1930-10-06 — Page 2

Page

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorized Capital noma

$50,000,000

Lund and Fully Paid-up ................. $30,000,000

Baseres Pundi?—

Sterkor :ཡ

.......£6,500,000 $9,500,000

Hoverve Llibility of Poprision $30,000,000 READ OPPICE: пONO KONO.

BOARD OF DIRECTHBR:—

1944, A. Paminar, Eq. (

ffon. Mr. 0. B. Macke: Dopaleman.

W. H. Boll, q, Mr. 3. J. Patreon.

A. 1. Compton, EA E. Pearce, Faq

B. Eander Lewis, . H. R. Shaw, Esq.

G. Miskia, aq.

BANGKOK

-BATAVIA

BOMBAY

CALCUTTA

CANTON

CHEFOO COLOMBO

-3. P. Wennai Eng. Ebiol. Manager,

V. M. Grayburn, Esq.

BRANCHES:-

LONDON

LYONN

MALACCA

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853. READ OFFICE: LONDON. Paid-up Capital

Reservo Liability of Pro

Agencies and Branches:

ALOR STAR

(Walay Binton)

AMBITUAR

АКОКОК DATAYIA BOMBAY CALCUTTA

Resorve Fund

£3,000,000 ..£4,000,000

prietors

..£3,000,000

KUALA LUMPUR

KUCKING

MADRAS

MANILA

MEDAN

NEW YORK

PERINO

PENANO

PESHAWAR

HANDOOX

BAIGON

BEMARANG

SEREMBAN

SHANGHAI

SINGAPORE

SOUBAHAYA

TAVOY

TOBYO

TRINGTAO

CELU

COLOMBO

DAIREN (Delay

South Manaburia)

DELDI

HAMBURO

HARNIN

KUALA KANGSAR

IAPPSONG

BANKOW

(H. Manchuria)

STANICA

HONG KONG

ILOILO

BEVAT (Jobore),

Iron

NUKDEN

KARACHI

KLANG

NAGABABI

KOBE

NEW YORK

DAIREN POOCHOW HAIPUGNO

HAMBURG

HANKOW

HABHIN

HONOKEW

SINGAPORE

ILOILO

YOURADAYA

NUNGEI PATANI

IPOI

JOHORE

KODE

KOWLOON

KUALA LUMPUR

PELFINO PENAN

BANGOON

HAIGON

SAN FRANCISCO

SHANOLAI

*TIENTSIN

TOKYO

THINOTAU

YOKOHAMA

Current Accounts opened in Local Curacy and Fod Doposile Facaired, sur une zone

shorter patiode in local Curray and Bleeding

on terms which will be quoted an application. Hong Kong, at Aprill, 1980.

HONG KONG SAVINGS BANK.

The Business of the abors ·Ilank is conduct.

ed by the LIGNO KONG AND SHANGHAI Hules may bay LANKING COLORATION.

obielued on #pplication

FOR THE HOKORONO AND SHANGHAI BANKING CORPORATION,

V. M. ORAYDERN,

Hong Kong, 16th July, 1830.

Chief Manager.

NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V. (NETHERLANDS TRADING SOCIETY)

HANKERS,

Estababad 1831. Hong Koop Bee:-11, Quinn's load Canizal, Authoris Capital Nalid 160,000,000- £12.500.000.) Paid-Up Capitalil 80,000,000 Beserve Fund Clubders 40,0£8,000 Head Offer:-AKSTERDAY- Eastern Head Office:~~BATAVIA. ADANCHES-Handjatenauin, Dandong", Dombay,

(£3,004,583)

Calcutta, Cheriton, Djember, Lor Jakarta, bo Haquo*, Jesidah, Hõbe Kusa-Radja, Makamer, Madan, Padang Palembang. Peksicogan.

Papara Pontianak, angoon, Dotterdam")

Shanbal, ".

Sibel Megapore, Roucebalu.

(Sumatra.

Hoerakarta Balo), Tegel, Tillajep and

- Wellevreden".

• Thess offices here safe depoelt boxes to fal

London Bankers-National Provincial Bank Lad.

Correspondents all over the world

Banking buns of every description Trans-ind.

A. STORKINE.

Acting Manager.

Hong Kong, 18th August, 1839,

BANQUE DE LINDO-CHINE

HEAD OFFICE:

90, Boulevard Haussmann, Parle.

Subscribed Capital Fr. 72,000,000,00 Faid-Up Capital...Frs. 08,400,000,00 Reserve Funds ....Fra.102,000,000.00

BRANCHES: Bangkok Hong Kong Quinhon

Salgon Battambang Huc Cantho Mengtze Shanghai Canton Ham-Dinh Singapore Djibouti

Thanhea Neumea

Fort-Bayard Papeete Tantsin

Haiphong

Poking Tuurane Hankow Pnom-Penh Vinh

Hanoi

Pondicherry Yunnanfu

BANKERS:

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas Credit Industriel et Commercial; 30- cleto Generale.

IN LONDON: The National Pro-

· TAITING (P.M.8,)*

TENISIN

TONIKAH (Ubun

УПИОНАМА

ZAMBOANOA

(Park P.M.5.)

(Philippine Islanday Exchange and General Foreign Banking business transacted:

Current Accounts opened and Fix. ed Deposits received for 1 year or which wil shorter periods at rates he quoted on application."

A. H. FERGUSON,

Manager.

Hong Kong, 8th January, 1920.

(Established 1917.)

CAPITAL:

THE CHINA MAIL.

and

Commerce

Finance

MASS PRODUCTION & new Jobs; many of them being

THE WORKERS.

Not More But Fewer

Jobs.

AMERICAN LABOUR VIEW,

Mr.

thrown out of work at or around the age of 45, just when the needs of their families were highest.

Loss consideration was paid to scrapped 'workers, he alleged, than to scrapped machinery, for many firms.

machinery set aside depreciation funds, while no pro vision at all was made for human replacement.

Mr. William Green, president of

The accepted theory that in- American Federation

from of creased the

productivity

room for Labour, recently challenged ortho-mechanisation makes dox economic views regarding the

more workers at other points in the nation's industrial. machine benefits of mass production, and announced organised labour's long-

was challenged by Mr. Green. time plan for dealing with unem-

"In the decade between 1919 and 1920," he said, "production In- ployment.

creased as before, 80 that our plants were turning out 42 per cent. more in 1929 than in 1919. But this increase was made pos sible without any increase in the number of wage-earners employed. Employment actually decreased 7 per cent. from 1919 to 1929. Forty- two per cent, more goods were pro- duced with 585,000 fewer workers."

"Labour's programme," Green said, was as follows:

"1. Shorter daily and weekly work periods so that more workers may be employed and all may have leisure to enjoy the products of industry.

+2 Higher incomes for wage- THE HO HONG BANK, LTD. earners in order that this vast po- tential market may be able, through its purchases, to stimulate industries to their full capacity.

43. A system of federal em- .Straits $20,000,000

8,000,000 ployment agencies for the workless 4,000,000

so that they may have the most efficient possible Aid in finding 4,000,000 2,526,000 work.

Authorised

Issued Pald-up Réservo Liabilities of Shareholders. Surplus

BAD OFFICE:-SINGAPORE. Branches, Agencies-and-Corraspon dents in the principal cities of the world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOI,

THE

Manager.

"4. A vocational guidance service, in connection with these employment offices, to help workers whose occupations are affected by new production methods, to equip themselves for positions under new

industrial conditions."

Not More but Fewer Jobs. Mass production, Mr. Green told the House Judiciary Committee, AMERICAN EXPRESS COMPANY, which is considering the Wagner Unemployment Bills, has not made more, but fewer jobs, and he as serted

are actually that there 385,000 less openings for factory workmen to-day in America than in

INC.

Head Ofice: 65, Broadway, New York.

Capital Surplus Reserves

1919.

Armed

FRENCH TRADE BAN.

C

DUMPING OF SOVIET GOODS TO BE STOPPED.

MUST BE LICENSED.

Paris, Saturday.

The Council of Ministers has ratified a decree aimed against Soviet dumping. Imports will be prohibited or admitted only under Merchandise affected licence. includes cereals, meats, egge, sugar, timber, flax, gum, and gelatine.

The

A Ministry of Agriculture com- munique explains that certain Russian imports at notoriously tower prices than cost price in with statistics, Mr..other countries largely nullified Green challenged the usually the French Government's efforts

to safeguard producers. if а that, accepted dogma

dis-fall in prices threatens a veritable machine temporarily places 10 man, it will never catastrophe. theless

pos- eventually make sible the reabsorption of a dozen other men somewhere, along the line of industry.

.U.S.$8,000,000 U.S.$1,672,454 ..U.S.$1,808,209

BRANCHES:--

Amsterdam Antwory Ashans

Beale Derin

Biarrit

Bombay

Branded

Brussels

Селов flipagow Havana Hamburg Havre Intelakon Jerusalem Lio Landen

Bito Neptua TIRTAS Parts Foss

new

Buenos Aires

Cairo

Liverpool Lucerne Lugano LUST

Campm

Colombo Costantinople

Karsellico Meate Carlo

Canin

Munish

Montraut Man

Icking Falerno Rotterdam Ilome Stamboul Shanghai Southampton Singapor St. Morita Ticalais

Viezus

Vexico Yokohama Zurich

Copenhagen Edinburg Florence Сепета

Branches of American Express Company in Principal cities of Unit- ed States of América and Canada

Personal investment

accounts

Glutting the Markets. Machine have now become so productive. Mr. Green asserted, that they will inevitably glut the market with recurrent surpluses of goods unless the economic balance. is readjusted.

First, he said, workers must have more money, through increas- more goods; or, All classes of Commercial Banking ed pay, to buy

work shorter Transactions undertaken.

second, they must hours and thereby limit, the amount of goods produced.

In addition he pointed to the The Company offera to intending growing brigades of workers idle technological changes Travellers the use of its "Travelers through Cheques" and Letters of Credit and, and said the problem of the in addition, the world-wide services "scrapped worker" had reached a

handled.

of its thoroughly equipped Travel De point where it required federal, as

partment.

Afiliated with

Resources ..Over G$2,500,000,000

E. W. DUGGAN,

mains

well as private, intervention.'

"Unemployment -to-day still re- a level as last as high

Mr. THE CHASE NATIONAL BANK January at 20 per cent."

Green said. "That is only 2 per cent. below the peak."

The rate at which technological Manager. unemployment had been growing in, the last 10 years, he, said, made it a special problem.

"It is bad to lose a job," he said, "but it is a catastrophe to lose When skilled one's trade skill. craft is transferred to a machine the craftsman ís industrially bankrupt."

vincial & Union Bank of England, THE BANK OF TAIWAN, LTD.

Ltd.; Comptoir National d'Escompte de Parla; 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.

Every description of Banking and Exchange Business transacted.

Safe Deposit Boxes to lah

A. LEGOT,

Manager.

Hong Kong, 1st May, 1929,

(TAIWAN GINKO.)

HEAD OFFICE: Taipeh, Formess.

Incorporated by Special Imperial Charter, 1899.

Central Bank in Formone-

This, he said, has been the ever Bank : 10,000,000 more frequent experience of great

BRANCHES ARD AB FORMORA, Ragi, Karenko, Esslung, numbers of men. The displaced or Makong, Nanto, Bhinchiku, Talchu, Taisan, scrapped workers were looking for

JAPAN:-Tokyo, Yokcheme,

Dansen.

Jakso. Terial, Toth, Hello, Trito

CHINA-bangal, Heakow, Amoy, Foodbow,

Swalow Canton.

OTHERS-Hoog Kong Bagapore, Soray

Semarang Besaria, Bombay, Calcutta London, New York, Dalzon. LONDON BANKERS

The London County Warminster and Parr's Bask. | The Bank has Corresponds to wil the principal

THE YOKOHAMA SPECIE BANK, Crial, Centres, throughout the world.

LIMITED.

Established 1880.

Capital (fully paid-up) Yen 100,000,000 | Reserve Fund

Yan 113,500,000

Head Office:-YOKOHAMA, `Branches and Agencies at:

*Alexandria

Batavia

Bombay Buence Aires

(Temporarily

closed)

Gakutta

Canton

Changchun!

Dairen (Dalny)

Nagoya Nawchwang New York *Osaka

Poking Rangoon Saigon San Francisco

Rio de Janeiro

Fongtien (Mukden) Santtie

Hamburg

Hankow

Harbin

Hong Kong

Honolulu

Kai Tuon

Karachi

*K. NAJURA.

Mahagor

BONG KONG Vaux Road Central, BRANCH: Hong Kong, 19th January, 1929.

THE BANK OF CHINA.

行跟國

Reorganised October. 26, 1928, under

special charter of The National Gov ernment 48 an

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital

Paid-up Capital,

Eeserve Funds:do

$25,000,000,00;

10,200.00 1.820,503.82

Bemarang Shanchal

Shimonosokl

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH MAC Queen's Road Central

Singapore Sograbaya

Sydney, Tientain

Tokyo

Los Angeles

London

Manila

Nagaiakt

THE BANK OF CANTON, LTD. Established 1912.

Head Onco-Hong Kong.

Authorised.Capital (ELE. Cementy) $11,000,00

6.665.000 Paid-up Capital I 1,000,000

Reserve Fund avait amijyamanan

BRANCHES

Canton, Bhanghai, Hankow,

The Lloyd's Bank, Limited,

CORRESPONDENTS

the World

In all principal cillen of basilar, bulars of

Forden izango ·

The Minister of Commerce points out that the big and ad- verse balance of trade shows that for the first six months of 1930 there were over 441,000,000 francs worth of Soviet imports against 120,000,000 of exports-Reuter.

FLIGHT FROM LAW.

BUSINESS MEN PREFER ARBITRATION.

:

after The legal year. ́ended'

gome waya what has been in the most remarkable session in many years, comments the Finan- Apart cfal Times on August 1. from the Michaelmas Terms, for a couple of which litigants had months to prepare, the judges have been waiting for cases to be got ready for submission to them almost all the time.

More cases are tried now than before the War, but since 1921 there has been a marked and pro- gressive decline in the work of the High Court. The County Court re- cords show that people are not be- coming less disputatious. Their ac- ilvities, and those of the various associations of importers of pro- duce, show that business men are eccking a cheaper and more expedi tious method of settling their dif ferences.

The movement away from the King's Court has been gradual, and it has had to encounter many dif ficulties. Not perhaps for quite the ns have led to the same reasons great modern. development, the Lon- don Stock Exchange was a pioneer in it; and in a famous judgment the late Lord James laid it down that "the Stock Exchange la not an Alsatia in which the King's writ does not run."

A Lawyers Surprise.

But though the King's writ runs, watothe attitude of the Stock Exchange Bengkak, New York and Ban Franciero

Committee has been such that law LONDON BANKLES

yers are constantly surprised at the smallness of the number of actions in which Its members are concerned that get into the law reports. Other associations have followed their example, though not always with the same success. The Refined Sugar Association Included among its rules a) provision that neither

Tary description fransacted.

Bale Deposit Botes (various sizes) ni a pearly

rental of from too,

LOOK POONG SHAN

Chief Hanager. Hong Kong, 14th May, 1930,

THE BANK OF EAST ASIA, LTD: party to an arbitration should re-

Established 1918.

HEAD OFFICE: 10, Des Voeux Road, Central.

BISCA HONG KONG.";

quire the arbitrators under the rules of the association to state a special Case for the opinion of the Courts. and in Czarnikow Roth Schmidt and Co. the Court of Appeal held that the rule was unenforcible.

MONDAY, OCTOBER 6, 1930.

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SOLE AGENTS FOR SOUTH CHINA

REUTER, BROCKELMANN & CO.

HONG KONG

CANTON

ANDERSON, MUSIC CO., LTD., and LEADING CHINESE STORES "This advertisement is issued by Philips China Co.

fudicial output of all the 30 Judges

in the High Court and the Courts of Appeal is not more than 100,000 cases,

During the months of June and July the secretary of the Canadian Ayrshire Brooders' Association re- calvad 95 reports of cows and helf

Capital & Surplus over H$8,000,000 Total Resources over H$30,000,000 In spite of difficulties the resort to in an arbitration conducted in the Every description of Banking arbitration has increased enormous usual way in London," though that Owing to our numerous branches and Exchange business transactly, The Courts still refuse to re- usual way were repugnant to a law in China and large connections in the edges

cognise that their jurisdiction is yer's ideas of what judicial proceed important commercial centres of the Current and Fixed Deposit Acousted. But there has been a great ings should be, Naumann V. Even where the parties to a dis-ere that had qualified in the R.O.P. world, we are able to extend to our

Special Fellides for domestle counts in local and foreign our change in their attitude in recent Nathan was a "quality arbitration" pute desire to lay it before a lawyer38 in the 205 day class and 562 under the rules of the Produce they seem to prefer a legal arbitra in the Honour Roll or 805 day cllente and foreign banking and changes.randies offered for cliente, yara

erference Brokers Association.tor, and there is a well-known K.Udivision In the former, 15 quali Wealed handle the fans, of Bonds Savings Account and Safe De,The principle

One of the many associations in who recently refused a judgeship fed In the mature class 4 In the MB in the three-year- and other Public Funds of the Chin ödelt Bo

London which now have their own because he preferred to decide cases four-year

o-year-old class ales for the conduct of such pro as an arbitrator, outside the Courts old and in the

Ings told to deal with not #than 8,000 year. The whole

se Government both at homes and

-SHOUJOHEN,

Branches and Agencias all over

AN TONG PO

dita high-water mark in the mann v. Nathan, which nd away into the

rather than to sit on the Bench

doing the me thing inside them...

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