1930-08-18 — Page 2

Page

2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised 'Capital

$50,000.AND

dawned med Pully Paidap a $20,000,000 Reserve Fundazon.

Sterling S kilve

-2--4---4 £, £100,000) 40,200,000

Įkomezan Liability of Propristom. 120,200,000

HEAD OFFICE: HOND KONG,

BOARD OF DIRECTORS...

J. A. Pluminar, B

Chaleman.

A

1. Mr. C. . H. Mackle, Heputy tokat.

W. 1. 14. Eq.

Hoo, Mr. 2, J. Palermon

A. H. Cutopiton,, Eng. T. 2 Pearre, Eng

11. Danker Tamás, Fay. T. 11. R. Bhío. Eng.

f. Mijn. Eng. J. PyWazen, Exq,

'AMON

BANGKOK

BATAVIA

BOMBAY

CALPUTTA

CANTON

CHEICO

„COLOMBO

Chiel Manager.

1. M. Graybum, Esq.

BRANCHES:

LONDON

МАЗАЧАКІ

PESANG

RASHIDON

LYANN

MALACCA

MANILA

MUAR (Jalade j

MUKIEN

NEW YORK

PARES FOICTIOW

PEIPING

HAPROXO

HAMBURG

SAIGON

HANKOW

SAX FRANCISCO

HARDIN

ONGKEW

KINGAPORE

-DURA KAVA

SERGEI PATANI TIENTSIN

SOKYO

USISATAD

SOROMIAMA

1.01.

* POR

JOHORE

RODE

KUW LOON

KUALA LUKI PETZ

SHAKURAI

Garment Decorats opened to lord Currency Bed Deposita reeshed for one year un stortor peritud Local Currency and Steding was thin whirls will be quoted on application, Hong Kong, Int April, 100%,

HONG KONG SAVINGS BANK.

The Business of the shore Plank is ennduct ed by the HONG KO8O AND HANOIFAS BANKING CORPORATION, Полся ваму во shtird on application.

FOR THE WINDKONG AND SHANGHAI BANKING CORPORATION.

VM. GRAYBURN,

Chiel Manager.

Hong Kong, 180 July, 1900,

NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY)

DANKERS,

Tandilished 1921.

Hong Kong Office ;-11, “Qurenta fload Central,

Authorised (spital ........ (Uldern 180,500,000- (£12,500,000) Eid-Up plent

................ Guilders. 20,600,000 1£3,000, 17033

(£1,321,603)

Test Pot Ceilder 2018

F. Head Offer :-AMSTERDAMS

Eastern Brad Tiffer:--BATAVIA,

BRANCHES :-Handţermusta, Batictong", Dunbag,

Caleútín, Cherbou, Djember, Djok jskaela', The Hague", Jeddak. Kobe, Kan-Huda, Makassar, Medan, Packung Phletiteurs Pekalongan, Penang Pontianak, Ragantterdam", Showing".

Sidan Shoreli (humaten), Singapoer, Sonralais, Soemarla tot). Tegni. Fillajap and Welletreden,

The offers have anle deposit laser so let. Londor Bankees :-National Pravinelat Batič 1.td. •

Cervonden allow the word

Banking bidanan at every

cecliniline tenist cl

A STOKKISK,

Acting Manager,

Hong Kong, 18th Augitaət, 1924.

BANQUE DE L'INDO - CHINE.

HEAD OFFICE:

96, Boulevard Hawwman, Paris,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853, HEAD OFFICE: LONDON. Paid-up Capital.

.£3,000,000

Reserve Fund

.£4,000,000

Reserve Liability of Pro-

prietors

.£3,000,000

ALOR-STAR

KUALA LUMPUR

(Malay States)

KUCHING

AMBITHAR

MALMAS

Agencies and Branches:

BANGKOK

BATAVIA JKEMBAY

CALGUPTA

CANTIN

CAW STORE Ceut

LONDO BARREN (Ding

Hauth Manchuria) DELIU

HAIPHONG

HAMBUR

HANKOW

HARBON

(N. Manchuria)

SIONO KONG

ILOILO

SPORT

KARACHI

KLANG

KUALA KANGSAR

(Perak FM.NI

MANILA

MEDAN

NEW YORK

PEKING PENANG

PESHAWAR ILANGAON

SAIGON

SEMARANG

SEREMIAN

SIJANGITAT

SENDAPONE

SOURABAYA

„PALPURI) (FERA

TAVOY

TIENTSIN

TOKYO

TOSUKAI ({hurt)

YOKOHAMA

TSINGTAO

ZAMBOANDA

(in Extende)

Genera!

Foreign Exchange and Banking business transacted.

THE CHINA, MAIL.

and

Commerce

Finance

|POST-WAR TROUBLES plosives industries

OF INDUSTRY.

faced the pro

blem with which the cessation of War left them.

Other Countries Suffering. Dealing with the world position

Professor Clay's Tribute of "depressed Industries, he said

to Great Britain.

England

WAS

exceptional,

MONDAY, AUGUST 18, 1930.

HONG KONG MARKET PRODUCE.

APPROXIMATE RETAIL

Butcher Meat.

Beaf Sirloin

И

not

in the expression of its tex-

H

W

Roast

Breast.....

Soup

Steak 2.

Steak. Sirloin Sausagei

Tongue, fresh

A survey of world economite 'con-tile and heavy Industries, but

the extent

12 of its ditions and Groat Britain's position only in

them. If they in the work of rationalisation was dependence on given before the ladustrial Press took those districts, of the United Bullock's. Braina section of the Advertising Conven- States which were dependent on tion at Hastings on June 24, by Pro- textiles, coal and agriculture, to Economic the exclusion of the rest of the Henry Clay, Adviser to the Securities Manage country at any time in the last nine years they would have” a" "ple“ ment Trust.

ture of depression at least equal to ours.

fessor

The industrial methods that this country developed a century and Current Accounts opened and Fix-a-half ago had, he said, grown and ed Deposits received for 1 year or

the they sharter periods at rates which will spread, be quoted on application,

methods of every Industrial coun-

until

and industrialists.

were

still

Aug. 8, Jane, June,"

-

24-12

11.

Chicken Capona, Small

PRICES.

Aug. 8, June, Juns,

Poultry,

1930, 1918, 1914

Cla. Cts. Gts

lb.

55 30

58.28

64 28

28 家

each 30

per doz, 93.

31

Beach 40

1990. 1918. 1914. Cta. Cta. Ct.

*** 1

90

iPrime Cut

30 28

Corned.........

23 12

Capons, Large'.

30, 24 22

Duck

28

20 18

Dove

22

28 .20 18

Eggs, Hon (cooking)..

18

11

30, 2429

Eggs, Hon. (fresh)

新鮮雞讆

38 25

T

"

44 30

85

Fowls, Canton

lb. 68

$6

96

13

20

Fowla, Hainan

60

85

"

per 'set-15

12

Geese....

類

40

24

Bach - 05

50

60

Pigeons, Canton...

80

"

Holhow

海口:

25

彀

28

$1.00

-$1.20

Turkers, Cock

**

lb.

70

ib.

24

Turkeys, Hen

ANU

61

I

cach

each 10

10

pair

..

15

cach

4

26

Ib..

18

Bot $1.20 $1.00 $1.00

lb.

+1

Aimands

1.

Apples (California)

金山開藥

27

高山香街

Tongue, corned Head

4

P

12

Heart

"Hump, Balt

服务

Feet

Kidneys

#

Tall

rt

Livor

M Tripe

F

A

Shoulder

Saddle

By comparison with other coun. Cot- tries we had not done badly. ton was depressed, it had lost ty. On the eve of the War" the ground in world markets, but Calves' Head & Foot . A. 1. FERGUSON,

Lancashire economic unit, to a

exported as Matton Chop Manager world was an

Д value of cotton- + Leg Hong Kong, 8th January, 1929. greater extent than at any previous great

This was main-manufacturing countries put to- period in history.

de- Shipbuilding was ly the work of British traders, Bri-gether. THE HO HONG BANK. LTD. tish engineers, merchants, bankers prassed, with. дл unemploy Pig's Chitlings

ment percentage that baffled local administrators of the shipbuilding areas, but it continued to do about half the tonnage of the whole world without the aid of aubsidies or other Government assistance. The coal industry had reduced its cost mero than a quarter in the last few Park Chop

vitality of British Industry

Even more direct evidence of the

Authorised

Issued

Paid-up

Reserve

(Established 1917)

..CAPITAL

Liabilities

of Shareholders Surplus

8,000,000

Root Cause of Depression.

British Necessarily

economic Straits $20,000,000 interests were bound up with world 4,000,000 prosperity to an extent that was the case with no other country, and 4.000.000 the dislocation of the War was 2,626,000 bound to affect this country more

This than any other.

was the

HEAD OFFICE: SINGAPORE.

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

Every description of Banking and Exchange business transacted.

TAN ENG HOOL,

THE

Manager.

root explanation of the post-War depression in British industry, In

now had two dustry

great adjustments to make first.to turn back into channels of normal demand, the workers and resources

duction, and secondly, to find new outlets to take the place of those AMERICAN EXPRESS COMPANY, closed by the changes in werid trade. Such an adjustment could hardly be effected in less than a generation.

INC.

Head Offico: 65, Broadway, New York.

Capital

Surplus Reserves

Ainterfaus "Antwerp Albena

Berlin

Bializ

Bombay

Broken

Urz D:1000 Altes

Cairo

Celesite

Cannes.

Colombo

Euthanga Copenhagen Edinburgh Barenos

U.S.$6,000,000 U.S.$1,672,464 .U.S.$1,008,209

BRANCHES:

Саров

Nice Naples Pickou Hurin

Penung

Link

можете

HAYRIR Hamburg ![ATTO Interlaken Jerusalem Lida

London

Liverpoo! Lucerne Lupsoa Inior

Mullig

Monte Carlo

Manila

Junich

Houtrots

Ran

Palermo „Halterdana

Curtin Staraboul Stanghal Boulfampte Kingspars St. Morit

Tientsin

Violin Veules

Yokohama Zurich

GeoRT

Branches of American Express Company in Principal cition of Unit- ed States of America and Canada.

Transactions undertaken,

years.

#

Braina Feet Fry

H

Hend

N

Heart

19

Kidneys

Liver

Leg Loin

H

was

H

Fat or Lard

平中午羊羊羊羊甜猪猪猪猪猪猪甜甜羊 羊羊牛乳粹平中

#

汇 快冉槽那州譜览心脚麟尾肝肚脚骨手由船肌群什心肝出油脚心肝猪肉 *****

** B

**R*8*4*RASS | ARRAAA" &&&&D | TARRARON 1828PN 888 88TI 19=981-1982|2^2*9288||

1 2 9 8 8 8 8 8 8 -**----*-**----*--**

+

Per set å

1b.

12

28

each

10

if

19

3

Bb.

30

each 12

the growth of new industries. The Sheep's Head & Feet..per net 85 rubber industry had grown out of had developed enormously; cement recognition; the electrical industries had been reorganised, and new in-

w

"I

Heart

Kidneys Liver

Snet, Bepf

that were diverted to maintain produstries had grown round artificial Sucking Pigs, to order

silk, stainless steel, asbestos, and Mutton

The new some non-ferrous metais. industries had an advantage over the older-established industries be cause they had the newest methods of organisation. They had not been hampered by vested interests: and obsolete traditions.

are

of the world.

to

It

exchanges.

has made great sacrifices in order to settle the dis- turbing questions of inter-Allled debts and reparations.

Rationalisation.

M

Vexi

10

Bmuantes

I

No. 1.

Fish.

Barbel Bream

牛仔

"The example which they offer to Canton Fresh Water $797K the older industries is an example

Fish #12

Fresh Water

Yellow

Achievements of Industry. "It is only when the difficulties realised that the post-War achievements of British industry can be appreciated," added Pro-

"In the first place, of the advantages of rationalisa Cary fessor Clay. this country has preserved a sense

"The Catfish of responsibility towards the resttion," said Professor Clay.

It has not looked at rationalisation that British industry Codfish everything from the standpoint of needs and has begun to achieve is Crabs...... a merging of smaller Cattle Fish the narrowest national self-interest. not merely

into larger units, nor a reorganisa- Dab It has co-operated in every effort

tion of capital and writing down Dace restore the world to normal

of assets to a figure corresponding Dog Fish It led the way economic working. back to sound currencies and stable with their true value; nor the Intro Eels, Conger

.duction of scientific management, new equipment, or any other single improvement. The rationalisation Frogs that is needed, is a reorganisation Garoupa of each industry along the lines

Gudgeon that a critical and scientific ex- amination of that industry shows to be rational. To impose an identical organisation on different industries would be irrational, but Lobsters certain needs are common to the of a load of debt, the provision of depressed industries--the removal

new capital, larger units, more co- operation and a study of methods to discover the best. done is not altogether discouraging. Plaice

"That so much requires to be

We have leeway to make up, but the Pomfret, White fundamental advantages that made Pomfret, Black us prosperous before the War the quality of our population, the advantages of our geographical Rock Fish position, out world-wide connec tions, our long experience, will tell again when we have reorganised

Distributor's Handbook.

Tariff Barriers. "It has not followed the general All classes of Commercial Banking fashion of erecting new and in- superable barriers to trade, and, accounts having restored the gold standard, has not upset its working by taking a great part in the scramble for gold

Personal investment

Subscribed Capital Fra. 72,000,000.00 Paid-Up Capital...Fra, 68,400,000.00 Reserve Funds ....Fra 302,000,000.00 handled.

BRANCHES:

Hong Kong Quinton

Saigon

Bangkok Battambang - Huo

Mengtze Bbanghai

Nam Dinh Strepare

Canton Djibouti Neumes

Fort-Bayard

Thanhos Tientsin Tourane

Pondicherry Yunnanfu BANKERS:

Haiphong Peking Hankow Paam-hinh Vinh EZanot

IN FRANCE: Comptoir Nationst d'Escompte do Paris; Credit Lyonnais, Banque de Paris et des Pays-Bas; Credit Industrial at Commercial; So- ciete Generalo

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

Travellers the use of its "Travelers

in addition, the world-wide services

partment.

The Company offers to intending or hoarding unnecessary gold when Cheques and Letters of Credit and, it has got it.

"How long Great Britain will be of its thoroughly equipped Travel De-able to presist in this policy if the rest of the world persists in the opposite policy of obstructing trade and destroying confidence by con THE CHASE NATIONAL BANK stant tariff manipulation it is

dificult

The American to say. Senate and the Protectionist Gov- ernments of our own Dominions are

Afiliated with

Reguttrces Over G$2,500,000,000

E. W. DUGGAN,

Manager. much more likely to convert this country to Protection than any domestic advocates of that polley." British, Industry, Professor Clay added, showed remarkable

Ltd.: Comptoir National d'Escompte THE BANK OF TAIWAN, LTD.

do Faria; Credit Lyonnais.

IN NEW YORK: J. P. Morgan &

Co.; French American Banking Cor

poration; Guaranty Trust Co. of New .York.

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

(TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Imperial Charter. 1899,

Every description of Hanking and JAPAN-Tokyo, Tolmhams, Enbs, Osaka, Exchange Business transacted.

Safe Deposit Boxes to lat.

A. LECOT

Manager.

Hong Kong, 1st May, 1829.

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880. Capital (fully paid-up) You 100,000,000 Reserve Fund Yen 111,500,000

Head Office: YOKOHAMA. Branches and Agencies at:

Nagoya Newchwang New York

Alexandria

Batavia Bombay Buenos Aires

(Temporarily closed),

Calcutta

Canton

Changchun

Dairen (Dalay).

Osaka

Peking Rangoon

- Contesă, Bank in F'ermom. Bank-Notre mood Average amounen, 44,000,000 BRANCHES AND AGENCIES, FORMOSA Olesa. Magi, Karaok Imsiung, Marong Nante, Skipoliku. Tašoku, Tuluze, Tano Tamal, Town Hallo, Talia 041NA 1-Bhanghely Halow Amany, Foeshow,

Barstow, Canson. OTHERS

Big Hornberk, Batom

Bombay Loudon, New York Dre

LONDON BANKKES, The London Conaty Wosizinle and Puer's Bank.

The Bick as Correspundecis, in all tha, prần expal Commercial Caniese throughout the vand.

E. NAGURA,

- Manager. HONG KONG KRANOII;

EATORE' Band Contenă. Hong Kong, 1k Jazowy, 7038-

THE BANK OF CHINA. 行路 *

ad.

the use of them,"

Herrings Halibut Labrus Loach

Mackerel

Monk Fish Mullet

Oystars

Parrot Fish Perch Pike

Prawns Ray

Roach

Salmon Shark Skate Shrimpe Snapper

aptability and resilience in restor Mr. P. A Best managing director ing to normal peace-time employ- ment hundreds of thousands of of. James Skoolbred and Co., speak- Seles War-workers, Even more cred!ing at the Industrial Session on the Tench

subject of the Trade Press as a link Tarbot table was the way in which the ex-

THE BANK OF CANTON, LTD.

是肚、水

##

44—4¢¤ ¤ CƏMɑRAVEDERETGAGTAIVESSZEGENE

**IESSUNO ZEESEBQUEREDZIWISAEREOSEBITDEKHERS

11.

26

20

K

26

Snipe Pheasant Quail Partridges

Fruits.

***

Bananas (bride's)

Carambola

ន ន ៩៥ - អ៊ ៩៩៩ | | | | | | | |

⌘g ༅. | ཿ # ཞ | | | སྐྱུ ཋ ཐ གྷ ཏྲཱ |

ཙྪ དྷ ་ མྤ ཋ ཧྨ 7。 ། ། ། | " ཋ ལྷ | |

Coconuts

Lemons, Chisa

Từ cách 12

#1b,

Lemons (American) .. 金山排線 each 12

Lichers, Dried .................

Oranges (Canton)

Pears (Canton) *.........†

Peanuts

Oranges

荔枝干 b.

新會刮機:

#

烈

"

# 4

*

Persimmons, Large

*

枯

Plantain

"

༢ ༤༤ ིི་

ཚེ་

Pumelo, Siam Walnuts Gimpel

***

each 18-

## 16.

***

28

"

Vegetables, &c.

Articholes Beabs, Sprout

Long Best Root Bitter Squash Brinjals, Green

༢

each 12

Ib.

#

4

10

25

30

8

8

5

12

12

* 24

10

"

12

10

-Cabbage, Chinese ....

(Shanghai)

Cauliflower (Large) .. AMAIE each

Green

Carry Stuff, Engilah..

Cocumbers Garlic

Ginger, Young

Old

Horseradish, Shanghal Indian Carn

Water Chestnuts ........

Mushrooms. Fresh Okroes... Onions, Bombay

Green

སྲ ཡ ཡ ཞཱ ཋ མ ཨ ཻ་།ཀླ} | |ཥྭ ལྐ ཤཱ ཡཱཾ ཧ ཨཾ ཊུ ཿ}

竹本門類瓜瓜瓜菜菜笋花花花鲜菜于椒椒料瓜蓝 米染路踏器

W

#AR

SKEEKEJKRERZIARRHERUKHR KERUS EILEISU 頭頭菜薯仔仔仔柒頭菜跖榄菜

"

30

188 18 18 18 18 1

12

lb.

40

16

24

34

20

16

33

JI

34

16

#

Red

36

27

1

พ

32

P

35

17

+

N

Cane Shoots, bunch..

28

28

36

27

(Medium)

MEZIERE

40

18

N

(Small) ..

·

澤榮花

6

21

Carrots

lb.

14 $

85

B

Calery, Chinese

tr

.10

10

$

32

Chillies, Dried

辣椒干

30

25

5

32

8

Red

•

紅綠椒

28 10 10

J

05

30

ま

梵花椒

18

8 12

72

25

#

10.

R

28

30

ナラ

2

25

18

24

8

Ꭶ .

單

32

23

14 7

82

15

17

16

10

60

13

30.

8

52 02

24

46

36

21

Lettuce

# 1

26

20

10

уд

35

12

+

35

40

#7

28

0

12

1

30

16

8

"

34

A

6

34

29

38 96

30

32

46

Shanghai Parsley Potato, Sweet

t €

55

60

4

3

55,10

14

Japanese

日本麵

4

21

14

American

金山筆仔:

28

18

Pumpkin

34

10

Radish

56

86

BO

18

30

21

>>

10

Shallota Spinach

48

80

34

28

36

28

34

85

88

18 12

#

" $1.00

40

公斑.

魚魚魚魚脚

between manufacturer and distri-turtles, mali, fr. water butor, said the trade journal, as be understood it, is the wholesale sup-| plier's first line of approach to the retall distributor,

the campaign be undertaken in India. It medium through which the whole-If the Advertising Association could saler addresses the trade, and as send out to India a commission to the connecting link between the investigate it would be of very great

value. manufacturer and distributor, the 100,000

Trade Press performs its greatest and most useful firnction.

Established 1912. Head Ofice: Hong Kong.

£1,000,000

Autorived Capital Paid-Up Fund' QTSƏNSİZİ 19-449 Hear Fond isntaneamin', 1,000,000

DRANCHES

Cazion, Shangbil, Eapkow, · Swalow, Banglick, New York and Dan Franco

LONDON BAKKERS :—

The Lord's Rank, Limited,

COTHESPONDENTA ---

In all principai elles of the World,

Foreign change and bashing belnem of every discription treated

Sale Deposit Boxes (various sites) ai u yeaŋly:

rental of from 35 to $40.

LOOK POONG SHAN

Chief Manager Hong Kong, 14th May, 1930.

Reorganised October 26, 1928, under THE BANK OF EAST ASIA, LTD.

spécial charter of The National Goy

ernment as any

.

The cotton-trade had suffered a great deal from foreign compet!-

feel

to-

The reason la not far to seek, said tion, and what Lancashire felt to- Mr. Best, for the trade fournal is day, England would the distributor's handbook.

It is morrow,

Не

an Instrument of his trade. goes to it

to not only read the personal news of his trade, or even to keep himself in touch with the busi nese and financial news of his trade. Nowadays he demands much more than these things from the Trade Presé

MEXICO'S DEBT.

U.S. CONGRESS TO RATIFY

AGREEMENT...

| ២ ដ ឌ ដ ឌ ១ ធ្នូ ន ដ ឌ ឌ ន់ ឥ ធូ ឆ អ៊ ឌ ៖ ម ៖ ន ដ ល ។ ន ឌឌ ឌន ឡូ ឌ ឌ ទី ៩ “ គឺ ឌ ឌ ន គ

Mandarin.

Rhubarb (Fresh).

紅雞葡

Tomatoes Taros

Turnips, Panti (Long)

Vegetable MarTOW

Water Cress Water Lily Boos

CANTON'S BEEF.

TROUBLE OVER HIDES SURTAX.

BUTCHERS ANNOYED.

Canton, Saturday, As a protest against the recent surtax imposed by the Depart ment of Finance on cow-hides, which indirectly affects their pro fit, all those engaged in the busi- ness of slaughtering in Canton have refused to continue...

7

0

8

10 15

15

H.K. REALITY CO.

INTERIM DIVIDEND OF 30 CENTS PAYABLE.

The Board of Directors of the Hong Kong Realty and Trust Co. Ltd., announce that au intorim divi- dend of 30 cents per share, in res- pect of 1980, will be payable on Thursday, September 4, on which date Dividend warrants may be ob tained on. application at the Com pany's office, Exchange Building...... Unless some measures are de- The transfer books of the Company vised by the authorities to solve will be closed from Thursday, Mexico City; Saturday. the present situation, Canton is August 28, to Wednonday, Septem The Mexican Government has likely to have no beef for some, ber 8, during which no transfer He demands Information about Approved the debt agreement which days, as the tax imposed on lea- abares can be registered, merchandise, organisation, sales provides for a total debt of £102, ther and raw hides are such as to $10,000.000 manship, shop equipment, er 600,000 to be funded Into 208,300, make it impossible for the leather 1,750,000 chandising, advertising, and all000 in five per cent. bonds. There dealers and shoemakers to derive

those subjects and problems which will also be a substantial, reduction any profit from their industry. BRANCHES AND AGENCIES are part and parcel of a modern in Interest, the arrears, upon which, Failing to get the usual cus- shop, whether it be a great store on direct debt, approximate $40, toms from the shoe-makers, the or a small retail establishment 000,000. The Mexican Railway, Leather Dealers Guild has stop-

Singapore, Saturday. now insolvent, is to be reorganised ped all their purchases from the

The local Rubber Growern” and the Government's direct debt slaughter houses in Canton, with member of cut down to £58,400,000, being the result that all those engaged Association has replietl favouring addressing guaranteed by a lien on the Customs In the latter business are deprived by a large majority the proposals

section. Revenues,

of their main source of Income for an Anglo-Dutch Liaison Com-- The only recourse they may mittee to restrict production. adopt is to increase the price of Reuter. Toetseer beef to something like: 60 cents

HEAD OFFICE: HONG KONG. 10, Des Voeux Road Central, Hong Kong.

Authorized Gapital Paid-Up Capital 8,820,503.82 Reserve 347

INTERNATIONAL EXCHANGE

Rio de Janeiro:

Saigon

.:San Francisco

Subscribed Capital

*$25,000,000.00 }

Pald-Up Capital

.924,710,200.00,

Semarang

Reserve Funds

Shangliai

Fongtien (Mukden) Seattle

Hamburg

Harkow

Herbin

Hong Kong Honolulu

Kaf Yuen

Karachi

•Kobe

London

Los Angeles

Lyons

Mozilla

Nagasaki

shindonesel Singapore Seerabaya Sydney Tientsin

fock

HEAD OFFICE: SHANGHAL

5,000,000

Bombay Nagasaid HONG KONG. BRANCH: Calcutta New York eniarang 4, Queen's Road Central

Canton Osaka) ingapore Haiphong Farin Bourabaya

Seattle

$

Advertising in India.

Viscount Burnham):

the Simon Comm

Owing to) our numerous branches Honolulu Peiping

In China and farge,connections in the Kobe Penang Taipeh Important commercial centres, of the Kowloon Rangoon Tentain world, we are able to extend to our London Salrontott, Tokyo.za élored)

clients special facilities for domestic Mania Bhanghál Interest allowed or Current Ac and foreign banking and exchanged.

We niso handle the issue of Bonds H fixed perioda and other Publie Funds of the Chin

Dopo

at crater to be: btained on applica esa Government, both at-home and

SHOUCHEN

Correspo

rincipa

the National

said that

pect of

called: for: effort

such The agreement, which was sign- lares ed by the Finance Minister and Mr. that It Lamont, Chairman of the Interns

perative tional Comedies of Bankers, must

RUBBER OUTPUT.

SINGAPORE IN FAVOUR OF ·

RESTRICTION,

per catty, but as they are bound whereby they can overcome the the now be ratified by the United under contract to supply the re-difficulty but to suspend business. States Congress before it becomes staurants, ten houses, etc., at the The local authorities are now tak, Reuter American Ser, old price for at least anothering steps to solve the problem.....

month there is no other way Canton News Agency,

: