BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
-Authored Capti|50,000,000 Ived and Fully Paid up 20,000,000 Resive Funda tem
Sharing
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON.
THE NO HONG BANK, LTD.
- (Established 1917.) HEAD OFFICE SINGAPORE. Hong Kong Branch: 13, Queen's Rd. C.
of Shareholders
Surplus
Siler
$10,000,000
Blowers Liability of Propristaes ... $20,000,000
HEAD OFFICE: LONG KONG.
BOARD OF DIRECTORS |--
Non. Mr. C. (1. 8, Mashla Chrisman.
Hou. Mr. J. J. Paterson. Deputy Chaleman.
A. I. Compton, Esq.
W. I, Bali, Esq.
. Niskin, Paq
I.
. l'earn, targo
XMOT
BANGKOK
BATAVIA
BOMBAY
CALCUTTA
J. & Plummer, Eng.
T. H. R. Shaw, Eng.
J. F. Warren, Log.
Chin! Manager.
V. B. Graybaru, Eaq.
-
DRANOKES 1
LONDON
Authorised Capital Straits $20,000,000 Issued Capital ....
8,000,000
Paid-up Capital ...
4,000,000
Beserve Liabilities
4,000,000
2,687,000
Paid-up Capital
Reserve Fund...... Reserve Liablilty of Pro-
prietors
..£9,000,000 £4,000,000
.£8,000,000
Branches, Agencies and Correspon- dents in the principal cities of the world.
Agencies and Branches:
ALOB BIAN
AMRITSAR
KUCHING
MADHAS
JANUKOK BATAVIA BOMBAY CALCUTTA CANTON CAWN PORN
CKNO
COLUMBO DAHUEN
DELUI
HAIPHONG
MANILA
MEDAN
NEW YORK
PEPINO (Peking) PENAND DANGOON
BAJUON
SEMARANG
SEBENHAN
RUANGHAI
XINGPORE
SITIAWAN
SOBRABAYA
TAIPING
TIENTHIN
HAXBURG
HANKOW
LYONG
HARBIN
MALACCA
HONG KONGO
ILOILO
MANILA
LPON
TOKYO
MUAB (Tubun)
KARACHI
TONGKAT (Bhukat)
CANTON
MUEDES
KLAND
TEINOVAO
MODE
YOKOHAMA
ENE700
NEW YORK
KUALA KASOSAH
ZAMBOANGA
EXO 110
PRIPING
KUALA LUMPUR
ЛАЗПЕН
уросу
KASUVON
RAIPRONO
SAIGON
ILAMBURG HANROW HARBIN
SHANDRAI
NINO APBRE
DNOKEW
SOURA YA
NDILO
JOLLORE
KOBE
PENANG
XAN FRANCISCO
SUNURI PATANI
TIESTHIN
TOKYO
TRINOZAO
KOWLOON
KUALA LUMPUR
YOKOHAMA
Current Accounts ojaonde Lonal Curronty and Yi Dapele erived for one your or shorter periods in Local Currency and Sterling on terms which will be quoted on application. Hong Kong, December 7, 125A.
HONG KONG SAVINGS BANK.
The Bustice of the aborn Dank la cocausted
by the HONG KONG AND KILANOBAI DANE. ING CORPORATION. Hules may be ablsized on application.
PR THE HONGKONG AND SHANGHAI BANKING CORPORATION,
F. N. GRAYBURN,
Chist Manager,
Jang Kong. Bà July, 14.
THE BANK OF CANTON, LTD.
Established 1912
Head Office:-Hong Kong,
Aalborined Capital (17.5. Garrenty) ...$11,000,000 ............ 8.065.000 1,100,000
Pild-Up Capliki pa
Barri Fund
DRANCIES ---
Color, Shanghai, Hankow, Restow, Bangkok, New York and San Francisco.
LONDON BANKERS
The Lloyd' Bank, Limited.
CORRESPONDENTS
In all prinsipal oltin of the World.
Facelgo Einhange sad banking bumsen of
rory opties iraniected
Bale Deport ScreeĮvarious pizza) ná a počty
enial of from $5 to dat
LOOK POONG SEAN,
Chief Manager.
THE BANK OF CHINA.
行銀國中
INTERNATIONAL EXCHANGE
Subscribed Capital.....$25,000,000,00
Foreign Exchange and Banking business transacted.
Every description of Banking and Exchange business transacted.
TAN ENG HOOL
Manager.
THE NATIONAL CITY BANK OF NEW YORK.
HEAD OFFICE: 55, Wall Street, NEW YORK.
FRIDAY, FEBRUARY 5, 1932,
FURTHER
THE
CHINA
MAIL.
Commerce
Finance
and
IN
OBSOLETE
IN
Capital, Surplus and
Undivided Profita..U.S.$226,037,393
Branches in:-
ARGENTINE
BELGIUM
BRAZIL
LONDON
MEXICO
PANAMA
PHILIPPINE
PERU
ISLANDS
PLANT FACTORIES
PROPOSAL TO SCRAP EXCESS COTTON SPINDLES.
Ambitious Scheme.
The joint Committee of Cotton anyone be forced to sell a single Trade Organisations has an ambl-machine, ' tious scheme afoot to scrap all the Many firms whose machinery is are doing redundant and, obsolete plant and deemed to be obsolete machinery in the cotton industry fairly well and feel that if they: It is proposed to place a levy on were bought out of the trade by! or "compensation" they should be al- all the machines (spindles looms) for firms which desire to lowed to partake in any eventual profits made possible by their run such machinery.
The Lancashire cotton industry "sacrifice" to the firma left in the has many more spindles than it will industry.
It is not proposed to allow the need during the coming few years, and from the capital moneys ralaed Committee to prevent the entry of upon security of the proceeds of new irme into the industry, or the; such levy, the Joint Committee pro- erection of new plant by existing poses to buy up and scrap this ex-firms, but it is felt that such firms cese and often old-fashioned plant. must bear a fair share of the cost Commercial and Travellors' Letters In cases of large firms, the levy of the echeme by paying a levy on of Credits, Travellers Cheques, Bills will be a very considerable amount, their machinery not exceeding the of Exchange and Cable Transfers bought and sold. Current accounts but the capital value of all the total levies which would have been and Savings Bank accounta opened mills left in the industry would be paid if the plant had been in exist- and Fixed Deposits in local and for considerably enhanced.
ence from the beginning of the eign currencies taken at rates that
The scheme is criticized in some scheme. may be ascertained on application to
quarters on the ground that the the Bank.
General D
Current Accounts spened 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 BODIETY
DANKETA.
Established 1894.
Dung Boog Oos-11, Queen's Fload Central.
Authorised Capital - Quilders 159,900,000- Fald-Up Capital Guilders 80,000,000. Reserve Fund
Culiders 10,018,000.
Djok
Head OfBon-AMSTERDAM*. Festern Head O-BATAVIA. Benncia --Band)ormasin, Baddoong". Bombay.
Calousta, Chartbon, Deber, jakarta". The liaque"; "Jiddal, Köba, Makassar, Moden, Falambang, Joogan, Panang, Rangoon, Rotterdam, Semarang, Shanghai, Slogapore, Bor bala, Boarabarta (Solo), Tigal, Tjilatjap and Weltevrodan“,
• Theme offres have Safe Deposit Boxse to Ist.
LONDON BANKERS:--
NATIONAL PROVINCIAL BANK LTD.
Dorrespondente il gror the world. Desking, Bual- s of Avary description crassented.
A. STOKKINK,
Kong Boug, at December, 1931.
THE
Manager.
AMERICAN EXPRESS COMPANY. INC.
Head Office:-65, Broadway, Now York.
.U.S.$5,000,000- U.S.$1,672,4b6
. U.S.$1,908,209
BRANCHES:
Reorganised October 26, 1928, under
Capital
special charter of The National Gov- ernment as an
Surplus
Beserves
BANK.
Amsterdam
Oso
AD
Glasgow
$100 Naglas
Paid-Up Capital
.$24,710,200.00
Aube
Boale
Reserve Fonds
.$ 8,820,503.82
Berlin
Darrila
Bombay
Bremen
Bromela
Havana Hamburg Botto Interlaken Jornalen Lido Lendog
1'roun Parta Poong
Bustos Aires
Colra
Liverpool Laverne Lugano
Lune Marulian
HEAD OFFICE: SHANGHAI,
HONG KONG BRANCH:
4. Queen's Road Central,
Owing to our numerous branches in Ghion 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.
Calouste Cannes Calocaba
Constantinopla Monte Carle
Copenhage Edinburgh Flaredos Gepeya
Kaalis
Munich
Montreux
Peking Priemo Rotterdam Boine
Stamboul
Shanghai Bourbamplon Singapore St. Morits
Nontain
Vienna
Venice Tokohama Zurich
Branches of American Express Com-
We also handle the issue of Bondspany in Principal cities of United and other Public Funds of the Chin-States of America and Canada. eno Government both
abroad
at home and
SHOU J. CHEN,
Manager.
All classes of Commercial Banking Transactions undertaken.
investment accounts
Hong Kong, 6th March, 1931.
THE YOKOHAMA SPECIE BANK, LIMITED.
Established 1880.
Ретлода1 handled
The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and, In addition, the world-wide services of it thoroughly equipped Travel
Capital (fully paid-up) Yen 100,000,600 | Department. Bonorve Fund ...Yen 116,200,000
Head Offices-YOKOHAMA. Branches and Agención at:
Alexandria
Batavia
Bombay,
Canton
Tarbia
Nagasaki
Nagoya
Nowchwang
New York
Osaka
Pash
Palping
San Francisco
Seattle
Congchan
Dairen (Dalny) "Rangoon Fengtien (Mukden) Rio de Janeiro
Hong Kong Honelalu
Kai-Yuen
Karachi
Köbe
London
Los Angeles
Manila
Semarang
Shanghal Shimonok
Tieftain
Tokyo
Teinigtau
Interost allowed on Current
Deposita recalved for fixéd
rates to be obtained on application.
H. MOBI
Hong Kong, 11th Raptamber, 1982
THE
E. W. DUGGAN,
Manager.
CHILE CHINA COLOMBIA CUBA DOMINICAN REPUBLIC
INDIA
ITALY JAPAN
PORTO RICO STRAITS
SETTLEMENTS
URUGUAY
VENEZUELA
The subject is full of difficulties,
We are also able to offer our Cus-Committee will only have power to but it is regarded as an honest at tomers the services of the Branches impose the levy, no firm can be tempt to solve the present situa- of the International Banking Cor- compulsorily wound
up, nor can tion. poration la San Francisco and Spain and also of The National City Bank of New York (France), S.A.. Paris and Nice.
F. McD. COURTNEY,
Manager. Hong Kong, June 16, 1931.
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)
HEAD OFFICE:-Taipeh, Formosa.
Incorporated by Special Imperial Charter, 1899.
Central Bank la Formos.
BRANCHES AND ADENCIER:
SHARE MARKET.
Weekly Reports by Brokers.
G. A. HARRIMAN.
Hong Kong, February 5. Mr. G. A. Harriman's weekly share report and market review issued at noon, states:-
The market has again been rather Bank-Notes itsund Average amount ..You. 45,000,000 quiet chiefly on account of the politi- cal situation in the North and prices FORMOSA-Giren, Kagi, Karenko, "Koelung, in some sections of the market were Mekong, Nanto, Shiachiku, Taichu, Tainclined to ease. In the speculative Tateo, Tamui, Toon, Histo, Taito. OIUINA :—Shanghai," Hankow, Amoy, Fooehow, investment Section Cements were
JAPAN --Toyko, Yokohama, Kobe, Drake,
Bwatow, Cantan.
OTHERS-Hong Kong. Blagapore, Soerabaya, done at $17.50 to $17.76 and Lights Romerang, Batavia, Bombay, London, New at $24.85. In the investment sec- York, Buizon.
LONDON BANKERS:
Barclays Bank, Ltd., Lloyds Bank, Ltd., Milland Bank, Ltd., Westminster Renk, Ltd.
situation in Shanghai business has practically been at a standstill. In view of this, the rates are in most cases nominal.
We may however add that buyers can be found for anything offering at bargain rates and we feel that whatever may be picked up of this. nature will eventually show a good) profit to the holder.
Exchange:-To-day's rate of Exchange T.T. on London is 1/5 and on Shanghai 7634.
Forward Settlement Days:- February 26 and March 22, 1992.
SOVIET RAILWAY TRAFFIC.
Moscow, Jan. 19. During the last year 254,000,000 tion Trams were done in quantity tons of freight of all descriptions the Russian at $21.00. The sterling section was were carried over quiet with Banks and Union in railways, excluding the Chinese The Bank has Correspondeute in all the principal strong demand at $1,370 and $380 Eastern Railway, according to the official returns for 1931 published respectively, but no sellers were ap-
to-day. This amount representa parent any where near these rates. The lowering of rates during the an advance of 100 per cent. over past week was absolutely unjustifi- the last pre-war year. During the Home period 709,000,000 tickets able and actually quite uncalled for except perhaps in a few casco where were issued, which is four times the number of passengers carried Chinese holders were forced to liqul-
Cominerole Cautres throughout the world.
K NAGURA,
Mwanger.
HONG KONG BRANCH:
8, De Vaur Road Crotal. Jong Kong. Derember 24, 1941,
THE MERCANTILE BANK OF
INDIA, LTD.
HEAD OFFICE:
15. Gracechurch Straat, London, E.G..
£8,000,000 Subscribed Capital
1,800,000 Paid-up Capital ....... 1,050,000 Reserve Fund and Rest 1,880,845 BANKERS1
Authorised Capital
The Bank of England & Midland Dank, Ltd. GBANCHES:
Iyob Katachi
Kandy
Kola Bhar Hunia Kini
Bangkok
Jislavia.
Dombay
Calcutta
Columbo
Dell
Kuala Lipia
Dallo
Kuala Lumpur
Howrah
New York
Репо
Port Loula
(Mauritian) Ilangoon Shanghai Simla
Kuautan (Pabang) Singapore
Бондавора Madne
HUND KONG BRANCH.
Kvary description al Banking and Exchange bust
De reacted,
takan.
date their accounts for Chinese New in 1913.-Trans-Ocean Kuomin Year.
At the close of the week the outlook was decidedly better on ac- count of the reopening of the native Banks in Shanghai and any nervous tendency on the part of holders was entirely dispelled. The tone of the market is steady.
Banks-Hong Kong and Shang- hai Banks were put through at |$1410/20. Bank of East Asias had sellers at $125.
Insurances. Unions were on offer at $400. China Underwriters de- clined to a selling rate of $4.10.
Shipping Douglases could be placed at $24.
Mining-Benguets had enquiries
Travallem Choques (aqued. Trustee and Executorships under- at $11.75.
INTEREST allowed da Fixed Dapoule at Balan that may be sucuriin on application.
C. L SANDES,
Current Account and
7, quoen Road Central.
Hoag Epng, 29th April, 1981.
Manage
Bring Your PRINTING Problems to Us
THE NEWSPAPER ENTERPRISE LTD.
LA WYRDIAN F.
MIDLA MAIL BLDG.
Docks, Wharves and Godowns Hong Kong and Kowloon Wharves wore done at $149 and more shares were wanted at $148. Providenia were easier with sellers at $5 for the old shares and $2.40 for the new. Hotels and Real Estate.-Hong Kong and Shanghai Hotels (old) changed hands at $14.50 at the out- set, but weakened a great deal at the close Hong Kong Lands eased off slightly with buyers at $78, Hong Kong Realties were much easier with shares offering at $11.10..
Cotton Mills.--Ewos were on the quiet side with some business odne at Tls. 15.60.
Public Utilities-Trains were put
BANK OF EAST ASIA, LTD. through at $21/214. Star Ferries
Established 1918.
HEAD OFFICE:
10, Des Voeux Road; Centirat HONG KONG
Capital and Surplus Total Resources
over HS 8,000,000.00 over. H.$20,000,000.00
Every description of Banking and Exchange business transacted,
Current and Fixed Deponit: Accóbuts in local and for- eign currencies opened for clients
Sarings Account and Safe Deposit Boxe
Branches and Agenor all over the worldia.
KAN TONG PO,
Chief Manager.
remained nominal at $101. Yaumati Ferries were in demand at $27.25. China Lights (cum rights) had sell- ers at $25 Electrics could be placed at $77.
Miscellaneous Cements were transacted at $17/17%. Consrtac- tions (new) were wanted at $1.90. Sinceres remained stendy at $18. Forward Settlement Days, February, 26 March 22 and April
126,
CARBOLL BROS.
Hong Lo
We have little to report
as owing to the present serious
REDUCTION
CIGARETTE PRICES
JOHN D. HUTCHISON & CO., as Agents for MESSRS, GODFREY PHILLIPS, LTD., LONDON, and associated companies, have been authorised by their principals to make a further reduction in the retail prices of the following brands of Cigarettes:---
Phillips' Goldflake.
"
per packet
of 10
per tin
of 10
12 cents 60 cents
60
>>
罪
75
"
Preference) 15
*
75
39
10
55
"
Sealord (Navy Cut) 12 15 Army Club A.I.P. (Abdulla Imperial
Via Bama
At the
Hong Kong Hotel
In the
ROOF
GARDEN
TEA DANCES
EVERY. WEEK-DAY AFTERNOON by
Wednesdays & Saturdays
4.30 to 6.30 p.m. Other days
5 to 7
INCLUSIVE CHARGE
FOR TEA & DANCING
$1.00.
DINNER DANCES
During and after Dinner
NIGHTLY
1
Till 12 Midnight
Mondays to Saturdays.
In the
NEW GRILL & BALL ROOM.
The Hong Kong & Shanghai Hotels, Ltd.
CHROMIUM PLATING
We have now installed the
Latest Equipment
for
ELECTRO-PLATING
MOTOR CAR FITTINGS HOUSEHOLD ARTICLES SURGICAL & DENTAL INSTRUMENTS ELECTROTYPES ETC., ETC.
by the
NEW CHROMIUM PROCESS
Chromium will not rust, stein or wear and only requires wiping to restore its original brightness.
DODWELL & CO., LTD.
MACHINERY DEPARTMENT:
TEL 28028.