"
CHINA MAIL, FEBRUARY 3, 1937.-
BAT CONFIDENT OF
THE FUTURE
No. Writing-Up: Sir Hugo also referred to a sug-
HP 17 -
ECONOMICS INN.
HONG KONG AND SHANGHAI
BANKING CORPORATION
Authorised, Capita Issued and Rallys
Japanese And Chinese Reserve Funds
Meet
British American Tobacco sales in rent year will not be less than those! 1935-36 exceeded those of 1934-35, shown in the balance-sheet which you: and the sales for the first three now have before you.”) months of the current financial year show an increase-over the correspond-
Plans for the economic development ing three months of the previous year, gestion that the board should distri- said Sir Hugo Cunliffe Owen, the bate to the shareholders all, or a part, of North China were discussed at chairman of the company, who pre-of the large surplus of the market conferences between the Chinese and sided at the annual meeting in Lon-value of investments- and subsidiary Fapanese authorities at Tientsin. don on January 13.
companies over the balance sheet fig ures.
Ar party of Japanese experts from the South Manchuria Railway Com- pany in Dairen also participated in the parleys, which are believed to have achieved considerable progress.
Sterling
Hong Kong Curre
Reserve Reserve Liability
prietors
4
$50,000,000
20,000,000
6,500,000
0,000,000
HEAD OFFICE: HONG
BOARD OF DIRECTORS Hon. Mr. J. J. Pate
Chairman.
G. Miskin, Esq., Deputy Chairman. -
Compton, Esq
Hon. Me: *Dodwell, *M.-T. Johnson, Esq...
B
AMOT BANGKOK BATAVIA BOMBAY
CAL
CANTON CHEFOO
Grayburn, Chief Manager.
"BRANCHE
LONDON LTONS
MALACCA "MANILA NUAR (Jobee
MGEDEN: NEW YORK FELPING
He added, however, that owing to exchange. difficulties, additional taxa- "I take it," he said, "that most of tion, restrictions by way of duties and our shareholders realise that the bulk otherwise, which have been placed by of our revenue is derived from divi- many governments on the importa dends from your subsidiary and asso- The decisions reached at the con- ferences, and the results of the inves-. tion of goods into foreign countries, ciated companies. as well as restrictions. on internal | "It will be obvious to most of you tigation now being undertaken, will be trading in such countries, the addi- that, as the present dividend on your embodied in the final scheme for the tional profits, which would be expect- Ordinary shares is at the rate of 20 economic exploitation of North China. ed in normal times to result from the per cent. per annum, free of tax, the The principal meeting took place increase in sales, do not always mat- gross dividends from your sharehold- when General Sung Cheh-yuan, chair
ing in subsidiary and associated com-man of the Hopei and Chahar Politi- erialise.
panies must be substantial. There cal Council, called on Lieut-General fore, even on a most conservative Tashiro, commander-in-chief of the valuation, these shares must be worth Japanese garrison in North China, considerably more than the values and exchanged views on various sub- shown on the balance-sheet in order jects, including the reopening of the the yield their present revenue.
Lungyen mines, the construction of a The fact of writing-up the value railway to Shihchiachuang, the fut of your investments cannot in anyure of the "antonomous" East Hopei POR way increase the revenue of the com- regime, and an anti-Communist cam- "I am not a prophet, but, provided pany, and I think you will all agree, paign. nothing occurs seriously to affect the therefore, that no-useful purpose These problems were discussed ear- international situation during this would be served by making any lier in the day at the Japanese milit-
value I have every hope that the bal-change in the book of yourary authorities, including Lt General Fixed Deposits received for one year or sheeter year ance sheet profit figures for the cur- investments.”
Increased Business. "However," went on Sir Hugo, "I feel confident that so long as we can- go on increasing the volume of your business throughout the world, you will gradually see the increased volume of business reflected in the profits as shown on the balance sheet.
WORLD FAIR IN JAPAN
The Y.35,000,000 budget for the In- ternational Exposition to be held in 1940 in commemoration of the 2,600th anniversary of the foundation of the Japanese Empire, was approved at a directors' meeting last week, and con- struction work is expected to start in the spring.
-
FREIGHT CHARGES
INCREASED
The Java China Japan Line, a Dutch company has increased freight charges by 32 per cent. owing to the increased demand for space.
Tashiro.
BRITAIN'S NEW INDUSTRY
Steps are being taken to increase the output of British magnesium, now This shipping-company which has being widely used in the manufacture worked at considerable loss during of light alloys for machines, particu the last few years of the depression larly for road and air transport. :
and has had to withstand keen com-
According to the Bulletin of the This Exposition is to be held at petition by Japanese shipping lines, Imperial Institute, most of the metal Tsukijima, Tokyo, where 24 halls in- was obliged recently to charter sex has hitherto been imported from cluding an Empire-foundation Mem-eral steamers to satisfy the demand orial Hall, Historical, Educational, for bookings which followed Scientific, Art, Agriculture and Fores- devaluation of the guilder. try, Marine Products; Foodstuff Mini- The present increased rates
Germany and the United States, but the
one British firm anticipates an out- will put of 150 tons a month shortly.
A large proportion of the world's magnesite carbonate of magnesíum of-and this has to be imported into
ing, Industrial Electric, Fibre In- improve the position, of the company output of the metal is obtained from
dustry, Communications, Overseas, considerably. and Aviation Halls will be built In
2 sum
COLOMBO DAIREN
KAIPHONG
HAMBURG HANKOW
FARBIN
HONGKEW ILOILO
JOHORE
KOBE ROWLOON KUALA LUMPUR
„PEMANG
RANGOON SAIGON
SHANGHAI SINGAPORE SOURABAYA
SUNGEI PATANI ATTENTISIN
TSINGTAO
FOKORAMA
Current Accounts opened in Local Currency and
periods in Local Company and Sterling on terms which; will be quoted son, application. 4
ALSO up to date SAFE DEPOSIT BOXES in various sizes TO LET.
Hong Kong, 24th February, 1936.
HONG KONG SAVINGS BANK The Business of the shore Bank is conducted by the HONG KONG AND SHANGHAI BANK Bales-may be obtained ING CORPORATION. on application.
FOR THE HONG KONG-AND SHANGHAI BANKING CORPORATION
V. M. GRAYBUEN,
-Chief Manager. Hong Kong, 24th February, $1236.
THE YOKOHAMA SPECIE BANK
Established 1880
addition a Music Stand and Open-air year's budget involves Theatres are also to be constructed. Of Y2,270,000 with which the Govern Great Britain.
Dolomite can be used in place of Capital (fully paid-up) Yen 100,000,000 these various halls, the Empire-foun-ment intends to build roads, bridges, dation Memorial Hall and the Indus- parks, etc. Work will also begin on magnesite, and there is a prospect Reserve Fund Yen 180,900,000 trial Hall will be built for perman-the Empire foundation Memorial that this commodity, of which ample ent use the latter to be used for Hall sample fairs in future.
Of the
Y-35,000,000
THE BANK OF EAST ASIA, LTD.
Head Office: YOKOHAMA
Branches and Agencies at
Mou Nagasaki Nagoya
New York
Osaka
Oti
total.
resources are available in this coun- The Exhibition will last for nearly try, may be utilised in the produc
tion of metallic magnesium. this half a year.
Alexandria
Bangkok
Authorised: Capital
Paid-up Capital --- Beserve and Undivided Profits
$10,000,000,00 $. 5,398,600.00- -$ 2,683,395.32
BOARD OF DIRECTORS——
HEAD OFFICE-HONG KONG.
10, Des Voeux Road, Cutral
Bo Sir Shou-san Chow, Chairman; Li Koon Chuo, Esq. P. Krok. Eage Wong
Lan Tong, Esq., Chan Ching Shek, Esq. Sang, Bag Wong Chn Son, Esq. and Han Ying Po. Esg
Amay
4
Kan Tung Po, Esq., Chief Manager.
Li Tse Fong, Esq., Manager.
BRANGHES AND AGENCIES ;---
Seattle
Batorig Melbourne
~INDIA, AUSTRALIA & CHIN
Incorporated by Boyal Charter, 1853. HEAD OFFICE: LONDON
Paid-up Capital Reserve Fund
Reserve Liability of Pro-
prietors
Agencies and Branches:
Amritsar
Bangkok Batavia Bombay Calcutta Canton
Kobe
"HEAD OFFICE:
15, Gracechrich Street, London, EC.8. Authorised Capital
THE CHARTERED BANK OF
THE MERCANTILE BANK OF Batavia
Berlin
INDIA, LTD.
Bombay
Calcutta
Canton
Subscribed Capital
£3,000,000 .£3,000,000
Paid-up Capital
Reserve Fund" & Rest
£3,000,000
Bangkok
Alor Star
Coilo
Ipoh
Bangoon Saigon
Bombay
Calcutta
· Kazachi
Mawhe
Klang
Samsrang Seremban
Colourbo
Shanghai
Delhi Galle
Kuala Lumpur
Shanghai
Semarang
Bombay
Nagasaki
Calcutta
Caston
Haiphong Flankow
New York Oseks Paris
Peiping
Honolulu Penang
Kobe Kowloon Lonies
Riigoon Saigon
Sydney
Tientsin Takyo
Shanghai Singapore Sourabaya Salo
Taiboka
Kuala Lumpur Kuching
Singapore
GRALES
Hong Kong
Kuntan (Paling).
Simla
Howrah
Madras
ingapore
Sourabaya:
Manila
Taiping
Calombo Delhi
Medan
Tientsin
New York
Peiping
(Banket)
(Peking) Fenszig
Tsingtao
Yokohama
Icachazza
Fishin
Zamboanga
.£3,000,000
Dairen (Daing)
1,800,000
1,050,000
Hamburg
1,247,830
Mankow
BANKERS:
The Bank of England & Midland Bank, Ltd.
Harbin
Fengtien (Mukden)
Paris
Peiping
Rangoon
·Rio de Janeiro San Francisco
-Seattle
Hong Kong
AFRATCHES:
Ipoh
Honolulu
Kandy
Farachi
Kots Bhare Kuala Lipis
Fort Louis (Mauritius) Bangoon
Kobe
London
New York
Penang
Hsinking
Karachi
Manila
Semarang
Shanghai
Singapore
Sourabaya
Sydney
Tientsin
Tokyo
Tsingtau
Yingkow
SMP Francisco Vancouver
Every description of Banking and Exchange business transacted.
Lowns granted on approved
securities.
Current Accounts opened in Local Currency A and Fixed Deposits received · Écz- COR FEST 2 OF sbarter periods in Local and Foreign Currencies on terms which will be quoted" "on -applice
Safe Deposit Bozes, Ta Let:
KAN TUNG 20,
Chief- Manager.
THE WING ON BANK, LTD.
-Head Office: Hong Kong, 26 Des Voeux Road, Central. Authorised Capital $10,000,000
LONDON BANKERS: Westminster Bank, Ltd Foreign Exchange and every des- ription of banking business transact-
Current Accounts and Savings Ac- counts opened. Mixed Deposits re- ceived at rates which will be quoted on application.
Trusteeship & Exectatorship under- taken. Safe Deposit Boxes for hire...
PHILIP GOCKCHIN, Chief Manager.
Haiphong Hamburg Hankow
Hong Kong
Foreign Exchange and General Banking business Fransacted.
Current Accounts opened and Fixed Deposita received for one year or shorter periods at rates; (which will be': quoted-on application.
The Bank's End Office in London: undertakes Exsentar and Trustee business, - and claims -recovery of British Income Tas overpaid, on terms which may be ascertained "at any of its Agencies and Branches,
A. BREARLEY,
Manager Hong Kong, 1st January, 1935.
L* Bring Your
PRINTING. Problems to Us
HONG KONG BEANCH
Every description of Banking and Exchange business transacted. -
Travellers Cheques--Sanandi
Trustee and Executorships/undertaken. INTEREST allowed on Current Accents and Fixed Deposits at Bates that may be sapermined. on application.
B. KENNEDY,
7, Queen's Road, Central,
Hong Kong, th July,-1995.
Manaco
HONG KONG HEIGHTS
For the information of vis
the following list of some of the highest points on the Mainland is published
Los Angeles
Interest allowed for Current Ac-
counts
Deposits received for fixed periods at rates to be obtained on applica
T. KANO,
Manager.
tions.
Hong Kong, 13th November,
China)
0,000-
£500,000. 0,000.
κάστι
ISLAND
COMMERCIAL
NK LIMITED
Feet
Victoria Peale
£1,823
Capital paid 1
Signal - Station
1,774
Reserves
Mt. Parker
1,734
Capital
Mountain Lodge
1,725
Reserve
The Eyrie
725
Bowen Boad
297
MAINE AN
St
Beet
Hong
Taimoshan Kowloon Peak
Phone 30116.
∙1971
The Newspaper. Enterprise Ltd. China Mail Bldg.
Mt Davis