1931-01-06 — Page 2

Page

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital .......

$50,000,000

Imusd and Yully Faid-up $30,000,00 Reserva Funde:-

Berlag P8,500,000

Over............$2,500,000

Reserva Zlability of Propriators $20,000.000 HEAD OPPIOR: HONG KONG,

BOARD OF DIRECTONG;—

J. A. Pummar, Esq.

Chalem so.

Hon. Mr. C. 0. 9. Kaskia. Deputy Chairmas.

W. II. Bell, Esq.

ton. Mr. J. 7. Paternoa.

H. Campion, E14. T. B. Pearce, Esq. Lander Lewis, Esq. T. i. 3. Bhaw, Ev

P. Miskin, Esq.

AMOY

BANGROS

DATAVIA

BOMBAY

CALCUTTA

CANTON

QUETOO

COLOMBO

HOW

DAIREN

HAIPHONG

HAMBUNG

HANKOW

HABBIN

ICNOSEW

ILOILO

ПРОП

JOHORE

KOBE

KOWLOON

J. P. Warren, Erg.

Chale Manager.

V. M. Grays, Feq.

BRANCHEB:-

KUALA LUMPUR

LONDON LYONS

A BACCA

MANILA

MUAR (Johor)

MURDEL

NAGASAKI

NEW YORK

PEIPINO

PENANG

SAN FRANCISCU

NANCIOON

SAIGON

SGANGUAT

BINDAPORE

SOURABATA

SUNDEI PATANI

TIENT IN

10810

TSINGTAO

YOKOLAMA

Currant courata opened in Local Currsany and Fixed Depoelia incital for you year F shorter perioda in Loral Cortenoy and being antart which will be quoted on application

Bong Krog, apeli, 1980.

HONG KONG SAVINGS BANK.

The Business of the above Desk is ovaduot a sẻ by the HONG KONG AND SHANGRAI BANKING CORPORATION. Balss may be milained on application.

YO THE HUNGRONO AND SHANGHAI BANKING CORPORATION.

V. M. DRAYBURN,

Bong Kong, 18th July, 1900,

Chial Mange.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING BOCIETY)

BANKERS.

Etablished 1825.

Hong Kong 05:11, Queen's Bond Cantrs). Authorina Capital Guflders 150,000.000

Paid-up Capital

Emre Fund

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

HEAD OFFICE: LONDON. Paid-up Capital

Reserve Lability of Pro-

prietors

agencies and Branches:

THE CHINA MAIL.

Commerce and Finance

Reserve Fund

.£9,000,000 £1,000,000

...........£3,000,000

KUALA LUMPUR

SIAM RICE,

KUCHINO

MAUBAS

MANILA

MEDAN

NEW YORK

FIRST OFFICIAL FORECAST OF THE CROP.

ALOK STAK

(Malayan!

AMRITSAR

BANUKUK BATAVIA BONDAY

DALOUTTA

CANTON

CAWNPURE

CELU

COLANDO

DAIREN (Ding

Houth Wancharla)

DELBI

KATPRONO

HAMBURG

PERINO PENANG PESHAWAR KANGOON

SAIGON

SELATANO

SEREMBAN

SILANGBA

SINGAPORE

SOURABAYA

TAIPING (F.M.8.)

HANKOW

WARNIN

(N. Manchuria)

HÒNG EON

TAVOY

ILOILO

KARACHI

IPOT

KLANG

KODE

KUALA KANGSAN

(Perak P.M.S.)

TIENTSIN

TOKYO

TONGKAR (Bhukel)

TSINGTAO

YOKOHAMA

ZAMBOANGA

(Philippine Islands)

General

Foreign Exchango and

Banking business transacted,

Current Accounts opened and Fix. ed Deposits received for 1 year or

be quoted on application,

Manager.

THE HO HONG BANK, LTD.

(Established 1917.)

Recorvo Liabilities

of Shareholders Surplus

2,520,000

Exchange business transacted.

TAN ENG HOOL,

THE

Manager.

The first official forecast issued

CENTRAL BANKS.

REGULATION OF MONEY SUPPLIES.

BRITISH DYESTUFFS. subject of "Contral Banks and the

AN APPEAL FOR PROTECTION.

factures.

In the course of an article on the

Control of the Supply of Money," in the quarterly report published by the Skandinaviaka Kreditaktie- bolaget, Professor Gustav Cassel Bays:---

the rate

may not

TUESDAY, JANUARY 6, 1931.

TRADE WITH IRISH

FREE STATE.

Exports Must Have Special Trade Mark.

DAWN OF PROSPERITY,

CANADA'S TRADE.

BRITAIN'S REVENUE FROM "SERVICE."

Speaking at the luncheon which followed the launch of the Royal Canadian torpedo-boat destroyer Skeena from the yards of John L. Thornycroft and Co., Southampton, Mr. H. H. Stevens, Minister of Trade and Commerce in the Domin ion Government, and one

of the Canadian delegates to the Imperial Conference, said that while the trade balance between Great Bri- tain and Canada was unfavourable to Great Britain, there was such a thing as the "Invisible balance," and this must be taken into account when considering the trading situa tion between the two countries.

Great Britain, for example, was the greatest vendor of "service" to Canada in the arena of shipping,. representing a very large amount per annum in monetary value, Mr. Stevens eafd. In addition, during the laat five years Canada had given ordera to British shipbuilding yards for 152 ships of varying ton- nage. Some 32 of these were large freighters, engaged in British and Canadian trade.

Attention is drawn to the risk which is being run by Britlah "It is highly important to re manufacturers and exporters in member that the sole function of not taking precautions to see that Dr. E. F. Armstrong, chairman the central bank is to regulate the articles they sell or otherwise use by the Ministry of Commerce and of the Association of British supply of means of payment. It is in the Irish Free State do not bear Communications of the yield of Chemical Manufacturers,

not the business of the central bank the expression "Registered Trade address- 1930 rice crop in the Seven Innering the Society of Dyers and anything, the reverse should be the question is

to control the capital market. If Mark" unless the trade mark in Circles

actually registered is 49,530,000 piculs of Colourists, sald' that the Dyestuffe case. The central bank should al. under the provisions of the Irish padi, or 2,960,000 tons, from Import Regulation) Act, 1920, ways endeavour to adjust its rates Free State Act. which it is estimated that which probibited the importation of of interest as closely as possible to Messrs. Hughes & Young, Patent 29,000,000 piculs, or 1,725,000 dyes into the country except under the level required in order to main- and Trade Mark Agents, of 9, War- licence, had, in spite of the in- tain equilibrium on the capital wick Court, High Holborn, London, tons, will be available for export. dustrial and other difficulties which market. A deviation from this pro- England, advise us that ander one The planted area, as known at had to be encountered during the ramme is permissible only where of the sections of the Irish Free shorter periods at rates which will the end of October, was 11,320,000 past 10 years largely fulfilled its the central bank considers it desir State Act it is an offence to mark

rai, or 4,528,000 acres (a new re- main purpose, and the foundations able to raise or lower the level of an article with the words Register A. H. FERGUSON, cord), and the total damage is of a British dye industry had been prices.

ed Trade Mark unless the trade estimated for the present at wall and truly lald. Hong Kong, 8th January, 1929.

"The discount rate may some-, mark is actually registered in the 1,000,000 rai, or 400,000 acres. The Dyestuffs Act, which was times have too limited a field in Irish Free State. The grain itself is stated on the due to expire in January, was which to work, so that changes in

-There still exists amongst a whole to be of good quality and passed mainly at the instigation

have the full large number of manufacturers heavy, and the yield has been and with the help of the colour effect intended." Professor Cassel and exporters in Great Britain the calculated, therefore, on an aver-users in order that never again thon gives means by which the can misapprehension that a trade mark HEAD OFFICE:—SINGAPORE. aga of 4.8 pleuls per rai. Hong Kong Branch: 13, Queen's Rd. C. only district which appears

Great Britain also drew a very The night they be at the mercy of a tral bank may render its discount registered in Great Britain Includes

to foreign country, as

they were in policy more effective, and concludes the Irish Free State, or further, considerable amount of interest Authorised Capital Strafts $20,000,000 have suffered severely is that of 1914.

The success of the Act had with the question: "What foundation that there is no act in the Irish each year from

her extensive in- Issued Capital

8,000,000 Lopburi, where the loss is reckon- been largely due to the co-operation is there for the contention that the Free State which makes it essen- vestments in Canada,

an amount Pald-up Capital

4,000,000 ed to be nearly 25 per cent. of the of the users, who in the early days, central banks are unable to give tial for trade marks bearing the which materially reduced the actual planted area. Samud Sakorn also had admittedly to accept certain proper effect to the measures which words Registered actually to be the unfavourable balance between the 4,000,000 suffered considerable damage, but economic handicaps before the Bri- they adopt for regulating the supply subject of a Trade Mark on the Motherland and the Dominion. A Branches, Agencies and Correspon-small one.

the area involved is relatively atish market could perfect his manu-of money and thus also, the level of Irish Free State register.

closer study of the whole situation, dents in the principal cities of the

These burdens had now tion that the central banks are

A Common Mistake.

he thought, should tend to lessen world..

As anticipated, the carry-over become negligible, and if the effect prices? Without a frank recogni

Quite a large number of British any prejudice against Every description of Banking and from last year's crop is large, in of the whole period of the Act on sovereign in this field, a tenable manufacturers and exporters, is which might exist regarding the Canada spite of the poor yield, and is re- the colour consuming industries theory of monetary policy cannot be sending goods to the Irish Free trading relations between the two ported to be in the neighbourhood were summed of 200,000 tons.

up impartially, it formulated at all, and the recognl-State bearing a trade mark which countries. would be found that the balance tion of this truth is simply indis- includes the word "Registered," Regarding Mr. Bennett's declara- was much to the advantage of the pensable if the world is ever to ar and these people are obviously tion of Canada's policy in the mat- colour users. The Act had also rive at a satisfactory stabilisation under some misunderstanding aster of Imperial preference, Mr. enabled the dye industry, with Ita of its monetary system.”

to the actual requirements of the Stevens said he believed this would numerous ramineations, to lay

Irish Free State authorities. It is prove to be historic in looking to sound foundations for future ex-

understood that action is being the extension of Empire trade. We pansion and development. Further,

considered by the appropriate traders, and in the realm of com- our schools of training and re-

guised, if unintentional, breach of merce the Empire would and ite authorities whereby this undie bad to survoy the situation as search in organic chemistry were now second to none, and the train-

the Irish Free State laws will re- best development, not simply In nd chemists which they had provid-

sult in legal action by the authori- trade within the Empire, but in ed had been of inestimable value in en Volksbank van Leuven, which against offenders and, therefore,

The Algemeene Bankvereeniging ties. possibly involving fine world trade.. The lots were knocked down as the development of every branch has a capital of Frs. 200,000,000 manufacturers are strongly advising its export and import relation

Canada was desirous of extend- follows:-

of organic chemistry, and of the and is closely connected with the ed to take prompt measures to en-ship with the Mother Country, but Inland Lot No. 3,188 at Wong-numerous Industries outside the Belgian Boerenbond, the great sure that either the word "Regis also realised the need for develop neichong, comprising an area of purely chemical field which

Flemish agricultural union, is to tered" does not appear in conjuncing its markets in other countries. about 0,000 square feet, was offer-quired the services of organic concentrate the Flemish banking tion with their trade mark in the ed for sale at the upset price of chemists.

If we all pulled together as au interests by forming a powerful Irish Free State or that their trade Empire nothing could prevent us $24,000, and was sold for $29,000

Can It Withstand Competition. trust. to Messrs. Ng Chak-wa, Au Pak-

mark is registered in the Irish Free from achieving success. man and Un Che-hing, of 157,

What of the future?

Two of the biggest Flemien State, and Messrs. Hughes & Could the banking groups existing in Bel-Young state that present condi Wing Lok Street.

British dye Industry now withstand gium, besides the Algemeene Bank-tions in the Irish Free State make Both the other two lots were unaided the full fords of world sold to Mr. Wong Wai-shan of competition or

vereeniging en Volksbank vanit advisable that British Manufac- The Town of Estevan on Septem- must a further Leuven, will be absorbed. The turers should take care of their ber 24 opened three new industrial 80, Prince Edward Road. The period of protection be granted? banks concerned are, firstly, the trade marks in anticipation of first lot was, New Kowloon In Practically every country

plants at a ceremony attended by land Lot No. 1,441 in Cheung Sha portance had, since the War, en of Antwerp (capital, Frs. 40,000,- particularly is it necessary for fessional men of Western Canada; of Im Algeemene on Beleggings kantoor, revival of Irish prosperity. More some 800 leading business and pro- Wan Road with an area of 1,188 deavoured, in the interests of na-000), of which the chairman is the British manufacturers to protect and "The Mercury," in a special All classes of Commercial Banking | $2,079

square feet. It was offered at tional security, to establish a dye burgomaster of Antwerp, Mr. van themselves against a possibility of issue, notes the recent progress of

and gold at $6,400, industry of its own, invariably Cauwelaert; and, while the second lot. No. under the protection of tariff walls. Bank voor Oostfianderon (capital, marks in the Irish Free State and the extent of whose agricultural secondly, the foreign competitors reglatoring this little town of 3,000 persons, accounts 1,442, at the junction of Un Chau The result to-day wAB

and Kweilin Streets, Shamshuipo, world's capacity for dye production

that the Frs. 50,000,000) of Ghent.

thereby possibly placing them and mineral wealth is only begin- was put up at $11,016 and sold for was about twice the

The new financial group will be selves in $12,500.

world's con-styled

a privileged positionning to be realized. Among other the Algemeene Bank which could in some cases reason- things, It boasts of having the only sumption, a state of affairs which vereeniging. The capital of the ably involve acquiring marketa plant in Canada making stone-grey always led to vigorous competition new merger company will amount hitherto owned by British manu- building brick and of having the ind under cutting in the open to about Frs. 550,000,000. markets. The competition was be

largest nurseries in the Dominion. coming intensified by-the general Industrial depression which naturally reducing the consumption of dyes. Thus to leave the Bri tish dye industry unprotected, especially in the prescat state of world trade, would be to invite the

AMERICAN EXPRESS COMPANY, INC.

Head Ofice: 65, Broadway, New York.

(21250.000.)

Golders 80,180,000 {£3,040,170) Quilders' 40,011,000

+(25,230,588

Capital *Surplus

Head Office:-AMSTERDAM Eastern Head Office :~BATAVIA. BRANCHES:-Bandirmasla. Bandcong", Bombay,

Calcutta, Charbon, Djember, Djak jakarta". The Engia”, Jeddah, Kobe, Roto-Radja, Makassar, Medan, Pečang Palarobang. Pakilingan, Panang. Pontianak, Bangvon, Botterdam tamarang, Shangbal, Bibolga {Bumala), Bragspore Boarabaia, Soseskarta (Solo), Togel, Tilialay and

Weltevredea

• Thiss oltons" hang, male daposli bazen te lei. Londen Bantar-tional Provincial Bank Låd.

Correspondents all over the world

Banking business of every description transacted.

A. STOKKINE.

Aeling Manager,

Hong Kong 18th August, 100,

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

B8, Boulevard Haussmans, Paris,

Reservos

matardam Antwerp Attes Dasla

U.9,$6,000,000 U.9.$1,572,454 .U.8.$1,008,209

BRANCHES:

Педса Olango

.

Nic Naples

Berlin Biarri Bcaabay

не

BATAS Hamburg HATIR Interlaken

Peris

Issant

Jerusale

Fuking Talaria

Lido

Brukssta Bueno Calra Onli

I.

Lugano

Own

London Liverpool

gieܐ

Marion

Colombo Constantinople Monte Carlo

Copenhagen Edinburgh

Thorace Unser

Manlia

Munsh

Montess Milan

Botlardan Roma Funboul

Thangkai Southampton Singapore Et. Morite Tiantala

Yleans

Vendos Yolbarns Barish

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

Transactions undertaken,

Personal investmont

Subscaled Capital Frs. 72,000,000,00 Paid-up Capital ...Frs. 83,400,000.00, handled. Beporve Funds.FIN.192,000,000.00"

BRANCHES:

Bangkok Hong Kong Quinhon Battambang Hue

Salgon tantho Mengtze Shanghai Canton Nam Đinh Singapore Djibout Neumen Thanhes

Fort-Bayard Papeeto Tientsin Haiphong Poking Tourans Harkow Pnom Penh Vinh Hanoi Pondicherry Yunnanfo

BANKERS:

IN FRANCE: Comptoir National d'Escompte de Paris: Credit Lyonnais; Fanque de Paris et des Pays-Bas; Credit Industriel et Dommerelal; So- cata Gaverale.

IN LONDON: The National Fro vincial & Union Bank of England, Ltd. Comptoir National d'Escompta de Paris: Credit Lyonsalk.“-

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

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.

T

Afiliated with

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

E. W. DUGGAN,

Manager.

THE BANK OF CHINA.

行銀國中

Reorganised October 26, 1928, under

special charter of The National Gov-

Interest Allowed on Current Ac-rument as an counts and Fixed Deposits according to arrangements.

Every description of Banking and Exchange Business transacted.

Safe Deposit Boxes to let

VA LECOT,

Manager Hong Kong, Int May, 1929.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1880. "Capital (fully paid-up) Yen 109,000,000 Reserve Fund. Ten 113,500,000 Head Offices YOKOHAMA, Branches and Agencies at; Alexandria

•Nagoya Newchwang New York Osaka

Batavia Bombay.

Buenos Aires"

(Temporarily

Clowed),.

CaJenita

Canton

Changchun

Dziren (Dalpy)

Feking Rangoon

Fangton (Makden) Battle

Hainburg

Hankow

Harbin

Tone Kode

BANK.

INTERNATIONAL EXCHANGE

Subscribed Capital . .$25,000,000.00 Paid-Up Capital ..$24,710,200,00 Reserve Funds

LAND SALES.

Three lots of Crown land were sold by auction at the offices of the P.W.D. yesterday afternoon, there being brisk bidding in each

case.

THE BANK OF CANTON, LTD. Established 1912.

Head Ofice-Hong Kong. Authorfood Capital (II.K. Currency) $11,000,000 Pald-Up Capit Barra Bend........

la

L""""-",

ДВАМОЦЕН:-

Centoc, Banghai, Hankow

1,666,000 1,000,000

Swalow,

re-

WAY

Bangkek How Tork sad Ban Francisco, dumping of foreign dyes at un

CORNEAPONDENTS

LONDON BANKERK 1-

The Lloyd's Bank, Limited.

principal ellen of the World. Forslags and banking business a my decription tranenciad

Bala Depo Bom (various slasa), så a›ymely racial af bruns și la 850.

LOOK POONG SHAN,

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

THE BANK OF TAIWAN, LTD. (TAIWAN: GINKO.)

economle prices to the serious de triment of the industry.

con-

Progress would be Impeded, de- velopment arrested and the sumption of the work which it was the object of the Act to achieve would not be attained. There would," also be a serious danger that part of the position which had been cap- tared would be lost to our foreign competitora. Only our rivala would benefit by this. The colour users while they might secure tem- porary benefits from the low prices which would result from the throw- Ing open of the British markets, Conval Dank in Formost

would suffer in the long run from Bank Notes Lauad Average amount 10,400,000 the relmposition of foreign mono-

BRANCHES AND AGENCIES JAPAN-Tokyo, Tokobama, Kobe, Osaka

polles. In view of the lessons of FORMOSA-Glan, Tag, put Karenko Kistung,

Takan, Tamaal. Toen Halto, Zallo Kalong Rasto,-Thlachiky, Zalchu, Jalna, 1914 it would be folly on their part Angaanbeway Foschow, to countenance such a state of Bestow, Confed. OXITERS Long Bingsport,Bourabaya,

| affaira, 2de MAN

..$ 8,820,503.82 | HEAD OFFICE-Talpeb, FormDIE.

Incorporated by Special Imperial

HEAD OFFICE; SHANGHAL

HONG KONG BRANCH:

4, Queen's Road Central.

Õ་‚! ་ 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 foreign banking and exchanges.

We also handle the issue of Bonds and sther Publis. Funda of the Chin- est. Government both at "home and abroad.

SHOU J. CHEN,

De Manager. Hong Kong, 6th March, 1980

A Charter, 1899.

marang Batavia Bombay. Caloutée, Facilities for research and train- ing in organic chemistry would be

London, Kee-ok, Dairen,

LONDON BANKZRS PAN

The London County Westminster And Para Dak restricted as the batlata for train

The Bank as Correspondantste in all the pekpeed man were diminished; with re- Donamaridad. Cenizes throughout the world.

DK. MAGUITA.

Manapur

HONÓ KONG IBINGES

3D Vani Bond Central' Hong Kong, de Zamory, 1989,

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICE:

10, Des Voeux Road, Central,

HONG KONGAY

percussive effects on other In- dustrial activities. Thus there was everything to Jose by the with- drawal of protection for this im- portant key industry at this stage, and there were no countervailing advantages which would make the risk worth while. The dyemakers, therefore, pleaded in the interests of national prosperity, and security. for a-continuance of the Act. They had offer certain concessions which remove the last trace handicap to the colour ndustry.-- There should, on the

Rio de Janeiro Saigos San Francisco

Semarang

Sharplai

Elimonoseki Bisgepora Sourabaya Sydzey Tientáln

Capital and Burplus

Total Resources?

cover IL$ 8,000,000.00. *Flower: 11380,000,000.00)

Every description of Banking and Exchange business transacted.

of econ consul therefore part take

Current and Fired Deposit Accounts in local and for eign currencies oponed for elle

chemale

man

ife was

Ravings Account, and Bufa

Branches and Arenoleu

FO

BANK FUSION. FORMATION OF A POWERFUL

TRUST.

facturers.

8

Championship Fish from Ontario Waters.

Jesuita are out for the three misfer Bahing com) Lake of the Woods-four bounds, 1 ounces in weight

tion held in Ontario each year at French Rivar, just over 21-Inches long and 1195% inches in sighi It fall Dijon River and Devil's Gap Bungalow Camp, to the rod of an Optiones, of Ste Louis, Mo. Bäch wianRE hron contests being sponsored, and trophies awarded was awarded a framed certificate algned by the judges":

athe Canadian Pacific Railway Complaty

of the contest and ware kiss given gold lapel buttons, ward!!* 49.54 lich mustalone taken from the| Fishing? wka, uxciptionally good this year, in these French River by FR: Spotts, of Huniekam, exas) vections and the winband/wwow uʻ-against the skiferty

kind of bombpetition &.

335inches long and dé inches in virti

ontent; left; top: fake

right roy, Nipigon River Spec