THE
INA MAIL,
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authrived Ospital
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON.
THE HO HONG BANK, LTD.
(Brtablished, 1917.)
HEAD OFFICE: SINGAPORE. Hong Kong Branch: 13, Queen's Ed. C.
Authorized Capital Straita $20,000,000 Issued Capital
Paid-up Capital
8,000,000
מלאו 4,000
Commerce and
Finance
WORKERS
Load and Pelly Pald-up
$60,000,000 30,000,600
Reserva Liabilities
of Shareholders
Surplus
$,000,000 2,687,000
THE THRIFT OF
THE
Eberling aktu korangethan Me
£8,500,000
Paid-up Capital Reserva Fund
Reserve Llability of Pro-
prietors
.£3,000,000 .£4,000,000 ..£3,000,000
Branches, Agencies and Correspon- dents in the principal cities of the world.
Agencies and Branches:
KUCHING
MADKAN
Barts Fund***
Burrs Lisbility of Proprietor $30,000,000 KRLD OFFICE: HONG KONG,
DOARD OF DIRECTORS :-
Hon. Mr. 0. G. 8. Mackis. Chairman.
joa. Me. 7. J. Paterson, Deputy Chaluma.
3. ▲. Plematar, Faq.
T. 11. I. Bat. Eng.
ALOR SI AN AMRITSAR DANOKOK.. BATAVIA BOMBAY CALCUTTA CANTON CAWNPORE CREU
MANILA
MEDAN
NEW YORK
'W. H. Ball, Esq.
A. 21. Campton, Esq.
a. Kiin, Esq.
J. P. Wiwa, Bag.
TPM Pearce, Esq.
AMOT
Chist Manager.
V. M. Graybura, Esq.
BRANCTIES:--
LUNDON
LYORK
MALACCA
MANILA
DA NORDR
BATAVIA BOMBAY CALCUTTA
CANTON
OFEPOO
NEW Yonk
CULOMBO
DAINEN FOOCHOW
HAIPHONG
NAMHUND
HANKOW
HARBIN
KUNGKEW
10110
TPOI
JOBURE
XQUE
KOWLOON
KUALA LUMPUR
MUAR (Johor)
MURDEN
TRIVING
PENANG
RANGDON
SAIOON
SAN FRANCIBĻO
SHANGHAI
BINGAPORE
HOLBABYA
TIENTAIN
TOKYO
HUNUEL PATANI
TXIBOTAO
YOEDHAMA
Obres Accounts opened is coal Currency and Fidel Depoalie meived for one you be shorter perioda in Local Cormery and Berling on terms which will be quased on application. Kong Kong, Dauber 7, 1931.
HONG KONG SAVINGS BANK.
The nine of the above Bank is nonduntad by the HONG KONG AND SHANGHAI BANK. ING COMPONATION. Rules may be obtained on application.
BOR THE HONGROND AND, AMANOMAI BANKING CORPORATION,
V.M GRAYBURN,
Chief Manager.
Hoap Hong, 19th July, 1990.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office: Hong Kong.
Authorised Capital (1.E. Current)
Fud-Up Capitāl
BRAKONES:-
$11,000,000
B564.000 1,100,000
Canton. Shengbei, Hankow, Swalow, Bangkok, New York and San Francisco.
LONDON HANKERS
The Lord's Bank, Limited. CORRESPONDENTS
In all locipal ollies of the World.
Foreign Exhange and becking botza of
desorption tenenaclad.
Bale Deposit Boxes (scious eluso) në à jourly
center of from 10 to $40.
LOOK POONG SHAN,
PEPING (Pking)
PENANG
RANGOOS
COLOMBO
BATOON
DAIREN.
KEMARANO
DELHI
SEREMBAN
HAIPHONG :
BHANUJIAI
HAMBURG
KINGPORE
FARROW
SITIAWAN
HARBIN
-HOURABAYA
DONG FONG
11,000
Troi
KARADII
KLANO
Konk
HUALA HANOSAB
BUALA LUMPUR
TAIMING
TIENT IN TOKYO
Every description of Banking and Exchange business transacted,
TAN ENG BOOL
Manager.
THE NATIONAL CITY BANK OF NEW YORK.
HEAD OFFICE: 55, Wall Street, NEW YORK.
Capital. Surplus and
Undivided Profits..U.S.$226,037,892
Branches int
TONGKAH (Phuket)
ARGENTINE BELGIUM BRAZIL
TRINOTAD
YOKOHAMA
ZAMBOANGA
Foreign Exchange and
Banking business transacted.
CHILE
General DA
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, 1931.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING ROCIETY.
DANKERS.
Established 1874,
Wong Rope Omon:-1), Queen's Road Captral.
Authorised Capital ............. Quilders 160,000,000 Pald-Up Capital Oullices 10,000.non. Resorts Purd...
Gulldren 10,018,000.
Elend (fon:-AMSTERDAM*, Eastern Hend (fos:-DATAVIA.
I
Bombay,
Hobo, Paka
Branche:Bandferansin, Bandung",
Calculia Cheriban. Djember, jakarta", Tha llegue', 'Jiddub. Messer, Medwa. Palautegi Long, Prong, Rangoon, Rotterdam", Bomarena, Shangha, Binpora, Soura bals, Sperakarta (Solo), Temal, Tilatiep
and Waitorreden”.
• These offices kara Balo Daposit Boxes to Lot.
LONDON BANKERS:-
NATIONAL PROVINCIAL BANK LTD.
Corrowpondasita asil over tos world, Barking Basi Dom of every description transacted.
A. BTUXKINK
Hong Kong, let December, 1991,
THE
Menager.
Chief Manager. AMERICAN EXPRESS COMPANY.
INC.
Head Office:-65, Broadway, New York.
THE BANK OF CHINA. 行銀國中
apecial charter of The National Gov- ernment as an
Capital
Surplus
BANK.
Reorganised October 26, 1928, under
INTERNATIONAL EXCHANGE
Subscribed Capital...$26,000,000.00
Pald-Up Capital
Reserve Funds
Reserves
منسبات
.U.S.$6,000,000 .U.S.$1,572,454
U.S.$1,908,209
BRANCHES:-
...$24,710,200.00
Amsterdam AALVOED
Ochow Glasgow
Atheas
.$ 8,820,509.82
Berla
•
Diarita
Dolby
Bremen
Hamburg farm Faloriake Jerusalem Lado
Brussels
Buenos Aires
Daire
HEAD OFFICE: SHANGHAL
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 ellents special facilities for domestic
exchanges and foreign banking and
We also handle the issue of Bonds
Ceilutta
CHILAS
London Liverpool Lunibe Lugano
Luxor Colombo Marsellos Constantinople Monte Carlo
Copenhagen
Klap
Hania Edinburgh Munich Floruss
Moniteut Genera
Nick
Napio Arun Parla
Роман
Paking Puteri.
Notveriam
Home
Stamboul
Shanghal Bouthampton Hugpoen Bt. Morita
Vlasus
Vassica Yokohama Zurkah
Branches of American Express Com- and other Public Funds of the Chin-pany in Principal elties of United
ese Government both at home and States of America and Canada. abroad.
SKOU J. CHEN,
Manager.
Hong Kong, 5th March, 1981.
All classes of Commercial Banking Transactions undertaken.
Personal investment sccounts
THE YOKOHAMA SPECIE BANK, handled.
LIMITED.
Established 1880..
Capital (fully paid-up) Yea 100,000,000 Reserve Fund ........Yen 116,200,000
Head Office-YOKOHAMA.
Branches and Agencies at: Alexandria
Nagasaki NAZOTA Newchwang
Osaka Partá
Batavia
Begin...
Hambay
Calcutta Canton
Changchun
Now
York
Peiping
Daires (Dalny) Rangoon
Fengtion (Mukden) Elo de Janeiro
S Hamburg
San Francisco
Bankow Harbin
D Hong Kon
Semaran Shang sa
Honolulu
-Los Angeles
Tsingtan Interest allowed on Current As Deposits received for fixed periods? at rates to be obtained, ba appienkon.
HMORL
Hong Kong 11th Sepben
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 Department.
E. W. DUGGAN,
Manager.
and Nice.
FRIENDLY SOCIETIES,
Increase in Funds and Membership.
capital reserves.
weakening of character..
Funds of $100,000,000. The friendly societies affiliated
FRIDAY, FEBRUARY 12, 1932,
AN INCOME TAX
STORY.
And A New Kind of Insurance.
THE YEAR WE LIVE IN.
Leap Year Means An Extra Day's Revenue.
It may be seasonable, but is it Whatever it brings, 1982 will be kind to ask, What is the best story one of the critical years of our his- tory, and in that respect makes a about the Income Tax? Lord Pass- very fitting centenary to 1832, when field should know a few, because the Reform Act created a new Eng- If only seven years before Philip Snowden land and opened a new era. entered the Excise, Sidney Webb this New Year does as wall by us, we shall be content, though it la an was an assistant surveyor of taxes. easier task to force a controversial Moreover, it was his chief who told Bill through the two Houses than
It is a remarkable tribute to the spending on social services. As a me the following experience, which to drag the country (and perhaps to doles from caused Somerset House to rock with the world) from the Slough of Des- pond. The great day in 1882 was thrift, of British workers that in a result, many look
the State instead of to personal ironic laughter at the time, writes was 7th of June, when the Reform year of acute industrial depression, effort, with a consequent serious a contributor to the Daily Tele- Act received the Royal Assent, By with over two millions continuously
graph.
the corresponding date we shall at unemployed, the voluntary friendly
The story begins with a railway! least have a fair idea how "happy"
this New Year is to be. societies should have succeeded in increasing their membership and with the National Conference have accident. On recovering from his' Otherwise, the '82's have made a voluntary membership of 7,342,- injuries, one of the passengers their fair share of history. The When, twenty years ago, Mr. 435 and their funds amount to
Then there are the claimed very heavy damages on the battle of Tours (732), which stem- Lloyd George introduced into Eng- £90,541,922. land the health insurance scheme, Holloway societies, the Ideal and a ground that, although physically med the march of Mohammedanism across Europe, was their most not- incapacitated able contribution; but for it we whereby all workers from sixteen large number of county and local well again, he was years of age and upwards were com- friendly societies, which bring the from following his business, which, might all be followers of the Pro- PORTO RICO STRAITS
pulsorily insured against sickness aggregate voluntary membership to
Patrick in Ireland (492) might or SETTLEMENTS and disablement, it was predicted 10,000,000 and the funds to £100,- he alleged, meant a loss of £3,000 phet to-day. The arrival of St. URUGUAY
that the days of the voluntary 000,000,
might not have had its influence on were numbered. The friendly societies are doing friendly societies
The company fought the claim, that
conditional proselytisation.
LONDON
MEXICO
PANAMA PERT
PHILIPPINE ISLANDS
VENEZUELA
Manager.
a year.
Then the
humble
Good Augury.
In one respect the '32's
are of
CHINA COLOMBIA CUBA DOMINICAN REPUBLIC INDIA ITALY JAPAN
Commercial and Travellers' Letters: It says much for the spirit of self- a substantial service to their mem- of Gredits, Travellers' Cheques, Bills dependence and self-respect which bers in health as well as in sickness, as their inquiries seemed to prove There are so many Ifa in history.
premises of Exchange and Cable Transfers animates British workers that the An increasing number of young that, from the bought and sold. Current accounts friendly scoletles
are stronger to-members are being encouraged to which the plaintiff occupied, this good augury, for 1582 is noted as and Savings Bank accounts opened
was impossible. In the year of the "revival of hus- and Fixed Deposits in local and for- day, both in members and capital, become their own house owners by large income
loans on mortgage. Of the accum addition, it came Dut in cross-bandry in England." If the date taken at rates that than they were then. eign currencies
In 1011 the Manchester Unity of lated fands of friendly societies, examination may be ascertained on application to
that his business fulls its wider promise we shall not the Bunk.
Odd-fellows had a membership of about £60,000,000 has been advance ledgers obviously had been destroy-be particular about the apricut, We are also able to offer our Cus- 350,588 and capital reserves of ed to the members on mortgage ed.
which came to Britain the same tomers the services of the Branches of the International Banking Cor- £13,267,526; to-day the membership loans, and as the advances are re-
Yet he persisted on oath that, year, after a first devious jour- poration in San Francisco and Spain is 1,117.197 and thecapital reserves paid by instalments there is a re-in spite of all these damaging facts, nay from China. The word first and also of The National City Bank reach £25,083,443: In 1911
thegular flow of money available for he had been earning £3,000 a year. appeared in English as "apricock," of New York (France), S.A., in Paris membership of the Hearts of Oak loans to other members. The re-
fand it A Trump Card.
was with "apricocks and dawberries" that Titania bade her F. McD. COURTNEY,
Benefit Society was 304,599 and the maining £50,000,000 is invested in capital £4,079,484; to-day the mein Government stocks and Municipal;
company'a counsel fairies feed the unresponsive Bot- Hong Kong, June 16, 1931.
bership is 462,206 and the capital loans. As the interest income earn thought of a trump card, and, after tom. In spite of the climatic draw- ed 5 per cent, while the tables of the necessary official procedure, the back, the fruit must have establish- It is unfortunately true that contributions and benefits are ac-local surveyor of taxes was put intoled itself in popular favour during. THE BANK OF TAIWAN, LTD. | those English qualition of self-tuarially framed on a 3 or 4 per the box. Counsel, cure of victory, the half-century.
dependence have been weakened cent. basis, there is a margin mak-examined the surveyor, and blandly (TAIWAN GINKO.)
In addition to its other respon- to some extent, and in many in-ing for surpluses and possibly addi-asked him to state the amount sibilities, 1932 is a Leap Year: a stances destroyed by lavish State tional benefits.
which the plaintiff had returned as point which will help the Budget, his income for assessment.
for it means an extra day's revenue To the consternation of everybody for the Treasury, as well as an in court (including the jury), the extra day's work without extra pay the proofs in his for the salaried classes. It also Burveyor, with hand, answered: "Three thousand offers a new form of sport to those pounda!" Moreover, he went on to who care to chase that rarest of say, on being pressed, "And he re- rare birds, February 30, which is turned this amount in the previous only to be caught by those crossing year."
the Atlantic at midnight on Febru- Without leaving the box, the jury ary 29. But the Atlantic voyage is A discussion upon what is wrongį returned a verdict for this astute not no popular as it was. with American business
the and prescient person, who had used It will be a year of testing, maybe means that should be taken to recti-income tax, when it was only a few of upheaval. There are to be gen- fy it is contributed by Mr. Stuart pence in the pound, as a highly eral elections in the Irish Free speculative form of accident insur-State, France, Germany, United The ance.
HEAD OFFICE-Taipeh, Formosa.
Incorporated by Special Imperial Charter, 1899.
Central Bank in Porthose.
Bank Not everd Average amount ...Yen, 44,000,0
BRANCHES AND AGENCIES: JAPAN :-Topko, Yokolama, Kabe, Gauks. FORMOSA-Glan, Kagi, Enenko,
£11,200,000,
*
EXCHANGES.
TO-DAY'S QUOTATIONS.
On London—
Kreluna, Bank, wire
1/5 ... 1/5 1/16
Makong, Nanto, Shinchiku, Taichu Toluen Bank, on demand Takao, Temui. Toon. Heito, Taito, OIHINA-Shanghai, lankow. imoy. Prochow, Bank, 4 months' sight 1/5 3/16
Swator, Caion.
OTHERS-Iong Rong Singapore, Soerabaya, Credits, 4
Semarang, Bataria, Bombay, Landes, New York, Defren.
LONDON BANKERS:
Diezelays Bank, Lid., Lloyds Bank, Lid.. Midland Bank, Lid., Westminster Bauk, Lid.
The Bank has Correspondents. In all the principal; Commercial Centres roughout the world..
K. NAGURA,
VICTOR RADIO
UNEMPLOYMENT IN AMERICA.
The Nemesis of American Business.
Chase in his latest look.
and
Nemesis of American Business":
(George Allen and Unwin, 78. 6d.). HUMPHREYS ESTATE & FINANCE Cer in practical measures to dimin-
unemployment are suggested
Mr. Chase would have engineers
months'
sight
Documentary.
1/6 4
months' sight
Un Parle On demand
1/6 %
616
Credits 4 months'
sight
670
Manager
MOND KONU BRANCH:
Un Berlino
5. Den Voux Road Central. Hong Kong. Donember 24, 1901.
On demand
Nom.
On New York
On demand
24%
Credits, 60 days' sight 25%
ish
On Bombay-
Wire
93%
On demand
99%
On Calcutta--
Wire
93%
On demand
93%
On Singapor®---
On demand
60
On Manila-
On demand
48
On Shanghai-
On demand
T75
Dollar
Par.
On Yokohama—
upon overproduction. In regard to the latter, he declares that "the only final way out lies through planned production."
On demand
682
Sovereigna (Bank's
buying rate)
1/6
Silver (per ez.)
19 5/16
Bar Silver in Hong
Kong
Nom.
Copper Cash
Nom.
1% prem
SERVICE STATION.
All types of Radios, Electric Gramophones, etc., can be repaired by our RADIO EXPERT and AMPLIFICATION ENGINEER
at
TSANG FOOK PIANO COMPANY.
8, Des Voeux Road, Central. (Entrance Ice House Street) Telephone 24648.
THE BANK OF EAST ASIA, LTD.
Established 1918.
HEAD OFFICE;
10, Des Voeux Road, Central. HONG KONG
Capital and 'Surplus
Over H$ 8,000,000.00 Total Resource ............... Over H$30,000,000.08.
Every description of Binking and Exchadge busİNCAK :) transacted.
Current and Fixed Deposit Accounts in local and for eign currencies opened for clients,
Savings Account and Bars Deposit Boxes. Branches and Agencies...all over the world “
KAN TONG PO,
Copper Cants
Rate of Native In-
treat
8% D.B. Chinese Sub, Coin .. 28% dis. Hong Kong Sub. Coin Par.
LONDON EXCHANGES
Parla New York
Montreal
Brussels
Geneva Amsterdam Milan Berlin Stockholm Copenhagen
Ragby, Yesterday,
871⁄4 R.434 3,06
24 9/16 17.6
4.58
66
14 7/16 17 13/14 18 3/16 18%
Osto Vienna
80.2
Prague
.116.
Helsingfors
2221⁄2
Montevideo
819
Madrid
43%
Lisbon
1094
Athens
2871
Buchare
БГТУ
-RLO
4,8/13
COMPANY, LIMITED,
sud means whereby men who are at The Directors will recommend present inid off at forty may be kept the following allocation of profits at work are put forward.
for the year ended December 31, 1931, at the forthcoming Annual he describes them as "philosopher Meeting of Shareholders. engineers"—rather than business Dividend of 8 per cent. men as directors of our economic and Bonus of 4 per destinies. He shows how great
cent. on 150,000 old shares cities might be rendered more fit for hmuan habitation and discourses Dividend of 8 per cent. and Bonus of 4 per cent. on 50,000 new shares ranking for dividend as from May 1, 1931
This American author writes in racy style and condemns whole-Transfer to Rebuilding heartedly the many phases of United) Reserve States life which fall within his Carry Forward line of censure.
"STIFLING INDUSTRIES.”
Sir J. Lithgow Accepts Trade Union Challenge.
Trades anlon officials in the Clyde shipbuilding and engineer- ing industries have asked, Sli James' Lithgow, the skipbuilder, to substantiate or withdraw a state: ment which he is reported to have made at a recent dinner that the unions, by their interference, had stiffed these industries in Scotand, and Sir James has accepted their offer to arrange a meeting.
Sir James, In his letter accept- ing the offer, denied, that he had deliberately attacked the trades unions operating in the shipbuild- ing and engineering trades.
"What I actually said," he wrote, "regarding the attitude of labour in the matter of the pre- sont special depression and the hopes of future Industrial revival In Scotland, I said, with a full sense of responsibility Tbelleve the future of Scotland ~ as an in- dustrial country, is largely bound 2/--11/16-up with this question, and I am 195/16 therefore very pleased to note that 19% your committee has taken my, re- British Wireless Service. marks, so seriously,
Shanghat Hồng Kông Yokohama
Bilver Spot
Chlef Manager.
Silver Forward
89% 1/69/64
1/10 % 1/5/5/16
.$180,000.00
States, and Japan; and after some of them it can hardly be quite the same world. A cause of disquiet is that one side of it seems to be picking up the elements of econo-, mie more rapidly than the other. HONG KONG HEIGHTS
For the information of visitors the following list of some of the highest points on the Island and Mainland is published:-
Island.
Victoria Peak Signal Station
Feet.
1823
1774
Mt. Parker
1794
Mountain Lodge
1725
The Eyrie
1725
Peak Hotel
1305
40,000.00 Tafkos Sanatorium
1000
Mt. Davis
877
150,000.00 Bowen Road (Akerbeds)
59,924.89
297
Mainland.
·Feet.
Talmoshan $429,924.89 | Kowloon Park
8124
1971
K. FUJIYAMA
PHOTOGRAPHER
ANNOUNCES HIS REMOVAL
WYNDHAM STREET,
3rd floor