1930-09-04 — Page 2

Page

HONG KONG AND SHANGHAI BANKING CORPORATION.

$50,000,0

Authored Capital qu freund' and Filly. Peidup ko....|$20,000,000 Reserva Funde-

Sterling

Niva

1,303,000

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

ÚEAD OFFICE: LONDON. Paid-up Capital

Reserve Fund

£3,000,000 £4,000,000

Reserve Linbility of Pro-

prietara

...£3,000,000

Agencies and Branches:

KUALA LUMPUR

(talay States)

KUCHING

AMRITSAR

MADRAS

MANILA

MEDIAN

ALOU STAR

Huerra, Llability of Proprietare + $20,000,000

HEAD OPPIGHT RONG KONG,--**

BOARD OF DIRECTORS –

J. A. Phatomer, Esq.

Chairman

ilon. . . . B. Muckin.

W. It w

Deputy Chari

Hon. Mr. J. J. Pietron

. Compton, Era. T. b. Puares, „Exq

Lardy Swiù,"‚„Eng. T. 11. Ht. Bhaw, Eaq.

6. Miskin, Ext

Chicago.

V. 3. Graybản, “Exq

BRANCHES:-

LONDON

BAMIKOR.

BATAVIA

KETAY

CALCUTTA

CANTON

A.

AMOV

BASOSOK NATAVIA

WOMHAY

CAILUTTA

CANTON

CHEFIRO

VULUBIE

DAIRES

TACHOW HAIPHONO HAMBORG BANKOW

HARIN

LONGREW -

ILOILO

SUBTHLE

SOBE

KOWLOON

RUALA LUMPER

J. T. Warton, Eig.

ITOSS

MALACCA

MANILA

SIRAN (Jubaru)

MERDEN

NAGASAKI

NEW YORK

PEITINO PENAND HANGGON

SAIGON

NAS FRANCISCO

SHANGHAL

SINGARGE

DURABAYA

BUSUR PATANI

THESTSIN

TOKYO

TSINUTAO

YOKOHAMA

Kamal Arcentils opened meat Currency a take bepari Tereerd tar puo year or starts pels Teen Carret and liat

ich will be qued patio.

Bong. 1 April, 20

مجھے

HONG KONG SAVINGS BANK.

The Thumbtons of itu mene Mix 2 conduct

by the HONG KONG AND SHANGHAI BANKING CORPORATION, to may be ablamed application.

YOU THE HOSGROM AND, SHANOHAV BANKING CONFORATION,

Y. MGNAZAGUN,

Chief Manager.

g Kong, 3615 July, 100.

NEDERLANDSCHE HANDEL.

MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY)

I

BANKERS,

Fatebilshes 12) Long Kang Offer:11, Queen's Road Central. Authored, Capludujdes 161,DU DOC {212,000. Paid Capital Guilder 50,000,000 Betty Fund (huilder 40,015,000

~Head-t}MoeTARNJENDA ŽI

(4,254,500)

Extern fired Offer:~BATAVIA, GRANCHES :-kandjertnasit, “Bandoeng", Dombey,

Calella, Cloelen, Djingbar. Bjok jakarta", The Ifsque", Sediak, Kobe, Kota-Hulja, Makassar, Medan, Poling Palembang.kalongan. Penang, Purlinnak, Bungan, flutterdamų“, Streng Xhonelini, Siikala (male). Kisgepare, Somentin, Soerskorta solm, Tegal, Tilejsp and Weltevreden",

• The offer bara ante deponi? “boxen ta let, London Flankers --National Printist flerek Ltd.

Carrespondents all over thin warld

Banking in of evry description natted.

A. TOKKINK,

Aeting Matern

lang Hong, 1812 August, DENİ

BANQUE DE L'INDO-CHINE

HEAD OFFICE:

$6, Boulevard Haussmann, Paris.

CAWNPORE

CKBL

COLOMBO

DABBEN (Dalay

South Sauchiria)

DELRI

HAJHURO

RALPHONG

HANKOW

(N. Manchurial

taka kusa

ILOSLO

HARBIN

fron

KARACHI

KLAND

RODE

KUALA KANGSAR

(Perak P.M.R.1

KEW YORK

EEKING

PENANG

LATOON

PESHAWAH BANUDON

BESARANG

SEREMBAN

SHANGHAI

SINGAPORE

SAURABAYA TAIPING (73.S.) TAVOY

TIRNISIN TOKYO TONGKAH (Bhuket) TSINGTAO YOKOHAMA ZAMBOANGA

Philippine lande)

Foreign Exchange and General

Flanking business transacted,

Current Accounts opened and Fix- e Deposits precived for 1 year or which will

shorter periods at rates be quoted on application.;"

A. IL FERGUSON,

Manager. Hong Kong, 8th January, 1929.

FINANCE OF INDUSTRY.

THE CHINA MAIL.

and

Commerce

Finance

Provision of New Capital.

Negotiations are still proceeding for the formation of a £6,000,000 company to provide money for in dustry.

Mr. Montagu Norman, chairman

banks and issuing houses.

"TARIFFS OF A.D. 15.

COLCHESTER EXCAVATIONS” ·

REVELATIONS.

Shakespeare's patriotic picture of the splendour of Cymbeline has been largely supported by the labours of archaeologists. after three weeks' excavations! at Col- chester on 'the alte of Camalo-

MR. J. H. THOMAS ON EMPIRE TRADE.

No Solution by Mere Phrases."

The subject of Empire trade' and the, bankers' déclaration was referred to on July 11 by Mr. J. H. Thomas. Secretary for the Dominions, addressing a meeting of the railwaymen in connection with the National Union of Rafi- waymen Conference at West Hartlepool.

"It would be idle," he said, "to deny that, viewed either from the standpoint of the Government or from that of any political Party;

no one could be sutisfled or com

of the Bank of England, has ad-dunum, the capital of Cymbeline tortable with the present state of dressed a letter on the subject to and the first city in Englaad. affairs. But, bad as they see o

where the discoveries

have re-

greater mistake could be made, reated a more highly organise than for the nation to get into a community than had been gen-state of panic. The first question we must ask ourselves is: Is the erally recognised

-present -position in-this-country fore-tho-Roman-conquest.

worse than in any other country,

The Financial Times is official- ly informed by the Bank of Eng- land that "the reports which have appeared in the Press regarding the formation of a company to be known as the Bankers Indus- tría! Development Company are premature and in some respects in-

THE NO HONG BANK, LTD. correct.

Authorised

Issued

(Established 1917.)

CAPITALI

Prid-ap、、、

Reserve Liabilities of Shareholders. Surplus

"

"Negotiations are proceeding and an official announcement will be made in due course."

as existing be

The excavations were under-

taken by the Colchester-Excava tions Committee, representing local interests and the principal learned bodies in England. Work has proceeded

A part of Sheepen Farm which, in the time of Cymbeline, was ↑ thickly populated area not inhabited by the upper classes. It is thus evi- dent that Roman luxuries not confined to the king and

nobles.

were

The houses appear to have been constructed of timber with earth

Straits $20,000,000 It is understood that & com- tounication regarding the propos 8,000,000 4,000,000

ed company Was received on of the joint 4,000,000 April 2 by certair. 2,520,000 stock banks and issuing houses. It was marked private and was signed by Mr. Montagu Norman,, Governor of the Bank of England. or clay floors. But there are also was of a pit dwellings dating from about The communication

the beginning of the Christian tentative nature, but there is rea-.

in- son to believe that the essential era, whose primitive nature points are these: The capital is dicates considerable advance in to be £6,000,000 divided into 45 civilisation between the founda- "A" shares and 15 "B" shares of tion of the city and the kingdom

of Cymbeline. £100,000 each.

-HEAD OFFICE:-SINGAPORE. Branches, Agencies and Correspon dents in the principal cities of the workt

Every description of Banking and Exchange business transacted,

TAN ENG 1001,

THE

Manager.

AMERICAN EXPRESS COMPANY, INC.

Head Office: 65, Broadway, New York.

Capital Surplus

Reserves

Amsterdam Antwerp

Athom

U.S.$6,000,000 U.S.$1,672,454 .U.S.$1.008,200

BRANCHES:-.

Ucon

Nirn hapter

JINTAN

MECHA

Chili

Alienture Havow

Tetang

linxxii L

Interlakan

Leking

Homlax Brete Drumeir Junace Alre L'a.ro Caiquita

Polarme

Kotlerdam Kyne

Rambou!

ki

Colomba

Jerusalem Ikio

Andon Jáverpool Luentos ingano

प

Regional Advisory Councils.

Extensive Trado

and if so, why?"

The first answer he could give, continued Mr. Thomas, was that he would challenge anyone to say that any other nation, viewed from! the standpoint, of security, of capital, of social service, or of future potentialities, was in af better condition than our own.

He desired to make that plain. to a gathering of railwaymen, ba cause it must never be forgotten that the backbone of their move- ment. and. Indeed, the future of

the Labour Government, were the trade unionists of the country.

But fortunately they realised that the Government could not and must not act in the section interest of any one member of the community: In that connection he was delighted to find that such a deep interest was taken in the possibilities of the Empire. They had had a very strong and able pronouncement, after investigation the Trades Union Congress, regarding the possibilities of Em- They had had the pire Trade. bunkers' declaration, and they had. now been favoured with what was called a document issued by the business interests of the country.

by

Hundreds of vessels of native The "A" shares are to be taken

many up by the banks and issuing tottery have been found, houses while the Securities Man- of them of finer workmanship ngement Trust, which was formed than those of the Roman period. last November under the auspices of the Bank of England will sub-

Trade with all parts of the scribe for the "B" shares.

The two classes of shares will Western Empire was highly deve- carry-different-voting powers-and-loped. There was an extensive the ratio of their rights in this traffic in wine and olive oil from and the Mediterranean, respect is at present a matter of Gual

His first comment, therefore, while at the same time Britain discussion.

was being fooded with pottery said Mr. Thomas, would be a and bronze ware from Italy, Gaul, warning not to expect too much There has even immediately. The Imperial Con- It is proposed that, regional ad- and the Rhine. visory counciis should be estab-been identified à particular brand fereace, which would be held in a lished in different parts of the of pottery which was manufer- few months, would explore every country which would advise the tured as far afield as Arrezzo, phase of the Empire economic Board regarding Industrial re-and enjoyed a considerable vogue position, but if It was to be as- Aumed that we could, merely by quirements in their respective in the time of Augustus. nrens. Further, with the view to

a declaration of words, solve this "It is evident," one of the ex- utilising the best brains in the cavating staff stated, that Bri- problem, it was paying with fects. Branches of American Express kingdom, invitations are to be ex-tain was the victim of extensive The trade we wore doing with Company in Principal cities of Unit-tended to economists to approach cumping by enterprising manu- the Empire

noti was obviously ed States of America and Canada.

the Board with any suggestions facturers in search of new enough, as judged by the unem- markets. There was no tariff on ployed figures at this moment, All classes of Commercial Banking they have to submit. Transactions undertaken.

The rationalisation of industry. foreign imports to Britain, but and therefore, what we had to do no agree- for which object the company is the historian Strabo, writing in first was to see that being formed, will call for a vast A.D. 15, tells us that British trad- ment was made which would ad-) amount of new money, and it iacra were the severely handicap-versely affect the balance of trade with the rest of the world. The Company offers to intending thought that the Bankers' Indus- ped by a high tariff on their ex-

That much could be done he was Travellers the use of its "Travelers trial Development Company will ports to Gaul Cheques" and Letters of Credit and,

certain but the question must be In addition, the world-wide services

It examined in all its aspects. ef its thoroughly equipped Travel De- partment.

would not be solved by the use

Construmple Copenbarer Edinburgh Florence Cenara

De

Maramillon

Monto Cerla Manila

Munich'

Montreux

Milan

Personal investment

Subscribed Capital Frs. 72,000,000.00 Paid-Up Capital...Frs. 38,400,000.00 handled. Reserve Funds ....F75..32,000,000.00

Bangkok

Battambang Hua

* BRANCHES:

Hong Kong Quinhon

Saigon Cantho Mengtzo Shanghai Canton Nam-Dinh Singapore Djibouti

Neumea Thanhea

Tientsin Peking Tournae Phom Penh Vinh Pondicherry Yunnanfu BANKERS:

Fort-Bayard Papeete Haiphong

Hankow

Hanoi

IN FRANCE: Comptoir National d'Escompte do Paris, Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; 8- ciete Generale.

• Affiliated with

Sing Scottiepl Singapore St. Morile Tenisin

โครงเ

Vestea

Yukla

Zurich

accounts

employ its capital in affording "This process largely accounts of the for the rapid progress of Roman some form of guarantec new money necessary for various wares in the British Kingdom," reconstruction schemos,

he said. So far we have ex of mere phrases, which so glibly The scheme has been received cavated only the lower part of the trip off the tongue.

"What we must do now," said THE CHASE NATIONAL BANK with mixed feelings in the very long slope rising above the Colne

limited circle which has been valley. The centre of the town Mr. Thomas,

the "is to ask Resources ..Over G$2,500,000,000

Dominions to remember the advan- favoured with Mr. Norman's com- with the King'e palace munication. The banks, on the the top of the slope, and it stages we have given them and to remind them of the advantages whole, were understood to be pre-not yet easy to see whether ex-

The that they, as members of the Bri- pared to support the company cavation will be feasible. and its programme, but the issu-whole town extends over hundreds tish Commonwealth of Nations, ing houses are distinctly avere of acres, and this season's work may give to us, and to see how

E. W. DUGGAN,

Manager,

Was on

IN LONDON: The National Pro- vincial & Union Bank of England, Ltd. Complots National d'Escompte THE BANK OF TAIWAN, LTD. to it. The latter fear that it will will continue least until the

de Paris; Credit Lyonucla.

IN NEW YORK: J. P. Morgan &

(TAIWAN GINKO.)

Co. French American Banking Cor- HEAD OFFICE:-Taipeh, Formosa,

poration; Guaranty Trust Co. of New

York.

Interest allowed on Current Ac- 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.

Incorporated by Special Imperial

Charter, 1899.

Dial Bark is Peripes.

GERELAMORES AND AGENCIES:

far the unbounded resources of end of September.-London Morn- the British Empire can be used In money market circles the ing Post.

take business away from them.

chief criticism is that the capital

of £6,000,000 is not nearly sui- cfent. It was suggested to a ro- presentative of the Financial

Bash-Kotse atores com 44,000,000 Times that, were it to be ten 201308) ja bir renesans, times as much, it would still be

PinTokyo, Yokoham, Lobs, Canka

Kundo, Wimah Bloger Tinsufficient.

Cuts mechanging keneew, Amory Wehow.

| OTSEKES 1--Hodgsong

Xongacha.“ Bouakaya,

Dim HamarshɛiPad 4 Benbagil

London Locke Batemalaka,

LONDON BANK HOUS

The Loudan Bounty - Wantminster, sed Tur's: Baak.

THE YOKOHAMA SPECIE BANK, The Bank Correspondents to alt the peta

LIMITED..

Established 1880.

Caplial (fully paid-up) Yen 100,000,000 Reserve Food. Yen 111,600,000 Head Office: TOKOHAMA,

Branches and Agencies, al:

Alexandria

Batavia Bombay Buenos Aires

Temporarily closed).

Cakatta Canton

Changchan

Nagoya Nowchwang

Now York Onka

Fexing Rangeon"

Rio de Janeiro Salgon Daren (Dainy) Ban Francisco Fergtien (Makdon), Seattle

Hankow

Hamburg

Harbin

Hong Kong

Kai Yoen

Honolulu RA

Karachi

Hobeik London

Los Angeles Lyons Man

Semarang Shanchal

Shimanodekl

Singapore

Soerabaya: Bydoay

Tentsin

jupal Commercial Optane, károughout the weekfir

В КАСОВА,

.*

HONG KONG BRANCH,

Моло

IN Your Read Content.

og Kong 19th Jaawers, 1000.

THE BANK OF CHINA.

行銀國中

ERICSSON COMBINE.

LARGE HOLDINGS SOLD TO KREUGERS.

Stockholm, Yesterday

The Manager of the Ericsson combine has sold his large hold- ings in Ericssons to Kreuger Toll, who had already, a considerable

Reorganised October 26, 1928, under Interest in Ericssons. The Chair-

special charter of The National Gov-man and Managing Director of

ernment as 'an

INTERNATIONAL EXCHANGE

BANK

Ericsson will be replaced Kreuger men-Reuter.

by

..$25,000,000.00 $24,710,200.00

Subscribed Capital

*.* 3,920,603.62 THE BANK OF CANTON, LTD.

Paid-Up Capital

Reserve Funds

HEAD OFFICE: SHANGHAL."

HONG KONG BRANCH:

Queen's Road Central,

Owing to our numerous branches In China and large connections in the Important commercial centrer of the world, we are able to extend to, our cleats special facilities for domestic and foreign bankdag and exchanges.

We also handle the lasus of Bonds cloda;and other. Public Funds of the Chin- ere Government, both at home and

Established: 1912. *:

Head Office:-Hong Kong.

Authorised Capital (ILK. Currensy) $11,000,000 Paid-Up Capital

| 8,665,800 Exserve Fund "ranganyar

1,000,000

BRANCHER *** Canton, Shanghai, ankow,” Swalow,

jak, Bangkok, New York and Ban, Pinoclacu

LONDON BANKERS JU

·Tan Lloyd's, Dank, Limited." In all principal citles of the World." *** DA SU CORRESPONDENTÉ

„Foreign i exchange, and kanklag · busions of «very description texunsetid,

Deposit Taizes:velous sizes)" at a yearly ental of from 5 to $40, N SHOU YACHEN"

LOOK FOONG SHAN Akanager.in kultur Chiefs Manager. Hong Kong, Ithy March, 1980, onda Hong : Kong, 14th May, 1980;

abroad-

for the benefit of us all.”

Makes His Last Run

233

Pichard Christopher, for 50 years | inchiding the Prince of Wales, A méchanie,-fireman and loco Governors General of Canada, the motive engineer on the Canadian Duke of Connaught, and many Pacific Railway, opened a throttle others. It is his boast that in mil for the last time recently when ho these years, he has never had took his train on the run from single accident. A touching feature London to Windsor, Ontario. He of his last run war the fact that his has been salačted on various oces son, Thomas, although aleo a and sons to handle spécial trains for locomotive engineer, acted as his

pia distinguished: Canadian«. viritors; | fatheïs firemian.t”.

THURSDAY, SEPTEMBER 4, 1930.

BATHING COSTUME:--

Viking,

Hollywood,

Ocean,

etc., etc.

THE BAKILLY CO., LTD.

153-155, Des Voeux Road Central.

ILLUSTRATED I

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.

What is said to be the biggest land deal ever put over in the Colony occurred during the week, when the China Sugar Refinery Co.'s premises were sold to the Imperial Chemical, Ltd. Exclusive news of the deal appears in the OVERLAND CHINA MAIL.

The sensational collapse of the Industrial and Commercial Bank, which commenced operations in the Colony a few months ago, was the subject of a big meeting of creditors on Friday last. The Official Receiver took the chair, and explained what action it was necessary to take. After considerable discussion, the meeting decided to appoint Special Liquidators, together with a Committee of Inspec- tion, to consist of creditors and shareholders. The OVER- LAND CHINA MAIL carries a complete report.

Two interesting judgments handed down during the past week are also included in the OVERLAND CHINA MAIL, the Full Court giving a ruling in a complicated land deal, and the Chief Justice deciding a case in which the return of certain properties was asked by the administrator of a Chinese estate which came to the original beneficiaries over thirty years ago.

Sport of all sorts is dealt with by the OVERLAND CHINA MAIL special writers, special attention being devoted to baseball and lawn bowls.

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 arrival brings.

For your folks at Home to re- ardent correspondents. It is a kindly thought, therefore, to ensure ceive this weekly budget, or to keep that these away from the Colon your absence, all that you have to yourself posted with affairs during or folks at Bome, should have an do is to drop a note to the "Over- unfailing supply of Hong Kong and China Mail" and Chinese news every week—by] means of a subscription to theminder of the experienos behind the "Overland China Mall,”

The word "Overland” is a re-

| production, it having been publish- Without any troublé of packing ed since the early days of the and worrying about the Post Office Colony, to be sont 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 Mall" will be by which to get mail Home. In Bent Home for you every week, the march of time the "Overland catoling the mail regularly. China Mall has become the only contains just the news, features weekly nowe budget which has a ant pictures from the daily "China coloured pictorial supplement with Mil" that make a studied appeal local photographi. It is made just * people with any interest to ouit requirements, as it has done wonatsosper in Hong Kong, and all along. What more could be many letters, from Home, Austra| desired?

READY TO-MORROW

Mall vir Suez closes at 6 p.m., September 5. and via Siberia at 10.30 a.m., September 5.

SINGLE COPY

25 Cents.

INCLUDING SPECIAL COLOURED PICTURE SUPPLEMENT

sata-sed at the bookstalls or you can send

cinding, postage abroad. Half-Fourly

quarterly periodu pro‘rata.),

STREET PHONE 20022.

THE OVERLAND CHINA MAI