GERMANY'S "SECRET" GOLD HOARD
Berlin, To-day
BANKS
BANKS
THE
INDIA AUST
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-op cumulation of currency reserves by the "finance wizard," Dr. Hjalmar Schacht, who, according to foreign quarters, has amassed in a secret gold hoard, some 500,000,000 reichsmarks.
re-
Reserve
71
Hom Forei
"As far 2.5 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.” tion, requires certain deposit 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. "These deposit reserves of the the amount of whose gold reserves German foreign exchange control is not made public, either in Bri-xecutor and of and import regulation do not, how-tain, France, the United States or PRODVETY - LE ever, belong necessarily in the the Netherlands, so that in this Aguacies and
way a veil of secrecy is thrown lover the extent of these holdings Jof foreign exchange.
WEEKLY RETURN OF TRAFFIC ACCIDENTS
received for some
The Bank'sSE
"terns, which
R. W. ROBERTS,
Manager. Hong Kong, 1st January, 1935.
-In Germany, official figures are Istill published about import and
export of gold and silver within THE BANK OF EAST ASIA, LTD. the framework of foreign trade
In the Colony of Hong Kong, in-statistics. cluding the Island, Kowloon and the New Territories during the week ous calculations made in foreign These are the source of errone ending at 8 am 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
were
Of the 44 accidents, 17 were col- lisions between vehicles; 23 collisions between vehicles and pe- destrians; and 4 accidents were due to other causes.
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- cription of banking business tran ed.
The type of vehicles involved and Current Accounts and Savings At- the number were: Private motor counts opened. Mixed Deposits re- car 22; Motor lorry 11; Public mo-ceived at rates which will be quoted ter car 7; Motor bus 6; Motor cycle.
on application. "2: Tramcar 2; Bicycle 3; Tricycle taken. Safe Deposit Boxes for hire.
Trusteeship & Executorship under- 4, Rickshaw 3; and Earth truck
PHILIP GOCKCHIN,
Chief Manager
Authorised Capital Reserve and Undivided Paid-up Capital
Profits
$10,000,000.00
5,598,600.00
2,776,726.76
Chun,
HEAD OFFICE:—HONG KONG, 10. Das Tanz Bead. Central.
BOARD OF DIRECTORS
Hom Sir Shop-son Chow, Chairman Li Xoco Targ, End Chan Ching Shel, Esq. La Lan Eng P. K. Kook Faq Wong Im Sang. Baq. Wong Chu So, Bag and Kan Zing Fo, Esq Fing Fing Wah, Esq.
Kan Ting Fo, Faq Li Tee Foot Fag., BRANCHES AN
Bateria
Caletta Canton Haiphong Hankow Bonaldu Kobe
New York
PeipingTM
Feriang
Rangoon
Kowloon London
Saigon
--San Francisco-
Every" description: of Banking and Exchang
Loan- granted on spproved
Catrant Accounts opened in Local Cazmney and Fixed Deposits received for con
|_ shorter perioda in - Local and Foreign Currenciar on terms which wld be quoted on: application.
Safe Deposit Boxes To
KAN TUNG
FAKKOW HARBIN HONGLEW
IPOH
JOHORE
KOBE
KOWLOOK
KUALA LUMPUR
SHANGHAT SINGAPORE SOUPARIS
SUNGE PATIRT
WENTSEN
TOKYO
ISINGTIO YOKOHAMA
Eurrent Accoumis opened in Local Fixed Deposits received: far as you periods in Local Currency and Ster which will be quoted" on
AL60 up to date SAFE razious sizes. TO
Hong Botig
EPOSIT BOXES &
HONG KONG SAVINGS BANK
The Business of the above. Bank in conductel by the HONG KONG AND SHANGHAT BIK ANG CORFORATION. Bules may be obtainat
on application.
FOR THE HONG KONG”“” BANKING CORPORATION.
Hong Kong, Ind
AND SHANGHA 7. M.GRAYBDEN.
THE YOKOHAMA SPECIE BANK EIMITED
Established 1880
Capital (fully paid-up) Yen 100,900,000
Reserve Fund.
Yen 132 650-900
Head Office: YOKOHAMA
Branches and Agencies at
Alexandria
Bangkok
Batavia
Berlin Bombay
Moji
Nagasaki
Nagoya
New York
Osaka
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
Calcutta
Canton
Dairen (Dainy)
Hamburg
Eankow
Harbin
Paris
Peiping
Bio-de-Jeneim
San Franciscs
Fengtien (Mukden) Rangoon
Hong Kong
Fonolulu
Fisinking
Seattle
Semara
Shanz
rachi
Souza
Kobe London
Sydney
Tientsin
Manila
Tokyo-
Los Angeles
Tsingtan
Yingkow
Interest allowed for Carrem
counts.
Deposits received for fixed
at rates to be obtained on tions
SHA
Tel Addre
Taikoodock, Hong Kong.
Telephone No. 30211-
BUTTERFIELD & SWIRE, Agent
Call Flag
Numeral
Anna.”