LA
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Achhacland Ospital
...............$60,000.000
Trend nad Fully Paid up 30,00.000 Reserve Funds: -
Write Urse
£5.600, MA $10,000,00
* Mavera Blability of Proprietora - 130,994,00
HEAD OFFICE: HONG KONG,
BOED OP DIRECTORA›-
Bon, Ar. J. J. Pavaraco Chairman.
T. E. Pears. Eaq Deputy Chairsan.
Hon. Mr. W. II. BA, J.
1. Campton. Esq.
M.. Juhun, Key.
6. Munkiu, Ery.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, –
Incorporated by Royal Charter, 1853.
HEAD OFFICE; LONDON,
Pald-up Capital
Reserva Fund
THE HO HONG BANK, LTD.
(Established 1917.)
THE
CHINA
Commerce
Finance
and
ECONOMIC
CRISIS
HEAD OFFICE:-SINGAPORE, Hong Kong Branch: 13, Queen's Rd. C. Authorised Capital Straits $20,000,000 Issued Capital Reserve Diabilities Paid-up Capital
of Shareholders. Surplus
12
"
8,000,000 4,000,000
4,000,000
2,687,000
Branches, Agencies and Correspon- 23,000,000 dents in the principal cities of" the .£4,000,000 ; world.
Every description of Banking and ..£3,000,000 | Exchange business transacted.
TAN ENG HOOL
Reserve Liability of Pro-
prietors
Agencies and Branches:
KUCHING
MADRAS
AMRITNAH
MANILA
MEDAN
PEPING (Peklugi PRRANG
RANGOON
SAIGON
SEMARANG
SEHEMUAN SHANGHAI
SINGPORE BITTAWAN
AMOT
BANGEVE
BATAVIA
GOMBAT
OLLOUTTA
FLAIPHONG
HANNUNG BANKOW BARBIN
A. Flacher, Bog.
T. . B. Shaw. Eng.
J. P. Wars, Eag.
V. M. Grayburn, Esq.
Chist Kangur.
BB LNCHES-
LONDON
HUAN élekar)
MUKDES
NEW YORK
PRIPING
PENANG
* BANGOON
SAIGON
SAN PRANDIROU
SHANGHAI
ALOB STAR
JANGKOK
DATAVIA
BOMBAY
CALCUTTA CANTON CAWNPORE JEBU COLOMBO
DAIREN
DELNI HAIPHONO
KAMBUNG
BANKOW
11,011,0
TROET
NEW YORK
DANTON
CHEFOO
COSAMBO
DATHEN
POUCHOW
LYONS
MALACCA
MANILA
SINGAPORE
HONOREW
SOBRA BYA
HOND
BUNOEI PATANI
TIENTNIS
TOKYO
"SINGTAO
поп
ZOHORE
KOBR
KOWLOON
KUALA LUMPUR
YOKOHAMA
Dermal Aromunta opened to Low Currency and Fixed Dapoelte čeceived for set your
abortai periode in Local Currency and Berling wa sartze weblek wil be quoted an oppiiraklat.
Hong Kong. 6th April, 1932.
HONG KONG SAVINGS BANK.
The Brainces of Usa abors Bank is roadneted hg là JUNG XUNG AND MILANrlfaI BANH ING CORPORATION. Kulna mag be obtained
aplinkin
FOR THE HONGKONG AND MANDHAT BANKING COEPORATION.
Y. M. OHAYBURN,
Chin! Kenager.
Hong Kong, 27th February, 1931.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:Hong Kong,
Athorized Capital (E.E. Carrenoy) 1,300,000 Pap Capital ........
..........000 1,104,000
Reserve Fund............
BRANCHES:-
Hwtow,
Caton, Bhangbai, Pankow Bangkok, New York and São Francisco,
LONDON BANKERS:~
The Lloyd's Bank Limited. CORRESPONDENTS
In a principal oltine of the World
Foesign Exchange and banking benef
srsey davoriptios srananosed.
Sa Deposit Boxe (various sinne) si a yearly
mebel of kruin 80 to $40.
LOOK POONG SHAN,
Chief Kanager.
THE BANK OF CHINA. 行銀國中
Reorganised October 26, 1998, under
special charter of The National Gov-
BUALA KANGSAR ZAMBDA NOVA
Manager
THE NATIONAL CITY BANK OF NEW YORK.
HEAD OFFICE: 56, Wall Street, NEW YORK.
Capital, Surplus and
Undivided Profits U.S.$226,347,408.11
Branches in:--
HARBIS
SOURABAYA
HON KONG
TAIPINO
TIENTSIX
TUETR
ARGENTINE
LONDON.
KARLACHI
TONOX huskal)
BELGIUM
MEXICO
KLAXO
TSINOTAD
KODE
TOKOHAMA
BRAZIL
PANAMA
CHILE
PERU
KUALA LUMPUR
CHINA
CHINA
PHILIPPINE
Foreign Exchange and Banking business transacted.
General U
COLOMBIA CUBA DOMINICAN REPUBLIC
ISLANDS
INDIA ITALY JAPAN
Current Accounts opened and Fix-
ed Deposits received for one year of shorter periods at rates which will be quoted on application.
J. STUART,
Manager.
Hong Kong. August 17, 1931.
NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.
INETHERLANDS TRADING SOCIETY)
BANKERS.
Estabilabed 1824.
Hou Kone Office:--11, Queen's Road Central.
Autboriand Capital
Oulders $50,000,000- Paid-up Capital fuilders 80,180,000- Berra Fund
Quildare 40,NID,DOG.
Board Offer:AMSTERDAM, Easter Head Oce:-BATAVIA, Brineba-Bandjain, Baudoung".
Bombay. Cetout, Cheribos, Djember, Diaz- jakarta, The Hagus", "Jiddaḥ, Kobe, Maksavar, Medan, Palembang, Poka- longan, Penang. Raugon, Botterdam", Semarang, Shanghai, Binssporn, Boers. baja, Surakarta (Salo). Tegal, Tillatṭap and Wallarından",
• The offroe have Safe Deposit Boss to Lal
LONDON BANKEBS:-
NATIONAL PROVINCIAL BANK LTD,
eign currencies
the Bank.
URUGUAY
VENEZUELA
INCREASING
IN RICE EXPORTING LANDS
THURSDAY, APRIL 7, 1932.
INCREASE FOR
DEMAND.
World's Statistics for Piece Goods.
INDIAN MARKET ACTIVE.
London, March 9.
James F. Huttons, Manchester,
STAPLE FOOD OF ASIA.
Conditions of Production Remain Unchanged, write:
Although a very firm tone has While the reprecussions of the staples of its diet ensures that even been maintained in the market| slump in wheat prices are generally the very low wheat prices do not throughout the week, prices at appreciated, remarks a correspond- result in any great substitution of Liverpool, however, have ent of the Economist, little atten- wheat flour for rice. Decline in
We
porta into the
are also able to offer our Cus-
an
not
for the This last
BUSINESS DIRECTORY
ATTRACTIVE TAILORING
We beg to announce to our many clients that we have removed to 18, D'Aguilar Street. We have also just re- ceived a New assort- meat of
SUMMER SUITINGS. WING HING CO. 18, D'Aguilar Street. Tel. 21117,
DENTISTS.
HARRY FONG, Dentist,
TANG YUK, Dentist. Successors to
the late SIEN TING. 14. D'Agullar Street.
TERMS VERY MODERATE Consultation Free.
ENGINEERS & SHIPBUILDERS.
New Work & Repairs. Call Flag "1" W. S. BAILEY & CO., LTD.,
Kowloon Bay.
Sole Agents for Kelvin Motors.
HAIR DRESSERS.
Int door, No. 74, Queen's Road tion has been directed to the seri- purchasing power seems, then, to be strengthened very much and in fact
Central. Tel. 21255. ous effects of the crisis that has the cause of the general depression show very little alteration to our developed in the great rice-export in rice.
last figures. It is a well establish-
NOTICE OF REMOVAL. ing lands since the opening of the One of the most important causes ed fact that there has been a lot LAU PAK-WAI, DENTIST, has re 1930-31 season. Only the news of of reduced purchasing-power has of business transacted since the be moved the unrest is Burma has brought been the fall in value of allver, the ginning of this month for nearly all GLOUCESTER BLDG., 1st floor, Ped his Hong Kong Office to somewhat faint echo of the difcurrency basis of probably the the large consuming centres, and der St. (Now Building next to Hong cult si、dation. Yet with the com-greatest rice-consuming, country with the general improvement in
Kong Hotel). Telephone No. 20488. PORTO RICO
ing on the market of the crop now China, and the main store of value outside STRAITS
approaching completion in the of its only rival in this respect, felt that these recent purchases commodity markets it is SETTLEMENTS principal producing countries India. The three great rice should prove very advantageous.
critical stage is being reached. exporters, Burma, Indo-China and
The world's statistics The comparative neglect to con- Siam, have been severely affected week show that 266,000 bales of for last Commercial and Travellers Letters sider the effects of the fall in rice by this monetary factor, though American cotton were taken as com- of Credits, Travellers' Cheques, Bills prices is no doubt due largely to Burma, which had of Exchange and Cable Transfers the fact that, though rice is the competing to
already been pared with 225,000 bales bought and sold.
unprecedented same period last year. Current sccounta and Savings Bank accounts opened staple food of probably at least one degree in the Chinese market, now day or so, however, there has been and Fixed Deposits in local and for-third of mankind, it enters direct-derives an advantage from the de- some uneasiness amongst operators may be ascertained on application to a relatively small extent; the im-currency remained at a higher level sterling and the consequent decline taken at rates that ly into Western commerce only to preciation in sterling. Slam, whose owing to the sharp advance in four important than those of its competitors even in raw cotton prices. This in- tomers the services of the Branches Western importing countries, Ger- previously, has especially suffered fluence of the International Banking Cor-many, France, the Netherlands and from the effects of the depreciation brake, although the general amount a sort of poration in Spain and also of The Great Britain, in the five years of silver. In China, normal trade of enquiry has not fallen away. National City Bank of New York 1926-30 amounted in all to less than conditions have, of course, been; (France), S.A., in Paris and Nico.
12 per cent of the total amount further disturbed by the prolonged market.
India has been the most active R. M. MCLAY, of rice entering into international internal upheaval and interruption some time have been very quiet, Evdhooties, which for Manager.trade. Indirectly, however, the of the channels of trade by military have been under offer again for Cal- Hong Kong, March 1, 1932.
slump in rice has inevitably a seri-operations and banditry. Owing cutta whilst a few lots of prints and ous effect on trade with the prin- to these conditions it remains dyed styles have been booked for THE BANK OF TAIWAN, LTD. cipal Asiatic countries. not only on doubtful whether the great floods that market.
(TAIWAN GINKO.)
that with the three great exporting in the Yangtse Valley in 1931, afland Madras have shown interest in Bombay, Karachi lands, Burma, Indo-China and Siam, fecting the principal rlce-growing the light fancy styles and a lot of but on that with monsoon Asia as region of Central China, will have price testing has been going on. a whole. In every country in that what would in normal circum- A small trade has been arranged in vast area rice is the staple crop, atunces be their effect in causing, some of the special dyed styles depression in whose price means a great additional demand for im- whilst fancies have not been neglect- Central Bauk la Formoen.
lower purchasing-power for a very ported rice.
ied. lank-Notes found average amount ...Yen. 43,000,000 large section of the population, ea- A more widespread cause of the
DRANCHES AND AGENCIES:
Further enquiry has been received pecially if at the same time prices relative backwardness of demand from Shanghai for whites, greys JAPAN-Toyko, Yokohama, Koom, Omaku.
Bagi, Karenko. Keelung, for the Makeng Nanto. Shinchiku, Talebu, Tainan,
great plantation pro- has been the intensification of the and fancies but not much is being Takao. Tamed, Tomo, Heito, tu
ducts are Treatly depressed crisis affecting the great export done for this outlet owing to the un- CHINA-banghai, Hankow, Amoy. Poochow and
Awalow, Canton.
there is little demand staples of the rice-importing lands. settled prevailing conditions. OTHERA:-Hong Kong. Bingapots. Bowley, for hired labour.
place In Malays, for instance, the de-is even uncertain yet whether the
HEAD OFFICE:-Taipeh, Formosa.
Incorporated by Special Imperial Charter, 1899.
Comspondente all over the world, Dating Bui- FORMOSA-Glan, nim of stary descripting transected.
A. STOKKINE,
Bmg Kong. at 'December, IL.
THE
Manager.
AMERICAN EXPRESS COMPANY.
York, Datron.
LONDON BANKERS.
Barclays Bank, itd., Lord Bank Ltd.
Midland Back, Lid, Westminster Bask, d.
The Back has Correspondente in all the principal Commercial Coates throughout the world. K. NAGURA.
The
has acted
It
LEE YEE,
Ladies' and Gentlemen's Hair Dressers & Booksellers.
No. 12, D'Agullar Street. (opposite Queen's Theatre),
OPTICIANS.
THE HONG KONG OPTICAL COMPANY, 'Phone 22212. →53, Queen's Road Central.
SHOES.
Pair
Black or Brown Shoes from $6.00. Black or Brown Boots from $8.00, Children's Boots or
all sizes. Repairing a speciality.
Shoes from $2.00. Best styles, most complete stock
WONG SIU WOON
21. Pottinger St.
Botnarang, Batavia, Bombay. London. Now of rice in the trade balancea of the pression in rubber, which has caus-auctions will be resumed this week. three great exporters is shown byled the return of the thousands Hong Kong has sent a little fresh the statistics of the last five years of rice-eating labourers to India enquiry whilst more trade is being of to have been 57 per cent. of the and has made it difficult for native done for Java, Singapore and the value of the total exports in the and
Chinese rubber growers to Straits case of Burma, 66 per cent, in that maintain their
in cambrics, voiles and incomes, has, no fancies. of Indo-China and 60 per cent. in doubt, depressed rice consumption offers for bidachers and similarly Egypt is making further that of Siam. The fall in the total below the level it would otherwise the Near East, while West Africa value of imports into Burma in have reached. A similar situation is still buying whites and fancies in 1930-31 was 23 per cent and in prevails in other important rice fair quantities, South America that of imports into Indo-China in importing countries such as the has made bids for finishing cloths 1930 no less than 80 per cent.; with Netherlands East Indies, Ceylon, and spealities but the majority; the more marked fall in the value the Philippines and Cuba,
have been on too low a basis.
INC.
Read Office: 65, Broadway, New York.
Manngor.
HONG KONG BRANCH:
5. Das Vitex Road Central. Hos Kong, December 24, 1941.
Capital
Surplus
Reserver
U.S.$6,000,000 .U.S.$1,572,454 .U.S.$1,908,209
ernment as an
INTERNATIONAL EXCHANGE
BANK.
BRANCHES:-
Subscribed Capital
325,000,000.00
Pald-Up Capital
$24,710,200.00
Acatender Antwerp áthwor
Reserve Funds
$ 3,820,508.82
Els
Útion Glengow ESTARS Kamburg
Hic
Naylo
Pleau
Parte
Berlin
Blanite
Harts Casertakan
HEAD OFFICE: SHANGHAL
Botabay
Dewast
Brusla
Faz A
Out
HONG KONG BRANCH:
4 Queen's Road Central,
Owing to our numerous braucher in China and large connections in the Important commercial centres of the world, we are able to extend to our cllants special facilities for domestle and foreign banking and exchanges.
We also handle the issue of Bonds and other Public Funds of the Chin- ess Government both at home and abroad.
SHOU J. CHEN,
Manager.
Hong Kong, 5th March, 1931.
Jerusalem Lido Landea Lalvaspal Lunars Ingan
LUXOF Karsallis
Lalebo Cominopla Monte Carlo Copa bagen Mali Edinburgh Florence
Bac
Munich
Montreux
MAD
Родаде Faking Palermo Bettonderz Home
Bimboul Shabghat Bouthampton Ringapore St. Morita Mentelo
Vianne
Venlos
Tokohama Zarick
Branches of American Express Com pany in Principal cities of United States of America and Canada,
All classes of Commercial Banking Transactions undertaken.
יד
Personal
THE YOKOHAMA SPECIE BANK, handlad
LIMITED.
Established 1880.
Capital (fully paid-up) Yen 100,000,000
Reserva Fund
..Yen 117,300,000
Head Office:-YOKOHAMA.
Branches and Agencies at: Alexandria
Batavia
Berlin
Bombay
Calcutta
Canton
Changchun Palivo (Dainy) Magtien (Mukden) Hankow
Hamburg
Harbin
Kong
目
rachi
Dypo
Nagaank! Nagoya Newchwanz
New York
Darks Paris
Pelping Rangoon Rio de Janeiro San Frandsen Seattle
Boerabaya
Sydney
Tientsin Tokyo Tringtan
at allowed on Currat As-
received for Ozed periodá
to be obtained on application..
Kong, 11th March, 1982.
investment
secounta
The Company offers to intending Travellars 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.
Just Received.
YVERT ET TELLIER
POSTAGE STAMP
CATALOGUE
FOR.
1932
At $6 Each.
Dealers in Postage Stamps, Religious Goods, Pictorial Post Cards, Toys, etc. No. 10, WYNDHAM STREET, P.O. Box No. 020. HONG KONG
GRACA & CO.,
* Bring Your“ PRINTING
· Problems to Us
THE NEWSPAPER ENTERPRISE LTD. ERINA MAIL BLDG. · SA WYNEKAN EY.
THE BANK OF EAST ASIA, LTD.
Established 1818.
HEAD OFFICE"
10, Des Voeux Road, Central, HONG KONG
Capital and Surplus Total Resources
· over H.s18,008,000.00 over H.$30,000,000.09 Every description of Manking, and Exchange business transacted.
Current and Fixed Depoal Accounts in local and for- eign currencies" opened for, abentan
Savings Account and Bars Deposit Boxsa. Branches and Agencies (all over the world.
KAN TONG PO,
Chief Manager.
of rice exports in the last trade Lastly, the position of the great year, the latest trade returns seem exporting countries has been ren- IRON AND STEEL INSTITUTE. likely to indicate a still more seri-dered more difficult by the fact that ous decline in the import trade. the growth in production has taken Trend of World Production. place very largely in countries that
The annual meeting of the Iron Though prices had shown a down- formerly relied more largely on im- and Steel Institute will be held at ward tendency since 1926, the ports.
of Civil Engineers, Japan is an important ex- the Institution slump in rice came some months) umple, Faced with a rapidly Great George Street, London, S.W.1, later than in wheat, an a sharp de-growing population in the metro-on May 5 and 6, under the Pre-: eline did not occur until Septem-politan Islands, the Government sidency of Colonel Jir W. Charles ber, 1930. The trend of world pro- has not only encouraged auch fur-Wright, Bart. duction is indicated by the follow-ther development of rice production
The annual dinner will take place ing statistics of the International as was there possible, but still more at the Connaught Rooms, Great Institute of Agriculture:-
the production in Korea and For- Queen Street, London, W.C.2, on Million quintals, mosa, with the result that the coun-May 5, at 7 for 7.80 p.m.
rough rice.
778
1909-14
1025-26
857
1926-27
853
1927-28
846
1928-29
876
1929-30
859
1925-30
858
Phone 3147A.
PHOTO-SUPPLIES
Kodaks and Cameras, Films, Plates and Papers, etc. Developing, Printing and Enlarging.
ZIESS and BUSCH FIELD GLASSES. Price Moderate,,
A Trial Order is Solicited.
A. SEK & CO.
Tel No. 29450. 26A. Des Voeux Road, C. Hong Kong
try is now, in good years, independ The Council of the Institute has: ent of foreign rice. Japan has, in this year awarded the Bessemer fact, placed an embargo on im-Gold Medal to Professor Henry porte-in practice affecting Burma Louis, in recognition of bis die- and Indo-Ching particularly and tinguished work in the fields of ALEXANDER has dumped some of its surplus mining and metallurgical science.
Mr. Arthur Dorman has been stocks in China and elsewhere. Aj
INSTITUT similar reversal of the trade posi-elected a vice-president of the In- DE BEAUTE Production in the five years end-tion has occurred in Brazil and stitute, and Captain H. Leighton; ing 1929-30 was thus 30 per cent. Egypt. Meanwhile, too, the Goy-Davies and Dr. A. McCance mem- greater than that in the pre-war ernments of British Malaya, Cey-bers of Council.Engineering. quinquennium. The corresponding lon and the Netherlands East Indies that in area which has also occurr Increase in world wheat production are encouraging the extension of
was 14 per cent. In the case of both commodities, the chief coun- try excluded is China, for which no rellable statistica are available.
· Phone 25169. Pedder Building (1st Floor)
Hong Kong Hotel.
Opposite Entrance to
rice-growing with a view to greater ed do not mark a return to normal- self-sufficiency.
cy, but only a somewhat drastic which are Large, Soft and Natural, Lastrous Oil Permanent Hair Waves means to that end... The situation Artistic Finger and Marcel Waves, Oil This Year's Prospects.
in the chief Importing countries at Treatment, Shampooing, Henna Fack The prospects of The 1981-82 crop The increase in production of rice now harvested or being harvested the end of the 1991-32 season re- (any colour), Hair Cutting and Maul- has thus been comparatively mo- in the main producing and export-
[mains doubtful
eure for Ladies and Gentlemen. Cou scleations, Artistic Work by European As regards the proposal to "safe-Expert, Mr. Alexander. derate.
ing countries are more promising guard" Empire rice by imposing a
I
AN INTRODUCTORY HISTORY
Rice is a native crop, and the con- from the commercial point of view tariff on foreign grades imported A VISIT WILL CONVINCE YOU.
CHARGES MODERATE. ditions of its production have Deficiency in the rains has consider into the United Kingdom, the fol- changed little. While wheat-grow-ably reduced yields in Burma and towing statistes are interesting. ing has been revolutionised by the very much so in Slam, and is ex The avarage annual exports of combine and the tractor and by the perted to Bave had a similar effect whole rice not in the husk from
Indo-China. Introduction of new varieties, rice-in
The export
British India in 1925-26/1829-80 growing is still carried on in small surplus in Burina is ea-
were 10,126,000 tons (of which holdings by primitive methode, and timated at 5,858 million pounds of the area under improved varieties milled rice, against 7,063 millions 180.000, or 1.8 per cent, were ex- remains insignificant. The increase last year, while the corresponding while the average Imports of such ported to the United Kingdom), in production does not soem exdes- figures for Siam are 2,200 million rice into the United Kingdom in sive in relation to the probable in- and 4,800 million pounds. Low 1926-30 from all countries were crease in population in the yields, however, while easing the 353,000 tons, or only 8.5 per cent. rice-eating countries. In the commercial position, do not improve the total export from British In- same period, while, with the the immediate position of the cul dia. Thus, even if the United King- of urban tivator, Any gain he gets in high dom took all its rice imports from possible exception areas in the vicinity of the er prices is neutralised by smaller British India, ignoring questions of The great ports, the conservallam of production, so that his purchasing tastes for certain varieties, the the great mass of the population in power remains at the same low effect in alleviasing Burma's dim- Oriental landssons regards" the level. The reduction In vields and
culties would be negligible.
AE CROOK^0.B.E.; M.A. W, KAY, ELABOR S
W. L. HANDYSIDE, MA, B.5%
PRICE $1.00.
NOW ON BALE" AT THE ** PUBLIBILERA."
Newspaper
China Mai OMN