1930-04-12 — Page 2

2.

HONG KONG AND SHANGHAI BANKING CORPORATION.

Maskorbind Capital amine $88,008,34 Joved and Fully Paid-up: $20,000,00E

...,$60,000

Kamera Liability of Proprietors. $30,000,000

HEAD OFFICE, HONG KONG

BOARD OF DIRECTO BA—

J. A. Plummer, Esq.

Chairman,

C. Q. 8. Macklo, Esq.

Deputy Chairman,

W. H. Rall, Kat.

A. II. Comptos, Ev

B. Landor Levein, Kong.

↑ Miskin, Em

*NOT

SANGTOK

BATAVIA

BOMBAY

CALCUTTA

CANTON

MAXFOO

BOLOMBO

DAIZEN

FOODTO

MALPHONG

HAMAURO

KANKOW

BABBIN

HONGIRW

ILOILO

Frox

JOBUR

다까

KOWLOON

Arting

J.J, Paterson, Maj,

T. Z. Fouros, Era.

7. 11. 1. Nhaw, Mag-

J. P. Warren, Res.

zef Manager.

Y. M. Carayları, Eng.

―

BEANCHES-

KUALA LUMPUR

LONDON

LTONG

MANILA

MWARE (ohu)

MUSDEN

NAGAYAMI

NEW YORK

TEIPINO

PENANO

RANGOON

SAIDON

BAN PRANOT900

SHANGHAI

SINGAPORE

GOURABAYA

BUNDEL PATANY

TIENTSID

TOKYO

THINDIAO

YOKOHAMA

Barrens Acounts opened in Loval CurrenOS Fixed Deposite resolved for one year of

abarter parlada En Local Currency sad

on torina which will be quoted on apposi

Hong Kong, FL April, 1999,

HONG KONG SAVINGS BANK.

The Bunions of the show Dank is noodit

p by the HONG K✨MG AND SUANGHAI

NING CORPORATION. Buine way i sálalsed on application.

FOR THE HONG KONG I SHANGHAI BANKING CORPORATION,

V. MOBAYBURN,

Artleg Clict Manager.

Hong Kon, 17th March, 1500,

NEDERLANDSCHE HANDEL -

ATSCHAPPIJ, N.V.

(NETHNGLANDS TRADING SOCIETY) BAKKERS.

Zatebilehed 1894. Kino Glow :—10 Qused's Bood Certzal Akikorial Cagl ... Gadid

Wald-Up Capital

163,000,000 [213,500,000) Quilar 80,000,000-

126,060,007.) Older 40,000,000

Head Off-(AMB)ELDAM"). Extra Head Ofo:—BATAVIA. KOMR-Bandformin Bandosos"). Bomiey.

Calcutta, Chadbon, Djember, Djok (Maria) The Flagte), Jeddah, Koba, || kol-ladja, Makamar, Medan, Paling

THE CHARTERED - BANK OF INDIA, AUSTRALIA & CHINA,

Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON. Fald-up Capital Reserve Fund

Reserva Liability of Proprio-

tori

..£3,000,000

..44,000,000

.£3,000,000

Agencies and Branches:

ALOH STAK

Malay Slates

BUCHINO

AMRITSAR

MADRAS

BANGKOK BATAVIA BOMBAY CALOUTTA

CANTON

DAWNPORE CEBU

DOLUMBO DAIZEN (Delay

Bout Alenchuria)

DELAI

HAIPHONU

HAMBURO

LEATISIN

JINKOW

(N. Manchuria)

HÙNG XONG

VIGILO

IPON

SARACHU

KLAND

XonX

KUALA LUMPUR

MANILA

HEDAN

NEW YORK

SIZKING PENANG PESHAWAR KANGOON BAION

SEMARANG

BEREMBAN FHANGHAI

BINGAPORE HOURABAYA TAIPING

P.M.B.)

TAVOY TIENTBIN TOKYO

TONGHAN (Bhukwe, IBINGTAO YOKOHAMA ZAMBOANDA

(Philippine Islands)

KUALA KANOPAU Porak (..) Foreign Exchange and General Banking business transacted.

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

A. H. FERGUSON,

Manager. Hong Kong, 8th January, 1929.

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

CAPITAL

Paid-up

Authorised forned

Reserve Liabilities

Shareholders Surplus

THE CHINA

COMMERCE

AND

FINANCE

MAIL.

|DEMAND FOR LOWER ment of war indemnities. have far-

TARIFFS.

NEED TO INCREASE WORLD'S. REAL INCOME.

EXTRAVAGANT. HABITS,

The

a outcome of luncheon given at the Cannon Street Hotel to a number of important busi- ness men in the City of London, at the invitation of Sir Hugh Bell and the committee of the National Association of Merchants Manufacturers, was the unanim- ous approval of the following ro- solution, moved by Sir Hugh Bell. who presided, and seconded by Lord Aberconway:—

and

situation, and as a result of all these dis- asters, credit, both national and International, has had to be creat ed upon an unparalleled scale.

ther complicated the

28 1

What Is of immediate and preas- ing moment is to increase and im- prove the real Income' of the world with all possible rapidity. The mere transfer of pieces of represent paper purporting to wealth of various sorts does not incease either the wealth or the income of the community whole.. Such operations as were taking place in New York a few

tend ngo diminish the wealth of the com- munity, though they may increase that of individuals, They, aud all similar movements, such as Rome we have recently Ben in Britain, have certainly the effect of seriously interfering with the. orderly transaction of real wealth- making business.

months

rather to

"That the present situation at

Unemployed Relief Drain. home and abroad calls for the

Of much the same nature is ex-) serious attention of all portons penditure incurred without re- $20,000,000 interested in the well-being both turn.

the most Among these 8,000,000 of Great Britain and of the world

serious draft on the income of 4,000,000 at large.

To meet the situation the world is that incurred in pro- the freest Interchange of commo-viding relief for the unemployed. 4,000,000

This constitutes a heavy tax upon 2218,000 dities and of services must be en-

couraged, and this can best be the community, having the double effected by the lowering of tariffs disadvantage of withdrawing large throughout the world,"

sums from investment in profit- The Chairman anid: Our Asso- | able enterprises, which (were they clation was formed in 1920. Wenvailable) would provide employ- think we may justly claim to have ment for men whom we now pay performed very useful functions for doing nothing. So we pay to in the avontiul period of our keep people in idleness, who, if existence. It is not necessary to they were employed, would be rehearse these. The pamphlet providing work for others. Any THE BANK OF TAIWAN, LTD. titled "The Opposite Direction," thing which can be done to im

HEAD OFFICES: SINGAPORE.

Branches, Agencies and Correspan 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.

(TAIWAN GINKO),

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

Charter, 1899.

Cena Bank in Yermos BRANCHES AND AGENCIES JAPAN-Tokyo. Yokohama Mobe, Owaka, TORNORA 1-kisat, Kartı Karaköy

Beak-Not fuel Average smount Ten, $1,000,000

Makong, Hauto, Balochika, Taisho, Teine Takao, Tamu, Then, Heia, Taka CHINA 1-6ban; bai, Biankow. Amey, Prochor,

Swatow, Canions.

Palembang, Pekalongan, OTHERS- Koog Blogs Bosbaya,

Futian, Hangoan, Botterdam) Bemarang), Shanghat, Bikelga (Female). Alors For Beerakarta (Solo), Teral, Things and Wallereden."}

5. Thass offload into ante doposia bercan de k Led Bakers-Halimal Frosinolal Dank 142

Burrpondente ad over the world

Baking bustom of every

descripilen transscled.

P. K. ELBERG

Mater.

Hong Kong, Tith May, 1953.

BANQUE DE L'INDO - CHINE.

HEAD OFFICE:

96, Boulevard Hagman, Parl.

Berang. VAATS London, New York.

Bombar Calratio

The London County Wical and Faer's Bank,

4

The Bank bui Commodesty the alpad Commercial Centras throughed the world.

L. NIGURA,”

Manag

.

1

Subscribed Capital Fra. 72,000,000.00 Pald-Up Capital ...Fra, 88,400,000.00 Reserve Funds ....Frs.102,000,000.00

BRANCHES:

Bangkok Hong Kong Quinhon Battambang Ние

Salgon Panthe

Mengtze Shanghai Canton Nam Dinh Sonzaga Djibouti Neumes Thanhen Fort-Bayard Papeeta Tientsin Halphong Peking Touraue Hankow Phom-Panh Vinh

Pondicherry Yuna afy BANKERS:

Hanci

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas;

Credit Industriel at Commercial; So- alete Generale.

IN LONDON: Тав National Pro- vincial & Union Bank of England,

HONG KONG DRANOH

De Vox Food Central, Hong Kong 19th January, 1999.

THE BANK OF CANTON, LTD.

Established 1912.

Head Ofee:-Hong Kong.

Aumorined Calle! (31,K. Current7) .....811,100,008 Paid Up Capital 1964,900 Bars Fund 1,000,000

BRANCHES 1-

Canton, Shengkal. Harlow, Buskie, Bangkok, New York nad Ban Frasolio

LONDON BANKERS...

The Lloyd's Bank Limiled. CORRESPONDENTS

In all principal cisles of the World. Foreign change and banking bad team #vet decaltion tracked.

Bas Depouls Rozas (various Ass) at a yearly rease of trem $0 $0 $4.

LOẠI PHONG THAN

Chief Manager.

Hong Kong, 8th April, 1930,

THE BANK OF CHINA. 行銀國中

Reorganised October 26, 1928, under

Ltd: Comptoir National d'Escompte special charter of The National Gov-

de Parl Credit Lyonnais.

IN NEW YORK: J. P. Morgan & Co., French American Banking Car poration; Guaranty Trust Co. of New

ernment as an

INTERNATIONAL EXCHANGE

BANK

-

which we published in 1928, and of which a second edition Was circulated in March, 1929, had a most influential circulation in all parts of the world, and the mani- festo of the bankers and indus- trlaliste urging the removal of restrictions upon European trade was in great measure attributable to our activities.

Hardest Problems Unsolved.

prove the total production and in- come of the world tends to the removal of this serious defect. It is true that sometime a remedy may appear to exacerbate the dis- ease. There are not wanting in- stances of the kind in Britain where Improvements in method have involved

some temporary

loss of employment. On the other hand, steps which in the long run will convert the recipient of help from the national income into a contributor to that income is, a direct means of Improving the financial situation of the coun try in question and also of the No stone. therefore, world. should be left unturned to accom- plish these general objects.

1

SATURDAY, APRIL 12, 1930,

THE GREATEST EVENT EVER HELD IN HONG KONG.

THE OUTSTANDING SPRING FASHIONS

AT THE

WING

WILL BE DISPLAYED BY

FOREIGN AND CHINESE

SOCIETY GIRLS

al a

DAZZLING

FASHION

PARADE

ON CO., LTD.

DES VOEUX ROAD C.

from

Saturday, 12th April.

Friday,

GRAND EXHIBITION OF SILKS, ART. SILKS, VOILES & FANCY DRESS MATERIALS, SUITABLE FOR FOREIGN AND CHINESE DRESSES.

This Unique Display of Spring Fashions will be held Daily during the above period at the following

times:

Saturday, 12th, from 7 p.m. to 8 p.m. Sunday to Friday, from 3 p.m. to 4 p.m. and 7 p.m. to 8 p.m.

INSPECTION IS CORDIALLY INVITED.

LOCAL SHARES

Benjamin and Potts' Weekly Report

Thero has been rather less ac-

to

an easier

to

18th April

Sole Agents:

3-IN-ONE OIL

Is

an oil compound, light, pene.

three primary functions. Firal-Oils every light mechanism.

Second-Cleans and polishes all ver-

rished and veneered surfaces. Third-Prevents rust and tarnish in any weather, in any climate, no matter how damp.

WRITE FOR A FREE SAMPLE

But it is not backwards wo in vite you to look. It is true that we have accomplished a great doni; but, we cannot but be con- scious that the most difficult pro- blems left behind by the War still remain unsolved, and that in some respects the outlook of to- day is not as favourable As it We believe that the removal of was when we last met:

obstacles to free commercial in- The association has sought to torcourse would in a very direct impress on the world that the way have the desired effect of well-being of the inhabitants of stimulating demand, and there all countries must be looked for fore of increasing production and not so much from their Leginia- thus causing the very necessary What this tures as from the people them expansion of income. selves. The free movement of association has done in the past has always been in that direction. commodities and services of every

efforts of kind is a matter of vital import- We are anxious that ance to the well-being of all the kind should not cease, and we countries as well as to Great Bri- very urgently invite you to assist tain. Whatever Interferes with us in giving effect to views! this must be viewed with aus- which, we believe, must tend to plelon, and must be justified (if put an end to the present unem- at all) by overwhelming evidence ployment and at the same time to that the interference is for the the alarming situation

of the tivity in local stocks since the common good, and not for the ad-world, and to bring about a grow-date of our last Report and rates vantage of some section of the ing prosperity which will have generally have shown community. I go further, and say

the effect of improving the condi- tendency. This reaction is doubt- "and not to the disadvantage of tions of all sections of the com-laas due to the very brisk market some other nation or group of munity every country.

of the past few weeks and in Measures that Have Been Taken. nations."

Rome measure

the Chinese That the present

Let me turn for a moment to Tomb Worshipping Festival, which economic situation of the world is unsatis- the measures which have in fact now in progress. Transactions factory, cannot be questioned. been taken, and ask whether they have therefore been on a restrict- Wherever we look we find gravd have not rather tended to in-od scale, and prospective buyers

crease than to relieve our diff of most stocks ....$25,000,000.00 dificulties are being encountered.

are holding off, Unemployment is bitterly felt in culties. Little or no difference. of hoping for lower prices. America, in Great Britain, and in opinion has been shown at the Banks-Hong Kong and Shang. Germany. It would be hard to various conferences to which I

hai Banks have receded in London find three countries moré differ- have referred as to what needed to $116.10 (Middle), but locat ently circumstanced than these. to be done. Every one of them, eales have taken place again at Some common · cause

whether convened by business or causeя

$1,400. men, or by the workers, or by the must be sought to explain so com2

Marine and Fire Insurances.~~~A Government, has come to the con- fair quantity of Unions changed mon a phenomenon.

clusion that the situation cannot War's Aftermath. For myself. I do not think the be amended and that the neces-hands at $446 and $440 and more sary expansion of income cannot are to be had at the former THE YOKOHAMA SPECIE BANE, alants special facilities for domestic causes are far to seek: The huge becured unless the Imitations gurs. Cantons have advanced to

and foreign banking and exchange.

expenditure to which the War and restrictions upon trade are $815. There are buyers of Hong We also handle the fame of Bonds committed the civilised actions removed.

Kong Fires at $900 and China and other Public Funds of the Chia-of Europe from 1914 to 1918, into

The International Chamber of Firco at $895. China Underwrit Interim as Government both at home and abroad.

which in 1917 America was also Commerce in plenary congress has ers have had transactions SHOU J, CHEN, drawn, bred extravagant habits.

Manager which are not easily unlearned. again and again denounced the $1.60/$1.75.

present high tariff policy of the Shipping Douglas Steamships Hong Kong, 5th March, 1930.

At the same time the resulting nations. The World Co-operative are quiet, but steady at $22 tween 87234 and $19. Hong Kong Tanah Merahs destruction of wealth which the Allance, representing tens of Hong Kong, Canton Bad Macao THE MERCANTILE BANK OF War entailed made the world less millions of workers has passed Steamboats have further declined

INDIA, LTD.

able to bear the burden of the similar resolutions. The Federa- to $20% Waterboats can be plac- habits to which everyone has be- tion of League of Nations Uniensed at $25. Shell Transports have come accustomed. In addition, claims by the victors for the pay special conference at Prague had a further rise in London to

and in plenary congress at Madrid | 98/9. has urged the nations to reverse Docks, Wharves and Godowns.— their present tarift policy, and Kowloon Wharves were dealt la that great World Economic Con again at $159, Whampoa Docks gres convened by the League of have appreciated to: $39, at which Nations itself. unanimously declar-rate sales were effected. China Pro- od that the time had come to put vidents were sold at 35.40 and 35.30. an end to the increase in tariffs There are enquiries for Hongkew made in Watsons at $10,80 and Courts, and to move in the opposite direc: wharves at Tha 245 and New En- $10.85. Hong Kong Hopes are

York.

*Interest allowed od Current Ac- counts and Fixed Deposits according to arrangements.

Every description of Banking" and Bxchange Business transacted.

Safe Deposit Boxes to let

A. LECOT,

Mana Hong Kong, 1st May, 1929,

LIMITED.

Established.' 1880. Capital (fully paid-up) Yem 100,900,000 Beserve Fund

Yen 111,500,000

Head Offices-YOKOHAMA.-

Beauchan and Ågenelas ats

Alexandela

Batavia

Bombar

Brands Ayres

Nagoya,"

Newchwang New York Osaka

Peking

Calcutta Cambon: Changchun Dairen (Daliny) Fengtien (Mulden) Beattle

Rangoon "Rio de Janel

Saigon) Ban Francisco

Semarang Shanghal Bhimonoseki

Subscribed Capital Paid-Up Capital .......$24,710,200.00 Reserve Funds $ 3,820,508.82

HEAD OFFICE: SHANGHAI. ́

HONG KONG BRANCH:

4, Queen's Road Central.

Owing to our numerous branchas 'in Chica.. and large connections in the important commercial centres of the world, able to extend

EZ HEAD OFFICIA Onochurch Christ, Lonely-2, C#,

Authorised Capital

3,000,3

Subscribed Capital 1,800,000 Paid-up Capital

1,950,000 Reserva Fund and Rest 1,648,508

BAMIZBRYS ¿The Bank of England à Miðhad Bank, KAL.

Hong Your Younian (Falang) :Bouisbeye:

THE INDUSTRIAL. & COMMERCIAL BANK LIMITED.

HEAD OFFICE:

12-11, Queen's Road, Central,

BRANCHES. Shanghal Hantow, Canton, a

#theworld

But in spite of these resolus tions, there has been little actie Indeed, the action, taken, bas ten

CONNELL BROS. COMPANY, David House, Des Voeux Rd. C..

Lards are unchanged with buyers at‍ 134. Shanghai Cottons (Old) can. Tls, 245.

be placed at Tis. 80. Public Utilities-China Lights Rubbers. The following are ther opened with a firm undertone, but lateat cabled quotations received aftor.coming to business at $24 at from Shanghai:- the outset, the market later in the

Ths. 7.40 Buyers. 4.00

.60

· 1.80

8.35

1.85

1.25

1.16

2,20 6,85

week declined to $29 for the old, and Anglo-Javas $18 for the new shares owing to Anglo-Dutch holders being disappointed over the Batu Anama

dividend. Hong Kong Chemora. at Electrics have eased off slightly and Consolidateda

sales have taken place at $71/872. | Kroowocks Star Ferries have ductuated be Repahs Trams were placed early in the week Tebongs.... at $214, but gradually sagged away Zlangbos

"China Lights have declared' an to buying rate of $20.70. There has been a slight recovery at the close Interim dividend of 25 cents on the on the now Telephones were taken off the shares respectively... and shares are now wanted at $21%. old and 3.22 cents

market at 18

Miscellaneous Green Island After discusion.regarding the fm. Cements (Combined) have eased off portation of immoral foreign books, a little, and after sales at 816 have the United States Sabale decided burers at $15.65 with sales made at that responsibility for salture shall $15.70 and $15.80, Dairy Farms rest with the Customs and censor- are on offer at $2314 Deals were ship with the Federal District

.12.

gineerings at Tis. 81⁄4, while Sbang-sought for at $1.85.* Raube have A number of Interesting coral fish

at Dods are asked for in the North Hardened and are saleable at $281⁄21⁄2. | from the Dutch East Indies bas- at Tia 129:2

Benguets are enquired for at $8.70 recently been added to the Zoo Lands, Hotels and Buildings. er the dividend of 15 centavos just aquarium, atd fifteen specimens of Hong Kong and Shanghai Hotels paid. Amesements were placed at the octopus have arrived from havo not intained the level touch

30 Madeira.

ed last week and were adually solde

Milla Ewos have been dium of a fais turnover.

was an impressive scene at

1-184, but the market | Bt

when the Pope's Mass of wis said, for the victims dar religious persecution,