BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authocleod Capital ......................... 100,000,000 Eseged and Frály Paidup mamom 20,000,000 Baserre Punda:
Temure ♣ 0,500,000 ............................ $10.000,008
Bierling Bilver
Barve Edebilty of Proprietors $20,000,000
HEAD OFFICE KONO KONG.
BJARD OF INRECTORS
Ilon. r. J. Patero Chairman
T. &. Pra, E. Deputy Chairman,'
Hon. Mr, W, H. Bell, A. I. Compiu. Enq M. T. Jahnan, Enj 0. Miskin,
AMOY BANGKOK HATAVIA DOMBAY
CALCUTTA
CANTON CHEFOO COLOMINO
DAIREN
YOOCHOW
HAIPHONG
A flower, Esq. r. It. It. Shaw, Esq
J. P. Warren, Esq.
M. Grayburn, Esq. Chief Hanspor
DBANCHER-
LONDON LYONS MALACCA
MANILA
MUAR (Jadoes)
KUKDEN
NEW YORK
PEIPINO
PENANO
RANGDON
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
THE CHINA MAIL.
THE HO HONG BANK, LTD.
(Bstablished. 1917.)'
HEAD OFFICE-SINGAPORE Hong Kong Branch: 15, Quom's 14. C.
Authorised Capital Straits $80,000,000 Leaned Capital Paid-up Capital
8,000,000
6,000,000
4,000,000
1,687,000
Incorporated by Royal Charter, 1855 Reserve Liabilities
of Stareholders. Surplus ......
Branches, Agencise and Carrapon- dente in the principal cities of the $8,000,000 world. $3,000,000
Every description of Banking and Exchange bustuvas "transacted. £3,000,000
TAN ENG HOOL
HEAD OFFICE: LONDON,
Paid-up Capital
Beserve Fund
Reserve Liability of Pro-
prietors
Agencies and Branches:
ALOE STAR
AMBITHAR
IUCHING
BATAVIA BOMBAY CALOUTTA
· ΟΑΝΤΟΣ
DAWNPOR GXBG COLON BO DELET
RAPRONO HAMBURG.
BANKOW
HARBIN
BONO YONG
HADRAB MANILA
KEDAN NEW YORK:
PEPING (kitty
PEYANG
RANGOON
BAIOON
Макрос
THE NATIONAL CITY BANK OF NEW YORK,
HEAD OFFICE: 65, Wall Street, NEW YORK.
Capital, Surplus and
Undivided Profts U.S.$226,503,778.
Branches in
SEMARANG
SEREMBAN
SHANGHAI
BINGTORE
SITIAWAN
BOURABAYA
TAIPING
TIENTSIN
ARGENTINE
LONDON
TOKOKAH (BHJkm)
TSINOTAJ
BELGIUM
MEXICO
YOKOHAMA
BRAZIL
PANAMA
CHILE
PERU
CHINA
and
General COLOMBIA
CUBA
KUALA KANGSAR ZAMBOANGA
(LOILO
POE
KABACHI
КОВЕ
SAIGON
KUALA LUMPUR
KAN TRANCISCO
SITANGHAL
Foreign Exchange
ITABBIN
SINGAPORE
HONG KBW
KOTHADYA
SUNGEI PATANI
TIENTSIN
TSINGTAO
ITAMINIRO HANKOW
ILOILO
JOHORE
КОДЕ
KOWLOON
KUALA LUMPUR
TOKYO
YOKOHAMA
Current Account opeurd in Local Currency and Fixed Inganlts received for one year of shorter l' in Local Company and Beeting on trem which will be quoted an application. Rong Kong, A1, April, 1812
HONG KONG SAVINGS BANK.
The Bowman of the above Bank is conducted the HONG KONG AND SHANGHAT BANK ING CORPORATION. Rus may be obestand sa application.
FOR THE KONGEONO AND SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manage.
Hong Kong. 17th February, 1932.
THE BANK OF CANTON, LTD. Established 1912.
Head Office:-Hong Kong.
Authorised Capital (H.K. Currency)...$11,600,000 Paid-Up Captial
8.668,000 Resorts Fund 1,100.000
BRANCHES:-
Unlost Shanghal, Hankow, Swalow, Bangkok, New York and Sws Francisco.
LONDON DANKERS
The Lizyd's Bank, Liralted.
CORRESPONDENTS
In all principal cities of the World.
Foreign Exchange sod baking bustness of
avery description antedi
Sale Deposit Boxes (various sizes) as a yearly
pantal of mom 25 la "$40.
LOOK POONG SHAN,
Chief Manager.
THE BANK OF CHINA.
行銀國中
Reorganised October 26, 1928, under
special charter of The National Gov-
stament 4 ап
INTERNATIONAL EXCHANGE
BANK.
Bubscribed Capita!
Pald-Up Capital
.$25,000,000.00 .824,710,200.00 3,820,508.83
HEAD OFFICE: SHANGHAI.
Reserve Funds ...
HONG KONG BRANCH: 4 Queen's Road Central,
Dwing 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 hadde the taue of Bonds and geber Public Funds of the Chin
se Government both at home and abroad.
SHOU. J. CHEN,
Manager,
Hong Kong, 5th March, 1981.
Banking business transacted.
Current Accounts opened and Pix. DOMINICAN ed Deposits received for one year or
REPUBLIC shorter perioda at rates, which will be INDIA quoted on application.
ITALY JAPAN
J. STUART,
Manager. Hong Kong, 11th April, 1932.
THE NATIONAL COMMERCIAL
SAVINGS BANK, LTD.
CURRENT ACCOUNTS. Cheques Cashed in 15 minutes while you wait.
SAVINGS ACCOUNTS
We offer good rates of interest.
TOTAL RESOURCES $19,000,000
PHILIPPINE
ISLANDS PORTO RICO
STRAITS
VENEZUELA
French
Commerce and Finance
Cotton Goods
Quota
Permits To Be Issued In Manchester
Manchester, May 14. grave inconvenience and loss would A meeting of firms interested in be inflicted on those traders who the trade in cotton goods with accepted orders and possibly even France took place yesterday at the forwarded the goods In the hope of offices of the Manchester Chamber securing & quota, only to find the of Commerce, with Mr. Ernest goods held up for an indefinite Sudlow, chairman of the Europe period at the French ports. It was Section of the Chamber, presiding. therefore unanimously decided that The purpose of the meeting was to it would be better if quota permits receive a report from Mr. Sudlow were issued in this country and t SETTLEMENTS and the other delegates, representa was agreed to request the directors URUGUAY
tive of all sections of the cotton of the Manchester Chamber of trade, who accompanied him on a Commerce to allow the Chamber to Commercial and Travellers' Letters recent mission to Paris in connec take on the work of being the au of Credits, Travellers' Cheques, Bills tion with the French scheme for thorised body, for the issue of per of Exchange and Cable Transfers limitation bought and sold.
of of Imports Current accounta
cotton/mits. and Savings Bank accounts
goods by a system of quotas. The The second major problem was and Fixed Deposits in local and for-delegation's discussions had been the basis on which permits should & may be ascertained an application to French cotton industry, and it was eus alternatives the meeting was in eign currencies taken at rates that with the representatives of the be granted. After discussing vari- the Bank.
We are also able to offer our Cus. yesterday reported that the conclu-clined to the view that the only tomers the services of the Branches aions reached would shortly be em-method which would work satisfac of the International Banking Cor-bodied in a French official decree torily would be one in which permits poration in Spain and also of The which would prescribe the quanti-were granted by priority of applica National City Bank of New York ties of cotton goods to be admitted tion. (France), S.A., in Paris and Nice.
It was felt that it would be into France from the United King-jnecessary to safeguard the trade dom in the coming months.
against the possibility of any, firms
EFFICIENT-TRUSTWORTHY-
RELIABLE-COURTEOUS.
144-150, Des Voeux Rd. C.
E
NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V.
{NETHERLANDS TRADING SOCIETY!
.f
BANKRES.
Briablished 1834.
Elona Kona Orice:~ll, Queen's Bond Castes Authorised Capital
Galders 150,000,000. Guildén 10,000,000. Guides 10,016,000
Paid-up Capital
Reserve Fund
Head Office:--ÁMSTERDAM”, Eastern Head Ofɔa:—BATAVIA. Branchen-Bendjarmasin, Bandong", Boudha J.
Uslovila, Oberibon, Dr Dick jakarta', The Higna", "Jiddah, Lobe, Makasar, · Mulan, Palembang, Pris- longa, Pasang, Bangoon, Rosserdam*. Batatang", Thanghal," Blasopas, Boom- bain, Boerakarta (Solo), Tegal, and Weltevreden".
"Tysletjep
• Thane offices have Bale Deposit Boxes to Ze
LONDON BANKERS — NATIONAL PROVINCIAL, `BANK LTD.
Correspondants all over the world. Backing Bual cess af krecy description transected.
A. STRIKINE,
More Song, la: December, 1981..
THE
opened
R. M. MCLAY,
Manager. Hong Kong, May 18, 1932.
(TAIWAN GINKO.)
Until the official pronouncement misusing the basis of priority of is made it was not possible to report application by applying for a larger upon or discuss the amounts of the quota than their orders entitledi THE BANK OF TAIWAN, LTD. quota, but the meeting was inform- them te, and it was thought that ed that it was highly desirable to stiff penalties would be necessary in consider various attendant prae-this connection, either by way of HEAD OFFICE:-Telpek, Formosa.tical problems in readiness for the the refusal of further quota per- actual operation of the new quota mita to Arms making improper when it was made known. It was applications. made clear at the meeting that The Chamber is to keep in touch traders generally profoundly de- with the appropriate authorities int Bank-Notes lesovi Arestant To. 1.000,00plore the interference with trade France and London with a view to
Incorporated by Special Imperial
Charter, 1899.
Central Bank in Formos
BRANCHES AND AGENCIES:
JAPAN --Toyko, Yokohama, Kobe, Deake FORMOSA, E, Kuwaka,
Klung.
which. quota schemes necessarily in the early formulation of a concrete acons, Kato, Samald W, Taleho, al volve, but, faced with an unavoid scheme. In the meantime publicity able necessity, traders are clearly, is being given to the measures con- CHINA-bangal Healow, Amy, Foochow obliged to give their best endeavoura templated in order to enable firms
Tokat, Tacasal, Toan, Bik. Taltor
Swatów, akin. OTHERS-Hang Long
Slugsporn Sobeys, to make the system as Semarang, Batavia, Dombey, London, Naw York, Dairen.
as possible.
LONDON BANKERS: Barclays Bank, Ltd., Layds Dsok, Ltd., Midised Bank, Ltd., Weinissier Bank, Ltd.
The Bank has Correspondsuis in all the prind pal Commercial Centre ihroughout the world, E NAGURA,
Mag.
HONG KONG BRANCH
1, De Varux Hood Central. Eung Koc December 31, 1991.
THE MERCANTILE BANK OF
INDIA, LTD.
HEAD OFFICE:"
15, Gracechurch Gma, London, EC..
Authorised Capital
Subscribed Capital Paid-up Capital ....
The Bank of England & Midland
Bank, Ltd.
Paning
.£8,000,000
1,800,000
1,050,000
Reserve Fund & Rest
1,217,927
BANKERS:
BRANCHES
Bangkok
Ipoh
Batavia
Kanis
Bombay Calcutta
Kurschi
Kota Bharu
Kala Lipis
Kuala Lumpur
Madras
New York
Colombo,
Minogue.
Pithi Gulia
Hosish
AMERICAN EXPRESS COMPANY.
INC.
Head Office>-65; Broadway, New York List P
U.8.$6,000,000.00
.U.6.$1,882,882.04- U.8.$1,458,118.78
THE YOKOHAMA SPECIE BANK, LIMITED.
Capital
Surplus
Reserves
BRANCHES---
Amierdam Astarry
HAT Hansberg
Pira Poda
· Established: 1889,
Capital (fully pild-up) Yes 106,800,055 Koserve Fund
Yen 117,200,000
Kend Ofen--TOKOHAMĄ.
Benachos and Agencies st:
Nagasaki.
Niroya
Newchwang
New Talk Osaka
Paria
Peiping
Kangoon
'Rio de Janeiro
Branches of American Express Com pany in Principal cition of United States of Ameries and Canada.
All
Gomb ́undertakes
Port Louis
(Mauritius) fangoon
Shanghai
Bimla Kusten (Pakang) Singapore Sourabaya
workable who may not have been present at the meeting but who have an Inter- o major problems arise and est in the market to approach the were considered at the meeting. Chamber for details and submit The firat is whether it is less suggestions or criticisms. It should detrimental to trade to have quota be realised that once a definite systems administered by the scheme has been adopted the whole Customs authorities in the country trade will be bound by it and the of destination or by some appro-Chamber cannot do more than give] priate body in the country of origin. this public opportunity to interested It was the view of the meeting that parties to participate in influencing if the quota was applied in France decisions.
LOCAL MARKET LIFELESS.
Dollar Remains Steady
at 18. 2.7/8d.
INSULL' GROUPS
Receiver for Their £50,000,000
Co.
A petition for a receivership for Middle West Utilities, the holding concern of the vast Insull Utility group has been filed. The com- pany has a capital of more than £50,000,000, and the receivership will be the largest in the history of #American inchistry.
The Hong Kong Dollar continued steady yesterday at Is. 2.7/8d. but the local maket was lifeless.
In London silver was unchanged and there was small business on quiet market which ruled idle after Krery description of Banking and Exchange besi. the official fixing of rate.
HONG KONG BRANCH.
zmą trasasoladi
Travelines Chaque troved.
Traster and Executorships under York, and the market was dull
Silver went down 1/8 in New
taken.
INTEREST allowed Current Accounia and i Flued Deposits at Bates that may be sacertained on application.
J. B. ROSS,
Manage 17. Queen's Bend Casiral,
Hong Kong, 7th April, 1982,
ALEXANDER INSTITUT DE BEAUTE Phone: 25169.
Artistic
Doubts that the company could arrange to meet the £2,000,000 of] notes maturing on June 1 and other * Chinese Exchange.
bank loans falling due later to a At the local Chinese Exchange,
total of approximately £5,500,000, iast evening. Canton Central Bank are the chief reason for the action. notes were quoted at 54.4 per cent. the Lincoln Printing Company, taken. The petition was filed by while Hong Kong dollar notes, in exwhich claims to be a creditor for change for Kwangtung silver, were
at a premium of $422 per $1,000.
London Silver. Prices.
London, Yesterday. Closing silver prices in London to-day were:
June 6 June 7. Spot
· 16-7/8′′ 16-15/16 Forward 16-16/16 (179) The London on New York cross rate Was quoted. :- #1--G$8,89----- Beuter,
THE 22,000 U.S. BANKS
für Single System
$1,800,
The operations of the concern extend into thirty States and 5,000 communities. About 100,000 stock holders
.are affected owning 15,000,000 Common shares and 600,000 Preferred shares. Are ceivership, it is hoped, will protect disintegration of the company's stockholders, prevent the complete properties, and permit of re- capitalisation on a sound basis in a few years.
(Continued from: provióus Column.) Recently Mr. Meyer gave evi- dents to the committee that a large number of the recent failures A scheme to set upon alugiés avoided if there had been a unified of small banks could have been
tem
United Stat all under!
system of control Benstor Glass
eed, that it would be
hole banking
WEDNESDAY, JUNE 8, 1932.
There's No
n! Magic About it!
WE LIFT THE. SHADOW FROM YOUR CLOTHES.
WHAT AN IMPROVEMENT WHEN THEY COME FROM THE STEAM LAUNDRY DRY
CLEANING DEPT.
No Shrinkage or Loss of Colour on Gabardine, Palm Beach, Silk, Alpaca or
Mohair Garments.
Our Steam Pressss cannot Scorch. Shine or Spot.
THE STEAM LAUNDRY CO. Sanitary Laundrymen, Dyers -and Dry CleanOTO,
HEAD OFFICE & WORKS: Mongkok. Tel. 37032.- KOWLOON HOTEL DEPOT. Tel. 58545.
HONG KONG DEPOT: 69, Queen's Road, Central. Tel #1973. PEAK HOTEL DEPOT. Tel 29071. FENINSULA HOTEL (Visitors only).
HONG KONG HOTEL (Visitors only), 78, WYNDHAM STREET.
SPECIAL VALETERIA SERVICE.
No. 2, PENINSULA HOTEL ARCADE, Tel 58081. No. 864, Nathan Road (Next to Majestic Theatre), Tal. 58906. No. 80, queen's Road, Centrál. Tel. 21879.
MAN LOONG. PRESERVED GINGER MANUFACTURERS.
A
NEW SEASON PRESERVED GINGER Best Quality Prompt attention to Exporters. Office:-2, Dundas Street, Kowloon. Tel. 57088. Factory:-2, Godown, Praya, Dundas Street, Mongkok.
ANNOUNCEMENT WE have been ap
pointed Sole Agents for Hong Kong and South China for the following British manu- facturers:-
RUSTON & HORNSBY, LTD., Engineers, Lincoln, England.
Manufacturers of:-
Horizontal & Vertical Airless Injection Cold Starting Oil-Engines;
Horizontal & Vertical Gas Engines;
Suction Gas Producers: Boilers;
Steam & Diesel Engine Road Rollers; Portable Steam Engines;
Centrifugal Pumps;
etc., etc.
RUSTON LISTER MARINE CO., LTD., Imperial House,
Kingsway, London.
Manufacturers of:
Marine Airless Injection Oil Engines up to 330 b.h.p. Also Auxiliary Equipment...
R. A. LISTER & CO., LTD., Dursley, Gloucester, England,
Manufacturers of—
Vertical Petrol and Paraffin Engines; Crude Oil Engines:
Electric Lighting Plants; Petrol Driven Trucks,
BROOM & WADE, High Wycombe, Engla
Manufacturers of
Air Compressors, etc., eter
We have engaged the services of an expert en
Messrs Ruston & Hornsby, Complete knowledge, of the manufacturers referred
eceive our careful and prompt
REISS, MASSEY & CO LTD
2