$50,000,00
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
authorised Capital ........................ Ineved and Fully Paid-op,000,000 Beurre Pride
Silver
£6.600,and $18.000 000
Best Liability of Proprietor $20,000,000
READ OFFICE; HONG ROXO
BOARD OF DIRECTORS –
J. E. Mary, Esq. Chairman.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1883.
HEAD OFFICE: LONDON.
Hearing
T. H. L. Mhan, Bay Deputy Channa.
W. it. Bell bay.
lon. Mr. J. Paterson. 12. Coinpica, Esq. 2. A. Mumm. Eng. B. Mr. C.EL.. Mackie, J. P. Warren, Eeq G. Wakin, Esq.
AMOT
BANGKOK
MATAYLA
BOMBAY
CALCUTTA
CANTUX
CHEFOO COLONDO
DAIREN
POOCHOW
EP12 NG BAYBURG HASKOW НАЙНЕ HONGKRW
لا الله
Frutl
JOHOR
KORR
KOWLOON
T. M. Garbers, Baj.
Chial Manager.
BRANCHES 3 --
KUALA LUMTUR
TANJIK
LYON
MALACCA
MANILA
MUAB (Joe)
MURDER
KEW YORE
PLIPING
PENAKO
RABOOON
SAIGUN
BAN FRANCISCO
BUANUAL
BINAA PE
BOJABATA
N-MASI PITAN
TIENTBIN
TOKYO
INOTAQ TUKOHAMA
Current Armutite oprands Toal Cormary and Pised Deposits received for one year or harter perioda in Lon Currency sa riarling on terme which will he quoted an applinalivUS. Hong Kong, 25th February, 1983.
HONG KONG SAVINGS BANK.
the Business Ultra Bank is condoskod by the HONG KONG AND BEANGHAT BAXE- Bu'n cay be shield ING CORPORATION.
of application.
o Tux GNGEʊNG AND SHAKOSAI 443FES CORPORATION.
1. M. GRATBUKS,
Mit Ma
Hong Kong, 25th February, 1983.
OVERSEA-CHINESE BANKING. CORPORATION, LTD. (Incorporated in the Straits Settlement) SUCCESSORS TO
The Ho Hong Bank, Ltd.
The Chinese Commercial Bank, Ltd. The Oversca-Chinese Bank, Ltd.
Head Office-Singapore.
Hong Kong Branch:-13, Queen's Rd. C.
Authorized Capital:-
Straits $40,000,000,00.
Paid-up Capital:-
Strails $10,000,000.00. Branches and Agencies in the princi- cipal cities of the world.
Every description of Banking and Exchange business transacted.
Paid-up Capital
Reserve Fund
...£3,000,000
£3,000,000)
Reserve Liability of Pro-
prietore
.£3,000,000
Agencies and Branches:
ALON STAR
ANKITKAR
BANIJAK BATAVIA BUMBAT CALCUTTA
CANTON CAWNTORE CEBO
COLOMBO
DLLET
BAIPHONG
BANKOW
BARBIN
HAN BURD
UONO KONO
11011,0
TROK
LUCHINO
MADLAS
MANILA
XEDAN
NEW YORK
FEIFING Ping)
TEXANO
BANGININ HALOK
ВЕДЕМНАЯ
BULANULAT
SINGAPORE
LITIASAN
BOCTADATA
TAIPING
TIENTRIE
TONURAT (Phuket)
TRIKOTAO
KAMBANGA
Foreign Exchange
KARACHI
KLANO
ZODE
REALA LENGUR
YOKOHAMA
Banking business transacted.
THE CHINA MAIL.
Commerce and Finance
CHANCELLOR ON TRADE FUTURE
V
"SEEN WORST OF THE DEPRESSION”
LOW PRICE
RECORD FOR
DUTCH TEA
Import Duty Rise Deplored.
RESTRICTED PRODUCTION.
proprietors.
London.
MONDAY, MARCH 13, 1933,
Correspondence. LANE, CRAWFORD'S STAFF
HELP TO QUELL FIRE.
ITo the Editor, "China Mail."1 - Sir-Re the Fire on Saturday backing night in the premises Powell's Building, I have been given Chinese to understand that the Staff
Crawford's Lape,
Twenty-three tea auctions were into the hold in Amsterdam during 1932, adjacent to
SPECTACULAR
FIRE IN CITY
ON SATURDAY
Powell's Building Gutted.
FIRE BRIGADE CHECKS FLAMES SPREADING.
The average price at the Dutch Restaurant long before the appear-
A greater part of Powell's Build- tea-auctions last year constituted ance of the Fire Brigade and ing, occupied by offices and the a low record for the past forty entirely on their own initiative, years, according to the annual re-coupled up and put into play the Hong Kong Electric Company's port of the Dutch tea-warehouse Fire Appliances of the Restaurant store and workshop, was gutted by and had a stream of water pouring fire shortly after 8 pm. Saturday
which premises,
is night. The damage has not yet-been the Restaurant, assessed but it is expected to reach: and the quantity of ten offered for materially helping to keep down a considerable figure.
14,069,766 kilo- the flames until the arrival of the The call was received at the grammes (39,942,485 lb) compared Fire Brigade. This will, I think, Central Fire Station at 8.10 and
14,527,889 kilogrammes; be verified by the Manager of thoj
eight engines were quickly on the "In my view any substantial I should feel myself justified in with increase in the present level of appealing to the people of the (31,961,366 Mb) in 1981. The aver- Restaurant.
I feel warranted in commending scene, but the flames spread. taxation would be a disaster of country once more, for sacrifices. age return
We might have to go to fields that per half kilogramme compared the action of the Chinese Staff of through the building, which is the first magnitude.”
We with 43 cents in 1931 and 69% the Restaurant to the Underwriters largely a wooden structure, with alarming rapidity, and in less R. NEVILLE CHAMBER-Iwe have not touched yet.
interested with the suggestion that than an hour, almost the entire
BIG TAX
salo INCREASE A DISASTER
totalled
M LAIN, Chancellor of the 'might have to consider pensions, of cents in 1934.
was 28 florin-centa
Yours, etc.,
DISINTERESTED.
AND
$50 DIVIDEND
$5 BONUS... Hong Kong Fire Insurance Co., Ltd.
1:
and General Exchequer, made this statement in which there have been no cuts up! The report further states that recognition of same be made by a
a speech at Birmingham recently. to now. But nobody wants to do the stock at the end of 1932 "cumshaw."
amounted to 3,000,000 kilogrammes "Demands of that kind would be (6,600,000 b) against 4,000,000 Current Accounts opened and Fix- The Chancellor re-emphasised that.
view that we have entered ed Deposits received for une year or his shorter periods at rates which will be upon the new year with the sense a calamity in themselves, and I kilogrammes (8,800,000 tb) at the quoted on appllestion.
that we have seen the worst of the jeannot think that any Government cad of the previous year,
would dare to contemplate them Dutch growers in the Dutch depression. A. BREARLEY,
Manager.
"I do not found that view," he unless in the case of the direct East Indies decided to restrict pro- Hong Kong, 17th November, 1932.
said, "upon any single area in the necessity, and, much as I desire to duction, shipments from British country. I am not thinking only of reduce taxation, greatly as I think India and Ceylon increased, re- Birmingham, nor does my informa- the country needs reduction, I sulting in an increase of stocks in source only, should say that reduction bought Londen, and a sharp setback to THE BANK OF TAIWAN, LTD. tion come from one
I get indications from many people at such a price as that was bought the price.
The report therefore deplores (TAIWAN GINKO.)
and from many parts of the land." too dearly.
By the Conversion Loan they "Therefore I say that unless con- 'the temporary rise of Datch import were going to save from the begin- ditione underwent some radical duties to 484 cents per hair ning of the financial year in April change for the worse we shall not kilogramme (por b)-Reuter.
touch pensloas, nor shall we con- next £29,000,000 a year.
BEAD OFFICE:-Taipeh, Formosa. Incorporated by Special Imperial Charler, 1899.
Back Holer found Average amount You. 45,000.
1988 as they were assumed
OR
that
roof had collapsed, and the first floor of two storey structure was doomed.
Only the splendid work of the Fire Brigade saved the other parts of the building and adjoining premises.
Jets of water were played on the flames from the premises of Messrs. Lane, Crawford's and the upper floors and fire escape, of Exchange Building, while- an- We are officially informed that other hose was operated from the General Managers and Consult the roof of the St. Francis Hotel, Fire Insurance Co., Ltd., will re-, burning block. ing Committee of The Hong Kong the rear of which adjoining the commend, at the forthcoming Meet- Two lines of hose were taken
firemen floor, where April 10, the payment on account the first ing of Shareholders to be held on inside the burning building on of the year 1931 of a Divi 'end of had to work almost in darkness $50 together with an "Exchange" before the arrival of acetelyne Bonus of $5 per share abso.bing flares. Falling beams and heavy $440,000; to pass the balance of pieces of falling masonry made $143,830.66 to the credit of R- the work extremely hazardous, Insurance Fund and to carry for-and on more than one occasion
retreat to avoid the burning de- bris,
He read sometimes a suggestion sider any increase in the rate of YOKOHAMA SPECIE
BANK. Central Bank in Farmo.
Need For Economy. that that saving would enable him cut which is now existing.
equivalent to reduce taxes by an DRANCHES AND AGENCIES
"But that does not mean JAPAN:Tokyo, Tokoka, Kobe, Oveka.
Bamount. They must not allow
ELAY with the 10 Per Cent. Dividend. Kap. Karenko, PORMOSA iran.
Mekong, Natio, Blachiku, Ticku, Taimen themselves to be led by such mis- things are Take Trinh, Town, feito, falto.
Buko Amer Fohow calculations, which were made on national finances that economy is
At the 100th Half Yearly meeting CINA Ebghai,
Halon, Canida
Boersbays, the assumption that present taxes of no account. It seems to me to OTHERS-Hong Kong. Blagspare,
Semarang. Batavia, Bombay. Londen. Now would produce as much revenue in be perfectly ridiculous to talk asof the Yokohama Specie Bank, Ltd. ward $496,168.54 in respect of the the firemen had to beat a hasty
to if it were possible for us in timen held on Saturday at the Head Office, York, red.
LORDON BANKERS Barrings Bank, Lid., kingdi lank, Ltd.
in the Midland Bank, Ltd, Weimar Bank Kad. produce-but were not doing so-like these to spend the nation's Yokohama, a net prot of Yen year 1932.
money as if we had a full treasury 12,159,164.04 was shown jin 1932.
Annual report, including Yen Mr. Chamberlain explained the and everflowing revenue.
"Without going to these ex- 5,077,292.81 carried over from the effect of exchange control, and azid that it-had-produced_a_very, tremes that I have been describing, last account. serious situation which had been it is in my oplulen the duty of It was decided to make the fol-
The this Government, and it is certain lowing allocations. very bad for British trade. only way in which it could be putly my intention continually to To the Reserve Fund Y. 1,300,000.00 right was by International agres subject every department of Gov-Dividend of 10% pa (for the half-year arament expenditure to the most examination (cheers)
ended 31st Dec. 1932)
The But has Correspondente in all the principal Comuna Conizes throughout the world. K. KAGURA.
11ONG KONG BRANCH:
Do You Boot Central. Bong Long, Dace 4, 1981.
NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V.
¡NETHERLANDA TRADING "OCIETT)
ВАКЛЕВА.
Established LEX
Long Kong Ufour-IL Queen's Hood Central.
Carried forward to
the next account
BIRD CRUELTY CHARGES
(Continued from Page 1)
Mr. O'Brien: I have frequently warned both defendants that their cages were overcrowded.
.
By 9.30 p.m. the fire war under control, but engines continued to pump water into the building for a considerable time.
thought At one period it was Mr. Strellett: Have you ever that the sparks might ignite the Government Bonded Warhouse at seen birds shipped?
Mr. O'Brien: No, but I have no the rear of Messrs. Ruttonjoe's ment. President's Roosevelt's Invitation searching
5,000,000.00 ticed that the wooden boxes only premises, where large quantities "The best news in my opinion," never to rest while I believe there
appear in the shops when birds are of wine and spirits are stored, but The sald, "that has come from the is a bit to be saved.
5,859,404.04 about to be shipped. While the fortunately this danger was avert- "While we cannot expect to save other side of the water for a long
birds are kept in the shops they are ed."
Hoses were laid down to the sen time, is that of the invitation of tens of millions of pounds by
Yen. 12,159,464.04 in bamboo cages.
Warnings Given.
but since the pressure of water President Roosevelt to our ambas-economy, there are economies-
Mr. T. Okubo was appointed a]·
Continuing, Mr. O'Brien said that from the mains was sufficient to sador in Washington to go and individually none of them may bej
visit before he came of a very striking character but Vice-President, while Mr. H. pay him a here to confer with His Majesty's put together they make a substan-Kashiwagi, former manager of the he had often warned defendants supply the engines which were was that the bamboo cages were over- stationed in Queen's Road, Des Authorized Capital. 150,000,000 Government. I cannot help feel-tial sum, and it will be the duty Tokyo Branch of the Bank'
Voeux Road and Ice House Street. crowded. act of President of the Government to show the elected to the board of Directors. ... 80,030,000 Paid-Up Capital Chan Keh Hal.
Mr. Strellett: Is it not true that they were not brought into use. ...f. 20,015,000 ing that that Manager.
Roosevelt is one
Crowd Gathers. of good augury House of Commons and to show will not
defendant has often moved birda Hand D.-AMSTERDAM.
for the progress of the converan- the country that they
into roomier cages at your request? Hundreds of spectators thronged expenditure Lions in which we shall shortly be tolerate unnecessary
Mr. O'Brien; Yes.
the streets in the vicinity of the Bantara Eland 30mm :~BATAVIA.
until it is possible again to reduce
Mr. Strellett: Is it not true also blaze, but police officers kept clear Bandong", Bombay, engaged."
down Caletisa,
Djok
that on one occasion when you told, the alleyway which Mr. Chamberlain said they must taxation." jakarta, Tisa „Rogue“. Jiddah. Kulm
defendant to move a pigeon into a from Queen's Road to Des Voeux. Maksar Medan, Paleminat, Felinot think that, because of those and negotiations
.Road. larger cage he did so? Mr. O'Brien: Yes.
The building involved is one of Mr. Strellett: Can you tell me the oldest structures in the Central how many birds should be kept in District, and is sandwiched be one cage?
'tween the rear of the St. Francis de-, Hotel and the rear of the Hong
Reserves
THE BANK OF CANTON, LTD. Reaches Bandra,
Charbon, Djember,
Established 1912.
Head Office:-Hong Kong.
Authorized Capital (11.K. Currency) ...811,000,000 ........ 9,000,000
Paid-Up Capital monome Hovers Fund
BANCHES:
Caston, bu għal,
and San Prescho
Harlow, Bangkok,
LONDON BANKERJ
The Lloyd's Back, Lamited.
CORRESPONDENTS
in si pripel, lofting of the World.
Forel Exchange and looking business or
very description rescled.
Bale Deposit Boze (various sinen) si a poorly
rectal of from $5 to $45.
LOOK POONG SEAN,
Chief Manager.
THE YOKOHAMA SPECIE BANK, LIMITED.
Established 1889.
Capital (fully paid-up) Yen 100,005,001 Reserve Fund
Loogen, Pesang, Bangoon. Bollendam", Beorang, Bangi, Singapore, de conversations
ir, forskere (helel, Tags Titjar with other countries the Govern
and Welsorodno*.
• Those offres have Bala Deporti Berase to La.
LONDON BANTERS :-
NATIONAL PROVINCIAS, BANK LID. Consepnadense all the the world. Bucking a of story description sensaciod,
A. STOXKINK
Hong Kong, 21st June, 1932.
THB
Mangor.
ment had lost sight of
domestic problems.
our OWD
SHARE MARKET.
The Official Summary of the Stock Exchange issued on Saturday:
"The first is that of economy." said Mr. Chamberlain. "In my On the whole markets were rather view any substantial increase in quiet this morning, but the under- B.the present level of taxation would tone remains firm.
AMERICAN EXPRESS COMPANY,
INC.
Read Office:65, Broadway. New York.
Capital Surplus
Rezervor..
.U.S.$8,000,000.00 ‚U.B.$1,837.232.04 ..U.8.$1,458,118.73
BRANCHES:—
Glasgow Датала Bag FLAT Ensarlakas
Yen. 119,750,000
(3 m
Buste
Berlin
BASTIE
Bombay
Be Alon
Head Office-YOKOHANA
Brzaches and Agencies at:
Alaxandria
Batavia
Berlin
Bombay Calcutta Canton
(Dalby)
Nagasakd NREOT Newchwang New York
Onaka Paria Paiping
Dairsckdes) Rangoon_
Hamburg
Henkow Harbin
Hong Honolulu Heinking
Kong
Karach!
Kobe
Landen
Eso da Jabeira San Francisco Bastile Semarang Shanghai
Shimonoch
Singapore Boerabaya Sydney Tientsin Tokyo Tringtas Interest allowed on Current Ac
Los Angeles Staala
counts.
Deposita received for fixed periods az rates to be obtained on application.
EL. MORI mad Manager. Hong Kong, 11th March, 1981.
Cales Culasite
Comm
Delambre Copenhage
Atrepool Слас
· Lagres
Marnall Marle
Mandia Munic
be a disaster of the fret magni- The minor issues still monopolise tude.
attention, and some few parcels of
faced with the China Lights, Hotels and Cementa "If we were necessity either of some consider have changed hands, both for cash
or sub- and forward delivery. uble increase in taxation stantial reduction of expenditure,
THE BANK OF EAST ASIA, LTD.
Head Office: Hong Kong.
No. 10, Des Voeux Road Central. Established: 1918.
Authorised Capital
.... $10,000,000,00 5,598,600.00
Blow Хорв Picsoun Parts
Penang
Paid-up Capital Reserve and Undivided
Profila
**
Falpin Palerm Rossendam
Beanst Slanghol Bouthampton Alagaper BL. Martie
2,312,000.00
Branches and Agencies:--
Peiping
Penang
Banguon Saigon San Francisco Seattle Semarang Bhanghul Singapore Sourabaya Swalow.. Sydney
Amoy
Batavia
Bombay
Flats
Calcutta Canton
Floriane Geneva
THE Milaa
Halphong Hankow Honolulu Branches of American Express Com.
Kobe Dany in Principal cities of United Kowloon States of America and Canada.
Landon Manlia
Voxim
Yokohama
Nagasaki
Personal investment accounts Qazka handled.
All classes of Commercial Banking Melbourne Transactions undertaken,
Talhoku
Tientaln
New York
Tokya
Paris
Vanceover Yokohama -Correspondenta in ali principal cities The Company - difers to - Intanding Travelers the ass of its ("Traveler of the World.
[Choques") and Letters of Credit and, Every description of Banking and in addition, the world-wide services Exchange business transacted. Loans if its thoroughly equipped Travel Degrated on approved securities. partment:
DUGGAN,
Manager
Safe Deposit Boxes To Lat
+KAN TONG PO,
Chief Manager»
Sales,
Hong Kong Banks $1630. Bonguet explorations 20 cents. Hotels (Olds 68.
H. K. Realties $7.55. Hong Kong Trams $2114. China Lights (Old) $11%. H. K. Electrics $75,
Buyers.
Hong Kong Banks $1840.
Canton Insurances $1350, II. K. Steamboats $22,
*
Benguet Explorations 20 cents. Providents (New) $1.40. Holtes (Old) $7.90. Hotels (New) $7.70. Hong Kong Lands $74. Shanghai Lands Tls. 23. H. K. Roalties $7.55... Chinese Estates $95. Ewo Cottons Tis, 13.45, Hong Kong Trams $214.. Star Ferries 189. China Lights (Old) $11.80. H. K. Electrics $75. Telephones (New) $27%. Cements (Combined) $8.25. B. Ind. G. Bonds 64%. II. K. Govt, Loans 44% Prem.
Selers.
Union Insurances $541. Baubs #10...vá » Providents (Old) #4.20. Hotels (Oid) #9.10.
Shanghai Cottons Tis. 69 Malabon Sugars ·320.- Hong Kong Ropes $10. Dairy Farms $27. Watsons" (Old) $124. Watsons (New) $11.40. Lane, Crawfords $5. Un bed Thustres Tia, 5.
EXCHANGES. TO-DAY'S QUOTATIONS. On London→→
T.T.
1/4
On demand................. 1/4 4 months' sight 1/43% Credits 4 months'
sight
On New York-
On demand
Mr. O'Brien: I cannot say finitely, they should have room move about.
runs
to Kong Electric Company's show- ,rooms which face Des Voeux Road. Mr. Strellett: What would you Exchange Building is separated
1/4%
Credits 60 days'
sight
24 Nom.
Nominal
On Paris-
On demand
586
i
Credits 4 months'
Bight
say was the height of a bird?
625
On India-
T..
88
• On demand
8844
On Shanghai-
On demand
76%
On Kobe-
On demand
104%
ÎOn Manila
On demand
On Singapore--
On demand On Batavia-**
48 Nom.
...... 574
On demand
581⁄4
On Saigon-
On demand
58
On Bangkok-
On demand Sovereigns Bank buy-
1/44 ing rate Bar Silver per oz... 18% Bar Silver in Hong
1894
Nominal Nominal
1% prem
Kong
Copper Cash
from the block by a narrow alley- of the Mr. O'Brien: About 4 inches.
way, while an extension Mr. Strellett: I don't think they, damaged block fronts Ice House are as high as that.
Street.
The
It was suggested to the witness, The ground floor is completely that the size of a bird would ap- occupied by the meter testing de proximate to 8 inches by 2 inches partment of the Hong Kong latter Company by 214 Inches which would give Electric. each bird room to move about on mentioned premises were badly his perch. Mr. Strellett stated that damaged by water, and many valu- birds had a tendency to crowd to, able pieces of testing apparatus and 'gether.
meters are thought to be irrepar- ably damage.
Mr. O'Brien: Not all birds.
High Mortality,
Many Tenants Witness said that when he saw Other offices damaged by fire and the birds in the shop none were in-water include Messrs. Xavier Bros., jured but that on a trip from Hong Ltd., Exporters, Messrs. L. Weill Kong to Marseilles the mortality and Company, Share and General jamong them must be very high. Brokera, Mesara, William C. Jack Mr. Strellett said that if 800 and Company, Ltd., Engineers, and birds were kept in one cage each Contractors, and Mr. M. A. Xavier, bird would have about 30 cubic, B.Sc., Architect and Civil Engineer. inches of space.
The office of Messrs. David At this point His Worship stated Sassoon and Company which 'is = that he did not want Mr. O'Brien situated in the front of the building, to make any statement as to how was undamaged. many birds should be kept in a The call was given from the public on the corner of Pedder cage. Ho himself was the final alarm authority on such a matter.
Street and Des Vœux Road, by some Mr. William Ward, Revenue Of person at present unknown, and four ficer, said that he visited ships in, appliances with Assistant Station the course of his employment, Bo Officer A. I. Cash in charge. Four had often seen shipments of birds other appliances, together with `Scotta Shipbuilding and Engineer-'on board ships but had never seen Superintendent H. T. Brooks, M.I. - ing Company,, of Greenock, has re- birds transferred from the cages. Fire E., Officer J. FitzHenry, ceived an order to build a passenger in which they were brought on A.M.I. Fire E. arrived shortly after-
warda. and cargo steamer for London board to other cagek.
{Copper Centa
Rate of Native In-
Lerent
81%% D.. 29%% dia.
Chinese Sub. Cóin Hong Kong Bub. Cola par.
ORDER FOR A SHIP.
owners.
The Chief Officer of the Fire Mr. Strellett asked His Wor- ship to request the Press to refrain-Brigada, the Hon. Mr. B. D. C
· CHIPPENDALE ·BRINGS £155. From publishing letters which Wolfe, C.M.G,, was also on the scene
would prejudice; the case. One later.
A set of mahogany Chippendale each fad been published by the So far as la known, no person was injured. Polles are giarding the chairs from Healey Hall, Rochdale, China Mall, Lancashire, was sold at Glendin- The case was then adjourned un- premised.
ning's for $155.
tu 11.15 ami tomorrow,
7