BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION."
- 1i
Authorized Depilal mımmımızın
$80,080,000- Camisel Fully Paid-up 30,000,000. Serve Funde s-
Shurling
Silver
$10,000,000
Kamera Liability of Proqriskóm B80,000,000 |
HEAD OFFICE, HONG KONG,
BOARD OF DIRECTORS 12.
Hon. Mr. J. J. Paleroco.
Chairman.
T." Z. Puron, Loq Deputy Chairman.
Hon. Mr. V. H› ‹Bal!!.
A. B. Campion, Raq... JL T. Johnson, Esq. 3. Making. Eng.
AMOY
BANO FOR
BATAVIA
DOMBAY
CALOUTTA
CANTON. BENO KOOLOMBO
DATREN FOOCHOW HAIPHONG
HANBORO
HANKOW HARRIS
BONOKEW
CLORO
ГРОИ
JOHORE
KOBE
KOWLOON:
J. A. Plumese
T. . . .
J. F. Warvon, Weg,
V.. M. Grayburn, Kat. (Chief Manegwi
BRANCHES
EGALA LUMPUR
LONDON
LTONS
MALACOA
MANILA
MUKDEN
NEW YORK
WEEPING.
PENANG
RANODON
SAIGON
BAN FRANCISCO
» SILANO HAL
SINGAPORE
SOURASYA
SUNGE PATANI
'TIENTHIN
TOITO
THINOJ LO
ZOKOHAMA
Current Arresté opened in Looni Durranay and Fixed Deposita salvet for a gas or shorter periods in Local Company and Ebeling
__THE_CHARTERED BANK 'OF INDIA, AUSTRALIA & CHINA.
THE HO HONA BANK,”
(Established":"1917.)
HEAD OFFİCE:-—SINGAPORE LOGAL BRANCE:34:
13 Queen's Road Central
Authorised Capital Stemits $20,000,000 Issued Capital
Paid-up Capital
Incorporated by Royal Charter, 1863. Reserve Liabilities
HEAD OFFICE: LONDON.
Paid-up Capital
Reserve Fund 27.
Reserva Liability of Pro-
peletora
$9,000,000 «£8,000,000 |
$8,000,000)
Agencies and Branches:
ALOR STAB
KUCHING
MADBIS
KAKLA
MEDAN
AMRITSAR BANGKOK BATAVIA
BOMBAY
CALUUTTA CANTON CAWNPORE C2B2
DOLOKBO
DELSI
HAIPHONG
HAMBURG
ЛУКОЙ
NEW YORK'
PMPING (Paklog.
PENANO
RANGOON:
BARON SEMARANG SEREMBAN
SILANG HAT
БЕХОДРОБЕ
SITIAWAN
- SOURABAYA
TONG KARL Dhuket). "
Banking business transacted..
Shareholders
#
H
8,000,000 4,000,000
of
4,000,000
THE CHINA
Commerce
Finance
BRANCHES and AGENCIES in the NEW YORK STOCK
principal cities of the world.
Every description of Banking and Exchange business transacted.
KO LEONG HOE, Managing Director.
THE NATIONAL CITY BANK OF NEW YORK.
HEAD OFFICE: 55, Wall Street, NEW YORK.
Capital, Surplus, and
Undivided Proâts U.8.$225,503,775.00
Branches in
Current Accounts opened and Fix-JAPAN ed Deposits received for one year or shorter peridda at rater which will be quoted on application.
I
A. H. FERGUSON,
Manager.
Hong Kong, 8th July, 1932.
LONDON
MEXICO PANAMA PERU
TPINE
URUGUAY
EXCHANGE.
A.O.F.C. Quotations.
and
SHARE MARKET.
The official summary of the Stock Exchange issued yestery day:-
There has been a smart rise in Ewos and Hotela to-day. The for New York, Yesterday.
Last To-day's Changes mer, has declared an interim divi- Aver. Avera
dend of $5 candereens per share, 60 Industrizia 89.99 68.90 49 down which was rather unexpected, and, 20 Rails.....28.62 28.63 .01 up 20 Utilities.29.29 29.15 14 down consequently, produced a good
Mesars. E. A. Pierce & Co. re-effect on the market generally. |port:-The market is easy. Bust
Sales. nese done: 4,400,000 shares.
Last To-day's Price Price
51 78% 551⁄4
of Credits, Travellers' Cheques, Bill Drugs, Inc. of Exchange and Cable Transfers
Eastman Kodak Current accounts bought and sold..
General Electric and Savings Bank accounts opened and Fixed Deposits in local and foreign General Foods currencies taken at rates that may be General Motors ascertained on application to the Bank. International Harvester 31
We are also able to offer our Cus- International Tel. 4 tomers the services of the Brancher
Hong Kong Banks, $1,560, Union Insurances, $469/470. H.K. Hotels (Old), $10.85. Hong Kong Lands, "78. Ewo Cottons, Tis. 14.30.60. Telephones (P.P.), $28.60.. Cements (Combined). $15.70.
Buyers.
HK. Hotels (Old), $10.90. HK. Hotel (New), $10.40. Hong Kong Lands, $78.
ARGENTINE
BELGIUM
KARBIN
BRAZIL
Air Reduction
53
EDHT SONG
KUAR (Jshore)
ILOILO
[
ΤΑΥΡΙΝΟ
CHILE
"Allied Chemical & Dye 80
IPOH
TIENTSIN
CHINA
American Can.
* 54
KARACHI
COLUMBIA
ELANG
·THINGTAO
H
FOBE.
YOKOHAMA
CUBA
PORTO RICO
American Telegraph &
Telephone
1134
KUALA LUMPUR
ЗАМВОЛУПА
DOMINICAN
STRAITS
American Tobacco "B" 78%
78
Foreign Exchange
and
General
REPUBLIC
SETTLEMENTS | Auburn-
78
76
INDIA ITALY
Borden Company
31%%
29.%
VENEZUELA
Canadian Pacifc
13%
132
Commercial and "Travellers' Latters
Consolidated Gas of
New York
Union Insurances, $160.. China Fire Insurances. $620. H.K. Steamboats. $224.
56%
554
Union Waterboats, $20.
"41%
42
Raubs, $38.
Du Pont de Nemours. 40
39%
H.K. & K. Wharves, $140.
53
53.1
H.K. & W. Docks, $19,
18:3
184
28%
28%
Providents (Old) $5.
15%
15
$2%
Tel.
9
11
& of the International Banking Corpora Liggett & Myers "B" 56
tion in Spain and also of The National Loew's Inc. City Bank of New York (France) Pacific Gas & Electric 28 SA. in Paris and' 'Nice.
Pennsylvania Railway 16% Radio Corporation ... R. M. MCLAY,
Sears "Roebuck Manager. "Hong Kong, May 13, 1932.
55
28
27K
28%
15%
.7%
8%
23%
22%
Standard Oil Company'
of New
36 Зетиву Socony-Vacuum Corp. 11%
.34K* . 11
Carbon
25
26
Union Pacific
88%
8714
United Aircraft &
Trans.
144
14%
United States Steel.. 42% Westinghouse E. & M. 35.
"denotes ex dividend.
42%.
84%
Reuter.
berned which will be qunlad on application: Hong Kong. 6th April, 1982.
HONG KONG SAVINGS BANK.
The Budrais of the shore Bank. ir aondereshet.
HONG KONG AND BRANORAL BANK INO CORPORATION. Bules may be ebisland all-soglastion.
com fat BONOLONG AND CHANGHAI MEKING CORPORATION,
V. M. OBATBURN,
Chinć Maangor.
Hong Kong, 27th February, 1932.
THE BANK OF CANTON, LID.
Established 1912.
Head One: Hong Kong.
Amikorled Capital (H.K.. Ourony) ...$11,000,000. #ld-Up Capital
man $660,00 1,100,000
BRANCHES :-
Canton,
Shanghai, lankaw,'
Swałów,
Bangkok. Now - York and Gaz Pregolsoo
LONDON BANKERS:—
The Lord's Bank, Limited,
CORRESPONDENTS
Le all priscipal clilms of the World.
Forms Exchange and baking budases of
erry, Amcription transacted.
Sala Depoali Decas (various cima) si a poorly
·rendal of from 15 to $40,
LOOK POONG BEAN,
Chief Manager.
THE BANK OF CHINA.
銀國中
Reorganised October 26, 1928, under
special charter of The National Gov- arnment as 30.
-INTERNATIONAL Exchange
BANK.
Subscribed. Capital
.$25,000,000.00 1.324,7)-200,00- Reserve Funds .....8,826,08.82
Paid-Up Capita!
HEAD OFFICE: BHANGHAL
HONG KONG BRANCH: 4. Queen's Road Central.
Owing to our numerous branches in China and large connections in the im- portant commercial centres of the world, we are able to extend to our elents special facilities for domestic. and foreign banking and exchanges.
We also handle the issue of Bonda
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
EFFICIENT TRUSTWORTHY-
RELIABLE COURTEOUS.
144-150, Des Voeux Rd. C.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
· (NETHERLANDS. TRADING SOCIETY,
BANKEBS.
Hublished 1874,
Hong Kong Offer:-li. Quaea's load Coptral.
1
.1. 80,080,000
THE BANK OF TAIWAN, LTD. Union Carbide
{TAIWAN 'GINKO.)
HEAD OFFICE:Taipeh, Formosa. Incorporated by Special Imperial Charter, 1899."
Central Bank In Forces,
Dask Notes intued Average amount ...Yên. 45,060,806: BRANCHES AND LORNOTES:
||FAPAN 1—Tokyo, Yokohama, 'Koba, Onaka.
FORMOSA -Ok. Engi. Kamnio, Keelung..
Makong, Nanto, Ahlenhiru, Taichu. Telman, Tako
. Tamoul Toon. Hallo,. Talio
| CHINA :--Shanghai, Hankow,
Bwatow, Canton,
Amoy Foothow,
OTHERS-Eng Boati "Singapore, Soerabaya, Semarang, Batavia, Bombay, London, New York, Daimas,
LONDON BANKERS ;.
Barclays Bank, old, Lloyds Bank, Lid Midland Bank, Lid... Westminster · Bank Ltd.
The Bank has Correspondents in all the principal Commercial Centres throughout the world. K. NADURA,
{HONG KONG." BRANCH ;
13.. Des, Varuz Rond Central. Hong Kong, December 34, 1981.
Authorized Capital 1.150,000,000 ALEXANDER Paid-up Capital Reserves
1.20,015,000 INSTITUT
DE BEAUTE
Hand Odia:—AMSTERDAM",
Eastern Had Oficə :-—BATAVIA.
Beauchas 1---Baqdjarmasin, Bandoang", Bombay,,|
Caleutia Cheriton,
•Djumbe, Djak
Jakarta, The Hagun", "Janak, Zobe Makassar....Modas, Palembang. Pole
Phone 25169.
Fodder Building (Let Floor)
songan. Pensong. Bangoon, Rostardam*, | Opposite · Entrance to
„Bemarang”, „Blangbal, Singapore, Boers-
sis, Coerslegte (Solo), Tags, a
and Wallstredea®,"
*Thane offices by Bais Deposit Boxes to Lat
Hong Kong Hotel
Manager
יו
EXCHANGES.
Bank, wire
TO-DAY'S QUOTATIONS.
On Lendoa...Nr.
Bank, on demand
1/8% 1/3%
Bank, 4 months" "aight 1/4 Credits, 4 months'
sight
On Paris-
On demand J.
Credits, 4 months'
Ewa Cottons, Tls. 14.60. Hong Kong Trams, $22.90. Peak Trams (New), $72. Yaumati Ferries (Old). $34. Yaumati Ferries (New), $33. China Lights (Old) $18. China Lights (New), $171⁄2. Hong Kong Electrics, $7734.
FRIDAY, AUGUST 12, 1932,
Malabon Sugars, $23.
Cements (Combined), $15.70.
Dairy Farms, $274. Watsons (Old), $12.80. Lane Crawforda,- $5.40. HK. Amusements, $19. United Theatres, Tls. 5. Constructions (Old), $7%. H.K. Govt. Loans, 3% Premium.
Sellers.
Hong Kong Banks, $1,560. Benguets, $165. H.K. Hotels (New), $10.50. Hong Kong Lands, $78.
CARROLL BROTHERS...
Shares:-
PARLOUS PLIGHT OF FARMING.
Auctioneers' Help Proffered.
CREDIT QUESTION.
The presidential address of Mr. H. Mordaunt Rogers, London, at the annual meeting of the Auc tioneers and Estate Agents Insti- tute of the United Kingdom, in, the Municipal Pavilion, Bournemouth,
The following" is the latest recently, was listened to with the cabled quotations of Shanghai greatest interest by a large num
ber of members. China Finance Corp., 75:45, International Investment Trust
Co. Ord., 17. Cathay Land, T11.50," Yangtaze Finance Co., 6. International Assurance
* T4.05.
China Realty Co.; Til: Shanghai Land Investment
$24.75.
Dealing with agriculture the. president said that there were roughly 30,000,000 acres of agri- cultural land in the British Islea.. Of those less than one-third were Co., now arable
In the last ten years permanent grasa land had increased by over Co.. 1,000,000 acres and arable land had decreased by 1,800,000 acres. New Engineering & Ship Build The area under wheat had decreas
"Ing Works Ord, 15.75 ed by 600,000 acres, barley and oats Shanghai Dock & Engineering by 400,000 acres each, and potatoes
Co., T84..
by 180,000 acres. That had, of Shanghai & Hongkew Wharf Co., course, contributed enormously to
* T216,
unemployment in agricoltural
The gist of views he had obtain Ewo Cotton Mills, Ltd., T14.25.ed from agricultural members of Shanghai Cotton Manufacturing the Institute was that the present
Co., 476,
Government was trying to do
ተነ
Shanghal Electric Construction areas.
Co. B', T28.75...
Zoong Sing Cotton Mills, Ltd., something for agriculture, but at
11.
great deal more must be done be
American Asiatic Underwriters, fore the industry could again, be
Ord., 725.
American Oriental
Corp. 'B', T2450,
come a thriving one. Agriculture Finance was a very difficult industry to sa
sist, and what helped one branch did not help another.
Asia Realty "Bearer"; 27, » Chinese 5% Gold & Bonda, 1925,
-60%.
HAWAI'S COMMERCIAL
IMPORTANCE
POPULATION NEARLY EQUAL TO SEATTLE.
aub- pur-
"
System of Credit Sales.
The importance of the auction as a medium for the marketing of agricultural produce of all kinds was universally recognized. The scheme promoted by the Farmers' Union recognised it, and the series of marketing reports issued by the Ministry did the same.
There was one factor in regard. to that matter which could not be too strongly kept in mind-the question of credit. The members. of the public in general did not realise the extent to which credit For a
The Hawaiian Islands to many. Navy establishments for are a refreshing memory of a de-sistence and maintenance lightful and lovely vacation where chases alone. The privite par entered into the matter. the warm, deep blue surf ripples chases of the Army and Navy per small commission on sales, the through coral reefs and over golden sonnel are in addition.
auctioneers gave considerable lati sands to the green fringe of bow- The purchasing power of 870,000 tude to purchasers in the matter ing palms and tropical flors; where people is surprisingly steady we of credit, and took the risk of bad the climate is genial and life is are told. The industrial pay rolls, debts. gentle amidst romantic atmosphers, the Federal activities, the tourist
He was told by competent agri- 1744 nom. Hawail to others is ignificant be influx and the supporting business cultural advisers that the scheme
cause of its position at the cross-activities have insured a ∙stable
which was at present under con- roads of the Pacific and for its buying power, higher than average. alderation, however good it might commercial importance, writes R. The income tax that Hawail paid appear on general grounds, was 625 nominal B. Koeber, Manager Research, De- to the United States Treasury dur-likely to come to grief on that im- partment, San Francisco Chambering the fiscal year ending June, portant point of credit. Indeed, it of Commerce, in the Pan Pacific 1931, amounting to nearly $5,000,- would seem that the present sys- Union Bulletin.
000, was substantially ahead oftem of credit sales could not pos-
585
sight
On Berlin-
On demand
Nom.
On" New York-
On demand
23
Credits, 60 days sight 24% nom.
On Bombay
Wire
870%
On demand
879
On Calcutta-
Wire
87%
87%
On Bingapor
On Manila— demand
On Shanghai—
>
On demand
75
A VISIT WELL CONVINCE YOU.
On Yokoham 3-
On demand
88%
strous Oil Permanent Hair Ware which are Large. Soft and Natural, On demand Artistic Finger and Marcel. Waves: Dí Treatment, Shampooing, Henna Fack NATIONAL PROVINCIAL BANK LID,
(any colour), -Hair Cutting 125 Mani- cure for Ladies
Gentlemen Con- Correspondente él over the world. Basking Busciantions, Artistic Work by European On
LONDON BANKKEN :--
Imans of every description texansoted.
A. BTOXEINI,
Manager. Hong Kong, fist June, 1982,
THE
Expert, Mr. Alexander.
CHARGES MODERATE.
and other Public Funds of the Chin- AMERICAN EXPRESS COMPANY, For
ess. Gavernment both, at home sid abroad.
Hong Kong, 5th March, 1981.
ING.
SHOU J. CHEN,
Manager.
Head Office68, Broadway. New York.
Capital Surplus
U.S.$5,000,000,00
U:S.$1.882,332.04|
US 458,116.73
THE YOKOHAMA SPECIE BANK LIMITED.
Established 1880.
Capital (fully paid-up) Yeu1,00)600,000
Reserve Fund.
¿Yen 117,200,000
Head Office:--YOKOHAMA
chon, and Agencies “at:
(Dalny)
@Nagasaka“
Nagoya
Newchwang
New York
Osaka
Pribing
Rangson
akden) Rio de Janeiro
Ban Francisco
TONE QUALITY, BEAUTY
DURABILITY, obtam the UJA
MORRISON
CPLANO
merloan Express Com FOR SALE OR HIRE pal, cities „iaf... United: 'Bestas"of "Amaélés" and Canada.
All classes
On demand
Sovereigns (Bank's
buying rate) Silver (per oz.). Bar Silver in Hong
Kong.....
1/4% nom 18 15/16
Nom
Copper Cash Sovia Nom. Copper Cents
Rate of Native · In
terest"...
836% Pa Chinese Sub. Coiri,29% dis. Hong Kong Sub. Coln %% dia
LONDON EXCHANGES.
88 15/16.. 8.484
London, Yesterday.
New York
Montreal
4,001⁄2
Brussels
25.12
Geneva
17.90
Amsterdam
· 8,67
7814
Milan. Berlin Stockholm Oslo
Vienna Copenhagen Prague Helsingf Madrid
14.813
19.474
19.81/82
29 nominal
18.78 118
2321⁄4 48
· Lisbon
∙110
Commercial Banking
TSANG FOOK PIANO Buchare
COMPANY
Belgrade
investm
Hawali, the third fastest grow-thirteen of our states.
sibly be continued if the scheme ing section of the United States,
Federal Money.
came into operation. Federal money, for major con- during the past ten years, was ex-
Mr. A. J. Burrows, proposing a ceeded in rate of growth only by struction projects in connection vote of thanks to the president, re- California and Florida.
with Army and Navy Bases ferred to Mr. Rogers'a remarks on To-day, Hawail has a population amounts to many millions of dol-agriculture. Never within living nearly equal to Seattle, Kansas lars. The annual tourist expendi-memory, he said, had agriculture City or Indianapolis. The great tures are in excess of $10,000,000. been in such parlons plight. Noth majority of the 370,000 people in Hawaii's purchasing "power ising the average farmer produced the Islands are in and about Hono-established on solid tangible re-could he sell at prices which would
sources. ilulu on the Island of Oaku.
cover the cost of production, with Were we to draw a map to scale Fourteen hundred vessels during the possible exceptions of poultry, based on freight rates from San 1980 called at Hawaiian porta, fruit, sugar beet and milk. Francisco, Hawalf would appear Trade gains based on quantity of though the fixed agricultural work- just outside the Golden Gate, not receipts in Hawail during the year ar's wage rate was entirely un- far beyond the Farallones-a dis-ending June, 1981, compared to the economic, they knew the labourer tance no further than an air line previous year were reported in 79 could not live in peace and com- to Sacramento or Stockton.
items in many classifications. In fort on less wages.
I
·AL··
What this means to San Fran- the group of vegetable food pro-
Remedy in Self-Help. claco and Hawaif is but partially ducts and beverages 58. Items
What was "the remedy?" Mr. symbolized in the shipments from showed gains: in the textile group Burrows asked. The decrease in Rawail to the mainland of more 55 items; in the metal and manu arable land meant less food pro- than $108,000,000 of products dur-factures group (excepting machin-duction and more dependence on Ing the year ending June, 1981-ery and vehicles) gains were the foreigner. How could they ar (a ̈6 per cent. gain over the pre-shown in 40 items; in the machin- rest that tendency 1 ceding year) and receipts of over ery and vehicles group 21 items, in The National Government "had
100 of goods from the the chemical and related products done somethin
which
*the preponderance of group 27; items in the wood and port duti
through the Fort of paper gropp 22 Items, in the non- For those San Francisco Ninety per cent. of metallic mineral group 12 Items; were grateful, but they Hawai's receipts originate in the in the vegetable products group these were only the first. Instal United States mainland of which (inedible except fibre and wood)ments of a much bigger pro- nearly two-thirds clear through the 12 Items; in the animal and animal gramme, and the first rangs of the Port of San Francisco and one-↑ products group (edible and ladder which agriculturists them eighth through other Pacific Coast inedible) 12 items and in the mis-selves, with some Parliamen ports. AWTHON TRA
cellaneous OT
group 14 items help, might be able to build on --- Varied Activities....
The total shipments from Hawaii which to climb to some measure Here in Hawall we find a friend gained $5.260,000 during the same of future prosperity
ly and nearby neighbour with period ending June, 1981. Tha But they inst help to build. numerous "and varied activities all | principal items, showing an in- ladder themselves. ricultural interwoven with the activities of grease, includa, sugar, (pineapples members of the Institute in con the United States. But particularly (hoth, fresh, and cann • Cokes, tact with landed interests, could do those of the San ♬ Francisco Bay Molagher, animar aide
much to help in the developm ition to enable fi
bones, hoofs, horna,
From the productive shores of grain, and grain these Islands hundreds of million Aberndance) lof dollars of sugar cane afd pins The abnormal rit
apples have been developed The conditions in the deep foundation sofa, the Perife mainland -have-not tions are being laidin mahizantrinothe Isla
bojan indur of unemp
acking work wo thened very likelysby
ply of help alwa
and