BANKS
Ra
'HONG KONG AND SHANGHAI BANKING CORPORATION.
$50,000,000 Muthurived Capital Lund and Fully Pup. 20,006.988 Klasarte Funda :—
& 1.600,800- **** $10,000,000
darling suivante
Hesarro, Liability of Proprietors 9,00
WEAD OF FICH: HONG KONG,
BOARD OF DIRECTOR) :— Hon. Mr. J. J. Paterson.. Chairman
T. Pears, Eas
Deputy Chairman, wa
Mod Mr. W, I Beli
T.. Johnson, Eng..
MOT
BANG ROX
BATAVIA
BOMBAY
CALCUTTA CANTON CHEFOO COLOMBO DAIREN POOCHOW
HAIPHONG
KAMBURG MANKOW CARBIN HONGIEW .IZDILO
(PORT
JOHORE
100%
ROWLION
·ZU'À Plenum
Tan, Dog. F. R. Warma, Baq.
V. M. Gesyburn,. Zeqi Chad Manager.
BRANCHES whe
KUALA LUMPUR
LONDON
LYOND
MALACCA
MANILA.
HUAB (Jshors)
MULDEN
NEW YORK
FRIPING
PENANG
'RANGOON
RAIGON
KAN FRANCISOU
GUNOEI PATANI
SHANGHAI
RI HOA PORK
SOURABYA
TIENTSIN
TNINGTAO
. TOKYO
+YOKOHAMA
Current Arronte aprend la Loss Currency sad. Fixed Deposits mealed for one your or speler periods in Local Company and Berling leem which will be quiel un application. Hong Kong, Alb April, 1908.
HONG KONG SAVINGS BANK.
The Burities of the above Tank ja nostusied MI NI TONG SONG AND BEINGHAI TH NG CORPORATION. Balo way by abielust un spylivebion.
FOR ME HONGKONG AND HEANOHAI
KEING CORPORATION,
V. N. GRAYBOAŃ.
Quiet Mannqm. Hong Kong, 27th February, 1932.
THE BANK OF CANTON, LTD."
Established 1912.
Head Office:-Hong_Kong.
Authorised Capital (EX. Currsary)...$11,000,000
Mid Up Capital
Baserri Fund
·BRANCHES —"
1,844,000 1,100,000
Cantos Shanghal, Baskow, Bwever, Bangor, New York and Ran Pra
LONDON BANKERS ——
The Lloyd's Bazk, Limited,
CORRESPONDENTU
Krall principal altise of the Worldh
Foreign Exobangs, and beaking bassinen "of
avery Loncription teanasolado
Bals Deposit Bozen (Tarious uimaa)'wa a párty
meial of "from. 85 to $40,
LOOK PUONG SEAN,
Chief Manager.
THE HO HONG BANK, LTD.
('(Established 1917.) da
HEAD OFFICE !LOGAIS: BRANCH :--|
SINGAPORE.
THE CHINA MAIL.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Queen's Road Central
|-Authorised "Capital: Straits $20,000,000
Issued Capital *** Paid-up Capital
8,000,000
4,000,000
Shareholders
4,000,000
Incorporated by Royal Charter, 1853. Reserve Liabilities of
HEAD OFFICE: LONDON.
Paid-up Capital
Reserve Fund
£3,000,000 £3,000,000
Reserve Liability of Pro
prietors
£3,000,000
"Agencies and Branches:
KUCHING
ALOR STAR
AMBEVSAN
BANGKOK →BATAVIA
BOKBAY CALCUTTA CANTON
CAWN FORE
HAMBURO
ILOILO
IPOK
MADRAS
MANILA
NEW YORK
MEDAN
PEAPING (Paking).
PENANG
RANGOON.
BAIGON
BRANCHES and AGENCIES in the 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
Branches inim.
LONDON
MEXICO
PANAMA
·COLOMBO
Undivided Profite U.S.$205,444,512
DELIT
BENARANG
HAIPHONG
ERDEMBAN
SELANOMAI
ARGENTINE
HANKOW
SINGAPORE
BELGIUM
HARBIN
SITIAWAN
BRAZIL..
KONG KONG
„KOURABAYA"
TAIPING
CHILE
PERU
TIENTSIN
CHINA
PHILIPPINE
TONGKAR (link)
COLUMBIA
TEKOTÃO
YORDHAMA
CUBA
PORTO RICO
ZAMBOANGA --
DOMINICAN
STRAITS
and
General
REPUBLIC
INDIA ITALY JAPAN
SETTLEMENTS URUGUAY
VENEZUELA
KARAGETI
KLANG
KOBE
KUALA LUMPUR
Foreign Exchange
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.
:1
A. H. FERGUSON,
Hong Kong. 8th July, 1999
Manager.
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)
BANKERS.
Keinblished' 1894,
Hong Kong Offen:-11, Queen's Bood Content.
ISLANDS
and
Commerce
Finance
Duties Raise Prices
Close Market
Irish
Or
Producer And British
Consumer
WHICH WILL BE LOSER?
SIR HENRY DOBBS WRITES ON
ECONOMICS.
Commercial and Travellers" Letters duties on Irish Free State produce
THURSDAY, AUGUST 18, 1932.
CHINESE WOOD OIL
JAPANESE FACTORIES
ARE CLOSED.
IN SLUMP.
Foreign Demand Decreases.
Hurt By Collapse Of Kreuger Firm.
During last year, the market for
Tokyo, August 5. Chinese,wood cell, was dull and The Daido Match Company" an foreign demand showed no in-nounces that its factories in Hyogo (crease. Many reasons have been prefectures, ir in all, will be
given for this state of affairs, but closed until December 40? the two main ones are that on the Established in 1927, the Daido one hand, foreign importers, fully Company is capitalised at Y6,600,- aware of the danger of speculative 000, with an equal share of hoarding, began to adopt a more Swedish and Japanese capital. Its Conservative policy, and reduced output ranges from 60 to 65 per their usual volume of purchases, cent. of the total match production while on the other hand, Chinese in Japan. The enterprise has. merchants, seeing It was impos- however, been a 'complete failure. sible to reduce prevailing prices The loss of the China market. preferred to keep their stocks through the growth of the domes rather than to dispose of them attic industry, was inevitable, but a heavy loss.
the Company additionally lost With a view to encouraging practically all its important mar- shipments of the product a number kets. In Japan the Company has of steamship companies reduced indulged in cut-throat competition freight rates for wood all shipped with small factories.
+3
was further
There seems to have been little which the supply is almost un-to Europe to 20s, a ton, but this With the accumulating loss, the serious examination" of the ques-limited..
plan was checked by the export Company was forced to halve its tion whether the proposed British
No Firm Monopoly.
duty on the oll being increased. capital early this year. A dispute The Free State has, therefore, In the early autumn the supply of between the Swedish · and ̈ ́the of Credits, Travellers' Cheques, Bille of Exchange and Cable Transfers will fall upon the British consum no firm monopoly in fat stock. In oil was suddenly cut short by Japanese directors occurred, and bought and sold. Corrent accounts er or the Irish producer. Yet the "stores," on the other hand, it has severe foods, and, according to the though this culminated in the re- and Savings Bank accounts opened and correct answer to this question is more of a monopoly, because the Chinese Bureau of Foreign Trade, signation of Mr. Takigawa, the Fixed Deposits in local and foreign the essence of the whole business, British grazing industry cannot do Shanghai, some speculative mer-president, there currencies taken at rates that may be writes Sir Henry Dobbs in the without imported "stores," and chants began to accumulate oll, trouble. The suicide of Ivar ascertained on application to the Bank.
We are also able to offer our Cus Daily Telegraph.
Canadian "stores" not only de- and keep it off the market, expect-Kreuger accelerated the fall of the, ftomers the services of the Branches The Opposition asserts in geh- teriorate on the voyage, but are so ing profitable business through Daldo Company.
of the International Banking Corpora eral terms that the British con- wild that they cannot be managed this manipulation.
It is problematical whether small tion in Spain, and also of The National sumer will pay, while the Govern-in the small British folds.
As soon as they realised the manufacturers will be saved by City Bank of New York (France), ment party believe that it will he Of the other items in the list, very extensive nature of the floods, the failure of the Daido Company. S.A.. In Paris and Nice.
R. M. MCLAY, the Irish producer who will pay. the only one in which the Free however, they became anxious to Since the recent fall of the What answer do the statistics ap- State has a monopoly is that of dispose of their stocks, and had to Swedish Trust Russia, Germany Hong Kong, August 12, 1932.-.
pear to give?
horses, owing to their special accept considerably lower prices and Czecho-Slovakia have been ex- It will be convenient to take the quality. In "butter," porter, eggs, than was anticipated. Total exploiting former Japanese markets THE BANK OF TAIWAN, LTD. Year 1928, as this was the last bacon, swine. pork, sheep and ports of wood oil from Shanghai in various countries, and in order lambs, poultry, milk, hides and during 1931 amounted to 65,580 to compete Japanese makers will (TAIWAN GÍNKO.)
Here are the figures for the prin-skins, fish, oats and biscuits, there picula (1 picul1334 b), of have to exercise a thorough. con- cipal Free State exports to Great are so many competitors either in which more than half totrol of marketing as well as con- Britain and Northern Ireland of Great Britain or outside that the European countries,
solidate their capital. " those products which are now to Free State could not raise its
Manager.
HEAD OFFICE:—Taipeh, Formosa, Incorporated by Special Imperial Charter, 1899."
Central Bank, in Formoen. Bank-Notes asund Average act...Yes. 40.000,098. BRANCHES AND AGENCIES: JAPAN-Tokyo, Tokohama, Kobe. Oaks. FORMOBA :---Ğİran,
Kagi. Karenko, Ksalung, Mekong, Banio, Bhinchiku, Talcho, Tainan, Takeo Tamaui, Toen, Haito, Tatto CHINA:—Shongbai,
Esakow, SOY, Foochow
Bwater. Centon. OTHERS-Hong Kong, Singapore, Boarabaya, Semarang, Batavia, Bombay, London, New York, Dar
LONDON BANKERS!
Barclays Bank, Lidy Lloyds Bank, Ltd: Midland Bank, Lid, Water Bank, Ltd., The Bank has Correspondenta in all the principal Commercial Centres Lhroughout the world. 1. NAGURA,
TLONG KONG BRANCH:
•& Don Vaux Road Central- Kang Kong. December 24, 1951.
Manager
normal year.
be taxed with an ad valorem duty prices to the British consumer of 20 per cent.
Fat cattle,
Store cattle Butter Eggs
Bacon
Horses Swine
£ ..6,474,150
without forfelting his custom.
The conclusion appears to be that the Irish producer, not the
went
LOCAL SHARE.
The official summary
of the
British consumer, would have to Stack Exchange issued yester
day:
5,144,889 .4,517,769 pay by a reduction of price a Bri- .3,120,232tish import tax on all articles
The lower-priced issues again which he exports except on "store" developed further activity to-day,
.2,724,487
.2,325,453
..1,872,492
"Pork and pig meat .1,528,250 Sheep and lambs.....1,876,943 Milch cows. Poultry
C
984,681 899,970
cattle and horses..
tions.-#
Sales.
PRUSSIAN COMMERCE STILL SUFFERS. Improvement Set On World Parley.
4
.: Berlin, Aug. 5, The monthly report of the Prus-
resulting in a substantial turnover The Free State might, of course,in Hotels, Lights, Cements and sian Ministry of Commerce, based retaliate by a diacriminatory tariff Ewos On the other hand, Star against British goods. But, as the Ferries and Electrics were being Commerce in the various federal on the reports of the Chamber of British consumption of Danish, offered at below yesterday's quota-States declares that the hopes for Swedish, 'and Argentine products Products to Britain.
would probably increase, the ex- ports of British manufactured ar- Now the answer to our question, ticles and coal to these countries which of the two parties named is would automatically rise, and to pay, depends obviously upon the might be expected to compensate point whether the Free State has Great Britain for the loss of her a monopoly dr. quasi-monopoly of exports to the Irish Free State. The following "unclaimed tele the supply to Great Britain of the grams are lying at the Eastern Ex-articles exported. Bragobes:-Bandjermanin. Bandung". Bombay tension Telegraph Co.'s "office:--
THE BANK OF CHINA. 鷲行銀國
Authorized Capital
.1,150,000,000
Paid-Up Capital
1. 80,080,000).
Reserves
1. 20,016,000
Hand Once -AMBTERDAM”..
Reorganlaod October 26, 1928, under
special charter of The National Gov- ernment an'an
INTERNATIONAL EXCHANGE.
"BANK
Subscribed Capital ....$25,000,000.00|1..
Paid-Up Capital
Boserve Funda
"
$24, 00:00 .$ 3,820,003.82
HEAD OFFICE: SHANGHAL
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 clients special facilities for domestic and foreign banking and exchanges.
We also handle the issue of Bonds and other Public Funds of the Chin- 600: Government "both" at home and shroad
SHOU J, CHEN,
Manager
Eaters Hand (fos:~~BATAVIA.
Calouste, `Cheribon, Djembe,
Diaki
Makassar, Medan, Palang; Paka-
UNCLAIMED - TELEGRAMS.
jakarta", The Hagus", "Fiddah, Köbe, Vicente Lopez, Peninsula Hotel, Long, Young, Bangone, Bošterdam".from Manila. Bearing", banghal, Singapore, · Bonca- bais, Gosrakarta (Solo), Tegal, Tjašjap and Walletredog”.
* These offion have Sala Deposit Boxes to Tel.
1
LONDON BANKERS :--
NATIONAL PROVINCIAL BINE LID.
Correspondants all over the world, Banking Boat {ness of ovary discription testisuoted.
Manager.
A. STOKKINI.
Hong Kong, 21st Jane, 1932.
THE AMERICAN EXPRESS COMPANY, INC.
Head Office-65, Broadway..
New York.
U.5.$8,000,000,00 U.8.$1.232.882.04 .U.S.$1,458,116.78
Hong Kong 5th March, 1981:
Capital
́Surplus
· THE YOKOHAMA SPECIE BANK,
Reserves
LIMITED.
BRANCHES:
Established 1880.
Berlin Bombay
Yan.117,300,000
Monte-Carla
Capital (fully paid-up) Yen 100,000,000 Riservs Fund
Head Office:-YOKOHAMA.
Branches and Agencien at:
Alexandria
Batavia
Canton offe Changchun
| Nagasaki
Nazora Nowchwang New York Osaka Paris Pelping
Rangoon (Mukden) Rio de
Eoon
Honolulu,
Kobe
Branches of American Express Com piny in Principal citias, of United States of America and Canada.
Transactions
Dairen (Dainy)
Harbing
Crane Williams, Steamer Presi- |dent', Adams, from Singapore."
0. C. CLARKE,
Hong Kong, August 11, 1932
Free State Reprisals. Moreover, of the £44,720,000 It there is anything like a mono-worth of British exports to the poly, and Great Britain cannot Free State, more than one-sixth easily supply herself with these consisted of re-exports. The loss articles elsewhere, then the British of the handling of these re-exports consumer will either have to go would be less serious than would without or to pay the additional be that of the export of goods of price necessitated by the imposi-British origin. Manager.tion of the duty.
Again, if the Free State kept out | If there is no monopoly, than the British goods, the ships taking supply of these articles competing its produce to Great Britain would with the Free State will increase, have to return empty from British The following unclaimed tale and the Irish producer, having no ports, and would double their grams are lying at the omice of other country to which he can sell charges on the one-way traffic the Great Northern Telegraph his goods, will be forced by com- from Ireland. This would, in Company... (Limited) of Den-petition to accept a price reduced fact, constitute a heavy surtax on by approximately the amount of the export of Free State goods, the special discriminatory duty which would soon be found un- imposed on those goods.
bearable,
mark:-
Mr. Charles Thom, 201/207, Shomashulpo, from Kobe.
Miss Sonia Franch, Thos Cook from Shanghai..
Sydney Smith, c/o Seamen "In- stitute, from Antung, Jap.
FAY. JENBEN,
Superintendent Hong Kong, August 8, 1982.
3 નં ૧મ
COASTWISE
by
ALGIE BENNETE,
inter Cartoons
China Const.
book
on the
PRICE $1.00.;
Now on saldað
The mass of the Irish, ignorant It appears, then, that the idea of statistics, believe that Great that the British consumer would Britain cannot do without their have in the end to pay a British goods and must pay the duty tax on imports from the Free State This is the explanation of the com-
16 a delusion, and that, though with which the there might be considerable dis parative calm with threst of the duties was at first location in trade, Free State re received in Ireland,
*** | prisals on British goods would not for long be found practicable.
Stock from Sweden." Cattle of all kinds are by far the most important exports, their value being approximately $12,500,000 out of total exports to Great Bri
ANGLO-CANADA
tain and Northern Ireland of about STEEL DISCUSSIONS.
£45,000,000 About half these cattle are fat stock, imported for fmmediate slaughter and consump tion, and half are "stores" import- ed in lean condition for growth |and fattening" "by British graziers. -To what extent bas"the"
State a monopoly of these cattle? In fat' stock for the produ fresh beef, it has at prese of monopoly, for Canada
Britain Makes New Proposals.
Montreal, Aug lan, Pand
been conf
stad]
Hong Kong Banks, $1,560. Benguet Consolidated, $15. Raube, $89.70. **,
Benguet Explorations, 21 cta. Hong Kong Lands, $761⁄2- "Hong Kong Realties, $104.
Watsons (Old); $12.80. H.K. Amusements, $19. B. Ind. G. Bonds, 60 per cent. Buyers
Union Insurances, $460." China Underwriters, $2.80. China Fire Insurances, $620. H.K. Steamboats, $22 Union Waterboats, $20. Benguet Consolidated, $15. Raubs, $89
H.K. & W. Docks, $21. Providents (Old), $4.95. HK Hotels (Old), $10.90, Hong Kong Lands,: $76. HK Realties, $10.10.---- Ewo Cottons, is 144 Peak Trams (New), $7% Yaumati Ferries (Old), 134% Yaumati Ferries (New), $38 China Lights (Old), '$18.80. China Lights (New), $17.90. H.K. Electrics, 3781⁄4, Telephones (PP), $23.70. Malabon Supar 25
Cements (Combined) $35.80. Dairy Farms, $275453 Watsons (Old), $18, Lane, Crawfords, $5.40. H.K. Amusements," $193. H.K. Govt. Loans, 8% Premium.
Buy-Sellers.
Union Insurances, $470.- Banguet Explorations, Providents (Old) $5.10. Star Ferries, #98,3%.
China Lights (Old),, $18.65. HK Electrics, TANAWAT Constructions (Old), $7
an improvement in the world's economic situation, which had been founded on the Lausanne Confer... ence, have not yet realized and are. how set on the forthcoming World Economic Conference to be held in autumn, probably in London. Dur ing the period under review the internal situation in Germany was held up by the speculations on what the elections might bring: Only in a few branches of Industry did the fall in prices experience a check and there appears Httle prospects of "an" early improvement In the general situation. The only source of what ever little optimism there may be regarded as justified, is based on the expectation that the Reichs Government will tackle the prob lem it has to face energetically. Decrease in unemployment has ceased and is even likely to yield to a further increase. Nor is the Stock-Exchange marked by any special feature which promises better times and the whole credit situation tool remains still changed.
Un-
PRODUCTION OF CARBON BLACK IN THE UNITED STATES
Carbon-blackcan product United States during ed to 280,907,000' Ib.,. represents a decline cant from the recor 879,942,000 lb. în 1980. States Bureau of Min this constitutes {CTERSSĐT: TUcordad
handle district United Kingdom contin
the leading porters Um
and is foll Canada
I minh
those flller Canada, tyres
J