THURSDAY, JANUARY 21, 1932.
BANKS
HONG KONG AND SHANGHAI. BANKING CORPORATION.
Authorionů Capital .......
**--- 50,900,000 Issued and Fully Taldap 20,000,000 Taserve Funde :--
Sterling Bilor
£1,500, EINN $10,000,000
Beserve Liability of Proprietors 30,000,00 HEAD OFFICE, HONG KONG.
BOARD OF DIRECTORS—
Fot. Mr. U. O. 8. Mackie. Chairman.
I. Mr. J. J. Palemon. Deputy Chairman.
W, H. Bali, Esq.
A. II. Compoo, Eau.
G. Vuko, Zoq.
I
E. Poarre, Esq.
AMOY
BANGKOK BATAVIA BOMBAY
CALOUTTA
JANTON
CHEPOO
DAIREN POOCHOW
A. Plumer, Esq.
T. II. R. Shaw, Eng.
J. P. Warren, Esq.
Chiel Manager.
V. M. Orybarn, Esq.
LONDON
PENANO
HANGOON
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON.
Paid-up Capital
£3,000,000
Reserve Fund
£4,000,000
Reserve Liability of Pro-
prietors
£8,000,000
Agencies and Branches:
ALOK STAR
AMRITHAL
KUCHING
MADBAS
MANILA
MEDAN
BANGKOK DATAVIA BOMBAY
CALCUTTA CANTOS CAWNFORE CEBU COLONDO
DAIKEN
DELHI HAIPHONG HAMBUNG
1POF
NEW YORK
PEPINO (Peking)
PENANO
BANDDON
SAIGON
SEMARANG SEREMBAN SHANGHAI SINOPORB SITIAWAN SOURABAYA
THE
CHINA MAIL.
THE HO HONG BANK, LTD.
(Established 1917.)
HEAD OFFICE:--SINGAPORE. Hong Kong Branch: 13, Queen's Rd. C.
Authorized Capitali Straits #20,000,000 Issued Capital Paid-up Capital Reserve
Liabilities
of Shareholders.
Surplus
#
8,000,000
4,000,000
4,000,000
馆
Commerce and BUSINESS DIRECTORY
Finance
2,687,000 INDIA RUBBER, GUTTA PERCHA,
Branches. Agencies and Correspon denta 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 Reservos (31.12.1930) Fr. 110,588,454
HANKOW
LYONE
HARBIN
SCALACOA
HONG KONG
TAIPING
ILOILO
MANILA
TIENTSIN
TOKYO
MUAB (Johori
KARACUL
TONOKAN (Bhuket)
NUXDEN
KLANO
THINGTAG
KODE
NEW YORK
YOKOHAMA
KUALA KANGSAR
ZAMBOANGA
COLOMBO
PEITING
KUALA LUMPUR
Foreign Exchange
and
General
Hue
Nam Định
Prom-Penb
Quinhen
TouraDe
Vinh
BRANCHES:
Indo-China. China, Saigon
Canton Battambang
Bangkok Bantho Fort-Bayard Haiphong Hankeou Djibouti, Hanoi
Hongkong
Noumea Thanh Hoa
Mongizo Peping Papeete Shanghai
Pondicheri Tientsin Yumnantou Singapore
HAIPHONG
HAMBURG
ELANXOW
BANDIN
HONGKEW
IX.0110
ГРОП
JOUDRE
KOBE
KOWLOON
KUALA LUMPUR
KAN FRANCISCO
NATION
SHANGRAT
SINGAPORE
NOURABYA
SUNGES PATANI TIENTSIN
TOKYO
TRINGTAO
TOKIAMA
Current Accounts opened in Local Currency and Fixed Deposita esived for on your de shorter perioda la Local Currency and Htering on terms which we be quoted on application. Beng Kong. December 7, 121,
HONG KONG SAVINGS BANK.
The Baslarm of the above Bank is cond:tried
by the HONG KONG AND SHANGHAI RANK- TNG CORPORATION. Roles may be obtained on application.
FOR THE HONGKONG AND SHANGHA! BANKING CORPORATION,
V. M. GRAYBURN,
Bong Koo 14th July, 1000.
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 80DIETY:
BANKERS.
Calabil,bed 1824.
Hong Kong Office:-), Queen's Bond Central.
Authorised Capital Paid-up Capital
Chief Manager.
Breori Fuad
THE BANK OF CANTON, LTD.
Established 1912.
Head Office-Hong Kong,
Authorised Capital (B.E, Currendy)
Paid-up Capital
Besarta Fuad .......
TRANCHES :--
$11,000,0 --- #,081,300 1.100.000
Canton Shanghai, lankaw, Swalow. Bangkok, New York and Ben Francisers,
LONDON DANKERS :---
The Lloyd's Bank, Limited. CORRESPONDENTS
In a principal cities of the World.
Foreign Exchange and banking busion of
very danovipilioa trameted.
Sale Deposit Boxoe (Various sisen) at a juuriy twital of for $5 to $40.
LOOK POONG SHAN,
Chief Manager.
THE BANK OF CHINA.
•
行銀國中
Reorganised October 20, 1928, under
special charter of The National Gov- ernment a 27
INTERNATIONAL EXCHANGE
Reserve Funds
Guldara 160,000,000.
Quilders 80,000,000 Guldar 10,215,000.
Head Off-AMSTERDAM", Eastern Blend On:-DATAVIA. Banaba Bandjerman Bandoeng, Bombay,
Calcutta Cheribon, Djambar
Djak- jakarta", The Lingua, Jiddah, Kobe, Makau, Medan, Palambengi Foka longan, Pahang, Bangoon, Rotterdam Semarang, bhanghai, Hingapore, Booth bala, Boerakarta (Holo), Tagil, Tiilatjap
•nd Weitarriden.
Thess effoes here Balo Tapoel Boran to Let.
LONDON BANKERS:—
NATIONAL PROVINCIAL BANK LTD. Cerrespondents or the world. Beading Buil
I mean of every descriptian transected.
4. STOREINK,
Hong Kong, int December, 11.
THE
Manager.
AND TELEGRAPH WORKS
IMPROVED TRADING RESULTS.
Reorganisation Progress.
The sixty-eighth ordinary general price than any other tyre on the meeting of the India Rubber, Gutta market. Our sales of these tyres Percha, Telegraph Works Co. Ltd. | show a substantial increase over the was held at Southern House, E.C.' preceding year. In the now range Sir John Ferguson, K.B.E., M.P. of motor-cycle and cycle tyres which (the chairman), in the course of we have just introduced, we are his speech, said: While the result of satisfied that we have products the year's trading shows a marked which have never been surpassed in Other Places improvement on that of the previous appearance and serviceability. We year, your directors very much re-jare confident of securing a marked gret that the loss for the period increase in their sales. under review amounts to £51,599, ne Our improved "Silver King" and compared with 96,977 in the pre- "Lynx" golf balls are becoming in- vious year. The improvement over creasingly popular, and the new last year's results has been secured "Long Range Plus Silver King" for in the face of conditions of extreme the low-handicap golfer has been difficulty, and there is no doubt very well received.
In times such as these manufac- whatever that the wide-reaching economies and reorganisation which turers may be tempted to sacrifice! have been put into effect have very quality in order to make up for the Every description of Banking and materially contributed to keeping lower selling prices obtainable. We Exchange Business transacted
Interest allowed on Carrent Accounts the loss down to the figures mention-hold that such action is fundamen- and Fixed Deposits according toured The company has by no means tally wrong, and both in the short rangements.
reaped the full benefit during the and long run is highly detrimental period under review of many of to the manufacturer. In all these economies.
branches of our business we are con-
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.
Capital, Surplus and
In spite of the fact that Silver-stantly striving to put the best of town's turnover in money decreased our experience and knowledge into by about 10 per cent. compared with the improvement of the quality of convinced the previous thirteen months of our products. We are 1929-30, I am pleased to say that this policy is always well re- shows warded, quality being remembered; that the trading result
substantial improve-lang after price is forgotten.
has
The reorganisation of all sections ment. This
been
made possible by the extensive re- of the company's business has con- duction in overhead expenditure tinued throughout the period under which has been effected by the re-review, and is, in fact, stil con- organisation and consequent econ- tinuing.
very
omies. In total the reduction in As to the future, this largely Silvertown overhead expenditure depends upon the development of
ATTRACTIVE TAILORING
The Latest in Gentlemen' Outättleg
AT PRICES TO SUIT ANY PURSE. PERFECT FIT
AND RELIABLE SUITINGS.
WING HING CO.
Gentlemen's Outfitters
84, Queen's Rd. C. Tel. 21417.
Very Nice Woollen Materials
For Making Ladies'
DRESSES
&
OVERCOATS
Also FURS & SILK HOSIERY Expert Tailoring Department. LEE MOW! Chinese Silk Hosiery Store No. 1, D'Aguilar Street
DENTISTS.
HARRY FONG, Dentist,
1st floor, No. 74, Queen's Road
Central. Tel. 21255.
TANG YUK, Dentist. Successors to
the late SIEN TING,
· 14, D'Aguilar Street.
TERMS VERY MODERATE Consultation Free.
ENGINEERS & SHIPBUILDERS.
W. 9. BAILEY & CO., LTD.,
Kowloon Bay
Undivided Profits ..U.S.$226,037,592 amounted during the period to about industrial and commercial condi- New Work & Repairs. Call Flag "L"
Branches In:-
ARGENTINE
BELGIUM BRAZIL BRAZI CHILE CHINA COLOMBIA
CUBA
CUBA
DOMINICAN REPUBLIC INDIA
AMERICAN EXPRESS COMPANY. ITALY
INC.
Head Office: 65, Broadway. New York..
Capital
Surplus
Reserves
.U.S.$6,000,000 ..U.S.$1,572,454 .U.S.$1,908,209
BANK.
BRANCHES:-
Subscribed Capital
Fald-Up Capital
$25,000,000.00 .$24,710,200.00
$ 3,820,503.82
Amsterda Antwerp Athens Heal Kerin
Gelce Glasgo
Kico
Repla
Mineria
Hambay
Drated
Brussels
In Air Cairo
ayan Hainburg Haves Interlaken Jerusalom Lida London Liverpool Luceras Lugane Luxot
Pirmou
Paria
Pound
Paking
Palermo Rotterdam Home Btamboul
Abanchal Bentham tom
HEAD OFFICE: SHANGDAI.
HONG KONG BRANCH:
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 clients special facilities for domestle and foreign banking and exchanges.
We also handle the issue of Bonds
Calmude
Catore
Calorato
Manalilee
Coolantinople Monte Carlo
Copambages Manila
Kingapore
Bi. Moritz Tiesulo
Edinburgh Aladeb
Forenom Geneve
Monirius
Béla
Vienna
Varice
Yokohama Zurich
Branches of American Express Come
and other Public Funds of the Chin-pany in Principal cities of United
ese Government both at home and States of America and Canada. abroad.
SHOU J. CHEN,
Manager.
Hong Kong, 5th March, 1931.
Transactions undertaken
JAPAN
LONDON
MEXICO PANAMA PERU PHILIPPINE
ISLANDS
STRAITS
PORTO RICO
SETTLEMENTS | URUGUAY VENEZUELA
Commercial and Travellers' Letters of Credits, Travellers' Cheques, Bills of Exchange and Cabis Transfers bought and sold. Current accounts and Savings Bank accounts opened and Fixed Deposits in local and fer- eign currencies taken at rates that may be ascertained on application to the Bank.
We are also able to offer our Cus- tomers the services of the Branches
Sole Agents for Kelvin Motors.
$91,000. With regard to wages, Itions. I would emphasise that de- would like to repeat the statement finite trade revival necessitates im- made last year, that it is not the provement in world conditions and stimulation of international
FOR SALE. board's polley to reduce these. Our the experience during the period under trade. There are very few signs of
at present. I can, however,Į COLLECTION OF POSTAGE review has fully justified this policy. this
say with the utmost confidence thut
STAMPS. Popularity of Palmer Products.
As a consequence of reorganisation Mounted in Books containing Both We are satisfied that in our the company is now in a better posi-
Mixt and Used Stamps. Palmer motor tyre we now have a tion than it has been for many 1,000 Stamps, All Different for $ product which fully meets the re- years past to take full advantage of 1,500 quirements of the public, and which every opportunity that the business 2,000 gives better service in relation to revival may offer.
TIN AND RUBBER.
FORES
HAIR DRESSERS.
LEE YEE
Ladles and Gentlemen's Hair Dressers & Booksellers. No. 12, D'Aguilar Street. (opposite Queen's Theatre).
OPTICIANS.
THE HONG KONG OPTICAL COMPANY, 'Phone 22232
53, Queen's Road Central
SHOES.
Pair
Black or Browa Bhoes from $6.00, Black or Brows Boota from $8.90. Children's Boots or Shoes from $2.00.
Best styles, most complete stock of all sizes. Repairing a speciality. WONG SIU WOON
21, Pottinger St.
Phone 21474.
SPORTING GOODS.
ATHLETIC GOODS
AT
THE LIANG YOU CO.
70, Queen's Road Central
TYPEWRITER DEALERS
HOP SING & CO.
28, Pottinger St.
Tel. 21429
CANTON116, Sun Kee Sai Ba
R
do.
181
do.
80
3,000
do.
50
those of reparations, German com-10,000 mercial credita, tariff competition and exchange restrictions.
4,000 5,000
do.
76
da.
100
do.
500
FULL SATISFACTION GUARANTEED.
The results of the Reparations
Reparations and Tariffs.
London, January 12. The Seremban Tin and Rubber Co. reports a loss for the year endedĮ June 30 of £1,044, reducing the Conference to be held early next credit brought in to £1,380.
year, as the review points out, can-
GRACA & CO., Dealers in Philatelie Goods, Pictorial Fostçards, Garden Beeda, Toys, &c. No. 10, WYNDHAM STREET.
HONG KONG.
of the International Banking Cor- poration in San Francisco and Spain: The Rambutan Tin Co. reports a not fall to exercise a profound in- and also of The National City Bank loss during the same period of fluence on future events. "It may of New York (France), S.A., in Paris £1,869, in addition to £1,200 depre-be taken that all the Governments and Nice.
ciation on the pipe line, reducing concerned will do their utmost to P.O. Box No. 826. the amount in hand to £5,862---| avoid any step which might preci Straits Times.
F. MED. COURTNEY,
Hong Kong, June 18, 1881.
Manager.
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)
HEAD OFFICE:-Taipeh, Formess.
Incorporated by Special Imperial Charter, 1899.
Central Bank in Parsons,
BRANCHES AND AGENCIES:
FORMOSA Olma,
Baak-Notes faced Average amount an. 15,000,000
PROBLEMS OF 1932.
27
pitate a collapse of Germany and Europe." It is also suggested that practical agreement on war debts and reparations may be reached by way of temporary measures to The current issue of the Westovercome the present crisis, a final minster Bank Review containa
settlement being postponed untli careful survey of the momentous the return of more normal condi- financial events of 1981 which in-tions.
evitably resolves itself into an ex-) The qucation of an international ploration of the prospects for 1982 understanding on tariffs is almost Will next year be a period of still equally urgent if trade is to regain graver crisis or will it mark a re-its normal volume. By adopting All classes of Commercial Banking JAPAN-Toyko, Yokohama, Kobe, Osaka, turn to sanity in the handling of tariffs in earnest as a weapon Great}
Boelens. Engi, Karako, Mekong. Nanto, Shialiks, Talehu, Talan, World problems? Both these pos-Britain has at least taken an im- Taka, Tarul, Town, Hello, Talla OHINA :--Bbangbel,
Buckow
Fechow,sibilities may, of course, be realis-portant step towards the bargaining Bwalow, Canton, OTHERS-Hong Kong. Sapporo, Sourabaya,
stage. The problem of exchango Komarang, Balasia, Bombay, London, New One thing la clear, Whatever restrictions is less of a separate Tork, Dalria.
steps Great Britain herself may problem than the others, and its take towards a return to normality, solution would be a corollary of a the restoration of prosperity bare settlement of the reparations, wai
Personal investment accounts
THE YOKOHAMA SPECIE BANK, handled.
LIMITED.
Eatablished 1880.
The Company offers to intending Travellers the use of its "Travellers Chequer" and Letters of Credit and, in addition, the world-wide services Capital (fully paid-up) Yen 100,000,000 of its thoroughly equipped Travel Reserve Fund
Yen 116,200,000 Department.
Head Office:-YOKOHAMA.
Branches and Agencies at: Alexandria
Batavia
Berlin
Bombay Calcutta Canton Changchun
(Dalny)
Nagasaki
Narcya
Newchwang
Now York
Osaka Pazia
Pelping
Rangoen
Partien (Mukden) Rio de Janeiro,
Hamburg Hankow Harbin
Hong Kon
Karachi Kobe
London
Los Angeles Mank
Ban Francisco Seattle
Semarang
- Shanghai
Shimonoseki
Singapore Soerabaya Sydney Tientaln
E. W. DUGGAN,
Manager.
ALEXANDER INSTITUT DE BEAUTE
Phone 25169. Pedder Building
(1st Floor)
Opposite Entrance to
Hong Kong Hotal,
Lairteous DiPermanent Hair Wayn
which are Largs, Soft and Natural -Artistio Filrer and Marcal Waves, Of
Tren fällant”- Blkisponing: - Hikers Pack
Interest allowed on Current A (any colour),
· Deposita: received for.
st rates to be obtained
ation:
Experts
Mr. Alexander,
HE CHARGES MODERATE..
VISIT WILL CONVINCE Tou
LONDON BANK286:
Barclays Bank, Ltd., Lloyds Bank, Ltd., Midland Bank. Ltd., Westminster Bank, Lid.
ed.
The Beak as Corspoedenis in all the principalis largely dependent on world re-debts, commercial debts and tariff
Commercial Castres throughout the wweld."
I. NAGURA.
HONG KONG BRANDE -
8, Dee Tax Bond Central. Hong Kong Decamber M, 1965.
POP
Machger.
covery, which in turn is as much questions. Likewise the questions| a political as an economic problem. of Great Britain's return to gold The most important of the world must await the solution of urgent! problems awaiting solution are world problems,
Choose Your Exit.
IF YOU WERE -
CONDEMNED TO
DIE,
POP
WHAT DEATH
WOULD AYOU CHOOSE
Job Printing
PLASONABL
PRICES
TECH NEWSPAPER ENTERPRISE LTO.
GRINA MAIL REDE.
KA MYMAMIK ST.-
THE BANK OF EAST ASIA, LTD.
Established 1918.
HEAD OFFICE:
10, Des Voeux Rond, Central. ·
HONG KONG
Capital and Surplus Total Resources .............
over H.$ 8,000,000,00 over $30,000,000.00
Every description of Banking and Exchange business transacted.
Current and Fixed Deposit Accounts in local and for- aign currencias opened for clients.
Savings Account and Safe Deposit Boxes. Branches and Agencies all over the world.
KAN TONG PO,
Chief Manager.
By J MILLAR WATT.
OLD