BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorised – Capital
.850.000.000
Issued and Fully Paldog ......... 95,000,000 Berre Punda zna
Skilon
..............................$10,000,000
Reserve Liability of Proprietor 0,000,000 HEAD OFFICE: RONO KONG:
BOARD OF DIRECTORS —
How. Mr. G. G. A. Mackie. Chairman.
Bon. Mr. J. I. Paterson. Deputy Chairman,
3. A. Mummes, Esq.
T. II. H. Shaw, Esq.
W. B. Bell, Esq.
d. E. Comptor. Bəq.
10. Miebla, Eng,
T. E.
earos, Eng.
Oblat Manger.
AMOY
BAXOKOK
BATAVIA
1. P. Warren, Peq,
V. M. Grykan, Eng,
BBANCHES---
LONDON
LYONS
MALACCA
MANILA
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON.
Paid-up Capital Reserve Fund
THE HO HONG BANK, LTD.
(Established 1917.)
HEAD OFFICES-SINGAPORE. Hong Kong Branch: 18, Queen's Ed. C.
THE
CHINA MAIL.
Commerce
Finance
and
NEW
Authorised Capital Straits $20,000,000 Issued Capital
12
Paid-up Capital
8,000,000 4,000,000
Reserve Liabilities
LUCO,000
2,657,000
of Shareholders. Burp!De
Branches, Agencies and Correspoa- .£3,000,000 || denta in the principal citius of“ the
£4,000,000 World.
Every description of Banking and £8,000,000 || Exchange burineza tranamcted.
TAN ENG HOOI,
Reserve Llability of Pro-
prietors
Agencies and Branches:
KUCHING
ALOR STAB
AMRITSAR
BANGKOK NATAVIA KOMBAY
CALOUTTA CANTON SAWNPORE ORBU JOLAKBO
DAJREN
DEIJI
HAIPHONG HAMBURG
HANKOW
HARMIN
MADRAS
MANILA
MEDAN
NEW YORK
PEPINO (hap PENAND
BANGOON
MAICON
SEMARANG
BEREMBAN
CALCUTTA
MUAR (Johor)
MURDEN
HONG KONG ILOILO
KODP
KUALA KANGHAR
BHANGRAI
HINOPORE SITIAWAN SOURADAYA
TAIPING
TIENTSIN TOKYO
BOXDAY
FOOCHOW
CANTON
CHEFOO
NEW YORK
COLONDO
PRIPINO
DAIREX
TENASO
RANGOON
RATOON
BAN FRANCISCO
SHANGHAI
BENGA POSE
SOUBASTA
SUNGEI PATANI
HAIPHONG
KAMBURO BANKOW
HARGIN
KONO W
IPOH
JODORE
KORN
HOWLOON
KUALA LUMPUR
TIENTSIN
TOKTO
TEINOTAS YOKOHAMA
Current Accounta ogasad in Lonal Currency sad Find Depcoile received for tas poor de tar periods in Legal Currency od Starting no karma which will be queled on application
Bong Kong, December 1, 198I.
HONG KONG SAVINGS BANK.
The Bolens of the shore Bask la condues!
by the HONG KONG AND SHANGHAI BANK ING CORPORATION. Holes may be obtained on application.
FOR THE HONGKONO AND BHANUMAI DANKING CORPORATION.
V. M. ORAYBURN,
Chief Hann
Hong Kong, 1b July, 1980.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office Hong Kong.
Authorland Geplial (IR. Larranty) -11,000,000 RM4.000 Palėp Capital momen
1,200,000
BÌANOKES-
Canton, Shangbel, Hankow, Bestow, Bangkok, New York sad en Prascisco.
LONDON BANKERS;-
The Ployd's Bank, Limited. CORRESPONDENTA
In all principal sillon of the World.
Porn Fachange and banking but of
utary description creampied.
Bale Deposit Botas (various miner) at a yourly.
rental of From 65 $40
LOOK POONG SHAN,.
Chief Manager.
THE BANK OF CHINA.
行銀國中
INTERNATIONAL EXCHANGE
KARAOTII KLANG
THE NATIONAL CITY BANK OF NEW YORK.
HEAD OFFICE: 55, Wall Street, NEW YORK,
Capital, Surplus and
Undivided Profits ..U.S.3220,087,392
Branches In:-
ARGENTINE
LONDON
TOXOKAH (Phuket)
BELGIUM
MEXICO
TSINGTAO
YOKOHAMA
BRAZIL
PANAMA
ZAMBOANGA
CHILE
PERU
KUALA LUMPUR
CHINA
PHILIPPINE
Foreign Exchange and Banking business transacted.
Current Accounts opened and Fix-
General
COLOMBIA CUBA DOMINICAN REPUBLIC INDIA
ISLANDS
ed Deposits received for one year or shorter periods at rates which will be quoted on application.
J. STUART,
Manager. Hong Kong, August 17, 1991.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING SOCIETY)
BANKERS.
Established 1894,
www..com
Hong Kong 0-11, Qaen's Hood Central.
Authoriand Capital Ouilders 180,000,000. Paid-up Capital
Quilders 80,020,600. Berta Fuad
Ouilders 0,014,000.
Blond Of:-AMSTERDAM'.. Bestern Hand Gle:-BATAVIA,
Branches:-Bandjermasiy Dandong", Blocs bay,
Caloutia, Charbon, Djembet, Djek ¿kkara", The Elague", "Fiddah, Babe, Makassar, Modan, Palomberg, Fl longan, Promg, Blangson, Botterdam" Semaning", thanghai, Singapore, Boats. bala, Soerakaria (Bulo), Tegal, Tjilatjap end Walleredon“,
* These cillone bare Safe Deposit Bonus to Let.
LONDON BANKERS
NATIONAL PROVINCIAL BANK LTD.
Correspondants all over the world. Barking Busi Ron of very description iraesented.
A. STOKKINK.
Hong Kong, Jet December, 1883.
THE
Manager.
AMERICAN EXPRESS COMPANY.
Reservea
PROGRESS OF THE
LEAGUE OF INDUSTRY
CAPITAL AND LABOUR GET TOGETHER. SIR WILLIAM MORRIS ON TARIFFS AND LIFE,
&
WEDNESDAY, FEBRUARY 3, 1932.
WHOLESALE PRICES IN COLONY
HIGH COST OF LIVING IN 1931.
As measured at the Statistical Branch of the Imports and Ex- porta Department wholesale prices in Hong Kong during the year 1981 showed an increase of 29.8 per cent. as compared with the year 1924, 36.0 per cent, as compared with the base period of 1922, and an average index figure alightly more than double that of the year 1918.
The average for all articles rose from 189.8 in the first quar- ter of 1981 to 140.4 in the second quarter, declining to 183.2 and 132.7 respectively in the third and last quarters of the year.
The following table shows the course of price changes since 1918:-
1st Qe. End Qr. 8rd Qr. 4th Qr. 144.1 147.3 142.2
148.7 147.9- 149.1
128.7 128.5 138.5 143.8 149.8 188.2 129.7
127.5 118.8 125.8
64.0 100.0 106.8 136.0 139.8 140.4 133.2 INDIVIDUAL AVERAGES (1922 = 100).
Foodstuffs.
1924. 1st Qr. 2nd Qr. ård Qr.
1981 1981
130.3
125.0
all
1913. 1922 1924. 1981. Foodstuffs ..... 73.8 100,0 100.1 144.8 Textiles
$5.1 100.0 112.5 135.8 Metals
69.2 100.0 102.3 140.9 Miscellaneous 64.2 100.0 108.8 125.4
Average Articles
182.7
4th Qr. Annual
1931
1931 1931
Beans
110.8
147.9
119.5
180.0
Beef
118,9 2215
204.1
218.0
Eggs Flour (Wheat) Salt Fish Fruits (Fresh)
94.5 188.0 184.0
96.4 124.1 124.7 104.7
114.0
87.6
192.1
127.5 122.8 195.9
123,4
199.1
30%.D
identical, not (Condensed)
106.9
106.0
144.0 148.8
80677
306.7
129.0
92.2
Matton
201.7 185.9
170.7
1200 183.0 185.2 17677
114.3
119.0 178.8 175.8
1818 181.8 159.1 178.8
Wel
Onions Peanut Oil Pork Potatoes
103.1
177.9 189.2
71.7 175.6 141.1
111.6 1123
1.12.3 110.2
116.2
121.4
118.4
117.1
£99.0
103.6
145.0 184.3
140.0 10.0
120.2
120.0
183.8
Poultry Rice (Broken) Rice (White) Sugar (Raw) Vegetables (Dried, etc.) Vermicelli
111.0 197.3 176.8 173.0 1543
1710.3
175.2
112.3
133.6
103.0 122.5 123.8 124.4 128.1
110.2
143.8
128.1 134.5
126,0
133.2
100.0
135.8
96.7 97.7 102.8
98.8 09.0
96,3
30A 2 284.1
180.6 180.0 130.0 181.1
130.8 130.8
189.1 $42.0
952.5 $83.8
180,5
17677
93.4 50.4 102,5 114.1 17.4 122.2 109.0
*14:0
143.8
59.4 51.3 -79.0 72.7 64.8
108,6 127.4 129.3 120.0 104.0 120.2
Textiles.
les.
1924. 1st Qr. 2nd Qr. 3rd Qr. 4th Qr. Annual
1991 1991 1931 1981
148.7 141.4
120.5
1931
142.8 148.7 130.6 100.4 95.7 91.3 07.1 85.7
82.2 77.5 102.9
Cotton Yarn Cotton (Dyed Plain) Italians (Dyed Figured Plain) Shirtings (White 40/48 yards) 91.4 Hemp (Manila) Gun Cloth
Bags
At the end of a little over six weapon to fleece the consumer or a months' existence the League of cloak to hide log-rolling and graft. Industry finds itself with a mem- Nor must it be used as a dishonest |bership of over a hundred thousand method to reduce the wages of the and flourishing organisation employees. To prevent this the |throughout England and Wales. League demands that an indepen- As Sir William Morris, its president economic tribunal shall be set Įdent, said in an interview with The up, which will watch over both the
Observer, its
may be interests of the consumer and of) success said to point to a new understand the Industrialist. I include in the ing on the part of all who are en word 'Industriallat both worker gaged in industry-an understand-and employer, because, after all, Jing that it is absolutely essential their interests are
for the future industrial progress antagonistic, and let me add by PORTO RICO STRAITS
of the country that a common in-industry' we mean all industry-- SETTLEMENTS dustrial view point should be aim that is, not merely manufacturing URUGUAY
ed at
industry, but agriculture. VENEZUELA
The League was established ca have, in fact, taken the line from Commercial and Travellers' Letters the initiation of the National Coun- the beginning that agriculture can- of Credits, Travellers' Cheques, Bilcil of Industry and Commerce. not be treated in a different way of Exchange and Cable Transfers The Council ia a body of men en-to other forms of industry. bought and sold. Current accountsgaged in industry and
commerce, and Savings Bank accounts opened
Cubden's "Triumph." "The cause of Protection has and Fixed Deposita in local and for all of them devoted to the cause of eign currencies taken at rates that Protection and to bringing indus-jeuffered in the past for various] may be ascertained an application to try and trade out of the grievous reasons. One was because indus- the Bank.
lived in state into which they have fallen.try
an atmosphere of We are also able to offer our Cus-The League was created out of a seeming prosperity which gave an tomers the services of the Branches of the International Banking Cer.desire to broaden the appeal. Sir illusion of being permanent; and poration in San Francisco and Spain William Morris therefore agreed another was because the fiscal and also of The National City Bank to become the president of this new issue became the sport of party of New York (France), S.A., in Paris organisation of employers and em politics and was tossed from one Silk Piece Goods
These factors Silk Yarn (Artificial) ployees, which was designed to fur-hand to another.
largely disappeared, Blankets (Wool & Union) Manager.ther the cause of Protection, and have now
Ito break down the barriers that The country is beginning to
888 Flannels prevented employers and workmen that the great achievement of Free Suitings & Tweeds (Woollen) from presenting A collective Trade is nearly three million un THE BANK OF TAIWAN, LTD. opinion on industrial questions. employed. As to the second point}
(TAIWAN GINKO.)
I have mentioned our organisa- tion is doing something there. We As Sir William Morris has said, find that the workers are deaper the very fact that the employee ately concerned to-day with the found himself sitting next to his welfare of industry, and when they master at the same table at meet-see that our association has no ings of committees and Councils of political axe to grind, they study Bank-Now issued Aurage amount. Yes. 45,ood,ad the League discussing the same the question with impartial minds. problems and faced with the same The appeal we make to them is difficulties, has automatically led quite direct sud simple: It is put Bagi, Karenko, Kedung, Makong Nando, Blinchiku, Talpbu, Talain, to a better appreciation of each to them wholly as L Yaso, Tammal, Toon, Haito, Tulio,
question of CHINA-Shanghai, ankar, Amoy, For, other's qualities. There are no their bread and butter.
Swatow. Canton.
We ap- class distinctions and no Party proach the men and the women- OTHERS-Hong Kong, Blagapore
Semarang, Batavia, Bombay, Landau, Raw politics. Mr. Frank Hodges and for membership of the League is
Mr. W. Hartshorn alt side by side open to all who work in industry, Firewood
Feathers (Duck) with Sir William Morris and Lieutin a workshop, factory, or mill or Hardwoods Colonel Sir Wyndham Portal (the office. Having got the employer's Hide (Cow) chairman) on the National Execu sanction--for there are
Hides (Buffalo) customa Leather (Sole) The Bank has Correspondents in all the principal tive. In dozens of committees all respecting the introduction
Paper over England, a workman may be public questions on industrial and Rattana in the chair, and employers may he commercial premises which we are ordinary members of the commit careful to observe-we either go to the men direct or approach them
and Nice.
F. McD. COURTNEY,
Hong Kong, June 16, 1931.
HEAD OFFICE:--Talpeh, Formoss. Incorporated by Special Imperial
Charter, 1899.
-Central Bank in Formen.
BRANCHES AND AGENCIES: JAPAN:-Toy ko, Tokuba, Kobe, Osaka, FORMUSA:-in,
Spermbayn,
York. Dairen,
LONDON BASKELS:
Harvings Bank, Ltd., Lloyds Bank, Ltd.. Midland Bank, Ltd., Westminster Bast, Lld.
Commercial Contres throughout the world.
INC.
Head Office: 65, Broadway, New York.
K. NAGURA,
Manager.
RONG KONG BRANCH:
Reorganised October 26, 1928, under
Capital
special charter of The National Gov-
Surplus
ernment as an
U.S.$6,000,000 U.S.$1,572,454 U.S.$1,908,209
8. Do You Road Central. Hong Kong December 24, 2031.
BANK.
Subscribed Capital
.$25,000,000.00
Amaiorlam
Peld-Up Capital
Ask, werp
-$24,710,200,00
Athous
Banla
Borkin
Bantu
Bombay
Brewed
Bruneta
London
Bosnos Alre
Liverpool
Unira
Lucerne
Cali
Lugano
Lazar
Marmol
Reserve Funds ... ..Ţ 9,820,503,82
HEAD OFFICE: SHANGHAL
HONG KONG BRANCH:
4. Queen's Road Central.
Свад
Colombo
BRANCHES:
Deco Glasgow
Hamborg HATTE Interlaken Jorusalem Lido
Contestouplo Houte Carlo
Сортавара Havile EdJoburgh Huntob MoreoDe
Montemur Genev
- Milata
Nice
Pirmo Paris Jona Poking Patceras Rotterdas
Loma Htamboul Bhaaghal Bouthampton Singapore St. Morits Tiantain Vienus Vanics Yokohama Zuriah
Branches of American Express Com- pany in Principal cities of United States of America and Canada.
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 domestic and foreign banking and exchanges.
We also handle the issue of Bonds and other Public Funds of the Chin see Government both at home and abroad.
SKOU J. CHEN,
All classes of Commercial Banking Manager. Transactions undertaken.
Personal Investment accounts
Hong Kong, 5th March, 1981. .
THE YOKOHAMA SPECIE BANK,
E
LIMITED.
Established 1880.
| handled.
.
The Company offers to intending Travellers the use of its "Travellers Choques" and Letter of Credit and, in addition, the world-wide services of its thoroughly equipped 'Travel
Capital (fully paid-up) Yen 100,000,000 | Department. Reserve Fund.
Yen 116,200,000
'Head Office:—YOKURAMA.
Branchoe and Agencies at:
Alexandria
Batavis
Beria
Bombay
Calcutta
Nagsarki Nagoya Nowchwang New York
E. W. DUGGAN,
Manager.
VICTOR RADIO SERVICE STATION. All types of Radios, Electric Gramophones, etc., can be repaired by our
RADIO EXPERT
and AMPLIFICATION
ENGINEER
at
tee,
Non-Party,
of
13.2
102.1 93.4
187.9 130.9 130,8 111.1
340,0
201.6 315.6 304.5 128.0 08.0 75.8
91.4 94,3 45.0 142.9
275.6
94.8
06.8 87.6
101.8 97,5 101.0
94.8 116.9
268.9
201.1
50.0 64.D
105.2
84.8 78.0 88.5 56.0 181.9
91.8 85.8
39.8
99.5
45.1
191.5
129.8
156.6
105.0
81.8
481.9 383.8 237.8 276.4 852.4
Brass Sheets
99.9
100.8 103.2 93.0 66.9 90.0 Metals & Minerals.
1924. lat Qr, 2nd Qr. 3rd Or. 4th Or. Annual
1931 1931 1991 1981 1031 138.3
100,0 136.5 120.6 107.1 127.1
Lead (Pig) Oil Fuel Kerosene Lubricating Oll
Yellow Metal Sheathing Iron & Steel Bars Conl Iron & Steel Nalla Iron & Steel Plates
95,8
157.0 183.2 157,0 140.2 159.6
88.1
109.0
90.1
124.9 125.7 119.5
110.0 ∙119.8 115.8 122.7 116.9 97.9 113.3
93.6
100.7
114.2 136.8 114.4 100. $10.0
115.3 118.5
124.7
189.7
209.9
192.7 175.3 191.9
131.2
201.7 149.8
191.5
72,0
91.0 128.3
188.2 115.5 150.8
942
212.0
in
Petrol
Cement Charcoal
(Chinese)
Saltpatre
Softwoods
Soda Ash Sulphuric Acid
Sulphate of Ammonia
106.5 103.7
97.0 136.5 154.8 246.0 310.0 99.5 141.8 128.8 124.9 181.0 181.8 91.1 101.0 94.3 78.2 76.4 87.5 150.4 178.9 189.7 188.2 161.9 177.4 Miscellaneous.
Isto
1924.
75.0 118.3 157.4
tQb. 2nd Qr. ård Or. 4th Qr. Annual 1981 1981 1981 1931 1931
69.7 78.7
77.9 66.0. 45.2 44.7 4247 41.8 42.6 166.2 166.7 167.4 182.8 89.7 114.5 116.6 111.6 115.7
71.8
30.5 1788
921
1148
87.8
180.3
180.7 145.8
114.6 *982 92.8 91,3 92.7 184.5 204.6 178.2 209.0 192.8 224.2
101.8
145.2
160,7
209.6
192.6
108.8
115.8
18074
135.
90.5
84.0
108.0
98.2
89.5
08,0
has a
181.7
115.9
129.0
98.8 180.2
854 138.8
185.3 120.9
189.4 130.7 128.2 180.2
169.8 158.7 156.0 154.0 188.3 120.6 124.8 136.0 136.8 189,7
127.9
147.7 124.2 181.2 96.7. 96.8 87.0 88.6 78.1 87.6
"So you see," said Sir William through their works-council, their Morris, "It is an attempt to get the foremen, or whatever works or employee and the employer work-ganisation thera is. Then if our ing in unison, to get that united Proposals are acceptable a Branch front without which there can be of the League is formed and it is HONG KONG REALTY & TRUST) ordinary yearly meeting to be held
brought into a federation of local no great national effort, such as there was in the war and to take branches.
"Our first half-year has taught
CO., LTD.
on March 2 will recommend be ap- portioned as follows:-
To pay a final dividend of
80 cents per share..... 60,000.00
Benerve..
50,000.00
12,697.52
$122,697.62
Should these recommendations
a more recent example-at the lastj General Election. Never when we us a good deal. I have said over Subject to audit the profit for To transfer to General' have gone down to speak in the and over again that this movement the year ended December 31, 1981, factories and workshops have we is not against the trade unions: 1 including $12,287.95 brought for To carry forward to new
account ever made a party appeal. On the think they have done a great deal ward from the previous year, contrary, when the General Electo bring to an and the old evil amounted to $182,697.52. Deduct- tion came we supported any can. days of sweated labour, long hours, lay therefrom the interim dividend didate whether Conservative, jand low wages. But trade unions of $80,000 paid on September 1, be adopted the General Reserve Liberal, or Labour who would have taken a growing part in 1931, the amount of $122,697.52 re-will, as a result, be increased to a support our aims. The industrial politics, and in doing so have done mains, which the Directors at the total of $800,000. interests are a question of life and great deal of harm to the coun death: not a matter for party try, to themselves, and to industry. squabblings and petty bickerings. Instead of industry being able to at the hustings.
speak to the country and to the politicians with one voice it has "What, then, are the aims for spoken with two opposing voices, which the League stands? Well, and consequently it has failed tims we stand first of all for Protection; and again to obtain its Just de-
TSANG FOOK PIANO and by that I do not mean the old mands. Our experience over the
COMPANY.
8, Des Voeux Road, Central. (Entrance Ice House Street) Telephone 24648.
THE BANK OF EAST
ASIA, LTD.
hit-or-miss Protection, but a scien-fast six months has convinced us tic tariff. We are in agreement that there is within the unions with the Free Trader when he says themselves a real feeling against that Protection must not become a these political activities a feeling that has been growing stronger just lately. Why? Well, because just as 1926 proved the failure of the trade anton movement in the industrial world, so 1001 has shown Ita failure as a movement In the
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE:\
16, Groebum Riceat, Lcedos. P.0.A. *Authorised Capital ....£8,000,000 Subscribed Capital .**. 1,800,000 Paid-up Capital ....... 1,050,000. Reserva Fund and - Hest: 1,656,845
The Bank of England & Midland: Bank, LAL/
NADRANUHIES : DRAG
Ipak
New York Penang
Kaudj
Established 1918
"ZDaly)
Mukden) Rio de Janeiro
HEAD OFFICELE
Ban Francisco
Des Voeux Road, Central.
HONG KONG
Bougkor
„Basuria
Bortbay
Kota Bharu
Capital and Surplus Total Resources
over HL.$ 8,000,000.00 over $30,000,000.00
Colombo
·Kuala Krai -
Kuala Lumpur - Bimie
Hong Long
Howrah
Hong
Honolulu
received:
How Long 11th
Every description of Banking and Exchange business transacted.
Current and Fixed Depor 1"Accounts to local and for
murrencies opened for clienta. Des Savings Account and Safe Deposit Bozza. Brandbes and Aganolés 11 cover the worl
KANTONG PO
Chiefy Manager.
„Kusią Kalpla
· Port Louis
(Maria)
Rangoon Blogbal
Kuantan (Pakang), Bingapor
"BONG KONG`BRANOH,
Bourabaya
Every dooription of Banking and Exobangs bial.
and Execut‹
political world. What we want to Aee--what the workers in the League of Industry want to see is a return to something like the old craft unions. The other is un healthy for Industry and all en-] gaged in it."!
SUPERVISOR OF SHANGHAI, STOCK EXCHANGES.
SPECIALITIES
eta. 20 "ESPRESSO" Individual. Cap of Coffee, each cup freshly made Hot Seone and Batter
"
Hot Carrant Bun & Batter Brown Bread & Butter (6 alleen)', White Bread & Batter (6 alleen), Meriagge
20
20
HONGKONG HOTEL.
At
Tasteful assortment of exquisite Home- made CHOCOLATES, PRALINES, CANDIRS, and
fresh daily
FANCY and PLAIN CAKES, PASTRIES in delicious variety.
AVAILABLE ALWAYS
'Mac's"
Cafe