1932-02-04

THURSDAY, FEBRUARY 4, 1932.

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

bleed Capital

----- $80,000,000 Led and Fully Paid-ap 30,000,000 Boers Funds

Sterling $ 1,500,000 Alver

kamieniaan $10,000.000

Reserve Edability of Proprietors - #33,000,000

HEAD OFFICE, HONG KONG.

BOARD. OP DIRECTORS—

Hou, Mr. C. 6. 8. Kaokta,

Chairma

Hon. Mr. J. J. Pašarmon.

Deputy Chairman,

W. H. Bali. Bez.

A. E. Compton, Esq.

G. Miskin, Esq.

T. E. earos, Esq.

ANOT

BANDKUR

BATAVIA

BOMBAY

J. A. Pluzomar, Esq.

H. B. Bhaw, Esq.

.. Warren, Esq.

Chia hinnagar.

V. K. buru, Eng.

BRANODES 1 ---

LONDON

LYONE

MALACCA

MANILA

HUAR (Johor)

MUIDEN

CALCUTTA

NEW YORK

CANTON

CHEFOO

COLOMBO

DAIREN

YOU HOW

HAIPHONG

BAMBURO

BANKOW

HARDIN

BONGKEW

ILOILO

IPOK

JOHURE

KOBE

KOWLOON

KUALA LUMPUR

PEIPINA

PENANO

SAN FRANCISCO

DANGDON

HAIGON

NHANGUAL

BINGAPORE

NOURABYA

HUNDEI PATANI

TIENT IN

TOKYO

TSINGTAO YOKOHAMA

Curryna Kornunta opened in Local Currency and Fixed Deppalta regulyed for one year shorter perioda in Local Currency and Sterling on terms which will be quoted on application. Hong Kong. December 7, 1:51.

HONG KONG SAVINGS BANK.

The Bodneo of the abori Bank la conducted by the HONG KONG AND SHANGHAI BANK- ING CORPORATION, Rules may be obtained co application.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Eoys! Charter, 1858.

HEAD OFFICE: LONDON,

Paid-up Capital Reserve Fund

Reserve Liability of

prietors

Pro-

ALOB STAR

THE HO HONG BANK, LTD.

(Established 1917.)

HEAD OFFICE:-SINGAPORE Hong Kong Branch: 13, Qnom's Rd. C.

Anthorised Capital Straits $20,000,000 Issued Capital

8,000,000

Paid-up Capital

4,000,000

of Shareholders Barplus

Reserve Kiabilities

4,000,000

2,087,000

Branches, Agencies and Correspon $3,000,000 dente in the principal cities of the £4,000,000 world.

Every description of Banking and £3,000,000 Exchange business transmeted.

TAN ENG HOOL,

Agencies and Branches:

AMRITSAR

BANGKOK BATAYIA BOMBAY

CALCUTTA CANTON CAWNPORE CKBU COLOMBO

DAIREN

DELBI HAIFITONG

HAMBURG

HANKOW

IPOH

KVOOFO

MADRAS

MANILA

MEDAN

NEW YORK

PMPING (Paking)

PENANG

HANGOON MAIGON BEKARANG BERENDAN BHANGHAI SINGPORK SITIAWAN

Manager,

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, NEW YORK.

Capital, Surplus and

Undivided Profits ..U.S.$226,087,392

Branches in:-

HARMIN

SOURABAYA

TONG TONG

TAIPING

ILOILO

TIENTBIN

TOKYO

ARGENTINE

KARACHI

TONGEAH (Dhuletį,

KLANG

TKINUTAO

BELGIUM

TOKOHAMA

BRAZIL

KUALA KANGSAR

ZANDOANGA

KUALA LUMPUR

XODE

CHILE CHINA

Foreign Exchange and General COLOMBIA Banking business transacted.

J. STUART,

Manager. Hong Kong, August 17, 1981.

↓

LONDON

MEXICO

PANAMA

PHILIPPINE

THE

CHINA MAIL.

Commerce and Finance

FOR AND AGAINST BEAR SELLING

THE ARTIFICIAL FORCING DOWN OF PRICES.

Every responsible knows, dominated by bear selling, with the that the world is suffering from an result that prices are in some in- unprecedented break in prices and stances lower than ever.

a consequent psychology of depres Easy To Do Mischief. Bion which frustrates action. The bears here have been assisted Everywhere men are afraid to act, by similar operations in America. writes Sir Leo Chiozza Honey in a Deep has answered unto deep. We letter to the Financial Times, are too familiar with the phrase. In America, 28 In Britain, "The market opened weak in sym- the shorts are attacked apathy with Wall Street." Bear important factor In the selling has been a big factor in breaking of price. President Hoover engineering the world depression. has not concealed his opinion that It has operated not only in stocks bear selling is subversive of the and shares, but in commodities and public interest. Recent brief re- currencies. Reuter senda a ines- SETTLEMENTS marks on the subject in the Finan- sage from New York, dated Decem- URUGUAY eial Times brought me evidence that ber 15, in which it is shown that a VENEZUELA this is also the view of the British special defence against currency

investor.

bears has had to be erected.

The message runs, "Bear raiding

PERU

ISLANDS

PORTO RICO STRAITS

Faced by threatened legislative

CUBA Current Accounts opened and Fix-DOMINICAN ed Deposits received for one year or REPUBLIC shorter periods at rates which will be INDIA quoted an application.

ITALY JAPAN YAN Commercial and Travellers' Letters of Credits, Travellers' Cheques, Bills of Exc

Exchange and Cable Transfers action the New York Stock Ex-of weakened currencies here to-day bought and sold. Current accounts change defends itself, of course, has been effectively blocked and Savings Bank accounts opened It is not even surprising that It goes powerful international banks and Fixed Deposits in local and for the length of asserting that by all-Wall Street, Paris, London eign currencies taken at rates that may be ascertained on application to ing a bear one helps to steady the Amsterdam, according to high Wall the Bank.

market and maintain price. We all Street authorities. For example, We are also able to offer our Cas know that we are told that if we short sales of Japanese yen have tomers the services of the Branches want to make money. "Sell; been made almost impossible and of the International Banking Cor- poration in San Francisco and Spain for they are being talked down speculators inquiring into the pos and also of The National City Bank to." For long the only money sibility of selling reichaimarka kave of New York (France), S.A., in Paris made by speculators was by starting been similarly rebuffed." land Nice.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY)

BANKERS.

Established 1894.

Chiot Manager.

Hong Kong Onder-il, Queno's Road Central,

Authorised Capital Fald-Up Capital. . Barro Fuad

Gulldera 150,000,000- Guilders 80,030,008. Guliders $0,015,000-

Bong Kong, 18th July, 1990.

POR THE HONGKONG AND SHANGHAI BANKING DORPORATION.

V. M. GRAYBURN,

THE BANK OF CANTON, LTD.

Established 1912.

Bend Once-Hong Kong.

Authorised Capitai (1.K. Currency) ...$11,000,000 Paid-up Capitanganurkkai 8,065,000 Bert Fand

BRATCHED (

1,100,000

Swatow,

Casson, hangbal, Hankow, Bangkok, New York and San Francisco.

LONDON BANKERS:-

The Lloyd's Baak, Linaised..

CORBI IPONDENTA

In all principal cities of the Wald,

Foregi Exchange and banking beanses of

very driptles tousled

Bata Deposit Borm (various situ) at a yearly

rectal of trans #3 to 950.

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA.

行銀國中

Hand O-AMSTERDAM". Eastern Bload Oson-BATAVIA. Bracher:Bazijazmasin, Bandoeng Beanbay,

Calcutta, Charlboa, Djember, Djel Jakaria", The Harva", Jiddah, Kobe, Marusane, Medan, Palembang. Pen longs, Pratig, Jangoon, Botterdam Semarang, Shanghai, Singapore, Boers. baja, Boerakarta (Bolo), Tegal, Tilap and Weltevreden

• T'kose oflows have Bata Deposit Beztas to Let,

LONDON BANKERS :-

NATIONAL PROVINCIAL BANK LTD.

Correspondents all over the world. Banking Bust.

of every description transacted,

A. STOKKINE,

Hong Kong, Lat December, 1931,

THE

Manager.

AMERICAN EXPRESS COMPANY.

F. McD. COURTNEY,

Hong Kong, June 16, 1981.

Manager.

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)

HEAD OFFICE:Talpeh, Formosa.

σε

and

rumours, exaggerating adverse fac- Indeed, it is high time that tors, and frightening investors out Governments defended investors and of their shares. This continued the public against the artificial until the Stock Exchange Commit-forcing down of prices. If they tee restricted dealing to cash trans-refuse to do so, they expose the actions. We have clearly establish- world to revolutionary risks, for let ed the following sequence:- it not be supposed that for ever the 1. Before the restriction there masses of mankind will allow them- was a long-continued series of bear selves to be made the pawns of drives, chiefly affecting the best speculation in adversity. I have securities, which drove prices down nothing to say against speculation to figures having no relation to in normal times, but we are living actual values.

in days of intense distress, when it 2. Upon restriction to cash deal-is only too easy to do mischief by ings the market steadied. No boom working upon depreased mentality. Eagl Karenko, Kaz occurred, but a definite healthy re- I strongly appeal to the Chanéel- Halong. Hanto, Shicchi, Talaha, Talaan action to a better level. Upon this lor of the Exchequer and to the Takao, Tamuzi, Toen, Heito, Tatto OHINA-Bhanghals Hakow, ADY. Foodbow, certain Interests cried out for the committee of the London Stock and

Bwakow, Canton. OTHERS-Hong Kong, Bingapor, Boarabaya, removal of restrictions, asserting other Exchanges to take Brin action Bareng Batavia, Bombay, London, that the result would be better in a matter which so nearly con- business and higher prices. cerns the welfare, not of the nation]

Incorporated by Special Imperial Charter, 1899.

Conical Bank in Formosa. Dash-Note sued Average amount I, 15,000,000 DRANCHES AND AGENCIES: JAPAN:-Tayo, Yokohama, Kobe, Osaka, FORMOSA-

York, Dairen

LONDON BANKEDS: Barclays Bank, Ltd., Lloyds Bank, Ltd.. Midland Bank, Ltd.. Wostnilaster Band, Ltd.

3. On November 16 the restric- alone, but of all mankind. As I tlon was removed, and fortnightly need hardly add, cash dealings pre- The Bank has Corpondsols in all the principal accounts were resumed. On that vent both bulls and bears, leaving very day prices broke again, and prices to be determined by genuine since then the markets have been purchases and sales."

Commercial Castres throughout the world,

INC.

Head Office:~65, Broadway, New York.

E, NAGURA,

Manigor.

Reorganise October 26, 1928, under

Capital

HONG KONG BRANCH

, Dos Var Road Central. Hong Kong. December 2, 1801.

special charter of The National Gov. ernment as 27

Surplus

Reservea

INTERNATIONAL EXCHANGE

BANK,

Subscribed Capital .$25,000,000.00

Pald-Up Capital

Reserve Funds

Athena

.U.S.$6,000,000 .U.S.$1,572,464 ..U.S.$1,008,209

BLANCHES-

Amsterdam Antwerp

$24,710,200.00

Goste Glasgow Havana

Filos

Naylo

First

Beala

....$ 3,820,503.82

Barkin

Banita

Bombay

Be Brussels

11ataburg Havre Interlaken Jerusalam Lido

London

Buenos Aires

Liverpool

Cairo

Luserhe

Lugano

Luxor Marelles

HEAD OFFICE; SHANGHAL

HONG KONG BRANCH;

4, Queen's Road Central

Owing to our numerona 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.

Caletta denote Colombo Constantinople Monte Carlo

Copenhage Edinburgh Florence Genova

Maalim Musish Montreux

Mil

Faris Penangi Faking Palaro Hotterdam Rome

Biesbol

Shanghal Bouthampion Slupspore 8. Morita Toubein Vie Varico Yokohama Zurich

Branches of American Express Com We also handle the issue of Bonds pany in Principal cities of United and other Public Fands 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.

All classes of Commercial Banking Transactions undertaken.

Ретлода

handled,

investment

accounta

The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters 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 118,200,000

Head Office:-YOKOHAMA.

Branches and Agencien at

Alexandria

Batavia Berlin

Bombay

Calentta Canton

Changchun

Dairen (Dalny)

Nagasaki

Nagoya

Newchwang

New York OSAKE

Mangtien (Mukden). Rio de Janeiro

Hamburg

Hankow

Harbin

Hong Kong

Honolulu

Rd-Yuen

Karnebli.

Londan

Los Aireles

Mazila

allowed

Shangha

San Francisco. Seattle Semarang

E. W. DUGGAN,

Manager.

PHOTO-SUPPLIES

Kodaks and Camersa.

Films, Plates and Papers, etc. Developing, Printing and Enlarging

ZIESS and BUSCH FIELD GLASSES.

ALEXANDER INSTITUT-

DE BEAUTE

Phone 25169. Pedder Building (1st Floor)

Opposite Entrance to Hong Kong Hotel.

RADIO

TO-DAY'S PROGRAMME.

The following programme will be broadcast 'to-day, from the Hong (Kong Broadcasting Station Z.B.W. on a wavelengh of 355 metres:- 5-5.30 p.m.-Children's Concert. The Doings of Dismal Deamond

(Grey),

Billie Grey, Charles Penrose & Company (4581-3), 6.30-5.57 pm--Musical Comedy. The Windmill Man-Selection,

Court Symphony Orchestra (8526).

The Three Bears (Eric Coates),

Plaza Theatre Orchestra (9409). Nights of Fragrance (Ziehrer), Vienna Maidens (Ziehror),

Now Concert Orchestra (9506).

6.51-8 p.m.-REQUEST ITEMS. 6.61-7.30 p.m.-Talkie Tunes: Follow Through---Vocal Gems,

Columble Light Opera Co. (9784). Livin' In the Sanlight Lovin' in the

Moonlight, You Brought a New Kind of Love

to Me,

Maurice Chevaller (Baritone) (Victor 22406). Boat Ol' Man Elvery!

Norris Smith & the Mississippi Leslie Henson and Sydney Show Boat-Vocal Gems,

Chorus. Howard.

Lustrous Oll Permanent Hair Wave which are Large, Boft and Natural, Artistle Finger and Marcel Waren, Oli Freatment, Shampooing, Reena Pack Funny Face--A Few Drinks, (any colour), Hair Cutting and Maxi- cure for Ladies and Gentlemen. Con.

selantions, Artistle Work by European Fanny Face-Tell the Doc., Expert, Mr. Alexander,

CHARGES MODERATE.

A VISIT WILL CONVINCE YOU.

RECIABLE PRINTING

no order duo sinäll

„TIGE... NEVERPAPER - ENTERPRISE LTD. ERIKA MAIN MENU] <= (BA WYKDOM IT:

Leslie Herson and Male Quartette (9592), The House That Jack Built-

- Selection,

Ray Starita & His Ambas sadors Band (9915),

· 5.57-6.51 ·p.m-Orchestral, The Damask Rose-Selection

(Chopin & Clutsam),

Court Symphony Orchestra (DX24).

Pique Dame--Overture (Suppe),

The Chorus

Bitter Sweet-Vocal Gems,

Columbia Light Opera Co. (9900). 7.30-8 pm-Hawaiian Music. One, Two, Three, Four,

Hawaiian Instrumental Quintet MEDIA (G8508)... Smiling Eyes, Hawaiian Love Bird,

King Nawabi's Hawaiian

(08291). Bir Dan Godfrey conducting King's Serenade, the Bournemouth Municipal That Aloha Waltz,

Orchestra (9(98);- Scenes Pittoresques (Massenet),

POP-Putting It Baldly.

HOW DID YOU

YOUR HAIR

WORRYING!

Hawaiian Hoans Orchestra (DB99).

(Continued in next Column.)

Orchestre Symphonique de An Old Italian Love Song

Paris (9491-2).

D'YOU ORRY

ABOUT?

LOSING

HAR

BUSINESS

ATTRACTIVE TAILORING

The Latest In Gentlemen's Outfting

AT PRICES TO SUIT ANY PURSE.

PERFECT FIT

AND RELIABLE BUITINGA.

WING HING CO.

Gentlemen's

- Ontattarm

64, Queen's Bd. C. TEL 21417..

Very Nice Woollen Materials

For

Making Ladies DRESSES

OVERCOATS Also FURS & SILK HOSIERY Export Tailoring Department. LEE MOW

Chinese Silk Holery Store No. 1, 'D'Aguilar Street

DENTISTS.

HARRY FONG, Dentist,

1st floor, No. 74, Queen's Boxd

Central. Tel. 21255.

TANG YUK, Dentist. Successors to

the late SIEN TING, 14. D'Agullar Street.

TERMS VERY MODERATE Comunitation. Free.

ENGINEERS & SHIPBUILDERS.

W. 8. BAILEY & CO., LTD. New Work & Repairs. Call Flag "I" Kowloon Bay.

Sole Agents for Kelvin Motorn.

AN INTRODUCTORY HISTORY

by A. H. CHOOKE, QBE, MA. W. KAY, MA.

W. L.HANDYSIDE, MA, B.S

PRICE $2.00.

- NOW ON SALE AT THE

PUBLISHERS.

The

Newspaper Enterprise Ltd.

Ching Mall Officem

In the Moonlight,

Lim Mord & His Hawaian Singers (MRZS).

8 p.m.-Local Time. 8.03-10.30 p.m-Chinese Studio Concert.

10,33 pmCless Down.

All records in the above Euro- pean programmes are kindly, sup plied by the Anderson Music Co. with the exception of the Victor record, which is supplied by Messrs. S. Moutrie & Co.

(118

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