BANKS.
THE HONGKONG
TELEGRAPH. WEDNESDAY, NOVEMBER 18, 1931.
THE CHARTERED BANK OF HONGKONG AND SHANGHA P. & O. BANKING
·INDIA, AUSTRALIA & CHINA,
Incorporated by Royal Charter 1839,
READ OFFICE:--LONDON,
Pak-Up Capill
Heverve Fund ... Reservo Liability of Proprietore ..
£9,000.000
4.040.000
AGENCIES AND BRANCHES,
IPO!!
RANGOON 110110 SAIGON BEMARANG
BEREMTIAN
KARACHI RT.ANG KODE SINGAPORE KUALA KITIAWAN
BITANGHAI
BANKING
CORPORATION,
—----་ན་ལ་
| Authorised Cabilai
.$50,000,00
Ineurs and Pully Paid-up Aterllog Sliver
- 20,000,00 £6,500,000 $10,000,000
1,000,000 Reserve Elatility of Proprietor ..$20,000,00
HEAD OFFICE HONGKONG.
BOARD OF DIRECTORA. Hon. Mr. C. G. B. Markle, Tepaty Chairman.
Hon. Mr. W. H, Bell, T, D.. Pearce, Eag A. J. Compton, Pag. 3. A. Plummer, B
B. Eander Lewin, 72q. T. H. B. Shaw, In [G. Miskin, Esz.
J. P. Warren, Eng
TAIPING
TIENTAIN
KUGHING
MARIAS
MANILA
ALOR STAR AMRITRAR BANGKOK BATAVIA DOMBAY CARGUTTA CANTON CAWNPORE CENU COLONNO DAMEN DELIT KADRONG
ΑΠΟΥ
DANGKOK BOMBAY BATAVIA
*KANGBA!! SOURARATA KUALA
TOKYO
TONGKAR
(Whoket)
TSINGTAO
MEDAN
NEW YORK YOKAMA PETING ZAMBOANGA Peking)
PENANG
Foreign Exchange business tracszeted,
Carmeni Arenunta
BAMBURG HANKOW HARBIN
ΜΟΝΟΚΟΝΑ
V. M. GRAYBURN, E. CHIEF MANAGER,
CALCUTTA
CANTON CHEPOD COLOMBO DAIREN
opened Banki POOCHOW HAIPHONG BAMBURG
nd
opental And Flant one, your or shorles which will be IL
HANKOW
grated on
HARBIN
| HONGKEW
1. STUART,
Manuger.
ILOILO
Depomlin teerived the
periode at application.
Norgkong. 17th August, 1981.
THE YOKOHAMA SPECIE
BANK, LIMITED.
Capital (huffy pakt up) Reserve Fund.
1. 100,000,000
.X 118,000,000
BRAD OFFIER.---YÓKONAMA.
Alexandri
Herbs
Homb
Caleatte
Canton
Branches and Agencies at
Kal Yuen
Karacht
Козвит
London
Tom Angeles Grons
Chaparben Muslim
iren (Dalny) Nagwaki
Sentien
{Malden)
11amburg
Bankow
Harbin
Hanotala
Nurs
Newchwang
Ble dr
Ben Franchen
See
Remarang Blanshet
Phimenomak! Sina
Abaya
New Yach
Bydney
Deska
Menela
Takya
Talnaofa
Trington
Peiping
Rangoon
Interest afkowed on Current Acomista, Descalia rerefeed for fized periode at ratam
to be obtained on, application.
1. MONI
Bongkong, March 11th, 1931,
Mantyer.
THE HO HONG BANK,
LIMITED.
{ESTABLISHED “W11)
(POR
JOJORE
КОПР
KOWLOON
BRANCHES | ***
KUALA LUMPUR
LONDON LYONA MALACCA
MANTLA
MUAR [Johor) BUKDEN
NEW YORK
PETING
PENANG
RANGOON
BAIGON
SAN FRANCISCO
RHANGHAI
KINGAPORE
SOURABAYA
RUNDE PATANI TIENTRIN
TOKYO
TRINGTAO
YOKOHAMA
Current Amounds opened in Local Currenc und Fixed Depila revelend for one year o ter efte In Local Currencs and Sterlime jabs to rarm which will he quoted en sypilotow
Jonkung, th Mar. 1931.
HONGKONG SAVINGS DANF
The Baler of the whore Blank in cos anrted by the HONGKONG AND SHANGHA BANKING CORPORATION. Roles b olisited on applleation.
FOR THE HONGKONG AND SHANOHA BANKING CORPORATION.
V. M. GRATBURN,
Chier MENT. Ilengkung. 10th July, 1930.
THE NATIONAL CITY BANF
OF NEW YORK.
CURRENCY REPORT
} STRONGLY CRITICISED.
(Continued from Page 7.)
our
change value of the Hongkong BOY SCOUT WINS
dollar increases substantially,
Gold Balancea.
To sum up, therefore, there are two inward movementa of gold! balances, the remittance business, which is very large (we have res
dible source of £40,000,000
CORPORATION LTD witnesses that the ordinary family colved one extimate from a ere-
(Incorporated in England, 1920.)
Authorised Capital...
| Subrcribed and Paid Up
Reveren Pand
HEAD OFFICE:
A year
APPEAL.
NOT TO RETURN It was generally agreed by
TO PRISON.
remittance business from the
Albert Alexander Isbell, the 19- Chinese communities overscar has time to time, and particularly dur-over recent years for the combined year-old Deptford Boy Scout patrol, speculative and family remit- 8,000,000 ing the years 1929 and 1930, been
leader, is not to serve the remain- and the export business, tances), 1,104.108 accompanied by speculative re-
of the sentence of three mittance business, which has at the amount of which is certainly der
much less than this figure and has months' hard labour passed on him times been very large.
greatly diminished during the inst
150,000
128, Leadenhall Bleset, London, 10, 1.
WEST LONDON DRANCHI. 14-18, Cockapur Sireet, London, f.W.L
BRANCHES-Bombay, Calcutta, Callont Coloratio, Hongkong. Madras, Shanghai,
Bingapore
AGENCIES:-in all the principal town of the world.
General Exchange and Danklag Dusiness transacted. Jasna and overdrafta granted da | approved security. Current und Fixed Deposit
costs opene
BAVINGS BANK ACCOUNTS—Intert allowed at rates which may be obtained Do application.
I
TRAYELLEIW CIFEQUEA ISSUED. Pameters travelling Homeward w Te commended to obtain Letter of Credit from which can be cashed through the Purser of any ', and 0, or B. 1. 2. N. Steamer or ayof the Brenches of the Corporation,
W. J. WADDINGTON.
Aculos Manger.
"SCENE" IN LORD MAYOR'S COURT.
COUNSEL'S EMPHATIC
PROTEST.
"NOT TREATED LIKE IT BEFORE."
London. Oct. 14. "I wish to make a public protest at the Lord Mayor
leaving the Court when I am making an ap plication which I have a perfect. right to makė. I have never been
HEAD OFFICE: 55. Wall Stree treated in any court in this renton
New York.
Capital, Surplus and Undivided Profits
Atemita 820,000,000 | ARGENTINE
8,000,000 BIGIUM
4,000,000
BRAZIL
CHILE
Authorised Capital
Loved Capital
Pak-ep Caolta)
Reserve Liabilities of Share-
holders
"
Hurpos
2,525,000 COLOMBIA
CUBA DOMINCAN
REPUBLIC
4,000,000 CHINA
HEAD OFFICE1-SINGAPORE,
Branchent Agencies and Correspondents to INDIA the principal either of the world.
Every decription of Bankhur and Exchange boles transacted.
TAN ENO HOOL
Manager.
JAPAN ITALY
.U.S.$224,664,29) Branches in:-
LONDON MEXICO TANAMA PERU PHILIPPINE IRLAND PORTO RICO STRAITS
SETTLEMENTS
UNUGUAY VENEZUELA
1 have been treated this morn-
ing."
This comment was made in the Lord Mayor of London's Court at 15c Mansion House, yesterday by | Mr. E. H. Butcher, counsel for one of ten persons charged on remand with breaking into a warehouse In Upper Thames-street, B. C., and stealing 33 cases of teu value £200. the property of the City and Con- tinental Wharves and Transport, Li, and also with having house- breaking implements in their pos-
Commercial and Travellers' Lesion by night. ters of Credit, Travellers' Chequer Bills of Exchange and Cabl BANK OF CHINA. Transfers bought and sold. Cur rent accounts and Savings Bant Borganised October 30, 1928, under special accounts opened and Fixed De charter of The National Government anpoaita in locul and foreign curren INTERNATIONAL EXCHANGE BANK cies taken at rates that may be ae Subscribed. Capital
.125.800,000.00 certained on
5,120,603 Bank,
Pak-Up Capital
Reserve Funda
24.110.000.00
READ OFFICE: SRANGEAL
HONGRONG BRANCH.
4. Queen's Road Central
the
The Lord Mayor (Sir Phene Seal), the presiding rangistrate, had intimated that he had to leave to attend a Court of Aldermen.
There was a "acone" when question of bail was raised.
After hearing two applications application to thethe Lord Mayor announced that bail was refused to all the defen- dants except three.
We are also able to offer ou Customers
tly the services of Branchea of the Internationg Banking Corporation in San Fra
Owing to dar numerous branches in China cisco, and Spain and also of Th
and are connections in the Important com National City Bank of New Yorl rakend to our clients apocii facilties for (France) S.A., in Paris and Nice
mercial rentres of the world, we are able to
Jamostic and foreign banking and exchange.
We also handle the leur of Bonda and other Publie Funds of the Chlume Gorernment buth some and abroad
SHOU J. CHEN,
Manager.
THE MERCANTILE BANK OF
'INDIA, "LIMITED.
Band Office: 15, Gracechurch Street. London. E.C. 3.
Authorised Capital
Bobbed Capital
Vaid Up Capital
Reseren Fund and Rest
BANKERS.
F. McD. COURTNEY,
Manager. Hongkong, 20th February, 193.
NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V. (Netherlands Trading Society.}
BANKERS.
ESTABLISUED 1836
£3,000,000 *,800,000 1,000,000 Longkong Omea: 11, Queen's Road, Destru 1,680,845 Authorleed Capital Guilders 150.000.00
(212,500,000. Paid-Up Capital .....Quilders 80,000.0/50 (0,609,174. Guliders (0,016.601 (£3,284,530
The Donk of England & Midinad Bank. Titd.
Kandy
Bangkok
BRANCHES Ipul
New York
་
Betaris Bombay
Penang
Karachi
Calcutta
Kota baru
Colombo
Kangmen banha Kuala Lumpur Simie
Dettil Galle
Snakin Ke
Singapore Sourabaya
Tongkang
Hon mb
Kuala Liple
Kuunlan
Madras
Port Loula (Maur|trun}
HONGKONG BRANCH.
Every description of Banking and Exchange frustevens transacted.
Travellers Cheguen landed.
TRUSTES AND EXECUTORSHIPS UNDERTAKEN.
Interect allowed on Current Accounts and Vlada Repealta et Rates that may be ancETY Wined on application,
C. L. BANDES,
MAARECT.
Reserve Fun
Head Offer-AMSTERÀM""
Eastern Bred OB:-BATAVÉL.
BRANCHES.
Bandong. Charibor Jeddah. Dimber, Diokjakarta, The Tarde, Koi Kota-lad Maker, Medan. Puduria Palembang, Pekalongan, Penani
Rangoon, Pontianak,
Batte dam, Bamanang," Bbangba
Sibels (Sumstra). Bla Boerebels, Boerakarta Teral. Tillstep and Treimer
• The office have safe deposit bonus to lar Londen Bankers Nation Provincia DAR
I.id.
Correspondents all over the world.
BANKING BUSINESS OF EVERY DESCRIPTION TRANBAUTED.
A, STOXKINI,
THE BANK OF EAST ASIA, LTD. Hongkong, 18th Avamer, 1988,
Established 1918.
HEAD OFFICE:
10, Des Voeux Road, Central,
HONGKONG.
Manager.
THE BANK OF CANTON LIMITED.
ESTABLISHED 1912.
Hend Office:-Hongkong,
Capital & Surplus over H$8,000,000 Authorised Capital Total Resources over H$30,000,000 raid-Up Fund Every description of Banking Fend and Exchange business transact-
ed.
IFRANCIES:
Mr. H. W. Wickham protested that the Lord Mayor had refused to hear certain witnesses with re- gard to ball.
"The Lord Mayor said that he did not object to hearing witnesses fidiculous.”
Mr. Wickham said that he asked to tender proper witnesses auto suroties.
"In my humble aubraission," he said. "it in a monstrous thing to refuse bail beenuse the police say that the defendants may interfere with witnesses who are big, strong policemen, I say it is ridiculous,"
Sergeant Johon-I oak the Lord Mayor not to grant bail. We are afraid of witnesses being in- terfered with, and not police wit
neuses.
The Lord Mayor-This is a very important case. It seems to me that there are great ramifications here. I am bound in the interests of the public to rely on the advice of the police.
Mr. Wickham-These people are innocent before you. They are in- nocent until they are found guilty. You are practically looking upon them as being convicted.
The Lord Mayor intimated that he would consider the matter fur- ther on Friday,
Mr. Butcher said that he claimed his right, as a member of the Bar. to speak.
"I ask for bail on behalf of my client, who la a man of unimpeach able character," he said.
The Lord Mayor again and that he would consider the matter Friday..
On
Mr. Butcher was making an ap plication with regard to the return of money to Jacobs when the Lord Mayor left the court.
Mr. Butcher then made the pro- 1,940.00❘test mentioned above.
1,250.00
The Clerk said that providing Canton, Shanghai, Hankow, to the Court of Aldermen was falshed in time,.he was aure that the Lord Mayor would come back and hear Mr. Butcher.
Bangkok, New York, and Ban Peso cs.co.
LONDON BANKKHS:~~~
The Lloyd's lank, Limbed, Correspondents in all Frincipai eltīm of ta
Current and Fixed Deposit Ac- rounts in local and foreign cur- ronoica opaned for ellents.
Savings Account and Safe De-warid. posit Boxes.
Branches and Agencies all over! the world.
KAN TONG PO,
Chief Managor.
Foreign Exchange and Itanking Boslases u vary description zanancied.
Pafa Deposit Boxas (vazione alase at Jousty kunta) of from 48 to $40,
LOCK POONG BÌAN,
Chief Menager Tonghower, 181h March, 1993.
Mr. Butcher I shall not be hero. I have said I want to say.
There was some confusion for a few moments, but oventually every- one left the court, the accused being |cacorted out by police officers.
expressed
A number of our Chinese wil year; and two outward movements by the Bromley Bench for stealing Besses in Malaya
the of gold balances, the general im- clothes, value 18, from a clothes- view, which as we have seen in port business and the North to line at Eltham. aiso current in Hongkong, that the South China import business. "normal" exchange value of the all-i
On considering the question of
Isbell was released from prison
ver Hongkong dellar la 2. and that balance of payments, we find that after serving three weeks, and it in hound ultimately to return to our witnesses are generally agreed when his appent wie heard at the this figure. This notion which in that, owing to the great volume of
to
particularly congenia! Chinese as an exemplification
the
remittances, even apart from those West Kent Quarter Sessions the the doctrine of yin and yang, er due to speculation, there has long Bench remitted the sentence and nction and reaction Cone et the been a general tendency for the in- bound him over.
fundamental conceptions of Chinese ward movement of gold balances philosophy) is held with such con-to exceed the outward, involving a
The appeal was made possible by
viction, that the fall of the ex-constant demand for more And Miss Mary Dixon, formerly senior change value of the Hongkong more Hongkong currency. The
DI
dollar below this figure appears to result is that, unless the volume of talstress at Adney and Stanhope have been enough to start a flow Hongkong currency increases pari Secondary School, where shell, an
of speculative
remittances, from
Parity Points:
This is borne out by two facts:- (1) The recent substantial
Miss Colwill, barrister for isbell, with highly respectable people, and said he had been found a home was making good progress in the employment which had been found him.
Overseas, which grew steadily in su, the banks (na has already orphan, had a brilliant career..
are continually volume as the dollar sank still lower, been explained). and has only recently abated be finding themselves "overbought" cause, as one of our Malayan wit-in gold currencies. generally stert nesses stated, the power, thoughing. not the will. to remit han enme to) an end. It is apparently generally agreed among the Chinese in Malaya! that speculative remittances on ́n' "two for one" hamis (the Stratus dollar being fixed at 25. id.) must be profitable, and incidentally there is same practical justification for this belief in the fnet that for
wages many purposes, -R
of domestica, cab-faren, hair-cutting- charges and so on, dollar prices are much the same in both triển,
coun-
At the present time there con- finues to be an inward movement
in- crease in the Hongkong and Shanghai. Book to issue
and
The Hon. 1. A. Hannen, the Chairman, In binding Isbell over for 12 months with Miss Dixon ng
2) the fact that the exchange surely in the sum of £20, said that value of Hongkong currency if the youth had afforded more in- formation to the magistrates and F frequently above and
the assistance of his obtained seldom below the theoretical i upper bullion point, that is friends he probably would not have the figure at which it would been sent to prison. be profitable 10 purchase silver and have it minted in- to dollars.
sions when our witnesses spoke of this account, that is the banks
This tendency has been so pro-Hongkong currency as being 1 or receive gold balances against the poured that it is customary
inner cent above parity we found liability to pay out Hongkong financial circles in the Colony to that in fact they meant 1 or 2 per money. This liability is likely to treat this theoretical upper bullion cent above the theoretical upper begin to mature directly
ex-point as parity. On several occa-bullion point.
NEW
the
SHOES
JUST RECEIVED.
NEW
GLOVES
LET US QUOTE YOU. Large Stocks held.
TEXACO ROOFING
GRADE UNIFURIS
E QUALITY
COMPUNE
FOOFING
TEXACO Rooling is
exceptionally durg.... ble. It is the most eco- nomical roofing material you can buy. Easy to lay-and fully protective under all conditions. Build a new roof with Texaco a weight for every purpose.
THE TEXAS COMPANY (CHINA), LTD.
14, Queen's Road, Central,
PILSENER LAGER BEER.
"Blue Girl" Brand. The mast sultable Boar for the tropics.
BY-
GORDON'S, Ltd.
Listributora:
Kang Tal Chan Yuen
The Pick of the
World's Provision
Market
PALETHORPE'S SAUSAGES SCOTCH FINNAN HADDOCK KIPPERS
BLOATERS
GENUINE YORK HAMS
TIL. 28153
Tel. 20904
"21828
20891
Kwan Tye
Tye Shing
21888
Nam Hing Loong 1
-20951
ROQUEFORT GORGONZOLA
ENGLISH CHEDDAR GRUYERE
DISCRIMINATING PURCHASERS
FAVOUR THE
"MORRISON PIANO"
Because they know its
PURITY OF TONE,
PERFECTION OF TOUCH,
and
LASTING QUALITY,
GUARANTEED
TEN YEARS.
TSANG FOOK PIANO CO.
8, Des Voeux Road, Central (Entrance for House Street.)
Telophaky $1648,51
RIPE
DELICIOUS
CAMEMBERTS $1.25 each.
FINEST ENGLISH HAMS
FINEST BLUE STILTONS
Orders are now being booked for Christmas.
PROVISION DEPARTMENT,
LANE, CRAWFORD, LIMITED
("Leopard HEAD")
TEL. 28158