1931-03-23 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

$50,000,000 Ausbordad Capital commun Land Fully aid-up $20,000,000 Beserta Punda:-

Sterling

£ 0,500,000

Silver.............$10,000,000

Emerva Ilability of Proprietor's $20,000,000 HEAD GYYIGE: HONG KONG.

BOARD OF DIRECTORA :-

lion. . . . . Mackie. Chaleman.

Iton. Mr. J. J. Palemon, Deputy Chairmen.

W. II. Ball, Boq. T. E. Pensen, Eng.

4. E. Compson, Eaq. 3. A. Planner, Eng.

B. Lander win, Eng. T. 11. R. Shaw, Paq.

4. Miskin. Eng.

AMOY

RANOKOK

DATAVIA

DOMBAY

CANTON

J. F. Waren, Ka

Chief Manager.

V. M. Grayburn, Eng.

BRANCHES

LONDON

LYOSS

MALACCA

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858.

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 Itd. C.

Authorised Capita! Straits $20,000,000 Issued Capital

Reserve Fund

...£3,000,000 £4,000,000

Reserve Liability of Pro-

prietors.

Fald-up Capital

.£3,000,000

Resorvo Liabilities

of Shareholders

Agencies and Branches:

Surplus

ALUR STAR

KUALA LUMPUR

Malay inter}

KUOHIKO

AMITHAR

KADIAS

BANGKOK

1LA TAYFA BOMBAY CALCUTTA CANTON CAWNPORK CRBU COLOMBO

BAIREN (Dalby

South Mancharing

DELIN

HAIPHONG HAMBURG

JANKOW

IN. Mancharia)

SINH CÔNG

10t0

MANILA

1700

MEAR (Johor)

KARACHI

MUKDIEN

HEANG

NAGASAKI

CALCUTTA

NEW YORK

CHEFOO COMORBO DAIBEN

CHOW

HALPITONG

JLAMBURG

JANKOW

BARION

HIGNOSEW

ILOILO

Пол

JOHURE

ROBE

KOWLOON.

KUALA LUHNER

PRIPING

PZNAKO HANFODN SALOON

SAN FRANCISCO

SITANGHAL

SINGAPORE

SOTITANAYA

SUNUEL PATANI THENIBIS

TUKIO

T818UTAO

YOKOHAMA

Carrout Accounts upated In Local Currency Fizel Deposits recoised for ons Jar of sector periods in Local Currency and Sterling Cermin which will be quoted an application. llveg Kung. 8th February, 1951.

HONG KONG SAVINGS BANK.

cc.com

The Business of the aloto Bank in product ed by the 110NG KONG AND SHANDHAL DANKING CONFORATION. - Ituen may b obtained ca sppiration.

FOR THE HONGKONG AND SANOMAT BANKING CORÍURATION,

3. 21. ΟΠΑΥΠΙΠΝ,

Hong Kong, 18 July, 1900.

Chief Maunger;

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

BS, Boulevard 'Haussmann, l'ario.

Subscribed Capital .Frs. 72,000,000.00 Paid Up Capital. Frx. 08,400,000.00 Reserve Funda...Fra.102,000,000.00 BRANCHES: Bangkok Hong Kong Quinhon

Balgon Battambang Hao

Mengtro Cantho

Shanghai Canton Nam-Đinh Singapore Djibouti Neuroco Thanhea

Tiontain Fort-Bayard Papeete Halphong

Peking Tourate

Hanoi

Hapkow Tnom Penh Vinh

Pondicherry Yunnanfu- BANKERS: IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Bauque de Parle et des Pays-Bas Credit Industriel et Commercial; So ciete Generale.

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

IN NEW YORK: J. P. Morgan à Go.; French American Banking Cor. poration; Guaranty Trust Co. of New York.

KODE

KUALA XASONAR

(PF.M.B.)

MANILA

MEDAN

NEW YORK

PEKINO

PINA NO

RANGDON

SATION

HEMAHANG

SEURAIDAN

SIA SOMAL

KINGAPORE

SOURABATA

TAIPING 47.1.5.3

TAVOV

TIEKYBIN

TOKYO

TONOKAH (Bhukas) THINGTAO

YORUBAHA

ZAMBOANGA

(Philippine inade)

and Genera! Foreign Exchange Banking business transacted.

Current Accounts opened and Fix- ed Deposits received for 1 year or thorter periods at rates which will be quoted on application.

A. H. FERGUSON,

Manager. Hong Kong, 8th January, 1929.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: G5, Wall Street, New York.

Capital, Surplus and

Undivided Profits..U.S.$224,564,298

Branches In

ARGENTINE LONDON

BELCIUM

BRAZIL

MEXICO

PANAMA

PERU PHILIPPINE

ISLANDS

CHILE

CHINA

COLOMBIA 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 Transfors Gurrent accounts bought and sold. and Savings Bank accounts opened and Fixed Deposits in local and for- at rates 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.; la Paris and Nice.

F. McD. COURTNEY,

Hong Kong, 20th February, 1931.

THE

8,000,000 4,000,000

4,000,000

Commerce and

Finance

MONDAY, MARCH 23, 1931.

ideas and throw away something MR, F. A. SZARVASY.

that had outlived its usefulness. There was no fun like work or achlovement, and be it little great the game was there all the same.

or ANTHRACITE COLLIERIES' NEW

CHAIRMAN,

OLD AGE INSURANCE THE BUSINESS MAN'S ment of the joint stock company Amalgamated

OF WORKERS.

QUALITIES.

2,628,000 Big Standard Oil Scheme Mr. Gordon Selfridge

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

Every description of Banking and Exchange business transacted.

TAN ENG HOOI,

Manager.

NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.

NETHERLANDя

A TRADING ROSIETTI BANKERA,

atabilabon 1870.

Yang Long Ufes;--14, Queen's Food Central. Authorlead Captial Uuildarn 180,000,000. (217,500,000, Pald-Up Capital ............. Quilders 50,020,530 10,389,170) Barve Pund Quilders 40,015,300

(0,281,283)

Hvað Ofori-AMSTERDAM" Eastern Bond Of:-DATAVIA, BRANCHER:- Dandjarmasin, Bandose, Dobey Calmatia, Cheilom, Djember, Djok jakerie" The Hague", Judah, Kole. Kota Hadja, Makasar, Medan, Padang Palembang, Pekalongan, Panen Fortianak, Bangoon Bordam Hamarung".Bhanghai, Biboin Blogspora, Bourbis. Hoerakarta (Sole" Togai, Tillajoy and

(Bumai),

Weitarreden'.

* These alone have safe deposli bozan to lak London Bantare :—National Provincial Bank Ltd. Correspondant all over the world Banking buloses of every dawcaption transscled,

A. STOKKINK,

Acting Manager,

Bong Rong, 18th August, 1980.

THE BANK OF CHINA. 行銀國中

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

INTERNATIONAL EXCHANGE

ernment as sa

BANK.

for Employees.

on Organisation.

The Standard Oil Co., of New

In the course of an address on York announces that it has taken the selence of business" as a learn- out an old age "blanket" insurance ed profession, to a large gathering policy for ita 45,000 employees of members of the Liverpool Cat- with the Metropolitan Life Insur-ton Trade Institute Mr. H. Gordon ance Co. of New York. The mon Selfridge said that as an en will be eligible for retirement at thusiastic disciple of business, he sixty-five and the women at fifty-recognised the tremendous change five. This is said to be the largest that had come over public senti- transaction ever made through ment towards what they called aingle insurance company.

He attributed a certain amount of depreciation in the imaginative features of business to the develop- At a meeting of the board of the Anthracite Cal- Iden, under which there was not Neries, Ltd., Mr. F. A. Szarvasy the same efficiency and determina- was appointed chairman in succes tion as in private business, not the sion to the late Lord Melchett. same readiness to take a chance. Lord Melchett was appointed a de- A managing director was subject puty-chairman of the company

Mr. F. A. Szarvasy was already joint deputy-chairman of Amal- gamated Anthracite Collieries. Ho is chairman and managing direc- tor of the British, Foreign and Colonial Corporation, Ltd., chair- man of the Anglo-French Banking Corporation, Ltd., and a director of the Dunlop Rubber Co., Ltd., Mar- tins Bank, Ltd., the Guardian. As- surance Co., Ltd., and other con-

to the criticisms of his directors, with Sir David R. Llewellyn. Mr. to who in their turn were liable to the W. M. Llewellyn was invited cross-examination of shareholders, | join the board to fill the vacancy. and the whole thing evolved itself into a condition of "let well alone," which he regarded as fatal to progress in business.

Theirs as business men was the privilege of imagination, and was there anything more delightful than to sit back and let one's thoughts go in the wildest way and to gather an idea which could be trade and commerce. We lived in put into actual being? The reni The group insurance and pena

success in the conduct of any busi, cerns. commercial age, in which the sion scheme announced above is a business man occupied a first place, ness came from Intelligent detail. fandmark in the history of life in and consequently certain obligned general management. surance, and shows the rapid stepstions reated upon him.

no

which actuarial science has made There were certain thinga neces- in meeting the economic and social sary for men in business if they problems of the time, writes the would be leaders. The leader must Financial News in connection with know what was going on in the the above message. The Standard world at large, and with the facili Oil project includes group life in-ties now available there was aurance in the largest individual excuse for him if he did not amounts of any plan yet written. know. Mon in business must know Members of the plan are insured the habits and demands of the for as much $20,000, or say peoples of other parts of the world. £4,000, while in the event of ac Another thing they must know was cidental death--a risk which is finance, and they should have the very real in the business of refin fine art of organisation, which ing petroleum-additional benefits meant the selection of people to do |rising to another $10,000 are pay their work for them.

able.

as

Premium £160,000 Per Month. The penalon scheme is fully notable as the group

PIECE GOODS.

SOME NEW FORWARD BUSINESS REPORTED.

The reports and prices are pub- shed as supplied by importera, and the General Chamber of Com merce cannot accept responsibility for the accuracy thereof :-

Cotton Piece Goods and Fancy Cotton Goods,

Lord Melchett, in addition to being a director of Amalgamated Anthracite

Ltd., Colllories,

ia Stafford- chairman of the Mond

Vic- shire Refining Co., Ltd., the toria Syndicate, Ltd., and Anglo- Properties, Ltd. and deputy-chair- man of the South Staffordshire. Mond Gas Co. He is a director and member of the executive com- mittee of Imperial Chemical Indus- trics, Ltd.. and a director of Bar- clays Bank.

TIN IN THE EMPIRE.

The British Empire controls the 1 The rise in exchange has assisted bulk of the world's gold In carrying on a business it was

It is rapidly de- not so essential for a man to know many small lots to the books, and output;

its copper Resources how to do everything himself, but although aggregate is retail in veloping

Canada and Rhodesia, Во Insurance he should find someone who could quantity it is refreshing to be able in

that in a few years it will control feature. The pensions are calcu- do any single thing in that busi- to report new forward business.

Grey shirtings and white drills a large part of the world's copper lated on what is known as the "ness better then he could do it

according to figures supplied by the annual re- view for 46 per cent. of the world's tin output."

ings reported.

Coincident with appreciation in exchange, clearances have fallen away slightly and there has also teen some casing in market prices. Fluctuations in cotton values have, smelted been confined to narrow limits. Latest figures to hand are those of 19th instant.

in

per cent." basis; that is, workers himself. Organisation in a large figure amongst miscellaneous book-production; and who retire on pansion will receive business was perhaps the most income for life equal to 2 per essential thing of all in its cent. of their earnings for every creation, and another important year of service. Heretofore there matter was that fine thing dis- have been many 2 per cent. plane cipline, which was not a desire to Subscribed Capital ...$25,000,000.00 | applicable to staff employees, but make a man tremble and worry, Paid-Up Capital $24,710,200.00 such a generous basis for indus-but to make him smile when the Reserve. Funds

.$9,820,503.82 trial workers la an innovation.

manager came round, and to obtain It is understood that owing to from the employee the greatest the magnitude of the plan the pre efficiency. mium to be paid by the Standard Oil Co. to the Metropolitan Life will he £160,000 per month, surance men were

READ OFFICE: SHANGHAI,

HONG KONG BRANCH:

4, Queen's load Central.

Owing to

Scrapping Old Idens. In- Everything if not attended to de- wonder-preciated, said Mr. Selfridge; that a business, indicates was certainly true of aur numerous branches ing whether this move in China and large connections in the aimitar action by the other and it was their privilege as mem- important commercial centres-of-the

of creative world, we are able to extend to our Standard Oil units, but no In-bers of this science of business to clients special facilities for domestic formation as to this had been re- furnish the spark and foreign banking and exchanges.ceived by the London oiles of the strength which built a business up We also handle the issue of Bonds Metropolitan Life at Bush House, again. New things wore constant- and other Public Funds of the Chin: Comment also was made on

thely being thought out, and it was se Government bath at home and

fact that this wholesale measure one of the joys of life to scrap old for the benefit of its employees on the part of Standard Oll of New York hardly agrees with reports of distress and depression in the United States.

Manager. abroad.

Interest Allowed on Currant Ac- AMERICAN EXPRESS COMPANY,

counts and Fixed Deposits according

to arrangements.

Every description of Banking and

Exchange Business transacted.

INC,

Safe Deposit Boxes to lot.

A. LECOT,

Head Ofce: 65, Broadway, New York.

Manager.

Capital Surplus

Hong Kong, 1st May, 1929.

Reserves

THE YOKOHAMA SPECIE BANK,

LIMITED,

Established 1899.

Capital (fully paid-up) Yen 100,000,000 Reserve Fund ...Yen 116,000,000

Head Ofce--YOKOHAMA. Brouchre and Agencles at:

Alexandria

Hotavila

Bombay

Buenos Aire

(Temporarily closed). Calcutta

Canton

Changchun

Dairen (Dalny)

Nagoya

Newchwang

New York

Qraka

Poking

Hatgond

Rio de Janeiro

Saigon

San Francisco

Fongtien (Mukien) Seattle

Hamburg

Hankow

Herbin

Hong Kong

Honolulu

Kai Yven

Keracki

Kobe

London

Los Angeles

Lyoph

Manila

י

Semarang Shanghai Shimonosex1 Singaper Soorabaya Sydney Tientsin

Tsinaafu

Taingtau

Vladivostock

(Temporarily closed)

Nagasaki

Intereat allowed or Current Ac- counts.

Deposita received for fixed periods at rator to be obtained on applies- tion.

H. MORI.

Manager.

Hong Kong, March 11, 1931.

.U.B.$8,000.000 .U.8.$1,572,454 U.S.$1,508,209

BRANCHES:---

& that

Amsterdam Antwerp

Baals

02.06

Glasgow

Nico Suples

Berlia

Biarrita

Hembay Brett Benel Quezon Ama

Havan ilamburg Havre Interlaken Jaruzalans Lido

Pitt Paris

Голаск

Paking Palermo

Fotterdam

London

Bome

Calro

Dainulta

Can

Lirarpool Lucerne Lugnoo Lusor Murillos

Rumboul

Colombo Constantinopl Copenhagen Ednburgh Florinos Gyzers

Monte Carlo Mazila

Munkeb M Milan

Shangbil "Buthampto

Kingapor

51. Moritz

Tirniais

Tendon

Yokohama

Zorick

Branches of American Express

SHOU J. CHEN,

Hong Kong, 6th March, 1930.

Manage

THE BANK OF CANTON, LTD, Established 1912,

Head Office:-Hong Kong.

Authorland Capital (H.X. Currency) $11,000,000 Paid-up Capital

8,643,000 Reserve Fund.........................

1,100,000 BRANCHES — Canton, Shanghal, Hankow._8wnlow. Bangkok, New York and Bas Prancison

CORRESPONDENTS

LONDON DANKERS: —

The Lloyd's Bank, Lárised.

in all principal cities of the World. Porsign stohange and banking business of every description transacted,

Bata Deposis Bosse (varimin alam) så a purly rental of Iran pử to $10.

LOOK POONG SHAN,

Chief Manager.

NORTH BORNEO.

MEETING OF CHAMBER OF COMMERCE.

Section 107 of the U.S. Tariff Act 1930 was considered again at the meeting of the committee of the North Borneo Chamber of Com- merce, held on February 14, the Hon. (Mr. F. W, Pinnock in the chair), when Government's reply to the Chamber was read and after discussion it was decided to men- tion the matter to the Borneo Com. mittee in order that they might take this matter up with companies shipping to America.

The correspondence between the North Borneo Planters' Associa- re the and the. Chamber Liaison Committee of the Rubber Growers' Association having been previously circulated to all mem. bers of committee, it was decided Makong Nasto, Salachiku, Talaha. Tenso, that the proposals put forward by CHINA-Ebaoghal, Harkow, Amor, Feochow, the Planters Association were not

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO.) 1

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

Central Bank la Formosa.

Company in Principal cities of Valt | Bank-Noder samsad Average amount 24Xen, 15,500,000 ed States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Personni handled.

investment

BRANCHES AND AGENCIES: JAPAN-Tokyo, Tokokamos, Kobe, Osak

FORMOSA---Õiran, Kagt. Karenko.

Takao, Temel Toen, Helio, Taitz.

Bwatow, Canton

+

accounts OTHERS-Hong Kong. Hingapore, Bosbaya

Semarang, Balavia, Bombay, London, Bar York, Dairen,

LONDON DANKERS,

The Company offers to intending The London County Westminates and, Parr's Bank.

tion

acceptable to the Chamber. In the Calcutie circumstances it was resolved to leave the matter to the R.G.A. in- Meanwhile the secretary was structed to convey to the R.G.A. that the resources of the Chamber- were unreservedly at their dis- posal.

Travellers the use of its "Travelers The Bank has Corsepondents in all the principal

Cheques" and Letters of Credit and, commercial Centrue throughout the world. In addition, the world-wide services

K. XLOURL

of its thoroughly equipped, Travel De- | Hosa KONO BRANCH, partment.

Affiliated with

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

C. H. BENSON,

Manager.

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD, OFFICE:

10, Des Voeux Road, Central

Capital, and Surplus/

Total Resources

HÙNG TONG

Cover H.$ 8,000,000.00

over EL$30,000,000.00

Every description of Banking and Exchange business. transacted.

Current and Fixed Deposit Accounts In local and for- eign currencies' opened for clients b

Savings Account and Safe Deposit Boxen Branches and Agencies all over the world,

KAN TONG - PO,

Chief Manager,

B. De Vaux Bond Centesi. Hong Kong, 15 January, 1990.

Manager.

A letter dated January 1, was read from the Borneo Committee together with copy correspondence 18|19|||||||||||||||||1883111|19||£££££350 | in connection with the question of

COASTWISE

by

“ALGIE" BENNETT.

An interesting book of Cartoons depicting "Happenings" On the Chine Coast

PRICE $1.00.

Now on sale at

DREWERS

WHITEAWAY, LAIDLAW EXCELSIOR BOOK STORE.

and at the Publishers-

the disparity between the rates of wages for Javanese operative in Dutch Borneo and British North W48 Borneo. After discussion It decided to awalt the Dutch Labour Inspector who was shortly due to vluft the State.

The chairman intimated that owing te his imminent departure. on home leave' be desired to request leave of absence from his duties on the Chamber.

Mr. Phillipps said he thought he was only volcing the wish of the committee in thanking Mr. Pin- nock for his constant and unremit ting care and attention he has de- voted to the Chamber's interest during his years of office and in conclusion trusted he would enjoy to the full his well-deserved holl

Mr. J. K. S. Malcolm was LED- animously voted to fill the vacancy

The Newspaper Enterprise, Ltd. In the committee thus occasioned.

China Mail Buildi

There being no business the meet ing terminated with a vote of thanks to the chair.

Mid. Am. "Spot" 5.98d. Sakel, 9.80d.

Eg.

In addition to this a further 42 per cent. of foreign tin ore Is Empire territory. Nearly the whole Empire smelter production is concentrated in two areas the United Kingdom and

There- . the Straits Settlements. fore, 88 per cent, of the world tin smelting capacity is situated in the Empire.

Cottons and Woollens. There has been some enquiry for

The United States is a negligible woollens for July-August shipment but so far it has proved difficult to primary producer of tin but ab- connect. Wool prices have advanc-sorbs 48 per cent. of the world's

weeks and this offsets the slight amelts 88 per cent. of the world's ed sharply during the past few consumption. The British Empire 18 per cent. Improvement in exchange. Clear- tin and consumes ances of Spring cargo have been Europe, excluding the United King- brisk and prices in the local mar-dom, is a much larger consumer

than producer. ket are firm.

PEARLS

BEAUTIFUL with their soft, lovely sheen,

PEARLS are the Gift Superb for birthdays, weddings and anniversaries.

J. ULLMANN & CO.

ESTABLISHED 1860.

JEWELLERS.

CHATER ROAD.