BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION,
Authorised Capital.
-$50,000,000
Issued and Fully Paldug a 10,000,000 Barra Funda :-
Sterling...
Bil
# 8,500,0ĜO $19,000,000
Basseve Liability of Propristore ... $90,000,000 HEAD OFFICE, HONG KONG.
BOARD OF DIRECTORS
Eoo, Mr. . . S. Mnakti.
thema
Hoa, Mr. J. J. Paterson. Deputy Chairman.
W. H. Bill. Eaq,
A. E. Complo, q
a. Stickle. Eaq.
T. E. Pearce, Fag.
J. &. Plummer, Ziş
T. H. R. Baw, Esq.
J. P. Warren, Esq.
Chini inang.
V. M. Grayburn, Esq.
BRANSTES:-
LONDON
ANOT
MANOKOK BATAVIA
1. FONS
MALACOA
ΠΟΥ ΤΙΑΥ
CALCUTTA
KUAR (Jolors!
MUKDEN
MANILA
PEITING
PENANG
CANTON
OUR FOO
COLOMBO DAIKEN POOCHOW
HAYBURG HANKOW
NEW YORK
HAIPHONG
BARDIN
HONOKEW
KORLA
IPOH
JCHORE
LOVE
KOWLOON
KUALA LUMPUR
BANGOON
SAN FRANCISCO
SAJOON
SHANDHAL
SINGAPORE
MOUKASTA
HUNOBI PATANI TIENTSIN
ТОБТО
THINOTAC
YOKO!TAMA
Current Accounts opened in Local Dartensy and Pland Populta received for one year or abortor perioda in Losal Currency and Berling na termin which will be qɛnted on application. Hong Kong, Desember 7, 1921.
HONG KONG SAVINGS BANK.
The Bualnema of the above Bank is conducted
by the HONG KONG AND SHANOITAI, BANK.
IN CORPORATION. Rules may be obtained
appiloalica.
POR THE PRGROND AND BHANGHAI DANKING CORPORATION.
Y. M. GRAYBURN,
Chiet Manager.
Hong Kong, 18th July, 1980.
THE BANK OF CANTON, LTD.
Established 1912.
Head Onee-Hong Kong. Authorized Capita(H.K. Charvanos)...$1,000,000 Paid Up Cap 9,866,000 BT Pund
1,100,000
BRANCHES
Dion, Bhanghai, Hankow, Bwalow, Dangkok, New York and Bus Praccine,
LONDON BANKERA :—
The Idoyd's Bank, Limited. CORRESPONDENTS
In ati pelentpal eltlas of the World
Porsign Earlingo and backing best of
story description exacted.
Bale Deposit Uomo (valinan alsen) at a gearif
rental af from 35 to $40.
LOOK POONG SHAN,
Chief Manager.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
THE
CHINA
MAIL.
THE HO HONG BANK, LTD.
(Established 1017.)
HEAD OFFICE-SINGAPORE. Hong Kong Branch: 18, Queen's Hd. C..
Incorporated by Royal Charter, 1853. Reserve Liabilities
HEAD OFFICE: LONDON.
Authorized Capital Straits $20,000,000 Issued Capital Paid-up Capital
*
8,000,000 4,000,000
of Shareholders. Burplu
4,090,000
2,687,000
Paid-up Capital
.£3,000,000
Reserve Fund..........24,000,000 Reserve Liability of Pro-
prietorn
-£3,000,000
Agencies and Branches:
ALOR STAB
AMBITSAS
BANGKOK
BATAVIA
BOMBAY
CALOUTTA
CANTON
CA WNPORE
ORBD
COLOMBO
DAIREN DELHI HAIPHONG HAMBURO HANKOW
HARDIN
TONG KONG
ILOILO
IPON
KODE
KUCHING
MADRAS
MANILA
MEDAN
NEW YORK
PEPING (Peking)
PENANG
RANGOON
RAIGON
SITIAWAN
Branches, Agencies and Correspon dents in the principal cities of the world
Every description of Banking and Exchange business transacted.
TAN ENG HOOL
Managar
Commerce and Finance
CHINESE ENGINEERING AND
CO., LTD.
MINING
TUESDAY, JANUARY
REDUCTION IN PROFIT EXPLAINED AT ministration was seriously dis- and are well abreast of the cor-
ANNUAL MEETING.
26, 1932.
result that the Administration's something of the attention which customers in the north had to be it deserves... rationed. No coal was available No Cause for Discouragement, for sale in the open market. Shipments from Chinwangtao en- the current year, it is difficult to As regards the prospects of tirely censed and the Adminis-speak with certainty; but I do tration's overseas market ceased not see any cause for discourage, to exist for the time being, the ment. As you know, there has conséquence being the introduc- been an tion of competitive coal from price of silver and a consequent Improvement in the various quarters. It would serve rise in the rate of exchange. The no purpose to go into further de- sales of coal for the current tails, and it will be sufficient to year down to the present time say that the business of the Ad- stand at 2,861,000 metric tons, organised for the time being. responding period of the preced- This state of things, disastrous ing year, which was one of great both to the railway, and to the activity, when they amounted to The 19th annual ordinary gen- Shanghai. The Kailan loan ac- Administration, continued until 2,317,500 tons. Everything pos- eral meeting of the Chinese En-count, £60,144, is unchanged. the following June, when gineering and Mining Company. The shares and debentures in settlement was made and agree the cost of production; which, in asible is being done to keep down Ltd., was held at Winchester the Chinese Dredger Co., Ltd, ments were entered into dispos China as elsewhere, is always House Old Broad Street, E.C., and other shares, together ing finally of the matters in dis- tending to rise, and for the time Mr. W. F. Turner (the chair- $25,493, are also unchanged.
pute. A statement for the in- being capital expenditure is be man) presiding.
formation of shareholders was ing kept as low as possible. The Adverse Factors Affecting. The Chairman said: Gentle-
Results.
made through the public Press on mines are in men, The report and accounts: We come now to the paragraph May 27. I have dealt with the efficiency; the proved
a state of high which we submit to you to-day in the directors' report dealing subject briefly and have refrain serves are equal for four years Indo-China. China. Other Places for the year ended June 30, 1931, with the results of the working ed from adverse comment be of present requirements.
are the subject of keen dis of the business for the year. The cause, as you can imagine, the political situation in China is un- appointment to the Board of reduced profit and the conse-relations between the Adminis certain, as it is in many other Directors, as they will have been quently reduced dividend are due tration and the railway are of parts of the world, but, so far as to the shareholders. They dis- to three causes: first, to the re- an intimate character: the rail-we can see at present, it does not close a profit of £142,153, com- striction by the Peking-Liao-Way is indispensable to the Ad-seem likely to interfere with the pared with £263,955 in the pre- ning Railway of facilities for ministration and the Adminis-course of our business, which, as ceding year. The causes of the transport of Kaiping coal
istration is by far the largest we know, from past experience, a possesses great powers of re-
BANQUE DE L'INDOCHINE.
HEAD OFFICE: 96, Boulevard Hansemann, PARIS. Capital fully paid up. Frs. 120,000,000 Reserva (81.12.1930) .Fra. 116,568,454 BRANCHES:
SEMARANG HEREMDAN SHANGHAL SINGPORE
SOURAUAYA
TAIPING
T1ENTIN TOKYO
KARACHI
RLANG
CONORAL (Phuket) TSINGTAO
YOKOHAMA
KUALA KANGSAR
ZAMBOANGA
KUALA LUMPUR
Saigon Battambang Ganthe Haiphong
Thanh-How
Prom-Penh
Cantor
Bangkok Fort-Bayard Hankeon Djibouti Hongkong
Noumea Huo
Mongtze Nam-Đinh Peping
Papeéto Shanghai
Pondicherl Tientsin Yunnanfon Singapore
Foreign Exchange
And General
Banking business transacted.
Current Accounts opened and Fix-
ed Deposits received for one year or shorter perioda at rates which will be quoted on application.
J. STUART,
Manager. Hong Kong, August 17, 1981.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING ROOIETY]
BANKERS.
Established 824.
Hong Kong Offen:-11, Queen's Road Central.
Authored Capital Quilters 150,000,003- Fald-Up Capital
Guilder 90,000,000- Flameren und Ouliše 48,015,000- Head Offon-AMSTERDAM". Eastern Bead OG --BATAVIA, Broches :—Wandjarmasin. Bandoong",
Dombay, Calouste, Charbon, Djaliber, Djok Jakarta The lingua", "Fiddah, Kobe, Makunnar, Medan, Palembang, Puka longas, Panang, Bangoos, Botterdam", Semarang, Bhangbai, Singapore, Boers bala, Boerakarta (Solo), Tegal, Tillatiep And Weltevreden.
• Three olloss have Safe Deposit Bonse to Lei.
LONDON DANKEES:-
NATIONAL PROVINCIAL BANK LTD.
Correspondents sit or the world. Deuking Busi soma of every dowription trenasled
A. STOKSINK,
Hong Kong, at December, 1901,
THE
Kanager.
Quinton Tourane Vinh
Every description of Banking and Exchange Business transacted.
A. BONNAUD,
Manager.
|
year.
Rolling Stock Agreement.
coal re-
The
terms of a new agreement with the railway for the transport of
this reduction are set forth in during a period of several months customer of the railway, and the directors' report, but I will in the Spring of this year; next, great deal depends upon their cuperation and expansion. The deal with them more fully after to the extraordinary expenditure perfect co-operation. going through the accounts. The involved in the settlement of net result is that we are able to claims made by the railway Interest, allowed on Current Accounts recommend a dividend of only against the Kallan Mining Ad-cently as December, 1930, only coal to the railway for a term of I may mention here that as re. Kaiping coal and the supply of and Fixed Deposits according to ar- 214 per cent., free of income ministration, and, lastly, to the three months before this trouble years have just been settled, and rangements.
tax, compared with 9 per cent, heavy fall in the rate of exchange. developed, a new hire-purchase the agreement is on the point of Safe Deposit Boxes to let. free of tax, for the preceding At the last general meeting we agreement had been entered into being signed. Travellers' cheques issued.
were able to tell you that the between the Administration and
In conclusion, I should mention The gross profit of the Kailan sales for the first five months of the railway, covering for a term that Mr. P. C. Young, our agent Mining Administration for the the working year, July, to Nov- of years the exclusive ust by the and general manager in China, year amounted to $8,066,233, ember, 1930, showed an increase Administration After providing for interest on of 380,000 tons, and that all in waggons, 20 brake vans and 12 years' distinguished service, the of 000 40-ton has recently retired after 18 the six per cent. Kailan bonds, dications seemed to be favour-main-line locomotives, all £46,800, redemption of bonds, able for active business in Kai-plied to the railway by and fin-tration, and that his successor is greater part of the time as head for the year, £24,000, reserve for ping coal.
The sales continued anced by the Administration, Mr. E. J. Nathan, who has been of the Kailan Mining Adminis- depreciation, $1,209,985 the pro- to increase until the following and providing for the supply of portion of profit to which the March, and there seemed to be six more main-line locomotives in the service for many years, Chihli Provincial Government is every prospect of a highly satis on the same terms. It was upon of all its departments. entitled
and has an intimate knowledge $78,211, and other factory result from the year's this rolling stock that the Ad- items, there remains a net profit working of the Kailan Mining ministration had to rely for the of $4,064,030, which is a reduc Administration, and also for our- transport of its coal during, the
The report and accounts to tion of $1,591,014 on the
June pre-selves, apart from the question period to which I have referred. adopted.
of exchange.
Notwithstanding these difficul- Settlement of Matters in ties, the sales for, the year
Dispute.
amounted to 4,500,000 tons, but Negotiations of friendly instead of there being a sub-
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
Undivided Profits ..U.S.$226,087,392 | ceding year.
Branches in
ARGENTINE BELGIUM BRAZIL
CHILE CHINA
COLOMBIA
CUBA DOMINICAN REPUBLIC
AMERICAN EXPRESS COMPANY, INDIA
INC.
THE BANK OF CHINA.
行銀國中
Head Office: 45, Broadway, New York.
Reorganised October 26, 1928, under
Capital
opecial charter of The National Gov-
Surplus
ernment as an
Reserves
U.S.$6,000,000 .U.S.$1,572,454 .U.S.$1,808,209
INTERNATIONAL EXCHANGE
BANK.
BRANCHES:-
..$24,710,200,00
Subscribed Capital .$25,000,000.00
Pald-Up Capital
..$ 3,820,503.82
HEAD OFFICE: SHANGHAL
Reserve Funda
HONG KONG BRANCH:
4. Queen's Road Central,
Owing to our numerous branches in
China and large connections in tho
important commercial contres of world, we are able to extend to
the
ellents special facilities for domestle
and foreign banking and exchanges.
ITALY JAPAN
LONDON
MEXICO
PANAMA PERU PHILIPPINE ISLANDS PORTO RICO STRAITS
SETTLEMENTS URUGUAY VENEZUELA
a
Bup
ex-
Profit and Dividend. The proportion of this profit brought to credit of our profit and loss account, together with character had been proceeding, stantial increase over the pre interest in China; is $3,033,490, between the Administration and ceding year there was a reduction] and after making some slight the railway authorities for some of 251,000 tons, and there was a adjustments there is a credit of time past in regard to certain reduction of $868,488 in our share £142,909, the conversion being at matters in dispute, and the Ad of the profit compared with the the rate of 11.11/32d. per dollar, ministration had proposed on preceding year. compared with 1s. 4.41-64d, in several occasions to refer
the the preceding year. Interest matters to arbitration.
The next paragraph of the re- Commercial and Travellers' Letters amounted to £15.908, about one- month of March last a peremp- change, which has now continued
In the port refers to the fall in of Credits, Travellers Cheques, Bills half of the amount for the pre- tory demand of Exchange and
was made by the over two years following the fall Cable Transfers ceding year owing to the pre- railway for a settlement of out-in silver. bought and sold. Current accounts valence of lower rates, and minor standing questions. Claims were years ago we were able to take In our accounts two and Savings Bank accounts opened and Fixed Deposits in local and for items bringing up the total credit made of such a character and of the dollar at 1s. 10.9-64d; this.
taken at rates that of the account to £165,104. Ad-such an extent that the Adminis- time we eign currencles may be ascertained on application to ministration and expenses of all tration could not possibly accede 11.11/32d. per dollar. I need not have to take it at the Bank.
kinds in Europe amount £19,425,
to to them, and they had to be re- point out that the fall in the a reduction of about sisted. Every endeavour was) value of the dollar has a serious £2,600.. There is a debit of made by the Administration to effect on the working costs of the £3,526 on exchange account. The deal with the claims in a con- administration, the cost of the net profit for the year, as I have ciliatory manner, and arbitration European staff, the supplies of already said, is £142,159.* The was again proposed, but without mining stores and the service of balance brought forward from result. The railway suddenly the Kailan bonds, being directly the previous year's account was proceeded to hold up the Admin- affected. The question of silver £3,888, making a total credit of Istration's traffe between £146,041. On the other side, we mines and the port of Chinwang- mense importance to
thelin relation to currency is of im- have income-tax £98,098, a re- tao by restricting the supply of East, and, indeed, to the whole' the Far LTD.duction of £11,005. I remarked their waggons. that is, the world, and we are glad to see last year on the enormous pro- railway's waggons with the that it is beginning to receive] portion which income-tax bore to! the profit of that year, about 40| per cent. in this instance It! amounts to nearly 70 per cent. The balance to be carried to the Central Bank in Formos,
balance-sheet is £47,942, against Bank-Notes breund Average amount ...Yen. 65,000,000 £181,288 for the previous year.
BRANCHES AND AGENCIES: All classes of Commercial Banking FORMOSAO, Kagi, Karenko,
JAPAN:-Toyko, Yokohama, Kobe, Oaks,
We propose
to transfer $2,500 Traniections undertaken,
Beune from the reserve account and to Katong, Nanio, Shochik Tais. Tainan declare a Takao, Tama, Toss, Halto, Talio. CHINA Shanghai, Hankew, Lory. Fohow, cent, free of income-tax, and to dividend of 2% per Personal investment account or Kong, Bingsport,
Below, Cant handled.
Sanatang Balaris, Bombay, Londra, Nawrent year. The dividend will be Boarabera, carry, forward 1,412 to the cur- payable on 29th instant..
Amsterdam Antwory Ati
Врива
Perla
Marrie
Horahny
Bremen
Cleane Glagow HT Hamborg GATTO Interlaken Jorgaloms Eldo Landon Liverport Lucofla Ligano JALIC Colombo
Marseilles Castniinople Monte Carla
Benal
Bannon Are
Cairo Calcitta
Canti
Copenhage Manila Edinburgh Florence Genera
Munich Hontreux
Fil
Now Haplos Pirk
Редль Peking Palatino Batlardam Вол Blambout Shanghai Beuthampton Бінароме St. Morits Tibiala Timna
Yuptoo
Yokoham Zurich
Branches of American Express Com-
We also handle the issue of Bonds pany to. Principal cities of United and other Public Funds of the Chin-States of America and Canada. ese Government both at home and
abroad.
SHOU J. CHEN,
Manager.
Hong Kong, 6th March, 1931.
THE YOKOHAMA SPECIE BANK, LIMITED
Established 1880.
Capital (fully paid-up) Yen 100,000,000 Reserve Fund"
Yen 118,200,000
Head Office: YOKOHAMA. Branchen and Agencies at:
Alexandria
Batatiä
Berlin..
Bombay
Canton
"(Dality)
Nagasaki
Nagoya
Newchwang
New York
Osaka
Felping Rangoon Fagen (Mükdan) Rio de Janeiro
"Kong'
San Francisco Seattle
Shimonósakt
pore baya
The Company offers to intending Travellers the use of its "Travellers Cheques and Latters of Credit and, in addition, the world-wide services of its thoroughly equipped Travel Department.
E W. DUGGAN,
Manager.
We are also able to offer our Cas- tomers the services of the Branches of the International Banking Cor- poration in San Francisco and Spain and also of The National City Bank of New York (France), S.A., in Paris
F. MED. COURTNEY,
Hong Kong, June 16, 1931
and Nice.
Manager.
THE BANK OF TAIWAN,
(TAIWAN GINKO.)
HEAD OFFICE:-Taipeh, Formosa. Incorporated by Special Imperial Charter, 1899.
York, Deispa.
-LONDON BANKERS:
Barclays Bask, Ltd., Lloyds Bank, Ltd. Midland Back, Ltd., Wizinster Bank, Ltd.
Commal Centres throughout the wald.
The Dank, ba4 Corespondents is all the pipa
MARK. NAGURA, *
HONG KONG BRANDIÉ,"
5. Des Vess Roid Central. Hong Kong, Decembar 34, 198
Namagar.
Balance Sheet.
THE BANK OF EAST ASIA, LTD. Current account; $20,202, which
Established 1918-
HEAD OFFICE;" 10, Des Voeux Road, Central. HONG KONG
Capital and Surplus
Total Recources.
: ་
over ILS 8,000,000.00 over IL$30,000,000.00) Every description of Banking and Exchange business transacted.
Current and Fixed Deposit, Accounts in local and for- aign currencies opened for cleHEA
Savings Account and Bafe Deposit Barak,S Brandbe abd: Agonales ail: over the worldɛ
TONG POSAM
2456)
PLAS
LADE
מט
30, 1931, were finally
Has Two Jubilees
o celebrate the fitieth anni Tversary of the Canadian Padic Railway and also of his service with the company was the unique
"double event completed this. year by Albion Maynes, of 822 Quebec Ave nue, Toronto who has just
retired from the position of rula examiner for the railway's Motive Power department in Montreal. Ho entered the company's ser- ALBION MAYKO vies in 1881 and during the fast seven years has examined more men for 'pro- motion to engineer rank than any.... other employes. He served up- proximately twenty years of his railway Hfe in Toronto, from fore- man to division master mechanie, and ir 1924 was made Rule Er aminer and Instructor in connee- tion with locomotives for Bastern lives. As an engineer he drove the Prince of Wales (now King George V) during his last visit to the Dominion and also drove the Duke and Duchess of Connaught with whom he had many a pleasant chat.
A:O.F.C: Average of Shanghai Stocks
TWINTY REPRESENTAČIVÉ
STOCKS.
1932
The balance sheet, as usual; cially. The liabilities. amounted shows a strong position finan to £86,249, consisting largely of dividends and interest outstand- ing. Reserve for income-tax is £18,797, and for the half year's interest on debentures to June 30, 1981, £23,040. There is a balance to the credit of the Kai- lan Mining Administration on will be extinguished in the or dinary course. The six per cent. first mortgage. debentures stood at £768,000, after providing for the annual redemption by draw- ing of £24,000. The reserve ac
Prices have been: Improving re financial markets to its proper func present levels. The manner In count atands at $114,954 On ceatly on the Shanghai Stock Ex. tion in the community and bring which recovery movements have set the other side of the account the change is the financial tangle of the about a more normal situation. ta from time to time indicates that cash, 2620,549 bills receivable, Chinese Government becomes lese movements of the A.0.F.C. Average become more settled
The market as measured by the prices should advance: If conditions £4,889, and debtors, £8,070, amounted
to 2628,008.
uminous. There have been fresh touched a low-point last Saturday The
assurances that a mo
The statisti been Improving hanged at #1836-168,
AO.FC. Avera lan Mini: Administa
Chinees' Bonda not And consequently sentiment
un-
work
1507770%
TE Kas been
com
ing will be
Bon
plant:
"will restore one
High for
1881 24.10
mber 19, 1981:28.66
1915 4-gate anuary/16/1963, 21.49 Fanuary 19/1882 7:28:08