BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Austan Capital
ivved and, Pally hidup no 10,000,00€ Terve Funde-
Sterling
Alegr
..., £ 4,300,000
Be ablity of Proprietort min 830,386.000
HEAD OFFIOS↑ HONG KONG.
BOARD OF DIRECTORS (—
Wo Mr. J. J. Paterson.
T. E Paris, Baq.
Deputy Chairma
H. M. W. H. Dall,
2.
Compton. Bot.
T. H. R. Shaw, Eng.”
M. T.Janu¤, Yaq.
Q.. Miskin, Esq.
J. & Plummer. Jeg
J. P. Warren, Bee.
V. M. Grogburn, Haq.
Chial Manage.
BRAVOURS :-
LONDON
ITONI
MANILA
KUAN (Johore!
AMGY
ΠΑΜΟΚΟΣ PATAVIA
BOMBAY
CALCUTTA
PLOMBO
DAMEX FOODHOW
UPBOKO
HANBURY
MUKDEN
NEW TOBI
PEIPINO
PENANG
BANGOON
CANTON
081700
SAIN
SAN PRANGIADO
HANIOW
SUAKOHAY
HARBIN
SINGAPORE
RONOKEY
YOURÁBTA
AUNGEI PATARI
TIENTSIN
TEDILO
POK
JOHORE
кови
KOWLOOK
KUALA LUMPUR
TOKYO
TRINGIAU TOXOHAKA
O Louis opened in Loval Dregor Pised Deposita cocotted for one year or vbarter perioda in Loral Curranty and Arling terme which will be quoted on oppiication Hong Kong, 5th April, 1932.
་
HONG KONG SAVINGS BANK.
The Basics of the abess Dank is condured
A BONG KONG AND SHANOKAT BANK. ING CORPORATION, Bule may be obesined auppilotion.
TO THE HONGKONG AND SHANGHAI BANKING CORPORATION.
V. K. QRAZBURN,
Chiet Manager.
Hong Kong, 17th February, 1933.
THE BANK OF CANTON, LTD.
Patablished 1911.
Head Office:---Hong Kong, Amored Capital (FE.X. Current]) ...$11,000,000 Pald-Up Ongilak
1,300,000
Is
BRANCHED ---
Danion, Abanghai, Hankaw, Besion, Baghol, Now Tock and San Franciano,
LONDON BANEXES :--
The Lloyd's Bask, Limited. ÇÕRRESPONDEWTE
principal clsion of the Wall,
Pegs Bossge and banking kommeng nổ
scripiton trasanoted.
vacy
Sale Deposit Boxa (various siunt) as a yuartz
wind af from Bi io (4),
LOOK POONG SHAN,
Chlef Managit.
THE BANK OF CHINA.
行银國中
Reorganised October 28, 1928, under
INTERNATIONAL EXCHANGE
Paid-Up Capital.....$24,710,200,00
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1868.
HEAD OFFICE: LONDON...
Paid-up Capital
Reserve Fund
Reserve Liability of Pro-
prietors
THE CHINA MAIL.
THE HO HONG BANK, LTD.
(Butablished 1917)
HEAD OFFICH:-SINGAPORE Hong Kong Branch: 18, Queen's Rd. C.
Paid-up Capital
Authorised Capital Straits $20,000,000 Issued Capital
8,000,000
4,000,000
4,000,000
8,687,000
Reserve Liabilities
of Shareholders. Burplu
Branches, Agencies and Correspon- £8,000,000 dants in the principal cities of the „£3,000,000 | world.
Every description of Banking and £3,000,000 Exchange business transacted.
TAN ENG HOOL,
Agencies and Branchen:
ALOR STAR AMRITSAN BANGXOR BATAVIA BOMBAY
DALCUTTA
CANTON
CAWNPORE
םםעם
OOLONDO
DZLER
HLIPHONO HANDERO HANKOW
HARBIN
IPOIT
KARACHI
XUCHING
- MADRAS HAMILA
MEDAN
NEW YORK.
PEPING (Peking) PENANO
RANDOON
Manager.
THE NATIONAL CITY BANK OF NEW YORK.
HEAD OFFICE: 55, Wall Street, NEW YORK.
Capital, Surplus and
Undivided Profits U.S.$225,847,488.11
Branchen In
ARGENTINE BELGIUM
NAIOON
BEMARANG
HERENBAN
ΕΠΑΝΟΠΑΙ
RINOPORN
SITIAWAN
EONG TON
HOTIBABAYA
ILOILO
TAIPINO
TIENTAIN
TONGLAH Bbgkal)
LONDON
KLANG
TEINGTAO
KOBX
YOKOHAMA
MEXICO
KUALA KAKORAR
ZAMBOANDA
BRAZIL
PANAMA
KUALA LUMPUR
CHILE
PERU
Foreign
Exchangu
and
General
CHINA
t
PHILIPPINE
ICOLOMBIA
ISLANDS
DOMINICAN
REPUBLIC
INDIA
Banking business transacted.
Current Accounts opened and Fix-QUBA 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 ROCIETY› DANKERS
Extablished 1824. Bong Loue re:-11, Queen's Road Central.
Authorised Capital
Ouliders 180,000,000- Paid-Up Capital Quildara 80,000,000- Birta Fad
Quilders $5,18,000-
Hd Off-AMSTERDAM". Eaters Head Offon:—BÀTAVIA. Branches-Bandjelo
Nicaria". The Hague Siddah, Kobe
Paka
Randong". Bob Calcutta, Cherboa, Djember, Djok Makassar. Medan, Prismbang Long. Passng. Rangoon, Balterdam", Samarsey, Shanghai, Singapore, Boers bala, Boerakarta (Solo), Toyal, Tylletjap and Welleradan
* These offices have Sale Deposit Bezer to Lat
LONDON BANKERA :---
NATIONAL PROVINCIAL BANK LTD,'
Correpondents all over the world, Banking Bus Aase of every description transected.
▲ STOKKINI,
Hong Kong, st December, 1981.
THE
Manager.
AMERICAN EXPRESS COMPANY. INC.
Head Ones:65, Broadway, New York.
ITALY JAPAN
PORTO RICO STRAITS
VENEZUELA
of Credite, Travallers' Cheques, Bills
THURSDAY, MAY 5, 1932,
and
"ANNOUNCING" -
Commerce
Finance
Exchange Influences Cotton
Review Of Activities In World Markets
Wednesday, April, 6. attitude 'in view of the general im- Throughout the last week theprovement in other outside com- market has been almost entirely modity prices. A pleasing feature controlled by the principal finan- during the week has been the big- cial developments both here and in ger enquiry for almost all classes The announcements of of goods for India. Calcutta has America. a slight British Budget surplus offered, although on too low a and the difficulty which the Unit basis, for white shirtings whilst ed States are experiencing in bal- Bombay and Karachi have also SETTLEMENTS ancing their Budget, has had the shown more interest in this style. URUGUAY effect of strengthening the pound Dhooties are still in demand but as compared with the dollar and only a few odd lots are being book- the weakening of cotton prices in ed. Mulla. and the lighter bleach- Commercial and Travellers' Lettere America. The position is there- ing fancles have been asked for: of Exchange and Cable Transfers fore principally at present control-by Amritsar and Karachi, and bought and sold. Current accounts led by the exchange and not by ac- some nice business and Savings Bank accounts opened tual demand or transactions on the ranged. The up-country markets and Fixed Deposits in local and for-part of market operators. In the have confined their demand chief- eign currencies taken at rates that circumstances, though cotton looka ly to the standard dyed and print- may be ascertained on application to the Bank.
cheap at its present prices, it ised cloths. Considerably more in- We are also able to offer our Cus- not to be wondered at that buyers terest is being shown by Shanghai tomers the services of the Branches are still hesitating to commit although actual business still re- of the International Banking Cor themselves to purchases. At the mains poor. Grey goods have been poration in Spain and also of The National City Bank of New York same time, however, there is a de- booked for Hong Kong and one or cided possibility that better two useful lines of poplins have (France), S.A., in Paris and Nice.
basis for trading will be formed also been placed. Egypt and the R. M. MCLAY,
during the next week or so when Near East have done a small mis- Hong Kong, March 1, 1932. favourable opportunities for pur-cellaneous business whilst the Con- chasing should be forthcoming if tinentál and African markets have the market adopts a more bullish been a little more active.
Manager.
THE BANK OF TAIWAN, LTD.
*(TAIWAN GINKO.)
HEAD OFFICE:-Taipek, Formoen.
Incorporated by Special Imperial Charter, 1899.
a
RUBBER OUTLOOK.
Production and Price Speculation.
Coolest Bank in Fonness. Dual-Notes issued åramage amount.... $5,000,000 BRANCHES AND AGENCIES:
There is now considerable specu- JAPAN:-Toyko, Yokokama, Hobe, Duska. FORMOSA |--DEMA. Kag, Karake. Fellation on the likely trend of rub Kakong, Nants. Sklachiku, Tricks, Tainan, ber production and prices during Takao, Tacsoul. Town, Hallo, Talin.
ámoy, Fohow, the next two or three years. It i CHINA :-Üzəngli, Hankow,
Kwalow, Časion.
agreed that the first effect of the OTHERS-Hong Kong, Bingapore, Berabe
Semarang Baitis, Bombay, London. New "No restriction" decision will be
York, Daire,
LONDON BANKEBS;
Barzinyu Dank, Ltd., Lloyds Bank, Ltd, · Midland Plank, Lid., Wattminster Bank, Ltd.
The Hask bas Correspondacks in all the principai
Commercial Contess throughout the world, I, KAGURA.
HONG KONG BRANCH¡--
1. Das Vanur Road Contra).
MILAN.
Bloog Lood. December 24, 1981. ...$6,000,000 .17.3.$1,572,454 .U.3.$1,908,209
special charter of The National Gov-
Capital
aroment as an
Surplus Reserved
BANK.
BRANCHES
Subscribed Capital
$25,000,000.00
Amsterdam
Оникса Giangon
Nips
Akhone
Reserve Funda
..$ 3,820,603.82
Basis
Baria
Biarrita
Hasabing Har Interlaken
Bebe
HEAD OFFICE: SHANGHAL
HONG KONG BRANCH:
4. Queen's Road Central.
Owing to our numerous branches in
Ukina and large connections in the important commercial centres of the world, we are able to extend to our clients special facilities for domestle and foreign banking and exchanges.
We also handle the lasus of Beads and other Public Funds of the Chin- see Government both at home and abroad.
SHOU J. CHEN,
Maniger
Hong Kong, 5th March, 1981.
THE YOKOHAMA SPECIE BANK, LIMITED.
Established 1880.
Dr Brussels Buenos Aires
Cairo
Callatta
Case
Colombe
Батьов
Jatiasian Lido Looda Liverpoot
Lucero Lepass Laine
Lenslan
Constantinople. Monta Carin
Magla Copenhagen Edinburgh Munich Florence
Montros Genera
Sagtew Piraeusa
Penang Fuking Palerm Rotterdam Hots
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE.
13, Gracechurch Street, Londen, E.C.S.
Authorised Capital...£3,000,000 Subscribed Capital
Paid-up Capital
1,800,000 1,050,000 Reserve Fund & Rest. 1,217,027 BANKERS:
The Bank of England # Midland Bank, Ltd. BRANCHER: Ipab
Kandy
Karachi
Fossng
Port Loule
Bosboul Shanghai Bout bas
Singapore 8. Mich
Bangkok
Meslen
Bateria
Varian Yenios Tokohaste
Bombay
Calestia Colombo
Kota Bharu
Kuala Lipis
Daiki Ouile
Hoa Tour Howrah
Kuala Lumpur Sila
New York
Branches of American Express Com- pany in Principal cities of United States of America and Canada.
All classes of Commercial Banking Transactions undertaken.
Personal investment accounta handled.
The Company offers to intending Travellers the use of its “Travellers Chequer and Letters of Credit and, In addition, the world-wide services.
Capital (fully paid-up) Ten 100,000,000 of its thoroughly equipped. Travel Besarra Fund........Yen 117,300,000 | Departmant,
Head Office:-YOKOHAMA.
Branches and Agencias ati...
Alexandria
Batay's
Herkn
Bombay Calcutta
Canton
Changchun
Dairan
.
Nagasaki
Nagoya s
Newchwang New York
Osaka
Part Faria Peiping
(Dalny) Rangoon
Fangten (Mukden) Rio de Janeiro
Bamburg
Hankow Barbia
lon Monr Honolulu
Kobe
San Francisso Kettla
E. W. DUGGAN,
Manager.
PHOTO-SUPPLIES
(Mauritia)
Bangoon Bangal
Kuantan (Pahang) Singapor
Kedras
KONG XONO BRANCH.
metropsected.
Travallare Chequer lamund,
taken
Bourabays
has been ar
case native production would be on about the same scale this year as last.
There is thus some likelihood of production balancing consumption this year, of stocks remaining at their present level, and of prices ruling higher than at present, but approximately the same as in 1981.
Influence of Native Production.
If, however, the average price forį 1932 is to be the same as in 1981, there will almost certainly be a further contraction during 1938 in reduced production from European- owned estates, from which about 50 European outputs, and, therefore, a small advance in prices. But any per cent. of the world's supply of
advance in prices would encourage rubber is derived, although
nativo production, and native pro- siderable, difference, of opinion! duction would thus be a factor exists as to what is likely to be the tending to stabilise prices at a low Level In these circumstances, it
extent of the reduction.
con-
Estimates of the probable decline]
In output this year, compared with seems improbable that any serious impression will be made upon 1981, vary from 100,000 tons to atocks during the next two years, 130,000 tons. Taking the higher figure, and assuming that world or that prices will rule ́at a re- consumption and native production munerative level so far an European will be on about the same scale producers are concerned, always assuming, of course, that consump-| this year as last, supply should just tion does not take a strong upward about equal demand, since 180,000 turn..
tons was the amount of the in- crease in stocks last year.
By virtue of the rapid response which native production makes, to There is considerable justifica- tion for assuming that consumption any improvement in prices, Euro- will be on approximately the same pean producers can scarcely look scale this year as hast, and there for any relief through decreased are some grounde for assuming production. Decreased production that native production will not there will be, but native produc show any substantial alteration. Itition, as already indicat d, will tend European can be ressonably anticipated that to keep prices down.
if European output contracts by growers must, therefore, pin their Every description of Backing sud Exchange beak will be some advance in prices until there is an expansion to de-}
about 180,000 tons this year, there hopes upon consumption, and not Trustee and Executorships under-although, In view of the present mand, far greater than at present, huge stock total, the advance musat can there be any improvement in Fized Deposits a: Bates that may be asorialsed therefore, that the average price appears that so far as the United INTEREST allowed on Current Accounts and be small. It is quite probable, their position. And I certainly
J. B. ROSS,
this year will be bout the same States, the chief rubber consumer, [7, Queen's Road Central,
Manage as in 1981; that 1, in the neighs concerned the likelihood of any Hong Kong, 7th April, 1932. bourhood of 8d. per pound. In that important expansion in the next
year or two is not very great.
The menace of native production would have been equally great!
on application.
FOR SALE:
Collections of Postage Stamps mounted in books. Each collec tion contains stamps all different, without duplicate.
500 Stamps
1,000
Kodaks and Cameras.
1,500
Films, Plates a
and Papers, etc. Developing, Printing and "Talerging,
2,000
2,500
3,000
| 3,500-
· 4,000
5,000
Blagapore Boarabar Bydney
6,000 $10,000
$130. $600
Price Moderate,
A Trial Order la
Selicited.
GRACA
CO
Dealers
Lre. Stamps,:
CO
ZIESS and BUSCH
FIELD, GLASSES,
WHOLESALE PRICES under restriction, however, owing
IN HONG KONG.
Decline Continued.
to the difficulties of control; while | It is fortunate that the idea of restriction has been dismissed, for the danger of any appreciable advance in price with its corres- ponding discouragement to con- sumption would have placed the In- As massured at the Statistical dustry in a much more precarious Branch of the Imports and Exports position than is now the case.— Department wholesale prices in Financial News:
Hong Kong during the first quar-
ter of 1982 continued to decline, failing.5 per cent, as compared
"LID, CERTIFICATES.
with the preceding quarter and Mesars, A. Goska & Co., local 8.4 per cent as compared with the agents for the Siclete Internation- general average for the year 1931. als de Plicements,” Basle, adviau The following table shows the us that yesterday's official quotation course of price changes einze Basie was $292.11.6000 1918
∙1929571
at the
INTRODUCTION OF
A NEW ORCHESTRA
PENINSULA HOTEL
THE
"CAPITOLIANS "
UNDER THE DIRECTION
OF
DICK LEUTERIO
NIGHTLY
7.00 p.m. to 8.15 p.m.
and
9 p.m. till 12. midnight
ORCHESTRAL
*
DANCE NUMBERS.
FOR TABLE RESERVATIONS
Phone 58091.
THE HONG KONG & SHANGHAI HOTELS, LTD.
MACLEANS PEROXIDE
TOOTH PASTE
BRITISH TO THE TEETH.
Stocked by all Pharmacies, Dispensaries- and Departmental Stores.
Agents
W. R. LOXLEY & CO.
-but now
you can
REMEMBER
teeth are living parts of your body. They may be ill through lack of the proper nourishment-Calcium.
Cure your teeth
from within-
KALZANA, the Calcium food, is the new iden in the care of the teeth. For many years people thought that a clean tooth could not decay. Yet however carefully we cleaned them they always did decay. For your teeth are living organs of the body; they may be weak, they may be ill and underfed. Through microscopic canals they get their food (calcium] from the blood. Work teeth, give continnque trouble. By Kalzana, the callum food, you can make your teach strong and White and prevent decay.
"Kalarna mahse the teeth strong and hard and av ́ ́ tooth decay. "I have often man extraordinary Taulía.“ Four eth clean with a dentifrice, but make them strong with altana. Only then will you be real
zaria will make your teeth hard and
strengthe
whole bod
constitution, and
Kalzana
-Kong"-11th Marth, 1982.
100.0 106.3
51998/1404-1