1930-03-25 — Page 2

2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Autosland Capital

$50,000,000

Loned and Fully Pald-$20,000,0 Bos Funde ;--

Sterling

46,5MG

Bourse Liability of Proprietors 90,000,000

A

}

DEAD OFFICE: HONG KONG

BOARD OF DIRECTORS :-

J. A. Plummer, Esq.

Chairman.

G., H. Stackle. Kan.

Deputy Chalraes.

2. D. P. Balik, Esq. W. D. Ball, Yaq.

A. L. Dacapon, Kıq.

Laude Lawis, Lış.

ΑΜΟΥ

BANGKOK

MATAVIA

BOMBAY

CALCUTTA

CANTON СВАРОВ DOLOMBO DAIZEN F0000W

»W. I. Peibenden, Esq.

T. E. Pears, Esq.

T. II. 3. SHAW, Raj.

J. P. Warren, Raj,

Acting Ciklef Manager, V. M. Lirashuve, Red,

BRANCHES:-

LONDON LYONG

MALACOA

MANILA

MUAH (Jober)"

MERIKS

KAGANAKI

NEW YORK

PELPING

PENAND

EANGOON

SAICION

HAIPIKONO

HAMRUEO

SAN FRANCIBOU

HHANGETAT

SINGAPORE

HANKOW

BARDIN

HONGIEW

KLAHO

IFOR

ЗОНОВЕ

LOBE

KOWLOON

KUALA LUMPUR

SOURABAYA

AUNGRI PATANI TIENYBEN

TOKYO

THINOTAD

YOKOHAMA

Durgat Amounts opened in Ecoal Currency and Fizad Deposits sostred for one your be aleries perioda in Local Currancy and being

an seems which will be quoted on applion liom, Hong Kong, 1704 Strek, 1930.

HONG KONG BAVINGS BANK.

The Business nf the above Brak Is conduct- nd by the 110ND R) AND SHANGHAI BANKING CORPORATION, Bules may be astalund on application.

POR THE HONG KONG SHANGHAI BANKING CORPORATION.

V. M, GRAYRUAN,

Arting Chief Manager,

Hong Kong, 17th March, 10.

NEDERLANDSCHE HANDEL

MAATSCHAPPIJ, N.V.

FESTHERLANDS TRADING SOCIETY}

BANKEES.

Established 18141.

Tong Kong Mon:—11 Queen's Hood Central

kudumised Gapital Quildera 124.000.000-

PlUp Capital

Reserve Fund

(213,503,000,) Dok,000,00

(1.800.847.) Ouilders 10,000,000

(£1,030,380.)

Bad Dot-{AMSTERDAM'). Kuniors Boad Offer:-BATAVIA. #MANGUES |--Daudjarmasin Bandong") Bombay,

Calenita, Charlbon. Djembar, Djok- {akarta') The 55ngun"). Jeddah, Koba.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1855. HEAD OFFICE: LONDON. Paid-up Capital

Reserve Fund

Reserve Llability of Proprie

.£3,000,000

£4,000,000

...£3,000,000

Agencles and Branches:

tors

ALOS STAB

*(Malay Bialas)

AMRITSAR

HANGZOR

BATAVIA

BOMBAY CALOUTTA

DANTON

CAWNPODR

CEBU

COLOMBO

DAIREN (Dang

Bouth buria)

DELUI

HAIPHONG

HAMBURG

HANKOW

HARBIN

FONO KONO

11,011,0

IPOH

(N. Manchuria)

KARACHI

KLAND

KODE

KUALA BANOSAR

KUALA LUMPUR

KUCHING

MACIAS

KANILA.

MEDAN

NEW YORI

FEHING.

PENANG

PESHAWAR BANGOON

BAIOON

BEMARANG

SEREMBAN

BETANGHAL

НЕКОПРОВЕ

ROUBANAYA

TAIPING

(2.M.H.)

TAVOI

TIENTSUS

TOKTO

TONORAR (Uhukai)

TBINOTAO

YOKOHAMA

TARIFF TRUCE

THE CHINA MAIL.

Step Toward Economic Understanding

COMMERCIAL TREATIES

Geneva, Yesterday.

COMMERCE

AND

FINANCE

“GIVE ME A CHANCE"

Sir George Schuster and the Finance Bill

HELP FOR OIL CONCERNS

GENERAL CHAMBER

Activities of Last Year Reviewed

CURRENCY PROBLEMS

The annual report of the General Chamber of Commerce atates:

In presenting its report for 1929, the Committee desires to mention that the printed record is by no means a full account of the work done during the year. Questions in connection with draft and counter- draft Commercial Treaties between Great Britain and China, and other confidential matters, have occupied New: Dolhi, Yesterday.

much attention, but a stage has not The final meeting of the Tariff The Legislative Assembly passed Truce Conference was devoted to the third reading without division yet been reached at which a public

statement can be made. the signing of documents, firstly, of the Finance Bill. Sir George

Currency problems, and the fall in for the mainten-Schuster urging them "to give me the convention ance of commercial treaties for a chance to pass these taxes and the price of silver, with its effect one year, signed by eleven out of see what comes of them." He added upon the value of the silver dollar, have been the principal anxiety of 30 participants, including Britain, that if smail olmpanies proved the business community in Hong Current Accounts opened and Fix France, Italy and Holland; second that they wore hard hit by the re" Kong and the Far East for some ed Deposits received for 1 year or ty, the protocol regarding the pro-arrangement import exclae sharter periods, at rates which will gramme for future negotiations, duties, they would be given special months. The process of adjustment be quoted on application.

relief. He also promised to do his to changed, and everchanging, con- signed by 15 Powers. A. H. FERGUSON,

Herr Moltke, the chairman, in utmost to assist the Indian augar ditiens is painful, and the Commit- Manager.

tee has small comfort to offer. a farewell speech, said that the reindustry-Reuter. Heng Kong, 8th January, 1929.

Export trade, which-at lenst- sults had not fulfilled their hopes

should eventually benefit by the ex- ceptionally low exchange, is handi- capped by disturbed conditions in South China Provinces. Certain

ZAMBOANGA

Farek (...)

Foreign Exchange

(Philippios nadej

and

Banking business transacted.

General

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

Authorised

Irated Paid-up

CAPITAL.

Reserve Liabilitka of

Shareholders Surplus

$20,000,000 6,000,000 4,000,000

2219,000

HEAD OFFICES:-SINGAPORE. Branches, Agencies and Correapon- dents in the principal cities of the world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOL,

Manager. Hong Kong, 15th May, 1929.

FO

or expectations; nevertheless, they step towards an had taken economic

which understanding cthers would doubtless follow- Reuter.

TARIFF REVISION

Bill Taxes Everything

But Gall."

SENATOR'S SMART RETORT

of

U.S. TRADE

Retarding Factors Being staple articles of export have not

Overcome

Washington, Yesterday.

-

been available for several weeks at a time, exporters obtaining force majeure certificates In respect of

Mr. Julius Barnes, the chairman af contracts from the middle of Novem- President Hoover's business survey her onwards. Apparently only peace, conference, has published an estimate and a vastly improved standard of of the state of American business,

as the principai living in China, The report, which is based on data silver-using country of the world, from almost every important business can offer any prospect of permanent Industry, expressly omits any conclu- betterment of present conditions; sions. The gist of the report is that and that, unfortunately, is still a Washington, Yesterday. The senate has completed the some early retarding factors, partly distant expectation. If the slump psychological, appear to have been in allver promotes an earlier solu- revision of the tariff. The final gradually overcome. The data indicate on the Bill, embodying the revised that the importance laid on construction of China's political problems it tariff, will be taken on Monday. tion as influence in restoring the in-may prove, In the long run, a blona- The passage of the Bill by the dustrial balance has not been over em-ing in disguise.

The general tenor of trade reports Upper House, which appeara cer- phasised. tain, means that it will be sent to The report states that the first re-which various members of the conference with the House of Requirement, however, for a restoration Chamber have been good enough to presentatives for the adjustment of of the industrial balance, is adequate supply, and which are included in and reasonably-priced credit.—Reuter's this volume, is that business in most several hundred differences. The fretful mood was characterised at American Service, yesterday's session, in the course of Central Bank in Formones. Bank-Note fasued Avang MOLLEY, 45,000,000 which Senator Caraway remarked

BRANCHES AND AGENCIES: JAPAN Tokyo, Yokohama, Yobe, Ozzia. "This Bill taxes everything but FORMURA:-Ciran, Engl, Karinko

Akong Nano, Bilacbite, Teini, Tegal," to which Senator Glass re- Takso, Tamui, Toso, Balia, T

torted ironically "Well, if we taxed CHINA-anahal, Haskow, Amoy, Fooohaw,

Below, Danton.

that we should have considerable OTHERS-Long Ecog Bigspor Boonsbayn,

Homarang, Dalia, Baday. Calonita, revenue."

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)

HEAD OFFICE:-Talpeh, Formosa Incorporated by Special Imperial

Charter, 1899.

London, New York. Da

LONDON BANKERS.

Kate Badju, Matar, Kedaa. Tada The London County Weltster and Parr's Bank. Palembang, Pekalongan. Petang. Pontianak, Bangsterdam'), Bamarang"), Shanghai," Sibola The Bank bas Correrpondente in all the prin ikamsıral, Bingapore, Fownbais. Įsipal Commercial Cantess throughout the world. Boerakarta (Bola), Tegal, Tilistinp

E. NAGURA and Walavročan.")

* These sfflone kara mais devolt bones to Zak. Landes Bankers-National Fratinɔial Bank Ltd.

pendenta all over ike world

Banking business of every dancipation ScamAZYVONË,

P. K. ELBERO

Besa Kong, Y7th May, 1999.

Mangor.

BANQUE DE L'INDO - CHINE.

HEAD OFFICE:

16, Boulevard Hamaman, Pario.

Subscribed Capital Fre, 72,000,000.00 Paid-Up Capital...Fre. 68,400,000.00 Reserve Funds ....Fra.102,000,000,00

BEANCHES:

Bangkok Hong Kong Quinhon Battambang Hue

Saigon Genthe

Mengtze Shanghai

Canton Nam-Dinh Bingapore

I

HONG KONG BRANCH'

Xes Your Bond Centr Hong Kong, 17ih" January, 1979.

Manager.

THE BANK OF CANTON, LTD.

Establimbed 1912.

Head Office: Hong Kong,

Astoriaed: Capital (B.X. Ounasty) ...$11,000,309 Pull Up Capital ... 1, 166, 19 Besarts Fundi

BRANCHES

Paalen, Shanghai, Biakov,

Bill Passed

New York, Yesterday. The Senate passed the Bill em- bodying the revised tariff-Reuter's American Service.

JAPAN'S BUDGET Comparisons with Last Year

580,000

Brutow,

The

Tokyo, Yesterday. Finance Department has

TRADE ENQUIRIES Agents and Lines Wanted

directions has been of smaller dimensions than usual. It is satis factory to note that the compilation of trade atatistics is about to be resumed by the Hong Kong Govern. future it will be ment, so that in possible to follow the trend of trade and of competition with something like precision.

The following list is published

The Salaries Commission 1929 by the General Chamber of Com-

The Government of Hong Kong, merco:

by letter dated October 30, 1929, Japan. Messrs. Mizuno & Co. forwarded for the consideration of Yodoya-bash Kitahama, Higashi-the Chamber of Commerce the Re ku, Osaka, desire to get in touch port of the Salaries Commission, with exporters of precious metals 1929, with a request for "any obser“ in Hong Kong.

vations or representations which it London-Messrs. H. H. Le May may be desired to make thereon." & Co., manufacturers of glass, A Special Committee, consisting earthenware, enamelware, etc.. of the Hon. Mr. W. E. L. Shenton, seek an agent in Hong Kong for (Chairman), Mr. M. T. Johnson, the sale of their goods.

and Mr. A. Ritchie (of Messrs. Rangoon-Firms interested in Lowe, Bingham and Matthews, the export of soft goods to Ran- Chartered Accountants), was ap-

Bangkok, New York and Ben Franda prepared the Budget figures, which goon are invited to get in touch pointed to go fully into the subject,

will be considered by the Cabinet

LONDON BANKERS~~~

The Lloyd's Beat Mimised. COLDESPONDENTS

Is all principal oltias' of the World.

Farelen szchange and wakfu avery description textracted.

bastases of

Bus Bayou Botse various Azma) 21 a 2008ľy renied of from 65 10 940.

Chief Manager. Hong Kong, 19th February, 1927.

to-morrow.

Commerce.

TUESDAY, MARCH 25, 1930.

KAIPING COAL

FOR ALL PURPOSES.

HOME

FACTORY

AND

BUNKERS

POWER

HOUSE,

TUGS &

LOCOS

THE KAILAN MINING ADMINISTRATION.

Head Office:-TIENTSIN.

Agents:-DODWELL & CO., LTD., Hong Kong,

CHY

LOONG.

NEW SEASON PRESERVED GINGER.

Best quality-Prompt attention to Exporters.

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

Special Sale!

Gents' Rain Coats

Good Quality, Light weight

$6.50

Children's Rain Coats

from $3.50 upwards.

You can't obtain these prices

from manufacturers.

HONG KONG BARGAIN HOUSE

16, Queen's Road Central.

Next to Industrial & Commercial Bank New Building.

with the Hong Kong Chamber of and their report was later adopted by the General Committee and for- South Africa. Mesars. Cavallerewarded to the Government as its The total is 1,606 million yen, McClure & Co., seek to establish considered views. Mr. Paul Lauder, again been well supported, now including, for the Navy 262 million, relations with importers of waste who was a member of the Commis classes for beginners being com- and Army 210 million, compared and other papers. LOOK POONG SHAN,

sion and is a member of the General menced twice in the course of twelve with last year's total of 1,752 mil.

Greece Megers. Michel d'Ar-Committee of the Chamber of Com-months, and each time in duplicate. lon, Navy 268 million, and Army genta, of Chios St. No 21, Athens merce, dissociated himself from this Income from fees exceeded expendi up business with decision. The thanks of the Cham-ture by $2,888.10, so that a long, It is understood that to-morrow's Hong Kong Ormus interested in the ber are due to the members of the standing deficit has now practically Cabinet meeting will be concerned import of pamice stone.

Speelal Committee for the detailed disappeared. primarily with the Budget figures,

Nanking Firms interested in consideration given to this question. Public Utilities in Siam but a special Cabinet meeting will taking up a Sub-agency for the be held on March 27 probably to distribution of British paints are Reorganised October 20, 1928, under decide Japan's reply to the pro-requested to get in touch with the LONDON: The National Pro- special charter of The National Gov-posed Japan-America naval agree- Hong Kong General Chamber of cussions as to the practicability of Annual Report for 1928) provided

Djibouti Neumes Thanhes Tiestain Fort-Bayard Papeete Haiphong Perlag Torrens Hankow Prom Penh Vinh

Pondicherry Yunnanfa BANKERS:

Habol

IN FRANCE: Compteir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel at Commercial; So siete Generale.

THE BANK OF CHINA.

行銀國中

vincial & Union Bank of England, ernment as an

Ltd: Comptoir National d'Escompte INTERNATIONAL EXCHANGE de Parla; Gredit Lydanzia.

IN NEW YORK: J. P. Morgan &

Co: French American Banking Cor Subscribed Capital ....$25,000,000.00

paration; Guaranty Trust Co. of New Paid-Up Capital

Kork.

Txterest allowed on Current Ac- ts and Fixed Deposits according frangements.

description of Banking and igs Barliens transacted.

"Deposit Boxes to let.

A. LECOT,

?

Manager.

Ing Kong, 1st May, 1929.

THE YOKOHAMA SPECIE RANK,

LIMITED.

Established 1989., Capital (fully paid-up) Yam 100,000,000 Reserve Fund

Ten 111,500,000

Head Offer:--YOKOHAMA,

Branckes and Ageelon at: Alexandria

Batavia

Bombay Buenos Ayza

(Temporarily

Nagoya Newchwang New York

Quaka

Peking

Bingodes

ingehan.

Saigon (Dalny) Sao Franciao Hen (Mukden) Sentilee

Semarang

posiki

.$24,710,200.00

232 million.

ment-Reuter.

BANK

Reserve Funda ........$ 8,820,508.82 |

HEAD OFFICE: SHANGHAI,

FOX FILMS Savage Financial Battle

HONG KONG BRANCH:

4. Queen's Road Central.

New York, Yesterday.

and foreign banking and exchange.

wish to open

Commerce.

to have

COMPANY REPORT

BB fol.

..$180,011.28

per cent. on the paid- up capital

bonus to pay Directors, promotors, founders, and staff 18,367.69

#

75,750.21

$269,129.10

Comparative Chart

Capital Deposits $1,303,298.00-$1,013,877.02

National Commercial & Savings Bank, Ltd.

The gross profit for the year 1929 including $1.392.82 brought forward from 1928 was $613,607.42. A new Siamese law enacted in After deduction all expenses ac- Vehicular Ferries With reference to previous dia: 1928 (referred to on page 14 of the counting to $267,118.43 and provid- ing for depreciation and writing establishing a vehicular ferry ser that, pending the passing of speciai off of various accounts to the London-Messrs. Albert Wein-vice between the Island of Hong laws, no commercial undertaking of amount of $77,564.83 it leaves a net berg, 33, Newman Street, Oxford Kong and Kowloon on the mainland. insurance, banking, savings bank, profit of $269,129.16.

The Board of Directora propose St., London, W.1, seek to appoint (Chamber of Commerce Annual credit foncler or any other under agents for the sale of Balkan Report for 1925, page 62; 1927, page taking of a similar nature should be to deal with the amount Sobranie cigarettes sad tobaccos. 67; 1928, page 88), the Colonial Gove carried on in Slam unless an author-laws:

Mexico. Mesars. Tomas Hine-ernment Issued a statement early injisation had been obtained from the To pay a dividend of 7 josa, Ave. Centenario 52, Tampico, 1930 to the affect that the question Government through the competent Tamps, Mexico, seek to establish had recently received the further Minister. The Act omitted to state connections with importers of consideration of the Government, to whom commercial undertakings To

to apply for such and it had been decided that, while affected were shark fine.

a service authorisation, and on October 1, desirable auch Mr. W. R. Sheehan, the Vice-Pre-

British Colombia-Messrs. T. H. it was Owing to our numerous branches insident of the Fox Film Corporation, Klang, Pendleton, Britlah Calom- should be instituted with a minimum 1929, notification was received from To carry forward China and large connections in the has obtained an order of Court re- important commercial centres of the quiring Mr. William Fox to show bia, desire to establish connections of delay, it would be in the best the Government that the following

of Canadian Interests of the Colony that respon- Militaries in Siam were world, we are able to extend to our

sibility for the consruction and charge of the execution of the Act clients special facilities for domestic cause why he should not be prevented with Importers

from putting into effect the re-financing apples.

Belgium Messrs. Edgard maintenance of the plars, should be in regard to the various commercial Year We also handle the fasue of Bonds plan recently drawn up. and other Public Funds of the Chin Mr. Sheehan has hitherto been re- Lechien & Co., Charleroy, Belgium, retained by the Government, and undertakings:-Ministry of the In- 1922 ese Government both at home and garded as one of Mr. Fox's intimates, wish to appoint an agent in Hong that the questions of building the terior (Tramways and Water Sup- 1923 necessary beats out of Government ply); Ministry of Finance (Bank- 1924 hence his action is regarded as the Kong for the sale of textiles. abroad.

first break in Mr. Fox's own camp, in Perth-The Java Traders, Ltd., funds and of the most satisfactory ing, Savings and Credit Foncier); | 1925 Manager. the savage. financial battle for control 9, Surrey Chambers, St. George's method of running them, if so bullt, Ministry of Lands and Agriculture 1926 The (Irrigation); Ministry of Commerco 1927 of the G$300,000,000 Fox Film enter Terrace, Perth, ask for samples should be further explored. prisca-Reuter's American Service.

LA New York Message of March and prices ci.f. Freemantle, for methods of financing the construc and Communications 6 stated that it was announced that No. 1 quality hand-made seagrass, tion of the plers and boats, out of Construction of Canals, the ballot of shareholders of the Fox Japan. The Saji Trading Co., public funds were engaging the Navigation, Electric Power Stations Film Corporation had resulted in a No. 161, Motomachi 2-Chome, immediate attention of the Govern- and Insurance). The above notifica-Year tion from the Government was 1922 vote of approval of a £12,000,000 re. Kobe, seek to establish connections ment.

accompanied by a copy of conditions, Finances of the Chamber financing plan advocated by Mr. with exporters of fancy goods and William Fox and the Bancs Americs Importers of aundries from Japan.

Income from subscriptions, at to be complied with by an applicant 1924 Blair Corporation banking, grout.I

1925 West Indies.Messrs. Ahamad $33,460, was slightly higher than in for authorisation to carry on busi Khan, 14, Prince Alfred Street, the previous year, the number of ness of insurance in Slam. These 1026 San Fernando, Trinidad, B.W.L., accessions to membership exceeding conditions are concerned with the 1927 seek to estidilsh connections with the withdrawals. The net income to keeping of accounts and filing of 1928 exporters of silk goods, curios, the Chamber from arbitration and particulars with the Registrar, and 1929

survey fees was $8,874, as compared stipulate that the minimum capital te

Manila Messrs. R. E Whit with $6,430 last year. The total of such undertakings shall be combe, F.0.Box 980, Manila, de income on general account amounted 200,000 Baht pald up (the word sire to get in touch with Hong to B45,076.02, the surplus of income "Baht" being the Siamese expres

At the Crown Land Offles yester- ong hd, who would export wild over expenditure being $4,321.78. aon for "Tical") and that a deposit day. Now Kowloon Inland Lot No. A non-recurring item of expend of 100,000 Baht shall be made with 1.328, adjoining New Kowloon In- ture was that of $2,890.43 for Incor the Slamsee Government or with a land Lot No. 1243, Apliu Street, was poration expenses. Other Items on Siamese Legation. In the course of old to Mr. Kong Kam of 67 Apliu the expenditure side of the account a despatch by H.M. Charge: Street, for the upset price of are normal and call for no special d'Affairs, Bangkok, copy of which $12,556. The plot has an ared of tocament. ⠀⠀ The General Reserve was forwarded with the Govern 8,370. square feet, fre Account now stands at $78,074.80 ment's letter, the opinion was ex-

SHOU J. CHEN,

Hong Kong, 6th March, 1930.

THE INDUSTRIAL & COMMERCIAL BANK, LIMITED,

HEAD OFFICE: 12-14, Queen's Hload, Central, Hour Hont

BRANCHES:

Shanghel. Hankow, Canton, WowKangmoon.

CORRESPONDENTS

In all principal cities of the world. Every description of Banking and Exchange business transacted. Wel offer prompt and personal service

"TIENMU E LING Burga General Manager,

TANG YUK, DENTIST

"the kata"BIEN (TING," 14, L'Arular Strost:

TERMS VERY MODERATH

MAY DAY

Demands of American Unionists

New York, Testerday. Representatives of several largs, trade unions have associated themselver ||with the Socialist Party in isoler a call for à demonstrations on May Day tò: demand a-six-hoot day, the adopt

::nnenploymen

2,000,000.00 2,694,444.78 2,410,140.00 3,017,560.69 2,522,280.00 8,114,626.90 2,571,050.00 5,958,598.77

(Radways, 1923

Aerial 1929

2,571,550.00 6,718,275.50 2,571,550.00 8,085,264.40 2,571,600.00 8,916,991.28

Total

1923

Resources

Profit .$2,867,401.05 $116,090.79 148,812.76 5,384,798.40 6,077,272.59 280,239.28- 6,768,992.00 $189,989.71

as compared with $7001403 at the pressed that the new conditions

end of 1928.

10,697,809.35.255,158.37

.11,517,680,94 269,727.76 .13,825,859.74 .18,385,428.41

LAND SALE!

181,401.82 269,129.16

represented real effort to prevent ansound concerns and to safeguard The Chinese Language School has the establishment of bogus or Frenúfne, enterprises,