1930-07-10 — Page 2

THE

CHINA MAIL.

THURSDAY, JULY 10, 1930.

HONG KONG AND SHANGHAI BANKING CORPORATION.

Bathroond Cupthal

bayað and Pulls Paid-up came, $90,000,00€ Bosotra Funda

Berling

4,500,00

Roseys Wability al Proprietare som #39,198, där

READ OFFICE: HONG KONG

BOARD OF DIRECTORS :-

J. A. Plummer. Bee

Chairman.

Iton, Mr. Q. G. H. Mackis.

Deputy Chairman).

W. R. liels, Exq.

A. B. Compton, Kv.

B. Lauder Lewin, Zaq.

U. Miskin, J.

AKOX

BANGKOK

Elon. M. J. J. Paterson,

T. E. Parts, Big

T. I. 3.Shaw, Kxj.

J. P. Warren, Bog.

Acting Chlef hinnagor.

V. M. Grayburn, Esq.

BLANCHES---

LONDON LTONA

MALACOA

BATAVIA BOMBAY VALEUITA

BARTOS

KANILA

RAYDO

Alt (Johuro)

MURDEN

SAGĀBAKI

VELPINIS

BOLOMBO

PATRNX PODCROW

LAITHONG

NEW YORK

MAKROKO

KANIOW

IN

KONGEZW

(LOILO

POK

JONORD

£031

KOWLOON

KUALA LUMPUR

PENANO

BANGODN

BAIGON

HAN PHANOINKI

VHANGHAI

KINGAPORE

BQUBADAYA

RUNGEI PATANI TIENTSIN

TOKKO

THINGTAO

YOKOITAMA

Curva de puzle opened in Lol Currinay and Fixed Deposite čapmiral for one jour skerter paeloda, in Lonal Currency and Bellos Man kinh will be quoted în application. Hong Kong, il Apel), tatis,

HONG KONG SAVINGS BANK.

The Busiame of the store Dank le conduct- by the HONG BUẠO AND SHANGHAI RANKING CORPORATION. Bule Be

ssland on plation

FOR THE HONG KONG DITANGUAY BANKINO CORPORATION.

Y', AI, GIRA VEUEN,

Acting of Slanagar.

Hong Kong, 17th March, 1000,

WEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.

{SRTARRLANDO TRADING COMIETY)

BANTZES.

Kelablished 1954.

Masy Krag Boar-11 Quem's Boad Central.

Artharass' Capital ... Guilders 150,000,000-

Pula De Espital ... Gullition 201

Bones

Fund

Bead

(419,800,000.)

000,000 16,846,067,1 Builders 48,000,000- (21,713, 113.)

AMSTERDAM”).

Barn Offer:-BATAVIA. BRAMONES 1—Bandjoemselp Indon Bombay,

Geloutta, Cheriton Djamber, Diog Iskaria) The lingua'), Jeddah, Hide, Kola-Radja, lakṣasar, Madan,_Pedang Palabang Pekalongan Praang, Pontianak, Bangoon, klardam), Kamala),

dumatia). Bin

Fourabil Seratare (Bots), Taqui, Tyllallop and Weltevreden."),

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON.

Paid-up Capital

.£8,000,000

Reserve Pund ....

4£4,000,000

Reserve Liability of Proprie

tors

.£3,000,000

Agencies and Branches:

ALUB STAB

KUALA LUMPUR

—¿Malay Blada"

KUDHIND

AMRITSAR

MADRAS

BANGIOL

MANILA

MEDAN

NEW YORK

FKKINO

PENAND

BATAVIA BOMBAY CALOUTTA

UANTON CAWNPORR CKBU

COLOMBO

BAIKEN (Dabay

Bouth Manchuria) DELHI

НАПРЦОВО

HAMBURI

HANKOW

HARBIN

(N. Manshurla

HÙNG TỔNG

ILOILO

IPOH

ZARACH

ELANG

хова

KUALA KANGSAR

PESHAWAR

RANODON

BATOON

REMARANG

BEREMBAN

SHANGHAI

BINGAPORE

BOUBADAYA

TAIPINO

(2.1.8.3

TÁVOT TIENTSIN

TOITU

TONOKAN (Dhukw,

THINGTAO

YOKOHAMA

ZAMBOANO1

(Philippine Islanda)

Parak (F.M.8.) Foreign Exchange and General Banking business transacted.

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

A. H. FERGUSON,

Manager Hong Kong, Btu. January, 1929.

THE HO HONG BANK, LTD.

Authorised Issued Paid-up

Reserve

(Established 1917.)

CAPITAL.

Liabilities

of Shareholders . Surplus

and

Commerce

Finance

DUTY ON LARD.

Bource of

will, the slump in our export of this commodity is a foregone con- clusion. Firstly, the same fibre which is used locally will be used PROTECTION OF INDUSTRY IN in China. Cheap labour can under-

MANILA.

sell our product abroad, notwith- standing the fact that we are the the raw material Secondly, the Chinese product may Manila, July 3. Speaking in behalf of Wm. H. establish for itself a better reputa- tlon through dependable quality of Anderson and Company, John R. output. With the fibre coming Wilson, secretary of the American from the Philippines, only such chamber of commerce, at the hear-fibres as the shipper may send will ing of the legislative committee on

be consistently employed, thus ob- viating the possibility of adultera- tax revision, urged the raising of tion, unlike the domestic practice the tariff on Chinese lard and of mixing Mindoro and Davao peanut of imported into the Philip. fibres in one spool. Thirdly, it is

cheaper to send pines.

a bale of hemp from, Davao to Hong Kong direct in Japanese bottoms than shipping same to Manila, which means that if Davao hemp is used, China may get the Abre cheaper than those in Batangas can secure same. Fourth- isly, abundant and cheap labour in the China will Insure a steady supply, unlike here when during rice plant- ing and harvesting seasons produc tion falls

off." — Philippines

Herald.

I

SUGÁR INDUSTRY.

WORLD AGREEMENT TO REGULATE OUTPUT.

GROWERS CONFER.

New York, Yesterday. A conference of representatives of the American sugar industry in Cuba and Cuban sugar intereste has appointed a committee to study the

suggestion

by European and Javan producers for an international agreement tọ re- gulate the output for the next five years.-Reuter's American Service.

advanced

NOT A PARADISE,

AUSTRALIAN TAXES STILL "SOARING,

Canberra, Yesterday.

Mr. Scullin, in a Budget state- ment to-day, disclosed a shortage of revenue of £14,038,000 for the current financial year.

E. A. Schenkel, representing F. |E. Zuellig, also recommended an increase of the tariff on the same products. He explained that high- er tariff on the commodities necessary as a protection to local coconut oil industry.

John Wilson submitted a letter Straits $20,000,000 to the committee from Wm. H. An-

8,000,000 4,000,000 | derson and company déclaring that unless the duty on Chinese lard 4,000,000 2,620,000 and peanut oil is Increased, the

local Industry will suffer tremen- NER-SAG LITIGATION, bacco, dous losses, inasmuch as the local product cannot, compete, ably with the imported ones. Doubt was also expressed as to the purity of the Chinese lard. It was claimed that this product could not pass the sanitary requirements of the Philippine government if submit- ted to a test-Philippines Herald.

HEAD OFFICE:-SINGAPORE.

Branches, Agencies and Correspon- dents in the principal cities of the world.

Every description of Banking and Exchange business transacted.

TAN ENG ·HOOL,

Manager.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO)

HEAD OFFICE:-Talpeh, Formosa.

locorporated by Special Imperial

Charter, 1899,

Central Bank in Formosa, Bank-Norse anised Average amount ...Yua. 43,000,000 BRANGUEN AND AGENCIES: JAPAN 1-Tokyo. Yokohama, Koba, aka FORMOSA, SA, Kazuko,

Mahong, Nanto, Shinobiku, Taicha, Tainas. CUINA:—thaoghal,

Takao, Tantul, Toan, Hallo Timo.

Hastow, Amoy. Foschon,

Swatow, Casion. OTHERS-Hong Kong Alagapo, Lombar Londen, New York, Daire.

LONDON BANKERS;

Выливал Casulle,

Sibol The London County Westminster and Parr's Baak

''Those aŭtom kava safe degoals bases te lei. Kasëm Banker-Bational Protosial Bank Lik Carpondents sil over the world

Dapking business of every description (zansarted.

A. STORKINK,

The Back Correpuedants in all the pri

aspal Commarolal Confess throughout the world.

KNADURA,

BONG KONG BRANCH:

Manager.

A Dm Vosur Bood Central Hong Kong 19th Junones, 1999,

Act. Manager.

Hong Kong. Apeli, 1901

BANQUE DE L'INDO - CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paris. Subscribed Capital Fra. 72,000,000.00 Paid-Up Capital...Fra. 68,400,000.00 Reserve Funds ....Frs.102,000,000.00

BRANCHES: Bangkok Hong Kong Quinhon Battambang Hue

Saigon Gnatho

Shanghai Mangtze Nam-Diah Singapore

Canton

Djibouti

Noumes

Fort-Bayard Papeete

Haiphong

Hankow Hano!

Thanhen

Tiuntain

Peking Tourane Pnom-2.ah Vinh Pondicherry Yunnanfa BANKERS:

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

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

IN NEW YORK: J. P. Morgan & Co.; French American Banking Cor-

HEMP INDUSTRY.

CHINA IS REPORTED STEALING SECRETS.

Manila, July 3.

CLAIMS AGAINST MR. AND MRS.

BRANDRETH SETTLED.

The following statement has been issued by Messrs. Hackett Radley

and Johnson, chartered Recoun- tants:-

"The directors of Ner-Sag and Ner-Sag (Overseas) have announc ed that they have come to a settle ment of all pending litigation with Mr. and Mrs. Brandreth on terms which the directors, consider ad- vantageous to the shareholders of both companies. Arrangements are now being made to circularise shareholders."

A successful attempt to smuggle It may be recalled that in Janu- into China the art of the hemp inary of last year certain disclosures dustry, to which the Philippines were made as to the company's claima a monopoly, has just been business, and that subsequently the discovered by Pablo Sulit, a field chairman, Mr. C. Brandreth, was agent of the bureau of commerce charged with issuing a false balance and industry, and reported to Act-sheet, and sentenced to four years! ing Director Manuel J. de is inprisonment, «> Rama.

Rumours that n settlement, hnd been arrived at led to a rise in the THE BANK OF CANTON, LTD. "the yellow menace to the knotted shares recently, and dealings took hemp Industry" by the agent, was place pt 269. for the £1 shares of made by a shipper who exports | Ner-Sag. knotted hemp to Europe. The name of the shipper has been with held.

Established 1912.

Head Oca:-Hoog Koox.

anthrined Capital (11,K. Convárog1,000,00 Fald Up Capital ........... Ruerra Fund

BRANCELE

1,000,000

Bangkok, New York and Ras Fina

LONDON BANKEES |--

The Loyd' Bank Limited. CORRESPONDENTA

orie

I

in all principal cities of the Fortis change and banking begnes uf way Lunaription feed.

Gala Dari Bases various dama) en a resc that at from.

LOOK POONG SHAN,

Chief Manager.

The attempt which is dubbed

The report follows: "While every

one feels deeply Fanton, Bhangal, unakow, wow, worried about the low prices of the country's staples, knotted hemp not excepted, there suddenly Tooms in the horizon a new menace which if not nipped in the bud may ruin this lucrative industry in the same manner as the buntal hat industry. We refer to the recent shipments of 15 cases of spooling machines and 26 bales of loose Manila hemp to Amoy, China. The meaning of this move on the part of the ship- per, who is engaged in the export of knotted hemp to Europe, is ob vious, to Introduce the industry In China and secure his supply

Hong Kong, 14tth May, 1930,

THE BANK OF CHINA. 行銀國中

Reorganised October 20, 1928, under from that country at a lower cost,

special charter of The National Goy- ernment as an

poration; Guaranty Trust Co. of New INTERNATIONAL EXCHANGE

York.

BANK

Subscribed Capital....$25,000,000.00 ..$24,710,200.00 ..$ 8,820,503.82

Interest allowed on Current A-Paid-Up Capital mounts and Fixed Deposits according Reserve Funds

to arrangements.

Every description of Banking and

Exchange Business transacted.

Safe Deposit Boxes to lat.. A. LECOT,

HEAD OFFICE: SHANGHAI.

HONG KONG BRANCH:

Manager.

Hong Kong, 1st May, 1929.

4, Queen's Road Central.

for it should be borne in mind that labour is extremely cheap there. It is hinted that these machines, being very simple devices, are being duplicated In China.

"Our producers are partly to blame because of the abominable practice of many in adulterating the hanks and spools and insist- ing in preparing their product to their own satisfaction disregarding trade requirements, These are

Owing to our numerous branches in spools which contain very coarse, Chin and large connections in the coloured fibres or foreign materiale

To the accounts of Ner-Sag for the year ended September 30, 1929, the auditors appended a report that "the suspense account, £108,664, contains items comprised in suspense account, £254,535, are the subject of litigation by the.com- pany against Mr. and/or Brandreth,"

Mrs.

He announced that new taxa-. tion would produce £12,550,000 including primage duty of two and a half per cent. on all im- ports; Increases in the Customa duties of threepence a gallon on petrol, sixpence a pound

a shilling pound

A cigarettes, hal? Bovereign A pound on cigars, a penny a foot on films, and a pound sterling a ton on newsprint.

A

on to-

on

Excien increases would be two- penée a gallon on beer, three- ponce a gallon on petrol, and threepence. a "pound on cigarettes.

Sales would be taxed, except cer- tuin Australian primary products. foodstuffs ete.

The postage charge on letters would be increased to twopence: and income tax be increased by 10 to 15 per cent.-Reuter.

Could Helen Wills beat Suzanne Lenglen? It le a question almost impossible to answer definitely, but I am of the opinion that to-day Helen would be equal or superior to Suzanne at her best. Betty' Nuthall.

YESTERDAY'S SOLUTION STAR ROSK

APE AN

A

SH RE INTE

DAILY CROSS-WORD PUZZLE.

(This cross-word puzzle has been made by an expert ́but our readers are warned to look out for occasional phonetic spellings, such as harbor, plow, and altho.)

12

17

121

18

2

4

8

10

31

15

26

27

28

129

34

In

36

THE YOKOHAMA SPECIE BANK, important commercial centras of the near the core while the outside is

LIMITED.

Established 1830. Capital (fully paid-up) Yen 100,000,000 Reserve Fund

Yon 111,500,000 Head Office:-YOKOHAMA, Branches and Agendor at:

Nagoya Newchwang New York Onaku

Alexandria Batavia

Batnoi Ayrs

Temporarily slosed).

Calentti Danton

Dairen (Dalny)

Peking

Rangoon Els de Janeiro Haigon Wh San Francisco

Frogtlin (Mukden), Benttia

Hazaburg

Bankow

Bupatale

Heng" Long

Kill.tin

Semarang Shangha

world, we are able to extend to our covered with very. fine fibre. ellents special facilities for domestic some parts, producers Insist in and foreign banking and exchange.

We also handle the issue of Bonds twisting the banks so tightly that, and other Public Funds of the Chin Inspection by buyers is rendered ese Government both at home and very difficult, if not impossible. abroad.

SHOU J. CHEN,

This practice, of course, redounds Manager.

to the seller's disadvantage for the Hong Kong, 6th March, 1980. buyer has to allow a discount to

the right price to cover the cost of, loosening the hanks before export- ing them. The producer's "extra HONG KONG HEIGHTS efforts in twisting the hauks very tightly result therefore in their own disadvantage.

For the information of visitors the following list of a some of the highest points on the Island and Mainland is published i

Island.

Victoria Peak

"Should the attempt to introduce the industry in China prosper, and there is every indication that It

THE INDUSTRIAL & COMMERCIAL BANK, LIMITED.

BEAD OFFICE:

----- BRANCIES:

Feet. 1828

Tientsin Tokyo

Signal Station

1774

ML Parker

1704.

Landan

Mountain Lodge

12-16, Queen's Road, Central,

1725

Hong

Low Angles Erona

The Eyrie

1725

Vladivostock

Peak Hotel

1805

Zeuporarily closed)

Taikoo Sanatorium

1000

Mt. Davis

877

297

1971:

8124

75 Esturant allowed on Current":"Ao-

Deposita retired for fixed

rates to be obtained on.

Bowen Road (fiterbeds).

Kowloon

Shanghel, Hankow Canton,

Kongmoon-ANDING

CORRESPONDENTS

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

offer prompt and personal service

#TIENMU, K. LIN

General Manager.

39

42

45

47

'HORIZONTAL 1-To saparato 5-Part of a ship 9-Pertaining to the

poles 10-Volcano on faland. of Martinique ¡12-Egyptian auntied (18-Prefix=-threw then 14-Shaltara | aldė (" `45-A bronze egin of

Roma 17-Hostalry [19-Anxious -20-Stage of life .21-Dally fare $23-A heap

24-Tallen

28-Wanted 126-Percolated

sa-inuect

St To remove the out-

HORIZONTAL (Cont.) 86-Metric land mea

ura 37-Divara' disenie: 139-A number

40-A divblon of the

Bible (abbr) 41-Tablet 42-Moistura 44-Company (abbr.) 45-A domestic animat 47-Smallest EMS A 49-8tem of a tall graan |30-Mistakes

VERTICAL

· 1-Italian 'riýar. 2-High (music) ---) 3-81ightly cooked 4-Hardships; B-ili temper L-A nobla

7-Beverage 8-Musical note

-alde covering "SAM19-Fearso 25-Savered DA AY 11-Large bird

(The solution of the above are

along with

132 133

VERTICAL (Cont.) 12-Destroys 18-To sow seed 18-Combining form,

New 20-Amulet 22-Part of the stomach of an ox . 23-8mall S 28-Extend over 27-The globe on which

wa dwell Tebal (23-Cooner than

29-Conveyed by a deed”, 30-Piece of Harness 31-8peck

32-To bulld

33-A city in W. Novada 37-Foundation,

29-0ne who forstell

41-Prefix-befpro 41-Conflict

46-Enthar 48-8teamship (abbr)

ra putile will appeir in

BATHING COSTUME :-

Viking,

Hollywood,

Ocean,

etc., etc.

THE BAKILLY CO., LTD.

153-155, Des Voeux Road Central..

ILLUSTRATED!

ILLUSTRATED !!

ILLUSTRATED !!!

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.

The unstable financial condition in the Colony, and the failure of a local Chinese bank, caused a "run" on another bank which at one time threatened to assume serious pro- portions. Fortunately, the directors were able to satisfy their depositors of the stability of the concern.

Not the least interesting feature of the affair was that there was grounds for suspecting "Red" machinations. The OVERLAND CHINA MAIL carries a complete report of the ' affair.

As a sequel to a crash near Aberdeen in which over 20 people were hurt, and two afterward died, the driver of a motor lorry is standing trial for manslaughter. A full account appears in the OVERLAND CHINA MAIL.

Two soldiers were sentenced at the Kowloon Magistracy to terms of imprisonment for theft. The Magistrate, in pass- ing sentence, was of opinion that the act had only been com- mitted with a view to getting out of the Army. OVERLAND CHINA MAIL reports the affair in full,

The

Mr. Henry James Millington has been appointed to the position of Chief Bailiff to the Supreme Court. The announcement, together with short details of Mr. Millington's career, appears in the OVERLAND CHINA MAIL. Enermous losses are reported in the Lunghai battle between the Nationalist and Northern forces. It is stated that Chiang Kai-shek has abandoned his offensive, and that the total casualties amounted to over 40,000. The OVERLAND CHINA MAIL contains full dispatches from the various seats of war.

T

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 testify to the keen other parts of the world frequently pleasure and interest ita weekly fall to be written even by the most}urvival bringe.

It al

ardent correspondenie.

For your folks at Home to re- kindly thought, therefore, to ensure eive this weekly budget, or to keep that those away from the Colony, yourself posted with affaire 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 and Chinese news every week-by land China Mail." means of a subscription to the minder of the experience behind the The word "Overland?! is a ro "Overland China Maît.”

production, it having 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 mat Home. In sent Home for you every work, the march of the the "Overland catching the mail regularly, It China Mail" has become the only contains jush the news, features weekly newca budget which' has a and pictures from the daily "China coloured pictorial supplement with Mil" that make a studied appeal local photographs. It is made fust

prople with

any interest to suit requirements, as it has done tongtsoever in Hong Kong, and all along. What more could be many letters, from Home, Austra-| desired?

READY TO-MORROW Mall via Suez closes at 5 p.m., July 11. and via Siberia. at 6 p.m., July 14.

SINGLE COPY

25 Cents.

INCLUDING SPECIAL COLOURED

PICTURE SUPPLEMENT

[Bold on the streets and at the bookstalls or you can send your subscription to the offen.K. $15 per aRNUTA, OF

-$15. Including postage akrond... Half-yearly'

or quarterly, perieds pro 'ršta:)

NO. SA, WYNDHAM STREET PHONE 20022,

"THE OVERLAND CHINA MAIL

: