HONGKONG & SHANGHAI BANKING CORPORATION.
.$50.000.000
Authorised Capital ...... Issued and Fully Paid-up..$20,000,000
Sterling. Reserve Funds
Hong Kong Currency Re-
Reserve Liability of Pro-
prietors
serve
£6,500,000
.$10,000,000
.$20,000,000
HEAD OFFICE: HONG KONG,
BOARD OF DIRECTORS: Hon. Mr. J. J. Paternon, Chairman.'
W, H. Lock, Esq., Deputy Chairman.
0. Miskin, Esq.,,
J. K. Bousfield, Esq.. A. H. Compton, Esq., K. B. Morrison, Eug. L. J. Davies, Eng Hon. Mr. T. E. Pesros, Hon. Mr. S. H.Ɖödwail,Ion: Mr. A. L. Skjelda, Sir Vandeleur M. Grayburn
Chief Manager.
When the three storage godowns and Addressing shareholders, the Chair-
the two transil sheds are completed man sald-The profit on working was About the same as in 1939. $1.349.241.19
this year, we shall have increased our cargo capacity on these sites by about In seconding the proposal, Mr. J. M. as compared with $1,593,938.07, the de- crease being $44,596.88 or 2.8% Earn- During the year the first of the new 35,000 tons. The necessity for this ad Alvea said:-I am very pleased to rote ditional Space has been abundantly that in spite of the uncertain times in ings ware up by $193.507.14 but Work- six-storeyed godowns was completed
which we live our Directors have tak- ing Expenses were also tap by $238, and has beeh fully occupied with stor- evident during the year and is further 204.00. War Taxation paid (Property | age cargo since the 1st August, 1940, evidenced by the fact that we continueen a long view and proceeded with the essential development of our pro- Half the ground floor of this building to occupy all new accommodation
with the sound has been constructed as a strong roomsoori as it becomes available. We still perty in accordance for the safe storage of bulliơn and find ourselves from time to time very and comprehensive scheme laid down Nobody who travels across valuable cargo;
it has been specially pressed for space to accommodate some tu 1039.
the harbour can fall to have noticed reinforced with "Chatwood spiral In-of the heavier Inward cargoes.
The vastly improved conditions of the rapidity with which our new con- terlocked steel and fitted with "Chubb"
Bangkok doors, and is probably one of the saf storage in the new godowns, which are struction has pregressed, and one can
the appearance
Batavis The equipped with the most modern cargo now visualise est Strong Rooms in the East. and general
are fully fire our wharf frontage will present
Bob Calcutta first of the transit sheds was practical handling facillies and
the end of the year proofed to Insurance Companies' high-years to come when the building pro- Ly completed at
completed. is est specifications, not only give better gramme
Increasing Canton and is now in full service.
the earningGolombo
Ühefoo considerably. and safer storage but also ensure a 50%, thereby, transit rebate on fire Insurance on cargo stor-power of the Company.
Dairen
Tax and Corporation Profits amounted to $93,384.83: just over a dol lar per share ($1,06). The tax paid covers three-quarters of m year only, April to December,
The
of fuc!
for and stores launches, cranes ele, continues to - crease
cost
Cost of repairs upkeep has also increased.
You will note that your have donated $21,000 l the South China
that
Directors
Morning Post Fund and I trust this meets with your approval,
Godown Shortage
The shortage of godown accommoda- tion in the Colorly
continues and
al-
second
ed therein.
Amoy
which
in
BRANCHEBI-
Ipoh
Jobore
Kobo
Kowloon
Bankcan Sainco
Fan Frabolsos Shanghai
Kuala Lumpur Singapore
Bourabaya
Sungol Patand
Bwatow
London
Lyons
Malmoon
Manila
Tiental
Mune (Johor) Tokyo
Haiphong Hankow
Mukden
Tsingtao
flarbla Uloilo
New York Peipleg
CURRENT ACCOUNTS
Foundations for the second shed wore completed Just before
Those present at the meeting were: Poochow Christmas 1940 and the erection of The conditions of storage of various The Hon. Mr. J. J. Paterson, (Chair the steal structure commenced on the Dangerous Goods
Point, man) the Hon. Mr. S. H. Dodwell, the al Kowloon 28th December. It will be complel.with the attendant risk of Bre.
Mesura have Hon. Mr. M. K. Lo,
A. H. ed within a few days.
caused us a great deal of concern for Compton, T. B. Wilson, A. H. Veltman, The
H. Penn, L. J. Dav- six-storeyed godown.some considerable time, and in Octo L. Kadoorie, A.
ber 1940 new reinforced
A
concrete les (Directors), Messrs. J. Moodie, G. Castle, J. M. Alves, Kwok Hin Wang, Dangerous Goods Godown was built on our property at Yaumati, This godown V. T Marshall, C. M. Hall, G. B. S. is constructed to ensure storage of Thompson, (Shareholders) C. M. Man- these cargoes in accordance with the ❘ners (Secretary and Manager), latest Government Regulations and 10 afford the maximum protection to the cargues,
BURNS PHILP
PHILP LINE
Passenger & Freight Service To
AUSTRALIA
We have
a vessel
sailing
for
Manila,
Madang,
Salamaua,
Rabaul,
Sydney & Melbourne
towards
the End
of
March
Excellent passenger accommodation with a large number of single cabins at no supplement. Built- in Swimming Bath and Spacious Sports Deck.
Passenger & Freight Agents:-
GIBB, LIVINGSTON & CO., LTD.
Telephone 28031
New Wharf
which has been delayed owing to the
WHOR
We anticipate being able to put this wharf into service in the near fu- ture,
TWICE IN A DAY
the
Fo Kam Wing, Coxswain of During the year the old No. 3 Whart the steam launch "Po On"
ap- was desiolished and A new concrete peared before Comm. T. C. súa whart completed with the exception of at the Marine Court this morn- the rails and bollards. delivery ofing on two charges" of proceeding
with his launch twice
inside same day
the marking buny South of Lamma Island.
He was fined $7 on each charge. Our total capital expenditure on new works during the year was $2.432,- For failing to exhibit a red 550.87 and we are committed during light at each end of a raft of the current year to a further $1,100.|logs. Cheng Muk was fined 000.00 in completion of the programme or live days. outlined at the annual meeting on March 23rd, 1939 When this stage of our development 18 completed we shall possess what i confidently claim to be the Anest and miast up-to-date
of composite warehouse accont› uni's modation the Far East, it not in the world. The amount of cargo bandied during the year was approximately the same 1939 although the numberr of
handled decreased.
us for Vessels
Lighter Fleet
The Company's lighter fleet has again been fully employed during the year; the expenditure on repairs to Lighters this year amounted to $181,253 72, which was paid out of revenue. This Was nearly double the amount expended in 1939 and very much exceeded that of due to the fact any previous year, that practically the whole fleet has been reconditioned:
in all craft are 10w first class order and fit for many years service. thus obviating the further immediate necessity of building craft at the present high cost of con- struction.
$5
THE CHARTERED BANK OF INDIA. AUSTRALIA AND CHINA.
Incorporated by Ruya) Charter, 1853
Paid-up Capital
Reserve Fund
£3,000,000 £3,000,000
Reserve Liability of Pro-
prietors
£3,000,000
HEAD OFFICE: LONDONI 38, Bishopagate, E.C.2. Sub-Agencies in London: 117/122, Leadenhall Street. E C.2. West End Branchr 14/16. Cockspur Street. 8.W.. Manchester Branch:
52, Mosley Street, Bianchester, 2.
AGENCIES AND BRANCHESI
Karschi
Seremban Blunghi Bing p**
Siliwa
Yokohama
opened
扣
Local Currency and FIXED DEPO SITS received for One Year or shorter periods in Local and Other Currencies on terms which will be quoted application.
SAFE DEPOSIT BOXES at varions zizes To Let.
TRUSTEE and EXECUTOR business undertaken,
Hong Kong, 20th February, 1041).
HONG KONG SAVINGS BANK.
The Business of the above Bank to conducted by the HONG KONG AND SHANGHAI BANKING CORPORATION, Rules may be obtained on application. FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 1st March, 1937,
THE BANK OF EAST ASIA, LTD.
Authorised Capital Paid-up Capital Reserve
Proits
$10.000.000.00 5,588,600.00
2,983,281.50
Undivided atic
HEAD OFFICE-HONG KONG 10. Des Voeux Road, Central,
BOARD OF DIRECTORS:-
Hon. Sir Shou-son Chow, Chairman; Li Koon Chun, Esq., P. K. Kwok, Esq.. Wong Yun Tong, Esq., Chan Ching Shek, Esq.. Li Lan Sang, Esq., Wong Chu Son, Esq. and Fung Ping Wah. Esq.
Kan Tong Po. Esq., Chief Manager. Hon. Mr. Li Ts. Fong, Manager.
BRANCHES AND AGENCIES
Mantia Molbourne Nagurat
Beatle
Alor Har
Elankow
Actritur
Hong Lon
Bangkok
Iloilo
Petang Rangoon Salgor
Amoy
Batavia
Samarkog
Bateria
Ipok
Bombay
falautta
Kinug
Agencies:
Robe
Olive Street
Fairile Plate
Canton
Kuala Lumpur Funding Madras
Scarabeys
Talping
Thontalo
Bombay Calcutta it itankow Fionolulu Kobe Kowloon London
Shanghel
New York
Bingapore
Parin
Bombays
Palping
Batow
Prong
Sydney
Rangoon
Thenian
Saigon
VOYE
San Fran
Campore
Moalle
Tonghab
Cobu
afedan
(bit)
New York
Teingia
Yakakam
Ilalubong Hamburg
Since the beginning of the War five have members of the European staff left to Join H, M, Services, and Dne has been seconded for work of Na- tional importance, This of course Colombe
that the remainder of the Staff Delhi means are doing extra work.
Port Development
Us
As you know, the future of the Port of Hong Kong has been causing considerable concern as Government have not yet outlined a policy, espe cially with regard to Pier Leases. Sir David Owen, who was invited to visit Hong Kong to advise Government with to the administration and de- velopment, has we understand com- pleted his report and it is now in the hands of Government. Sir David visit-
regard P. & Q. Building.
INDO-CHINA
STEAM NAVIGATION COMPANY, LTD.
· OPERATING SERVICES FOR
CARGO and PASSENGERS
TOLEWATOW, BHANGHAI, · TSINGTAO,
CHEFOO AND TIENTSIN
KOBE AND OSAKA
SINGAPORE, PENANG AND CALCUTTA
SANDAKAN, HAIPHONG
All steamera berth, alongside the Roosevelt Terminal in the French. Concession" at "Shanghal, "wherep passengers and cargo are landed."'
Further Particulars Please Apply
JARDINE, MATHESON & CO., LTD. GENERAL MANAGERS.
TELEPHONE
30311.
Paiping
(Peking)
FOREIGN EXCHANGE and Generul Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received to One Year or shorter periods in Iscal or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with in-
terest allowed at rates oblamable on application.
The Bank's Head Office in London undertakes Executor and Truster, bust-
ness, and claims recovery of British Income Tax overpaid, ́on ́terms which may be ascertained at any of the Agencies and Branches.
W. H. EVANS THOMAS,
Manager,
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE:
18, Grasechurch Street, London, E.C.8. Authorised Capital ..usa.
BANKERS:
.£3,000,000
1,000,000 1,050,000 1,254,099
"The Bank of England und Midland
Subscribed Capital
Paid-up Capital
Reserve Find & Rest
Bank, Ltd.
Medra New York
Penm
Fargon
Shoghal
BRANCHES, **
Bangkok
Jačina
Bombay
Kužniau
Calcutta
Konty
Colombo
Karachi
Dalki
Kota Bharu
Kusla Jāpia"
HOTAD
Kusis
Ipoh,
Trengganu
Kusla Lumpur. Sinis
Bingspore
Every description of Banking and Exchange business transacted. Loans granted on approved sew-rilles.-
Current Account opened in Local Currency and Fixed Deposits recotvnd for one year or shorter periods in Local and Foreign Currencies on terms which will be quoted on application.
Safe Deposit Boxes To Let.
KAN TONG PO,
Chief Manager,
THE WING ON BANK, LIMITED.
- Head Officel Hong Kong, 26, Des Voeux Road, Central, Authorised Capital... $10,000,000 LONDON BANKERS- Westminster Bank, Ltd.
Foreign Exchange and every description of banking business transacted.
Current Accounts and Savings Accounts opened. Fixed Deposits received at rates which will be quoted on application,
"Safe Deposit Boxes for hire,
PHILIP GOCKCHIN;
Chief Manager.
Help your Friend and his Hobby by giving POSTAGE STAMPS
for
hison
Seeds
His
HONG KONG BRANCH. Every description of Banking and Exchange business trènsacted.
TRUSTEE AND EXECUTORSHIP UNDERTAKEN,
CURRENT ACCOUNTS, opened, “me | Edeat Cyfrency Bild, FIXED DEPOSITS received in Local Currency & STER- LING... in terms that may be ascertain-
donpplicatioii,
D. BENSON,
Manager.
Garden
We can supply the goods of
his and your want,
GRACA & CO..
Deslors Inza
Postage Stamps, Garden Boada,
ata, atd.......: 10, Wyndham Street Established 1800 Hong Kòn