1931-03-24 — Page 2

THE CHINA MAIL.

£3.000,000

Reserve Fund

£1,000,000

Reserve Liability of Pro.

prietors

..£3,000,000

Reserve Liabilities

HEAD OFFICE:—SINGAPORE. Hong Kong Branch: 13, Queen's Rd. C. Authorised Capital Straits $20,000,000

sued Capital

8,000,000 Fald-up Capital

4,000,000

H

T

Agencies and Branches:

of Shareholdera. Surplus ..... !!!

ALOR KTAR

(Malay Male 4)

AMBITHAB

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

***** $50,000,000 2,000,000

Quiborian Capital

Imund and Fully Paid-up Lovegra Funda

Stelling.............. £ 1,500,000

Bliver ... $10,000,000

Reserve Liability of Proprietor.... $90,000,000

HEAD OFFIORI HONO KONG.

BOARD OF DIRECTORS |—

Han. Mr. C. d. 8. Blackie, Chairman,

Bom, ktr. 3. 1. Palergen, Deputy Chairma.

W. It. Ball, Fag. T. E. Paice, Esq.

A. H. Compton, Esq. 1. A. Plummer, Eng.

B. Lauder Lawit, - Eng, T. II. H. Shaw, Boy,

J. Miskin, aq.

AMOY. BANGKOK

BATAVIA

J. P. Warren, Esq.

Chlol Manager.

3. Clayburn, Evs.

BRANCHES:-

LONDON

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter,, 1853.

HEAD OFFICE: LONDON,

Paid-up Capital

CAWNPORE

JEBU

COLOMBO

DAINES (Dalny

Houlb Manchuria!

DELNI

HAIPITONO

11AMURO

THE HO HONG BANK, LTD.

(Established 1917.)

LYONS

MALACIA

KUALA LUMPUR

KUCHINO

MADRAH

MANILA

LA KUKOK

BATAVIA

HOUBAY CALGUITA

MEBAN

NEW YOR

PERINO

LANTON

HANKOW

HARBIN

3. Monburial

TV3

PENANG

BANGOON

SALON

SEMARANG

SERKADAN

SHANORAL

KINGAPORE

SOUDA DAYA

TAIPING (F.3.9.) TAVOT

TEENIN

TOKTO

TR1801AO

HÙNG KONG

ILOILO

BOMBAY

MANILA

TONGA (Puket)

CALCUTTA

MUAR (Johor)

KARACHI

CANTON

MURDEN

KLANG

TOKOHAMA

NADABAKI

KOBE

ZAMIDANGA

KALA KANORAR

NEW YORK

Pippin Telande)

PRIPING

Gonorai

CHEFOO

COLOMIQ

DAIREN' POOCHOW HAIPHONG

PRRANG

HANOUN SAJDON

SAN FRANCISCO

SHANGHAI

SINUATURE

RAKOURU

HANKOW

KASIHN

LOXOXEW

NOILO

JUNIORE

BUSOEI PATANI

TIENTSIN

KOBB

TOKYO

KOWLOON

KUALA LUMPUR

SORBABAYA

TSINGTAU YOKOHAMA

Curret Amount opened 'lu Lora! Currouty and Fizad goals receired for one yo erint potlode in Love! Currency and Stiling antee which will be quoted on apptir. Hong Kong, 284 Pebruary, 1981,

HONG KONG SAVINGS BANK.

The Busines of the boys Bank in nonduel- ed by the IONG KONG AND BANGAL DANKING COUPORATION. Bules may bo obtained application.

FOR THE HONGKONG AND SITANDUAE BANKING CORPORATION.

V. M. GRAYUURN,

Hong Kong, el July, 1000.

Chief anger.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

98, Boulevard Haussment, l'aris.

Subsribed Capital

Fra. 72,500,000.00 Paid-Up Capital...Frs. 68,100,000.00 Busarve Funds ....Fra.102,000,000,00

(Perak .M.9.)

and Foreign Exchange Banking business transacted.

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

Manager.

A. H. FERGUSON,

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..$224,554,208

Branches in:-

ARGENTINE LONDON

BELGIUM

BRAZIL

CHILE

CHINA COLOMBIA

GUBA

DOMINICAN

REPUBLIC

INDIA

ITALY.

JAPAN

MEXICO

PANAMA

FERU

PHILIPPINE

ISLANDS

SETTLEMENTS

PORTO RICO

STRAITS

URUGUAY

VENEZUELA

Commercial and Travellers' Letters

of Credit, Travellers' Cheques, Bills BRANCHES:

of Exchange and Cable Transfers Bangkok Hong Kong Quindon

Current accounts Lought and sold. Saigon Battambang Ilus

and Savings Bank accounts opened Shanghai Mengtso

Fixed Deposits in local and for- Nam Dinh Singapore

and Neumon Thanbea

at rates that eign currenales taken Tientsin

may be ascertained on application to Peking

the Bank. Tourane

We are also able to affor our Cas. Pnom-Penh Vinh Pondicherry Yunnaafu BANKERS:

Gantho

Canton

Djibouti

Fort-Bayard Papeete

Haiphong Hapkow

Hanoi

tomers the services of the Branches

of the International Banking Corpora-

4,000,000 2,525,000

Branches Agencies and Gorrespon denta in the principal cities of the world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOI,

and

Commerce

Finance

LOAD THAT MUST BE REHABILITATION OF

LIGHTENED.

SILVER.

Mr. Beaumont Pease Not Pressing Problem.

on High Taxation.

of the Moment.

TUESDAY, MARCH 24, 1931.

MORE EFFICIENCY IN toads towards the average rather

INDUSTRY.

than the beat that any given branch of industry can produce, and that the very process of draft- ing such a specification necessarily has that result. In practice this is

A Saving of Time and hardly ever the case.

Materials.

STANDARDISATION PLEA.

im-

A plea for standardisation as an aid to industry was put forward by | Mr. C. La Maistre, director of the British Engineering Standards As- sociation, in a paper read before the Royal Society of Arts. While While everyone in the western not claiming that standardisation "High taxation, especially in Manager.

this country, has killed enterprise.world is being brought face to face was a panacea for all industrial while low prices have falled so far with the difficulties caused by the evils, he considered it an te produce new orders to any ap- toll of prices as measured in goid, portant factor in diminishing the preciable extent," said Mr. J. W. comparatively little attention, out-excessive ups and downs from of side the limited aphere of the which industry suffered. It was, Beaumont Pense, chairman Lloyds Bank, at the annual meet-silver market and of others direct he said, one of the remarkable de- ly effected, is being paid to the velopments of the century in that ing.

"If men were prepared to trade very much greater fall that is it eliminated much of the avoid and to make purchasce," he said. being imposed in countries whore able waste and promoted greater "there is no lack of hanking credit silver is the measure, states

effelency in Industry. Financial News. It is, perhapa, with which to make the necessary

"In industry there

three in some exaggeration to say that the payments. The plain truth

factora," asid Mr. Le that, for want of confidence, for purchasing power of half the main

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY)

DANKENH

Estabijabe 1874.

-Hong Kong Dow:-31, Queen's Road Central

· Authorized Copital Guildars 150,000,000

(£1,000,000.) Pald-p Capital

Guilders 80,000,000 (28,067,170) Lowers Fund ......... Quilders 10,015,000 (20,334,507)

Fload M-AMSTERDAM' Eastern Bend Ono#:-BATAVIA.

want of belief that business is on

the

measure of

are

"Moreover, it must not be for gotton that the specifications pro- vida the consumer with a recognis ed standard of quality which was not at his disposal prior to the issue of the specifiention. It also protects the manufacturer from un- fair competition by putting ali manufacturors on an even basis. It is to be regretted that there are still many trades and industries outside of the engineering and allied industries, which so far have given but little attention to this important matter.

Coal Standardisation.

"For the first time in the his- tory of the coal trade, a British standard specification drawn

up by the industry, quite apart from any Government control, giving standards for everyday commercial use, has been agreed upon, after strenuous efforts for three years on the part of the Association. The foreign buyers of British coal have population of the world has thus Malatre, "the producers, the dis- been consulted during the pro- the upward trend, the business been reduced by a fall that in five tributors, and the consumers. It

ceas, and their criticisms have been given BRANCHES 1. Bandjarmasin, Bandong, Yombay, world is refraining from giving years has brought the gold value is common knowledge that in the

the most careful Calcutta, Charlbom, Djember, Djok

more than the minimum of orders. [ of silver from 32d, an ounce to 14d.) case of the older manufacturers, | consideration. Foreign buyers are jakarta”, The Magun", Fuldak,_Kobs,

competition often drives them to Kota Sadja, Makammer. Medan, Pedang "It is not because of any short-

This statement overlooks the give up all idea of economic pro to take British coal at its face not so prepared as they used to be Passage of gold that these orders are very important difference between duction and make not only their value. They insist on some acien- Falambang, Pekalongas,

Rotterdam bamarang", Shanghai, bol not given.

It is not because of the position of the people of China own particular design of com- Singapore, Gumtie Sorakarta (Bola), Tegu. This any shortage of gold that Ameri-where silver is the

tific method of ascertaining its en and France think themselves value, and that of India, where the /modity, but also those of their com-heating value and the amount of unjustified in londing to those rupee is a token

petitors. As to the distributor, his coin having a

rubbish it contains in the form of countries who would like to-bor value based on gold. Yet, even in problem is possibly even more com-

ash and other impurities. plicated. He has to carry an enor India, the depreciation of silver le mous variety of patterns or sizes of "The difficulties of language, of a vital element in the economie, each commodity. Then there is different units of measurement,

the political the consumer, who wants and, therefore, in lend to would-be borrowers. situation.

aome and of Industries and trade which thing efficient, yet easily, replace- have grown up along entirely anyone suppose that they would be more disposed to Mr. J. F. Darling, who urged the able and at the same time, cheap." different

Jines, present most do so if an addition of 100 mil-need for rehabilitating aliver at a

serious barriers to the promotion The term "standardisation" was lions of gold were suddenly made meeting organised by the Royal rather an

of that spirit of co-operation with- unfortunate one, al- to their existing large stocks? Is Empire Society, ie thus from all though we could not find a better.

out which industrial standards are any trader in this country unable points of view justified in em It seemed to lead to the idea, very to obtain credit if he is a reliable phasising the immense and press prevalent among many people, that man and ready to place an order? ing importance of the silver quesit stultified progress by setting up tion upon the welfare of the Em-

unalterable standards. piro generally and of the country was further from the facts. in particular.

Weltevreden.

• Therefore have safe deposit buser to t London Bauart a--National Provincial Bank LAD. Correspondante all over the world Braking buses of vary description transasieć.

A. STOKKINE,

France

row.

keting Manager

Hong Kong, 18th August, 1086.

If America and are disinclined, with their present

stock

gold, of

to

THE BANK OF CHINA.

行銀國中

Reorganised October 28, 1928, under special charter of The National Gov-

ernment as an

INTERNATIONAL EXCHANGE BANK. Subscribed Capital ..$25,000,000.00 Pald-Up Capital .$24,710,200.00 Reserve Funds

..$ 3.829,503.84

HEAD OFFICE: SHANGHAI

HONG KONG BRANCH:

4. Queen's Road Central

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

and foreign banking and exchanges, clients special facilities for damesti

does

Nothing

impossible to arrive at, and there is again the enormous difficulty of differing fiscal policies. other hand, as International trade On tho

No Demand for Loans.

increases it will become inevitable that there should be some general "You have seen from our figures that our advances have greatly de-

Under the general term of stand-! agreement between purchasers and The silver problem has two asardisation, British standard speci- producers all over the world. creased, and the reduction in our pecta that should be carefully disfications were prepared for quality profits is largely due to the fact tinguished. From the long-period of materials, standards of per try is concerned, this is already "So far as the electrical Indus- that our proportion of advances has point of view it is part of the goldformance and to a certain extent being brought about through the fallen to 48.5 per cont. Obviously that was not in accordance with that, falling the restoration of interchangeability, as for instance Commission which is supported by problem. There is little doubt component parts for the purpose of bur wishes, or due to the fact that silver to its old place as a measure

screw threads, sparking plugs,;

because there was no demand."

International

Electro-technical

we could not or would not lend, but of value in western countries, it electric lamps; also factors of many Governments, as well as the "Trado requires some lightening tually the whole world is on a gold safety methods to be adopted for electrical industry of every coun-

will not be very long before vir- of-ite-vast-load-of-taxation, said basis. Such a development would

d'Escompte de Paris; Credit Lyonnsis;

IN FRANCE: Comptoir National tlon in San Francisco and Spain and world, we are able to extend to our Mr. Beaumont Pease, in canclusion.greatly accentuate the Banque de Paris et des Pays-Bas; Crodit Industriel et Commercial; 8o. ciete Generale.

IN LONDON: The National Pr vincial & Union Bank of England, Ltd.; Comptoir National d'Escompte de Park; Credit Lyonnais,

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

also of The National City Bank New York (France), SA, In Paris and Nico.

F. MED. COURTNEY,

Manager, Hong Kong, 20th February, 1981.

THE

Interext allowed on Current Ac- AMERICAN EXPRESS COMPANY,

counts and Fixed Deposits according

to arrangements.

Every description of Banking nad

Exchange Business transacted.

INC.

Safe Deposit Boxes to let

Head Office: 65, Broadway, New York.

Manager.

Hong Kong, 1st May, 1929.

Capital Surplus Reserves

A. LECOT.

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

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

Yen 116,000,000

Head Offee:-YOKOHAMA. Branches and Agencles at:

Nagoya

Alexandria

Batavis

Bombay

Buenos Airea

(Temporarily

clared).

Calcutta

Canton

Changchun

Dairen (Dalny)

Newchyang

New York

Osaka

Peking Rangoon Rio de Janeiro

Saigon

San Francisco

:

Semarang

Shangha

Fongtien (Mukden) Bastile

Hamburg

Hankow

Harbin

Mong Long

Honolulu Kxl Yuen Karachi Koba

London

Los Angeles

Lynne

- Manila

Nagasaki

coumio.

Shimoneschi Singapore Soerabaya Sydney Tientsin

Teinanfa

Tsingtau

Vladivostock

(Temporarily closed)

.U.S.$6,000.000 .U.S.$1,572,454 U.S.$1,008,200

Amanda Адр

Athens

Baie

Berlin

Шахов

Bizarella

Notabe

BRANCHES:-

Попре Glasgow Havana Kamb

Intarlaken Jerusalem Lido Loodon

Siew Saphi

$1 Parla

Tobag

Bernh Drush Barnie Aires

Liwapond Пилоты Luso

T-king Palacana

«Рос Staminul Mughal Beathampire Sugapore

Onze Oelpotta Свали

Dolombo Constantinople

Coper Edinburgh

Омаята

years.

difficulties

ten

enterprise encouraged. "Confidence must be restored and that might arise from a shortage

Just as of gold in the next five or We also handle the haue of Bonds and ether Publle Funds of the Chin recipient of the dole finds it unat- esc Government both at home Anatractive to work for the few extra abroad.

shillings which separate the dole SHOU J. CHEN,

allowance from a worker's wages, so Manager.

13 Hong Kong, 5th March, 1930.

THE BANK OF CANTON, LTD.

Tatablished 1912.

Head Ofre:-Hong Kong.

Authorised Capital (II.K. Ourtenay) $11,000,000 Pald-Up Cap... Rovers Fund..........

1,100,000

8,488,800

DILANCIES- Casion, Shanghal Bankow, Swan, Bangkok, New York and San Francisc

CORRESPONDENT:

LONDON BANKERS :-

The Lord's' Bank, Lámbad.

in all principal elites of the World

Pamiga smásage and banking bumisses of ury description transoled.

Bats Depois Boxes (varivan sima) as a yearly watel of from 0 to $10.

LOOK POONG SHAN,

Chief Manager.

Ledam

І недор

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

K. His

M001 Carlo

· Tiemula

Starli

Sedon Tokobama Zuuich

· Ventɔk

Manimat Milan

Branches of American Express

Incorporated by Special Imperial

Charter, 1889.

Company in Principal cities of Unit» | Bank-Nolas sassed Average amount „čan. 15,000,000)

ed States of Amerles and Canada.

All classes of Commercial Banking Transactions undertaken.

Personal : lavestment handled.

Central Bank to Formosa,

BEANCHES AND AGENCIES, JAPAN :—Tokyo, Yokohama, Kobe, Owaka.. FORMOSA 1 (pan, Kagi, Karanku,

insuring_tham, were_to_a_certain extent dealt with.

Saving Time and Materials.

"The use of standard specifica- tions," said Mr. Le Maistre, "by saving waste of time and material, increases the competitive power of the manufacturers in the open markets, enabling them to accure difficulties can bo overcome. The

|more orders, and so they tend to balance of profit remaining after one is to move forward, through increase, rather than to diminish

central banking co-operation, to the number of employed.

Only Two Ways. There seem to be only two ways, a capitalist discouraged from broadly spooking, in which those entering upon any enterprise by the fact that if it is successful the

•

try producing or using electrical "machinery or apparatua."

Is Your Blood Up To Quality?

Perhaps you will find this ques. tion rather hard to answer. If, however, you suffer in any degree from headaches, listlessness and the deduction of income-tax And

general lack of energy you will surtax is insufficient to compensate the position where the gold re

know that your blood is below garded as necessary for currency "Industrial standards which par. If you have frequent attacks him for the risks run, whereas, on

reserve purposes in very much re- have to be reviewed from time to of Indigestion, or suffer from the other hand, if it prove a fallure.duced. The other is to broaden time and brought up to date, would nerves and irritability your blood ho has to bear the whole of the load the metallic basts for reserves by be ruined if they were made a mat-lis considerably below normal, Possession Only for Payment. the re-monetisation of silver. This ter of legislation; indeed, they whilst rheumatiem, neurasthonia, |issue is very largely a practical must be susceptible to compara physical weakness, emaciation, or "Until there is some amelioracne, depending upon the pro tively quick and simple modifica prostration indicate that the blood

conkability that the necessary banking tion, which would be impossible if is in a very bad state indeed. secm to co-operation and the modification once they were fixed by law.

And even if your health appears be necessary that no obliga-of central, bank statutes CB0 be "Engineers of the country some to be normal, that is not to as- tion, whether national or Inbrought about before great diffi-180 years ago decided to form asume that you have a blood supply dividual, should be entered into

culties result from falling gold standards organisation. They had that is rich, red and abundant, for which the nation or the inprices.

the foresight to realise that it a continuous battle is going on all

tian of these hindering ditions. it. would

dividual cannot afford to carry out. Neither a nation

any

which either desires to have.

in a position to pay the adequate price, or give full consideration for the bargain.”·

CLEARING BANKS.

nerve

or The short-period problem is how must be impartial, and Indepen- the time in the blood-stream and an individual has divine to overcome the immediate troubles dent of Government control, yet you may be living on the border

have the fullest Government aup-line. right to possess those things that are now arising from the report in order to give it authority: In order to be perfectly Bure It cont extreme fall in the gold value and so the Engineering Standarde that your health is safeguarded HEAD OFFICE:-Talpah, Formosa, fall depends upon whether they are of silver. Thoy must be surmount Committee came into being in by a healthy, rich and plentiful ed with reasonable promptitude if at all. It is no use to wait for 1901. It has gradually gained to supply of pure blood you ought to a most marked degree the con- take Dr. Williams' Pink Pille, the several years, during which interfidence of Industry, and, under its world-famous blood and national agreement might concetv-

present title, its work is growing tonic. ably be reached for a policy of

This remedy, which has proved bimetalliam.

By that time, sup by leaps and bounds.

"Great care has to be exercised by, its continued popularity over posing silver to remain in the in order to ensure that a standard forty years, to be absolutely eff neighbourhood. of Its

specification supported by the caelous and genuine, builds up and values in silver-using countries trade shall not become a hindrance maintaine the blood in such a way to the introduction of new pro- that disease can obtain no foot- great attendant difficulties and cesses, however radical may be the hold in your system. Keep your

changes involved.

blood-stream up to quality with hardships, down to their silver

Dr. Williams' Pink Pills and en- measure..

joy abounding health, vitality and "It is sometimes objected that a happiness. All chemists can sup

standard specification ply you...

Lalong. Making, Nanin, - Bhlachiles, Talaka, : Tainan, „„„Takao, Tumput,” Town, Edio, Talo.", CHINA ya-Shanghai," Haslow, Amos, Foodbow,

Buslow, Danion.

accounts OTHERS Hagong. Blagagors, Bombays, Becharang Batasia, Bonday, Dalausta, London, New York, Dairem.

LONDON DANEKES, A The London County Worksimeter and Ever's Dank

The Book has Correspondente inʻali shu seineipu) | Deanwolal Coáng throughout the world.

I. KAGURA.

The Company offers to: Intending Travellers the use of its "Travelora Cheques" and "Letters of Credit and, In addition, the world-wide services of it thoroughly equipped Travel De- partment.

Affliated with

Interest allowed or Current Ac- THE CHASE NATIONAL BANK Deposits 'recolved for fixed periods | Resources ::Over G$2,500,000,000 at rates to be obtained on: applica

tian.

IL. MORL

Manager.

Hong Kong, March 11, 1981..

CIL BENSON,

-7 Manager.

THE BANK

OF EAST ASIA, LTD.

Established 1918.

·HEAD. OFFICE:

10, Des Voetix Road, Central

HONG KONG

Capital and Burplus „............

Total Resources wipekee.

¿verḍH.$8,000,000.00' aver ́ H.380,000,000,00

Every description of Banking and Exchange business. „transacted.

Current and Fixed Deposit Accounts in local and for- rocurrencies opened for cliente

Baridys Account and Safe Deposit Boxes... Branches” and “Agencies all over the world.

KAN TONG PO

Chief Manage

HONG KONG DUANCH,

JA: De Varer Road Censen), Hong Kong, 19th January, 1991.

COASTWISE

'ALGIE” BENNETT.

An interesting book of Cartoons, depicting Happenings" or the China Coast

PRICE $1.00.

Now on sale at

BREWERS WHITEAWAY, LAIDLAW EXCELSION BOOK STORE.

“and at the Publishers"

CONSIDERABLE FALL IN

TURNOVER.

| value, labour and

present commodity

would have been forced, with very

Recognised Standard of Quality,

A considerable fall in the turn

Once that had taken place the over for 1980, is shown by the ar- nual statement of the Bankers rehabilitation of silver would have Clearing House Although during to take place on a basis of Its de British

showed an across of £206,820,000, tlon. If anything is to be done to the first half of the year the preciated gold value. It would be amount cheques, billa, etc., pala useless to force a great apprecia the total of £48,658,854,000 for the check the very serious effects of whole year was £1,358,828,000 deflating silver values to a point lower than for 1929. This is the adjusted to the present market Arst time since 1926 that the year's price of silver, it must be total has failed to show an increase done quickly. We thus suggest over the previous year. The 1830 that while the rehabilitation of figure, however, was 2761,285,000 aliver, as demanded by Mr. Dar- above the average for the past Aveling, is a question that deserves. very full consideration, it is not. years,

The chief reasons for the de- the pressing problem of the mo crease, the report states, are un ment That problem is to restore doubtedly the widespread, general the price of eliver to, say, some- trade depression throughout, the where not much less than two country and the amallar number of shillings. This problem demands purely financial transactions which immediate attention. affected the town clearing gures. The total for 24 Stock | Exchange-settling days was 2242,- 928,000 Lower at E4,193,728,

record were

established the

return

ed July 2

weekly record

the total of $282,1

80 was the highest

lever recorded?

eek end- previous

3,000, while

QUALITY PRINTING Service

Central