1931-02-05 — Page 2

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2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Coolal

Issued and Fully Pull-up (10,000,000 Barre Pode-

Darling Sher

85,800,000 -13,600,000

Havarro Liability of Proprietors 10,000,000

HEAD OFFICE: HONG KONG,

BOARD OF DIRECTORA:-

J. A. Plummit, Esq. Chaletas.

Hon. Mr. G. O. 8. Maskia. Deputy Chairman.

H. Bell, Esq. Hep. Mr. J. J Pater.

A. B. Compion, Esq. T. E. Peatro, Eng

1. Lazdor Lewis, Eaq, T, H, R. Shaw, Eng.

utkin. Eng.

F

MON

BANITROR

MATAVIA

ROMBAY

CALOUTTA

3. P. Warren, Zoy

Chial Manager.

V. M. Onglais, Esq.

BRANCHES:-

LONDON

LYSINS

MALACCA

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1859.

HEAD OFFICE: LONDON. Paid-up Capital

Reserve Fund

.£3,000,000 £1,000,000

Reserve Liability of Pro-

prietors

.£3,000,000

Agencies and Branches:

KUALA LUMPUR

(Malay Mal)

SHOHING

AMRITSAR

MADKAS

MANILA

MEDAN

NEW YORK

ALOR STAR

BANGKOK BATAVIA DOMDAY CALOUITA CANTUN CAWNFORE CEBU

COLOMHO

DAIKEN (Daing

South Manchis)

DELI!

HAIYRONA

HAMBIO

RANKOW

HARDIN

(N. Manchuria)

ITONG KONG

FRKING

PESANO PESHAWAR BANUDON

HALLION

BESARANG

BEBEKDAN

BHANGHAI

SINGAPORE

GOURABAYA

TAIPING (P.M.S.} ΤΑΥΟΣ

TIESTAIN. TOKYO

TONGKAU (Jhukai) TENOTAO YOKOHAMA ZAMBOANGA

THE CHINA MAIL.

Commerce and

Finance

BRITISH DEBT TO

AMERICA.

"Someone Must Take

the Lead."

A MORATORIUM.

London, Dec. 12.

Suggesting that it was the place of Great Britain to apply to the United States for a moratorium on debts due to the economie situa tion. Commander J. M. Kenworthy, (Perak FM.S.)

Labour Member of Parliament, to Foreign

Exchange and

day lengthily discussed the hint Banking business transacted.

Current Accounts opened and Fix-recently given by Mr. Owen D. et Deposits received for 1 year or Young that the United States might shorter periods at rates which will

view sympathetically a request for be quoted on application.

debts readjustment.

MANILA

HAILO

MOAB (Johor)

CANTON

WORDEU

KARACHI

KLANG

CARFOO COLOMBO

NAGABAZI

KOBE

NEW YORK

KUALA HANOBAR

DAIBEN POOCHOW

PRIPINO

GAIPHONG

HAMBURG HANKOW WARNIN

BAX PRANCINÇO

DONGKEW

IKH

JOHORE

BUNURI PATANI TIEXTRIN

ROBE

TORIA

KOWLOON

KUALA LUMPUR

PENANG

HANGODN

NAKHON

SITANULA!

SINGAPULE

SQUBADAYA

TSINGTAO YOKOHAMA

Current Accounts upooed to Local Cuicanos and Fixed Depoers rosited for one y

Charter pericula in Local Currency and Harling e tarma hich will be quoted on application Eleog. Kong, Tal ápril, 1980.

HONG KONG SAVINGS BANK.

The Busine of the above Bank in condurr

s by the HONG KONG AND SULANOMAI BANKING CORPORATION,

opianed on appll-ation!

Rules may be

FOR THE HONGKONG AND SHANGHAI RANEINO CORPORATION.

V.. GRAYBURN,

Houg Kany, 10th July, 10.

Chief Mencet.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADESO HOCIETY)

BANKERS.

Extatmod 1824.

2 Kour UB1-1, Qumu'a soad Central. Alkorsed Capital Guilders 150,000,000-

(212,600,000,} Pald-Up Capat ........................... Hallders 80,080,000 (26,505,170) Boar Pond Builders 2015,000 [25,881,582)

kendo-A3STEUDSM Eastern land 'Olice:-DATAVIA. BRANCHES :-Dundjermazio, Bandwerg", Bombaj.

Caleta, Chibou, Djember, jok jakarta", Tim Bagus", Jeddah, Esba, Honkamas, Madan, Padang

Palembang, Pakalongan, Fuzenz. Fontianak, Angoon, Hotterdam", Hamerang Bhatghal, Cibolg

(Bara). Biospore Bourabole, Ngareiraria (Bolol. Togai, Tjilaizo and Weliavroden

• The oc bare safe deposit bares to lek. London Bankers:-National Prorizelai Bank LM.

Contraponins all over the world

Banking kusina di avery dare!plion traced.

A. STOKKINK,

Acting Manager.

Elong Kong, 18th August, 1900,

BANQUE DE L'INDO-CHINE,

HEAD OFFICE:

96, Boulevard Haussmann, Paris. Subscribed Capital Frs. 72,000,000.00 Paid-Up Capital Fra. 48,400,000.00 ....Fra.102,000,000.00 Reserve Funds

BRANCHES: Bangkok Hong Kong Quinbou Battambang Han Saigon Cantho Mengtre Stanghal Canton Nam-Diab Singapore Djibouti Neumea Thanhea Fort-Bayard Papeote Tientsin

Haiphong Peking Tourane Hapkow Fuum-Panh Vịnh 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; So dato 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.

(Philippine Islands)

Conera!

A. H. FERGUSON,

Manager. Hong Kong. 8th January, 1929.

"The payment of international war debts," declared Mr. Ken- worthy in an exclusive interview with the United Press, "is one of

It is dislocating

BANK OF EAST ASIA.

DIVIDEND OF $6 PER SHARE.

$2 BONUS.

THURSDAY, FEBRUARY 5, 1931.

COTTON STRIKE,

PREMIER URGES EARLY SETTLEMENT.

are

Rugby, Yesterday. Negotiations to end the stop- The Directors of the Bank of page in the cotton industry "Britain, defiritely," he conclud Sast Asia, Ltd., announce that, sub. continuing, and Although the ed, "should make the proposal. Iject to audit, the prout for the year meeting yesterday of employers am hoping strongly that our ended December 31, 1980, after and the unions, to which the Cabinet will authorize our Foreign writing off all charges and making Prime Minister addressed a letter Secretary to suggest a moratorium provisions for depreciation, bad urging an early settlement, had no at the earlleat possible moment.” doubtful debts and other contin-esult, hope is held that the gen-i

Mr. Kenworthy although known rencies, and including the balance cral council as a keen believer in what he calls of $447,994,66 brought forward from the "tremendous importance of war 1920, amounts to $1,466,425.01, debts and the reparatione ques-which the Directors propose to deal tion," a known abroad chiefly for with at the forthcoming annual his work as a naval expert and meeting as follows:- writer. Best known among his hooks is, perhaps, "The Freedom of the Seas." He has just completed "New Wars New Weapons" a book which netted him the written con- gratulations of his personal friend George Bernard Shaw.-United

Preas.

PINEAPPLE INDUSTRY IN THE P.I.

+

THE HO HONG BANK, LTD, the prime causes Jepression and Operations of Packing

(Established 1917.)

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

5,000,000

Authorised Capital Straits $20,000,000 Issued Capital Paid-up Capital ... Reserve Liabilities

of Shareholders Suxplos

BJ

unemployment.

the financial markets of the world It is destroying confidence and eresting uncertainty. It has led to poverty and distress.

"It is impossible to transfor 4,000,000 these huge sums from one country 4,000,000 to another without great injury 2,526,000 and unless something is done about it the position will be far worse in the future, for the following

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

Every description of Banking and Exchange business transacted.

TAN ENG HOOL,

Manager,

reasons:

Vicious Circle.

"Up to now, Germany has paid France and Italy. France and Italy has paid Britain. Britain has paid the United States and .... the United States lends the AMERICAN EXPRESS COMPANY, money back to Germany. That is

THE

INC.

Head Oce: 65, Broadway. New York,

Capital Surplus

Reserves

Amterdam Antwerp

Alha

Fecha

U.S.$0,000.000 .U.S.51,572,454 - U.S.$1,903,209

BRANCHES:-

tu Kapion

Pleas

Parte

fil gow Harsan Hamburg Masto "Interlaken Jerem

terrike Bomb

1remo

Braunt

London

Buson Airso

Liverpool

Calzo Calculta Садов Colombe

Izucarue

Lugano

Luzor

Copenhagen

Luftburgh

Marseilles Constantinople Monte Carlo

Manila

Jan LD

taking Peter Kolterdam Bois Samboui Ebang bai Heuthampton Bingapore St. Morits Tiental

her

Corporation.

Manila, Jan. 13. The commercial phase of the Philippine's new pineapple indus) try has begun with the first ap preciable shipment of packed pine- apples now en route to the Ameri can market.

The steamer Fairfield City re- cently loaded 22,000 cases at the wharf at Bugo, in Mindanao for New York.

The pineapples come from the land and plant of the Philippine Packing Corporation, a $1,250,000 corporation organized by the California Packing manufacturer of the well-known company,

"Del Monte" brands.

really roughly what the whole thing amounts to. As a result the After experiments conducted net payments by Germany have over a period of several years, the therefore been comparatively new concern began an intensive de- slight. Now, in order to continue velopment of a project in Bukid- Young payments, Germany non province On the southern. must pay in goods, To do this, island of Mindanao in 1928. ahe will food the export markets

The company obtained the maxi- of the world in her products. mum land permitted under the These she will sacrifice at any lands laws, 1024 Hectares price so as to undersell everyone roughly 2,500 acres, and now has cise.

about 50 per cent. planted,

"Unless this is tackled, unem ployment in the United States and Great Britain will continue, it will, In fact, become worse than

any thing that has yet been seen."

After adding that "Bankers and Economista are agreed" that there Florace G1347

should be a long moratorium on all Brunches

American Express debts and réparations he continu Company in Principal cities of United: ed States of America and Canada.

Britain is Indicated. "But someone must take the lead,

Munich Mtonirour 32ian

of

Transactions undertaken.

Personal

handled.

investment

Vianna

Frajon

Yokohama Zurich

no one is able

All classes of Commercial Banking For domestic reasons, apparently, to do so in the accounts United States. The rext, therefore, is Great Britain which has paid its The Company offers to intending

way, is financially solvent and far Travelers the use of its "Travelers stronger than is generally realized Cheques" and Letters of Credit and,

and which, incidentally, is still the In addition, the world-wide services money market of the world." of its thoroughly equipped Travel De- partment

+

Affiliated with

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

E. W. DUGGAN,

Alzanger.

THE BANK OF CHINA.

行銀國中

Interest allowed on Carrent Ac-ernment as an 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, lit May, 1929.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1880.

Capital (fully paid-up) Yen 160,000,000 Reserve Fund.......Yen 118,000,000 Head Office:YOKOHAMA.

Brunches and Agencies ats Alexandria

Nagoya Nowchwang Now York Osaka

Batavia Bombay Buenos Aires

(Temporarliy (closed) Calcutta

Canton

Changchun

Dairen (Dalny)

Peking

Hongoon

Rio de Janeiro Balgon

San Francisco

Fongtien (Mukden) Beattle

Hamburg

Hankow

Harbia

Hoa" Kany Εξαποληξε

Kai Yuen Karachi

Kobe

London

Los Angeles.

Manila Nagunaki

Reorganised October 28, 1928, ander apeclal charter of The National Gov-

INTERNATIONAL EXCHANGE BANK. Subscribed Capital ...$25,000,000.00 Paid-Up Capital .....$24,710,000,00 Roserve Funds

1.$ 3,820,508.82

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4 Queen's Road Central.

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 handio the fasue of Bonds and other Pablle Funds of the Chin- ela Government both at home and abroad.

SHOU-J. CHEN,

Manager, Hong Kong, 5th March, 1930.

or

A packing plant was built and a railroad constructed to a modern wharf at Bugo. The plant began operating on a limited scale last, summer, the product going to the local pineapple market.

Regular Shipments. Henceforth the company will be prepared to make regular ship- ments to outside markets in in- creasing quantities.

The Philippine Packing Corpora- tion will operate the project on lines similar to the practice in the sugar centrals. The company will give reasonable financial assistance to planters who are willing to de velop surrounding country,

California Packing company ex- perts who are familiar with the Hawali pineapple product through

THE BANK OF CANTON, LTD. that concern's operations there,

Established 1912:

Head Offee Hong Kong.

Authorland Capital (H.K. Currency: $11,000,000 Paid-up Capital as

1,665,100 1,000,000

BRANCHE:-

Canton, Khanghai. Hankow, Bestow Bengkok, New York and San Francisco.

CORRESPONDENTS

LONDON BANKERS + -

The Lloyd's Bank, Idmitad.

Jo all principal cities of the World.

Forsign szobangs and banking business of every description trinneted.

Baie Depoli Boren (various xizon) at a yearly

rental at brom $5 to $10.

LOOK POONG SHAN,

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

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

HEAD OFFICE:-Taipeh, Formosa. Incorporated by Special Imperial Charter, 1899.

Central Bank In Porn. Bank-Nolas izsund Average amount...Yen 45,000,000 BRANCHES AND AGENCIES JAPAN:Tokyo, Yokohama, Kobe, Osaks. FORMOSA

Barunko

Emlus. Makong, Naalo, Blinchiks, Talchs, Telan Takso," "Temeul, Toss, Metio, lo CHINA Bhanghai, Honkow, Amoy, Foodbow,

Swatow, Canton. OTHERS-Hoog Kook Singapoca, Botabaya.. Bersarang Balavia, Bart be 7. Calculis, London, New York, Daria.

LONDON BANKERS:

The London County Westminster sad Parr's Back. The Bank has Correspondents les all the principal Commercial Contraa throughout the world,

EL RAGUNA,

Masagut.

HONG KONG BRANCH:

B. Des Yeux Road Omical. Hong Kong. 10th Janmy, 1929.

THE BANK OF EAST ASIA, LTD.

Established 1918,

HEAD OFFICE:

10, Des Voeux Road, Central, HONG KONG

Semarang Shanghai

Shimonoself Blagopore Soeraboys Sydney Tientsin.

Capital and Surplus

Toky

Telcosfu Teingiau Vladivostock

Temporarily

Interest / allowed for Current Ac-

<icotinta."

"Deposits rooedved for fred, perioda | at rates to be obtained on appllen

фор

HMORI

ZieManager.

uth Sentenbar, 1980)

Totel, Resources

over H.$ 8,000,000.00 over HL-$80,000,000.00 Every description of Banking and Exchange business transacted

Current and Fixed Deposit Accounts in local and for eign Currencies opened for clients.

Savings Account and Hafe Deposit Boxes. Branches and Agencies all over the world-

KAN TONG PO,

Chief Manager.

say the resulta obtained in Bukid. non compare favourably with those of Hawall. The fruit planted here came from Hawaii and is similar; to the Hawall fruit, experts say.

The product is being marketed under the Del Monte label and will seek the same market as the Hawaii pineapple.United Press.

CLAREMONT-

PRIVATE, HOTEL· Austin Road, Kowloon (Facing the Kowloon Cricket; Club. Four minutes from forry by-bus.)

Suites of rooms (elogis and double), hot and cold, water ystem, all modern sanitation,

private bathrooms attached. EXCLUSIVE TABLE entirely under European management."

Hotel has a splendid aspect in one of the finest locations in Kowloon, away from noise, yet easily accessible s

Terms very moderstu. Rosar- vations by letter, or cable,

CLAREMONT

Tela, 57868 & 57386 (Private); Telegraphia Adde "Fern”. HIE Our motto "SERVICE,"

To pay a dividend of $3

per share on 50,000 To pay a bonus of $2 per

shares absorbing.....$ 300,000.00

share on 50,000 shares absorbing

To transfer to Reserve. To pay a bonus

Direc- tors, holders of founder shares and the staff To pay a special bonus

to staff To carry forward

100,000.00 500,000.00

of the Weavers' Union, which meets on Saturday, will authorise the men's lenders to enter on a new discussion, on the basts of the Government sug- gestion of an extended trial of the "more looms per weaver" system. -British Wireless Service.

'Phone 20022

FOR

CLASSIFIED ADVERTISING

Twenty-five Words three inser- tions prepaid $1. Every addi tional word four cents for three Insertians.

All replies under this heading must be called for.

TO LET.

TO LET-Ground Floor of No. Sa, Des Voeux Road Central; at present In the occupation of the Netherlands Prince Edward Island continues Indla. Commercial Bank, available to lead the fur farming industry off from 1st Apr., 1931. Apply to David

Sassoon & Co., Ltd. Canada with an investment of $3.676,220, followed by Ontario 108,264.55 with a rating of $3,247,396 and TO LET-To prospective visiters to Quebec with $3,236,466, according West End of London, Centro of England deal accommodation in the 35,421.52

to the latest figures from Ottawa, theatre land, etc. Good English fare. 414,798,94

which give the total investment in Moderate charges, 61, Clarendon $1,450,425.01 Canadian fur farms at $16,401,483. Road, Holland Park, London, W.11.

G. B. Calson,

Overland China Mail.

A WEEK'S PAPERS IN ONE.

This week's OVERLAND CHINA MAIL contains a wealth of interesting news. The week's sensation has been the preliminary trial, at the Central Magistracy, of Mrs. Jesuinu Maria Xavier, who was charged with shooting at Mr. A. J. Manton on December 27. Prisoner was committed to the Assizes. Mr. P. M. Hodgson, who defended, disclosed his defence. This is fully reported in the OVERLAND CHINA MAIL.

*

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A serious break among the members of the Sze Yap Steamship Company, is indicated by an action which opened before the Acting Chief Justice (Mr. Justice Wood) in the Supreme Court on February 3. Mr. Eldon Potter, K.C., is for plaintiffs and Mr. F. C. Jenkin, C.B.E., is defending. The OVERLAND CHINA MAIL contains a full report of the proceedings.

*

The Legislative Council, on January 29, approved the modification of its resolution of June 19, 1930, of the Salaries Commission. The OVERLAND CHINA MAIL furnishes a detailed account of the discussions.

Mr. Justice P. Jacks, in the Summary Court, gave judgment in favour of Mr. J. M. Xavier, a canvasser, who sued the China Neonlite Comparty, and partners therein, for commissions. The case unfolded the intricacies of sales methods and purchase contracts, which the OVERLAND CHINA MAIL reports fully.

* # *

Lt.-Commdr. P. N. Walter, R.N., commanding H.M.S. Somme, gave an interesting narrative of his ship's exploits in connection with the frustration of an attempted pimey on a cargo junk off Pedra Blanca, by two other crafts. Twelve men were charged at the Magistracy and committed for trial at the Assizes. A detailed report of the case is contained in the OVERLAND CHINA MAIL.

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In connection with a Chinese Press censorship case, a solicitor defending the Editor of the Wah Kiu Yat Po, sub- mitted that the regulations were ultra vires. The argument is dealt with in the OVERLAND CHINA MAIL.

*

The OVERLAND CHINA MAIL also contains a full report of two prize distributions, the Ellis Kadoorie School and the Munsang College.

* #

The annual inspection of the St. John Ambulance Brigade by H.E, the Governor is described in the OVERLAND CHINA MAIL which also contains an interesting account of the British Economic Mission's visit to Hong Kong under Sir Ernest Thompson, Ki.

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All the sports in season, Rugby, football, cricket, Association football and hockey are fully reported by experts in the OVERLAND CHINA MAIL,

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There 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} tia, and Canada testify to the keen other parts of the world frequently pleasure and interest its weakly fail to be written oven by the mast jarrival bringe. ardent correspondents. It is a

For your folks at Home to re- kindly thought, therefore, to ensure ccise this weekly budget, er to keep that those away from the Colony, yourself posted with affairs during or folks at Home, should have an your abamned, all that you have to unfailing supply of Hong Kong do is to drop a note to the "Over and Chinese news every week-buland China Mail," means of a subscription to the "Overland China Mail.”

The word "Overland" is a re- minder of the experience behind the Without any trouble of packing production, it having been publish and sorrying about the Post Office ed since the early days of the on your part, and at the cost only Colony, to be sent OVERLAND of $4 for three months, the because there was no Suez Canal, "Overland China Mal" will be and that was the quickest route sent Home for you every week, by which to get mail Home. In eatching the mall régularly. the march of time the "Overland contains the news and special China Mail" has become the most features from the daily "Ching popular weekly news budget, as it Mail" that make a studied appeal has been compiled just to suit

'people, with

any interest present-day requirements, as it has whatsoever in Hong Kong, and tone all along. What more could many letters from Home, Austra bo dostred ! :

to

READY TO-MORROW.

Mail via Suez closes at 9.30 am, on February 7,

and via Siberia at 6 pm, on February 9.....

SINGLE COPY

25 Cent.

[Bold on the streets and at the bookstalle or you can send yo

sabwcription to the offles.HE. #18 per annumi, er

416 including postage abroad.” Half-yearly

or quarterly periods pro ratal

No. 3A, WYNDHAM STREET PHONE 20022.

THE OVERLAND CHINA MAIL"

TUITION GIVEN

AN ENGLISH WOMAN, cultured and much travelled, giver LESSONS in ENGLISH CONVERSATION. RAPID TUITION and PERFECT ACCENT GUARANTEED. Eight one-hour leszona $12. Writo Box No. 877, c/o "China Mail."

HOME TUITION.

WESTOVER-STEVENAGE, Within an hour from London. In healthy neighbourhood. SCHOOL for GIRLS and SMALL BOYS. A few Boarders ceceived in the House of the Principal. Individual care and attention. Particulars apply to:

MISS RUTH CULLEY

For

(Camb. Higher Local), Camb. Teachers' Diploma). MISS GERTRUDE TURNER,

(National Frodol Higher Certificate).

MISCELLANEOUS

YOUR VISITING CARDS neatly and promptly printed-"China" Office, No. 8A, Wyndham St. phone 20022.

Mall

Teld-

ALEXANDER'S INSTITUT DE BEAUTE

For the best Permanent Finger and Marcel Waves. Hair Cutting and Mankore for Ladies and Gentlemen.

Fedder Bldg. 1st foor. Room 5, Tel. 25169. Opposite entrance HK, Hotel,

Just Unpacked New

WOVEN EMBROIDERED BRIDGE COATS

at:-

KASHMIR

SILK STORE

36A, Queen's Road, C, Opposite Queen's Theatre.

PHOTO - SUPPLIES

Kodaks and Cameras. Films, Plates and Papers, etc. Developing, Printing and Enlarging. ZIESS and BUSCH FIELD GLASSES Price Moderate.

A Trial Order is Solicited.

A. SEK & CO.

Tel. No. 23459. 26A, Des Voeux Road, C. Hong Kong.

25% SPECIAL DISCOUNT

FOR 2 WEEKS

Only on our already low prices.

Now store with large and varied up-to-date stock.

Our mette is small profit and Quick return.

LOVELY SILK STORE

No. 2, Blanley Street. Tel. 22100.

› (Adjoining D'Agüllar Street.)