1930-08-27 — Page 2

Page

w.

2

HONG KONG AND SHANGHAI BANKING CORPORATION.

...................param.cm* Authorised Capital” ............. Preggo assh Fully Pabdup $90,000,000 Best Fund

Stering

Besette Lipality of Proprietes...... 13,000,000 HEAD OFFICE: 110xп KÖNI

AH OF DIRECTORS:.....

3. A. Puuuner. Reg.

Chakr

1000. M. & G. 8.- Markiz

Deputy Chilzen

., Freq.

1. Mr. J

A. 15. Complete Era, T. E, Pearce, Sea

Interent

8. Lander Lenín, Esq. PIL. 8. Show, Kaz

0. Mulia, Eg

AMOY

BANFROR DAJAYIA

BOMBAY

3. 15. Waren, Eng.

Chiel Maniere,

V: M. Graybuție, Exte

BRANCHES ——

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON.

Reserve Liability of Pro-

Paid-up Capital

Reserve Pend

£3,000,000 £1,000,000

prietors.....

.£3,000,000

'Agencies and Branchesi

KUALA LUMPUR

KEURING

ALOR STAB

May bales)

AMRITSAR

JYSHE KUK

BATAVIA BHAMBAY PALUITA BASTON SAWINPOILE

ALAISHAN

MANILA

MEDAN

• NEW YORK

VERING

1

PENANO

DAIRES (Tyy

Bancaria)

HTPHONG

PESHAWAR

SENABANO

STJANGILAU

TAPISI LEM,R)

FIENTSIN Tokyo

TANGRAIL (2) TSINGTAO

SAIGON

SERESIAS

LANJAN

HANKOW

SINGAPORE

LYONS

HARIN

NOURABAYA

MALAGICA

(S. Maschutbl

KONG

TAVBY

MANILA

VAPAUTTA

Arch

LOR

PANTON CHEROO

KARACHI

HAN

DAMIEN

BAUTONO

BAMBERG

HANKOW

BARIUS

2108

JUDE

ROBE

ROW LON

krana jyMeta

יד

MERDES NAGASAKI NEW YOUR PERPONG

PENANG

BANDOGS

AMON

SAN FRANCISCG SHAMURAL

SINGAPORE

- DANA TA

SUNGEI PATANI

TIESINS

YOKSSE

*HNOLO

ADROBLANA

Votavat Accounts upon i went Currency Depila femávid for one jest of shorter per fasad Coryphev kad sterling untermark with bo povied on applications Bond Bong key April, Jen,

HONG KONG SAVINGS BANK.

The Horn of the ghe Boukje erading. et bọr the BoNÀ -KÒNG AND S||AXOBAT BANKING CORPORATION, Kul may be obtained to myliențials.

FOR THE HONGKONG (AND MIAKORLAT BANKING CORPORATION,

¥3) GRAY BERN,

Hong Kong heb dues, FONAL

$ ME,

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

ĮSEMERLANUS TRADING SURETY

BANKERS,

Eslabished 1821.

FACEBOOK,1

Dàng Kong QMeet-4,, Queen's Road Centrale Authorised Capital Civilcers 150,000.Dor• Paid-Up Capital parkaggio (nikfork P00 (0,600.1701 Bewers Fund Guide 1,

Had Office1-AMSTERDAM” Tanter

(tent Oferi-BATAVIA,, BRANCHES :-- Bandatymasin. Bondaragt. Bettybay,

Patents, Elezilo, Pragnier, Kapla jakarlet, De Magnet, Jeddub, Kale, Buta-Hindiju. Makuamur, Media, Prana Polerobarin, Pekaloofnu. Petra, Postick

itattersmit Shaghut, holst Bugh

Squad, Sherakarta (Solo), Figst, Tillajen sad Weltevredry".

Samarug*,

* These offers bara sala deprit koos ja lot. Lukas Bakera seNutinual. Provincial Bak Tad

Correspondents all mer, the Nadal

Banking busignan of acety sloweription Transattel.

A. STOKRISK,

Aeting Manag

Hong Kong, Tag Aug, 1984,

BANQUE DE L'INDO-CHINE

HEAD OFFICE:

96, Boulevard Hausumann, Paris.

Subscribed Capital Fra. 72,000,000,00 Paid-Up Capital ...Fra. 68,400,000.00 Reserve Funds ....F

....Fr. 102,000,000.00 BRANCHES: Bangkok Hong Kung Quinhon Battambang

Ние

Salgon Cantho

Shanghai Mengtze Canton Nam-Diah Singapore Djíbuati' Nennies Thanhea Fort-Bayard Papeete Tientsin Haiphong T'eking

Hankow Hanoi

Tourane

Pnom Penh 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. elete Generate.

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

KATIE

KEPALA KANGSAR

1 PMKO

YOKOHAMA ZAMBOANGA

Phillplan

Foreign Exchange and General Bankingness transacted.

Current Asspints opened and Pix.

ed Deposits received for your or which will shorter periods at rates be quoted on application.

A. H. FERGUSON,

Hong Kong, 8th January, 1929.

THE CHINA MAIL.

Commerce and Finance

SUGAR PRODUCTION BIG CHANGES IN BANK

CRISIS IN U.S.

Strong. Opposition, to Plan for Limitation.

-DISPOSING OF THE SURPLUS.

New York, Yesterday. Senator Gutierrez, on behalf of Cuba, has offered to limit sugar production for five years, providing the United States, Porte Rico, Hawail, and the Philippines follow suit. Under this plan, Cuban ex- ports to the United States in 1931 will be 2,800,000 long tons, which

will be the basic figure for the fol- Manager lowing four years.

Height of Folly, Senator Burguieres, on behalf of

RETURN.

Records at Bankers' Clearing House.

:

As befitting the return covering

HONG

WEDNESDAY AUGUST 27, 1930.

KONG MARKET PRODUCE.

APPROXIMATE RETAIL PRICES.

lb.

Aug. 22, June, June,

1030. 1918, 1914.

Cto. Ct. Ct.

20

Chicken Capons, Small Capons, Large Duck...

Dores

Eggs, Hen (cooking)..

Eggs, Hen (Irish)

Butcher Meat.

Beef Strictn,

Prime Cut

赣

+

Corned

Boast

Breast

**

h

Soup

Stoak

Steak Sirloin ...

Sausages *******

#

Tongus, frosta «.

"

the end of the half-year, the weekly BaHock's Brains ..... statement of the Bank of England published on July 3, reveals very substantial changes in various items, says # Financial Times Owing to a cer- special article.

tain amount of overlapping, it is impossible to discover certain Tactors-as, for example, the extent

Tongue, corned Head

Heart.......

Hump, Salt

L

te

糖

Feet

Kidseys

M

クラ

+

Liver

Tripe ...

of market borrowings at the centrul Caires' Head & Feet institution. Discounts and ad. Mutton Chop ... yances, the item which market borrowers,

THE HO HONG BARK, LTD. the American Sugar Cane League 14,017,659 higher at £29,916,820.rig's Chitlings

(Established 1917.)

CAPITAL:

Authorised Hasted

Paid-un

Reservo

Linblities

of Shareholders Surplus

4,000,000 2,526,000

reflects H is actually

Leg

"

Shoulder Saddle

2

includes, of

11

Brains Feet

+

Fry

#

Head

Heart

"

Kidneys

Liver

N

K

says that the larger sugar concerna

the return in Louisiana uniformly oppose the but proposal and declares: "It would course, two days' repayments of Straits $20,000,000 be the height of fully for us to indebtedness to the central institu-

curtail pro- 8,000,000 enter an agreement

As the corresponding return 4,000,000 duction, inasmuch as we produce tien.

only half of what we consume. Let | for 1929 included three days' repay- Cuba, Java, India, and the other ments, and this item stood at £62,- countries producing more they consume solve for themselves 21,000 on July 8 last year, it is Park-Chop the problem of disposing of the safe to assume (as was generally surplus."-Reuter's American Ser- belleved) that Lombard Street did vice.

not seek assistance at the bank to anything like the same extent as it did a year ago..

HEAD OFFICE:-SINGAPORE.

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

Evers description of Banking and Exchange business trahsacled.

TAN ENG HOOI.

THE

Biangger.

AMERICAN EXPRESS COMPANY,

than

THE BANK OF CANTON, LTD. Established 1912.

י'.

Head Office: Hong Kong.

Authorised Capital II.K. Curency) '$11,ung,000 Paid-Up Capital

8,065,00 Harry Frid

1,00,000

BRANCHES :— Canton, Shanghai lankow, Swalow, Bangkok, Sew York nod Gan Francisco

LONDON BANKERS-

The Loyd's Bank. Limited. COUESPONDENTS

principi elties of the World.

Foreign exchange and banking busine of every devriptios transacted.

•Safe Deposit Boxes (rezinum alzee) at a gently tental of Com

LOOK POONG SHAN.

INC.

Head Othee: 65, Broadway, New York.

Capital Surplus Reserves

.U.S.$0,000,000

‚0,5.$1,572,464

.U.S.$1,008,209

1

BRANCHES:

Amsterdam Antwerk

Now J

Kiw Single

J

heus

Chief Manager. Hong Kong, 141 May, 1930.

1

Hi

Bombe

Je

HEYT Interkun Jerusalens Lide

R

Iching I'l

.

interdi Burne

But in Cairo Eleut

Leat Igr

nxr

roui Sungl

''

Iwaar

Colom

· Surveilles

Monte Cacio

Copanlinger Einbet

Munich

Streux alian

Comarafikkort),

Cena ya

tleורן

Southampton Яндарете M. Morits.

Trentin

Vionn

ураса Yokohama Varrich

Branches of American Express Company in Principal cities of Unit

States of America and Canada,

All classes of Commercial Banking Transactions undertaken.

Personal investment |kanujed,

"

Log

Loin

"

10

Fat or 'Lard

Sheep's Head & Feet..

Heart

"

t

Kidneys....er

Liver

of

+

Sucking Pig, to order Saet, Beef

Mutton

++

Veal

"

Sausages

14

*

H

No. 1

Fish.

Other deposits, with a rise

the largest £22,477,951. showa change in any item, the contribution of bankers' deposits,.or market re- sources, to this increase being £20,- the fact 629,024. Here again, that the return covers four days' on which the market borrowed at the bank, two days on which repay. ments were made, and the colossal Barbel ... interest and dividend disburse Breat

ments of July 1. makes it

possible to trace true movements.

im Canton Fresh Water

It was only to be expected that Carp the reserve item would reveal a sub-Catfish stantial decline, the actual fall be- Codfish

THE BANK OF EAST ASIA, LTD. ing £5,051,131 in the note cir- Crabe

BEAD OFFICE: HONG KONG,

10, Des Voeux Road Central.. ·

Hong Kong. Authorised Capital .... Paid-Up Capital Reserve ...

•

4

牛中

E REZRSERBEESOFRECEZBECHK$ERTEOKSEEBARSK£$*$2,

牛羊羊羊羊猪猪猪猪猪猪羊 羊羊牛乳盤牛牛

鲜

4

#

»

"

"

per zet 15

each 65

#

$1.00.

--$1.20

"

Poultry,

Fowls, Canton

.

20

Fowls, Hainan

Geese

Pigeons, Canton

Hollow

1.

14

Turkey, Cock Turkeys, Hon

Snipe...

"

uach 10

10

F

15

H

Ib.

10

set $1,20 $1.80 $1,00

lb.

#r

ROBASHAGKANGSPAGIGE.*82*8E-8 RAHACNKÊ | 88

鞍肉

#

Per sot 8

ib.

牛羊仔仔

Flah 璀您

"

Fresh Water Yellow

culation, the difference being made Cattle Fist up. by a net loss of £545,282 from Bab mellallic reserves consequent upon Daca the revival of French withdrawals | Dog Fish-

The ratló to deposit Sels, Conger $10,000,000 of gold.

5,000,000 liabilities is down by 8.7 der cont. 1,750,00

to 40.0 per cent." BRANCHES AND AGENCIES:-

Set against the orresponding Froga Melbourne Batavia

San Francisco Seattle

return for 1929, last week's state, Garoupa Bombay Nagasaki

ment makes favourable comparison Gudgeon Calcutta New York Semarang

in so far as the technical position is Herrings concerned.

The reserve item is still £7,000,000 more and the ratio

Labrus 7.0 per cent higher than the re-

Lonch spective levels at July 3, 1929, in

Lobsters spite of the heavy falls of last week.

Mackeral

Haiphong Paris Ganton Osaka

Honolulu Peipine Kobe

Penang accounts Kowloon Rangoon

London Saizon Manila Shanghai.

The Company offers to intending Travellers the use of its "Travelers | Cheques" and Letters of Credit and, in addition, the world-wide services of its thoroughly equipped, Travel De Partment.

Afiliated with

THE CHASE NATIONAL BANK Resources Over. G$2,500,000,000

EW. DUGGAN,

Manager.

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

de Paris; Credit Lyonnais.

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

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

Every description of Banking and Exchange Business transacted.

Safe Deposit Boxes to let.

A. LECOT,

Manager.

Hong Kong, 1st May, 1929.

(TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formosa. Incorporated by Special Imperial Charter, 1899.

Back-old SAND LUENCIES: Forkosaan, Earl, Katanko

Central Bank la Parmon

Kotmal weg. 48,000.00 JAPAN-To: Combs, Kobe, Omka

Meroor. House Bikhobiku, Taišku, Talian. „„Takso, Tammul, Tom, Beco TN30% OutNabel, Hanowa Fosckow;

Helen, Casto OTHERS Hong Son Singapore, Beribaja.

Bemers Farm Bombay, Ca144 London, Tok Dalam The Lados Dosely Heatlier to Parts Bask. ZORDEN DANKEBS:

THE YOKOHAMA SPECIE BANK, TM Bank has comprades is all the pric

LIMITED.

Eatablished 1880.

濉

Capital (fully paid-up) Yen 100,000,000

Reserve Fund...en 111,500,000

Nagoya Newchwang Now York Овека

Head Office:-YOKOHAMA, Branches and Ageħelen at: Alexandria Batavia Bombay Buenos Aires

(Temporarily closed). Calcutta Canton

Changchun

Dairen (Dalhy) |

Peking

Rangoon Rio de Janeiro. Shigon San Francisco-

Fengtien (Mukden) Beattie

Hamburg

Hankow

Harbin Hong Kong Honolulu

Kai Yuen Karachi Kobe London

Los Angeles Lyone?"

Sertarang

Shapekol

Shimonoseki

Singapore Soerabaya Sydney

Tientsin

Tokyo

Trinaotu Talagtan Vladivostock

(Temporarili

· Manila: Nagunk

Interest allowed or Cntrent: "Ac-

counts:

Deposits received for fixed periods

akgal Comparezal önsten Komugiosa Cha wielka

домо како РЕДИСК

1. NAGURA

$ 200. Viss bowl Omusi

Hong Kong 10 Fauskey, 1990.

THE BANK OF CHINA,

BANK..

Singapore

Sourabaya Sydney Talpeb

Tientsin Tokyo

In Correspondents cities of the world.

all principal Every description of Banking and Exchange business transacted. Loans granted on anproved securities.

SAFE DEPOSIT BOXES to let

KAN TONG PO,

Chief Manager.

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE:

15, Grezzuurch Street, London E.C.A. Authorised Capital....£3,000,000 Subscribed Capital 1,800,000 Paid-up Cosital ...... 1,050,000 Reserve Fund and Rest 1,046,500 BANKERS, The Bank of England & Midland Bank. Lid. HRANCHES,

Tangkak

Tlalavin

Donly

| Calella

Colombo

Dallit Gall Fiang Kont Howzal

Tpch Kandy Karachl Kota Har

New York Fe

Port Loula

(Mauritium) Has good Aksoghai Himi Kuantan (Palang) Slugapore Madrat

Hourabaya

Kumia Kral

Kuala Lipia

Kuala Lumpur

HONG KONG BRANCH. Every description of Banking and Exchangs bust

new transacted.

TeaTeller Chase Innued.

Trustee and Executorships under

taken.

Pized Deposile at Bales that may be ascertslu

INTEREST allowed on Current Accounts and on application.

F. THOROUGOOD,

Acting Manager.

7. Queen's Rond Central.

Hong Kong, 10th April, 1980.

UNCLAIMED TELEGRAMS.

THE GREAT NORTHERN TELEGRAPH CO., LTD. OF DENMARK,

Den

The following unclaimed tele Roofgnaised October 26, 1928, under giam la lying at the office of special charter of The National Gov the Great Northern Telegraph ernment as an

Company. (Limited) of INTERNATIONAL EXCHANGE mark:

Yamaguchi, from Osaka.

E. V. JESSEN,

Hong Kong, August 27, 1930.

THE EASTERN EXTENSION AUSTRALASIA & CHINA TELEGRAPH CO, LTD.

Subscribed Capital...$25,000,000.00 Falt-Up Capital $24,710,200.00 Reserve Funds,

$3,820,508.82

HEAD OFFICE: SHANGHAT.

HONG KONG BRANCH:

4. Qucen's Road Central

Owing

to' our numerous; branches

In China and 1szge connections in the Important commercial centres of the world, wo are able to extend to our clients special facilities for domestic and foreign banking and exchanged

We also handio “the lasue of Bonds and ullip Poble Funds of the Chiz

Superintendent

The following unclaimed Lele grams are lying at the E.E. Tele graph Co. Office, Hong Kong

Annie Ling, Hong Kong Hotel, from Honolulu,

at vales to bo dotained on applicats sap^ Government; both at hanse and from kacao, he

BOU) CHEN,

#1980,

Manager

Eastmart, from Cradleyheath, Fernandes, 100, Nathan Road,

8. LACK Ce - Superintendant, Hong Kong Audit 21, 1935.

Hallbut

Futhermore, the total gold holdings Moak Fish are £1,522,000 in excess of their

Muhet level nt the corresponding date a

Oysters year ago.

Record Clearings.. The enormous amount

Porrot Fah

Forch

of work Pike falling to the lot of the Bankers' Plaice

Clearing House at the half-yen: Pomfret, White

is further demonstrated by the Pomfret, Black

figures in the return issued recent-Prawns

Furthermore, the figures re-Ray

ly

flect the immensity of the turnover Rock Fish of funds which takes place on Rosch occasions such, as these. Total Balmon clearings attained a new high re-Shark cord for any week at £1,121,183,000, Skate an increase of £4,088,000 over the Shrimps corresponding week of 1928. Men-snapper day's clearings at £282,157,000 ex-Soles tablished a fresh high record for Tanch any one day.

Turbot

K

each 14

ib.

per net 85

Ge-nddd a Hang-SHADERAREGELSZ VSE SE SE TA TAK RES 热鷸城嘅無捌鳘魚 黃織田石白蟻無貢息就在老婆黯獅頭花班白船撈髦石沙希蝦立赫尤左 公班 油

路肚 水

STABILISATION

EMPLOYMENT.

This new record is due entirely Tarties. mali, ft. water to the town clearings, which reach. ed £1,027,120,000 for the week and £266,801,000 on Monday. Actually both metropolitan clearings and country cheque clearings are near- ly £11,000,000 less than they were for the corresponding week of last year, so that the importance and eminence of London as a clearing. centre Is amply demonstrated. Lombard Street and Treasury opera tions are mainly responsible for this and a contributory factor this half-year-end has been undoubtedly

4494B

OF

Experiments Made in the United States.

oach 12

#

ib.

Ib.

JJ

Experiments in stabilising em-

+

*

2

10,

-***82988881-****27811! 1621919°281812898&ll ****92388-88 | 28AARA,” 8*** || 1928898* | 678-8888 | |

. 10

16 24

20 16

16

198 PERC 1-8882892*68*~.-8.****a88888882|

19998*9999*¤aZ8288882**********

** *****N2 ÷ 8 Z88 @e⠀⠀ MENCH: S:808-CHU NAK B & R 9 * * 8 **

རྒྱུ རྨ ཎཱ བོ གྷ་རྟ་རྐ་བ་རྔུ་

Pheasant

は

Aug. 22, June, June,

30

1930. 1918. 1914.

Cla. Cts. Cla

16. 08 30 31

60 28

.04

30

38. 22 21

each 40 722- 21

nor doz: 32

35 է յ

** Ib..

70

新鮮鵝蛋

Quall Partridges

Fruits.

Bananas (bride's)

Carambola

#

**

88 ZKKBA- ##KIGBE?

「口烧烤

40

ខន ឌ≠កនន់ខ្លួន គឺ !

JJ

60

40

each 40

"

26

៩ គឺ ឌ ន គ គ ន គ ឌ≡ | |

+lb. 76

60 P

each

pair

each

! ! |

| | |

35

24

20

·24

24

24

Almonds

£ 16.

Apples (California)

金山羿裏

36

**

19

8

褐桃

22 12

10 10

## 11.

12 25

30

each 12

Coconuta

Lemona, China

Lemons (American)

Peanuts

Plantain

# each '14

链

བྷྲ ཀླི vལུ ལྷ གླ°g | } } ཋ སྒྱུ ° ལྡ }

18

-

41

74

花

生

10 14

12

辅

16

12

15

8

J

12

G

Lichees, Dried .......

荔枝干JD 80 25 30

Oranges (Canton) ......FATE Orangos

Pears (Canton) ...... *

Persimmons, Large

Pumelo, Slam

Walnuts

Grapes

**

3 đã làm cách 14

Vegetables, &c.

Artichokes Beans. Sprout

לו

Long

16. 18

***

60

"

each 12

jb.

Б

.8

8

24

26 Б

each

PINI

椰榮花:

Ib.

塘奧女

10

10

辣椒干

紅辣椒

21

26 10 10

杏花椒

16 8 12

"

8 10

8 2

8 6

14

7

17

10

Beet Root

Bitter Squash Brinjals, Green

Red ....

Cabbage, Chinese

(Shanghai).

Cano Shoots, banch

Cauliflower (Large) ». Kis

Carrots

(Medium)

(Small) ..

Celery, Chinese

Chillies, Dried

Red

Curry Staff English.. HUNE

Ginger, Young

Old

Horseradish, Shanghai Indian Cora...

Water Chestnuts

♫

Mandario.

Mushrooms, Fresh .......

Okroes ....

Onions, Bombay

##

Lettuce

Green

竹菜号蜓瓜瓜瓜菜菜笋花花花爭媯干椒椒榨瓜頭套 米染踏踏 頭頭菜仔仔瓜仔菜頭菜茹道梅菜

2:

נו

**22*919. 1982 NONE;

16. 17

23 26

23 18

20

10

10

26

32

40

-30

Cucumbers

"

Gar".

13

23

15

32

32

20

20

13

14

30 15

16

Green

生

遽

26. 29

Shanghal

上海頭

6

30

30

36

Parsley Potato, Sweet

F

50

60

Б a

13

Japanese

日本精仔

8

*

14

American

다

金山薯仔

5

Radian

N

紅街仔

84

10

10

46

32. 20

"

"

#t

*

D

"J

"

iR

20

80

Pumpkin

Rhubarb (Fresh)

Shallota Spinach Tomatoes Tares

Turnipi, Punti (Long) Vegetable MarrUW **** Water. Creas .....

Water Lily Rock

40

12

12

氆

7

8

16

#

15

were em-

demand. Probable sales are estimately 550,000 workers mated a year in advance, and output ployed regularly on this basis. distributed evenly over the Likewise, the 'elastic work day' has twelve-month period. Manufacture enabled management to adjust the to stock is made possible through hours of work to the necessary rate standardisation of product and ade- of activity without loss of employees, quate storage facilities, and the Central employment systems to excess production in one period js | transfer labourers from one depart- stored against an anticipated in- ment to another or from one job to crease in demand.

another during periods of recession "By this method one large soap have tended to stabilise employment the huge turnover in gilt-edged ployment through management con- manufacturer, for example, has been in many Industries, while training securities on the Stock Exchange. trol promise a solution to one of the able to guarantee year-round em- for versatility has enabled several ployment to some 10,000 workers, companies to retain their full staff In spite of the revelations that most vexing of modern economie and during the eight years that the during seasonal or cyclical depres: the Spanish Government is taking problems, according to The Index, plan has been effective the average definits steps at last to stabiilan 'the

"It is not to be assumed, of currency, the peseta underwent published by the New York Trust variation between production and sharp fluctuations on Jaly 3 and Company. Even à temporary cur shipment has been reduced to less course, that methods for employ

ment stabilisation in one Industry than 0.6 per cent. closed at a depreciated level. The tollment of aggregate wages may

can necessarily be applied to an- Five-Day Week Helps, foreign exchange market has heard affect the economic status of the

other, but by constant experiment so often before of stabilisation that

"Another method for regularising each industry should be able to

alon

it awaits full details of the means country to an important degres," plant operation is diversification of arrive at a scientific solution of its which are to be taken to achieve the review states. "The American output. A large manufacturer of particular labour problems; and by a much-deafred object. Untul such Federation of Labour estimates that farm implements, originally produc sustaining the income of a large means are revealed, the Madrid rate the United States Jost $1,000,000,000. Ing three harvesting machines, portion of the consuming popula fs likely to fluctunts considerably.

gradually levelled the seasonal de tion, should benefit both Itself and There were other sharp move of buying power through unemploymand for his output by expanding it the economic status of the country. ments in currencies yesterday, ment during the first quarter of so as to include more than 60 addi-

at large." Sterling made considerable head-1930. "While the Government is tional implements used during all way on New York and the French endeavouring to relleve unemploy periods of the year. Periodic re franca weakened, but these move

cessions have likewise been reduced menta are not to be trusted too far.ment through Federal building pro- by encouraging off-season purchases The Argentide dollar Improved to grammes and the collection of through Intensive advertising, lower 400, at one time and finished statistics, Industry has adopted men- prices or special concessions.

The total output of the Kallan gd, better on balence at 40 0-82d. ■ures on its own account to balance "Outside the manufacturing in- Mining "Administration's mines for It was reported that short-term labour needs through more efficient, dustries, the five-day week has the week ending August D, 1080, cradit of $40,000,000, has been ar- planning of operations. One of the helped to maintain a relatively high amounted to 101,025 tons, and the ranged in New York to run for a hases of reform has been a closer rate of employment in the balding | sales during the period to 61,727 period, of alk, montar

adjustment- of production to market, trades. At the end of 1929 approxi- |-tons.

· KAILAN MINES.-