1931-03-10 — Page 2

2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Expilat

$50,000.000

Imued and Polly Pud-up 20,906,020 Kserve Funde jum

Sterling

£6,000,000

Man: $10,000,000

Barve Lieblity of Proprietors $50,000,000 HEAD OFFICE, HỒNG KONG.

BOARD OF DIRECTORS—

Jon, air. C. O, H. Markle, Cluteman.

Uon. Mr. J. J. Paterean, The Chairinas,

W. H. Bell, Esq.

.. Penne, Eng.

A. II. Compton, Kaq. 1. A. Pleinster, Bag.

B. Ender swia, Baq. T. 11. I. Bhaw., Bay.

0. Rivkin, ag.

ANOT

BANGKOK

BATAVIA

NOWADAY

CALCUTTA

CANTUN

J. P. Warren, Eng.

Chief lang

V. M. (rapburn, Esq.

BRANCHES--

LONDON

LYONS

MALACCA

MANILA

MUAR (Jabase)

HUKDEN

NAGABAKI

CHE POO

KILOMBO

DAIREN

NEW YORK

PEIPINO

PENAND HANDDON

BAJOGN

BAN PIANCISCO

MAXUHAI

FOUCHOW

HAIPHONG

RAMBUNG

HANKOW

HAULIN

BONDERW

MKUALUNE

HAILU

NOURABAYA

JOHURE

HUNDEL PATANI TIEKIN

AQUE

KOWLOON

KOALA JUNIOR

THISUTAU THEDHIANA

Current Amounts opened in Local Curricy mah Fraud Dapon received for you of see perioda in Local Cuttency and Sterling ter whird will be quouest ou application.

Wong Kong, 24h February, 161.

HONG KONG SAVINGS BANK.

The Busines of the mixes Bezk is conduct. ed by the BONG BON AND SHANGHAI BANKING COUTOBATION.

ghaled an applicativ.

It may be

FOR THE xokono aku SHANGHAI BANKING CORPORATION,

V.. GRAYBURN,

-Hoby Kong, -16th July, 2000,

Chief Manager,

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussmann, Pari

Subscribed Capitai .Prs. 72,000,000.00 Paid Up Capital ... .Fra. 68,400,000.00 Bearys Funds Frs.102,000,000.UG BRANCHES: Bangkok Hong Kong Quinhon

Saigon Battambang Hoc

Shanghai Gumiho

Hengtzo Nam Dinh Singapore

Thunhos Neumes

Tientsiu Tourane

Pondicherry Yuanenfu BANKERS:

Canton

Djibouti

Fort-Bayard Pappeto

Haiphong

Peking

Hapkow

Hanoi

Pnom-Panh Vĩnh

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON.

Paid-up Capital Reserve Fund

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917.)

and

Commerce

Finance.

£3,000,000 .£4,000,000

Reservo Liability, of Pro-

priators

.£3,000,000

Agencies and Branches:

Liabilities of Shareholders. Surplus

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

Authorised Capitai Straits $20,000,000 Issued Capital

3,000,00 Paid-up Capital

4,000,00 Reserva

»

++

RAYON AND

USES.

ITS

ALOB STAR

KUALA LUMPIA

(inlay Ulusou)

KUCHINO

AMRUTHAB

DANOXOK

MADIAN

BATAVIA

MANILA

BOMBAY

MEDAN

NEW YORK

PEKING

PENANU

CALCUTTA

L'ANTON

LAWSPORE CERE COLOMBO PAIREN (Dalas

Mouth Manekuria) DELITE

HAIPHONG

HAMARRO HANROW

HARUIN

(N. Mabura) '

HỒN LONG

ILOILO

TIGE

KARACHI

RLASO

KONK

KALA KANGSAR

(Perak P.M.H.)

PESHAWAR RANDON BAIOON BENARANG BEDENBAN

› BUANGILAJ

BINGAPORE

BOUNA BATA

TAIPING (P_M.5.] TAVOY

TIENTAIN

TOKYO

TONOKAI (Dbutes) TNINGTAO

YOKOHAMA

ZAMIWANDA

Foreign Exchange

(Philippi Talands!

and General

Banking business transacted.

Current Accounts opened and Fix- 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 NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York.

Capital, Surplus and

Undivided Profits..U.S.$224,664,208

Branches in:-

ARGENTINE LONDON

BELGIUM

MEXICO

PANAMA

PHILIPPINE

ISLANDS

DRAZIL

CHILE CHINA

PERU

COLOMBIA

CUBA

PORTO RICO

DOMINICAN

STRAITS

1

REPUBLIC

INDIA ITALY JAPAN

SETTLEMENTS URUGUAY VENEZUELA

Commercial and Travellers' Lettera of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfers bought and sold. Current accounts and Savings Bank accounts opened and Fixed Deposits in local and for. aign currencies taken at rates that may be ascertained on application to the Bank,

Wo are also able to offer our Cus tomers the servicos of the Branches of the International Banking Corpora-

4,000,0 2,620,00 Branches, Agencies and Correspo donts in the principal cities of th world.

Every description of Banking an Exchange business transacted.

TAN ENG HOOL,

Manager

NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.

(NEINERLANDS TRADING BOCIETY)

BANKERS.

Zaalllabed 1994.

Hong Kong Omoni-1}, Queen's Road Central

Lahorised Capital Guilds 180.000,00%)

£1,500.00 Paid-Up Deplial moomoo Qulidərə 80,000,000

(26,569.176 Hawarty Fuad .................... Oulidan 40,014,0m (8.284,583.

Bend Mon:-AMSTERDAM" Eastern Food (@20:~~KATAVIA. BRANCHES :- Bandļarmarín, Dandoeng”. Bunia

beri beriboo, Dyambar, 1

A Comparison with Other Textiles. Major A. B. Shearer, F.T.I., of Courtaulda, Ltd., in the course of

A lecture at the Barrett Street Trade School, London, on the pro-

Further, tho

and maintained. policy of deflation, in the sense of periodic reductions of money sup plies, has probably been abandon-

ed in this country. It is earnestly

TUESDAY, MARCH 10, 1931.

TRADE WITH THE subsidising that cheap labour by

EAST.

Effect of the Fall in

Silver.

INDUSTRIAL DEVELOPMENT.

boycotting the standard in which it is paid, and thereby still furthor reducing the Eastern cost of pro duction. After this artificial de- preciation of allver has stimulated ¿industrial expansion in the East to an almost indefinite extent, where shall we find work for the mills which were built to supply these Eastern markets?

A Perilous Experiment. We rely on the 30 square miles of

T1 following letter from Mr. F. the Rand for more than half the to be hoped that under the combin-Anderson, Standen Manor, Hunger- total production of gold. It is un- ed influence of these factors the ford, Berks, appeared in a recent likely that this small area can con-

issue of The Times:-

state

of public sentiment will gradually improve.

in present circumstances to stimu-

tinue indefinitely to produce on the

The telegrain of December 30 present scale. If we wore to suc-

"If monetary policy can do little from your Shanghai correspondent ceed in inducing nearly 800 milliona late recovery by positive action, it which cast their shadow before, and standard, it would probably be draws attention to coming events in the East to adopt the gold perties of the various types of leah at any rato preserve conditions which merit the attention of this found that the fall in commodities

favourable to recovery by keeping country. After giving

details of has still a long way to go. If, on money plentiful and cheap.

the new Chinese tariff the telegram the other hand, we recognise that "The question arises whether

slates that: "The main object of we have a greater interest Indus- catastrophes as bad as the present the new

tariff apparently is to trinlly than any other nation in the tials was strength, for the purpose cd. True, a central bank in

"ayon, snid few people had

idea Any

of the properties of the raw material of ar-

| Another featurEA

was pliability,

Jokeria The Hurus Foldak, el cerned, but the definiteness of its Kose-Radjs, Makame. Medan, Padanwhite for dealing with different Palabarige Pekalongan Pro

Pontianak, Bangoon, Hotterda Bamaranje": Shanghai, Bibole {Sumatra), Bingapore. Ronrabal Boat (Bolol," Toqui, Tjilajuz en Weiterreden".

• These dilong bare safe deporti borsa to lat. London Banker (-National Provincial Bank Lodež Oorespondents all over the world Danking business of every description transacted.

SIR W. McLINTOCK AS RECEIVER.

A

Wert,

of

tificial silk. One of the first essen-one might not be altogether avoid-gasist home industries by Increasing rehabilitation of ailver, and, if we of holding the fabric together. creditor country cannot directly re the duties on manufactures and re- devote our whole energy to restore and its effect with regard to dress gulate the volume of external ducing the duties on materials re- silver to the position it formerly occupied as one of the two precious lending, but it can stimulate it by quired for manufactures here.". fabrics. The yarn must be of a

In the China papers by last mail metals, before the unfortunate Gor- keeping internal money rates low; sufficiently soft character to carry and, though a central bank, has no the development of manufacturing man experiment in 1873, the whole out the qualities required,

referred to In these economie aspect, East and direct influence over public psycho-industry is Another characteristic that was logy, we must remember that

terms:-

would be changed. all-important was that of appear depressed state of mind is initially

If the relative production "According to a recent Kue Min ance,

has materially in- not only the appearance a reaultont of bad trade before be- message there has been a very con- silver to gold where lustre and colour wore con-

coming a cause of its continuance." siderable increase in the importa- creased of late years it would per- tion of machinery into China dur- haps be advisable to adjust the Ing the last few months, of which ratio correspondingly; but it would colours. Lustre was mainly depen-

ALLIED CEMENT.

over Tls. 1,500,000, represents spin- be well to bear in mind that the dent upon the fibre upon the light|

ning and weaving machinery. Six modern plan of having a managed that was thrown

The upon it.

new mills are in process of being currency is artificial, and that, al- thing to consider, too, Was the

organised by Chinese merchants, though a large fiduciary issue may wearing properties of the material.

and four by Japanese. In 1929 127 be convenient and economical in The first type of rayon made was

In the Chancery Division before mils in China turned out about highly developed countries, especial- ritrocellulose. Swan was the first Mr. Justice Clauson, Mr. W. D. 942,000,000 ib. of yarn and 530,- ly in fair weather, it is apt to break manufacturer of this on an experi-Spens, K.C., moved, on behalf of 000,000 linear yards of cloth. In. down in times of stress, when mental scale for the produce of ar Barclays Bank, Ltd. as trustees for 1990 the output considerably in- credit is atrained. It would be a tifelal silk, but a Frenchman was debenture-holders, for the appoint-creased."

perilous experiment to rely upon a the first to produce it commercial ment of Sir William McLintock as

for the immense According to these reports the paper currency y. All Swan wanted was to got receiver and manager of the Allied contrast between East and West is populations of the East, who have Batisfactory filaments for his Cement Manufacturera, Ltd.. very striking. The years 1929 and for untold years been accustomed amps. Up to 1900 this had run formerly one of the Horne group 1930, were years of widespread un- to a metallic basis, and in troublous for about ten years with hardly a of companies.

rest and internal disorder in China, times to keep their savings in their rival. The next process was the

possession In the form of In respect of but, notwithstanding these adverse own Reorganised October 25, 1928, under

600,000 6% per cent. frat mort-conditions, we find activity and ex- either silver or gold. special charter of The National Gov.moniacal solution. Viscose had

A first step which might be gage debentures, accured ernment as an

by a pansion in the same branches of only had 25 years' running, and trust deed dated August, 1926. At industry in which stagnation and taken, without waiting for inter- was followed on 2 commercial the date when the writ was issued unemployment were conspicuous in national agreement regarding for basis by the cellulose acetate pro-Dec. 19, 1980-there was no ac- this country.

ther steps, would be to call in the Subscribed Capital ....$25,000,000 UP

cess. All the processes were verytual default in payment of the In-

dobased silver currency at present Pald-Up Capital ...824,710,200.00 | similar in their chemical reactions terest, but the then directora in-

The industrial development of the in circulation and refssue it in ..$ 3,820,503.9% and viscose properties, because formed the trustees that there was East may now appear as a cloud on sterling silver, If the

they were all regenerated celluloso.no prospect of paying the interest the horizon no bigger than a man's supplies of silver for this operation

were bought at the present level of hand, but if we continue our pre- the white metal we should be able

A. STOKKINI,

Acting Manage

-Hong Long, 18th Auguel, 1980.

THE BANK OF CHINA,

行銀國咖

INTERNATIONAL EXCHANGE

Reserve Funds

BANK.

HEAD OFFICE: SHANGHAL

HONG KONG BRANCHL;

Queen's Road Central,

1

Owing to our numerous brancher in China and large connections in the important commercial centres of the

raw material treated with an am-

Other Textiles Compared. The lecturer drew attention to

The motion was

A Cloud on the Horizon.

посеавагу

lue on December 81.

On December 23, went on Mr. Bent policy we many and ourselves the relative position of rayon as Spena, by extraordinary resolution, under a very heavy cloud before so

to carry out this operation on a compared with other well-known

much more favourable basis for a new board was appointed, and on very many years have passed. Not textiles.

ourselves, seeing that the price of Cotton came first, wool January 1 this year the new board only may wo next, and rayon third, silk taking stated that they had reluctantly large portion of our Eastern mar took place in 1920 was at least four

permanently lee a

allver when debasement of coinage very low fourth. The pro- come to the conclusion that there hats, but we may find them compet-

a

con-

d'Eco de Paris; Credit Lyonnais; also of The National City Bank or

IN FRANCE: Comptoir National tion in San Francisco and Spain and world, we are able to extend to ous portions of ravon used to-day show were no available resources of un-ing with us in neutral markete. times the price at which it could Banque de Paris et des Pays-Bad; New York (France), S.A, in Paris Credit Industrial et Commercial: So

F. McD. COURTNEY, ciete Generale.

Manager, Hong Kong, 20th February, 1991.

IN LONDON: The National Pro- incial & Union Bank of England, Ltd; Comptoir National d'Escompte 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 Ac- counts and Fixed Depoults according to arrangements.

Every description of Banking and Exchange Business transacted. Exfe Deposit Boxes to let

A. LECOT,

and Nico.

THE

AMERICAN EXPRESS COMPANY, INC.

Head Office: 65, Broadway, New York.

Kanager.

Hong Kong. 1st May, 1029,

Capital Surplus Reserves

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.·

Capital (fully paid-up) Yen 100,000,000 Reserve Fund.......Yon 113,500,000

Head Ofen-TOKOHAMA. Branches and Agencies at:

Nagoya Nowchwang

Alexandria

Batavia

Bombay

Buenos Aires

(Temporarily closed).

Calcutta

Canton

Changchun

Dairen (Dalny),

New York

Quake

Poking

Rangoon

Rio de Janeiro Saigon

San Franciaco

Fengtien (Mukien) Seattle

Hamburg

Hankow

•

Burbin Hong Kong Honolulu Kal Yuen Karach!

Kota

London

Los Angeles

Lyons

Marija

Nagasaki

Semarang

Shanghal Shimamori

Singapore Soerabaya Sydney Tientsin Tokyo Tsinatifu

Tsingtau

Vladivostock

(Temporarily

closed)

Interest allowed or Current Ab- counts.

Deposits received for fixed perioda

at rates to be obtained on applica. tien

H. MORI,

Manager. Hong Kong 10th September, 1980,

.U.S.$6,000,000 .1.9.$1,572,454

SEJ

so to rest banking and exchanges and foreign

We also handle the issue of Bonds and other Public Funds of the Chin-

at home an ese Government both abroad.

SHOU J. CHEN,

Manager Hong Kong. 5th March. 1930.

<

THE BANK OF CANTON, LTD. Established 1912.

A

Head Once-Hong Kong, Auskarised Capilet (H.K. Curzaney) $11,200,000 Paid-up Capital

6,666.10 Beer Fund 1,000,00

BRANCHES (ame Caston, Blargal. Hankow, Barlow Daarion, New York and Ban Praiano

CORRESPONDESTA

LONDON BANKEBI ) —

The Lloyd's Bank. Elied.

In all principal cities of the Work

fala Dagosis Bazas (various sizes) at a yearly

tal of brom $1 to $40.

LOOK POONG SHAN,

Chief Manager Hong Kong, 14th May, 1980.

.U.S.$1,008,200

BRANCHES:-

Porsig, szebarge and banking busloam of atery descripulan transected.

Amsterdam Antwerp

Basta

Jince' Glarow

Bello

Biarritz

Bombay

Brussels

Banzos Aires

Cairo

Hamburg

Interlaken Jarusiam Lido London Jatraipool Lucerne

Seglas Piz Parla

Tepang

teking

Lugano Luto

Marillva

Monte Carlo

Manich

Montreux

Bet

Calexita Canno Colombo Constantinople Copenhagen

Kotarda

Egna Bumboul Shanghai Bosthampto Blogspore St. Moris Tinlala

Vianna

Fenton Yokohama Zurich

Portfo ANDITO

Branches of American Express

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

ed how that process was finding its market as the result of its price, the percentages being: nitrocellu- lose 3, cuprammonium 4, viscose 87, and acotate 6.

harged assets out of which the China is already exporting

now be replaced. money could be rateed to pay the siderable quantities of cotton goods, nterest.

the interest was in arrear.

At the present moment to the Near Enet. Instead of P.W.D. LAND SALES.

Mr. making special efforts to preserve Spens said that on two or three our export trade with India and GOOD FIGURE FOR A KOWLOON As far as wear and tear was con-occasions the company had pur-China our line of policy has en-

LOT. cerned, viscose and other rayone ported to give charges to other per-couraged the adoption of protection szemed to stand the racket better sons, in priority to the other de-in both countries, with the result than cotton.

At a land sale yesterday at the Rayon was much bentures, but the bank did not that our principal free markets are P.W.D., Rural Building Lot No. smoother than cotton, and, there-admit that any charges had been dwindling away. fore, suffered lesa from wear. The effectively given which could rank

326, Mount Cameron, consisting of characteristic smoothness of rayon in priority to their chargo.

From an industrial point of view about 17,000 saquaro feet, was sold was one of its important features.

this country has a greater interest to Mr. W. A. Carnell at the upset Mr. Justice Clauson appointed in silver than any country in the price of $2,148, It made it more comfortable in ita Sir William McLintock receiver world. In our own interests we actual use.

New Kowloon Inland Lot No. With a rayon lining and manager, and, on the applica- should have done everything in our 1461, at the junction of Fuk Wing there Was no friction, and perience had shown that it far sur-ed as defendants to the action the power to maintain the value of the feet, was

eXtion of Mr. M. B. Valsey, K.C, add standard of nearly 800 millions of and Kweilin Street, 9,227 square sold to Mr. Chu Wing- passed cotton in every respect.

Industrial and General Trust who our best customers. If a comparison were made ba-

Instead of sing. 128 Kee Lung Street, for are the holders of £10,000 doben- that policy we have taken the lead $27,200. tween a coat lined with any other tures and represent further hold-in boycotting silver as one of the $18,841.

The upset price was material, there would not be the ings. He gave the Industrial and precious metals, a status it has had

Inland Lot No. 31247 on Kwing slightest doubt, about the substan- General Trust the conduct of the for thousands of years. We sat the Kwong Street, about 3,350 square tially better wearing properties of action. The authorised capital of example of debasing our subsidiary feet, was sold to Messrs. Chung rayon. The lining would be found

Allied Cement Manufacturers, coinage, throwing intact when the coat, for instance, Ltd., is £5,000,175,

a considerable Yuk Hing, Wong Luen and Chao which amount of silver on the market, Cheuk, for $16,850, the upset price was put aside as done with.

£1,848,445 has been issued.

thereby artificially increasing sup-being $10,750. ply and curtailing demand. Many other countries followed our unfor- tunate example. For many years We have been endeavouring to standard of value in change the India from silver to gold, selling

ng the past year, the Railway heavy duty on silver imported into 1928 income-tax payments, says an large quantities of silver apparently

A United States. Treasury De- Discussing railway progress dur-regardless of price, and have put apartment calculation, based on the Newsletter, which is issued by the India. British Railways Press Bureau, states:---

The smooth properties of rayon were very popular in connection with furnishing fabrics. Also it HEAD OFFICE;-Taipeh, Formoss.did not soil nearly so easily as a

Incorporated by Special Imperial

Charter, 1899.

Company in Principal cities of alt-Bank-Note NDA TURNER ARCH, $5,000,000

ed States of America and Canada.

All classes of Commercial Banking: Transactions undertaken.

Personal investment handled,

Central Bank in Formas.

BRANCHES AND AGENCIES; TAPAN-Tokyo, Yokohama, Kobe, Osaka. FORMOSA 1-Glan,

“Karenko, Asdung Makong, Nazio, Blinchiku, Trichu, Tai Takso, Tadied, Torn, Hello, Tuto OHINA ---Sharqbal, Hackow,

Amy, Foochaw. Balow Can k accounts OTHERS Hong Kong Singapore, Boerabaya

Bemarang Batavia, Bombay Lasdan, New York, Dalius.

LONDON BANK208.

The London County Wasiulaster and Far's Bank. The Bank has Carmapondasie le all the prizelpat Commwrolal Centres, shroughout the world.

NAGURA

The Company offers to intending Travellers the use of its "Travolora Chequer" and Letters of Credit and, In addition, the world-wide services of its thoroughly equipped, Travel De-HONG KONG DELNOR partment.

Amilated with

Manager.

4. Des Taux Host Cantes). Hong Kong, 19th January, 1996,

rough textile. It was difficult to get dirt from fabrics, but in the caso of rayon the smooth charac- cult for dirt to adhere. Another teristics of the yarn made it dif

case

with

desideratum was the which it was washed,

CAUSES OF DEPRESSION.

Mr. Reginald McKenna On Economic Troubles.

of

BRITISH RAILWAYS.

NEW IDEAS TRIED OUT EVERY DAY.

*..

Heavy Losses.

U.S. MILLIONAIRES.

But That Was Before The Slump.

Exchange telegram from Washing- ton, shows that there were 811

increased to

over

British railways have achloved These and other measures which millionaires or persons with an in- and held their premier position have artificially increased supply come of $1,000,000 in the United among the railways of the world and curtailed demand have been In-States that year, as against 290 in by keeping abreast, if not ahead, strumental in reducing the Intrinsic 1927. Incomes of $60,000 (repre- of modern requirements. Every silver value of the rupes to less than:senting 6 per cent. interest on Speaking at the annual meeting lay a new idea is tried out by the 54d, although the exchange value $1,000,000)

The statistics do not in- of the Midland Bank, Ltd., the railways in the laboratory or work-of the rupee is maintained at 1s. 6d. 43,000. chairman, the Rt. Hon. R. Mc-shop, or on the rall or road. It One result of this policy has been clude the trade depression of the Total Income-tax re- Kenna, gave a detailed review of may only concern ROMB small that a large proportion of the past year. THE CHASE NATIONAL BANK |¶¶¶¶¶¶¶¶¶ Summarising the situation in

the international gold position, technical matter on the construc-savings of many millions of people funds in 1980 were $26,886,833,. $190,164,869 in. alltional side, or it may be an idea throughout the East, savings in the compared with its respects, he said: "I would which, brought to maturity, will form of silver hoarded by indivi-1929. ascribe the economic troublea of have a far-reaching effect on the duals and families, has been prac- A Central Nowa message from the world, to three main causes, all trading or travelling public. tically confiscated, and it is not im- Washington states that eleven per- of which, unfortunately, are in Every time a batch of passenger probable that greater discontent has ons returned their incomes for operation at the same time. First, vehicles is built a new standard of been generated, among the millions 1928 at $5,000,000 or more. The we are suffering from maldistribu- train travel comfort is set up. New of familles who have had to suffer number paying income-tax was tion of gold due to the relative in- ideas in stability, lighting, decora- very heavy losses in silence, than 2,523,068, and their average intomb ability or unwillingnons of creditortion; ventilation, making for the by all the alleged political griev-¡was $6,196, or abou' £1.200. countries to lend to debtor coun- comfort and convenience of the ances which have occupied the at-

Resources ..Over G$2,506,000,000

E. W.. DUGGAN,

Manager.

THE BANK OF EAST ASIA, LTD.

Established 1918..

HEAD OFFICE:

10, Des Voeux Road, Central,

..

HONG KONG

Capital and Surplus

Over HS 8,000,000.00 over H.$30,000,000.00

Total Resources

SpedEvéry description of Banking and Exchange business

transacted.

Current and Fixed Deposit Accounts in local and for eign currencies opened for clientes, dr

Bavings Account and Safe Deposit Boxes, Branches and Agencies all over the world.

KAN TONG PO,

Chief Manager.

COASTWISE

by

"ALGIE" BENNETT.

An interesting book of Cartoons depicting "Happenings"

on the China Coast

PRICE $1.00.

Now on sale at

BREWERS

tries. Secondly, the public has not passenger, are constantly being tention of the Round-Table Confer- HONG KONG HEIGHTS |yet recovered from the reaction tried. Trains with real bedrooms, ence.

from the American stock market | parlours and lounges; larger and We are constantly told that the For the information of visitor collapse. And thirdly, we are still deeper windows giving Improved supply of silver has become un-highest points on the Island and feeling the effects of the long visibility, and windows glazed with manageable; but there was no un- the following list of some of the period of deflation in this country. vita-glass have been introduced, manageable supply in 1920, when Molnland is published:-

"In this situation it may be ask and Improved lighting and heating ellver advanced to 8940. an oũi,

Island: ed: From what direction can re have been installed.

mainly because in India it was covery be expected? Low money With regard to road services it feared that the Government there rates, which provide an induce 18 stated :———

had not sufficient rupees to meet ment to the long-term investment The year 1980 saw the birth of theiz engagements. of accumulated bank deposits, will a new type of vehicle, one which The cituation at present is that naturally help to stimulate indus will travel both on the road and wages in silver-nning countries will trial activity. The United States' rall, and if the early promise that not rien for a very long time in and France would seem to be this vehicle gives in confrined by proportion to the fall to allver.¦¦ The Newspaper Enterprise, Id realising more clearly the neces-the exhaustive trials shortly to Instead of looking ahead and of alty of lending" abroad on ́s large", take place, it may changé considèr. trying to take effective isossurés to China Hall Buliding

and continuous scale if interua- tably the aspect of certain forms of měst the competition of chemp-la- tional equilibrium is to be restored (transport."

Bour" in the East; waxed virtually

WHITEAWAY, LAIDLAW

EXCELSIOR BOOK STORE.

and at the Publishers

Feet.

Victoria Peak

1828

Signal Station

1774

Ht. Parker Mountain Lodge The Errie

1784

1728

Peak Hotelpa Talkoo Sanatorio

B17

Mairiand

Bowen Road (Gitarbuda) || 597

Kowinon Peak

Fert

-19771

Mt. Davis