BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Author Capital $50,000,000 Land and Puity Paid-up 10,000,000 Bowers Funds!—
Blecting. Bilt...
20,500,000 - $10,000,000
Reserve Liability of Proprietors................, $90,000,000
HEAD OFFICE: HONG KONG,
HOARD OF DIRECTORS:-
Hou. Mr. J. J. Polerada. Chairman
7. E. Paaros, Em. Deputy Chairman."
Hon. H. W: II, Bali
A. II. Campion, Esq. M. T. Jahnaos, Baq,- G. Miskin, Eng.
AMOY
BANGKOK
DATAVIA BOMBAY CALCUTTA
•CANTON VERPOO COLOMBO
DAIREN FOOCHOW
HAIPHONE
HAMBURG НАНЕСТ
HARBIN
TIOSOKEW
ILOILO
IPOH
JOHONE
KONE
KOWLOON
J. A. Plummer, Ex
... Shaw. Eaq. J. P. Warren, Esq.
V. K. Grayburn. Esq. Chief Manager,
BRANCHEB
KUALA LUMPUR
LONDON LYONS MALACCA MANILA
HUAR (Jobore)
31UKDEN
NEW YORK
PEIPING PENANG
BANGOON
КАПОК
SAN FRANCISCO
SHANOJTAI
SINGAPORE
KOURARYA
SUNGE PATANI
TIERTAIN
THINOTAO
TOKYO
YOKOHAMA
Current Arrunte opened a Local Currency and Pland Deposits repeired for pos year of aborter periods in foral Company and Sterling on terms which will be quoted on application. Kang Kung. 5th April, 1992.
HONG KONG SAVINGS BANK.
The Business of the above Back lé annducted the HONG KONG AND REAGHAT BANA
I CORPORATION. Bulan may be označnad
naco.
TOS THE HONGKONG AND SHANGHAI BANKING DORPORATION,
V. M. ORATBURN,
Chief Managır
Hong Kong, 27th February, 1931.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:-Hong Kong.
Authorised Capital (H.R. Curmacy)...$11,000,000
P-Up Capital ......
Beserve Fund
-**** 19,000,000 1,100,000
BRANCHES ---
Canton,
Shanghai Hankow,
Swalow,
Naw York and Bar Preoriaca.
LONDON DANEERS
The Lloyd's Bank, Limited.
CORFESPONDENTA
In all principal plites of the World.
Veroiya Exchange sad banking businhas, of
svery description tracted.
Bal Deposit Bazas (raridus, alias) at a yearly
of from a $40.
LOOK POONG SHAN,
Chlet Manager.
THE BANK OF CHINA.
行銀國中
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853
HEAD OFFICE: LONDON,
THE CHINA MAIL.
THE HO HONG BANK, LTD.
(Established 1917.) ·
HEAD OFFICE-SINGAPORE. · Hong Kong Branch: 13, Queen's Rd, C.
Authorised Capital Straits $20,000,000 Issued. Capital
Paid-up Capital
Reserve Liabilities of
Shareholders
Surplus
8,000,000
祁
4,000,000
4,000,000 2,087,000
Branches, Agencies and Correspon dents in the principal cities of the world. .$3,000,000
Every description of Banking and £3,000,000 Exchange business transacted.
TAN ENG HOOI, #3,000,000
Paid-up Capital
Reserve Fund
Reserve Liability. of Pro-
prietora
Agencies and Branches:
ALOR BTAR AMBITUAR BANOTOK BATAVIA BOMBAT DALOUTTA CANTON GAWNFORE ORDU 001,030 DELFI HAIPHONG HAMBURO BANTOW HARBI RONG TONG TLOILO IPOR KARACHI KLANG KOBE
KUCKING MADRAS MAKELA MEDAN NEW TOAT PEPINO (Peking) PENANG RAHODON BLIGON BENARANG SEREMBAN BHANGHAI BINO PORE BITLAWAN BOURABAYA TAINING TIENTAIN TONOXAR (Bhukel) TSINGTAO YOKOHAMA
L
KUALA KANOBAR ZAMBOANGA KOALA LUMPUR
Foreign
Exchange
and General
Banking business transacted.
Current Accounts spened and Fir ed Deposits received for one year or shorter periode at rates which will be quoted on application.
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
Manager.
THE NATIONAL CITY BANK OF NEW YORK.
HEAD OFFICE: 85, Wall Street, NEW YORK.
Capital; Surplus and
Undivided Profts U.5.1225,503,775.00
Branches in.
ARGENTINE BELGIUM BRAZIL
CHILE
CHINA COLUMBIA CUBA
INDIA ITALY JAPAN
DOMINICAN- REPUBLIC
AD
LONDON MEXICO PANAMA PERU PHILIPPINE ISLANDS PORTO RICO STRAITS
SETTLEMENTS URUGUAY VENEZUELA
Commerce and Finance
TEXTILE COMBINES' RESULTS
FINE SPINNERS PASS ALL DIVIDENDS.
Losses Reduced from Previous Year's Figures.
MONDAY, JUNE 13, 1932.
LOCAL DOLLAR UNCHANGED.
Market Still Remains Lifeless.
The Hong Kong dollar remain-
EMPIRE TOBACCO POPULARITY.
The
Direct Result
Preference.
mowing popularity of Em-
ed unchanged at la. 8d. an pire tobacco manifests itself from Saturday. Locally, the market the window of every tobacconist's shop. But the alluring labels that was still lifeless.
In London, silver was down proclaim their contents Imperial teli 1/16th apot and th forward. only part of the story. China bought and sold, and there Empire tobacco enters into the was small business, the market composition of many pipe mixtures closing quietly steady. After the and cigarettes unannounced, and it
tobacco consumed in this country to- The directors of the Fine Cotton priations to the employees' benefit official fixing, the market ruled is fairly safe to say that of all the
Doublers' Associa-fund, which they do on a handsome idle, Spinners' and
In New York, silver declined day, over 20 per cent. Is British. Profits and allocations for
This position has not been easily tion announce that they cannot re-scale.
won. That it has been won at all commend any distribution to share-the last three years are shown beth, the market being dull.
is a triumph for the principle of holders in respect of the year end-low:- ed March 31 last. This announce-
Imperial Preference. It has taken ment is not altogether surprising
over a decade to make this inroad in view of the heavy call which had
into the virtual monopoly that American tobacco held and to over- to be made on undivided profits to pay the preference and preferred
come the conservatism of the Eng |lish ́smokers' palate. ordinary dividends for 1980-1, and In view of the fact that no interim distribution was made during the +year.
Shareholders, however, are likely to be pleasantly surprised by the results of the year's working as stated in the directors' announce ment. After charging £150,000 for depreciation there was a loss
Commercial and Travellers' Letters of £110,653, whereas for the pre- of Credits, Travellers' Cheques, Bills vious year, after charging £180,000 of Exchange and Cable Transfers for depreciation, the loss was bought and sold. Current accounts
When it is remembered
and Savings Bank accounts opened and $226,944.
Fixed Deposits in local and foreign that the financial year just ended & currencies taken at rates that may be included six months before the ascertained on application to the Bank, suspension of the gold standard in We are also able to offer our Cus- this country, it will be appreciated tomers the services of the Branches
of the International Banking Corpora- that the reduction of the loss is a tion in Spain and also of The National creditable performance, especially City Bank of New York (France), since tariffs and currency restric- 5.A., in Paris and Nice.
tions must have increasingly ham- pered the combine's foreign trade towards the end of the period..
Manager.
R. M. MCLAY,
Hong Kong, May 13, 1982.
We offer good rates of interest. THE BANK OF TAIWAN, LTD.
TOTAL RESOURCES
$19,000,000
EFFICIENT TRUSTWORTHY-
RELIABLE-COURTEOUS.
144-150, Des Voeux Rd. C.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING SOCIETY)
DANKEILS.
Established 1821.
Hong Kong Office:-II. Queen's Road Capital.
Authorised Capital Gulders 150,003,096. Paid Up Capital Builders 90,000,000
(TAIWAN, GINKO.).
HEAD OFFICE-Taipeh, Formosa. Incorporated by Special Imperial Charter, 1899.
Central Bank in Formosa.
The profit and loss account 18 credited with a sum of £200,000 transferred from taxation provision no longer required, and $200,000 is transferred to reserve against In- vestments in and advances to sub- sidiary companies. The following table, illustrating the results of the | last three years' working, is based
Houk-Suter jasurd &rtugs STROYRS Ven. (8.700,000 on the assumption that debeature
BRANCHES AND AGENCIES:
| JAPAN :~~Tokyo, Yokolama, Hobe, Osaka.
Kag. Karenko,
| FORMUSA, :—ran,
interest required the same amount
in 1931-2 as in the two previous
Makong Nante, black, Talc, Talan, years: Takao, TL, Tom Heito, Tallo. CHINA-hanghai Ham, Amay, Fooclaw,
Hwatow, Chalon. OTHERS :-Bong Kong. Kingapore. Soerabaya, Semarang. Belaria, Benbay. London. New Tork, Dairen.
LONDON DANKERS
Barclays Bank, Lid. Lloyds Bunk, Ltd. ikland Back, Ltd., Wastinater. Bank, Ltd. Thanks Componderis in all the principal Commercial Ceatres trapghout the world. E. NAQURA,
Mansge
1.
HONG KONG BRANCH:
4. Des Vimix Road Central. Hong Kong. December 24, 31.
Reorganised October 20, 1928, under Reserve Fund.......... Galilera 49,515,00 ALEXANDER
special charter of The National Gov-|
ernment as an
Subscribed Capital
INTERNATIONAL EXCHANGE
BANK.
$25,000,000.00
$24,710,200.00
$ 3,820,503,82
**
Paid-Up Capital
Reserve Funds
HEAD OFFICE: SHANGHAL
HONG KONG BRANCH:
4, Queen's Road Central.
Head Ofs-AMSTERDAM",
Enstaru Bend Diffic-BATAVIA,
INSTITUT
Braucheɔ ——Bandjermasin, Bandoen Bombay, DE BEAUTE
Calcutta, Cherrien, Djember, Djok Jakarta, Tha Heguo, Jiddali, Kabe, Makasar, Medan, Palembang Poka longan, Panang, Hangoon, Botterdam. Semarang, Shanghai, Blogspare, Soera. bala, Coerakaria (Solo), Tegal, Titijap and Weltevreden“,
• Then offers have Safe Deposit Boxes to th LONDON DANKERS-
NATIONAL PROVINCIAL BANK LID. Correspondents all over the world, Banking
A. STOKKINK.
Owing to our numerous branches iness of every description Ensacted,
China and large connections in the im
portant commercial centres of the Hong Kong, lal Documber, 1991,
world,
rid, we are able to extend to our
clients special facilities for domestic
and foreign banking and exchanges.
We also handle the issue of Bonds
THE
Manager.
Phone 20149. Pedder Building (1st Floor) Opposite Entrance to Hong Kong Hotel
Lustrous Oil Permanent Hair WaveG which are Large, Soft and Natural Artistic Finger and Marcel Waves, Oll Treatment, Shampootor. Henna Pack Bust(any colour), Hair Cutting and Mami- care for Ladies and Gentlemen. Con- acleations, Artistle Work by European Expert, Mr. Alexander
and other Fablic Funds of the Chin- AMERICAN EXPRESS COMPANY,
ese Government both at home and: abroad.
Hong Kong, 5th March, 1931,
U.S.$6,000,000.00 .U.S.$1,882,892.04 .U.S.41,458,116,78
INC.
SHOU J. CHEN,
Manager.
Head Office-65, Broadway. New York.
Capital
THE YOKOHAMA SPECIE BANK,
Surplus
LIMITED.
Reserves
Established 1880.
BRANCHES:-
**
Kloo
Glasgow Mareas
Naples
Reserve Fund
Yen 117,800,000
Beale Bertia
Hamburg Have
Blacrite! Interiako
Bombe Beume Bratis
Capital:(fully paid-up) Yen 100,000,000
Head Office: YOKOHAMA,
Branches and Agencies at:
Alexandria
Batavia
Berlin
Bombay
Calcutta
Amateriam
Antwerp Діапа
Banos Alem
→Jerusalemi
Tádo London
Nagasakl Nagoya Newchwang New York
Osaka Paris Peiping Rangoon
Liverpoól
Cales -Calcutta
Laser-
•Lagnaa
'Cadies'
Marsellian Colombo Constantinople Mozia Carlo Copenhagen kaburgh Полко
Dairen (Dalny) Fenglien (Mukden) Rio de Janeiro
Hong
San Francisco
Hamburg
Haakow
Seattle
Harbin
Kong
Semarang Shanghai
Bingapore
· Boerabaya
Tientsin Tokya
Honolulu
i-Yuen
Karachi
Kobe
London
“Los Angeles
Interest allowed
Deposits receit
to be obtain
المواد
Monich Moodraza KHAR
Pirmas Paris Fasing Paking Palerusta Rotterdam Bom Stamboul Shanghai Buckhampion Bingapons St. Morits Pastaln
Vizana
Venlos Yokohama
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 accounts handled.
offers
intending
CHARGES MODERATE
A VISIT WILL CONVINCE YOU.
LATEST INVENTION American Chemical. Diänionds.
in
الله
These diamonds are equal to real diamonds respects Epecially in brilliancy of lustre, hardness, Gan cut glaas like real Proof against fire, file acid, water, oll, etc. These diamonds can be washed with soap and water and can be used for more than 100 YOKTU. Price per carat H.E.$7.50. Terma Cash or C.O.D.
diamonde
Those who
Profit
Loss
From reserves
Brought forward
Available
Deb. interest
Directors' fees, &c.
Pref. and pref. ́ord.
dividends
Ord. dividend
Do. per cent
Off investments' Carried forward
Profit
Loss
Of investments
Carried forward
Profit
Lose
1981-2,
£
-
110,658 200,000 40,432 129,779 110,000 7,127
200,000 +187,348
1930-1.
་ ོ་
Profit.
LONDON SILVER PRIČES.
London, Yesterday. Closing silver prices in London to-day were:
June 10 June 11 10% 16-15/16 16% 17. The London on New York cross rate was quoted $1-G$8.67%.
CANTON EXCHANGE.
Silver at Premium of $425.
Canton Central Bank notes were
1981-2.
Profit
87,152
Fees, &c., pald
1,977
Debenture service
25,000
Depreciation
25,000
Net profit
85,175
Brt forward (net)
83,398
Spot ....... Forward...
Available
62,573
Dividend
25,805
Do. per cent
2 13
Employees fund Carried forward
8,000
34,768
1930-1.
$
55,008
Fees, &c., paid
1,189
Debenture service
25,000
Depreciation
25,000
Net profit
Brt. forward (net)
8,818 29,580
Available
39,398
Dividend.
Do per cent.
Employees fund Carried forward
38,398
1929-30.- £ 117,227
Debenture service
2,542 25,000
Depreciation
25,000
Net profit
64,685
Brt. forward (net)
30,057
Available
Dividend
94,742 58,062
Do. per cent.
7%
Employees fund
5,000
Carried forward
31,680
Profit
Fees, &c., paid
In 1919 the quantity of Empire United tobacco consumed in the Kingdom was about 1,500,000lb, or less than 1 per cent. of the total consumption. In September of that year a preference of is 41⁄2d per lb was given to Empire tobacco, and by 1921 the consumption had risen to 6,400,000lb.
In July, 1928, the preference was quoted at the Chinese Exchange increased to 2s, and the consumption here last evening at 55.4 per cent, rose to 14,500,000lb. In July, while Hong Kong dollar notes, in ex- 1926, the preference was stabilised change for Kwangtung silver, were, at 28 for ten years, and since then not looked at a premium of $425 for each Empire tobacco has $1,000.
back.
The following table shows the position to-day, as revealed by the this' figures of consumption in country for 1931:
GOLD OR STERLING
Shipbuilders' Claim From Shipowners
An interesting claim is being put forward by Messrs. Burmeister and Wain in connection with a contract for the motor ship Dag- hild, which was made in 1926 with John P. Pedersen & Son, Oslo (Ocean S.S..Co.). It was for a motor vessel of 9,150 tons gross with 3,500 h.p. machinery, the price being £169,000. £67,000 was
lb.
Foreign tobacco
.117,847,959
Nyasaland Indian
10,496,988
9,125,882
6,261,774
4,856,541
Rhodeslan Canadian
Other, including Union of South Africa
Total
1,948,725
.150,537,319
Thus last year the consumption
of Empire tobacco was 32,689,860lb,
to be paid in four instalments dur- or a little under 20 per cent. of the ing construction, and the balance total.
It will be noticed that
The profit of £87,152 is struck in ten equal half-yearly payments Nyasaland heads the list of produc after charging £8,966 for specific of $10,140 each, the Ocean Co. giving countries in the Empire. This depreciation, and £41,928 for ring a first mortgage on the vessel. tobacco is largely used for blending. Rhodesian tobacco is the best pairs and renewals; a year ago When the ship was nearly complet 3,491 was charged for specife deed, In December, 1927, the mort known by name to the general preciation and £42,524 for repairs cage deed was made out and in it public.
the was the clause that all paymente market 271 pipe tobaccos and 85 and renewals, and, moreover,
brands of cigarettes composed whol- profit and loss account was credited should be made in gold. with £11,523 from income tax ac- count no longer required.
a
There are on the English
I.I.D. CERTIFICATES.
Laat December a payment bely or partially of Rhodesian leaf. came due (there are still two Since 1926 the consumption of more) and it amounted to £11,062, Rhodesian tobacco in the United The balance-sheet shows re- including intereat. This amount Kingdom has increased by over 500 serve fund of £230,000 an invest-was paid by the Ocean Co. in steri- per cent. ment contingency fond of £45,000, ing, since the building contract and a depreciation fund (including did not state that payment should this year's allocation) of £132,888, be made in gold. This: amount, Liquid assets, excluding shares in however, represents only £7,727 in subsidiary companies, total £425,-gold (at the time in question) and agents for the Societe Internation.. 241, against which there are trade Burmeister and Wain are, thereale de Placements, Basle, advise claims for fore, claiming from the shipown-lus that yesterday's official quotation and loan creditors'
lers the balance, £3.825 in gold: in Baale was: £2.8. Od..
£91,812.
226,944
From reserves.
400,000
Brought forward
183,185
Available
356,191
Deb. Interest
110,000
Directors' fees, &c.
8,759
Pref. and pref., ord.
dividends
197,000
Ord. dividend
40,482
1929-30. $ *517,518
50,000
Brought forward
214,187
Available
781,685
Deb. Interest
110,000
Directors' fees, &c.
26,950
Pref. and pref. ord.
dividends
Ord, dividend
Do. per cent
197,000 264,600
8
14.30
188,185
£13.50
[200]
[22.73]
From reserves
Off investments Carried forward
purchase diamonds to the Including £100,000 from
H.K.$30 or more will get 20% dis count. Bend your orders direct to the American Chemical Diamond Co P.O. Bar No. 240, Pinang, 8.84 When ordering mention "China Mail'
PHOTO-SUPPLIES
Kodaks -Flims: Plates and Papers,
Devaloging, Printing-and-
Enta
FIELD
parations reserve,
Debif
"Slubbers"." Better Year. Like the Fine Spinners, the Rri- tish Cotton and Wool Dyers Asso- elation, Ltd, la also able to report batter results for the year ended March 31 last than for the previous In this instance, however, [year.
| shareholders" "will have a solid rea-
Bon for satisfaction, ince divi-NG!
of 1-3 per cent, for the year
mmended on, the £774,165 of which nothi
Mesers. A. Goeke & Co., local
AO.FC. Averago of Shanghat Stocks
TUESIT SEPRESENTARVI STOCKS
102%
seemed to be of a forc-14.55.
has been completed,
the past
as if this
nërál.
lays it doubt
vare fluence
in- mone
timent un...
•