1930-06-21 — Page 2

d

HONG KONG AND SHANGHAI | THE CHARTERED BANK ́OF

BANKING CORPORATION.".

Sutherland Capl)

. $60,009,21,6 Jened and 'Fully Paid-up - $30,000,0 Bonarse - Punda zam

#herling HE

BUTH

Horners Liability of Proprietari --- $36,008,800

HRAD OPTION: HONG KONG

BOARD OF DIRECTOR§ 1

J. 4. Plummer. Bos

Chairman.

Hon. Mr. 9.0. B. disckle.

Deputy Chair

W. M. Hell, Keq

A. ii. Cumptoti. In.

B. Lander Lord, Eng

O. Miskin, Kaq.

AMOT

BANGKOK

BATAVIA

BOMBAY

DALOUTTA

JANTON

BERTOO

BOLUMBU

DAININ

FOOCHOW

MALPHONG

HAMBURG

MANKOW MARDIN

MONGKEW

ILOILO

(POM

*Lo

KON

KOWLOON

Hon. Mr. J. J. Paurion,

T. 2. Paarom.

T. I. B. Haar, Kər.

J. P. War, Mag.

Arting Chlef Manager, Y. M. Craybarn, Rəq

BRANCH ES Same

KUALA LUMPUR

LONDON

LYOXS

MALAOGA

MANILA

MUAR (John)_

MUKDEN.

NAOISAKI

NEW YORK

PEIPING PENANG RANGOOK SAIGON

BAN PRANDISQU

SHANGHAI

BINDAPORM

BŪURABAYA

SUNGRI PATANI

TINTAIN

70X30

TSINGTAO

YOKOHAMA

Omrany doute opened in Local Currency and Fixed Depimila rasaivad for ana jone, si sharter ploda in Local Ourmany and Bise:lng

hero which will be quoted

Hong Kong. Ist April, 03.

application.

HONG KONG SAVINGS BANK.

The Baloane of the above Bank conduci. by the HONG KUNG AND BILANGHAI CANLING CORPORATION. Bules may be skiained og 1pplication,

JOB THE HONG KONG à SHANGHAI DANKING, CORPORATION.

V.M. CHHAYRUES, "

„Acting Chlef Mannger,

Mung Kung, 17th March, LiKUI.

NEDERLANDSCHE HANDEL - MAATSCHAPPIJ, N.V.

(METAXRLANDO' TRADING RONIËTY) |

DANKKES.

· Zelibabad 1854

Beng Kong Oo--11 Queen'r Boss Central

Amikor Dupini ......... Quilters 180,000,808. 300,000) Fold-Up Capital ...................... Gullée 806,900- (20,000.007.) Sverre Food mann Ogilders|| 60,000,000- (28,108,398) Head

-(AMB) ERDAM'). Eastern Head Ofori-DATAVIA.. KRANOMEG :—Bandjsemonals Bundoong') Bombay,

Calcutta, Caribon, Djember, Djok Jakarta') The Llague), Jeddai, 20%, Mose-Hadja, Makassar, Madan, Podiza Palembang. Pekalongan, Penang,

Bibl

Barmerang'} (Bumaira)," Singapore, Fourbela,

and Weltevreden.").

7 Chese offene kaya sak deposla bossa ko lak Sandra Bakkann-Kafionel Erevionial Bank 244.

Semmpondanta all went the world

Benting busiseen of wvary

description transected.

INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON,

·Paid-up Capital

.88,000,000 ..$4,000,000

Reserve Fund...... Reserve Liability of Propris.

tors

.£9,000,000

Agencies and Branches:

ALOB STAR

(Malay Babes'

ANKITŠAN

BANGKOK BATAVIA BOMUAT

CALCUTTA SANTON

DAWNPORE CRBQ

COLOMBO

DAIBEN (Delay

South Maroburfa

DELAI

HAIPHONG

RAMBURO

HARDIN

HANKOW

[N. Manchuria)

RỒNG IONG

KOHA

UPON

KARACH

KLANO

KUALA KANGSAR

Pack (M.A.)

KUALA LUMPUR KUCHING

КАРНАЯ

MANILA

MEDAN

NEW YORK

PEKINO

PENANO

PESHAWAR

BANGOON

9&10ON

ЗЕМАВАНА

REREMNAN SHANGHAI SINGAPORE BOURABAYA TAIPINO

(7.1.0.}

MAVOY

TIENTSIN

TORTO

TONGKAH (Bhukas, THINOTAO

TOKOHAMA

BAMBOANG

(Philippine Intende)

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.

THE

CHINA MAIL.

TOBACCO REVENUE:

Duty Collected Very Satisfactory.

TRADE DEPRESSION.

COMMERCE

AND

FINANCE

OPIUM MONOPOLY. Smuggling Decreases the Revenue.

· FANTASTIC PRICES.

The revenue collected during 1929 from the sale of opium in the Colony amounted to only $2,705,- 858.20 which represents a decrease as compared with 1928

of

TEXAS MINES AND SILVER.

CESSATION OF MINING UNDER CONTEMPLATION.

POSSIBLE LOWEST LEVEL.

El Paso, Texas, June 3. Mine operators here to-day pre- dicted a cessation of silver mining, believing that 85 cents an ounce is the limit of decline.

The Pachuca, Mexico, mines can. not operate at a lower level, it was stated. Other mines in northern Mexico will not be affected because they produce other ores in addition to silver.-United Press.

LOCAL SHARES.

Benjamin and Potts Weekly Report

In commenting in his annual report on the revenue obtained on imported and manufactured to bacco, the Superintendent of Im- ports and Exports says that the net duty collected showed an In-8070,262.75. The opium' smuggled crease of $319,986.07 which must into the Colony comes from various be accounted very satisfactory in sources. Prepared opium, accord- year notable for general trade ing to the annual report of the The reason must be Superintendent of Imports and depression. ascribed in the main to the altera- Exporte, tion in the methods of collecting chow, Macno and Kwong Chow Wan, came chiefly from Wu-

duty on local manufactures, as and on one secasion from Shanghai. mentioned below. This new method was put into force when the local factories opened after the Chinese New Year holidays, thus the

was new system

in force for about 104 months only.

During the period under review by the railway staff, Seizures of the local market has remained The introduction of the new Ferstan opium were more frequent. fairly steady and with few excep- method of taxation caused some A large seizure of Indian oplum tions prices show a firmer tendency, Straits $20,000,000 apprehension amongst those local was made inside the anchor davit which, coming on the eve of the 8,000,000 factories which manufactured for of the s.s. Kutsang on her arrival settlement, points to a more active 4,000,000 expert, and threats were made from Calcutta. The real destina-market in the future. 4,000,000 that factories would

totion of the lot was Shanghai where Banks.The steady drop in the 2,520,000 Macao. All have now

fantastic prices are being quoted for London quotation to £105 (Middle) HEAD OFFICE;-SINGAPORE. the new system is perfectly fair

Indian opium.

had adversely affected the price of Branches, Agencies and Correspon- and workable, and does not affect dents in the principal cities of the exports adversely: The only facillicit opium of all kinds continued and they were sold locally at During the year supplies of Hong Kong and Shanghai Banks Every description of Banking and tory which actually transferred its to be both plentiful and cheap and $1,500,

· A. H. FERGUSON,

Manager. Hong Kong, St. Jancary, 1920,

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

Authorised Issued

Pald-up Reserve

CAPITAL.

Liabilities

of Shareholders Surplus

work.

Exchange business transacted.

TAN ENG HOOI,

Manager. Hong Kong, 18th May, 1930.

move found that

to its Macao export business branch has now found that it is quite feasible to manufacture for export here, and has recommenced manufacture for export on a large

THE BANK OF TAIWAN, LTD.scale.

(TAIWAN GINKO)

The introduction of the new system after the New Year holidays conduced greatly to the tion, as factories were cleared of all manufactured goods before the holidays.

Most of the raw oplum smuggled Messrs. Benjamin & Potts, local was from Yunnan and reached the shure and general brokers, in their Colony via West River, although weekly share report, dated yester some was brought down by train, day, state: some by women carriers and some

sales of Government opium de- Marine and Fire Insurances.— Uniona were also on the weak side creased as a result.

with sales made down to $450.

Chinese Spirits.

The revenue on Chinese spirits Hong Kong Fires are enquired for also showed a falling off, although while Cantons have remained steady at $955 and China Fires at $400, larger seizures of it and of spirits of wine were made. In the course at $950.

Shipping.

HEAD OFFICE:-Talpeh, Formosa, smooth introduction of the innova- of investigations into various cases have firined up to a buying quota-

it was proved that a large amount tion of $24.

Incorporated by Special Imperial

Charter, 1899.

Central Bank in Fermosa,

Bank-Norse lasted Areage Doudt Y.,000

BRANCHES AND AGENCIES: JAPAN :--Tokyo, Yokohama, Kabe, Gaska,

PORULOSA --clean, Kagi, Karenko, hng Matong, Nauto, Shlohi, Tech, Tainas, CHINA -fkanghai, Hankow, Amoy Footor,

Takao. Tammal, Toan, Haito, Talso.

Beaton, Canton.

OTHERS Long Kans • Blagapor Sourabaya.

BUATAN

Datavid Bocabey, Celsuite, Londra, New York, Dalman,

LONDON BANKERS:

sipul Gommersial Content throughan ika world.

I. NAGUIA.

Manager.

CONU BRANDS

14, že Voeux Boot Central, Hong Kong, 18th January, 1838.

HONG

Ach Manugor.

By

Br

any force

Douglas Steamships Hong Kong, Canton

of spirit consumed by Chinese never and Macao Steamboats are on offer paid duty. The amount was greater at $26, and Waterboats at $32. The new system has worked well than was realled before..

Collections from local Chinese Kowloon Wharves changed hands at Docks, Wharves and Godowna.- after the officers concerned had got accustomed to it and certain distilleries showed a decrease of 14 $172. A small decline has cecur- practical adjustments in the par cent. Two distilleries methods of assessment of raw leat found in possession of smuggled China Providents were also lower were red in Whampoa Docks at $39. had been made after experiment. spirits, and five were found to be and were placed at $5.45. Hongkew

Legislation.

engaged in extensive frauds on the Wharves are wanted at Tia. 266. of the Revenue by the means of the con- New Engineerings were done at Tls. amendment Protianak, Bangoon, Botterdam) The London Four and Parr's Back Tobacco Ordinance duty became cealment of about half of their 73 but have since lapsed to A

payable on raw leaf as soon as production of rice spirit. Someniuria (Bolo Tagal. Tilap The Bash at Dorrespondente in all the_primit was imported or drawn from The number of distilleries de-

nominal quotation. bonded warehouse for removal to sed during the year from 65 Hong Kong and Shanghai Hotels

Lands, Hotels and Buildings. This system is into 44, and imported Chinese spirit have been the medium of a fair factory.

other countries decreased by 9 per cont. Revenue turnover in most where Tobacco is taxed, including officers seized 2,625 gallons of illicit Kong Lands were put through at at $12/12%. Hong the United Kingdom. To facilitate spirit apart from the 721 gallons 883% to $85, and have further manufacture for export a system seized by the police. The origin of bayers at the latter-figure. Hum- of drawbacks Was introduced, most of this spirit was Macao.

have based on the amount of duty-paid

phreys Estates

remained One ingenious method of con- steady tobacco which had been used in cealment discovered is worthy of receded

nt $16.60. Realtys have to $10. Shanghai mention. Near the shore of Kow-Lands continue in request at Tls. The fees for importers and re-loon Bay a large deep pit was dug 285. tail licences were raised on and covered over with boards January 1, and an unexpectedly fastened together,

Public Utilities.-Hong Kong So, large number of retailers renewed which good earth and turf were $20/20.20 and continue in de- on the top of Trams have had transactions at, their licences at the enhanced fee placed. Whenever the contents of mand, at the latter price. Hong which were graded according to the pit were required the whole of Kong Electrics have been denit locality.

the cover, turf and all, was lifted in

at $78 As a sequence to the transfer of up and replaced. Care had been Ferries have weakened and were taxation on to the raw leaf instead taken to water the turf frequently booked at $88%. There are bay of the manufactured product in

A. STOKKINK.

Hong Kong, 184#April, 1039

BANQUE DE L'INDO - CHINE.

HEAD OFFICE:

96, Boulevard Hausaman, Paria.

Subscribed Capital Fis. 72,000,000.00 Paid-Up Capital ...Frz. 88,400,000.00 Beserve Funds ....Frs.102,000,000.00

Bangkok

Battambang

Darha

Canzon

BRANCHES: Hong Kong Quiuhon Hue Salgon

Mongtze Shanghai

Nama-tinh

Bingapore

Tiantain

Djibouti Noumea TLanhea

Fort-Bayard Papeste

Haiphong Peking Hankow Puem-P.ah Vinh Hanoi

KERS:

Yunhanfu

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

IN LONDON: The National Pro- vincial & Union Bank of England, Ltd; Comptoir National d'Escompte de Paris; Credit Lyonnais.

THE BANK OF CANTON, LTD.

Established 1912. "

Head Ofce-Hong Kong.

Authorised Capital (H.K. Ouranoyt ...$11,000,000 Paid Up Ospital t

***** 1,000,000

ABANCHES.

Chaton, Shanghai, tankov,

Bangkok, New York and F France

LONDON BANEZRO 1- -

The Bloyds Bank Limited, CORSKIPUNDERTY

I'll prizalyal olties of the World

Foreign szokaze and banking malmes of erary description kransacted.

Bate Depot House (Tarlina 'Emat as a pearly Psual of from 25 to 348.

LODE PUDNG SHAN,

each case.

and 879.

-Star

Chief Manager. the case of local factories, a fint 50 that there was a luxuriant cover-ers of China Lights (Old) at] rate was adopted for all imported ng of grass, over which the search $2734 after sales at $28, Tele- manufactured tobacco, instead of party walked without suspecting hones

Hong Kong, 14th May, 1980,

THE BANK OF CHINA. 行銀國中

1

Keorganised October 26, 1928, under special charter of The National Gov. IN NEW YORK: J. P. Morgan & ernment as an Co.; French American Banking Cor- -INTERNATIONAL EXCHANGE poration; Guaranty Trust Co. of New Tock.

Interest allowed on Current Ac. Paid-Up Capital sounts and Fixed Deposits according Reserve Funds to arrangements,

Every description of Banking and Exchange Business transacted.

Bafe Deposit Boxes to lot.

A. LECOT,

Manager,

Hong Kong, 185 May, 1929.

THE YOKOHAMA SPECIE

LIMITED.

Established 1850,

BANK

the former classified ad valoremat they received precise indica tariff. It had in fact proved in- tions of the position of the cache. creasingly difficult to assess at their

Spirits of Wine.

$17.60. Peak

fetched Trams (Old) are wanted at $113 ex the dividend recently paid.

Miscellaneous.Green Island true value the numerous and often There was also a large increase Coments (Combined) have con- ephemeral brands of imported in the smuggling of spirits of wine, tinued in good demand and were cigarettes and cigars, and the only 2,726 gallons being seized by negotiated to a fair extent at im- assessment which found ready ac- Revenue officers and 16 by the proved prices up to $18.35 Dairy ceptance was that in the importer's police. The source of all was Farms were dealt in at $25 $26. favour. The manufacturer abroad Macao. The use

Was continued Watsons changed hands at $13.

now knows in advance exactly of glass and stone-ware demljohns Hong Kong Ropes have shown re- Subscribed Capital ....$25,000,000.00 what the duty will be on any new sunk in pairs on the bottom of the newed strength and closed with $24,710,200.00 brand which he may wish to in-harbour, especially near Yaumati buyers at $0.60. Lane, Crawfords ..$3,820,508.82 troduce. Formerly every manufac breakwater, but no evidence could pre to be had at. $32. Raubs turer had to consider carefully how be obtained as to who was respon-re on offer at 82841⁄2 ex the final to adjnat his price and quality 80sible. This spirits of wine

dividend of 1/6d. just paid,...

Cotton Milla Ewos were realis ed again at Tis. 184. Shanghai

· HEAD OFFICE; SHANGHAL

HONG KONG BRANCH:

4. Queen's Road Central

Owing to our numerous branches in China and large connections in the

BANK,Important commercial centres of the

world, we pre able to extend to ow clients special facilities for domestic and foreign banking and exchange.

We also handle the issue of Bonds) and other Pubile Funds of the Chin-

Capital (fully paid-up) Yen 100,000,000 ass Government both at home and Reserve Fund Yan 111,500,000 abroad..

Head Office:YOKOHAMA, Branches and Agenziem atı

Nagoya Newchwang New York Osaka

Calestia

Changchun

Paking

Rangoon Rio de Janeiro Balgon

·Dairen: (Dalny) Ban Francisco »Vengtian (Mukden) Seattle.

Semarang Bhanghai Shimonos

Haraburg

Hartia

Singapore Sourabaya Bydney

Tientsin

Tokyo

SHOU J. CHEN,

Manager. Hong Kong, 5th March, 1980,

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE! --15° Ort mokurok Fleset, London, B. Cull Authorized Capital 1£8,000,000 Subscribed Capital... 1,800,000 Fald-up Capital P.: 1,050,000 Reserva Fond and Best 1,640,508 PANIERS: PyThe "Buch of Ragini agMidland Bank, ĽMI.

Boutbay

(busta)

·Krals Lipis Kuala Lumpur

Panang

is

as to bring his goods just within chiefly used for blending purposes, the lowest possible tariff cissA.

and the purchaser of inferior spirit

THE INDUSTRIAL & COMMERCIAL BANK. LIMITED,

HEAD OFFICE: 12-14, Queen's Rand, Central, Hoar Kouta

BRANCHES Shanghei Hanko, Canton,

CORPONDENTS

In all principal cities of the world. Every description of Banking and Exchange business transacted: - We Loiter prompt and personal service. TIENMU KLIN, M

General Manager,

Why Some Girls Are Not Popular.

There are some girls, who are attractive enough in appearance yet,who lack that popularity which other girls enjoy. What is Fort Ronda (zie)the cause? Simply that they un-i

consciously repel those with whom they speak because they are sulcted with smelling breath, result of intest Inactivity.

Jana) Bourshesym

Cotton are quiet, but steady at Tls.

86,

does not seem to care about the flavour provided the cost is low. A

Rubbers. With Rubber down to large proportion of the spirit legally imported from Macao is a 5.15-16 per pound, further weak- blend of spirits of wine. There is ness has got in, and the following undoubtedly a demand for Inferlar are the latest prices received by spirit at a cheap price and to meet cable from Shanghai:-

such demand various devices · have. been resorted to by the trade. The coolie class, the chief consumera of auch spirit, appear to be able to as similate with impunity spirit which would seriously upset less strong stomachs.

LOCAL ASSESSMENT,

Big Increase in Rateable Value of Colony,

TEN YEARS GROWTH.

The report has just been issued by the Colonial Treasurer and Assessor of the new valuation, of the Colony for the year 1980-1981.

This report, which is dated May 28, phows that the rateable value of the Colony has been decreased From 617-666 to $83,069,802

In additions 61-31,362,086 or 4.59

Anglo-Javas Anglo-Dutch

Buyers Tla.

6.25

9.50

Batu Anams Chemora

0.75 1.20

Consolidateda

2.25

Kroewoeks

1.20

Repake

1.20

Tanah Merahs

1.00

Tebongs,

$1.75

5.50

Zlangbes

Exchange. The TT rate on London is 1/8% and on Shanghai

85.

Forward Settlement DaysJuly 29 and August 26.

from 1921-1922 to 1980-1981 in. clusive:

Year 1921.22 1922-28- 1028-24 1924 1926- 1026 1982

Rateable Value

- $18.698.660°

19,805,929 21,059,700

22,147,051) 27,287

SATURDAY, JUNE 21, 1930.

BATHING COSTUME :-

Viking,

Hollywood,

Ocean,

etc., etc.

THE BAKILLY CO., LTD.

ILLUSTRATED!

153-155, Des Voeux Road Central.

ILLUSTRATED !!

ILLUSTRATED III

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

A proposal by the British-American Tobacco Company, Limited, to establish a factory in Hong Kong. is fully and exclusively reported in the current OVERLAND CHINA MAIL. The announcement is all the more interesting in that the public had been informed of new Government tobacco duties only the day before the news of the new Industry became known. It is understood that the site for the new factory has not been definitely settled upon.

The case in which Messrs. Andersen, Meyer and Co. are suing the Hong Kong Hotels Company in connection with certain refrigerating machinery has brought out some in- teresting, and often amusing, passages between witness and counsel. The OVERLAND CHINA MAIL has a full account of the case, which has excited great interest locally.

A sordid tragedy enacted last April had its end at the Criminal Sessions, when a Chinese who murdered his work- mate was found guilty but insane. Medical evidence was to the effect that the man was suffering from murderous delusions of persecution. The OVERLAND CHINA "MAIL" contains a concise account of the trial.

New piracy prevention guards have arrived in Hong Kong. They are White Russians, and have been specially recruited under the supervision of the Inspector-General of Police, who made the trip to Shanghai for the purpose. All the recruits are tall wall-built men, and form the "E" Divi- sion of the Hong Kong Police. Full particulars are given in the OVERLAND CHINA MAIL.

The work of the Hong Kong Women's Guild and Ministering Children's League was reviewed by the Pre- sident, Mrs. W. T. Southorn, at the annual meeting held during the week. Especial thanks were due, it was stated, to Chinese who had arranged for theatrical shows by which the sum of over $4,000 had come into the funds. A complete account, fogether with the report and balance sheet, appears in the OVERLAND CHINA MAIL.

Sport, as usual, is fully dealt with by the OVERLAND CHINA MAIL staff, particular attention being paid to local tennis and lawn bowls during the present season..

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 în lis, and Canada testify to the keen ather parts of the world frequently pleasure and interest its weekly fail to be written öven by the most arrival brings,

For your folks at Home to TE- ardent correspondents. It is a kindly thought, therefore, to ensure ceive this weekly budget, or to keep that those away from the Colony, yourself posted with afairs during or folks at Home, should have an do is to drop a note to the "Over

your absence, all that you have to unfalling supply of Hong Kong land China Mail."

and Chinese news every week-by means of a subscription to the minder of the experience behind the The word "Overland" is a re ." Overland Ching Mat”

production, it kuving been publish Without any trouble of packing ed since the early days of the and worrying about the Post Office Colony, to be sent OVERLAND on your part, and at the cost only because there was no Suez Canal, of $3.75 for three months, the and that was the quickest route Overland China Mail" will be by which to get mail Home. In sent Fonte for you every week, the march of time the "Overland, “ salcking the mail regularly. It China Mail" has become the only contains just the news, features woskly news budget which has a and platures from the dally "China coloured pictorial mupplement with that make a 'studied appeal local photographs. It is made just people with any interest to suit requirements, as it has dons - whatsoever in Hong Kong, and all along. What more could be“ "many letters from Home, Austra- desired!

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