THE
CHINA MAIL.
WEDNESDAY, APRIL
27, 1932,
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Amberland Deptial-BİRİ,000,000 Ineed and Fully Paid p. 30,000,000 Berry Funds -
& 1,094,00 610,000.000
Hilagam M
Winerya Klabliliy at Propelobove - 204,000,000
HEAD OFFICE: HONG KONG.
LED OF DIRECTORS :-
"tɛən," Kr. J. J. Paterson.
Chairman.
5.6 Paro, Boy,
Dayaly Chairman.
Hon. Mr. W. H. Bell, J. A. Fammat, Baj
d E. Commpion, Esq.
T. II. B. Shaw, Bəq.
M.T.Johnson, Ket,
. Miskin, Esq.
3. P. Warren, hog
*V. M. Grayburn, Bog,
Cale! Manager.
BALVOTES
LONDON
"AMOI
RANGEOR
*ERTAVIA
MOMBAT
CALCUTTA
CANTON
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON.
Paid-up Capital
Reserve Fund
£3,000,000 .£3,000,000
Reserve Liability of
prietors
Pro-
£3,000,000
Agencios and' Branches:
ALOR BIAN
KUCHING
MADRAS
MANILA
AKRITHLE
МАНОКОК BATAVIA BOMBAT
MEDAN
NEW YORK
FEPING (Peking) PENANG
CALOUTTA CANTON CAWNPOKE OZDU
BANGDON
DOLOMBO BELJI
SAIOON
SEMARANG
HAIPHONG
SEREMBAN
HAMBURO
BUANGHAL
LTONE
HANIOW
BINGPORE
HARBIN
MALAODA
SITIAWAN
дома кома
SULIRANA YA
MANILA
ILOILO
TAIPING
MUAB (Jekord!
гон
TIKKTAIN
MUIDEN
KARACHI
TONGKAH (Bhukasi
KLAND
TRINOTAD
NEW YORK
KOER
YOKOHAMA
FEIFING
KUALA KANGSAR
ZAMBOANDA
KUALA LUMPUR
RANGGON
ALIGON
BAN FRANCISCO
BHANGHAI
KARBIN
AINGAPORE
HONGKRW
BOURABYA
ILOILO
IPOM
TIENTSIN
JOHOR
ΤΟΚΤΟ
MOM
DEFOO
COLOMBO
DAIREX
TOONDW HAIPHONG
KANIOW
LOWLOON
KUALA LUMPUR
PENANO
SUNGEI PATANI
TSINGTAO YOKOHAMA
Current Aunts opened in Local Currency and Fized Dapostle received the main your or horner periodata Loos Currency and ring oh barma which will be quoted or application. Hong Kong, 5th April, 1982.
HONG KONG SAVINGS BANK.
The Bealcom af the above Blank le comtrolad the TOHO KONO AND RHANGHAI BANK ING, CORPORATION. Hu're may be abisinad
application.
# THE RONOKONO AND SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Masager
Hong Kong, 27th February, 1933.
THE BANK OF CANTON, LTD.
Established 1912.
Head Oca-Hong Kong. dusharised Onpissi (H.K. Ourrency} ...$11,000,000
BRANCHES :-
1,200,000
Chen Län, Shanghai, Bankow. Sualow, Bangkok, New York sad fea Fracciaca,
LONDON BANKERS :—
The Lloyd's Bank, Limbad. CORRESPONDENTS
ču all pelsofpui cities of the World.
ן
Fresigs Exchange sil beskog buzzwoon of
vary description franeseted. ·
Mala Deposit Boxsa (zaslona stane) sa a guarig
zumiał of From $5 to $48.
LOOK POONG SHAN,
THE HO HONG BANK, LTD.
(Establike 1917.)
HEAD OFFICH>-SINGAPORE. Hong Kong Branch: 13, Quom's KL. C.
Authorised Capital Straits $30,000,000 Issued Capital
Paid-up Capital
Reserve Ikabilities
of Bhareholders.
Burplus
I
8,000,000
4,000,000
4,000,000
Commerce and Finance
3,687,000 HONG KONG DOLLAR There le no prospect
Branches, Agencies and Correspon- dente in the principal cítime of the world.
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.
Capital, Surplus and
Undivided Profits U.S.$226,347,466.11❘
Branches In
ARGENTINE
BELGIUM
BRAZIL
►
CHILE
CHINA
CUBA
Foreign Exchange and General COLOMBIA Banking business transacted.
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, 11th April, 1932,
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING BODIETT)
BANKERA
Established 183.
Hoog oo Oce:-11, Queen's Road Contrai.
Authorised Capa! Guilders 188,000,000. Pald-Up Capit toeneem. Quliders 80,000,000. Beserve Fund
Oulldars 40,012,000– Food Oos-AMSTERDAM*. Eastern Head Of‰001---BATAVIA, Branches --Bandjarmasin, Beakmag Bombay
Calcutte Charlion, Disember Djok jakarta", The Hague", "Jiddah, Ioba, Makassar, Medan, Palambang, Paka longer, Pinang. Bangoon, Batterdam”, Semarang, Ahanghai, Sinnepors, Bours bain, Borsaris (Bole). Tage, Tilaijay and Wallerede,
• Thane offices have Safe Deposit Boxes to Lat.
LONDON DANEEES:-
NATIONAL PROVINCIAL BANK LTD,
Correspondents all over the worki. Bauking Bual- nas of ermy, description transucied.
* A. STOKKINI,
Hans Zong at December, 2001.
THE
Macate.
Chief Manager. AMERICAN EXPRESS COMPANY.
| DOMINICAN REPUBLIC INDIA ITALY JAPAN
LONDON MEXICO PANAMA PERU
PHILIPPINE ISLANDS
PORTO RICO
STRAITS
UP.
Effect of Drop in Sterling
LITTLE BUSINESS THOUGH.
whatever
that the situation in the future will iraprove. The position of the American motor car industry la very disappointing.
Consumption of rubber in U.S.A. In January was 27,962 tons, against 28,560 tons in 1931, and 86,669 tons in 1929, The figures for the sale of tyres, too, are very disappointing. In 1931 this was 49,500,000 against 54,000,000 in 1930 and 70,000,000 | in 1929,
Silver has risen slightly as the If we take into account the longer result in the drop in sterling, and lease of life of tyres then it will be the feature of the Hong Kong mar clear that prospects can be con- ket was the advance of a farthing sidered rather discouraging. The in our dollar yesterday, and which last official statistics show that is anticipated will be maintained motor licences last year decreased to-day.
by more than 100,000 or 15 per
In London silver rose a spot and cent. forward, but the market presented
no special feature. In New York
silver remained unchanged, but BANKING RESULTS.
SETTLEMENTS cross-rate dropped to 3.654. Here
URUGUAY
VENEZUELA
the market is quiet with the dollar at is. Bd. The business rate was
Commercial and Travellers' Letters about 1a. 33%, but there was little Chartered Bank of India
inclination to do business.
of Credits, Travellers' Cheques, But of Exchange and Cable Transfers
At the Chinese Exchange here, bought and wold. Current accounts and Savings Bank accounts opened
last evening, the Canton Central and Fixed Deposits in local and for- Bank notes were quoted at 52 per eign currencies taken at rates that cent. while Hong Kong notes, in ex- may be artained on application to change for Kwangtung silver were the Bank.
We att also able to offer our Cus- at a premium of $424 per $1,000.
tomers the services of the Branches
of the International Banking Cor- poration in Spain and also of The National City Bank of New York! (France), S.A., in Paris and Nice. R. M. MCLAY,
Manager. Hong Kong, March 1, 1982.
London Silver Prices,
London, Yesterday. Closing silver prices in London to-day were:-
Apr. 25 Apr. 26
17 Spot.....17 Forward..17.1/16 17.1/16 "At two o'clock this afternoon THE BANK OF TAIWAN, LTD. the London on New York cross
{TAIWAN GINKO.)
rate was quoted £1-G$3.654.
HEAD OFFICE:-Talpeh, Formosa.
Incorporated by Special Imperial Charter, 1899.
Central Bank in Formons. Bank-Notes ad Average amount ....Tan. 45,000,000 BRANCHES AND AGENCIES: JAPAN :-Toyko, Yokohama,. 'Bobe, Omka. FORMOSAĢīna, Kai Karako,
Makong. Neto, Shiachiku, Taibu, Tan, Takso, Tamaul, Tosa, Heito, Tato. CHINA-Shanghal, Hankow, Amoy, Foochow,
Swalow, Canton.
OTHERS:--Hong Kong,
York, Dalren,
Singapore, foarabaya,
LONDON DANKERS:
Barclays, Lad., Lloyds Bask, Ltd., Midland Rank, Lid, Westminster Bank, L.
THE RUBBER SITUATION.
Some Points That Are Worth Noting.
Accounts.
The accounts of the Chartered Bank of India, Australia and China for 1981 show
a net proẞt of 2881,787, including income tax re- serve not required. For the pre- vious year
the net balance was £684,348, but the figures are not strictly comparable, as for 1930 the profit, was struck after provid- ing for bad and doubtful debts, whereas on this, occasion that pro- vision has been met from contingency account.
An allocation of £1,000,000 from] reserve has been made to provide for exceptional losses in exchange, due to Great Britain going off the gold standard, After deducting
this amount, the reserve stands at: £3,000,000, which is equal to the paid up capital, says the Financial Times on November 17.
It is proposed to pay a final divi- dend of 7 per cent., making 14 per] Directors, who see the time ap-cent, less tax, as against 20% per Bamarang, Bateria, Bombas Loafe. New proaching when they will have to cent. (including a bonus of 6% per put a stop to the planting industry cent.), of which 7 per cent. was altogether, are In
desperation, paid free of tax. clinging to the idea of restriction,
The balance of said the Deli Courant of March 12 carried forward, no amount being £149,885 (against £187,597), is in emphasising the desperate straits this time set aside for the Dutch planters, now find them-tingencies, to which £80,000 was selves in. They cherish the idea allocated in 1930. that without restriction they are
The Bank has Correspondants in all the principal Commercial Cenizes throughout the world. E NAUURA, HONG KONG BRANCH:
3. Dus Road Contest. Hong Kong, Deosmber M., 1981.
Manager.
con-
sure to go down, so why should they Government and other securities, THE MERCANTILE BANK OF not make an attempt with restrie of which the major portion are
INDIA, LTD.
HEAD OFFICE:
15, Gracechurch Street, London, E.C.8.
INC.
THE BANK OF CHINA.
行銀國中
Head Office:-65, Broadway, New York.
Reorganised October 28, 1928, under
Capital
coscial charter of The National Gov- ernment as an
Surplus
Reservea
US$6,000,000 .U.8.$1,578,454 U.S.$1,908,209
INTERNATIONAL EXCHANGE
BANK.
BRANCHES
Amsterdam
Rasos
Niom
Glasgow
Naples
Pald-Up Capital
$24,710,200.00
Athase
Ватада
Firsega
Beals
Beserve Funds
..$ 8,320,508.82
Berlia
Blarrita
Harborg Havra Jabarlakan
Parla
Ferng
Paking
Bomba
Forssalam Lido
Falacin
Botterdam
Brusela
Loodan
Hoto
Buenos Aires
Liverpool
Blamboul
Bangkok Bateria
Cairo
Lucerna
Shanghai
Bombay
Caloutta
Lugano
Southampton
Calcatta
Hota Bharu
Co
Luxor
Ringapor
Coloraba
Kuala Lipis
Dolombo
Karolins
Bi. Morit
Delbi
Koals Lemper
Zetiain
Vieans
.
Jokohama Lario
Subscribed Capital...$25,000,000.00
HEAD OFFICE; SHANGHAI.
HONG KONG BRANCH:
4. Queen's Road Central,
Oving to our rumerons branches in China and large connections in the important commercial centres of tha world, we are able to extend to our cilants special facilities for domestic and foreign banking and exchanges.
Ongestiopia Monte Onelo
Copenhagen Edinburgh Fotose
Manila Munich Xontroux
SELLAS
Authorised Capital ....£3,000,000 Subscribed Capital 1,800,000 Paid-up Capital ..... 1,050,000 Reserve Fund & Rest. 1,217,927
BANKERS:
The Bank of England & Midland Rank, Ltd.
عالمي
Howrah
BRANGEES
Ipoh
Kandy
Karachi,
Pana
Poet Lau
(Mauritius) Rangoo Shanghai Simle Kunotan (Pabang) Singapore Soureboys
Madras
New York
HONG KONG BRANCH,
tion? This way of reasoning can short-dated, have been taken into be understood and is pardonable. the balance-sheet ất book value, on But whether they are correct in which there was on December 31 their surmises that enforced restric-inst a depreciation of £856,866 as tion can be considered to be in the compared with market valus. A Interests of the rubber planting in-valuation at March 11 shows the dustry and whether It is feasible depreciation has been reduced to remains to be seen.
about £41,000, and 'under these cir
Adverse Conditions.
In an editorial comment the same journal says:-
INDIA TIRES.
Manufactured at AKRON (Ohio),
MOVE IN
THE BEST
CIRCLES
BY USING
HEAVY
SERVICE.
GREATER
SPEED WITH SAFETY ROADABILITY CUSHIONING WITH MORE UNINTERRUPTED SERVICE
EACH OF THESE POINTS REPRESENTS A
HEA
SAVING
OUR NEW DEVELOPMENT
EATPROOF
EARPROOF
ACEPROOF LEAKPROOF T CHAFEPROOF
INDIA ALL BLACK SUPERTUBE
THE ANSWER TO THE DEMANDS OF
MODERN MOTORING.
INDIA OF INCHINNAN
OFFER OWNERS OF
BRITISH BABY AUSTINS SUPER NON-SKID TIRES
AND
THERMO-TITE
KNURLED BLACK TUBES
MADE IN SCOTLAND.
THE BEST THE WORLD CAN PRODUCE,
·W. R. LOXLEY & CO.
HONG KONG
TEL. 22285.
C.L. P. RC.'S NEW VENTURE.
Concert This Week.
It is a hopeless affair, this rub- cumstances the directors do not ber question. We believe that one consider it necessary to make a has to come to a realisation of the special allocation to meet the de- fact that this cultivation, by what preciation. ever means, never will reach the position it has held in the past. The system followed by cultivators. on estates, and that by native pro- ducers, are entirely different. They can be described best as intensive countered last year all
Adverse conditions were
over the and extensive cultivation.
An intensive cultivation at the of the Chartered Bank of India Aus
wide area in which the operations Pized Dapoal at Rates that mag, be awetzini Present time is not always in antralis and China are conducted. Pro-
The China Light & Power : Be advantageous position, when com ducers everywhere were hit by the creation Club are holding a Con- pared with an extensive cultivation. Managa. When land is scarce in a country, prices. Political uncertainty was Park, Kowloon, on April 30 at 8.00 continuance of the rapid fall in cert at their premises at King's land which is suitable for cultiva rife.
p.m."being mainly on the lines of a
Every description of Banking and Exchange bus,
Travellers beques issued.
Trustee and Executarships under
Branches of American Express Com-raasscled, We also handle the issue of Bonds pany in Principal cities of United and other Public Funds of the Chin-States of America and Canada. 48 Government both at home and
abroad.
SHOU J, CHEN,
All classes of Commercial Banking Manager. | Transactions undertake.
Hong Kong, 5th March, 1981.
THE YOKOHAMA SPECIE BANK. LIMITED.
Fambilaked 1880.
Capital (fully paid-up) Yen 100,000,009 Beserve Fund Ton 117,300,000
Head Office:-YOKOHAMA.
Branches and Agmeloi sti Alexandria
(Delay)
Nagasaki
Naroya Newchwang
New York Osaka Paria
Pelping Rangoon
(Mukden) Elo de Janeiro
San Francisco
Seattle
}
Personal izvestment secounts handled.
The Company offers to intending Travellers the man of its “Zvüvellers Chequer and Letters of Credit and, in addition, the world-wide services of its thoroughly equipped Travel Department.
W. DUGGAN,
Manager.
taken.
INTEREST allowed on Current Ascounte
on appilation.
J. B. RO88,
Hong Kong, 7th April, 1982.
́7, Quata'a Bosă Cintesi,
PR
THE BANK OF EAST ASIA, LTD.
Established 1918,
HEAD OFFICE:
Des Voeux Road, Central,
TONG TONG.
and
GR*
tion, then, naturally, Intensive Finally, the financial instability Band Concert. The Band of H.M.S.
cultivation is resorted to. This
method of agriculture is applied in which caused vast withdrawals of Cornwall has been engaged for the most European countries. From funds from London and ultimate- occasion, and Mrs. Fleming, Messre, the area available they try to get ly led to the suspension of the gold Sweat, Li Chor-chi, J. Braga, W. R. a production as large as possible. standard had ramifications in every Fleming and others have volunteer Often land has to be taken in hand quarter of the globe.
ed to contribute to the programme.
Morical and Untenable.
which costs an enormous "amount of The Chartered Bank itself has The Committee of this Club feel labour and needs a large expendi- been impelled as a consequence to that, given a reasonable amount of ture in manuring in order to give allocate £1,000,000 from its reserve support by the Publie, they can a reasonable production:
fund which still stands, be it noted, provide an entertainment similar to at 48,000,000, equal to the bank's the Open Air Band Concerts It is absolutely illogical and un-capital to provide for exceptional 1926 and 1980, although at the tenable to restrict production pro- exchange losses. We * moment they are not in a position portionately, and thus Increase the A reduction in the recorded net to be able to do it on such a large cost of exploitation of the product, profits to $881,800, is not a sur-scale, At the same time they are while one can be sure that this mea-prising sequel to such a combina confident that it can be made a sure will have no efect whatever tion of untoward circumstances, al succcan and
with the though the contingency fund is call feature of entert
on the prices, in conn
large stocks, and whil
all times eil upon to provida for
the trees rem
doub
14 per rent for th
crease
the
regula
during
PIANOS,
MUSIC,
GRAMOPHONE
RECORDS.
and all kinds
MUSICAL
INSTRUMENTS
TSANG FOOK PIANO COMPANY
出版