BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION,
Authorized Capital ..........
und and Fully Pulé-up
Lore Pundai-
BortiDE00808
Glver 10,000,
4.000.0
900,000
Scores Liability of Proprietor $20,208,800
ARAD OFFICE: HONGKOND.
BOARD OF DIRECTORS-
Boa. Mr. 3. J. Paterson,
T. E. Para, Zaq.
Deputy Chairman.
'Me Mr. St. IX. Ball.
Compton, Ext.
1. Jakaros, Pinj
*. Miskia, Zeq.
HOT
DANOROB
3. A. Pammar, Ta
1. I. B that, Boj.
3. 2. Waktua, Bog.
V. M. Oyba, Esq.
Chief Mungu.
BRANODES 1-
LONDON
LYONS
MALACOA
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,
Incorporated by Royal Charter, 1859.
HEAD OFFICE: LONDON,
Pald-up Capital
Reserve Fund
Reserve Liability of Pro-
prietors
£3,000,000 £3,000,000
.£3,000,000
ALON STAB
AMNITRAR
Agencles and Branches:
BANG KON BATAVIA BOHDAY CALCUTTA CANTON
CAWNPORE *KBU
COLOHDO
HAIPHONG
KUCHING
MADRAS
MAKILA
MEDAN NEW YORK
PEIRING (Pking) PEXANO
BANGOON
BAIGON
DELITI
SEMARANG
БЕЛЕНВАМ
HAMBURG
BHANGHAI
BANKOW
KINGAPURS
TARDIN
SITIAWAN
HONO FOMO
HOUILADATA
HAILA
TAIPING
IPOLL
MOEDEN
TIENTSIN
KABAOH!
TOKORAN (Dhokes)
NEW YOR駕
ELANO
THINGTLO
OGLOKBO
Кола
DAIGEN
YORQUAMA ZAMBOANGA
NATAVIA BOMBAY
CALOUTTA
CAKTON CHEFCO
FOOCHOW
BALLBONG
HAMBURO
DANKOW
HARDIN
HONDKEW
ILOILO
ΠΡΟΣ
JOHORY
ΠΟΛΕ
BOWLOON
KUALA LUMPUR
MANILA
MCAR (Jobare)
PEIFIKO
PENANG
BANGOON
BAIGON
BAN PRAECIPUO
BHANGHAI
SINDAPORA
BOUBABAYA · BONGEI PATANI TIENTSIN
TOKTO
TRINGTAO
YOKOHAMA
Carrunt Act opened in Local Outroy
and Fixed Depodia received for one you or shorter periods la Local Currows and Burling *s terme which will be queled on application. Mens Kong, dib ape??, 1531.
HONG KONG SAVINGS BANK.
The Bustion of the shove Bank la conducted by 13 HONG KONG AND CHANGULLY BANK- Buse they be chintuan OGRPORATION. appilation.
* THE BONGKONG AND SHANGHAI
4. LIKE CORPORATION.
T. M. GRATHORN,
Chand Manson -
Mong Kong, 27th February, 1939.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:--Hong Kong
Ruthorised Coplin (U.E. Corrency) ~~€11,000,000 Fald-Up Capital 1,645,00
cap 1,100,000 BRANCHES-
Be Fund .....
Clon, Shanghal, Hanzow, Bangkok,
and Ban Fikco.
LONDON HANKERS—
The Lloyd's Dank, Tlmised. CORRESPONDENT
Is it principal cities of the World.
Borsign azahange and banking busiasm of
description tractad
* Depolis Boxes (rarious simon) ni a guarly Toma of trata $5 to $40.
LOOK POONG SHAN,
Chief Manager.
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE:
15, Grisechurch Bizet, London, EC.A.
..£3,000,000 1,800,000
Authorised Capital
Bubscribed Capital
Pald-up Capital ....... 1,050,000 Reserve Fund Reat. 1,217,927
DANKEBB1
The Bank of England & Midland Back, Ltd.
BLANQUER:
Ipob
Kandy
Karachi
Bangkok
Bombay
Calouste
Koin Dhar
Gelombo
Hua Lipia
Doll
Kuala Lumpur
Urča
Hoa Loa
Fonsag
Port Loula
(Maurius) Bangoon Shaoghai
Sizola
Huantan (Palangi Singapore
Madena
New York
Bourabaya
HONG KONG DRAVER.
Every descriptices of Banking sad Exbangs bcal-
4ove tranaclodi
Teavaliers Chaque issued.
Trustee and Executorships under taken,
INTERRAT allowed to Current noun and Find. Doposta at Betos thus may be ascertained -on application.
J. B. ROSS,
Manago:. Queen's Blood Central. Hong Kong, 7th April, 1982.
THE YOKOHAMA SPECIE BANK,
LIMITED.
Established 1880.
Capital (fully paid-up) Ten 100,000,000
KUALA LUMPUR
General
Foreign Exchange and Banking business transacted.
Current Accounts opened and Fix ed Daposits received for one year or shorter periods at rates which will be quoted on application.
A. BREARLEY,
Manager.
THE CHINA MAIL.
Commerce and
Finance
NEW YORK STOCK EXCHANGE.
A.O.F.C. Quotations.
New York, Yesterday, Dow Jones Averages.
Last To-day's Changes Aver. Aver.
72 down 63 down .80 down
30 Industrials 60.80 59.08 20 tails.....28.02 28.39 20 Utilities ..26.00 25.80 40 Bonds
EXCHANGES.
TO-DAY'S QUOTATIONS.
On London-..
T.T.
On India-
..80.54 80.54 unchanged |- Mesara, E. A. Pierce & Co. Re- port: The market was compelled On Parts to absorb unfavourable news to- day, namely the reduction of U.S. Steel Preferred dividend, the amis- sion of an extra dividend by the Standard Oil of New Jersey, the unrest in Germany and the weak- On nass of Canadian exchange. the whole the market met the test satisfactorily. Business done:- 1,190,000 shares.
Air Reduction
THE BANK OF TAIWAN, LTD. Anaconda Copper Mining 7%
(TAIWAN GINKO.)
HEAD OFFICE:-Talpeh, Formoss.
Incorporated by Special Imperial
Charter, 1800,
T.T... On demand On Shanghai-
On Kobe
$245,225 PROFIT FOR HUMPHREYS.
Shareholders' Return
Of 9 Per Cent.
A mt profit for the year ended December 31, 1932, of $245,225.74, and after deducting Directors' Genen! Managers' fees and add- ing $59,924,89 brought forward from last account, is reported by Moss. Humphreys Estate and Finance Company, Ltd.
THURSDAY, FEBRUARY 2, 1993.
New Political Unit. In Canada
Economic System
Socialist Lines
On
MANY ADHERENTS
Ottawa.
"Our idea," Mr. Woodsworth ox-
A dividend of 8 per cent. and a bonu of 1 per cent. is recom-| mended by the Directors, and this payment will absorb $180,000.
Income for the Year WRE this $285,580.14, $261,880.84 of
A now political force is growing plained to Reuter's Correspondent,
"Is that the substitution of a Com-. figure coming from rents, while u
lin Canada.
monwealth in which production was sum of $4,530.80 represents un-
It is known as the Co-operative Inspired by human need and not claimed dividends, which has now
Commonwealth Federation. been forfeited.
Bre
It in private profit would end this anomaly
with
of the Federa-
The largest items of expenditure vited under its banner all those who of starvation in the midst of plenty was the allowanco to the General are dissatisfied with the present and would prevent this complete
cover state of affairs; political groups collapse.” Managers of $15,000, to
disappointed
Ambitious Programme. offler rent and salaries. Insurance which
and performances on properties amounted to an ex-the policies
The programme penditure of $11,558.08, and a fur-of the old parties and the forces of
tion includes: ther $11,984.08 was absorbed by discontent peculiar to periods of remuneration to the General Man-industrial depression and unemploy- Nationalisation of financial and credit system, with a view to regulating credit and investment The Annual Meeting of the It advocates a new economic sys-operation. Company will be held at the Hong terd on Socialistle lines and farmers. Abandonment of the golá Kong Hotel on February 18, at 11 and Labourites are behind it.' standard.
CITY'S TOO MANY SHOPS.
ment.
Its mission is proclaimed as "the Adoption of a policy of inflation. transformation of the productive! Public ownership of public system in Canada from one which utilities. makes for private profits to one
Ownership by the State or co- which supplies human needs.** joperative organisations of the In less than six months since its facilities and utilities incidentul to
Alberta-the Federation has drawn products.
One To Every 47 People birth-at a convention in Calgary, the handling and procession of farm
In Milan.
On-demand
1/834 1/9%
4 months sight
1/3
Credits 4 months",
sight
1/4
On New York
On demand
21%
Credits 60 days'
sight
22
On demand Credits 4 months'
Bight
556
595
84%
.... 84%
On demand
76%
On demand
1034
agers.
--Last To-day's
On Manila-
Price Price
On demand.......
4814
#
On Singapore-
001%
58
On demand
Hong Kong. 17th November, 1932. Allied Chemical & Dye 85% American Can....... 60% American Tel. & Tel. 104% ... 80% American Tob. "B"
Auburn
55%
83%
a.m.
On Batavia-
50%
101
On demand.......
54
574
On Saigon
7%
On demand
551⁄4
404
On Bangkok-
Borden Co,
21
Canadian Pacific
115
On demand....
145
Chrysler Motors.
19%
13%
Sovereigns Baok buy-
Consolidated Gas of N.Y. 57%
65%
ing rate
1/4%
Drugs,
Inc.
35%
34
Du Pont de Nemours
39%
37%
Bat Silver per oz.
.. 17
Eastman Kodak
5814 58
Bar Silver in Hong
17%
184
Kong
15 14%
Copper Cash
Nomina! Nondual
24
23%
Copper Cents
1% prem
General Gillette Safety
13
13%
17%
16%
Rato of Native In-
Internat.
Harvester
22%
21強
terest
Liggett &
Internat. Tel. & Tel.
0%
50% &Myers "B"
6/ 58%
Chinese Sub. Coin
82% Pai 30% dis.
Loow's Inc.
16/ 16
Hong Kong Suk Coin par.
Montgomery Ward
14% 139
30
38
2916
20%
18% 18
London, Yesterday.
4%
19%
10
Parls
Mangwe
Standard Oil Co. of N.J. 2912
254
New York
86 11/16. 3.38%
Socony-Vacuum Corp.
6%
6%
Montreal
4.04
Union Carbide & Carbon 26% Union Paclße
264
Brussels
24 11/32
76
75
United States Steel
28%%
26%
Geneva
17 17/92
Westinghouse E. & M.. 28%
$1.60 basis.
27%
Milan Amsterdam
66 5/16
gains, the Federation belleve, that Government servanta
8.43
+ $3 basis.
Berlin
14.25
Stockholm
18.45
often with disastrous results.
Copenhagen
22.40
Oslo
19
Vienna Prague
29%
1143%
Helsingfors
227
FRENCH COURT UPHOLDS RETAIL PRICES.
Madrid
41%
Athens
600
Lisbon
110
Bucharest
576
Belgrade
250
Rio
5% nom.
Montevideo Buenos Airea Bombay Shanghai
34 Nominal
courts.
2
41 0.R.
In one case several of the big-
1/8 5/82
Central Bask in Forspoon. Bank-Notas lasued Average amount...Yan. 15,000,000 DRANCHES AND ADENDIER JAPAN-Tokyo, Yokohama, Kobe Osaka.
Barenko, Kagl. FODMOSAI
Makong Nazca, Buchiku, Taisku, Talna Takso. Tag! Tosa, Helto, faito
Amoy, OKINA-8gbal, Biankow,
Foocom
Bispore, Boorabaya,
Bwater, Canton Con OTHERS-Hoog
Semarang, Betaris, Bombay, London, New York, Deiren.
LONDON DANKERS 1 Barclays Bank, Ltd., Lloyds Bank, Ltd. Midland Bank, Ltd, Westminster Dank, Ltd.
The Dank has Corespondente in all the prindys Commercial Centres throughout the world. E. NAGUDA,
HONG KONG TIRANOR 1
& Bes Your Road Cel Hong Kong, Desember 14, 19.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING SQUIETY)
BANKEDA,
#tablished 1954
Hong Kong Dick1-11, Queen's Hood Central
Dandong",
+
e Bond & Share
Electric
General Foods
Gener
Motora
National Biscuit
Pacific Gas & Electric Pennsylvania Railway Radio Corp.
Sears
Recbuck
વાત
LEAGUE OF NATIONS Contracts.
Only One Contract Of Value To Britain.
Authorized Capital.....f. 160,000,000
It has long been recognised 'in Paid-Up Capital ....... 80,030,000 Reserves
.......... 20,016,000 theory, if not universally in prac-1 tice, that he who pays the piper Head OF, ANSTERDAM*.
should call the tune. It has also Eastern Head (now 1—BATAVIA.
been general knowledge, If for a Branches-Handfermasin,
Dombey, much shorter period, that many of Calotie, Chaobom, Djamber, Fjok. inkaria") The Hague", Jab the High Contracting Parties to the Kakozar, Medan, Palambang. FinLeague of Nations do not pay their longan, Pony, Decgoon, Botterdam", Semarang Buanghal, 9tgapore, Some subscriptions with that promptitude bala, Garakarta (Bolo), Tagal, Tyllatjar which is considered with us to be and Walis redea”.
case of debts of necessary in the honour and that some of them are Thie even many years in arrear. being so It would seem only equit- able that those nations whiva are in
'The ones have Bala Deposit Boxes 10 Las
LONDON BANKERS: →
NATIONAL FROVINCIAL BANK LID.
Correspondante all cur the world. Banking Bul-good standing, among which is
| kase at weary dracolpiĵon transsojad.
A. STOKINE.
Manage
Hong Kong, 21st June, 1982
THE
AMERICAN EXPRESS COMPANY,
INC.
Head Office-65, Broadway. New York.
Capital
Jurplus Beserves
Eeserve Fund ................
Yon 117,800,000
max ALIME Athine Bada
Head Offers-YOKOHAMA
Barlia
Biarrita Bembay
Branches and Agencies at:
Alexandria a
Batavia
Berlin
Bombay
Calcutta
Dairen (Dalny)
Nagasaki
Nagora
Newchwing New York
OFAYZ
Paria
Pelping
Zangtien (Mukden) Bangoon
Hamburg
Hankow
Rabin.
Kong
Falaking
Kobe
Los Angeles,
London
Rio de Janeiro San Francisco Seattle
Semarang
Eangod Ringapore
Soarabaya
Bydney Tientsin
Tokyo Taingtas
U.S.$6,000,000.00 . U.S.$1,837-852.04 .U.S.$1,459,116.78
BRANCHES:
Kion
Kaplas
Parts
Penang
QDOR Glergom Havane Haaberg Home Interlaken Pelping
Targanlarn
Tosdos Baslow Area Idverpow
Cater Dalzo
Galatia
- Banner
Dolemba Dopenhage Einbands
Vioresce Cheers
· Laxor
Marsation -
Menila
Mastich
Montrea
Botterdam Bombe Blamboul Shanghal Southamptos Bingapors
Venlos
·Tokubarna Zuric
Branches of American Express Com pany in Principal cities of United States of America and Canada.
All claanes of Commercial Banking | Transactions undertaken,
Personal Investment accounts handled.
The Company offers to intending Travelers the use of Its ("Travolers!
Interest allowed on Current Ac Cheques and Letters of Credit and,
•countan
In addition, the world-wide services
Deposits received for fired periods of its thoroughly equipped Travel De- st ratos to be obtainad on application.{partment.
* EL MORIES
Manager.
Hong Kong, 20th December; 1882.
E. W. DUGGAN,
Manager.
LONDON EXCHANGES.
so many adherents to its support Measures designed to bring about that it may be reckoned to-day as aja moro-equitable distribution of There are 20,821 retail shops in factor of serious importance in the wealth.
Revision of the Constitution of Mih-one for ever 47 inhabitants next battle of the ballots.
Canada -and Federation
the provincial
Fascist Commerce are
Not Yet Official.
and re-defining of the
of
Although not yet a recognised responsibilities of federal and pro- serbusly preoccupied by this political party, the Federation convincial authorities.
Recasting of tariff policies to swarm of small shop-keepers anys stitutes an alliance directed against Raster. It is considered to be one both Conservatives and Liberals-encourage export trade and the wel. reason for the high rate of bank- and the claim is now made that it fare of the primary producer and runcies.
to consumer. will elect sufficient members An attempt was made some yeare force the old parties to form aj A non-party system of ago to check it by making every re-coalition in order to retain power.ment, and the elimination of secret taller obtain a licence and lodge a It would thus harass the old-time campaign funds and patronage.
It is announced that the next deposit before opening a shop. Conservative and Liberal dominanco
The reason why so many people that has held away aluce the birth step in organisation work will be ria their modest capital for small of the Dominion.
is
govern-
the provision of a channel for the
Western Canada supplied the admission of support from "white of callar" labour and from the profes- try to Federation's Initial sources add to their incomes by letting strength. The Western Labour alons. The Federation is deter ther womenfolk keep a shop, and Conference first espoused the move-mined not to lot the movement take on the complexion ... of a "class"
ment.
of struggle-Reuter.
Then the United Farmers Alberta and Alberta's farmer Gov- Jernment decided to give their sup portat least so far as the objec
with itives coincided
those of Alberta farmera.
The numerous Former-Labour the right of manufacturers to party of Saskatchewan then became govora the retail sale of their pro-affiliated, thus giving the Federa duct the marketing of goods have tion its largest accretion of strength just been concluded in the Paris since its formation."
Two law cases which concerned
gest perfume manufacturers In
Independents* Support.
THIRD ACCUSED
ACQUITTED.
Jubilee Road Trial Concludes.
Lam Yat, the third of three men
A majority of the sixteen In-charged with the murder of Lam
1/8 5/16 France sued retailers who had sold dependent Members of Parliament Kam-chuen on the night of Septem- Hong Kong
1/3%
their perfumes at prices either are said to have endorsed the move-bor 28, in a lonely spot in Jubilee 1/2 15/16 Yokohama
alove or below the prices stipulat-meat's programme. Further affilia-Road, was this morning acquitted by tions have been made by the In-Mr. Justice Wood at the Criminal South Africa 99%-100% per ed by the manufacturers.
Labour Party of Sessions £100 sterling. Silver Spot Silver Forward: 17 1/16 War Loan 3%.. 99 5/16
-British Wireless Service
17
Great Britain, should be given the flrat opportunity to obtain League contracts, especially those of some German Government recently. ex- value which are now being awarded pressed its willingness to make their in construction with the new build-latest contribution to the League in ing at Geneva.
the form of marks Inside Germany,
Manitoba, the Alberts Labour Party After Mr. R. C. H. Lim, counsel In the second case M. Albert and the Socialist Party of British for the prisoner, and Mr. J. A. Fraser, Prosecuting Counsel, had Columbia.
The court imposed fines ranging dependent up to £150. Bonneau, proprietor of five hotels in central France, was heavily fined for labelling wine bottles contain ing ordinary wine as containing famous brands.
FAIREY AVIATION CO. SHOW PROFIT.-
Still further. endorsement comes addressed the jury at length, a un from the Quebec Labour Party. animous verdict of not guilty was
Lastly-but perhaps most import-returned. ant-the United Farmers of Ontario have determined actively to re- enter politics and to affiliate with the Federation whore the latter's programme conforms with that of their own.
The Manitoba farmers are ex-
North-Centre.
CHINA MAY WITHDRAW FROM LEAGUE.
(Continued from Page 1)
Hence it is generally believed |that the discussions of the racom- mendations at Geneva during the next few days will determine the Chinese attitude to the League.
We are, however, informed by the but refused to provide any facilitles Federation of British Industries for their transfer to Geneva, a hint that, as far as can be traced, only that they would be delighted to sup.
The full accounts of the Fairey pected to join the movement within Jone contract of any value, has so far ply goods for the League Building.
This is what the President of the Come to this country, in špite of the
We are therefore glad to learn Aviation Company, Ltd., for the the next few weeks.
about the fact that representatives of firms that the Federation has sent a letter year to September 30 show trading have in many cases gone out to to the Department of Overseas profits of £185,640, against £174165. Federation has to say Geneva and done their best to over Trade pointing out that as Great There is £45,000, against £48,000, overment. He is Mr. J. S. Wood- come the difficulties of obtaining the Britain actually supplies a great transferred to general reserve and sworth, Labour M.P. for Winnipeg "We do not believe that capital- specifications. This appears to be proportion of the funds of the $40,000, as before, to patents re- due to the practice of specifying League her manufacturers should re
As announced, the Ordinary divi-am can survive much longer. We see the present system. head- specialities of foreign firms and to at least to given a fair share of the dead is to be maintained at 10 per
ing for precipice-with anarchy, The Chinese papers have agreed other obstacles which are placed in contracts of that body. With this
ship and Buffering as probable ancy regarding the Manchukuo consequence. That is why we question to Sir John Simon's have formed the Co-operativo "manipulations" at Geneva-Reu-
ter. Commonwealth Federation, A
Meanwhile, the local verna- cular newspapers continue to display great indignation over Britain's "pro-Japanese" atti- tude.
the path of British industrialists. opinion we are la hearty agreement, ont. The 10s. shares are quoted at fascism, dietatorship, untold bard- in ascribing the League's healt
That the matter is not unimport-As it is, we get little enough our of ant is shown by the fact that the the League-Engineering::
THE BANK OF EAST ASIA, LTD.
Established 1918. HEAD OFFICE:- 10, Des Voeux Road, Central TRONG KONG
Capital and Surpits Total Resources
over ELS 8,000,000.00 over H.$40,000,000.00. Every description of Banking and Exchange business transacted.
Current and Fixed Depoalt Accounts in local and for- olga currencies opened for clients.
Savings Account and Safe Deposit Boxes. Eranches and Agencies all over the world.
KAN TONG PO,
Chief Manager.
10a.
PROMINENT BANKER RETIRES.
Mr. Albert H. Wiggin, chairman d the Governing Board of the Chase National Bank of the City of New York, did not stand for re- dection at the annual meeting on January 10. Mr. Wiggin, who is end of the best-known figures in international banking circles, will ta sixty-five years of age this month ind has served the bank for 29 YURTS.
Nat revenue of the Scottish Stock holders Investment Trust amount- id to £7,517 last year compared With 24,085, In view of the con- tinued decline in revenue and the uncertainty of the immediate out- look, the directors consideredit nadvisable to pay the half-yearly Preference dividend due November 1.last,
HONG KONG BENEVOLENT SOCIETY.
The Committee of the above Society would be most grateful if those interested in its work would kindly send In their donations or subscriptions.
Money is urgently needed and funds are very low. No amount is too small and will be most thankfully received by the Hon. Treasurer.
MRS. E. I. WYNNE - JONES,
161, The Peak