1931-03-19 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorinud Capital

$50,000,00 Tsaund and Pully Paid-up $20,000,000 Peera Pupe !

**

€ 0,50,000 $10,000,000

Elver Rentre Liability of Proprietor $20,000,000 HEAD OFFICE, HONG KONG,

BOARD OF DIRECTORS:

Son. Mr. C. S, Markir, Chairman.

1. Mr. J. 3. Paterson,

Deputy Chairma

W. H. Ball. Tx4.

T. E. Peator, Eng

A. 1. Compton, Ey 1. A. Mantare, Ky.

9. lander Twi PT. 11. R. Shaw, Eart

12. Micken, Baq.

AMOT

HANGROR

J. 1. Warren, Esq.

Chic user.

V. M. Grayburn. Yaq.

BRANCHES:-

LONDON

LYONS

MALACCA

BATAVIA

33 BAY CALCUTTA

MANILA

MUAR attral

CANTON CHEFOO

MUKEN

NAGASAK!

CALONBO

BAIKEN FORTOW HAIBUNG ABO

BANKOW

JAN

HOMEKEW

11/11.00

$3000

JEFORE

hard

KOWLOON

KUALA LUMPUR

NEW YORK

PEIPINO PENAND BANDOON

SALOON

SAN FHANGINGO

GANGHA

SINGAPORE

TRANSA SUNGEE PATANI TEMIMIK

VINUTAU SURUHANA

Current Act Reperti itu kaal Gurtzung Adiposit- tevrited the you! I bursed. Low Costory and Sterles was what with bed on applicet. Lis 2013, Ehrung, Bi.

HONG KONG SAVINGS BANK.

The Bones of them alone iauk in conduct. by The HUNG BONG AND SHANGHAU Hutes masy m BANKING CORPORATION,

ablatond spen

FUR HONGKONG AND SHANGHAI

BANKING CREATION.

3. M. KAYUSUN,

1long Ki Jul,

Chin Manegee.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

9, Boulevard laussmann, Paris.

Subsribed Capital Frs. 72,090,000.00 Paid-Up Capital...Fr. 68,400,000.00 ...Frs.10%,000,000,1/2 Exservo, Funds

bangkok

BRANCHES: Hong Kong Quinhon

Saigon Battambang He'

Mengtze Santhy

Djibouti Fort-Bayard Papeete

Shanghal

Canton Nani-Dinh Singapore

Noumea Thanhea

Tientsin Tourane Peking Paon-Kenh Vinh Pondicherry Yunnanfu BANKERS:

Haiphong Harkow Handi

IN FRANCE: Comptoir Nationa! d'Escompte de Paris; Credit Lyonnais; Ranque de Paris et des Pays-Ba; Credit Industriel et Commercial; So elete Generale.

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

IN NEW YORK: J. P. Morgan & Co.; Fonch American Banking Cor- poration; Guaranty Trust Co. of News York.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1863.

HEAD OFFICE: LONDON.

Paid-up Capital

THE

CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917.)

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

.£3,000,000

Reserve Fund

.£4,000,000

Pald-up Capital

Authorised Capital Straits $20,000,000 Isnned Capital

Reserve Liability of Pro-

priators

Reserve Liabilities

.£3,000,000

of Shareholdera Surplus

8,000,000 4,000,000

4,000,000 2,626,000

Agencies and Branches:

ALO STAR

Malay latex

AMRITSAR

BANGKOK BATAVIA BOMBAY

GARGHITA

CANTON CAWNPORE CLAV

COLOMBO DARREN (Daly

uth Mancheria) DELHI

REALPUNG

AMR

JANKOW

HARBIN

IN. Maurbazios

ljJNG KONG

Dom

KUALA LUMPUR KUCHINO

MADRAH

MANILA

MEDAN

NEW YORK

PERING

PENAN

BANGUON

SAHIR

NKMABANO MERIKABAN

#HANCHAL

SENDA PORE

SOSEABAYA

TAUPINO (P.M.8.)

TAVOY

TIENISIN

UKOLIKO

TONGKAH (1)

КАКАПИ

TSINGTAO

KLAND

VAROHAMA

ZAMBOANGA,

KUALA KASOSAJ

(Philippi lelands)

PP.M.R.J

and

General

ROBE

Foreign Exchange

Banking business tranmieted.

Current Accounts opened and Fix. ef Deposits received for 1 year or shorter periods at rates which will

be munted on application.

A. . 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 Profitu..U.S.$224,654,298

Branches in:-

ARGENTINE LONDON

BELGIUM

BLAZIL

CHILE

CHINA COLOMBIA

CUBA

DOMINICAN

REPUBLIC

INDIA ITALY JAPAN

MEXICO

PANAMA

TERU

PHILIPPINE

ISLANDS

PORTO RICO

STRAITS

SETTLEMENTS

URUGUAY

VENEZUELA

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

at rutes that eign currencies taken

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 also of The National City Bank of New York (France), S.A., in Paris and Nice.

F. McD. COURTNEY,

Manager Hong Kong, 20th February, 1931.

THE

Interest allowed on Current Ac- AMERICAN EXPRESS COMPANY. counts and Fixed Deposits according

to arrangements.

Every description of Banking and

Exchange Business transacted.

Safe Deposit Boxen to lat.

A. LEGOT,

INC.

Head Office: 65, Broadway, New York.

Manager.

Hong Kong, 1st May, 1929.

Capital Surplus Reserves...

.U.S.$6,000.000 .U.9.$1,572,454 .U.S.$1,908,209

BRANCHES:-

Amsterda

Верасень

Antwerp Albena

Glasgow

Nice Kapine Pictur Paris

Backin

Tang

Diarie Borbay

Bremen

Brusela Buon Al

Cairo

THE YOKOHAMA SPECIE BANK,

HIMITED.

Established 1880.

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

Head Ofice:-YOKOHAMA. Branches and Agencies at:

Nagoya

Alexandria

Batavia

Bombay

Buenos Aires

(Temporarily closed). Calcutta

Canton

Changchun

Nowchwang

New York

Osaka

Peking

Rangoon

Rio de Janeiro Saigon

Dairen (Dalny} San Francisco

Forgtion (Kukdon) Seattle

Hamburg

Semarang

Hankow

Harbin

Hong Kong

Honolulu

Kat Yuen Karachi

Kobe

London

Los Angeles

Lyans

Manila

Nagadaki

Shooglai Shimonosek Singapore Soerabaya Sydney Thontalp

Tokyo Teinanfu Taingtau Vladivostock

(Temporarily closed)

Interest allowed or Current áo-

corat

Deposits received for fixed periods at rates to be obtained on applica tion.

HL. MORI,

Manager.

Hong Kong, March 11, 1931.

Calcutta Canoes Colombo

Constantinople Copenhagsa Edinburgh

Ploteno

Havana Hamburg BATTE Interlaksa Jerusalem Lida London Iltarpool LA

Luzano

Marulls Monte Carta

Sfalte

Munich

Pakisz Palermas Bollardaza Exem Blamboul Fungal Routhampton Songtyork

5. Mort

Tardian

Vjouts

Traite

Yokohama Zusich

Hoolpour ELDOVA

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

All classes of Commercial Banking Transactions undertaken.

Ретволд handled.

investment

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

Every description of Banking and Exchange business transacted.

TAN ENG HOOI,

Manager,

NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY)

BANKENS.

Established 1824,

Hong Kong Ufice:-11, Queen's Bond Central. Authorised Gaplini Opera 180,000,00

(219,800,000.) Pal-Up Cupla ............... Calders 90,580,0

120,349,170 1er Pund. Guilders 60,010,000 [20,21,487)

Hand One — AMSTERDAMI” Easter Dad (M20:~BATAVIA. BRANCHES :- Sardjamsels, Landboug". Bombay. Cacilla, Üleribou, Djember, Dysk jakarta", The Ingue", Judiak, Kobe

Pekalongan Pasangi

Hibol

Rosa-Itadja, Makassar, Medan, Palog

Fatombeog, Fontianak Hugo Botterdam Mama

Thangal, (Sumatra), Bigporn, Somrakarta (Solo), Tegal, Talajon and

Wellerradan.

• Teens offres bara sale depoali boxne to lef. Tondon Bankees -National Provinilah Dank Guld. Cranepholenia all over the world Banking business of every duurripilan iratusele.

A. STOREINE.

Acting Manager,

Bong Bag Toth August, 1280,

THE BANK OF CHINA.

行銀國中

Reorganised October 26, 1928, under special charter of The National Gov.

ernment as an

INTERNATIONAL EXCHANGE

BANK.

THURSDAY, MARCH 19, ́ 1931.

WHERE BRITAIN LAGS,

Argentina.

Commerce and US. Concern At Prine's Visit To

Finance

United States business men, and even the US. House Appropriation

GOLD EXTRACTION. FINANCIAL WISDOM. Committee, are expressing concern

WOMAN CLAIMS DISCOVERY OF NEW ROASTING PROCESS.

LAMMERT BROS.

AUCTIONEERS, APPRAISERS AND SURVEYORS,

- Public Auctions

regarding the visit of the Prince instructions to sell by Public

HE Undersigned have received

Auction,

ON

TUESDAY, March 24, 1931, commencing at 10.30 a.m.,

at No. 5, Carnarvon Building, Kowloon,

A Quantity of • VALUABLE HOUSEHOLD

of Wales to South America, and "ROTTING THE CHARACTER OF think it is an event which is sure

OUR PEOPLE,"

to consolidate the British trade position in Bomc of the South American Republics, and parti- Mrs. 5. Males, of the Lydenburg Lord Grey of Fallodon:-

Britain district of the Transvaal, has in-

in Argentina. "How can we hold our own in a cularly vented a new

process. for the re- competitive export trade, when the could well emulate this concern in covery of gold from refractory ores, revival comes, if we are to bear the regard to the many parts of the

She exceedingly heavy handicap of the! It is a roasting process.

world in which U.S. traders are elaims that every, particle of gold burden of our taxation 7"

Hon, Rupert E. Beckett (Chair-penetrating and successfully attack- | 29, 1931. is extracted from the ore and that

man, Westminster Bank, Ltd.):-ing the

of British the cost is extraordinarily low.

"There is in progress a change. In some of her first experiments she used a frying pan for roasting the ores,

She proposes to erect a plant if she can obtain the neces- sary financial backing.

"RESTRICTION."

Ban On Importation Of Machinery.

Rio de Janeiro, Mar. 10.

positions

in the nature of the demand for traders, writes the Journal of commodities, which tends to swing Commerce. from necessities to luxuries, and to Mr. A. W. Downle, the High this change industrialists have not Commissioner for Southern Rhode- yet adjusted their plans."

sia, who was the guest of the Royal Sir Robert Horne, P.C., M.P.. Empire Society at the Cannon (Former Chancellor of the Ex-Street Hotel, told his hearers that chequer):

The United States, Canada, Japan, i "We are not only steadily eating Italy and other countries were up our resources: We are rotting working hard to secure a greater the character of our people." abare of the trade of Southern and Northern Rhodesia, and, what is more, they were steadily succeed- ing.

Mr. J. M. Keynes, CB, (Chair A novel mensure for cheeking man. National Mutual Life As over production has been adopted (surance Society);——

There was a desire for British

by the Brazilias Government by a "London's difficulties have been decree banning for three years the due to her efforts experienced goods in both these Provinces, but importation of machinery or ap-and considerate creditor that she paratus used in existing Indus-is-to save the position by carry. tries whose output the Government ing more of the responsibilities of

the creditor countries as a whole!

considers exclusive,

the more pushful traders secured the orders. It would well repay British producers to study the re- On the other hand is a provi-than properly belongs to her.

quirements, not only of the white; population of the Rhodesias, but sion enabling the Minister of Sir Ernest Benn:- Labour to issue licences for the "There is nothing worse that also of the native population, and importation of machinery intend can happen to money than that it if they did so they should secure business that would grow in ed for the creation of industries | should get into the public purse."

(President, volume and well repay the trouble Sir Edwin Airey not at present carried Brazil.

National Federation of Building necessary to get it. Washington, March 10. Trades Employers) :- Consternation is felt ut

"Politicians of all parties have Commerce Department as a result to learn that the best way to help of a decree issued by the Brazilian industry is to leave it alone Government

much as possible." yesterday

on

the

banning,

A8

for three years. the importation Hon. Walter D. Gibbs (Chair- of machinery for the use of all man, Australian Pastoral Dow Subscribed Capital....$25,000,000.00 industries which are over-produc. | Ltd.);—

"Governments, industries, and Paid-Up Capital ......4.710,200.00 ing.

have, alike The officials of the Commerce private individuals Reserve Funda

.$ 3,823,503.82

Department look upon the em-suffered from the results of "easy bargo as the most drastle made come, easy go." recently by any South American country, for the Brazilian market

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH: " 4, Queen's Road Central.

is regarded as one of the most im- portant outlets for American

Owing to our numerous branch-smachinery and allied products.

Between $5,000,000 and $6,000,- in Coins and large connections in the important commercial centres of the 000 worth of machinery have been world, we are able to extend to our exported annually from the Unit- clients special facilities for domestic and foreign banking and exchangen.ed States to Brazil during the Inst

We also handle the issue of Bonds few years.--Reater Wireless, and other Public Funds of the Chin- ase Government both at home THI abroad.

SHOU J. CHEN,

Hong Kong. 5th March, 1920.

Manager.

THE BANK OF CANTON, LTD. Established 1912

Read Office:-Hong Kong.

Authorised Capital (15.X, Currency) $11,500,000 Paid Up Capital

8,065,00€ Heserve Puad 100,000

COFFEE IN BRAZIL.

Over-Production Dealt With Drastically.

Rio de Janeiro, Mar, 10. Drastic measures to deal with the over-production of coffee are announced by the Minister of Fin- ance. He stated in an interview that the Government had decided Lo acquire the stock and divide it Laugtok, New York and man Fraints annual quotas so that it could be absorbed without undue dis- turbance to the market.

BRANCHE-

Cameo, Bhangtai, Backow,

CORRESPONDENTS

LONDON BANKERS

The Lloyd's Brak, familied,

lo all principal cities of the World.

BELLOW,

Fong kange and backing basinger of wvery description_iznosacred,

Hale Dapoes Bozən (yarıdan visor) st a gonzly reosal of from $3 to $40.

LOOK POONG SHAN,

They might prohibit new planta- tions for five years and impose a tax which would eliminate inferior qualities, but these measures

SUSPENDED PAYMENTS.

French Group Which Backed Air Mail Service.

Paris, March 11. A banking group consisting of three separate concerns suspended payment to-day.

The group financed the French air mail to West Africa and South America. It is generally under- stood that the closure is only tem- pornry and the assets apparently exceed the liabilities.

There were no incidents outside the branches of the banka, which spread throughout France, and the services of the Compagnic Acro- postale, which the group financed. will continue as it is subsidised by Government.---Reuter Wireless,

FRANCE AND OIL.

Chief Manager would he postponed if other pro- Mesopotamia Company: A Big

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

ducing countries did not adopt similar tactics.

He added that the Government was studying a plan of financial reorganisation in collaboration HEAD OFFICE:-Taipeh, Formosa.with Sir Otte Niemeyer.-Reuter

Incorporated by Special Imperial

Charter, 1899.

Central Dank in Formosa

Bank-Notes sasued Average amount ..Yum. 14,000,000 BRANCHES AND AGENCIES, JAPAN :—Tokyo, Yokohama, Zabo, Oraka. FORMOSA:-Fran

Harenko, Malong. Hao, kinakiku, Talch, Te Takso, Tamu, Toon, Helio, Juk GRINA :—Bhanghai, Kunkow,

Fouchow Amoy, accounts OTIKENS

Bingapore, Bourabaya Berang,

Caloulla Batavia, Donday, London, New York, Daben.

LONDON BANKERS:

"Contact

BAK KORE

The Company offers to intending The London County Westminster and Parz's Bank Travellers the use of its "Travelers The Bank has Correspondente in all the principal Cheques" and Leiters of Credit and, Commercial Centre throughout the world.

I. NAGURA. in addition, the world-wide services

of its thoroughly equipped Travel De- | HONG HUNG BRANCH: partment.

Affiliated with

De Vaur Bood Central. Hong Kong, 19th January, 1929.

Manager.

Wireless,

WORK FOR GERMANY.

Saccess of Industrialists' Visit

To Russia,

Increase Of Capital.

Paris, March 11. ' Explaining the Government's con- templated measures for the revision of the system of control of petroleum and oil concessions, M. Rollin, the Minister for Mines, be- fore the Mines Committee of the Chamber of Deputies, said an in- crease of capital would probably be involved in the new agreement be- tween the State and the Compagnie des Petroles Mespotamie.

The portion to be supplied by the State would be 200,000,000 francs, or about 25 per cent. of the total.-

Berlin, March 11. Big orders for German firms, particularly in the steel, fron and electrical industries, are likely to result from a visit to Russia by 20 German industrialists who have Reuter Wireless. just returned to Germany.

The steel and iron magnate, Herr Russian Kloeckner, hoped that orders would oanble German Indue- try to provide employment for a

THE CHASE NATIONAL BANK ||||||||||35|16|8considerable number of workers.

Resources ..Over G$2,500,000,000

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_H$:8,000,000.00. over II.$30,000,000.00

Total Resources

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 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 Const

PRICE $1.00.

Now on sale at

BREWERS WHITEAWAY, LAIDLAW - EXCELSIOR BOOK STORE.

and at the Publishers

It is understood that the Soviet is prepared to place large, orders with German Industrialists, parti cularly for machinery, provided long term credits are granted. Reuter Wireless. ·

STOPPAGE THREATENED.

Wages in Norwegian Paper Industry.

Oslo, March 10. The Norwegian paper industry -is-threatened with a stoppage-next- Saturday involving 125,000 men as a result of the breakdown to- day of negotiations “between em- ployees and employers for a new wage agreement.

The negotiations, which have just ended unsuccessfully, are The Newspaper Enterprise, Ltd. part of a series of wage discus-

China Mall Building

.................................

SOVIET DUMPING.

Yugoslavia Pats Embargo On Russian Goods.

Belgrade, March 11. Yugoslavia has followed the lead of Canada, the United States and other countries. In protecting, Íta 'industries 'against Soviet dumping by the plicing of an embargo on the importation of Russian manu- fnctures. Reuter Wireless..

AN INTRODUCTORY HISTORY

by

A. H. CROOK, ORE, MA. W. KAY, M.A.

W. L. HANDYSIDE, MA, B.Sc.

PRICE $2.00.

NOW ON BALE AT THE PUBLISHERE.

sions which are taking place in The Newspaper Enterprise Ltd. various Norwegian industries. Router Wireless.

China Mall Offices.

FURNITURE

On View from Monday, March

Terma: Cash on Delivery

LAMMERT BROS.,

Auctioncera.

Hong Kong, March 18, 1931,

PHOTO - SUPPLIES

Kodaks and Cameras. Films, Plates and Papers, etc. Developing, Printing and Enlarging.

ZIESS and BUSCHI FIELD GLASSES

Price Moderate.

A Trial Order is Solicited.

A. SEK & CO.

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

Overland China Mail.

A WEEK'S PAPERS IN ONE.

In spite of the difficulties of the past year, brought about by the unprecedented drop in exchange, Companies that have held meetings during the week report what must The Hong Kong be considered encouraging progress, Electric Company has added over 2,000 new consumers during the year, and has also managed to avoid any increase in the price of current, although the Chairman stated that such a step might possibly be necessary at a later date. Messrs. A. S. Watson and Company, also showed slightly increased profits, and the Dairy Farm Company found it possible to award a ten per cent, bonus to the staff. Full particulars of these Company meetings, and others, are contained in the OVERLAND CHINA MAIL.

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The first Ball to be given by the recently-formed St. Patrick's Society proved to be an outstanding success. The week was a notable one for social functions, the Hong Kong Police Ball also attracting a very large number of guests. Full reports appear in the OVERLAND CHINA MAIL.

*

A claim by a Chinese lady against a local bank, for alleged wrongful sale of property under a mortgage deed, brought up some piquant legal points for discussion in the Supreme Court. The case, which was one of unusual interest, is featured in the OVERLAND CHINA MAIL.

*

* *

In the world of sport, an event which proved most popular was the visit of the Shanghai Police Interport side, who were royally entertained by their Hong Kong colleagues. The various events are fully covered by the OVERLAND CHINA MAIL staff.

* * *

There is no phase of the life of the Colony or of China that does not receive attention in the OVERLAND CHINA MAIL the weekly paper that YOU MUST ORDER NOW.

Letters to relatives and friends in¡ tía, und Canada testify to the keen other parts of the world frequently pleasure and interest de weekly fail to be written even by the mast, arrival brings.

For your folks at Home to re- ardent correspondents. It is a kindly thought, therefore, to ensuṛo|ceive this wookly budget, or to keep that those away from the Colony, yourself posted with affairs during or folks at Home, should have an your absence, all that you have to unfailing supply of Hong Kong de is to drep a note to the "Over- and Chinese nowa avery week-byland China Mall.” TACONG of a subscription to the

The word "Overland" is a re "Overland China Mail."

minder of the experienos behind the Without any trouble of packing production, it having been publiek- and worrying about the Port Office ed since the early days of the on your part, and at the cost only Colony, to be wont OVERLAND of $ for thres months, the because there was no Suez Canal, "Overland China Mail" will be and that was the quickest route sent Home for you every week, by which to get mail Home. In Itths march of time the "Overland oatching the mail regularly. contains the news and special Ching Mail" has become the meet festures from the daily "Chino popular weekly news budget, ce ú Mail" that make a studied appeal has been compiled just to suit people with any interest present-day requirements, as it haa womaticover in Hong Kong, and done all along. What more could many letters from Home, Austra-he desired!

ta

READY TO-MORROW

Mall vin Suez closes at 9.30 a.m., March 21, and via Siberia al 6 p.m., March 23.

SINGLE COPY

25 Cent.

(Bald on the streets and at the bookatalis or you can ound your mhseription to the often--HK/-$13-per-aEXEM/-OF-

$16 including postage abroad. Half-yearly

or quarterly periods pro rata.l ›

No. JA, WINDHAM STREET PHONE 20021.

"THE OVERLAND CHINA MAIL.”

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