THE CHINA MAIL, JULY 30,
GERMANY'S "SECRET" GOLD HOARD
Berlin To-day.
INDIA
HRAD
Cessation of publication of statistics on Ger- man foreign trade in gold is demanded by the "Ber- liner Tageblatt, in an article dealing with sur- mises in the foreign press concerning secret ac- Paid- cumulation of currency reserves by the "finance wizard," Dr. Hjalmar Schacht, who, according to foreign quarters, has
amassed in as
secret gold hoard, some 500,000,000 reichsmarks
As far as our information Reichsbank returns, because they goes," says the article," "these for- merely serve current, and some- eign computations are erroneous. times strongly fluctuating, require One thing is clear the foreign ments of foreign trade, and have exchange control system, such as nothing to do with note cover and we have in Germany, combined determination of foreign rates of with far-reaching import regula- exchange.”
Reserve
Aler Stag
Harbin
Hoag Forsis
Corent
POCOTRIKY
tion requires certain deposit re The article says that in other serves, which might, in fact, con- countries it is customary to main- veniently consist in part of gold. tain exchange equalisation funds, received fr "These deposit reserves of the the amount of whose gold reserves which wi German foreign exchange control is not made public, either in Bri-Executor and import regulation do not, how-tain, France, the United States or terms whi ever, belong necessarily in the the Netherlands, so that in this ancies and
way a veil of secrecy is thrown lover the extent of these holdings
of foreign exchange.
WEEKLY RETURN
·OF TRAFFIC ACCIDENTS
In Germany, official figures are still published about import and
BANKS
BANK OF HONG
CHINA
W. ROBERTS,
Manage
Hong Kong, 1st January, 1935.
Authorised Capital- Paid-up Capital Reserve and Undivided
Profits
$10,000,000.00 $5,598,600.60
$ 2,776,726.76
HEAD OFFICE, HONG KONG. 10. Das Van Roads Central..
BOARD OF DIRECTUBRE:—
export of gold and silver within THE BANK OF EAST ASIA, LTD. In the Colony of Hong Kong in-statistics..
the framework of foreign trade cluding the Island, Kowloon and the These are the source of errone- New Territories during the week ous calculations made in foreign ending at 8.a.m. on Saturday, the countries about the extent of the 24th instant, there were altogether German gold stock. 44 traffic accidents, as the result of No rational conclusions can be which 17 persons were injured.. drawn from the statistics on gold Of the persons injured, 16 were in foreign trade as to what surplus pedestrians, who were either walk really remains available in the ing or running across the road and country. Trans-Ocean. were struck by vehicles, and one pri- vate car passenger was injured by flying glass from the smashed wind-
screen.
Of the 44 accidents, 17 were col- lisions between vehicles; 23 were collisions between vehicles and pe- destrians; and 4 accidents were due to other causes..
THE WING ON BANK. LTD.
Head Offices Hong Kong -26, Des Voeux Road, Central. Authorised Capital $10,000,000 LONDON BANKERS---- Westminster Bank, Ltd. Foreign Exchange and every des- cription of banking business transact- ed.
Current Accounts and Savings. Ac-
The type of vehicles involved and the number were: Private motor counts opened. Mixed Deposits re- car 22; Motor lorry 11; Public mo-ceived at rates which will be quoted tcr car 7; Motor bus 6; Motor cycle
on_application. 2: Tramcar 2; Bicycle 3; Tricycle taken Safe Deposit Boxes for hire.
Arusteeship & Executorship under- 4; Rickshaw 3; and Earth truck
19
PHILIP GOCK CHIN,
Chief Manager
ong Yus
-
in Sir Shon-son Chow, Chairman; la 5000 Tng, Eng Chan Ching Shak, a ro, Eager Fang Ping Wahs Eng. Chan, Esq, P. E. Kwok,
Sang, Bag Wong Chu Son, Fag, and
Kan Tung Fo, Esq., Chief - Di Isa Fong, Eng, BRANCHES AND
Amay
Batavia:
Bomber
Calcutta
Canton Haiphong Hankos Bouclalu Kobs Kesicor London
Melbourne
Sagamki
New York... Osaka
Paria
HARRIN
BONGEEW ECOILO
IPOH
FORE
Page
BANKS
JOHORT
KOWLOON
KLULUPUS:
SINGAPORE
SOUFARA SUNGEN
TIRNESEN TOKEO
ISING MAD YOKOHAMA
Current Accounts opened in Local Currency an
Fixed Deposita received dona
periods in Local- Latvener
which will be gooted on
ALSO up to date SAFE
Cazious sizes: 10 Th
Hong Kong, 1st March, 1987.
BOXES
HONG KONG SAVINGS BANK
The Business of the abora Bank is.
by the HONG KONG AND SHANGHAI BALK ING CORFORATION:
en application.
FOR THE HONG KONG AND SHANGEA BANKING COPPOFATION.
Hong Kong 1st
GRAYBTENA
Francisco
of Banking and Buchings- Lossa granded on approved
noounta opened In Local Currency
ika, znosivad - for, ons T kin“ Local and Forögn Cazzoncias
will be quoted on application Safe Deposit Boxes To Let
KAN TUNG PO
THE YOKOHAMA SPECIE BANK LIMITED
Established 1880-
Capital (fully paid-up)
Reserve Fund
Head:Office: YOKOHAMA
Branches and Agencies.
Alexandria
Bangkok Batavia Berlin Bombay Calcutta
and Fixed-
on teens
Mon
Nagasaki
Nagoya
New York Osaka
Ori
Chief Mana
Canton
Dairen (Dainy)
Hamburg
Bankow
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 SHIP ENGINE AND BOILER REPAIRS AND EXTENSIVE WELDING BOTH ELECTRICAL AND OXY ACETYLENE SKILFULLY AND
PROMPTLY CARRIED OUT
Paris
Peiping
Fengtien (Mukden) Rangoo
Harbin
Hong Kong. Honolnin Hsinking Karachi
Kobe
London
Manila
Los Angeles
Elo de
San Fr
Seattle
Semara
Shangh
Tsingt
Yingkow
Interest allowed for Current counts.
Deposits received for fixed
at rates to be obtained on applica tions
ANCHA
AVINGS BANK
Tel Address
Taikoodock,” Hong Kong.
Telephone No. 30211.
Call Flag: "Numeral One,” over “Pennant
BUTTERFELD & SWIRE, Agents