THE CHINA MAIL, MAY 19, 1937.
CHAMBER OF COMMERCE
ANNUAL MEETING
(Continued from Page 16)
:
EXPORT PROBLEMS
The Export Committee, also, has STABILISED CURRENCY-
been busily engaged in negotiations re- We have now had a full year's ex-in
garding increases in freight rates, and
considering perience of stabilised currency. Prices with the export of tin and of cassia problems connected bave had time to adjust themselves, oil. They also have under consider- and one of the great anxieties which ation a ruling by the United Kingdom previously hampered erchants has Customs Authorities been removed. No longer are market origin of lard exported from Hong conceming the prices upset by the fact that some Kong. goods have been purchased at favour- dence is proceeding, but a conclusion In these matters correspon- able, and some at unfavourable, rates has not yet been reached. of exchange. Removal of the tempta- tion to take risks in exchange. "has steadied retail prices to the benefit of "everybody concerned.
As a result of a low dollar, China is now able to compete in world markets which were lost to her when a high level of exchange ruled, and this ex- pansion in exports should lead to im- proved import.
CONGRATULATIONS
A
on your behalf for their arduous work In thanking the General Committee
wish during the year, I am sure you will tions to Sir Vandeleur Grayburn upon
me to convey your congratula-| the honour he has received from His Majesty Honours List.
the King in the Coronation As members of the business community we have special reason to know that this honour is
́EMERGING FROM DEPRESSION
Better conditions reflect favourably
in South China thoroughly deserved. and signa- are- evident that the Colony upon Hong Kong is at last emerging from a long period of depression,
True, such hopes are tempered by #realisation of the fact that Hong Kong is a small place, with little power to influence events in the world at large. May the bitter remembrance of twenty years ago induce the nations to pursue the paths of peace, that the world be not again plunged into the abyss from which it is slowly emerging,
IMPERIAL PREFERENCE
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE:
BANKS
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
Incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON
Reserve Fund. Paid-up Capital
Reserve Liability of Pro-
prietors
Agencies and Branches:
Alor Star Amritsar Bangkok Batavia
Bollo
Ipoh
Karachi
Klang
Babe
...£3,000,000 „£3,000,000
.£9,000,000
Rangoon
Saigosa
Samerang
Beremban
Shanghai
Canton Cavapors Cebu Colombo Dalbi
Singapore Sitiawan Sourabaya
Manila
Taiping
Medan
Tiantain
Now
York
Tongkah
Haiphong
Polping
(Bauket)
Hamburg
(Peking)
Taingto
Hankow
Penang
Yokohama
Zamboanga
Harbin Hoa" Hong
Bombay Calcutta
Kuala Lumpur Kuching
Medran
Foreign Exchange and General Banking business transactod.
Current Accounts opened and Fixed Deposits received for ana year or shorter periods at mates which will be quoted on application.
The Bank's Head Office in London undertakës Executor and Truston business,
and claime of British Inpora recovery
Tax overpaid on terma which may be ascertained at any of áka
Agencies and Braneben. .£3,000,000 1,800,000 1,050,000
15, Gracechurch Street, London, E.0.8. Authorised Capital Subscribed Capital Paid-up Capital “... Reserve Fund & Rest BANKERS:
.. 1,247,830
The Bank of England & Midland
BRANCHES:
Ipali
Bangkok
Bombay
Kandy
Calcutta
Karachi
Colombo
Kota Bharu
Delhi
Kuala Lipis
calle
Kuala Lumpur
Hong Kong
Howrah
Kuala Trengganu
You will gather from the Annual Report that the working of Imperial Preference now monopolises a great deal of the time of the Committees and staff of this Chamber. With the approaching revision of the Ottawa Agreements the Hong Kong Govern- ment has been in close. consultation with the Chamber, throughout the year and the Imperial Preference Sub- Committee has had a busy time. were asked, in the first place, for our We comments in reply to the general ques- tion, “What Hong Kong wants what Hong Kong can give."
and swer to that question is too long to go The an- asked
for from some of the Dominions and for
generous treatment, uniformity of treatment from the rest of the non-self-governing Empire.
more
- EMPIRE CONTENT For our part we have agreed that Hong Kong, must do all it can to give satisfactory proof of the Empire con- tent of goods exported under Imperial Preference. Towards securing that,
Bank, Ltd.
New York Panang
Fort Louis (Mauritius) Bangoon
Shanghai
Sirala
Kuantan (Pahang) Singapore Madras
HONG KONG BRANCH,
Every description of Banking and Exchange business transacted.
Travellers Cheques issued.
Trustee and Executorships undertakan, INTEREST allowed on Currant Accounts and Fixed Deposits at Rates that may be ascertained on spplication.
D. BENSON, Queen's Road, Central,
THE WING ON BANK, LTD.
ed.
Manager.
Head Office: Hong Kong.. 26, Des Voeux Road, Central. Authorised Capital $10,000,000 LONDON BANKERS-- Westminster Bank, Ltd. Foreign Exchange and every des-
Current Accounts and Savings Ac-,
the Chamber has agreed to a sugges-cription of banking business transact- tion by the Colonial Office that state- ments by manufacturers should backed by accountants' certificates to be the effect that costings have been counts opened. Mixed Deposits re- ceived at rates which will be quoted that entered on application.
checked and claims verified; or only Empire materials have into the manufacture of the goods. We
Trusteeship & Executorship under- have also agreed that, wherever pos- taken. Safe Deposit Boxes for hire. aible, materials ду well as labour should be of Empire origin.
PHILIP GOCKCHIN, Chief Manager-
R. W. ROBERTS,
Manager Hong Kong, 1st January, 1935.
THE BANK OF EAST ASIA, LTD.
Authorised Capital Paid-up Capital Reserve and
Profits
$10,000,000.90.
$ 5,598,600,00
Undivided
.$ 2,776,726.76
HEAD OFFICE:-HONG KONG. 10, Des Voeux Road, Central,
BOARD OF DIRECTORS:
Hon. Bir Shou-son Chow, Chairman; Li Koon Chun, Eng., E. Kwok, Faq. Woog You Tong,
Chan Ching Bhek, Esq., La Lan Bang, Esq., Wong Chu San, Esq. and Kan Ying Fo, Esq., Fung Ping Wah, Esq.
Amoy
Han Tung Po, Esq., Chiat Manager. Li The Fang, Esq., Manager.
BRANCHES AND AGENCIES :-
Batavia Bombay Calcutta Canton Haiphong
Beattle
Manila Melbourne
Бысагалд
Nagauki New York
Bhanghai
Eingapore
Bourabaya :
Paris
Swatow
Bankow Honolulu
Peiping
Sydney
Feuang
Taihoku
Kobe
Rangoon
Tionlain
Kowloom London
Saigon
Tekyo
San Francisco
VERONIKA:
Yokohama
Every description of Banking and. Exchange business transacted. Loans granted on approved Gaourities.
on.
Current Accounts opened in Local Currency and Fixed Deposita' received for
Your Mor ahurter periods in Local and Foreign Currencies on terms which will be quoted an application.
Safe Deposit Boxes To Let
KAN TUNG PO,
Chief Manager-
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. Parsons.
BUILDERS OF DIESEL ENGINES.
Under Special License From Messrs. 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 S
SHIP ENGINE AND BOILER REPAIRS AND EXTENSIVE WELDING, BOTH ELECTRICAL AND OXY-ACETYLENE, SKILFULLY AND
PROMPTLY CARRIED OUT
Hong Kong.
Tel: Address : “Taikoodock
Telephone No. 30211.
Call Flag: “Numeral One,” over "Pennant Anns.”
BUTTERFIELD &
& SWIRE, Agents
BANKS
HONG KONG AND SHANGHAI
BANKING
Capital
Authorised Issued and Fully- Reserve Funds:---
CORPORATION
$50,000,000
20,000,000
Sterling
£6,500,000
Hong Kong Currency
Reserve
$10,000,000
$20,000,000
Reserve Liability of Pro-
prietors
HEAD OFFICE, HONG KONG.
唱
BOARD OF.
G. Misky,EOTORS.
Chairman.
Hon. Mr. M. T. Johnson, Deputy Chairman.
1. K. Bousflald, Esq., A. H. Compton, Esq., S. H. Dodwell, Esq. J. R. Masson, Esq.,
K. 8. Morrison, Esq.,
Hon. Mr. J. J. Paterman,
T. E. Fearow, Esq.,
A. L. Shielda, Kaq.,
Sir Vandeleur M. Grayburn, Chiet Manager.
AMOY
BANGKOK
BATAVIA BOMBAY CALCUTTA
CANTON CHEFOO
-COLOMBO
DAIREN
FOOCHOW SAIPHONG HAMBURG HANKOW HABBIN HONGKEW IPOH JOHORE
KOBE KOWLOON
BRANCHES :-
KUALA LUMPUR
LONDON LYONB MALACCA MANILA MA MUAR (Johor) MUKDEN
NEW YORK FEIFING PENANG BANGOON SAIGON SAN FRANCISCO SHANGHAI- SINGAPORE SOURABAT& SUNGEI PATANI
TORBIN
TSINGTAO YOKOHAMA
Current opened in Local Cuiraney and
Fixed Deposits, received for one year or shorter periods in Local: Untrendy and Sterling on Sarths which will be quoted an application.
AL80 up to date SAFE DEPOSIT "BOXES in various sizes TO LET.
Hong Kong, 1st March, 1987.-
[+
HONG KONG SAVINGS BANK
The Business of the above Bank is conducted by the HONG KONG AND SHANGHAI BANK ING CORFORATION. Bulas may be obtained on application.
FOR THE HONG KONG
BANKING CORPORATION AND
SHANGHAI
7. M. GRAYBURN.
Chiet Manager.
Hong Kong, 1st March, 1987.
́THE YOKOHAMA SPECIE BANK
LIMITED
Established 1880
Capital (fully paid-up) Yen.100,000,000 Reserve Fund
Yen.182,650,000
Head Office: YOKOHAMA
Branches and Agenciën at
Alexandria
Bangkok
Batavia
Berlin
Bombay
Calcutta
Canton
Dairen (Dainy).
Hamburg
Hankow
Harbin
Hong Kong
Honolulu
Hsinking
Karachi
Moji
Nagasaki
Nagoya New Yor Osaka
Otri
Paria
Peiping
Fengtien (Mukden), Rangoon
Kobe
London
Manila
Los Angeles
Rio de Janeiro
San Francisc
Seattle
Semarang
Shangha Singapore Sourabaya
Sydney
Tientsin
Tokyo
Tsingtau
Yingkow
Interest allowed for Current Ae counts.
Deposits received for fixed periods at rates to be obtained on tions,
Hong Kong, 10th M
[THE
T. KANO
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in China)
Capital paid up
Reserves
$5,000,000.
$7,500,000.
Capital Savings Dept, $500,000. Reserve Savings Dept. - $600,000. Head Office-Shanghai-
on
A Bank having as its rafmaion the industrial development China and the fostering of her commercial relations abroad. Hong Kong Offico.~
6, Queen's Road, Central. Phone' 81118.