HONGKONG & SHANGHAI
BANKING CORPORATION;
Authorised Capital ¿.......... Issued and Fully Paid-up Reserve Funda;----
Sterling
of
.$50,000,000 ..$20,000,000.
.£ 6,500,000
Pro-
Hong Kong Currency Re
serve
$10,000,000 Reserve Liability
prietors
$20,000,000
HEAD OFFICE: HONG KONG.
BOARD OF DIRECTORSİ' Hón. Mr. J. J. Paterson, Chairman.
craft at the hands of the R.A.F., the South African Air Force, and the small but extremely efficient Greek Air Force. The A.. Compton, Esq.,
W. H. Lock, Esq., Deputy Chairman,
J. K. Bousfold, Esq.,
L. J. Davies, Esq..
Sir Vandeleur M. Grayburn Chief Manager.
a. Miskin, Esq
K. S. Morrison, Esq., Hon. Mr. T. E. Pouros,
Amoy
BRANCHES:-
Ipoh
Johare Kobe Kowloon
heaviest losses have been. Mr. 8. H. Dodwell, Hon. Mr. A. E. Shields, Supporting Mr. E. M. Raymond, were appropriation the sum of $10,000 should Mr. S. H. Rosa (Director) Mr. H. Overy be placed to General Reserve which in the fighter class, for
Mr. W. L. will then stand
trust at $31,000. I (Managing Director) and
Shareholders
this the Fiat C.R. 42 biplane, of approve Alexander (Secretary).
Mr. E. M Raymond said:--Your recommendation and also of the recom-
Bangkok same Dividend which hitherto has been avia was done Directors are pleased to place before mendation to pay the
last year, viz 20 cents you accounts showing such a satisfac and Bonus as tory result. The balance from Work- per share and 10 cents per share res the standard single-seat-Calcutta ing Account for the year shown an in-pectively. crease over last year of approximately Turning to the Balance Sheet, it will er of the Regia Aeronau-Chefoo
ontica, has everywhere been Foodborne
had been done for combatant soldiers, he sald, "We gave them concerts and
We dances.
thought could win them by treating them kindly."
Capt. Wright added that after a sergeant told him that the men in
one room
$5,000. Against this, however, a
new be noted that the value of stocks we
item of expenditure appears in respect hand is approximately $13,000 greater of War Taxation. Tux for the year than last year. This has to a 1940/41 amounting to $2.387.10 which extent been brought about by the gen-
were mutinous he instructed Sgt. Cooper to drill
them.
When the men refused to move the N.C.Os took them by the arms and moved thent. Nothing was done in the
way of punishment, It was a routine drill. He never touched any of the men with his cane. And he did not see the N.C.O.s strike anyone.
The hearing was adjourned.
Bombay
Canlou
Colombo Dairen
ilankow Harbia
large completely outclassed and Haiphong was based on the Company's Profits for cral increase in prices of goods during hundreds have been des-
last year, has been paid. In addition the past year. Stocks have been con- to this charge, your Directors have pervatively valued and arc readily considered it prudent to make full pro- saleable.
vision for Tax for the Taxation 1941/42 which will be based on the Profits of the Company for the year to 28th February, 1941. This has been estimated at $4,300,
In conclusion I would like to inke
troyed.
Now the Italians are using a re- placement type, the Fiat G. 50. The prototype of this
machine
year Sundry Debtors are approximately the same a8 at 29th February. 1940. Full provision has been made for doubt ful debts and the greater portion of the was first flown three years ago, debts outstanding has since been col-but it only went into production lected.
last year at Turin. It is a small this opportunity of thanking Mr. Overy all-metal monoplane powered and his staff for their services during with a Fiat radial engine of 850 the year. I feel I am expressing the [h.p. The wing span is only wishes of Shareholders in doing 50. thirty-five feet, and the aircraft The staff has carried out their duties has been designed so as to have admirably under difficult circum-
good manoeuvrability. stances.
The net profit for the year carried to the Balance Sheet, after making this proviston, shows a decrease of approx- imately $600 on last year.
As I indicated in my speech from the Chair last year the question of stock replacements has given your Directors some cause for concern, By far the greater part of our stock 18 Imported from England and orders have to be placed with our agents and suppliers there advance.
many
The adoption of the report and state- ment of accounts was seconded by Mr. months in J. C. Saunders.
Shipping Space
LESS LINGERIE Women's lingerie production is to be severely curtailed under the Government's concentration of plan "When the industry plan. comes into full operation," а leading hosiery manufacturer The difficulties of obtaining shipping said, "production will be restrict space from England to Hong Kong in ed to two-thirds of the to al these troubious times are well known manufactured in the six months and your Company has not been any than this respect which ended on November 30 last more fortunate
other concerns in the Colony. It is year."
with considerable satisfaction therefore that your Directors can lay before you accounts showing such a good result
SECRET PAPERS IN CAR
In
I may say that in spite of the dif
Mr. B. H. Ross was re-elected де Director and Messrs. Linstead
and Davis were re-elected auditors for the
ensuing year.
GREATEST HANDICAP
to the
A father who wrote court at Scarborough opposing the ficulties being experienced, the turn- marriage of his son, a corporal of the Royal Signals, aged 21, to a A case
containing confidential over to date compares very favourably
with last year. In view, however, of girl aged 18, gave as his reason papers relative to the Ministry of
the uncertainty of the future. Aircraft Production was
ave his belief that marriage was the found Directors consider that the conservative
handicap to greatest by the police in an abandoned policy which they have followed during car at Kensington recently,
this past year or two should be con- soldier working for promotion. stolen from Ux-tinued. For this reason, they recom- | The car was
The court gave permission for mend that of the balance available for the couple to marry. bridge.
a young
WHY SUFFER FROM
HEADACHES SLEEPLESSNESS IRRITABILITY
when
ASPRO
WILL PROTECT YOU
THESE are nervous complaints that quickly yield to the soothing influence of "ASPRO THE
So many thousands of people have proved it if you have not proved it for yourself. you will generally find that your friends can tell you that "ASPRO' definitely does banish headaches in a few minutes→→brings sweet sleep to the sleepless and soothes away your irrita bility quickly and effectively. So why suffer?" "ASPRO' dats its work without harming the heart or the stomach. The time has passed when it was necessary to take dangerous - deugs and narcotics for these irritating complaints. ‘ASPRO' is safe, sure and effective in action➡you" can take it anywhere--at any time. The fact that after ingestion in the Jystem "ASPRO' 'is an anti-pyretic or fever-reducer -- an anti-periodic · ---- a germicide ---- an antiseptic and a solvent of Uric Acid, makes it one of the most useful medicines ever to mankind.
Its purity and efficienty is vouched for by doctors and durses all over-
the
Try ASPRO today
and BANISH PAIN and NERVINESS
"Bdle Agentst➡DODWELL & co. Obtainablá, at;all-Chi
Prok
and Drug
Bollo
Kuala Lumpm London Lyons Malacca
Manila
Rangoon Balgon
Ban-Francisos Shanghal
Sourabaya Sungel Patani Bwato
Tiontein
Muar (Jobore) Tokyo Mukden
New York Peiping
Penang
Tsingtao Tokohama
CURRENT ACCOUNTS opened in Local Currency and FIXED DEPO. SITS received for One Year or shorter periods in Local and Other Currencies on
terms which will be quoted oa' application.
SAFE DEPOSIT BOXES of various, sizes To Let.
TRUSTEE and EXECUTOR businesS undertaken.
Hong Kong, 26th February, 1941.
HONG KONG SAVINGS
BANK.
AND
The Business of the above Bank in conducted by the HONG KONG AND SHANGHAI BANKING CORPORATION, Rules may be obtained on application
FOR THE HONG KONC SHANGHAI BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong, 1st March, 1937.
As a result it lacks speed and it is also poorly armed. The armament consists simply of two 7.7mm. machine-guns mounted in the wings. The top speed is un- der three hundred miles an hour, so that it is only a little faster than the C.R. 42. The G. 50 in engagements with the R.A.F. and Greek fighters appeared to THE CHARTERED BANK fare no better than its predeces-
OF INDIA, AUSTRALIA sor.
AND CHINA.
inReserve Fund
£3,000,000 £3,000,000
£3,000,000
The Italians are also using an- other monoplane fighter, the Mac-Incorporated by Royal Charter, 1833. chi C. 200. Its design follows the Italian formula in which top speed Paid-up Capital and armament are sacrificed order to gain manoeuvrability. Reserve Liability of PI➤
prietors The maximum speed is 313 miles an hour, its engine is a Fiat radial of only 850 h.p., and it mounts two-Breda Safat machine-guns on top of the fuselage. These fighter aeroplanes, which are the fastest. Italy can muster, have been used lately in Sicily.
THE BANK OF EAST
ASIA, LTD.
Authorised Capital
Paid-up Capital
Reserve
Hon.
Profits
and Undivided
HEAD OFFICE: LONDON: 88, Bishopsgate, E.C.2. 117/122; Leadenhall Street, E.C...-
West End Branch:..., 14/16, Cockspur Street; S.W.1. -Manchester Branchi
b2, Mosley Street, Manchester, 2
AGENCIES AND BRANCHES:
Hankow
Alor Star
Baturia
Penang
Amritsar
Hary Kong.
Rangoon
Bangkok
Iloilo
Balgori
Ipoh
Beremban
Bombay
Calcutta
Klang
Harscht
.$10,000,000.00 5,598,000,00
Canton 2,003,261.50 Cawnpore
Cebu Colombo Delhi
cles:
Kobe
Sitiawa
Street Kuala Lumpur Sourabaya
Place Kuching
Talplug
Madras
Tinaisia
Manlle
Tongirab
Medan
(Uhuket)
New York
Tengiso
Peiping
Yokohama
Haiphong
(Peking)
HEAD OFFICE: HONG KONG 10, Des Voeux Road, Central,
BOARD OF DIRECTORS:
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 Wan, Esq.
Kan Tong Po, Esq., Chief Manager. Hon. Mr. Li Tse Fong, Manager.
Manila
BRANCHES AND AGENCIES:-
Seattle Satnaraug Nagasaki Shanghai
Amoy
Batavia
Bombay
Calcutta
finly hong Hankow
Honoluly
Robo Kowloon
Loudon
Melbourne
New York Parin
Peiping
Penang Rangoon
SalROD
Dingya
Swplow
Sydney Tientsia Vancouver
San Francisco Forma
Every description of Banking and Exchange business transacted, "Loans granted on approved securities, and
Current Accounts opened in Loent Currency and Fixed Deposits received fer one year or shorter parlods 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 Office: Hong Kong. 16, Des Voeux Road, Central. Authorised Capital: $10,000,000.
LONDON BANKERS: Wootminster 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.
WPHILIP=GOCKCHIN,
Chie) Manager.
FOREIGN EXCHANGE and, General Banking Bustness transacted;
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods in Local.or Other Currencies at rates which will be quoled on application.
SAVINGS ACCOUNTS also opened m Local Currency and Sterling with in- tercat allowed at rates obtainable on application.
The Bank's Head Office in London undertakes Executor and Trustee busk ness, and claims recovery of Britain Income Tax overpali, 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 15, Gracechurch, Street, London, E.0.8.
#£3,000,000 Authorised Capital NETINK Subscribed Capital 1,000,000 Paid-up Capital ....... 1,050,000 Reserve Fund &. Rest MAIN 1,254,030
BANKERSALKKAR The Bank of England and Midland Bank, Ltd.
BRANCHES:
Kota Bhant, Shanghai,
Bongkok
Bombay
Kuantan
New York
Calcutta
Kandyadha
Pinang,
Colembo
stachi
Hangson.
Gallo Hong Kong Howrah Ipoh
Kuala Lunipi. Simula
Kuala Lipiede Bluguporo
Treugganu
MLA HONG KONG BRANCH L
Every description of Banking and Exchange business: transactou.",
TRUSTEE AND EXECUTORSHIP UNANG UNDERTAKEN, ARE BA CURRENT ACCOUNTS opened in Local Currency and FIXED DEPOSITS received in Local Currency & STER LING on terins that may be ascertained on application,
D. BENSON;
··Manager.