1930-11-28 — Page 2

Page

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Cupitał mo

Laroad, and Pully. Pald-up $30,000,000 Besaria Vanda 1—

Blasting Silver

....£8,500,000

Besarre Liability of Proprietors. $30,000,000 HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS-

7. A. Mummm, Ex. Chairman.

Ton. Mr. C. 0. 5. Meckla Deputy Chairman.

Hon. Mr. 3. ). Peterson. .. Ball, Esq. A. Compton, Esq. T. E. Pearce, Vaj.

Loodar Lola, Esq. T. H. B. Bhav, Esq. 3. hilo, Esq.

J. P. Warren, Yig.

AMOY

MANGKOR

DATAVIA

SQUNAY

CALCUTTA CASTON

CHEPOO COLOMBO

DAIREN FOUCHOW HASPHONG

Chile Manage.

V. M. Graybum, Esq. *

BRANCHES :---

LONDON

1.YONG

MALACCA

MANILA

LEUAB (Johor)

WURDEN

NAGABAK?

NEW YOUR

PEIPING

PENANG BANGOON

ΚΛΙΠΟΝ

BARBURO

HANKOW

- SAN FRANC1900

LLARDEN

LOXUXEW

ILOILO

1POIL

JOUCHE

KJEK

KOWLOON

KUALA LUMPUR

SHARQUAL

KINGAPORE

"DUBADAYA

AUNGEI PATANI TIENTBIN

TOKYO

THINGTAO

YOKOHAMA

ہیں

Curial Accounts opened la Loo!" Durransy and Find Depila sired for me year or shorter periods in Il Curemacy and Berling assertos which will be quoted sa applicatio Bong Song, Apell, 1900.

HONG KONG SAVINGS BANK,

Za Busine of the above Beak is scadunt.

of by the HONG KONG AND BUANGHAI BANKING CORPORATION.

abiined on oppilosilon,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1859. HEAD OFFICE: LONDON, Paid-up Capita!

Reserve Liability of Pro-

ALON STAR

Reserve Fund

.£3,000,000 .£4,000,000

prietors

£3,000,000

Ageneles and Branches:

KUALA LUM21 R3

(Malay Status)

KUCHING

АМЛЕТНАЯ

MADRAS

MANILA

MEDAN

NEW YORK PEKING

ПАРОКОН BATAVIA

BOMBAY

CALCUTTA CANTON

CAWNPORE

CEBU

COLOMBO DALHEN (Dainy

Bouth Mashuria)

DELHI

HAIPHONG HAMBURG

HANKOW

HARSIN

(N. Manchurles

HỒNG KONG

ILDILO

PROTE

KANACHI

KLANG

KORE

KUALA KANGSAR

Perak .M.B.)

PENANG

PERILAWAD RANGOON

BAIGON

BENARANO

BEREMBAN

SIANGKAT

BINGAPORE

SOURABAYA

TAIPINO (P.M.3.) TAVOY

TIENTBIN TOKYO

TONOKAN (Rhukal) TRINGTAO

YOKOHAMA ZAMBOANGA

(Philippias Talands)

and General Foreign Exchange Banking business transacted.

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

A. H. FERGUSON,

Manager. Hong Kong. 8th January, 1929,

THE HOJHONG BANK, LTD. (Established 1917.)

CAPITAL:

Authorised Issued

Pald-up

Reservo

Liabilities

of Shareholders Surplus

THE CHINA MAIL.

and

Commerce

Finance

VAST INDUSTRIAL EFFORT.

Sensational Facts and Figures.

tendency has amounted to mass desertions which seriously disor- ganised some enterprises.

JAPAN'S TRADE IN HOSIERY.

Competition in China Market.

FALLING OFF IN EXPORTS.

"Japan 1926

Hosiery occupies an important position in Japan's export trade, Kremlin Determination.

the In spite of these, and a series of eays an article in

Exports for other difficulties, the Kremlin lead-Advertiser."

about Y.5,000,000 to ers are determined to accomplish declined the programme of industrial and Y.20,000,000 but these for 1927 in- Further agrarian progress called for increased to Y.29,000,000.

gains have been made since then. The export value for 1928 amount- led to Y.89,000,000, advancing to

Y.36,000,000 in 1829.

WHAT RUSSIA IS DOING.the Five-Year Plan.

Moscow, Sept. 4. An intensive effort to stimulate the initiative and efficiency of the broad masses of Soviet workers will mark the beginning, on Octo

ber 1. of the new economic year- the third year of the famous Five- Year Plan..

The third year of the plan, which begins on October 1, will show an Increase of production, as com- pared with the second year, su large that it will exceed the whole industrial production of par-War Ruasia.

some others,

A sudden turn for the worse has

taken place this year. Exports for the first nine months registered Y.29,800,000; declining Y.4,300,000,

A number of huge plants, just or 15 per cent. from the same completed, are expected to begin period of last year. October 1 has been designated by to function the Stalingrad trac- The chief countries of destina- the National Council of Trades tor factory, the Rostov machinery tlon are British India, the South Unions as the "day of shock bri-works, etc.-and

Sons and China. Britain in a gades." the purpose of which is to draw as many factory and mine workers as possible into these In- dustrial "troops," pledged to set the pace for the rest of the working class,

In every industrial and other economic establishment in the whole land of the Soviet, the hard Straits $20,000,000 cast working and most enthualastic 8,000,000 groups, usually with the Commun- 4,000,000 1sts and Communist Youths in the

lead, are organised into shock br 4,000,000 2,620,000 Kades.

HEAD OFFICE: SINGAPORE. Boles may be

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

FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION,

V. M. GRATOURN,

Hong Kong, 16th July, 1980.

Chief Minist

NEDERLANDSCHE HANDEL-

MAATSCHAPPLI, N.V.

(NETHERLANDS TRADING BOCIETY)

DANKERS.

• Established b

Hong Kong Oos-11, Queen's Read Content.

Autorland Capital

Paid-Up Capital

Bore Fund

Guildare $30,000,000-

(100,003.)

Head Oficer-AKSTERDAM” Eastern Head Oos-BATAVIA,

ARAHOLES:-Bandjarmasin, Bandoang", Bombay,

world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOI,

THE

Manager.

By their individual examples they aim at encouraging their fel- low workers to exert themselves more seriously for the achievement of the specific tasks facing their particular establishments.

Political

even larger, will be entirely or fairly heavy consumer of Japanese | nearly completod.

knitted goods.

and Orient The latter category includes the economic factors in the Magnitostrof steel mills, for which directly affect the hoalery export over 200,000,000 roubles will be

trade.

Causes of Decline. spent in one year; the Nijni Nov gorod automobile plant, now be The most potent cause is the ing constructed with the aid of the drop in bar ellver. The foreign Henry Ford organisation; the goods boycott movement was car Kharkov and Chaliabinsk tractor ried out persistently in British plant; and huge chemical works at India following the raise of tariff Bereznikov and Bobrikov.

The Dream Materialises.. Work will also be begun on a chain of new enterprises which when finished, should put the So- viet Union, Into the front rank of the Industrialised nations.

on cotton cloth. That country is the largest consumer of Japanese hosiery and the boycott hit the trade hard. Effects of the boycott still are evident.

In Cuba the tarif on foreign hosiery was also doubled. The of the hoalery In-

For example, a whole complex growth of industries will be developed dustry In China must not The enlargement, and "pepping around the Dnieperetrof hydro-be overlooked. The country up," of the brigades of October 1 electric station. A new iron, and still produces articles of in- is only one of a number of mes-coal base will be raised in the Ural-ferior quality but they have hurt aures whereby the Soviet regime Kuznetz region. seeks to 'overcome negligence, AMERICAN EXPRESS COMPANY, apathy, absence from work and general lack of discipline on the part of the working masses,

"Socialist competition"- between various factories, sometimes be tween entire industries, is another of the means for stimulating pro- ductivity which will be emphasised In to-day's propaganda,

INC.

Head Office: 65. Broadway,

New York

ADVENT

Lat

U.9.$8,000,000 U.S.$1,572,454 .U.S.$1,808,200

Odillac 30,000,000 Guilders 10,015,000

Capital

Surplas

Reservas

Amsterdam

Fal

Berlin

Bizotts

Bombay

Bruss

Banc Airw Calro Catsuits

Colombo

Counteop

BRANCHES

Дев Glasgow Havana Hamburg Havre Interio Jerusalem Lido London Liverpool Lucene Lugano Luxor Metalli Monte Carlo

Now Naple

Mania

Munich

Calcutta, Cherboo, Diaber, D Jahari", The Rogue", Judish, Kabu, Kuta Nadja, Makassar, Maden, Fedang Palambang. Pekalongan, Fusang. Pontianak, Rango, Botterdam3/

Shanghel, Рад

Biboles Eingapore, (Sumatra),

Borabala Boereta (Solo). Tegs, Tiilajap and Wellevyadan".

• This sitios bare dala deposit boxicam ba lak, Lasten Banker:—National Provincial Bank Ltd.

Corespondeate all over the world

Basking business of mu? description Impacted.

1. STOLKINI.

Áoling Mazagy).

Hong Kong, 18th August, 1990.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

90, Boulevard Haussmann, Paris,

Cantee

Copenhagen

Zdinburgh

Montrestr Alea

Fires Parla Tining Feklo Palacio Botterdam Home Statiboal Fbang bal Southampton Bingpors St. Morila Trealala

Vista Trace Yukoh sma Zurich

Florence CIDOTE

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

All classes of Commercial Banking

Transactions undertaken.

Personal

Subscribed Capital Frs. 72,000,000.00 Pald-Up Capital ...Fr. 88,400,000.00 handled. Reserve Funds ....Fra.102,000,000.00

BRANCHES: Bangkok Hong Kong Quinkon Battambang Hue Saigon Cautha Mengtze Shanghai Canton Nam-Diab Slogapore Djibouti Neumes Thankhon For-Bayard Papeete Tientaln Haiphong Peking Tourant Harkow Pnom Penh Vinh

Pondicherry YunMRĴO BANKERS:

Hanoi

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Ba; Credit Industriel at Commercial; 8 elate Generale,

IN LONDON: The National Pro

Union Bank of England, vincial Ltd. Comptoir National d'Escompte de Paris; Credit Lyonnais.

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

investment

Hundreds of undertakings will "challenge" others to a race in fulfilling and outstripping their plana.

Hard Work and Poor Food, The laxness of labour morale la due largely to the fact that the majority of workers are freshly re cruited from the farms and, conse- quently, unaccustomed to the exact ing intensiveness of industrial jobs.

The inability of the Government to supply satisfactory food, cloth. ing and housing has naturally ag- gravated the situation.

In particular Soviet industry has raid a heavy price for the fenden- accounts cy of worke.s to change their jobs frequently, in search of better con- ditions. In some instances this

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.

1

Affiliated with '

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

B. W. DUGGAN,

Manager.

THE BANK OF CHINA. 一行銀國中

Reorganised October 20, 1928, under

special charter of The National Gov-

Interest allowed on Currant Acernment as an

counts and Fixed Deposits according to arrangements.

Every description of Banking and Exchange Business tranzacted. Safe Deposit Boxes to let

A. LECOT,

Manager.

Hong Kong, 1st May, 1929.

THE YOKOHAMA SPECIE BANK, LIMITED.

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

Yen 118,500,000 Read Office:--YOKOBAMA/

Branches and Agenelen at: Alexandria

Batavia

Bombay. Buenos Aires

(Temporarily closed). Calcutta Canton

Changchun

Dalton' (Dálny

Nagoya Newchwang New York Osaka

Peking

Rangvon Rio de Jéteiro: Saigon

Ban Francisco

Fongtion (Mukden) Beattle

Hamburg

Hankow

Harbin

Hàu Long

Honolulu

Kali Yuen

Bhala Karachi

Tobe.

Singapore

· INTERNATIONAL - EXCHANGE

BANK.

Subscribed Capital ....$25,000,000,00 Pald-Up Capital . $24,710,200,00 Reserve Funds

*$ 8,820,508,82

HEAD OFFICE: BHANGĦAL

HONG KONG 'BRANCH:" 4, Queen” Road Central,

'.'

Owing to par numerous branches in China and large connections: in' the important commercial centres of the world, we are able to extend to our clients special facilities for domestic and foreign banking and exchanges.

We also handle the issue of Bonds and other Public Funds of the Chin- eze Government, both at home and fabroad. Phy

SHOU, J. CHEN, Hong Kong, 5th March, 1980.

THE

Manager,

THE BANK OF CANTON, LTD.

Established 1912.

Head Office: Hong Kong. Authorised Capital (B.K. Curranay) $13,003,000 Paid-Up Capital

8.SAN,600 Besetre Fund 10 sedma kongly a 1,000,000 BRANCHES 1.

Canton, Bheagbal, Hankow, Bwstow Bangkok, New York and San Francisco

CONRESPONDENTE

LONDON BANKERS:— The Lloyd's Bank, Limited.

In ali principal cities of the World Foreign robangs and banking business of

description transacted.

Rele Depoel Boxes (tacions alon) at a pacly rental of 'from $5 $40.

LOOK POONG SHAN,

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

THE BANK OF TAIWAN, LTD.

the export of inferior Japanese A few figures will index to the scope of the new year's

serve as an goods a good deal.

The trade volume with China, plans. It is aimed to produce 7% India and the South Seas experi- million tons of tron, 74% million enced substantial declines and that tons of coal, and home-made ma-with Egypt dropped more than a chinery to the amount of 2,500,000,- half. Britain provided an out. †000 roubles. -

standing exception, with a marked Light Industry, which has been gain in volume. lagging far behind heavy Industry,) The Total Output. with a consequent goods, famine, Japan's hosiery business is af will be given more attention. fected by external factors more The larger supplies of domestic than by internal conditions. It raty materials, such as cotton, flax exists on the export trade. Of the and sugar beets, will make this domestic output worth about objective easter of accomplish-¦Y.67,000,000 a year, exports "total ment.

about a half. This year's export

The plans for water and rail-depression has hit the industry. road transportation, and for agri-severely, because, the domestic culture, are equally ambitious. demand is not large enough to More than half the entire peasan cover the difference. try. according to the plans, should

Improvement of the sales system be collectivised by the end of this is considered urgent to meet the business year.

BANKING PROFITS.

ANGLO-SOUTH AMERICAN RESULTS.

The

Anglo-South

declining export situation. Hosiery is shipped mostly through middle- men. This hurts the export trade, As rationalization for the Japan India hosiery transactions the Japan Export Hosiery Traders and Producers' Association has been New sales organized in Kobe. American contracts have been made between Bank announces that the net profit the Kobe hosiery traders and In for the year to June 30 last was dan importers effective from €491,408. This is an increase of the first of next year. By this im $10,692 compared with the provi-provement the trade condition be ous twelve months.

tween the two countries is expect In December last the paid-upd to be made smooth, as far as the capital of the bank was increased hosiery trade is concerned. to £5,632,670 by the creation of

Yarn used for hosiery manufae- 1,265,340 "B" shares of 21 each turing is rising in price, due to the These were allotted at 258, each to spinning outpat curtailment. Joint holders of the 878.466 shares of purchase of yarn is being planned £10 (£5. pald). At the same time, by hosiery makers to lower the coat the existing shares were designated of production. as "A" shares. The "B" capita! ranks equally with the "A" for dividend up to a maximum of 10 per cent.

Japanese cotton experts will visit Mozambique next month, accord- It is proposed to pay a final panied by the Japanese Consul in dividend of 58. per "A" share, the Bombay. Their object is the same rate as last year, and 1149d extension of Japanese trade with per "B" share, making 10 per cont. this Portuguese colony,.! for the year. In view of the world-wide depression in commo dity prices, which has an import- ant effect on all the countries in which the bank operates, the direc tors have deemed it prudent to atrengthen the "Internal reserves by transferring to contingency Re count the premium received on the issue of "B" shares, and are also Malsor. Nanto, Shinshiina Taleha. Tainan, allocating to that account $350,- CHINA hanghai, Hakow Aboy Bocobow,000 from appropriation account.

(TAIWAN GINKO.) HEAD OFFICE: Talpek, Formosa Incorporated by Special Imperial

MSN: Charter, 1893,

Central Bank in Formons.

Bank-Botas izmed Aves amount Yes. 48,000,000

BRANCHES AND AGENCIES: JAPAN 1--Tokyo, Yokohama, Kobe, Quks. FORMOSA:n Bagh, Karako,

Takso, Tammi, Torn, Heito, Tatto. -

Swatow, Canton, va

Lalungs

After adding £30,000 as before to

CIKERS |--Lisag Eng". Blogsporn, ↑ Sourabaya,

Bemarang, Batavia, Bembey, Calcutta, staf pension fund and £26,743 London, New York Dairen.

-

LONDON-BANKERO;*;

The London County Westloss and Pay's Bank.

The Bank has Correspondents in 43, the princípu Commertal Centres throughout the world,

NAGURA:

HONG KONG DANCI

BAB, Das Vapor Bond Central,

Hong Kong, 1918 January, 1:20.

BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICTI

10, Des Voeux Boad. Central.

HONG CONG

Semarang. Shanghai Ehlmopanaki

pital and Surplus

stion of Banking

Beerabaya Sydney Tiontela Talcyo

over H. 8,000,000.00

|

serves in Chile, Colombia and Ecuador, and deduct the £350,000 transferred to contingency, account, the balance of £207,150 ls carried forward. A year ago £507,902 WAS carried over.

against 225,829) to legal re-f

RECONSTRUCTION IN KWANGTUNG.

Mr. Tang Yin-wa, Kwangtung'a Commissioner of Reconstruction reviewing the reconstruction work of the preceding years, BAYB credible strides had been made, and during the next 15 years, 3100,000,- 000 will be expended. Provided there is uninterrupted pesce, the province will be in a position to ap propriate the mbúgy, Over 90 per

raventa

cent

Peaded

FOOL

PROOF

TROUBLE

PROOF

SHEAFFER'S

AND PENCILS

Distributors

THE SUN CO. LTD.

FRIDAY, NOVEMBER 2

Overland China Mail.

WEEK'S PAPERS IN ONE.

Remarkable allegations of ill-treatment by officers of Victoria Jall were made by a prisoner who was brought before the Magistrate charged with malicious wounding of Prisoner consistently Acting Principal 'Warder Plumb. denied the truth of evidence given against him, alleging a "conspiracy" of officers in his case. The OVERLAND CHINA MAIL contains a full report,

Distinguished visitors to the Colony during the week have been members of the Canadian Trade Delegation, who have been guests of local bodies, as well as of the Mayoralty and others in Canton. The aims and objects of the Mission, as outlined by the President, are fully reported in the OVERLAND CHINA MAIL.

Exhaustive trade figures for the Colony during the month of October are also given in the OVERLAND CHINA • MAIL.

Another dastardly outrage on Catholic missionaries is reported from the North, where an Apostolic Delegate and two priests were murdered by bandits. A strong protest The has been forwarded to the Government of China, OVERLAND CHINA MAIL contains a report of the tragic occurrence.

The Hong Kong dollar, after remaining comparatively stable for some months, has again taken a downward trend, a drop of as much as one farthing being noted in the course of a day. The OVERLAND CHINA MAIL contains a report upon the situation.

In Northern China, a settled state of affairs continues, the latest information being that Yen Hai-shan and Feng Yu-hsiang, leaders of the vanquished Kaominchun, are about to leave for abroad. The OVERLAND CHINA MAIL contains all relevant dispatches.

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,

Latters to relatives and friende in] lia, and Canada testify to the keen other parts of the world frequently pleasure and interest ita woskiy fall to be written even by the moat arrival brings.

ardent correspondents. It is a For your folks at Home to re kindly thought, therefore, to ensure crive this weekly budget, or to keep that these away from the Colony, yourself posted with affairs during or folks at Home, should have as your absence, all that you have to unfailing supply of Hong Kong do is to drop a note to the "Ovore and Chinese nowa every weeks-by land China Mail” means of a subscription to the

The word "Overland” is a re- "Overland China Mail”

minder of the experience behind the Without any trouble of packing production, it having been publish- and worrying about the Post Office ad since the early days of the on your part, and at the cost only Colony, to be sent OVERLAND of $5.78 for three months, the because there was no Suez Canal, "Overland China Afall" will be and that was the quickest route sent Home for you every wack, by which to get mall Home. In

11 catching the mail regularly.

the march of time the “Overland contains the news and special China Stail" has become the meat features from the dally "China popular weekly news budget, as it Mail” that make a studied appeal has been compiled just to suit to

with any interest present-day requirements, as it has people whatsoever in Hong Kong, and done all along. What more could many letters from Home, Austrade desired 1

READY NOW.

Mail via Suez closed at 6 p.m., November 28. and via Siberia at 6 p.m., November 29.

SINGLE COPY

25 Cents.

[Sold on the streets and, at the bookstalls' or you can send your subscription to the ofice-HK. $18 pir-axuum, or

816 including postage abroad. Half-yearly

or quarterly perioda pro rata.]

NË. JA, WYNDHAM STREET-PHONE 20022, '.

“THE OVERLAND CHINA MAIL.”

DAILY CROSSWORD PUZZLE.

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

12 13 4

13

18

22

26

30

33.84

39

43

T-

47

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1-A public brawf .....

12

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36

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141

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