1930-02-28 — Page 2

2

HONG KONG AND SHANGHAI

BANKING CORPORATION.

kathorized Empilat

Ismed mod Tally Palday's

Manor en Ponda (—

Bellag com☎5, 500, OGU

Silver

$2,500,000

$50,000,000 $30,000,000

kaserna Elability of Propiator .............. $30,000,000

HEAD OFFICE: HONG ZOMA

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853,

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund

...$3,000,000 .24,000,000

....£8,000,000

Reserve Liability of Propris.

Agencies nud Branches:

KUALA LUMPUR RUCHING

tora

ALOH NTAS

(Malay Busm)

AKHITHAN

BANGKOR

BOARD OF DIRECTORS:-

3. a. Flammar, Esq.

Chairs

0.0.8. Mackle, Bag,

Deputy Chatman

1. D. J. Bočāk, Esq.

W. H. Bell,

A. Compton, Eng.

B. Lander Lawia, Zaq,

W. L. Faltanden, Eaq, 7. H. Pearce, Bag,

T. 11. H. Nhaw, Kaj.

J. P. Wamun, Eq. Chiat Manager.

Hom, Mr. A. C. Byası.

BRANCHE :→

LONDON

NATAVIA

BOMBAY CAPJUTTA CANTON

CAWNPORN

0200

COLOMBO

DAIREN (Dubey

South Mannharia)

DELHI

HAIPHONG

HAMDURO

HANKOW

HARBIN

(M. Manchuria)

ILGITA

AMOT

-BANGKOK

BATAVIA

BOMBAT

CALOUTTA

CANTON Onvoo COLOMBO

DAIREN FOOCHOW HAITIONO

HAMBUNG

HANKOW

HARBIN

HOKOXEW

ILOILO

IPOS

JOHORE

ГОБЕ

KOWLOON

KUALA LUMPUR

LYONS

MALACCA

MANILA

MU VR (Rahu

MORDEN NAGASAKI

NEW YORK

PEATING

PENASO

BANGON

SAIGON

SAN FRANCISCO

MIJANODAI

SINGAPORE

SOURABAYA

HONORI PATANI TIENTRIN

fuzro

TRIKOTLO

YOKOHAMA

Carreal Apocenia opened in Excel Durmary sad Yixed Deposita moved for one year or skara pecode in Local Currency and g

Da sume which will be quoted on appli

Hong Kong, 29th February, 1930,

HONG KONG SAVINGS BANK.

The Basizme of the above Dunk is oondust

the HONG KOKU AND SILANGELAT BANKINO.. CORPORATION, Bales y be obtained on application,

FOB THE HONG KONG ASHANGHAI PARKING CORPORATION.

Д. С. ЦУНКА,

Chief MassageT,

Hong Kong, 14th September, 1927.

NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING BODIETY)

BANKERS.

Eerablished 1834.

Yong Kong Offas 1–11. Queen's Bosé Crainl dashorised Capital Gelider 150,000,000-

Phil-Up' Capital

Manager. Pand

(4100,000) Gulin,000,000

(28,006,087.) Guilders 40,000,000

Hand – 02on2=-(AMSTERDAM'). Eastern Bond 0000:--DATAVIA. RANCHES —Bandjarmania Bandosat) Bombay,

[sharia") The Blagos"), Jeddah, Kade, Kota Badia, Makassar, Medan, Padang

HUNG MONO

IPOK

KADHAR

MANILA

VEDAN NEW YORK PEKINO PENANO PESHAWAR XANGOOM

SALOON

SEBARANG

SERENBAN

ЯHANDRAI

SINGATOARE

SUURABAYA

TAIPINO

(P.M.B.)

TAYOT

TIENTSIN

TOKYO

TONOKAH (Džukel)

TRINGTAO

YOKOHAMA

ZAMBUANGA

KUALA KANOBAR

(Pallippine Islands)

and

КАПАСТИ

KLANO

XODX

General

Park (P,M.8.) Foreign Exchange Banking business transacted.

Current Accounts opened and Fix- ed Deposits received for 1 year or shorter periods at rates which will be quoted an application.

A. H. FERGUSON,

Manager. Hong Kong, 8th January, 1929.

THE HO HONG BANK, LTD. (Established 1917.)

Authorized aaued

CAPITAL.

Paid-up

Reservo Liabilities

Shareholders

Surplus

Every description Banking and Exchange business transacted.

TAN ENG HOOL

Manager. Hong Kong, 15th May, 1929.

THE

CHINA MAIL.

COMPANY MEETING

COMMERCE

The Bank of East Asia, Limited

SUCCESSFUL YEAR

The eleventh ordinary yearly meeting of the Bank of East Asia, Ltd., was held' yesterday after-

noon.

AND

FINANCE.

abroad our great appreciation of the good service which has played so important a part in the success-

ful year's working which I am now

able to lay before you.

I beg to propose the adoption of the report and accounts and after this has been duly seconded I will endeavour to answer any questions you may wish to ask.

Mr. Poon Hiu-cho seconded. No questions were asked and the adoption of the report and account was carried unanimously.

On the proposition of Mr. W. N.

The Hon. Sir Shou-son Chow presided, and there were present Mesar. Wong Yun-tong, Li Koon- chun., Wong Chiu-son, Chan Ching-Thomas Tam, seconded by Mr. Li ahek, P. K. Kwok, Fung Ping-than Seth, and Fleming were re-elected Lan-sang. Messrs. Percy Smith, (Directors) and many others.

auditors for the ensuing year.

Satisfactory Profit

After the notice convening the meefing had been read by the Chief Manager, the Chairman sald: Gentlemen, the report and statement of accounts for the year ended December 31, 1929, together with the Auditors' report, having been in your hands for some time I will, with your permission, take

The meeting terminated with the announcement by the Chairman that dividend warrants would be ready

to-day.

WORLD BANK

Federal Bank Chairman As Director

-

Washington, Yesterday.

Mr. McGarrah, chairman of the New York Federal Reserve Bank, has resigned in order to accept International the directorship of the Bank of

Settlements, Mr.

them as read. $20,000,000

8,000,000 The result of the year's work- 4,000,000 ing, Including $401,749.74 brought forward from the previous year, 4,000,000

shows a net profit of $1,192.927.92 2,210,000 HEAD OFFICES SINGAPORE.

which. I think you will agree with Branches, Agencies and Correspon me, is quito satisfactory. denta in the principal cities of the You will observe from the bal- world.

ance sheet before you,

that the J. H. Case, Deputy Governar of grand total of our assets and lia- the New York Federal Reserve bilities stands at over $31,000,000 Bank will succeed Mr. McGarrah. showing an increase of about-Reuter's American Service. $11,000,000 over that of the pre- vious year and indicating the pro- greas made by the

Bank during the year under review and the con- Adenco of the public in Ite man- agement. The increase is mainly to be found under the head of de- posits which I am glad to be able to say show steady growth both here and at all our branches.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO)

HEAD OFFICE:-Talpab, Formos Incorporated by Special Imperial

Charter, 1899.

OFUERA

Koog Bingapore, Bemarang, Balaria Bambay,

London, New York, Dairan.

LONDON BANKYES

EMPIRE ECONOMICS

Work of the Advisory Council

London, Yesterday.

The Economic Advisory Council

to

Central Bank in Farmose Bank-Horne issued Average amount anYaa 45,000,000 BHANOMES AND LOENGLES; JAPAN —Tokyo, Yokobazu, Kobes Osaka.

In keeping with the general ex-set up by the Prime Minister to co- FORMUSA

Eigh Karenko, Kalung,

Bank's business. ordinate the work of the depart- Makoor, Neblo. Babchito. Takis. Tai pansion of our Takso, Tamsul, Tose, Haito, Taiso

there is an increase of aboutments concerned GHINA 1—Bhanghai, Hankow, Amey, Forchow,

with economic Busson, Čanion.

$1,700,000 in our loan

account, and Industrial matters, and Bwhile the amount of the bills held advise in trade matters, is to begin by us at the end of the year is work, and has appointed an Im- about $1,000,000 higher than that perial sub-committee, of which of last year.

Sir Arthur Balfour is chairman.

Sir Arthur Balfour, who la the well-known steel magnate, WALA chairman of the Government com. mittee on industry and trade In 1924.-British Wireless Service.

Onoue, Charbon, Dacabar, The Londos Denny Waiminator and Fire's Beak The Bank has Correspondenta in all the pin Fon Man, Bangoo Beamspel Commental Contra biroughout the wirich"

Primerbang." _Pekalongan, Penang,

Baming')

Bhanghal Etbalg (Bamave) Biprapors, Boara.bela Bosskarte (Bud), Tegal, Tylleijng and Welte voided.')

17 Thon show kita sela deposit, horas, so lak Löydim Bankara se Kalkanal. Provincial Bank Ltd.

Gormsepandanta all over the world

Emaking business of every

Loription was puɑROG.

8. M. ELERRO,

Hong Kong, Yith May, 1929.

Manager.

BANQUE DE L'INDO - CHINE.

'HEAD OFFICE:

#6, Boulevard Manaman, Paria.

Subscribed Capital Frs. 72,000,000.00 Paid-Up Capital...Fra. 68,400,000.00 Reserve Funds ....F102,000,000,00 BRANCHES: Bangkok Hong Kong Qulabon Raitambang Be

Saigon

Catho

... Mengthe

Shanghai

Canton Nam-Đinh Singapore Djibouti

Noumea Thanhes

Fart-Bayard Papeste

Haiphong Hankow Hanoi

Timtain Pnom Penh Vizh Pondicherry Yunnanfa BANKERS:

Peking Tourane

IN FRANCE: Comptoir National d'Escompte de Paris: Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel at Commercial; 80- clate Generale.

HONO. KONG, BRANON (

Yous Bond Canizal long I 1998 January, 1900.

We have written off a

sum of $45,799.85 from Bank premises and, in addition to the usual de- preciation on furniture and fix tures which include our Ane in

THE BANK OF CANTON, LTD.stallation of safe deposit boxes in

Established 1912.

Head Office: Hong Kong.

Autorised Unpital (B.E Durrency) ...$11,000,000 Paid Up Capini

8,584,300 Deserve Tun

$60,00 BRANOLES

Bhanghai, Kankow,__ Bwakow, Bangkok, Now Toch and Ben Tacolo,

LONDON BARKERS ;+ +

Gu

The Lloyd's Bank Lemitat. ODKAPONDENTS

In all principal cline of the Worlă, *

· Porsign" szóhangs and bankina bosinom of sizy description asserted.

Safe Deposit Botas (various Jane) ai u posely

„THE DE PÈLERIE JE POLARI

LOOK FOONG SHAN,

Chlet Manager,

Rong Kong, 19th February, 1927.

THE BANK OF CHINA.

行銀國中

(Specially Authorised by Presidential

"Mandate of the Republic of China on the 22nd of November, 1917.)

IN LONDON: The National Pro-Authorised Capital vincial & Union Bask of England, Paid-up Capital "Ltd.: Comptoir National d'Escompte Reserve Fund.

de Paris: Credit Lyonnais.

IN NEW YORK; J. P. Morgan & Co; French American Banking Cor- poration; Guaranty Trust Co. of New York.

to arrangementa.

Exchange Business transacted.

Hafe Deposit Boxes to let.

Manager.

Hong Kong, 1st May, 1929.

A. LECOT,

Hong Kong. Shanghai and Kow- loon, the Directors are seeking your authority to-day to write off

U.S. COTTON

a further sum of $21,266.54. This New York Not a Delivery

account will then stand in our books at the nominal 'sum of $1. General Reserve

The Directors feel no doubt that you will endorse their policy in transfering the sum of $250,000 to General Reserve thus bringing that account to a total of $1,750,000.

Point

New York, Yesterday.

ted an amendment to its by-laws, The Cotton Exchange has adop- whereby a new contract is created eliminating the differential be- tween delivery in New York and designated southern markets..

This amendment la expected to eliminate New York

as a delivery point.

The total amount of cash avail- able together with the amount of bullion in transit represents over 70 per cent. of our liabilities on current and deposit acounts.

The Directors' recommendation Trading in the new contracta be- to-morrow, starting with

of a dividend of $6 and a bonus.

gina

of $2 making a total distribution October contracts. Trading in the

of $8 per share is the same as last old contract continues until the end of January-Reuter's Ameri-

year.

Taking advantage of the quiet can Service. #60,000,000.00 | conditions prevailing during the 13,278,600.00 summer, our Chief Manager paid 9,029,076.24 a vielt to French Indo-China and the Straits Settlements for the purpose of making preliminary arangements for establishing

HEAD OFFICE: FEKING.

HONG KONG BRANCH:

4. Queen's Road Central.

branches in these Important 'bual- Branches and Sub-branches all overness centres in the near future. On

London Banker:---The National

Thanks to Staff

EXPORTS FALL

Australia's Position Explained

Canberra, Yesterday. Mr. Sculla, In a statement on

Although exports began

ta

FRIDAY, FEBRUARY 28, 1930.

COKE

SUITABLE FOR ALL HOUSEHOLD

AND INDUSTRIAL PURPOSES.

$17 per Ton

(EX OUR HONG KONG OR KOWLOON WORKS).

BEST CRUDE

CRUDE COAL

TAR

30 Cents per Gallon

(EX OUR HONG KONG OR KOWLOON WORKS).

SPECIAL QUOTATIONS FOR QUANTITIES,

HONG KONG & CHINA GAS CO., LTD.

West Point, Hong Kong, and Jordan Road, Kowloon.

Telephone C. 47. Auto 20000.

The Proud Mother

finds in her child a never-ending source of joy and at the same time a never-falling responsibility. Above all other considerations she places that of the child's well- being, and if she is wise she keeps Baby's Own Tableta always ready hand for the preservation of

at

BABY'S OWN

TABLETS

Interest alloway on Current Ac China and Correspondents in Europe, his return the Directors decided to counts and Fixed. Voorits according America and other parts of the world open our own Office in Haiphong in the financial outlook, said the fall the little one's health.

Wary description of Banking and Provincial and Union Bank of Eng. extension of our fixed polley of pro- in the value and volume of ex-

land, Ltd.

viding more facilities for Chinese portable primary products in The Guaranty Trust Company of abroad. I am glad to inform | Australia, within recent - months, New York

you that this Office was duly opened | was responsible for the difficulties New York Bankers: The Irving for business on January 15 this year of the exchange position on London, National Bank

The Equitable Trust Company of and the inauguration ceremony which were accentuated by the New York

waa well attended by all sections of fact that market conditions had are of immense value in the home AT

es a prompt remedy for infantile THE YOKOHAMA SPECIE BANK, counts and Fixed Deposits. Terms on officials.

Interest allowed on Current Act the community including many high made Australian borrowing in Lon-Indigestion,

constipation, colic, don undesirable. LIMITED

application.

*wind,' vomiting and diarrhoea. Every description of Banking Bust.. I do not think there is anything diminish in value some time ago, teething pains, quiet the nerves, They quickly reduce fever, ellay ness transacted,

Loans granted on approved recur- that requires my comment except | extensiva importing continued, con- İtle.

that I wish to express to ali mem-sequently the demand be importers and bring calm, health-giving Special facilities for Home Ex-bers of our staff, both here and and others on the London funds gleep in a perfectly natural way. change.

now exceeded the supply, notwith-Are guaranteed absolutely pure, SHOU ♫ CHEN,

standing the shipment to London and perfectly safe for even the of £17,000,000 of Australian gold youngest or most delicato infant. since July. The banki, without

Of chemists, or post free, 60 pressure from the Government, had cents the vial, from 'Dr. Williams' taken steps to conserve their Lon Medicine Co., 60, Klangse Road, don funds, and increase the bank Shangha rate as a necessary corrective. The m

Established 1880, Capital (fully paid-up) Yen 100,000,000 Bäterve Fund

Yan 108,500,000

**—YOKOHAMA.

Bombay

Burnos Ayris

Calcutta

Nagoya !

Newchwang New York Otaku Peking

HARMOON

Rio de Janeiro Halgon

San Francisco

Ciligeban Extren. (Daly) Fangtien (Mukden) Seattle

Hambur*

Manager

THE BANK OF EAST ASIA, LTD. HEAD OFFICE: HONG KONG. 10, Des Vootix Road Central, Hong Kong.

Authorised Capital

Pald-Up Capital

Resze

.$10,000,000 :8,000,000 1,500,000

BRANCHES AND AGENCIES

Batavia

Bombay Nagudaki

San Francisco

Calcutta

Canton

Hingapore Seurabaya

Honolulu Pairing!-

Kobe sel

Halphone

THE INDUSTRIAL & COMMERCIAL BANK LIMITED.

HEAD OFFICE: 12-14, 'Queen's' Road, Central,

"Hour Kom)"

BRANCHES

Shanghai," Hanków, Canton,

but the Kongetoon.

CORRESPONDENTS.

In all principal cities of the world, Every description of Banking and Exchange business transacted. We

HONG KONG BENEVOLENT SOCIETY ANNUAL GENERAL MEETING

to be held at the

CHEER 'O CANTEEN

at 11.15 a.m.

MONDAY, March 3rd..

CHY LOONG.

NEW SEASON PRESERVED GINGER

Best quality Prompt attention to Exporters

Office: 231, Queen's Road Central, 2nd floor, Tal. Central 2530. Factory:-500-504, Canton Road, Yaumati, Tel. Kowloon 869.

BUSINESS DIRECTORY

THE NEW SILK STORE. TAJMAHAL SILK STORE. .

LADIES': Shawls, Hourl Coats, Kinomos, Underwears (3. pc. set) at $18.00. GENTLEMEN'S -Silk Shirts $3.00 & Silk Pyjamas $5.00.

Copp. "China Mall.");

6, Flower Street, '

BOOKBINDING.

THE ··· NEWSPAPER - ENTER-

PRISE LTD.,

for Superior Binding "China Mail" Offices,

3A, Wyndham Street, Tel. 0.22.

Government would do its utmost to HONG KONG HEIGHTS DENTIST.

remedy the position-Beuter.

REDS SET-BACK

Melbourne, Yesterday, The Trade Union Congress has

offer prompt and personal service rejected motion re-firming aff- TIENMUTAN,lation of the Australian Trade

General Manager.

TRIUMPH

Union Council with, the Pan-Pacjśc Secretariat.

This is a sereve set-back for the "Reds."Reuter

Conservativ

Coaletines Bill Art Fakher things, to

For the information, of visitors the following Hist of some of the highest points on the Island and Mainland is published:

Island. Victoria Peak

Feet. 1829

HARRY FONG, Dentist,

FOR BETTER PRINTING.

THE

NEWSPAPER ENTER PRISE LTD..

General and Commercial

Printers,

"China

Wall-

Offices.

SA, Wyndham Street, Tel. C.22.

HAIR DRESSERS & BOOKSELLERS

LEE YEE,

+

Ladies' and Gentlemen's Hair

Dressers & Booksellers. No. 12, D'Azilar Street, (opposite Queen's Theatre).

OPTICIAN,

1st floor, No. 74, Queen's Road || "THE HONG KONG OPTICAL

Central. Tel. C. No. 1255.

ELECTRICAL SUPPLIES.

THE "GLOHE FOOK CHEONG ELECTRICAL SUPPLY CO., LTD. * 72, Queda's Road, Central. MENTI, C1270.

ENGINEERS & SHIPBUILDERS. WAS BAILEY & CO., LTD.,

Kowloon Bay.

Birdal Station.

174

Mt. Parker

3724

Mountain Lodge

1728

The Eyrie

1725

Peak Hotel

1305

Talkoo Sanatorium

A

{K£; Davis

877..

297

A

1973

New Work & Eaptiraa

Call Flax #Z♬

Bole Agents för Kelvin Motors,

Phone 2232.

58, Queen's Road.

Central