1930-12-12 — Page 2

Page

HONG KONG AND SHANGHAI BANKING CORPORATION..

$30,000,000

Aukodland Capital camer Lamond and Pully Paid-up $30,000,000 Reserve Funda 1-

ver

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1855.

HEAD OFFICE; LONDON.

THE CHINA MAIL.

Commerce and

Finance

Paid-up Capital

.23,000,000

300,000

Reserve Fund

.£4,000,000

Esterre Liability of Propstilom... $20,000,000 HEAD OFFICE: HONO RONG.

Reserve Liability of Pro-

prietors

.£3,000,000

Agencies and Branches:

FAR EAST TRADE.

ALOR STAR

KUALA LUMPUR

(Malay 8140)

AMBITSAB

XUCHINO

MADRAS

IJANILA

WEDAN

BOARD OF DIRECTORS—

7. A. Flummer, Kaq. Chairman

Hon. Mr. O, B. Mackie,

Dayly Chairman.

W. Z. Ball; Esq. Hos. Mr. J. J. Polation.

. . Complot, Peg T. E Por, Rey,

Lauder Lawla, Esq.T. 3. D. Bbaw, Esq.

·J. Kiektu, Esq.

MOT

DANOKOK

BATIVIA

BOMBAY

CALCUTTA

CANTON

CHEFOO

CULUMUO

DAIREN

J. F. Wat, Ing.

Gulal Manager,

V. M. Orayburn, Esq.

BRANCHES-

LONDON

LYONS

HALACCA

MANILA

MUAB (Johor)

NEW YORK

MUIDEN

NAGASAKI

OOCELOW

MINO

PEIPING

PRVAFO

RAKGOON

NIANOLAJ

#MBONG

SAMUN

HANKOW

SAN FRANCISCO

HARDIN

DONGEZW

SINGAPORE

FLOILO

SOURADA TA

1900

JOHORE

JUNOEI PATANI TIENTSIN

KOBE

TOKYO

KOWLOON

KUALA LUMPUR

TSINGTAO

YOKOHAMA

Ourrect Account opened in Local Currens] sal Vized Deposit record doe con your te skorter periods in Locel Curteney and Heeling on lerton which will be quoted an appilostion Hong Kong. in April, 1910.

HONG KONG SAVINGS BANK.

The Busiame of the above Tank la conduct by the HONG KONG AND SHANGHAI BANKING CONFORATION. Bules may be shined on application.

JOB THE HONGKONG AND SHANGWAY BANKING CORPORATION.

V. K. GRAYBURN,

Hong Zony, 18th July, 1650.

Chief NanaW.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING BOCIETY)

PANEERH

Established #324,

Hong Kong Oorzuil, Quma'r Bond Contest Askorined Capital Cuilder £50,000,000-

Paid-up Capital

Brent Fund

BANDEOX

BATAVIA

DUNHAT

CALCUTTA CANTON

OAWNPORK

CEBU

COLOMBO

DALKEN (Dalny

Houth Manchuria)

DELUI

KALPHONO

NEW YORK PEKIKO TENAND PESHAWAR RANDON

SAIGON

HEMATAKO BEREMBAN

BLANDDAI

ORIENT WILL PRODUCE ITS

OWN TEXTILES.

SUGAR INDUSTRY.

AGREEMENT BETWEEN JAVA AND CUBA.

CABLES IN CHINA,

NEGOTIATIONS WITH FOREIGN COMPANIES,

Shangbai, Yesterday.

The first concrete results of the eight months negotiations between the Chinese Government and for- eign cable companies was attained to-day, when representatives of the Eastern Extension and Great Northern Cable Companies agreed to transfer to China, as from De- Batavia, Yesterday.

cember 24, the control of the It la learned that the Cuban-Shanghal-Chefoo Taku (Tiantain) Java sugar agreement in Amster submarine cable, which since its dam involves a restriction of the inauguration in 1901 has remained Java crop by 11.72 per cent, and under the complete control the Cuban crop by 23.5 per cont. these two foreign companies.---

Both parties

are trying to Heuter. induce European producers to res- trict their crop by 20.5 per cent.

Hear Deknatel, one of the man- j Eastern agers of the Netherlands Trad- General manufacturers constantly strength-ing Society at Batavia, is leaving ening their position, it seems car-] for China to defend the interests Current Accounts opened and Fix-tain, Moser reports, that exports the Java sugar producers in nd Deposits received for 1 year or shorter periods at rates which will be quoted on application.

HAMBURG

HANKOW

HARBIN

(H. Manchuala)

HONG ZONO

110110

Proj

KARACHI

KLANO

KOBE

KUALA KANGSAR

Torch P.M.B.)

SINGAPORE BOURADATA TAIPING (F.M.B.) TAVDY

TIENTSIN

TUXTO

TONOKAZ (Phuket) TSINGTAO

YOROHALLA

ZAMBOANGA

Foreign Exchange

(Philippine Islands)

And

Banking business transacted.

A. H. FERGUSON,

Manager. Hong Kong. 8th January, 1920.

American and European textila interests are fighting a losing bat tle for trade in the Far East, according to a detailed survey of the markets in that world section just prepared for private American Interests by Charles K. Moser, chief of the Far Eastern Division of the Department of Commerce.

With exports to the Orient al- ready reduced and Far

The view of the rumoured possibility.

of China granting Cuba a prefer ential tariff.

will be still further reduced. Japanese, he says, have developed textiles on a basis of efficiency and economy probably unequalled any. where else in the world and are extending their competition not only Into Western Ablatic and

THE HO HONG BANK, LTD. | African flelds but into Great Bri

(Established 1917.)

HEAD OFFICE:-SINGAPORE. Hong Kong Branch: 13, Queen's Rd. C.

Authorland Capital Straits $20,000,000 Issued Capital.... Paid-up Capital Reserve Liabilities of Starcholders Surplus

tain itself.

Back on Job. Moser's report is the result of six months recantly spent in the Far East. It is prepared for a manu- 8,000,000 facturing company of Boston, one 4,000,000

of the old large cotton textile 1,000,000 makers. He resigned his post in 2,520,000 the Department of Commerce to make the survey but resumed it immediately upon return to this country. Thus, while prepared in an unofficial capacity. It is virtually Brat an official document. The sections of the work deal in most part with Japanese textiles. Later releases will discuss China and India.

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

Every description of Banking and Exchange business transacted.

TAN ENG 1001, '

Manager.

THE

AMERICAN EXPRESS COMPANY, Far Eastern situation for American Little encouragement is found in

textile industry in Moser's report.

سلطان ماعمار

INC.

Head Beo: 65, Broadway, New York

.U.S.$6,000,000 .0.8.$1,672,464 .U.S.$1,908,209

{£12,500.000.)

Older 30,430.000

(25,550,170) Guild 40,515,000 (25,854,560)

Capital Surplus Reserves

Amsterdam Antwerp

BRANCHES

Jopon Glasgow HAYLOR Hamburg

Nior

Услыш Parla

Ilia Biarrit

Have Interlaken

Теплов

Taking

Bansbar

Jatusiom

Lido

Brussala

London

Buenos Aires · Liverpool

Lucerne

Stamboul Shanghai

Calcotia

Lugano

Сколар

INDE

Karvaitlan

AL

สม

Hand US-AMSTERDAM Easter Head Of:-BATAVIA, AXOHES—Bandiermasz, Dandong", Bombay, Caloits, Cheribon, Djember, Disk- jakasia", The Hague', Jeddah, Mode, Kirim Reilja, Maksniot, Medan, Padang Palembang, Fakalan ng Fontana Bangpos, Botterdam Bamara

Bibolg Bhanghel, Bingapore, Bouzabala, Bosskarta (Solo), Tagel, Tjising and Weltevreden".

•These colose have safe deposit bazes io, London Bankar:-National Provincia! Dank Ltd.

Correspondiala all over the world

Banking busloss of every

description tabagzind.

A. STOKKINE

Acting Manager.

Cong Kong, JL August, 1920.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE: 95, Boulevard Hausmann, Paris, Subscribed Capital .Frs. 72,000,000.00 - Paid Up Capital...Frz. 68,400,000.00 Reserve Funds ....Frs.102,000,000.00

BRANCHES: Bangkok Hong Kong Quinhon

Saigon Hattambang Huo Unntho Mengtzo Shanghai Nam Dinh Singapore Theo Hát Noumea Fort-Bayard Papeets Tientala

Canton

Djiboutl

Haiphong

Harkow

Hanoi

Peking Tourans Pnom Penh Vinh Pondicherry Yunnanfu BANKERS:

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris at der Paya-Bau; Credit Industrial et Commercial; So- ciete Generale,

IN LONDON: The National Pro- vincial & Union Bank of England, Ltd., Comptoir National d'Escompté de Paris; Credit Lyonnais.

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

York.

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

Every description of Banking, and Exchange Business tranmcted. - Safe Deposit Boxes, to let

A LECOT

Manager,

Hong Kong, ist May, 1929.

THE YOKOHAMA SPECIÉ BANK, -LIMITED.

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

Yon 118,500,000 Head Office:YOKOHAMA, Branches and Agencies at: Alexandria”.

Nagoya Nowchwang New York

Balavia

Bombay

Buenos Aires

(Temporarily

(closed),

Calcutta

Canton

Fangoon

Peking

Rio de Janeiro Salgóa

Changchun

Dairen (Dalpy) Ean Francisco

Fengtien (Mukden) "Sentilə

Hamburg

Mankow

Shite

Mazbin

Angeles

Singep

Sydney! Tientals

Colombo

Costeople Copenhagen Edabergs

Gene

Monte Carlo

Manila

Afwatch

Montreux itilan

Planina Rostardan

Benksploa

Tostala Viozna

Venice Yukabama Zurich

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

All classes of Commercial Banking Transactions undertaken,

Personal Investment

handled.

accounta

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.

Affiliated with

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

E. W. DUGGAN,

Manager.

THE BANK OF CHINA.

行銀國中

Reorganized October 26, 1928, under

special charter of The National Gov ornment as

Meanwhile, the Sugar Trust here has decided to discontinus sales temporarily.-Reuter.

BANKA TIN.

TO BE SHIPPED TO AMSTERDAM.

Batavia, Yesterday. Owing to lack of storage here, the Government of the Dutch Indiea is shipping the unsold stock of 8,000 tons of

Barka tin dur ing Docember to Amsterdam,

where it will be stored in the Gov- the sale of the tin will be effect ernment's own warehouses, but

ed in Batavia.-Reuter.

THE YOUNG PLAN.

DR. SCHACHT SUGGESTS

MODIFICATION.

CHINA & JAPAN.

of

SALUTARY EFFECT OF CHINESE STABILITY.

The stability of the Chinese Gov- ernment is followed by an increase of trade between China and Japan according to Salehiro Koshida, Japanese consid-general in Manila. The Consul stated, however, that the prices of the commodities are

to compared very low

previous

years.

He said that at this time of economic depression, the Japanese Government and the people in gen eral are inclined to consume home made good, thus giving preference to home industry. He pointed out that the Japanese people are not prejudiced against imported goods, but since the prices between las

differ a great deal, ported goods and home-made goods the people choose the cheaper ones,

Mr. Koshida said that the idea that Japan exports more and im- ports less is not true. He pointed: out that in 1929 the country im- ported goods, to the amount of 2,148,618,000 yeng and exported Dr. Schacht, former president of goods amounting to 2,216,240,000 the Reichsbank, speaking at a yens with the imports exceeding luncheon of the Bond Club, New the exports to the amount-of- York on October 9, said that the 67,621,000 yens during the year. political situation in Germany had He said that Japan was more for been greatly misrepresented, The tunats in 1929, in 1923 her im German people would not coun- ports exceeded the exports to tha tenance any revolutionary measures amount of

Asia Improving. "Oriental peoples," he states, "are providing their own and the textile needs of their immediate neighbours in increasingly larger measures. Far Eastern markets in the future will be more and more dominated by the cotton textile output of the Far Eastern countries. American and European mills are likely to find competition with thera

He did not desire, he added, to even more severe than in the past, excepting for some years at least, minimise the gravity of the econo-- In in fine-count and finished goods mic difficulties of Germany. and specialities. Here, too, how fact, the German people, because of ever, Asiatic mills are rapidly im-world-wide conditions, and also be proving in efficiency of production and quality of output.

224,859,000yens-

in the present crisis, but were seek- Manila Bulletin. ing to improve matters through constitutional methods.

cause

of Reparations obligations, were faced with deprivations jeo The only remedial suggestion he pardlsing their existence.. presenta is that American indus- Dr. Schacht considered that Ger- tries establish their own cotton many's problem called for. inter mills in the Far East, using local national co-operation. In spite of labour and encouraging the particl- her difficulties, Germany would pation of local institutions in honour her obligations of every de- capitalisation and finance, but ex- scription, and there need be no the Young ercising managerial control with a question about even trained personel from the West. Plan Loan, At the same time, However, the political status of the he reiterated the frequently ex- various countries sets up obstacles pressed belief that the young Plan that make such a procedure one to would have to be modified, bo be undertaken only after serious cause it is impossible for Germany, consideration and a wide technical to meet its requirements. Investigation.-United Press.

THE BANK OF CANTON, LTD. Established 1912.

He said that it is calculated that Germany will have to expand her ex-

UNCLAIMED TELEGRAMS:

THE EASTERN EXTENSION AUSTRALASIA & CHINA TELEGRAPH CO. LTD.

The following unclaimed tele grams are lying at the E.E. Tele- graph Co. Ofce, Hong Kong:

Keayeubora, from Kowiachang, Wilson Marcigann, from Lon-

S. LACK,

Superintendent.

don.:

Hong Kong, December 11, 1980.)

THE GREAT NORTHERN TELEGRAPH CO., LTD OF DENMARK.

The following unclaimed tele port trade by 50 per cent, in order grams are lying at the office of to meet Reparation claims. There the Grant Northern Telegraph are now 4,000,000 anemployed in

Company (Limited) of Den- Germany. Much of the cause of

mark; the present world-wide depression, he declared, was due to social un- rest as a result of the interference. Bangkok, Kaw Tork and Ban andato with the economic welfare of the people by politicians and Govern- ments.

Head Office: Hong Kong.

Authorland Capita! (LX. Cuzincy} #12,000,000- Prid-tip Capital energ 8,065,000 1000000 BRANCHPA- Cantos. Shanghai, lizakow,·· Brakow,

CORRESPONDENXO

Reserva Fund

· LONDON JANKEES —

The Lloyd's Bank, Limited.

In a principal clues of the World.

Foreign ashangu - and -banking dumine of every description sesamurred.

GEH

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital...$25,000,000.00 Fold-Up Capitál Reserve Funds

$24,710,200,00 88,820,503.83

URAD OFFICE: SHANGHAL.

HONG KONG BRANCH:

Queen's Road Central.

Bala Depall Bow (various sizes) në n yearly mantal of trans 85 In 840.

LOOK FOONG SHAN,

Chief Manager. Hong Kong, 14th May, 1980. THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)

HEAD OFFICE-Taipeh, Formosa Incorporated by "Special: Imperiai Charter, 1899,

Central Bank la 7mmons. Bank-sloten lassed Average amount ... Yan.. 45,000,000 'BRANCHES AND AOBNCIES (" JAPAN-Tokyo, Yokohama, Kobe, Osaka.

Kselang Oran, ak Karenic, Makong, Manto, Balbebiko, Tuinhu, Tainan, Takao, Tempul, Tows, Hetto, Triba

Owing to our 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 foreiga banking and exchanges LONDON BANKERS

NA Bhatgal. Henkow, Amoy, Zoockow,

Bralow Cantona ya

UTHERS Hong Kong. Blampore. Boersbays,

ma

We also handle the fasue of Bonds - The London County: Wertmdasher, and Furr's, Bank. and other Publie Funds of the Chiu-

ese Government both at home and oil). Diolesa, karoghout the world, ́abroad."

-The Dẹpk has Correspondants. In all the, principal

SBOUCHEN,

Hong Kong, 6th March, 1920, 190

VLADA NASIL NAQURA. HONG KONG DIAMON AMBER win, Der Toner Road Guofeat.

Manager.

Five thousand or more prize lista have been mailed from the offices of the Vancouver. Exhibition Association covering different de partments of the B.C., Winter Fair, fat stock show, apple and seed fairs and sales to be held nt Hastings Park December 10, 11, 12 and 18. In addition a special prize list has been mailed to the boys and girla feading clubs.

Phihohong, from Amoy. Sun Shun, from Shanghai. Mr. Lim. Teck-slong, Imperial Hotel, Room 74, from Manila.

4905. from Tientsin. Klanhong, from Amoy,- Wing Tack, from Osaka. 8922, from Wenchow. Hirata Matsubara · Hotel, from Osaka.

Schulenburg, Hong Kong Hotel, from Shanghal.

Loslo, from Tientsin. 3558, from Shanghai,

FRIDAY, DECEMBER 12, 1930.

PHOTOGRAPHS

1

taken at the

HONGKONG VOLUNTEER CAMP

at FANLING

are on view

at the

VOLUNTEER HEADQUARTERS

Garden Road.

K. FUJIYAMA

PHOTOGRAPHER.

TEMPORARY OFFICE:

214, Johnston Road, Hong Kong.

Cassis-Rouvière

THE OLDEST EXPORT TRADE MARK - DIJON

Overland China Mail.

A WEEK'S PAPERS IN ONE.

The rescue by boats" crews of H.M.S. Suffolk of the crew of the Dutch schooner Hedwig, set ashore on the Praias Shoals, is fully described in the current OVERLAND CHINA MAIL.

Rotary made an auspicious debut in Hong Kong, when over 100 members of the newly-formed Club attended the inaugural dinner. The OVERLAND CHINA MAIL; in a détailed report of the proceedings, deals with the history, growth, and aims of Rotary, as outlined in the speech of the visiting organizer, Mr. 3. W. Davidson,

:

A mild "run" on the local branch of the National City Bank of New York during the week was thought to have been brought about by the machinations of unscrupulous small coin dealers. Rumours as to the finances of the Head Office of the Bank in New York were finally set at rest upon receipt of an official denial, authorised by the United States Government. The OVERLAND CHINA MAIL gives full details.

The dollar continues to dwindle, and further low records were reached during the week. The OVERLAND CHINA MAIL reports its downward progress.

The sports season is now in full swing, a successful boring tournament, the first of the season, attracting a packed house to the Theatre Royal. The OVERLAND

· CHINA MAIL staff of experts deal with every aspect of local sport.

An aeroplane crash, involving four deaths, two being foreigners, is reported from the Yangisze area. A China Airways machine, in taking off, struck the mast of a junk, with terrible results.. The pilot, an American, was instantly küled, whilst a prominent Chinese General suffered grave MAIL contains Injuries. The OVERLAND CHINÀ despatches on the subject. ⠀⠀⠀

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 relations and friends in lia, and Canada testify to the keen other parts of the wirid frequently pleasure and, interest-ita weekly

· fail to be written even by the most arrival brings, 'ardent correspondents. It is. For your folks at Home to v

kindly thought, therefore, to endureceive this wackly budget, or to keep that those away from the Colony, yourself posted with affairs during or folks at Home, should have an your absence, all that you have to unfailing' supply of Hong Kong do la to drop a nole, to the "Overs F. V. JENSEN,

and Chinese news every week--by land China Mail” means of a subscription to the Superintendent

The word "Overland" is a re- "Overland China “Mall” ^ Hong Kong, December 10, 1980.

| 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 post only Colony, to be sant OVERLAND of $4 for three months, the because there was no Sues Canal, "Overland China Mall" will be and that was the quickest route sent Home for you every week, by which to get mall Home. In eatching the mail regularly. If the march of time the “Overland contains the news and special China Mail has become the most features from the day China popular weekly news budget, as it Mail that make a studied appeal has been compiled just to euft people with any interes present-day requirements, as it has whatsoever in Hong Kong, and done all along. What more could many lettori: from Home, Austra- be désired 1

THREE RECORD BREAKERS

to

READY NOW.

Mail via Suez closes at 6 pm, December 12, and via Siberia at 5 pm, December 13.

THE BANK OF EAST ASIA, LTD.

Established 1918

HEAD OFFICE:

10, Des Voeux Road, Central

HONG KONGS

́and-Barplus:

Over H$8,000,000.00,

description of Banking

counts in local and Lor-

and Fixed Dor

baffers that have mida ( the last is a three

Tur Bose

were bred on an 'AVILÁGU "Ontario fürth, mil xired by the zaDU and each purchased dian Pacific when, unday *months of ages

• Production, nepard

Jones, app

SINGLE COPY

25 Cents.

[Sold on the streets and at the booksfalls me you can' amd you

“to the omon-ILK: $18. per kkITIA,

$15 Including, postage abroad.:: Half-yoertj

or quarterly perioda pro rata.1

No. 1A, WINDHAM STREET-PHONE 20022.

THE OVERLAND CHINA MAIL

Hoi Lon 106