3
BANKS
HONG KONG AND SHANGHAI *BANKING CORPORATION.
Hatherland Capital
TUME and Pully Fold Up : $5,000,000 Piervo Panita :-
Bowers LaMilly et Propelainen (1), PU, Ove HELD OFFICE: HONGKONO.
BOARD OF DIRECTORS
HN GO.8, Mackie
W, H. Bell, q
Chairman.
3. P. Warren, Fay. Diply Chairman.
A. H. Compton, EM,
Mishib, R.
CC Knight, Ew.
ANNY
BANO KOK BATAVIA
БОМБАУ
CALCUTTA CARTON CHEPOO COLOMBO
MAMBORG
*, K. Murdmath, BENT.
Bon. Mr. J. Pateros
T. K. Pearce Ká.
V. M. Grayburn. TM.
Chal Manager.
-
BRANCHES
LONDON LYONS MALACCA KANILA
MUAR (Johns] MURDEN
KEW YORK PKIPINO
PERANO
RANGOON
KUALA ZIMPER
DAIREN
YOOCHOW
BAHOKO
ΚΑΤΑΠΝ
GAN FRANCISCO
HANKOWE
EARRIN
SHANGHAI
FINGATORS
ROKOFI PATANI
HONOKEW
TOITO
TH
JOROBE
KUBK
KOWLOON
MODRAMATA
TIENTRIN
TOKTO
TSINGTAO TOBOGANA
Current &publ opened in fes! Currency sel Fired Depoalleled for on
Harter periods is Local Company and Sterling ve formy which will be quoted in appllotson. Hong Kong, 26th February, 1934,
HONG KONG SAVINGS BANK.
The Business of the wines Bant la conduct.
be the (ONG KONG AND SHANOWA
PANKING CORPORATTON.
okazać w application.
POR TAX HONOLONG AND BHANGHAI BANKING CORPORATION.
V. M. QRATZUEN,
Chie! Kauno.
Hong Kong, 26th February, 1934.
SAFETY FIRST!
To Safeguard Your Valuablem and Jewellerles, Deposit them in a Fault that is really: FIRE-PROOF BURGLAR - PROOF DAMP-PROOF!
OUR SAFE DEPOSIT VAULT located on the Moxy nine Floor of Our New building Seclally Con- alructed to provide all of these Im portant QuaŸter.
You
may obtain & Safe Depoult Box in this most up-to-date Vault for your own use at a very moder- ale Rental
Inspection Cordially invited.
THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD.
Corner of Ice House Street and Des Voeux Road, Central.
THE CHARTERED BANK OF INDIA, AUSTRALIATM & CHINA.
Incorporated by Royal Charter, 1851. HEAD OFFICE: LONDON.
Paid-up Capital
Reserve Fund
.£3,000,000. £5,000,000
Reserva Liability of Pro»'
prietors
£3,000,000
Agencies and Branches:
Alor Star
Illello
Rangoon
Amritsar
Ipoh
Balgon
Karachi
Semarang
Seremban
Lumpur Kuching
Shanghai Singapore Sitiawan
Manila
[
Medan
New York
Peping
Bangkok Batavia Bombay
Calcutta ¡Canton
Cawnpore
Cebu
Columba Delhi Haiphong
Hamburg
Tiankow
Klang Kobe Kuala
Madres
THE CHINA MAIL.
Commerce and Finance
H. K. IMPORTS
AND EXPORTS
STILL DECLINE Big Reductions In Merchandise
THE MONTH OF FEBRUARY
IC.I. REPORT
CAUSES RISE-
IN SHARES
WEDNESD
RICAN CAR STRIKE
DEFERRED
TEMPORARY TRUCE MADE AT ELEVENTH HOUR
RAILWAY CRISIS AVERTED.
Year's Working Very SUCCEED, THE UNITED STATES WILL BE CONFRONTED TO
Satisfactory.
POINTER TO BRITISH RECOVERY
SPORT NOTICES.
QUEEN'S COLLEGE
THE 19TH ANNUAL SPORTS. will be held on Queen's College Ground, at, Gauseway Bay SATURDAY, March 24th, com- mencing at 2 pm
Mrs. N. L. Smith has kindly can- sented to present the prizes.
All friends are cordially invited.
THE HONG KONG JOCKEY CLUB.
DRAFT
and 1
WASHINGTON, TO-DAY. UNLESS THE ELEVENTH HUR EFFORTS. FOR PEACE
DAY BY THE EIGGEST STRIKE IN ITS HISTORY: THE AMERI. CAN FEDERATION OF LABOUR CLAIMS: THAT: 100,000 MEN
BAFT PROGRAMMES ARE READY TO THROW DOWN THEIR TOOLS AT 9 ́AM.
ENTRY FORMS for the Meanwhile, President Roosevelt has telegraphed to the Labour SECOND EXTRA RACE MEET- Federation requesting that strike action be deferred until to NG to be held on SATURDAY, 31st March, and MONDAY; 2nd morrow. The Federation's reply was expected at 10 p.m. yesterday. April, 1984, (weather.
per Motor manufacturers are-sending a committee to Washington mitting) may be obtained at the
The Statistical Office of the In- ports and Exports Department re-
London, To-day." ports that the values of both im.
Business and financial circles ports into and exports from the Colony in the month of February, had awaited with great interest}} Tringto
1934. recorded still further the report issued last eventing off
Tengkuh
(Bhuker)
(Peking) Yokohama Penang
Zamboanga
Foreign Exchange and General Banking business transacted.
Tarbin
Bong Kong
ed Deposits received for one year or
clines.
de-
as the result of General Hugh Johnson, the National Recovery Ad- Secretary's Office, Gloucester ministrator advising them that the President wanted to see them to-Building: the Club: House. Happy Valley; the Hong Kong Club; the Imports totalled $29.6 millions the Imperial Chemical Industries day.
Sports
Club; and the Stables, (£2.2), as against $47,4 millions Limited. As the concern' is one
THE STRIKE HAS ALREADY BEGUN AT THE DETROIT Shan Kwang Road. Current accounts opened and Fix (139) in the corresponding period of the greatest undertakings in WORKS OF THE BOWER ROLLER-BEARING COMPANY WHICH 'Entries' clogs at 12 o'clock NOON of 1933; while exports totalled Britain, with interests in many SUPPLIES THE FORD AND PLYMOUTH COMPANIES, AND 16,-on THURSDAY, 22nd March, 1984. $22.2 millions (21.7), as compared
By Order, with $37.5 millions (52.4). (It branches, industry figures were 100 CHEVROLET WORKERS AT FLINT, MICHIGAN, HAVE VOT- should be noted that in 1983, the regarded as in some measure ED FOR A STRIKE. Chinese New Year holidays fell in providing a criterion from which January, and in February in 1834.) the progress made towards
horter periods at rates which will be quoted on application.
W. H. E. THOMAS,
Acting Manager. Hong Kong, 20th February, 1934. THE BANK OF CANTON, LTD.
Established 1912.
Read Office:Hong Kong.
Authorized Capital (B.K. Cerreory) ......$17.10.200 Bets Fund 1.150,00
BALNCHES —
a
The the first two months of 1934, Imports totalled $62.1 millions trade recovery in Britain could (£4.6), as compared with $85.3 be judged. millions (5.4) in the corresponding | period of 1933, and exports total- led $49.6 millione (£3.7), as com pared with $68.8 millions (£4.4).
·ROOSEVELT TAKING In the railway industry, where
ACTION.
managers demand a 15 per cent.) reduction in wages from July_3,] and the workers are asking for a 20 per cent, increase from the same date; President Roosevelt
C. B. BROWN,
Hong Kong, 19th March 1934.
Secretary.
has warned both sides to settle LAMMERT BROS. the differences, otherwise he Rmight appoint a public commis- sion to examine the dispute.
Outcome Uncertain. The figures show a gross io- for the past year of come
PECIAL TO CHINA MAIL. £7,663,945, as compared with (By "elegraph, Copyright. Telegru
phic A junges Ordinance, 1894, The following table shows the £6,415,423. After allocating|ceived Afarch 21, 9.21 a.m.) Bangkok Jaalow, Bangkok, comparative figures of imports and £1,000,000 for central obsoles
Washington, To-day. exports (including Treasure) dur-
President Roosevelt has issued ing the months of February, 1934,
a proclamation that he is taking and February, 1933:—
a hand in the negotiation and averting of the motor industry strike.
and the Frabrises.
LONDON BAXEFRI
The Lierd's Bunk, Ldantel
CORESPONDENTS
In all gelmekpai sitim of cha Waid.
Jong Kerkorps and humiding Vodnom at overy Samvetydian · fenuncial.
Bale Deposit Beter (various sides) 19 u gaurip real of trom $ sa 940.
100K POONG BHAN.
Chief Manager-{Teasure
THE BANK OF EAST ASIA, LTD.
Authorised Capital Paid-up Capital Reserve and Undivided
Profits
Merchandise
Totals
IMPORTS February
1934
... $72,61*PORTS
1933
February
and depreciation funds, cence, Income tax, there is a net income of £6,091,605.
A final dividend is recommended $20,591,425 $47,369,120, 4f 5 per cent, making 7% per cent› $3,104,192 $3,429,503 for the year; which compares with $50,798,621 the total distribution for the pre- A divi- vious year of 6 per cent. 1033 dead of 1 per cent, was also recom- $22.223.746 $37.610,875 mended on deferred, as against nil.į $ 0,695,518 $ 9,092,879 | $28,910,20 $47,203,754) A sum of £1,000,000 is placed to the general reserve, 28 against POSSESSION CLAIM£500,000, and £566,139 is carried
$10,000,000.00 | Merchandise $5,598,800.0U Treasure
$2,434,000.00
HEAD OFFICE:-HONG KONG 12. Der Vorux Road Central.
BOARD OF DIRECTORS:
Fir Shouron Chow, Chairman.
1. Koan Chun. Esq.
P. K. Kwok. Esq.
Wong Yun Tang. Esq.
Chan Ching Shek, Eaq.
Li Lan Sang. Eig. Wong Chu Son. Eaq Kan Ying Po. Esq.
Kan Tone Po, Esq, Chief Manager.
Tea Font. Est. Manager.
BRANCHES AND AGENCIES---
Manila Spattle
Semarang Melbourne
Shanghai Singapore
Sourabaya
Amoy
Batavia
Rombay
Narusaki
Calcutta
New York
Canton
Oraka
Rainhong
Parts
Hankow
Petping
Kowloon
Honolula Robe
London
Fenang
Swatow Syndey Talboku.
Rangoon
Stigan
Tientsin Τοίχο Vancouver Yokohama
Totals
1934
IN COURT.
Non-Payment Of Rent Forfeiture.
71
four
forward.
and
The outcome, as yet uncer tain.-United Press, per S.C. Gold Bar Co.
Company
Meetings
(Continued from Page 8.)
Truce Agreed By Auto Leaders.
Pontiac, To-day. The Automobile Union leaders have agreed to a truce in connection with the strike which was due to commence at
a.m. to-diy-Reuter.
AUCTIONEERS, APPRAISERO
AND SURVEYORS.
- Public Auctions
THE
(HE Undersigned have received Instructions to sell by Publis
Auction
ON
MONDAY, the 26th March, 1934, commencing at 2.30 p.m..
at their Kowloon Sales Room, 35 Hankow Road, Kowloon
A Very fine and valuable Con- signment of Oriental Persian The President recommended a Carpets and Rugs-from 4 feet by
months extension of the pre-12 feet to 23 feet by 13 feet..
vage agreement, providing
On View from Friday, the 23th a.1 per cent, cut in wages, He
March, 1934. has also informed the railways
Terms: Cash on Delivery.
The report was not issued until the Stock Exchange had closed, but the street market regarded the figures as very satisfactory, share prices rose.--British Wireless Reduction In Outstanding Loans that he felt that some wages In the accounts as presented to were below the N.R.A, minimum, rou, it will be seen that our "Liabi-jif not actually below the subsis lities" remain practically unchang-tence basis.
Service.
·
ed as at December 31, 1933; while on POSTPONEMENT URGED the "Assets" aide, certain important
of these in the reduction of changes are to be noted. The chief jamount shown as outstanding
Loana.
LAMMERT BROS,
Auctioneers. Hong Kong, 20th March, 1994.
of
1000 SURPRISES
AND SENSATIONS! Water B,
"A claim for the possession of pre- mises on grounda of foreiture by reason of non-payment of ront was Total Payment of 71⁄2
iade by Wong Hin-ahing, of
Per Cent. On Year. Wing Lok Street, before His Lord-
Mr. William H. Green, President ship the Chief Justice. Mr. Justice LARGE INCOME INCREASE.
the of the American Federation A. D. A. Macfiregor, at the Supreme
inLabour, has telegraphed to Mr. Court this morning against
William Collins the Federation's London, To-day, Chinese, Chun Kwong-hon, Cheung
Imperial Chemical Industries
During the year, we have been representative in New York, in- Pin-nam, Chi Kak-cha and Leung have declared a final dividend of
postpone the Tia-po, of the Asia Bolel.
fortunate in obtaining further liqui-tting him to 5 per cent., tax free, making a Mr. H. G. Sheldon, instructed by 71/4 per cent. payment for the dution of certain of the old Loan strike at least until Thursday in Accounts, which have been the subdeference to the wishes of Pre- C. E. L. Grist, was for the plaintiff. year as compared with 6 per and Mr. D. McNeill, instructed by cent in 1932.
Ject of our particular attention since rident Roosevelt, who will mean- while hold a conference at the year 1925, and the reduced figure Mr. E. Davidson, was for the de The gross income for the year fence.
amounted to £7,664,000 as compared which is now shown represents a Washington to try to reconcile the
difference. practical elimination of all such old The claim was made on an inden- with $6,418,000 in 1982.
Certain
Mr. Collins telegraphed to Pre- Every description of Banking and
new business Exchange business transacted. Loans ure dated December 30, 1980, in
The net income represents an in-accounts,
from Detroit, which certain premises at 126 and crease of £1,273,000 over 1932. was arranged during the year, the ident Roosevelt
stating that the power to act rest-| B)-Fotby Saud Arange amount Tau. Ung non; Pranted on approved securities.
Current Accounts onened in Loen]] 127 Connaught Road Central, and at A sum of £566,000 will be carried bulk of which has been repaid. On and after August 15th, 1943, the Currency and Fixed Depolis received 251 and 253 Des Voeux Road Contral forward to the new account-Reu
You will note the transfer to the led with the officers at the confer-
which was meeting a rate of Interest on Special Current for one year or shorter periods in
credit of General Reserve Account]ence Deposit will be at 27% p.a. on daily Local and Forelin Currencies
were leased to the defendants on a ter. balance and the rate for balance over terms which will be quoted on sppli- term of 5 years at a monthly rental $10,000 will be quoted on application.ation
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)
HEAD OFFICE:-Taipeh, Formosa Incorporated by Special Imperial Charter, 1859.
Central Rash in Formens
(Maximum rate —111⁄2 7).
LOIDON RAHEFAN
Marclays Bank. Ltd., Idação Bank, tad Midland Bank, [Al, Wookminster Book, La.
The Bank has Correspondente in all the prion.pal | Jenmortal Oestem throughout the world.
HONG KONG BLANCH;
E. YOURS,
4. Du Tax Bood Central,
Hang Hang, Devasher 24, 1981.
THE YOKOHAMA SPECIE BANK
LIMITED.
Established 1850
Capital (fully paid-up) Yen.100,000,000 Reserve Fund........Yen.122,750,000
Head Office:~YOKOHAMA
Branches and Agencies at:
‚ Alexandria
Batavia
(Dalny)
San Pelsco
Safe Deposit Boxes To Let
KAN TONG PO,
Cale! Manager. Hong Kong, 1st March, 1934.
THE
on
of $5,100.
The case in proceeding.
AMERICAN EXPRESS COMPANY, INC.
Head Office:-65, Broadway, New York.
Capital
.U.6.85,000,000.00 - Surplus ....13.8.$1,867,089.17 Reserves ............U.A.$1,718,870.57
BRANCHES——
Helico City
Puris Pelping
Downs Dingow Elavo Harburg ELE Radelberg.. Interlaken Jorumlam
Tävscpool Lore
Amsterdam
Amoun
Borilm Bombay
·
Bruegeld
Nagunaki
Chalakka
New York
Canbe Colomb Copalgan Dublin Klinburgk
LALZOR
Mancha Ca
GHOTE
Bomarang
Berlin
Bombay Calcutta
Nagoya
Oinks
Rangoon.
SPY (Mukden) Rio de Janeiro':
Hamburg Hankow Harbin
tong
London
Kon
Zoa: Angala Manila
SAD Francisco 1. Branches of American Express Coma- Seattle
pany in Principal, elties of United States of America and Canada, folum
Shanghai
Поставиул Bydney
Tientsin Tokyo Tsingtau Yingkow
Interest: allowed on Current
Dappsita received. for ixed
rates to be obtained en applicat
Asting: Mana"
| March 18, 1934.5
All clauses biz Commercial Banking |Trananetions undertaken.
"Perapnil handled."
The Company offers Travalera - fietssof Chequeas and Letters of
ing addition, the (twork
of fta thoroughly aqui
THE OVERSEAS NATIONAL
BANK LTD.
-Natleasi Bank Building,
BA, Des Voeux Rosd, Contrak.
Authorized Capital
$5,000,000.00
Paid-up Capital *.*.............. 1,000,000,00| New York, London, and De Paris Agesti;
BANKERS TRUST COMPANY, We offer facilities for the tramun Idiom of general banking business. Foreign Exchange transacted. «Stocks and bonds bought and sold- LOUSE [reantod on approved · securitius.
LEE FANG.
HELD OPPIOS
1- SH, Ihmenehtich Birati, London, LON
BRITISH
BUDGET
SURPLUS
Net Balance Of £22,037,874.
TREASURY RETURNS
London, To-day
of a small excess of Reserve pre Pontiac, Michigan, at 6 pm. yester- viously provided.
day, and assuring the President]
An indicated in the Report of the that "we will urge them to meet Directors, your Board recommends the situation in the spirit you nak” that the General Reserve Account b-Reuter. divided and apportioned to Spezial Reserve. Accounts.
A Reserve Account.
An explained, the sum of $033,- 982.24 16 no. longer required to meet the deficits which were anticipated
"
Roosevelt's Proposal
Accepted
Wshington, later.
in connection with the liquidation The railway nagen have ac
of the old Loan Accounts to which cepted President Roosevelt's pro-
I have just referred. Your Board, posal to continue the existing wage-
is of the opinion that in the absence rule until December 31 Reuter of any evidence as to present values
to 1934 account,
Possibility. Of New Shares.
The latest weekly Treasury re of your properties on the water turns show that up to March 17 front in the West Point district, the the total ordinary revenus for the creation of a reserve' account for General::Manager. current ánancial, year amounted depreciation of these properties in... Before the report and accounta}{
to £696,053,578,
preferable to direct depreciation of were passed, Mr. Carle asked if THE MERCANTILE BANK OF This figure, which la within property.
there 'was any likelihood of a future INDIA, LTD.
£2,724,000 of the estimated total Sundry Debtors Account shown for new shares. revenue for the whole year ending marked decrease on the figures for The Chairman replied that for 31st March, shows a surplus over last year, contributed admittedly by ther funds were not required at the ordinary expenditure, including reduced earnings, but also by im-moment, nor could the extra money the American Debt payments of proved collections prior to Chinese be profitably employed. Under the of £8,904,392, of £29,252,971,72 New Yeat. Fo - A sum of 27,215,097 has, how ever, been allocated to the sinking I do not think that there are any fund for the repayment of debt, further items in the accounts which Jeaving a net balance to date of call for comment, and I therefore £22,037,871,234005
beg to proposa
Authorised Capital
Subscribed Ospital
Paid-up Capital
Reserve Fund- & Best
1,800,000 1,050,000 *1,246,785
Galle
* The returna show that £11.966" |000 of Inland, ravents and 27,702,"|| 000 in customs, and exclse }; wers collected last week
: the financial year-li
total:
12 Cents Dividend.
y
circumstances, and, unless change was made when more money could be employed profitably, there was no need for such a call T
Seconded by Mr. F. L. Silva, the Report and Accounts were", then "that the Report and Accounts passed unanimously, for the year ended December 31st 1988, presented adopted
that
On the proposal of Mr. T you, be chell second
end of 12 centa
Figueraido, Mesura, T.-B./
8. M. Chupa were re-ele tors of the Company
Linstead and
FOOTLIGHT PARADE
Bring Your PRINTING