1931-03-16 — Page 2

1

Sorting

£1,600,000 $10,000,000

THE CHINA MAIL.

and

Commerce

Finance

BRITISH TRADE.

£3,000,000

Reserve Find

£4,000,000

Reserve Liability of Pro-

prietors

Paid-up Capital ... Reserva

Liabilities

.£9,000,000

of Shareholders

Authorised Capital Stralta $20,000,000 8,000,000 Issued Capital

4,000,000

4,000,000 2,520,000

23

PRINCE OF WALES OPENS EXHIBITION.

KUALA LUMPUR

KUCHINO

MADIAN

MANILA

MEDAN

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION..

Authorised Capital

$50,000,00

Imed and Polly Fild up $20,000,000 Reserve Funda:--

Silver.............

Rowery dabilly el Proprietors 0,000,000

HEAD OFFIOR: BONG KOND.

BOARD OF DIRECTORS:-

Hen, Mr. G. (1. P. Mackie, Chairman,

Hou, Mr. J. J. Pataract, Deguty Chairman.

*W. II. Thil, Kies. 1. E. Part. Esq.

A. 11. Compton, Bay. 2. A. Pluranwy, Eng.

B. Lander Lewin, Eng, T. II. 11. Share, Eng.

1. liuku, Enc.

AMOT

VANGRUR

ΠΑΙΑΝΙΑ

d. 1. Wren, Rag.

Chint Hangat.

V. M. Braga, Esq.

BRANCHES:--

INDON

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

DANOKOK BATAVIA DOзTHAY CALCUTTA

CAFTUN

CAWNPOHR

CXIU

COLABO

DAIRES (Duby

Seth Macharia

NEW YORK

PENANG

PESULAWAR RANDUON

SEMARASO SEREMBAN

THE HO HONG BANK, LTD.

(Established 1917.)

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

BOMBAY

GALERIJA

CANTUN

CHEFOO

LOND

DAIREN FOOCHOW BALYSRENO

RAMBURO

NASKOW

HARBIN

HONOREW

1980

J

JOHORE

LOVE

KOWIAKIN

KUALA LUMPUH

LYDINN

MALACCA

MANILA

MBAH (fokorn}

MURDES

NAHAHAKI

NEW YORK

PEIPINO

PENANG

HAXHOON SABUN

SAN FRANCISCO

MANGHAI

SINGAPORE

SUNGEI PATANI

TENISIN

TOKYO

TSISGJAD NORDHAMA

Current Arcadiks opened la Dheel Cureorg and and posts ievoed for ages F shorter periods a decal Currency and Sterling na tek hul will be quented an apollo. long hoog. il February, BAI

HONG KONG SAVINGS BANK.

The sins of them above back in endurt- is the BOSS KUNG AND SHASGULAT BANKING CORPORATION. Bules may he

AS THE wyplanation.

FOR THE HONGKONG AND SHANOUAL BANKING CORPORATION,

51. RAYAN,

PU ShArager,

tlong Kung, H3 July, 1930.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Bi an Paria.

Subsribed Capital Fr. 72,000,000.00 Pald-Up Capital...Frs. 68,400,000.00 Reserve Fundars.102,000,000.6%, BRANCHES: Bangkok Hong Kong Quinbon

Saigon Battambang Hue

Mengtzo Shanghai Santho

Nam Dinh Singapure

Thanhea Neumes

Tientsin Tourano

Canton

Djibouti

Haiphong

Fort-Bayard Paporto

Harkow Hanoi

Peking

Pnom ranh Vinh Pondicherry Yunuantu DANKERS:

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel et Commazelal; So celo Generale.

IN LONDON: The National Pro vincial & Union Bank of England. Lid.; Comptoir National d'Escompte de Paris: Credit Lyonnais.

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

Agencies and Branches;

ALOR STAR

(Malay hiatre,

ADUITSAB

BELBI

HAIPHONG

HAMBERO

HASKOW

HARBIN

18. Schwein.

NOSO RONG

11.011:0

11011

KARACHI

KLASB

KOBE

KUALA KANONAR

Perak F.M.H.)

Foreign

PERING

KATRIN

SHANGHAI

NOURABAYA

TAIMING (AL.B.) TAVOT

TIES1818

TOKYO

TONOKAH (huket)

TSINO1AO

YOKOHAMA

ZAMANGA

Exchange

Philippine Jalandə)

and General

-Reaking business transacted.

Current Accounts opened and Fix- Deposita received for 1 year or shorter periods at rater which will beginted on application.

A. II. 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 Profts.U.S.$224,651,298

Branches in

ARGENTINE

BELGIUM

CHILE

BitA ZIL.

CHINA

COLOMBIA

LONDON

MEXICO

PANAMA

PERU

PHILIPPINE

ISLANDS

CUBA

PORTO RICO

DOMINICAN

STRAITS

REPUBLIC

INDIA

ITALY

JAPAN

SETTLEMENTS

URUGUAY

VENEZUELA

Commercial and Travellers' Letters of Credit, Travellors' Cheques, Bills of Exchange and Cable Transfers Current accounts Fought and sold. and Savings Bank accounts opened and Fixed Deposits in local and for. cign

currencies taken at rates that may be ascertained on application to the Bank,

We are also able to offer our Cus tomers the services of the Branches of the International Banking Corpora tion in San Francisco and Spain and of also of The National City Bank New York (France), S.A., la Paris and Nice..

F. McD. COURTNEY,

Hong Kong, 20th February, 1931.

THE

Manager.

Intereat allowed on Current Ac- AMERICAN EXPRESS COMPANY,

counts and Fixed Deposits according

La arrangements.

Every description of Banking and Exchange Business transactad.

A. LECOT,

Surplus

Branches, Agencies and Correspon- denta la the principal cities of the world.

Every description of Banking and "Exchange business transacted.

TAN ENG HOOL

J

Manager.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

NETHERLANDS TRADING SOCIETY)

BANKENS.

Patablished 185,

Hong Kong Mice:-11, Queen's Road Caciat. Authorleed Capitalistilinen 150,000,000- (237,800.000.) Paid-Up Caplin Ouliders 00,000,000 (20.009.170) Sports Yund

Guilmes 40.019,000 (£8,84,848)

NEW YORK'S WISH.

CHINESE CUSTOMS.

FAVOURABLE REPORT BY

T. V. SOONG.

wwww***

FIGURES SATISFACTORY.

MONDAY, MARCH 16, 1931.

TO ELIMINATE VIBRATION.

Rubber Foundations for

Machinery.

Recent years have witnessed in- creasing interest in the employ- ment of rubber for the purpose of absorbing vibration, and on many DR. occasions we have referred to the

Shanghai, Saturday. Buenos Aires, Saturday.

The Chinese Minister of Finance. Over 1,000 British and Dominion firms are showing wares valued at Dr. T. V. Soong, declares that the over £5,000,000 at the Great British Customs revenue for January and Empire Trade Exhibition, which was February, 1931, stood up remark-

even than in the ably well, better this afternoon opened

corresponding months magnificent Palermo Park by the the Prince of Wales and President last year.-Reuter. Uriburu.

The inauguration ceremony com- prised the Prince of Wales touching a golden switch, thus getting in motion a multitude of machines and contrivances representing the latest and most ingenious products of the human brain.

for

ONE OF THE FUNDAMENTAL PROBLEMS.

U.S. OIL IMPORTS.

PRESIDENT HOOVER URGES LIMITATION.

ILLS OF INDUSTRY.

Washington, Saturday. The curtailment of the home

greater use of the material in the rata domestic production as well as automobile industry. One of tho the limitation of Imports is urged principal advantages claimed in by President Hoover in a state- connection with rubber roadways ment in regard to the voluntary is this capacity of rubber for ab-agreement.

President Hoover emphasised sorbing the vibration of heavy traffe, it is mainly this advantage the fact that he looked to a pro which at the present moment is rata domestic production as well as turning the thoughts of road on a limitation of importa gineers in the direction of rub-present ils of industry, apparent- ly meaning that home supplies ber.

with

heal the

The need for a sound vibration-should be regulated in accordance absorbing material has long been with the average yearly production of felt in connection with heavy in- of oil-producing States, each of

dustrial machinery and various which should cut down in accord its own output.- types of materials have, in the ance Bast, been utilised. Cork has, for Reuter's American Service. ECONOMIC CRISIS.

[The "voluntary agreement" re- instance, been employed between two layers of concrete and wood ferred to above is between the to reduce the vibration of machin- Government of the United States and several important oil-Import- ery but this material tends to crumble and pack in time and ing companies. for the purpose of Berlin (Uta), Feb. 12. Head

AMSTERDAM'

consequently loses its resilience, reducing of imports by several Eastern Head Office:-BATAVIA.

Subsequently the Prince of Wales The Chancellor of the German Heavy wool felt board, and bourd million barrels yearly. In making.

great and brilliant realm, Dr. Bruning made a speech made up of textile flocks cementa atatement on the subject on Fri- Bandformeln, Bandung, Bombay Cuts, Cherboo. Diber, Dok addressed a jakarta, The Hague, Jeddah Kobe throng of Argentine and South recently which merits general ated in an intact form with a plas day. Dr. W. L. Wilbur, Secretary Hole Hadis. Maker, Meden, Padang Palembang. Pekalongan, Penang American notabilitics, business men tention, for-going beyond the tie substance has also been utilig- of the Interior, declined to state the exact number of barrels affect- Pontianak, Banco Bolted and representatives of the greatest specific conditions of Germany-ited. Samarang" Sanghat, thaig

In one instance, recently rofor.ed, but said that he had been ad- (Humaira), Bisgapore, Souret trading concerns in the British Em-touches on a question which, as Boerakarta (Bald)," fogai, Tjlialap and

universal economic

crisis red to in the Rubber Age of New vised that the Royal Dutch Shell Weltevreden

pire.

develops, is more and more in the York, kopak has been used; the and the Pan American Petroleum

would Company

co-operate The heavy machinery of a foreground of discussions.

much as possibic. The agreement question is that of the future of the dyeing plant being placed

la not written and consists merely enterprises cement footings which rested on independent owner of with regard to the big business thicknesses of this material. of a pledge by individual com-

It In a most impressive would seem, however, that so longpanies to do their best to curtail

BRANCHES

* These ones here anf deposit boxes to lat. Landen Tankers:-National Provincial Bank Lad. Compondents all over the world Banking business of every descriptios cintacted.

A. STOXKINK Anting Mat Bong Kong. th August, 1900,

A

THE BANK OF CHINA. 行銀國中

American Tribute. Speaking first in English, then in Spanish, the Frince of Wales dwelt on the immeasurable advantages of the expansion of British and Ar- gentine trade.

Reorganised October 20, 1928, under mean the beginning of an economic special charter of The National Gov-revival in Britain, the effects of ernment as an

which would shortly be felt by others, Including ourselves:"-Reu- ter's American Service.

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital

.$25,000,000.00 $24,710.200.00 3,820,603.82

Paid-Up Capital Reserve Funds

BEAD OFFICE; SHANGHAI..

HONG KONG BRANCH:

4, Queen's Road Central,

Owing to our numerous branches in China and large connections in the important commercial centend to eat world, we are able to extend to our clients special facilities for domestic and foreign banking and exchanges. We also handle the issue of Bond and other Public Funds of the Chin Use Government both at home and abroad.

SHOU J. CHEN.

Hong Kong, 5th March, 1930.

Manager

THE BANK OF CANTON, LTD. Established 1912

Head Office: Hong Kong. Authorised Capital .. Current;} $11,000,000 Pa/U-Up Capital

8,865.60 Heserri Puid

1,200,000

SEARCH

Canton, Bhachas, Hankow, Bwa Uangtok, New York and Bas Franciato

CORRESPONDENTS

LONDON DANSEBO –

The Lloyd's Dank. Limited.

in alt prodal clair, ol ibe World,

Рогда обводе

INC.

Safe Deposit Boxes to let.

Head Ofce: 65, Broadway, New York.

Manager.

Hone Kong. I May, 1929.

Capital Surplus Reserver

.U.8.30,000.000 U.S.$1,572,45L .U.S.$1,008,200

/

banking busĺpman of

BRANCHES:-

arety orripilon irspaced.

Aparardam

Autward

Nice Naples

cantal el tram to 40.

Подбо

Berlia

Capital (fully paid-up) Yen 100,000,000) ......Yen 115,000,000 Reserve Fund

Biartika

Bombay

Braman

Bramala

Bonos Aires

Osira

Calcatta Cinate Colombo

Havana Hamburg Havre Interlaken Jurula Ilde Indon Liverpool Lucerna Ligno Lautor Karolin Constantinople Monte Carlo

Pirmasta Paris

Manita

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

Head Offices--YOKOHAMA,

Branches and Agencies at:

Aloxandria

Batavia

Bumbay

Buenos Aires

(Temporarily closed).

Calcutta

Canton

Changchub

Dalton (Dalny;

Nagoya Nowchwang

New York

Osaka

Peking Rangoon

Riu de Janeiro

Saigon

San Francisco

Fongtien (Mukden) Seattle

Hamburg

Hankow

Ifarbia

Hong Kon Honoluin Kai Yuan

Karachi Kobe

Landna

Los Angeles

Lyons Marila Nagasaki

Semarang Stanghal

Shimonorali Singapore Soerabaya Bydney Tientsin

Toky Trinanto Tsingtau Vladivostock

(Temporarily closed)

Gence Cilancow

Tanong

J'aking Palerme Gottardan Rotse Blamboui tha.gbaj Southampton 510 por St. Morita

Titula

Vizopa

Бошов Yokohama Zorich

Consulages Bilburgs Munioà Floridos

Montros GROETS

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

All classes of Commercial Banking Transactions undertaken.

investment Personal handled.

sccounts

The Company offers to intending Travellers the use of its "Travelers Cheques" and Letto of Credit and, In addition, the world-wide services of its thoroughly equipped Travel Do- partment.

Affiliated with

Safe Deposit Boxes (razious alja) on a yearly

LOOK POONG SHAN,

Chief Manager

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO.) ́·

HEAD OFFICE:--Taipeh, Formoss. Incorporated by Special Imperizi Charter, 1899.

Central Back in Formowe BILANCHES AND AGENCIES JAPAN :—Tokyo, Yokohama, Koba, Diaka.

Back Notes ad Arres stouni Yan. 45,000,000

Toan,

AT

HOKO 1ONO BRAKORI

4 You Boad Oestesă. Hong Kong, tädi January, 1838

Interest allowed or Current Ao- THE CHASE NATIONAL BANK 33836219жÐͶö(1)

counts.

Deposits received for fixed periods

at rates to be obtained on applica

tion.

EL MORI,

Manager.

Hong Kong, March 11, 1981.

Resources ..Our G$2,500,600,000

E. W. DUGGAN,

Manager.

THE BANK OF EAST ASIA, LTD.

Established 1918.- - -

HEAD OFFICE:

-10, Des Voeux Road. Central. TONG TONG

Capital and Surplus

Total Resourcem

over H$ 8,000,000,00

over $30,000,000.00

Every description of Banking and Exchange business transacted.

Current and Fixed Deposit Accounts in local and for- aign currencies opened for ellants,

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

KAN TONG PO,

Chief Manager.

COASTWISE

by

.

the

concerns.

garment

on

WATER RETURN.

4.3

The level and atornge of water in our reservoirs on March 1, 1931, la as under:-

City and Hill District:

1930 1031 13 7B 24'11"3

The New York Times in a lead- manner and with A distinctness as the resilience lasted the sounds imports.] ing article, avishes the Prince of with which this fundamental pro- from the machinery word muffled. has but no anoner did it become damp Wales and Prince George good luck blem of universal economics

treated, Dr.

and matted than its resilience in their efforts to further British hardly ever been.

the incensed and the noises resulting trade in South America, and points Bruning took the part of out that their success "may well dividual industrialist who is being from the machine vibration recom-

relegated more and more into themenced.

Distinct Advantages. background, yet whose existence

The use of rubber has distinct everywhere is the assured basis of

The warn-advantages from this point of Tytam Byewash... 24 1B 28' 2"R

Tytam sound economic life. ing of Dr. Bruning should meet view as it would seem that in the Tytam Intermediate 34'10" 3G 1'B with close attention. not only in majority of cases where it has Tytam Tuk ................... 44′ 9′′R 32′ 1′′B Germany, for the trend of develop-been utilised, the material has Weng Nei Chung 24′11′′B 24′ 6′′N

Pokfulum

15' 0"B 21' 0"B ment is the same in all countries.lasted almost the effective life of

[Note: B. denoles "Below

Over- The paralysing of the independent the machinery. Where failures Bow"; A. denotes "Above Overflow"; industrialist by the big concerns have been experienced it has been L. denotes "Lovel with Overflow."]

Storage in millons and decimals is one of the problems of the uni-usually due to the employment of

of gallons. varaal economic crisis and clamours the wrong mix used, or a defec for reform.

tive supporting foundation for the The Chancellor based his con- rubber pad.

Tytam Tytam Byewash ... siderations on German conditions.

In this connection the writer of

Tytam Intermediate On the ground that Mexico He began by admitting quite the article in the Rubber Age re- Tytam Tuk already has too great a problem number of mistakes made in the ferred to above, points out that if Wong Nei Chung in caring for he repatriated past, due to a series of govern- the density of the pad is not cor- Pokfulum

certain short-rect or of right thickness to with-| nationals, Presio Ortis Rubio ments and to a

EMIGRES BANNED.

SLAV FARMERS NOT TO COLONISE MEXICO.

SCHEME TURNED DOWN.

Mexico, Saturday,

www.

1030 270.30

1931

205.31

1.03

58.14

49.47

553.75

754.58

6.49

6.98

27.24

22.60

Total....... 921.16 1,038.70 Consumption of water in the City

has banned the proposal of the sightedness of the whole of the stand the weight of the machine, American Slavic Colonisation German people, even those circles its effectiveness will be lowered pad Hill District in millions and do Trust to permit several thousand who are able to judge of economics and may be rendered practically chmals of galions during the mouth Slav farmers to emigrate from, and further described the in-nil.

If too plastic in nature, or of February. Europe to Mexico, which the fluences of the immense universal if spread to a greater depth than Consumption ...... 184.10 Ministries of Agriculture and the crisis, of which Germany is In- required to give reasonable Estimated population 440,300 450,020

Rt. Hon. Winston Churchill, P.C., M.P.

Districts

p.m.-0a.m.).

1030 1981

201.84

14.9

18.0

February, 1981.-From February

when

Interior has approved.--Reuter's nocent, adding the serious warning stability to the machine which is Consumption

per that one should not expect that to be supported, there will be a

head per day... American Service.

reduction of the payments to the tendency for the machine to rock. to 28, 12 hours supply (

February, 1930, From February 1 FINANCIAL WISDOM. allied countries alone could bring particularly if it is of light con- p.m.) was given to all Rider Main

a fundamental transformaatruction. about

(Principal Maing clored tion of the economic and social ECONOMICS BASED UPON

Concrete on a rubber foundation situation of Germany. The paint makes an effective flooring for to 28 a constant street fountain supply EMOTION.

which Dr. Bruning wishes parti-high-speed machinery. Sometimes was operated in all Rider Main Dia- cularly to emphasize and one which individual footings are employed tricts excepting 3 days (16--18th in- Stresemann, more than a year ago, consisting of a soparate black of clusive)

a Full Supply was account of Chinese New and repeatedly, had stressed, was concrete for each supporting foot given on

Yoar, the economic and sociological im- of the frame of the machine, the of the independent blocks being placed on a rubber portance Autonomous Industrialist, who in foundation of a sufficient thick-Kawicon Reservole Industries and finances, trade andness, which in turn is fastened to Shek Lal Pul

Reservoir..... 10' 1"B 57′′E Sir Josiah Stamp.

commerce and also in many other the concrete. Alternatively 想

Reception Reservair 27" 11' 8"B "Business men now think of domains is forced more and more to single concrete slab is employed Storage la millons and decimals changes in the price level as an take a back seat. In this connec-of sufficient area to accommodate effect of the changes in the quan- tion the compulsion of circumstance the frame of the machine which

and value and use of gold and the radical shifting of fortunes is to rest upon it. Lity only when the attention is speci-through the destruction of the fically drawn to it."

middle classes in the inflation

besides period,

"The disease we are suffering from now in this island is a dis- ease of the will power."

Mr. R. G. Glenday (Economic Adviser to the Federation of British Industries). "A tariff must be the means to an end only. The end itself is the national policy of trade develop

ment."

Kowloon

1930

6′ 4′′B

1931 14' 0"B

of gallons.

Kowloon Reservoir

and Byewash Shok Lal Pui Reservoir....... Reception Reservoir

1930

280.78

1931

232.00

78.72 04.50

20,40 .6.22

Total

394.90 132.72 Consumption of water in Kowloon in millions and decimals of galiona during the month of February.

1030 1031

117.54

por

Consumption...... 100.26

170,140 Estimated population 174,100 Consumption

hoad per day... 20,6 23.4 Constant supply in all districta duri ing February, 1930 and 1981.

The Government Analyst's reports show that the quality of the water is antisfactory,

Total rainfall: February 28, 1930, 3.06; February 28, 1931, 87.

UNCLAIMED TELEGRAMS.

THE GREAT N \RTHERN TELEGRAPH O., LTD. OF DENMARK.

the tempting equipment and all possibilities of Sir A. Chamberlain, P.C., M.P.

production, "It is only one of the dangers example of the financially most suc

For this reason, but not for this of such difficult times as we have cessful people, the Americans, has

valent form of Independent to-day that men should look to the had a disastrous effect. The agglo- reason alone, the previously pro- Government for more than any meration of great financial assets,

and that and, consequently, of great means autonomous entorprise was a parti- FORMOSA Olan, Angh Kaneko, Eng. Government should do,

Hakuna ataletal, they should expect salvation from of power and of great responsibility cularly safe foundation of German Its other Pow, the Government which can only in fewer and fewer hands of some and all other economics. Buslow, Cantom.

great heads of enterprises or groupe active asset consists in the most OZITEROL Kong, Singapore, Bossbars, come from them."

Balers, Bombay,

of such, has at the same time fore-far-reaching and clever adjust- Bemarang,

Qaloris, London, Naw York," Dairen.

Sir G. Hilton Young, M.P. ed the process of rationalisation to ment to the requirements of the LONDON BANKERS 1

at home and The London County Weinlove and Parr's Bank.

"Wo cannot recapture the a pace, the result of which is now various consumera The Bank hoa Correspondante in all the estadual | world's old staple trades. What in inner contradiction to the ends abroad, in its great elasticity, Commiecial Contram throughout the world.

which Dr. Bruning emphasized and we have to do is to go out and desired. LXAGUBA.

6 клари capture the demand for the world's Rationalising, that is, more rea- in the far greater chances of im- advancement of secondary goods."

sonable and purposeful running of provement and the process of production and dis- the really gifted personality, that tribution, aims at the final cheapon-is, the great fund from which one ing and, increase of commodities, could draw a selected group of Another and negative ad- which signifies the participation of leaders. ever wider circles of the population vantage consleted in the fact that in, their enjoyment. But if, by a the individual enterprises naturally superabundance, by an exaggerated were far less exposed to the Inter- pace of this process an ever in-vention of public authorities which creasing number of hands in more are complained of everywhere, be-gram and more of the productive domains fcause the autonomous enterprises the are excluded from the process of provoked far less of these interven- Company production of goods, without being tions which the agglomeration of marke absorbed by new and different pro-power and the danger of abuses of

F. V. JENSEN, cesses of production, their capacity the same power, had encouraged.

Superintendent. of consumption is reduced, so that The great differentiation, which

Hong Kong, March 11, 1981. finally the social burden due to un-particularly in the post-war years, employment is Increased to such a arose between mammoth under-

THE EASTERN, EXTENSION that measure

the system

individual indus- of takings and

AUSTRALASIA & CHINA rationalising, not only from the triallets in the domain of their

TELEGRAPH CO., LTD. general economic point of view but supplies with the necessary loaned of

The following unclaimed tale- also from that of private economics, capital, and the conditions loses all sense and all reason for interest, is a heavy burden for grams are lying at the EE. Tele-

Coard every Individual Industrialist and economic life, because on the one graph Co. Office, Hong Kong:-

Squarey, Cunard Co., business man. Therefore sub-hand it hinders the existence of the sequently the loss rational produc individual enterprises, while on the from London, Po,

Botransmitted from MacO ** (Chairisan,” Law Debenture tion of the same commodities another hand It forms an incentive for Bee Corporation, Lid.). L peats more rational actually, be concerns to make investments which Jovino, Hong Kong Hotel, from "If this spirit (of economy com- cause the maintenance of the pre-in times of crisis, give no cor- Shanghai.

Tyebally, from Colombo.

8. LACK, The Newspaper Enterprise, Ltd.bined with efficiency) were to pervious purchasing power of the responding economic yield, even

Buperfatenden meate the finances of the State masses at least permits of the full though private economics might see soxas of our troubles would and therefore more rational ex the mater through within the given

Hong Kong, 6th March, 1931. ploitation of all works and their outlines.

"ALGIE" BENNETT.

An interesting book. of. Cartoons depicting "Happenings" on the China Coast

PRICE $1.00.

Now on sale at BREWERS

WHITEAWAY, LAIDLAW EXCELSIOR BOOK STORE..

and at the Publishers

Chỉna Máll Building.

Mr. Charles Carpenter, D.Sc., M. Inst. C.E. (President, South Metropolitan Gas Co.).

"The two great industries of gas and electricity supply have gone on developing side by side, each by its commercial and scien- tific activities-stimulating its com- petitor."

Mr. A. IL Samuel, M.P. (Former Financial Secretary to the

"We stand face to face with the disastrous effect of economies ban- ed upon emotion and not upon common sense,”

A Sir Miles Mattison, KC.

The following unclaimed tale is lying at the office of Great Northern Telegraph (Limited) of Dez.

Vendor, from Shanghai,