1930-04-04 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Katharinet Onpliat

50,000,000

Issued and Filly Paid-up - 30,000,00

Boterys Funda

Howling

6,500,000 7,130,000

Bosorva Klability of Proquistors 1 $90,000,000

KEAD OFFICH, HONG KONG

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1855. HEAD OFFICE: LONDON. Paid-up Capital ...............................£3,000,000 Reserve Fund ...................................$4,000,000 Reserve Llability of Proprie

.....£3,000,000

Agencies and Branches:

tors

ALOR STAB

BOARD OF DIRECTORS (-

*(Malay Slab)

1. à. Flamesse, Rag, Chairma

3

ABBITSAB

BANOROK

0.0.1.31ackle, Eat.

Dapaly Chairman.

W. H. Dell, Kaz.

A. H. Compton, Kuş,

D. Lauder Lewis, Mej.

G. MISKIA, KA

xox

KANGZOK

BATAVIA

BOMBAY

BALAUTTA

CANTON

SPOG DOLOMBO DAN

FOOCHOT

ORCHIVE

RAKBUST

KANTOW MARRIN

HONGLEW

INGIZA

ДРОП

JOBAL

KOER

KOWLOOX

J. J. Patron, Ruq.

2. 3. Pearce, Bag,

T. 11. B. 4haw, Maq.

J. F. War. Bag.

Acting Chlet dianager, V. M. Graybars, Kuş,

BRANCHE::

KUALA LUMPUR

LONDON

LTDXS

MALJODA

MANGA

MUAR (Johor)

MUNDEN BAQABAKI

NEW YORK

FEIPINO

PENANO BANGOON

SAIGON

BAN FRANCISOG

SHANGWAI

SIXOLPORR

JOUBABATA

LUNGEI PATANI TIENTSIN

TOKYO

TSINGTAO

YOKOHAMA

Or one opened in Local Curtenay and and Deporite resetead for one year of theme periods in Losal Ouracy and Blog un tenth which will be quoted in application. Hong Kong, 1st April, 1950.

HONG KONG HAVINGS BANK.

The Buniame of the above Bank is conduct

sẽ by the BONG BG AND BHAFONAI FAXLINO CORPORATION. Bules may be

sömined on appllossion.

YOR THE LONG KONG BUJANGILAS BANKING CORPORATION.

V. M. URAYDEEN,

Acting Ublet Mounger.

Hong Kong. 17th Marela, 19O.

NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.

(UNTHERLANDS TRADING BOOLETX)

BANKERA.

Established 1954.

Home Kong Offs:-11 Quaez's Bood Chatral,

Aplikacioni Capital -

Pull-Dy Depliat

Basero Fand

Dulldars 150,000,000- (213,500,000.)

Galikar,000,000- Calldars 40,000,000

Hand -{AMSTERDAM"). «

Hutten Im One:—BATAVIA, BRANCHES 1-Band/ormasin Bandong) Bombay,

|

BATAVIA

DOMBAY GALOUTTA

ANTON

DAWNFORM

ORAT

COLOMBO

DAIDEN (Delay

Bouth Mansharia)

DELHI

HALPITONG

HAMBUNG

HANKOW

HARBIN

(N. KanokurisĮ

KONO IONG

ILOILO

IPOLI

KARACHI

KLAND

KOBR

KUALA KANGSLA

Park (7,36.8)

THE CHINA MAIL.

KUALA LUMPUR

LUCHING

MADRAS

LUXURY: IMPORTS.

MEDAN

MAKIGA

NEW YORK

PESHAWAR

TEXING

PENANG

BAKOOOM

BALOON

NEHEMBAN

BEMARANG

BILANGHAI

BINGAPORE BOURABAYA TAIPINO

YAYO

TIENTSIK

TONTO

TONGRAD [Dankwo,

TSINGTAO

YOXONTAVA

FAMBOANGA

Foreign Exchange

Lala محاور التال)

COMMERCE

AND

FINANCE

SUPER TAX.

FRIDAY, APRIL 4, 1930.

SIR C. CLEMENTI AND! THE PRESS.

ILLUSTRATED I

́SINGAPORE NEWSPAPERS'

POSITION..

A DIFFICULT POSITION,

The following leading article appeared in the Straits Times of March 25:-

Australia's Emergency. Not to Apply to Goods By his remarks in reply to the

Treasure.

Canberra, Yesterday. The Prime Minister, Mr. Scullio, announces drastic measures to curtail luxury Imports, some of which will be prohibited and others rationed.

Lat

A fifty per cent. super tax will be imposed on others, including

in Bond or Transit.

Hon'ble Mr. Lim Cheng-ean at yesterday's meeting of the Legisla-| Canberra, Yesterday. tive Council His Excellency the The Prime Minister, Mr. J. Governor has placed the English Scullin, said that the super-tax newspapers of Singapore in an en- would not apply to goods in bond tirely fales and extremely difficult or in transit.-Reuter,

position. It will be necessary in the course of this article to refer repeatedly to our Singapore con temporaries, but we wish it to be understood quite clearly that we ars stating a caso from our own

beer, spirits, matches, textile piece NUTS MAKE MONEY. goods, felt, furs, and clothing con-

General and

Banking business transacted.

Current Accounts opened and Fix-taining cotton, silk, artificial silk From Hut to Factory in

ed Depoalts received for 1 year or or an admixture of wool and other shorter periods at rates which will abres.

be quoted on application.

A. EL FERGUSON,

Manager. Hong Kong, 8th January, 1929,

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

Authorised

Jeruod

Paid-up

CAPITAL.

Reservo Liabilitica of

Shareholders

Burplus.

$20,000,000 8,000,000 4,000,000

TAN ENG HOOL

Manager, Hong Kong, 15th May, 1929.

Mr. Scullin described his action as an "emergency measure" to re- duce imports by £10,000,000 nually-Reuter.

DUTCH CONTRACT

Four Years,

point of view only. Other news.

papers may make editorial re- ference to the matter, but our pre- sent action is entirely independent, A handful of monkey-nuts, the taken with considerable reluctance, an-chief food of negroes in slave-hold-ja due sense of the delicacy of the

ing days, has made Tom Huston, of situation and in the firm convic the town of Columbus, Georgia, ation that the Governor's action was millionaire in four years.

not meant to embarrass us in the Mr. Huston, starting with a way that it has done. Several pocketful of peanute and a small readers have expressed surprise at wooden hut as factory in 1925, now the absence from these columns of sells £500,000 worth of monkey nuts any comment upon His Excellency's and nut confections a year. The pronouncement regarding the sc wooden but has given way to two tivities of the Kuomintang in of the largest peanut confection Malaya. Mr. Lim Cheng-ean drew factories in the South.

the attention of the Legislative Council to the omission in these terms:-"I understand, Sir, that pressure was brought to bear upon &ments in regard to the Govern the Prese not to make any com-

Alleged Example of Chinese Bad Faith

wher

Engineers who are interested in 4,000,000 the report both from Amsterdam 2219000 and Nanking, that an agreement HEAD OFFICES: SINGAPORE.

The whole thing started because Branches, Agencies and Correspon has been completed between a Mr. Huston became angry dents in the principal cities of the Netherlands syndicate and

the peanut-shelling tasks left his fingers world.

Manchurian Government for

an blistered and raw. He invented Every description of Banking and advance of £1,200,000 for Exchange business transnetëd.

the development of the Chinese port of Hulutao (on the Galf of Pechib, north of Chinwangtao), will recognise in it yet another example of Chinese bad faith, says Eastern Engineering, It is said that the contract has been negotiated by Mr. Robert Devos, who completed the Lunghai Rall way agreement, and that the syn- dicate's expenditures are repay- able

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO)

HEAD OFFICE:-Talpeh, Formosa, Incorporated by Special Imperial

Charter, 1899.

Central Baskin | Danly Morse forand Arsene, amonak mnFan, 18,300.00 BRANCHES AND AGENCIES JAPAN:-Tokra,. Yakobaina, Erba, Cel JORMOSA --rata

Kamaso Kolms Wakong, Mesto, Book Thi Takas," "Tamasi, Tom, Halse, Tulio, OMENA =Bhanghely, Boskow, Amoy

Barstow, Canion OTHERS-HAR

Bemarane

Balers Bombay, London, New York Daire.

LONDON BANKARS;

Calexico,

Calon Cheribon, Djember, Djok Jakarta') The Magos'), Jeddah, Kobe, Kota Radja, Makassar, Medan, Padanj Falembang Pekalongan, Penang, Fonilaank, Bangoon, citerdam The London County Wasimies and Paar's Bank, Болалар

Kholgs (Summer) Blappers, Fownbad,

at the rate of $10,000 monthly "from the surplus earnings of the Peking-Mukden

ment's pronouncement on the ques-) tion of the Kuomintang.... It is

Interference with the Press there may have been an expression of opinion which would have been: very interesting. I hope to have: your assurance, Sir, that I am wrong and the rumour I have heard? is false." His Excellency replied:|

There has been no interference with the freedom of the English Press in Malaya." That reply Is strictly accurate, There was no interference. It is quite obvious that His Excellency would not go so far as to forbid comment on a matter of public importance, but a request from high places, while theoretically leaving the news. paper entire freedom of action, is very difficult to ignore. We subinit that Sir Cecil Clement's insistence upon the fact that there had been no interference with the freedom of the Press, coupled with his failure to answer Mr. Lim Cheng- ean'a reference to pressure being brought to bear conveys an entire Alfred Sawyer, 98-year-old patriarch, ly wrong impression of the actual town of East Jaffrey, position and does an injustice to competition with Dairen, the entry a believed to have been the oldest bank the editora of the newspapers con port of the South Manchurian President In the world at the time of carned. In self-defence we

Oldest Bank President pasible that if there had been no

ailway." Complications will no doubt arise in the latter connec Talamation, for the British and Chinese -

Corporation have a first claim on Borabaya, the railway revenues, and these, It is well-known, are in arrears.

The treaty rights of Japan are stimulate a further diversion of also involved, as the port would

business down the Chinese rail- ways, which run illegally parallel with the South Manchuriau lino. Hulutao la potentially hgreat port, with Important natural ad- vantages. Its development into a

The Bank har Com nadenke has all the Sekera (Boic) Tagal Tisasjap dipal Commercial Centred throughout the work)," and Wailerredes

♫ Thana silan have min dapati bosse de 18.

Ligion Bankas (—National Tearinois Bank L.

Gorespondania all over the world

Banking busisnon of every desnĺption trusseind,

9. M. LIBERO

BANQUE DE L'INDO - CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paris.

Subscribed Capital Fra. 72,000,000.00

Paid-up Capital

Reserve Funds

Bangkok

$8,400,000.00 102,000,000.00

BRANCHES:

Hong Kong Quinhen

Saigon Shanghai Maagize

Battambang Hus Cathe

Canton Nam-Diah Singapore Djibouti Neumes Thanhoa Fort-Bayard

Haiphong

Tientsin Tourane

Hankow Phom Penh Vinh

Hanoi

Pondicherry Yunnanfa BANKERS:

IN FRANCE: Comploir National d'Escompte de Paris; Credit Lyonnais;

Banque de Paris et des Pays-Bas;

Credit Industriel et Commercial; Bo

clete - Generale.

IN LONDON: The National Pro-

NAGURA

Kasaeg

HONG KONG BRANCH,

Ina Vores Bond Central Hong Kong, 1994 Japanky, 183,

THE BANK OF CANTON, LTD. deep-water and ice-free harbour

Established 1912.

Head Office:-Hong Kong.

Ashored Caplial (H.K, Chiraway) ...$11,000,000 Paid Up Capital

Bares Fund NDIO MONTIENT IN

is intended to facilitate Chinese of

Railway, which belongs to Japan. The Peking-Mukden Railway con- Canto BhasHaskow. Below, nocts with Hulutao by a spur Has.

TRAIN CLERIES --

Bangkok, New York and San Francesc,

LONDON BANKERS (J.

The Boyle Bisa Lindiad,

CORÁKAFOND AMTA

In all principal illas of the World.

Foreign - auchanan sad baikha basizam of sney Ameripilon teseserted.

Béla Depoda Bazsa (purious danc) si a goats rental of Fronts 35 to $40.

LOOK PUONG SEAN,

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

THE BANK OF CHINA. 行銀國中

MINT'S CONTRACT.

Big Order for Greek Coins

the

hia resignation" from that office January 8.

on

peanut-shelling device operated with a hand crank and resembling an old-fashioned Icecream freezer.

He then came to olumbus and arranged with a manufacturer to make power machines.. ́ ́"

Informality.

are

compelled to disclose the facts, which are these:--

At Government House." On February 11, shortly after His Excellency's arrival in Singa pore, the editors of the three British newspapers were invitađ to Government House to diacusa proposal that regular weekly or fortnightly conferences should be A contract with the Greek Gov- The shelling-machine business, for questions regarding the polley arranged to provide an opportunity ernment has been signed in Athens however, waned as the field became of the Government and the die under which the Royal Mint has saturated. Mr. Huston again turn closure of information for gut undertaken to supply 19,000,000ed to peanuts, bought a pocketful, ance when complete publication silver coms and 25,000,000 coins in and roasted them himself in a small might be considered contrary to the pure nickel this year, together with wooden hut

public Interest. The idea was not! Beorganized October 28, 1928, under any further supplies of the same

Then he roasted more, and began taken up with enthusiasm and selling them to retallers with the sa a compromise it was arranged the next four years.....

help of one salesman, whose major that special meetings should be The 20-drachma plece, silver, will activity was peddling paint.

called in cases of emergency. His show the head of Poseidon on the The business grew, and Mr. Hus-Excellency also promised to receive ...$25,000,000.00 obverse, with a trireme on the ten built a larger factory. It was the editors whenever possible if ...$24,710,200.00 reverse, the 10-drachma piece, silver, burned down, and he started over they sought an interview. Three $8,820,503.82 the head of Dometer on the obverse, again. The business was so large weeks later the editors of the three with an ear of corn on the reverse. by 1927 that he constructed one of newspapers were summoned by. The 5-drachma plece, nickel, is based the largest peanus factories in the telephone by the Aide-de-Camp to on the designs for the coins struck South, and has now added another Hia Excellency to a conference, fr for Capodistrias in 1880, the obverse plant

vincial & Union Bank of England, special charter of The National Govcolns which may be required within Ltd.; Comptoir National d'Escompte crnment as an

de Paris; Credit Lyonnais.

IN NEW YORK: J. P. Morgan & Co; French American Banking Cor poration; Guaranty Trust 08. of New York.

Interest allowed on Current Ac counts and Fixed Deposits according to arrangements.

Every description of Banking, and Exchange Business transacted. Safe Deposit Boxes to let

A LECOT

Mazar.

Hong Kong, 1st May, 1929.

INTERNATIONAL EXCHANGE

BANK M Subscribed Capital Fald-Up Capital Reserve Funds

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH; 4,"Queen's Road Central. -

of which shows a phoenix emerging from the fire.:

Owing to our numerous branches in The alloy chosen for the aliver Chins and large connections in the Important commercial contres of the coins is the same as that adopted for THE YOKOHAMA SPECIE BANK world, we are able to extend to our Great Britain since 1928.

LIMITED

Established 1880,

cilents special facilities for domestic

and foreign banking and exchange. ✨

We also handle the issue of Bonds

and other Public Funds of the Chin→LAND BOOM IN SHANGHAI ese Government both at home and

Capital (fully paid-up). Yen 100,000,000 abroad. Reserve Fund

Yen 111,500,000 -Road Offens—YOKOHAMA

SHOU J, CHEEN, Z Manager.

Hong Kong, 5th March, 1980.

Shanghai, Yesterday

The considerable activity in the real estate market in Shanghai re- cently, is further evidenced by the | latest sale, of the premises of the

THE BANK OF EAST ASIA LTD. Chinese-American Bank of Com-

HEAD OFFICE HONG KONG. 107 DeVoeux Road Centrál, Vág Kong,

merce (in liquidation); at. No.: 29, Nanking Road, to the Asia Realty Company, for Tls, 600,000, 2

The building may

house the American-0 and Raven'sTrust,

THE INDUS

ILLUSTRATED !!

ILLUSTRATED !!!

SPECIAL COLOURED SUPPLEMENT with PICTURES of all local events is given free in the

NEW

OVERLAND

CHINA

MAIL

A WEEK'S PAPERS IN ONE.

LOCAL NEWS, CHINESE NEWS, and all the NEWS. The Weekly paper that saves you the trouble of writing Home.

Allegations as to the disposition of funds, arising from the King Edward Hotel fire of 1929, were made at the examination in bankruptcy of two of the partners in the Hotel. The OVERLAND CHINA MAIL gives a complete ro- part of the proceedings, together with communications afterward received from the solicitors in the matter.

Obvious flaws in the Building Ordinances, by, which the Building Authority may only "recommend" that up-to-date construction be specified by architects, whilst having no power to veto what are known as the Colony's “death traps" (wooden staircases), are exposed in the OVERLAND CHINA - MAIL report upon the enquiry on the victima of the fatal fire at 12, Smithfield.

The personnel of a Government Committee appointed to enquire into the fall in the local currency, and the whole silver question, is also given in the current issue of the OVERLAND CHINA MAIL.

The interesting prospect of a new industry-that of the building of marine motors being established in Hong Kong, is alluded to in the Chairman's speech at the annual meeting of the Hong Kong and Whampoa Dock Company. meeting of considerable local interest, that of Messrs. A. 8. Another Watson and Co., is also fully reported in the OVERLAND CHINA MAIL.

The arrival of the Argyll and Sutherland. Highlanders, who take the place of the K.O.S.B. in the Colony's garrison, is also chronicled in the OVERLAND CHINA MAIL

Sport and athletics are dealt with by the OVERLAND.

· CHINA MAIUS staff of experts, special reports of the "big" matches in the Hong Kong Cricket Club tennis tournament being an additional welcome feature. --

The situation in China, both North and South, is fully. dealt with in the OVERLAND CHINA MAIL, which aims to place the whole facts of the situation; from every angle, before the reading public.

There is no phase of the life of the Colony or of China. that does not receive attention in the OVERLAND CHINA MAIL- the weekly paper that YOU MUST ORDER NOW.

'Letters to relatives and friends in lia, and Canada festify to the keen other parts of the world frequently pleasure and interest its weekly fail to be written even by the most arrival brings, ardent correspondenta.. It is a

For your folks at Home to re- kindly thought, therefore, to ensure this weekly budget, or to keep that those away from the Colony, yours posted with agairs during or folks at Home, should have an do is to drop a note to the "Over" your absence, all that you have to unfailing supply of Hong Kong land China Mail.”****

and Chinese news every work by The word "Overland” ia a re- means of a subscription to theminder of the experienov behind the

Overland China Mail” Without any trouble of packing ed since the early days of the production, it having been publishi

and worrying about the Post Office Colony, to be sent OVERLAND on your part, and at the cost only because there was no Suer Canal, of $3.75 for three months, the and that was the quickest · route "Overland China Mail" will be by which to get mall Home In sent Home for you, every week, the march of time the "Overland catching the mall regularly. It Chinja Mail" has become the only contains just the news, features weekly news budget which has a and pictures from the daily "China coloured pictorial supplement with

·Mail" that make a studied appeal local photographs. It is made fust to people with any interest to suit requirements, as it has done whatsoever in Hong Kong, and all along. What more could be many letters from Home, Austra} desired?

READY NOW.

Mail via Sucz closes at 9.30 a.m., April 5. and via Siberia at 2.30 p.m., April 4. SINGLE COPY

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No. JA, WYNDHAM STREET-PHONE C

THE OVERLAND CHINA MAIL.”

ed for three o'clock that afternoon, Many of the machines in use are to discuss the recently issued Kuo bis own inventions, and he has also mintang order. The editor of the devised packages new to the peanut Singapore Free Press and a repre trade.

sentative of the Malaya Tribune at Mr. Huston, still under forty, is a tended and the editor of the bellever. In informality. Insisting Straits Times was represented by that all, his employees call him by Mr. G. L. Peat. Mr. Peet is al his first name, and his office is present in Kuala Lumpur but he unguarded by either office boy or was telegraphed to yesterday and secretary.

asked to give his recollections of what took place at that meeting. We have also been in communica tion with others who were present "for the present" and those in at--jed to address His Excellency on and satiated ourselves that their tendance pledged themselves to his return to Singapore and seek impressions of the occasion are observe His Excellency's wishes his permission to withdraw the substantially the same as those There was much to be said in undertaking given at the meeting held by Mr. Peet which form the favour of the decision at that stage, carly in March. That step has not Am ill-timed article mig have been taken and we consider the

GERMAN DELEGATION --

Unde

the guidance

news and

basis of what follows..

notes were taken:

ible to not anything

aroused passion at

of Buppression wou

It appeared likely

part acceptance, and

best inter

policy

is obviated by what the Council Chamber

ing

thing

Prior to that

remotely re

article would have of confidence.,

the statement tha

iterferent

of the Eng