* THE CHINA MAIL, APRIL 5, 1937.
SHANGHAI BANK'S KEORGANISATION
GENERAL ELECTRIC
DIVIDEND
Under -- Government auspices an General Electric Company directors with the backing of the semi-officis recently authorized a distribution of Bank of Chosen, the capitalization of $21,634,000 among the company's 185,- the Shanghai Bank, Ltd., a local: Ja- 700 stockholders by ordering an "extra" panese institution, was increased al-dividend of 50 cents and regular quar- most twenty-fold at a general meeting terly dividend of 25 cents on the com- of shareholders. A
mon stock. Both were payable. Dec.
Government in panese trade.
This increase in funds is designed 21, 1936. to afford Japanese enterprises in The company also announced that at China Better, credit facilities and con- the request of the employees, payments forms with the policy of the Tokyo under the general profit-sharing plan
promoting Sino-Ja-will be made semi-annually.
The estimated amount available un- Significance was attached to the der the plan for the last six months bank's action by the presence in of 1936 was 6 per cent. of the earnings Shanghai at the time of this reorgan- of participating employees, which were ization of Mr. Keizaburo Kato, presi-paid on Dec. 21. Last year 41,000 em- dent of the Bank of Chosen, who is a ployees divided about $1,500,000 under member of the Japanese Economic the plan.
Referring to the undistributed pro- With eighteen shareholders present fits surtax the company explained and 21 others represented by proxies, dividends paid last year were based on the holders of 1,888 out of a total of an estimate of profits. Total payments 2,000 shares gave their unanimous ap- were $1.70 a share, but the first divi- proval to the five proposals of the dènd of 20 cents, paid last January, management submitted at Saturday's was charged to 1935 earnings. meeting.
Mission.
BANKS
THE CHARTERED BANK OF
DIA, AUSTRALIA & CHINA
aborporated by Hojal Charter, 1858. HEAD OFFICE: LONDON
Paid-up Capital Reserve Fund.
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
TEAD OFFICE I HONG HONG.
Author Taqued an Reserve
$50,000,000 0,000
Sterling
£6.500.000
£8,000,000 $58,000,000
Hong Kong
Reserve
$18,000,000-
Reserve: Liability of Pro-
prietors
Reserve Liabilit
of Pro
£8,000,000
prietors
$20,000,000
Agencies and Branches:
Iloilo Ipoh
Bangoon
Saigon
Karachi
Sacnarang
Klang
Seremban
Shanghai
Kuala Lumpur
Singapore
Fuching
Birjawan
Cawnpore Cebu Colombo
Madran
Bourabaya
Manila
Tientain
New York
Tongkah
Haiphong
-Peiping
Hamburg Hankow Harbin
((Poking) Penang
Tsingtao
Yokohama
·Zamboan.on
Alor Star Amritsar Bangkok Batavia Bombay
itong Kong
The company confirmed the fact had added 2 per cent. to the 8 per cent, employee earnings because of increased living costs.
Complicated Process Because the bank was originally capitalized at $100,000, a complicated process was required to enable Its re- capitalization at Y.2,000,000. Thirty- eight thousand shares of a face value of Y.50 apiece will be issued to provide Reference to the shortage of steel the balance.
was
STEEL SHORTAGE
Sir Thomas Inskip, was made by Minister for Co-ordination of Defence, speaking at a dinner given by the Coast Institution of Sueo NorthEast
Engineers and Shipbuilders át castle-on-Tyne.
Mr. Kahei Hasegawa, president of the bank before its expansion, named one of the four directors of the reorganized institution. : Mr. Ukon, until recently manager of the Taiku branch of the Bank of Chosen, was appointed managing
director.
This problem, he said, was
the
New-
already
new
(Banket)
Foreign Exchange and General Banking business Current Acopunts opened and Fixed Depoelte
transacted. received for one year or shorter periods at rates which will be quoted an application..
The Bank's Hand Office in London undertakes claims and Ebrecutar d Trustee business,
Tax overpaid, ¦ on of British Impors recovery
of Ita terins which may be ascertained at any Agencies and Brandbes.
A. BREARLEY,
Manager Hong Kong, 1st January, 1935.
.$10,000,000.00 $5,598,600.00
.$ 2,776,726.76
Other directors are Mr. Kisaburo Oya- causing" anxiety. He hoped that the THE BANK OF EAST ASIA, LTD. mada and Mr. Masaharu Abe.. Mr. whole community might be prepared to Susumu Mizuta and Mr. Tojiro Arai forgo the pleasure of seeing were elected auditors.
buildings erected or old buildings re- Authorised Capital The bank was once before reorganiz-constructed so that Government Paid-up Capital
Reserve and Undivided ed in 1927 after the financial panic in should not be handicapped in the com-
Profits Such Japan and the effects of the National-pletion of its programme. ist revolution in Chi
China had forced a policy might provide a flow of remuner- temporary suspension of business.
ative contracts when the peak of the Government's programme had been passed.
SINGAPORE TRADE FAIR
a
HEAD OFFICE :-HONG KONG, 10, Des Voeux Road. Central,
'BOARD OF DIRECTORS— The members of the League Council Hon. Sir Shou-son Chow, Chairman Li Boon
K. Kwok, Egy Wong have been officially informed of the ap- Chun, Esq. P
Tong, Esq., Chan Ching Bhak, Esq., Three Dominion Government--Cana-pointment of Prof. Karl Burckhardt as gang Esq, Wang Chu Son, Esq. and Kan da, Australia and South Africa--are High Commissioner for Danzig for the Po, Esq giving their support to the British next three years. Trade Fair to be held in Singapore from April 30 to May 8.
It will be the first time that these thres, countles have been regresented at the fair, which has been held an- nually in Singapore for several years. “All three countries "will stress their
tourist attractions and also strive stimulate their trade with Malaya,
to
THE WING ON BANK, LTD.
Head Office: Hong Kong. 26, Des Voeux Road, Central. Authorised Capital $10,000,000 LONDON BANKERS:--- Westminster Bank, Ltd. v Foreign Exchange and every des- acription of banking business transact-
ed.
The displays by the three Dominions will probably be incorporated in Dominion Court, which is certain to prove one. of the most — impressive features of the Trade Fair.
Lord Nuffield has offered £1,000 to the relief fund for the widows of the miners who lost their lives in the Won- mine disaster in Victoria, - Aus- taggi
Current Accounts and Savings Ac- counts opened. Mixed Deposits re- ceived at rates which will be quoted on application.
Trusteeship & Executorship under- taken. Safe Deposit Boxes for hire.
PHILIP GOCKCHIN, Chief Manager.
Kap Tuan Poy Esq., Chief Manager, Li Tee Fang, Esq.r
BRANCHES AND AGENCIES
Besthio
Amoy
Batavis
Bambay
Caloutta
New-York
Canton
Haiphong
Hankow Fonalulu #Kobe
Kosloon 1London
Paiping
Fenang
Baizon San Francisco
Every description of Banking and Exobange" business - tranfacted. Loans granted on approved securities,
Current Accounts (opened in Local Currency - and Fixed Deposits received toe ons gear smurter: periods in Local and Foreign Currencie on terms which will be quoted on application.
Sale Deposit Boxes To Let
"KAŃ:TUNO "PO,
Chint Manage
THE TAIKOO DOCKYARD & ENGINEERING COMPANY
OF HONG KONG, LIMITED
BUILDERS OF ALL CLASSES OF SHIPS.
BUILDERS OF RECIPROCATING STEAM ENGINES.
BUILDERS OF MARINE AND LAND BOILERS.
BUILDERS OF TURBINE MACHINERY.
Under License From Messrs. Parsona.
BUILDERS OF DIESEL ENGINES.
Under Special License From Mesars. Sulzer Bros.
Licensed To Manufacture Lanz Perlit Iron, Specially Suitable
For Internal Combustion Engine Working Parts.
DOCK & SLIPWAYS
FOR DOCKING VERY LARGE, AS WELL AS SMALLER VESSELS, ON ANY TIDE
ALL CLASSES OF SHIP ENGINE AND BOILER REPAIRS AND EXTENSIVE WELDING, BOTH ELECTRICAL AND OXY-ACETYLENE, SKILFULLY AND
PROMPTLY CARRIED OUT
Hon.
J. B.
BO
AMOY
BANGKOK
BATAVIA
BOMBAY
CALCUTTA
CHE
ONG
HAMBURG. HANKOW HARBIN HONGREW ILOI.O ІРОН JOHORE
KOBE
KOWLOON
Esq.
8. Morrison, Es
Dodwell, T. E. Fearos, Eve A. L. Shields, Esq syburn. E
BRANCHES
VLONDON
LYONS MALACCA MANUA
•MUAR (Johore) “MURDERIN NEW YORK FEIFING
KUALA LUMPUR
SAN FRANCISCO SHANGHLI SINGAPORE. FOURASAYF BUNGRI PATANI TIENTRIN TOSTO ES ATSINATIO
ХОКОНАМА
Current Ancounts opened in Lossl Currency and TERM Depozite: mnostved : for: ons -year or shorter periods in Local Cầm mưay mand: Simrling on teerpa "whith wir. Baseba
ALSO Ep. to. various Alles 10
SAFE DEPOSIT BOXES Em
Hong Kong, 1st March, lost.
HONG KONG SAVINGS BANK
The Business of: the abova - Bank: le ou
by the. HONG KONG AND SHANGHAI BANK- INGCORFORATION. slen may be obtained
applicatión. FOR THE HONG “KONG AND I
BHANGHAI BANKING CORPORATION
M. GRATBURN.
"Hồng Loi
THE YOKOHAMA SPECIE BANK LIMITED
Established 1880
Capital (fuly pa Reserve Fund
Yen 100,000,000 Yen.132,650,000
· Head: Offer: YOKOHAMA
Branches and Agencies ut
Alexandria
Bangkok
· Batavia?
Berlin Bombay Calcutta
Canton
- Dairan (Dainy)
Fengtien (Mukden)
Hamburg
Hankow
Harbin
Hong Kong
Honolulu
Hsinking
Karachi
Kobe
London
#Manlis
·LOB
Nagasaki
Nagoya
New York Osaka Otárn
Paris Priping
Rangoon
Rio de Janeiro San Francisco Seattle
Semarang Shanghai
Interest - allowed for counts.
kow
Ary Deposita received for fized piclods
rates to be
tions.
KANO
Hong Kong, 10th March, 1987.
SHANGHAI
MMERCIAL & SAVINGS BANK LIMITED
alkoodock, Hong Kon
“Telethone No: 30211.
Numeral On
Pennant Anas”
BUTTERFIELD & SWIRE. Agents