BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION,
Authorised Ospital
830,000,000
Lamed as Paily Paid-op 10,000,000 Gagarro Punda;-
Sting. £ 1,500,000
* $10,000,000
Besarro Liability of Proprietors - $30,000,065
HRAD OFFICE: HONG KONG,
DOARD OF DIRECTORS—
Bot. Mr. C. d. 6. Mackie, Chairman,
Hon, Mr. J. Paterson, Deputy ChaloLEZ,
W. H. Bell, Esq.
Q. Miskin, Reg.
. Compton, Esq.
ST. E. Pourne, Esq.
AMOT
BANGKOR BATAVIA BOMBAY
CALCUTTA
CANTON
CHEFOO
COLOMBO
DALDEN
POOCHOW
ПЛЕРПОМА
HAMBURG
HAKKOW
HARBIN
LONGKEW
ILOILO
EPOEL
TOHORE
KOBS
KOWLOON
I. A. Plummer. Esq.
T. II D. Baw, Eng,
J. P. Warrez, Esq.
Uhler Manager.
F. M. Breyer, Baq.
BRANCHES --
EVALA LUMPUR
LONDON
LTOWN
Маклова
MANILA
MUAR (Johor)
NORDEN
SEW TOKE
PEIPING
PENANG
BAYODON
SAIGON
SAN FRANCISCO
SANOMAT
HINCIA PORT
HUNORI PATANI
SOU BABYA
TIENTSCH
TOX TO
TSINOTAU
TOKOHAKA
Querent Arcoeste opened in Local Currency and Pland Deposita escaired for sua zone or shorter periods in Eool Ourrency and Seling at Merits which will be quoted on application. Hong Long, December 4, 1941.
HONG KONG SAVINGS BANK.
The Businon of the show Bank is conducted by the RONO KOND, AND REANGHAI RANK IND CORPORATION But may be obtained
on application.
FOR THE HONGKONG AND BHANGHAT BANKING CORPORATION,
V, M. GRAYDJAN,
Hong Kong. 18th July, 1980.
Chief Manager,
THE BANK OF CANTON, LTD.
Established 1912.
Head Ofice:-Hong Kong,
Authorland Capital (HK. Qurreany) --$11,000,000 8,005,900 1,100,000
P-Up Cap
Fund --
BLANCHES:-
Caxton, Shanghai, flaczkow,
Bukow
Bangkok, New York and San Fraoniaco.
LONDON BANKERS:—
The Lloyd's Bank, Zimited, CODERATONDANTS
Is all principal eliam of the World,
Foreign Brokango and banking bustness of wenty dancetpálos iransrotað.
Safe Deposis Baras"(Tarious time) að n yourly reale of
om 85 to $40.
LOOK POONG BHAN,
Chief Manager.
THE BANK OF CHINA. 行銀國中
Reorganised October 26, 1928, under
special charter of The National Gov-
INTERNATIONAL EXCHANGE
Subscribed Capital.....$25,000,000.00
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1859.
HEAD OFFICE: LONDON,
THE
THE HO HONG BANK, LTD.
`(Established 1917.) -
HEAD OFFICE:SINGAPORE. Hong Kong Branch: 13, Queen's Bd. G.
Authorised Capital Straits $80,000,000 Issued Capital ............ Paid-up Capital ...
Reserve Liabilities
of Shareholders Burplus ...、、、
W
8,000,000
4,000,000
4,000,000
2,587,000
Branches, Agencies and Correapon- dents in the principal cities of the world.
.53,000,000 $4,000,000
Every description of Banking and £3,000,000 | Exchange business transacted.
TAN ENG HOOL
Paid-up Capita!
Reserve Fund
Reserve Liability of
Pro-
prietors
Agencies and Branches:
ALOR STAR
AMBITHAB
KVOLLING
MADRAS
MANILA
MEDAN
BANOKOE BATAVIA BOKDAY
QALAUTTA
CANTON CAWNPORE
COLOMBO DAIBEX
DALNI
HAIPHONG
- HAMBURG
HANKOW
HARDIN
HONG KONG
ILOILO
IPGH
KABAOHI
KLANG
XOUR
KUALA KANGSAR
KUALA LUMPUR
NEW YORK
PEPING (Pag
PENANO BANGOON NAIOON
GEMARANO BERGHBAN BIKANQUILAK
BINOPORE
BITIAWAN
NOURABAYA
TAIPINO
TIENTSIK
TOITO
Manager
THE NATIONAL CITY BANK OF NEW YORK.
HEAD OFFICE: 55, Wall Street, NEW YORK.
Capital, Surplus and
Undivided Profits..U.S.$226,037,392 |
Branches ins
LONDON
MEXICO
PHILIPPINE
TONOKAH (Basket)
ARGENTINE
TRINGTAO
BELGIUM
ХОКОНАМА
ZAMBOANDA
BRAZIL
CHILE
PANAMA PERU
CHINA
Foreign Exchange and
General COLOMBIA
CUBA
TA
Banking business transacted.
ISLANDS
CHINA MAIL.
Commerce and Finance
BURMA CORPORATION,
LIMITED
WORLD CRISIS AFFECTS METAL.
Ore Reserves and Financial Strength Maintained.
PRICES AND REVENUE.
TUESDAY, FEBRUARY 23, 1932,
BELFAST LINEN MARKET REPORT.
For Fortnight Ending January 13, 1932,
Flax
Irish. Supplies are much below normal, due to the small sowing and some holders of old crop still hold- ing their flax for higher prices, De- mand has been fair, and all fax has been bought up at unchanged prices.
Courtrai-Supplies in this mar- ket are also smaller than usual at this period. The demand has been equal to the supplies, and there has been practically no change in value.
Latvian. The Government has now sold all their stock of old crop flax save a small balance of high! At the annual general meeting of it was not surprising, therefore, to arrive in bulk. Quality is well marka. The new crop is beginning Burma Corporation, Ltd., held in that the total revenue from the Rangoon some little while ago, Mr. sales of all products, including reported upon, but the first samples P. E. Marmion (vice chairman and metals on hand, was only £2,140,000, are only due here this week. Prices joint managing director), who pre-er £958,000 less than in the pro- firm. Navigation at Riga is still aided in the absence of the chair-vious year. By the man (Sir Robert Horne), said that which had been effected they had SETTLEMENTS unfortunately the financial result achieved a substantial success in are filling up slowly, but the sledge URUGUAY VENEZUELA
of the past year's operation reflect-sheltering their revenues from the roads are now established. Values JAPAN
ed in a most unwelcome manner full force of what had aptly been keep very steady. No bulk samples Commercial and Travellers' Letters the tremendous fall in price which described as of Credits, Travellers' Cheques, Bills metals, in common with all other card." The net profit, at £165,100, moderate, and there is a steady de-
the "economic bliz have arrived here yet.
Lithuanian. Supplies keep very Transfers commodities, had suffered, Current accounts
of £528,500, mand at full prices for all parcela
Current Accounts paned and Fix-, DOMINICAN ed Deposita recolved for one year or
REPUBLIC shorter perioda at rates which will be quoted on application.
J. STUART,
Mausger. Hong Kong, August 17, 1931.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING BOCIETY)
BANEERS.
Established 18.
Hog Bone Oloe-11, Queen's Bood Centre..
Authorland Capital Ondare £5,000,000- Pali-Ep Capital Orfiders 80,850,000. Beserve Fard.. Ouidam 40,015,000-
Road O-AMSTERDAM.. Eastern Head DA-BATAVIA.
Bandong
Branches ----Dandjarmasin,
Bombay, Calcutta Cheelbon. Djambar, Djok Jakaria, The Bagno" Jiddah, Makamar, Medan, Pelanbant. Paka longan, Pinang. Bangoon, Botterdam* Semarang Bhánghai, Bingapore, Bour bala, Boarskarta (Hold), Tegal, Tjilating and Weltevredan",
* Theme offion Bars Bala Depodi Bamse to Lek.
LONDON BANKERS:-
NATIONAL PROVINCIAL BANK LTD.
Correspondants all gree the world. Banking Bud. name of avery, donariplica transsoted.
STOKKINK.
Hong Kong, at Decatber, 1831,
THE
Hanager.
AMERICAN EXPRESS COMPANY.
INC.
Head Office:-65, Broadway, New York.
Capital
Surplus
Reserves
Astwerp Albane
.U.S.$8,000,000 U.S.$1,572,454 .U.S.$1,908,209
ernment as an
BANK.
BRANCHES-
Amsterdam
Paid-Up Capital
....$24,710,200.00
Reserve Funds
..$ 8,820,508.82
Beale
Bartli
Biarritz
Forby
Bra
Brussala
Osbo Glasgo Kayızı Hamburg Havre Interlaken Jeruania Lida Londres
Hion Nepla Piraeus
Parla
Pasang
Palatine
Rotteniam Roma
Buenos Aire
Liverpool
Calra
Luserns Lugsne
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 and foreign banking and exchanges.
We also handle the issue of Boods
Calcutta CADAM
Luzor Colombo
Marsellig Constantinopla Monte Caric Copenhage Knabe Edlebergs
Manich Hootsus Gators
Milan
Poking
Stamboul
Bhanghat Southampton Bluaporé $1. Morise Menzelu
Yianza
Venlo Tokobag
Earjoh
Branches of American Express Com- and other Pubile Funds of the Chin-pany in Principal cities of United
ele Government both at home and States of America and Canada, abroad.
SKOU J. CHEN,
Manager.
Hong Kong, 5th March, 1931.
THE YOKOHAMA SPECIE BANE, LIMITED.
Established 1830.
"Capital (fully paid-up) Yen 100,000,000 Reserva Fund.....Yen 118,200,000
Head Office:-YOKOHAMA,
Branches and Agencies at: Alexandria
Batavia
Berlin
Bombay
Calcutta.
Canton
Changchun
Dairen (Dalny) Fangtien (Mukden)
Honolulu
Nagasaki Nagoya
Newchwang
New York Osaka
Parl
Peiping Langpen
Rio de Janeiro - San Fransisco Seattle Berdatang Bhangbal
Shimanos al
Angelos
Takyo!
All classes of Commercial Banking Transactions undertaken.
Personal handled.
investment accounts
The Company offers to intending Travellers the use of its "Travellers Chequee" and Letters of Credit and, in addition, the world-wide services of its thoroughly equipped Travel Department.
E. W. DUGGAN,
Manager.
THE BANK
PORTO RICO STRAITS
of Exchange and Cable bought and sold.
but showed a reduction
prices.
economies open.
TO-MORROW : AT THE KING'S..
SYLVIA SIDNEY GENE RAYMOND
In
'LADIES
OF THE
BIG HOUSE
a Garamount Pictur
Esthonian.-The interior markets Sore Throat?
and Savings Bank accounts opened steps had been taken to counteracticntirely due to the decline in metallin moderate assortment. · Peasants
and Fixed Deposits in local and for- its full force. eign currencies takon at rates that! may be ascertained on application to 462,184, which was 38,000 less than liquid position to have improved by the Russians (said to be ca. 20,000 The tonnage of ore mined WBA The balance-sheet showed the are not antisfied with present prices. the Bank.
Soviet-Further bulk samples by
Manager,
F. McD, COURTNEY,
Hong Kong, June 16, 1991.
storm
We are also able to offer our Cus.in the previous year. In conae- £171,000. He felt sure it would be of the International Banking Cor consumption demand of non-ferrous holders to know that the Corpore sales of new crop must now total temera the services of the Branches quence of the serious decline in a source of satisfaction to share-ons) have been completed since our last report. To date, reported poration in San Francisco and Spain metals throughout the world, they, Bon had weathered the and also of The National City Bank in association with other important which had raged throughout the of New York (France), S.A., in Paris lead producers, had considered it year, and passed through
50,000 tons. A large unsold con- and Nice.
signment of 800 tons from Lenin- advisable to agree to restrict pro-jet great stress with its liquid re-but it has all now been bought up
period
grad arrived in Belfast last week,! duction in order to prevent an sources fully conserved and its excessive accumulation of stocks. @nancial strength absolutely
by merchants. The reduction in the tonnage of impaired. At the same time its THE BANK OF TAIWAN, LTD. ore mined was due entirely to this economic position had been greatly!
Business in yarns restriction, which had been scrupu-strengthened by the low figure to Christmas holidays has more or since the lously observed by all contracting which production costs had [parties and had been of great bene- reduced and the high degree of to be expected after
been less slowed down, which is only at to the statistical position of the metallurgical efficiency that had buying, and weavers are now well heavy metal. The grade of loady ore been attained.
covered. Spinners are in a strong
(TAIWAN GINKO.)
HEAD OFFICE:-Taipeh, Formosa.
Incorporated by Special Imperial Charter, 1899.
Quaten Bank in Forss
Bank-Notae red rouge amount ... Yes. 45,500,000
Bwatow, Ceatan,
OTHERS-Hong Kong. Blagapore, Soerabere. Betarang, Batavia, Derby, London, New Tork, Dalrea.
LONDON BANKERS: '
Barclays Bank, Ltd.. Eloyds Bank, Ltd.,
Midland Bank, Lid, Westminster Bank, Ltd.
The Bank bas Correspondents in all the principal Commercial Cost throughout the world."
K. NAGURA
un-
Yarns.
the
"... I find FORMAMINT
is a very nice friend to have in
your pocket, when you are in trouble with your throat."
Mr. T.B.-T.
FORMAMINT
destroys the disenan gerine in mouth and throat, thus curing Bare Throat, and protecting you against Infectious diseases, auch sa
INFLUENZA, DIPHTHERIA, SCARLET FEVER, ~Chemista (GA
At
etc.
UNCLAIMED TELEGRAMS.
The following unclaimed tele
F. V. Chamberlin, Room 206,
mined was raised from 28.9 per Since the close of the year. con- position, and a firm market may be cent. in order to cheapen the cost tinued progress had been made in expected for some months to come! of producing refined metal, and the further reducing costs and in in. BRANCHES AND AGENDIRA;
Weavers. JAPAN:-Toyko, Yokohama, Kobe, Osaka,
tonnage of, copper ore mined was creasing efficiency in both planta FORMOSA HEAD, Kagi, Karnaka,
Business has not yet got into its Kelons increased from 99,000 to 136,000 until they had now reached a stage stride after the holidays and the Makang Ninto, Shinchiku, Talebu, Trices, tons at a sacrifice of .89 per cent representing a great advance upon annual atocktaking. It may be some Takso, Tamaul, Tom, Haito, Talsos CHINA:-Shanghai, Hankow, Amey, Poochow in its copper content.
anything previously accomplished. time yet before we see activity. - Ora Reserve Position. These achievements enabled them The large orders The ore reserves in the mine at to look back upon the year's work (Continued at foot of next column.) booked by July 1, 1931, were 4,288,120 tona, with pride and satisfaction in the about 32,000 tons less than the knowledge that, whatever had bean and that the situation of silver was grama are lying at the E.E. Tele- previous year's figure, with grade effected in the past, the results more hopeful than when he last graph Co.'s office. practically unchanged. On Janu- would be substantially better in the addressed the shareholders. ary 1, 1921, there were 4,864,110 future. tons of ore in reserve, so that in
It was quite possible that the Hong Kong Hotel, from Bombay Silver and Currency. the 10 years' interval there was
divorce of sterling from gold would Sub There was no over-production of mark the turning-point in the a difference of only 181,000 tons, jailver in the true sense, but the world depression. It might indeed!
Karps, from Markneukirchen. notwithstanding the extraction of currency policy of certain Govern- prove to be not only the beginning] the large total of 3,624,694 tons. ments had been followed by the of the real rise in prices, which The average lead content of the re-marketing of their demonetised was the first object of financial serves at July 1, 1981, 25.5 per silver, and until plans could be statesmanship at the present time cent, was actually slightly in ex-made either to obviate the neces- but also the force which would grams are lying at the ofice of cess of their averago, 25.8 per cent.,sity for further sales or to regulate compel nations to agree upon some the Great at January, 1921. Their silver and them so that the market might more sure and effective hasia for Company zinc content, however, had declin-know what it had to expect the conducting international exchange mark:- ed by three ounces and 2.4 per position of the metal must remain in the future. cent. respectively and copper by unstable. .44 per cent, The maintenance of
BONG KONG BIANCH:
B, Das Yaux Blood Central Hong Kong December H, 1981
FOR SALE.
Stanley Gibbon's
Maunger,
Postage Stamps
Catalogues
for 1932
Whole World .........$12.00 British Empire......$ 5.25 Foreign Countries.....8 8.00
GRACA & CO., Dealers in Postage Stamps, Garden Seeds, Picture Books, Toys, etc., etc.
No. 10, WYNDHAM STREET, 10. Box No. 620. HONG KONG.
'.
C. C. CLARKE,
Manager. Hong Kong, February 18, 1982.
The following unclaimed tele-
Northern Telegraph (Limited) of Den
Tienihvemo, from Shangħal. Stanzwelb, from Keljo.
F. V. JENSEN,
Superintendent. Hong Kong, February 17, 1982.
of
in. the closing
the
year
Sinco September 21 the price Personally he was convinced of level of all metals in which the a strong ore reserve position was the urgent necessity of a more Corporation' was Interested had re- the best assurance shareholders ample metallic backing to the eur-corded a substantial rise in terms could have of the security and par- rency systems of the world, and he of sterling, and they were conse- manency of their Investment. felt sure that ultimately silver quently meeting under happier, Mining methods and coste were would be restored to its previous auspices then seemed possible: be- the completely overhauled during the status as the coadjutor of gold for fore the step was taken which put months
trade year and great economies effected. the purposes of metallic reserves an end to the continuous decline able manufacturers
Production And Metal Prices. and as a basis of credit and ex-in prices and started them on a for some weeks at full capacity. The production of refined iend at change.
to proceed 76,520 tons showed a decline of clear signs that this view was now
He believed there were upward course.
The report and accounts were market are quite firm.
The underlying conditions of the 2,747 tons compared with the pre-receiving more general acceptance unanimously adopted. vious year; the output of refined silver at 6,512,780oz. showed the very large drop of 742,000oz.; and the production of zinc concentrates fell from 58,385 to 52,685 tons. Ás an offset to the reduction in refined lead the output of copper matte was
RELIABLE PRINTING Increased by 4,870 tons to 17:274
no order too said!!
Made in Korimo fazeyida
THE NEWSPAPER', ENTERPRION LTD. KRENA MALL BUDD BA WERDIAM NY.
OF EAST ASIA, LTD.
Established 1918.
HEAD OFFICE(1 10, Des Voeux Hond, Central, HONG KONG
Capital and Surplus
Total Resources:
over HS 8,000,000.00
Every description of Banking and
transnoted,
Merchants.
Some opening business has been
MANCHESTER WEEKLY MARKET placed in the cambric and sheer
REPORT
end.
Quantities, however, have. been small from the U.S.A., but it is hoped that when the stocktaking Manchester, January 20. Karachi hava
partod is over,the stocks held there tons, and its grade improved from Ltd. report as follows:
Messra. James F. Hutton and Co., nainaooks, mulis and jacconets and ments will be immediately requir been offering for will be found so small that replace 40.3 per cent. to 42.9 per cent cop There has been comparatively lit White skirtings have also received been placed seem to be more several lots have been placeded. Any orders that have mill and smelter at the close of the the past week, though during the dhooties, prints and fancies, chief- immediate delivery, rather than per. The combined efficiency of the change in cotton prices during some attention, together with of the day-to-day variety for year had reached the highest point last day, or so there has been a ly from Calcutta and the up-country provision for the future. Prices ever attained:
alightly firmer tendency. The outlets. China has not shown remain firm. In the housekeeping In common with sil other com-general opinion seems to be that much interest in prices, though goods more interest is expected modities the price of non-ferrous any, price movement in the immedi- there have been quotations on both from the Home trade now that the metals suffered a calamitous set. afe fature, will be towards higher greys and whites Rangoon and the most of foreign clothe and articles back during the year, which fevela particularly in American. Strafts have enquired for fine have been excluded. Some quite wrought havoc on the receipts from As against this, however, the pos-bleaching cloths but as yet little satisfactory quantities have already the sales of their products. The sibility of the sterling-dollar rate has, resulted: The Near Eastern been placed, and further are anti- price of lead fell from 220 188, 60. moving nearer to parity might markets and Egypt have been very cinated, as 4900, as: present stocks per ton to 814 18s. 1d, represent make cotton at Liverpool wil quiet, as have the African britlets of foreign merchandise are exhaust ing a difference of $470,000 on the cheaper. The outlock is not at all generally, though a few odd lines ed. The demand for housekeeping year's production. Silver fell from clean and it appears that buyers are of bleaching, printing, and dyeing goods in the US.A. still continues 21.2441d, to, 14.6489d per standa
generally undecided whether to cloths have been booked. operate now or continue their wait has been no mention
to be slow, KA This 15 redec
enquiry Dress Linens Coloured dress South America, where the linens have been selling steadily In during the past fortnight, and some'
900.00 ange-busineLE
ounce, creating a difference on year's output of £178,
Current and Fixed Deposit Accounts in local and
encies, opened for clients
Account and
quantities have been
pmoderate, advances.
calved from
PRY
tas indicates that these
ΚΑΙ TONG