialised fraction would are not slow to point out), so that they fill at present, promises great the millers started this work with advantages both to the country and a good foundation, and have made to its agriculture-which is more real progress in their research, to than THE BANK OF TAIWAN, LTD. the farmer's considerable advantage. Large Black Pig Society, so beloved the quota does. Even the (TAIWAN GINKO.)
Cattle fed 50 per cent. bran-a of your most erudite contributor, thing previously unheard of-have could find a useful place in such been gaining first prizes and making work.
HEAD OFFICE:-Talpeh, Formosa.
Incorporated by Special Imperial Charter, 1899.
Central Bank in Forms Brak-Notes and Average amount,..Yen, £5,000,000 BRANCITES AND AGENCIES:
All classes of Commercial Banking TAPAN-Torka, Yokohama, Kobe, Osaka, Transactions undertaken.
Personal handled.
investment
accounts
The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and, in addition, the world-wide services Department. of its theroughly equipped Travel
E. W. DUGGAN,
Manager.
FORMOSA-Glan, Kagi, Karenko, Keelung. Makong Nania, Biohiku, Taichu. Talpas, Takao, Tamui, Toen, Haito, Tallo. CHINA-Shanghai, Healow, Apoy Foochow
Swatow. Canim. OTHERS:-Kong
Singapore. Surabaya,
Semarang Ba Bombay, London, New
York, Baires.
LONDON BANKERS,
Baruleys Dank, Ltd., Lloyds Dank, Lid., Midland Dank, Ltd, Wentralurter Bank, Ltd. The Bank has Corpwpondents in all the principat; Commercial Centres throughout the world. E. NAGURA.
HONG KONG BRANTU,
3. Vaux Road Central, Houg Kong, December 24, 13.
THE BANK OF EAST ASIA, LTD.
Established 1916.
HEAD OFFICE:
10, Des Voeux Road, Central TONG KONG
Capital and Surplás Total Resources
over H$ 8,000,000.00 over H.$30,000,000.00 Every description of Banking and Exchangé budličká transacted.
Current, and Fixed Dapoli Accounts in local and fore eign currencies opened for ellents, and a
Savinge Account and Bite Deposit Boxes. Branches and Apmetes all over the world.
KAN TONG PO,
Chief Managır."
THE MERCANTILE BANK OF
INDIA, LTD.
HEAD OFFICE:
, Oraconchurch Street, London. P.C.B.
Authorised Capital
Subscribed Capital
Paid-up Capital
£3,000,000
1,800,000 1,050,000 Reserve Fund and. Rest 1,666,845 'BANKERS
The Bank of England à Midland Bank, Ina.
Bangkok
Batavia
BRANCHES 1
Ipob Kandy
?
Houbay
Karachi
Calcutta
Kota Bhar
Colombo
Rusia Kra
Delhi Gala
lous Roar Howrah
Kuala Liple
New York Panan Port Louis
(four) Bang
Shaopha!
Kuala Larspur Birala
Husnia(Faberg) Singapore Marss
Bourabaya
HONG KONG DRANCE.
LONGEST BRIDGE.
T.
London Firms And A Zambesi Scheme.
The Portuguese Government has authorised measures for the financ- ing of the Zambesi Bridge scheme. It involves the construction of the longest bridge in the world and about thirty miles of railway in Portuguese East Africa.
Contracts for this gigantic work were placed with the Cleveland Bridge and Engineering Co., Ltd., Trustee and Executorships ander- of Darlington; last year. The Gov
Every description, of Banking and Exchange bual-
nosa femaskolos.
Travel Choques Issued,
taken.
INTEREST alowed on Currant Accounts and ernment's authority has been ar Fixed Deposits at Halos that may be anatafund tended to two London companies, as on application.
C. L. SANDES,
7, Queen's Hand Central,
Hong Kong, 19th April, 1:01.
Manage..
AN INTRODUCTORY HISTORY by
A. EL CROOK. O.B.E., M.A.
V. KAY MAKANA
W. L HANDYBIDE, MA, B.Sc. PRICE $2.00.
-NOW ON. SALE AT THE
PUBLISHERS,
The Newspapaturprise Ltd.
China Mall, Omon
follows
Central Africa Railway Co.: To issue £1,750,000 in 5 per cent, Debenturen for the construction of the Zambesi Bridge.
Trans-Zambesin Ballway Co. To isntie 82,100,000 in 5, 5%, and 6 per cent, Debentures to link up the company's line with bridge British United Press, The designs were prepared by
Mesars. Livesey, Son, and Hen derson, of Southplace, E.C., andi Mesars Bendell, Palmer, and Trifton, of Broadway, West- minster.
crop seasons.
We confidently hope that every!
AT THE
QUEEN'S
COMPANY.
8, Des Voeux Road, Central, (Entrance Ice House Street)
Telephone 24648.
FROM
SUNDAY
with LIONEL BARRYMORE CLARK GABLE
A FREE SOUL
Metro Goodwyn.
Mayer HOTURE
Starring
NORMA SHEARER
G. FALCONER & CO., (HONG KONG) LTD. WATCHMAKERS & JEWELLERS DIAMOND MERCHANTS. Union Building (opposite G.P.O.) Agents for :—ADMIRALTY CHARTS,
ROSS'S BINOCULARS and TELESCOPES, KELVIN'S NAUTICAL INSTRUMENTS, ENGLISH SILVERWARE, direct from Manufacturers, High Class English - Jewellery,
JAMES DUNN
“COMING SOON TO THE KING'S
LENTLY HILERS
BAD GIRL
GIRL