1931-04-01 — Page 2

THE CHINA MAIL.

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION,

Authoriset Capital

- $30,000,000

Imund and Folly Pald-up. $10,000,000) Hazro Funda-

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, Incorporated by Royal Charter, 1859. HEAD OFFICE: LONDON.

Paid-up Capital

£3,000,000 £4,000,000

THE HO HONG BANK, LTD.

(Established 1917.)

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

Sterling Diver

£6,500,000 $10,000,000

Commerce and Finance

WEDNESDAY, APRIL 1, 1931.

trade agreement which grould be mutually advantageous. But the Conservative Party is quito pre-

pared to tax foreign wheat (or foreign anything else) if the people of this country bid fair to be best served by such means.

If the Party Loader gave a pledge WATERBOATP), ogga (160 million dozan or 75 at this stage-to impose a tax on foreign wheat, he would thereby p.c.), apples (34 million cwts. or surrender in advance

hia only 50 pc.), citrus fruits (£7,000,000 weapon of bargaining with the worth or 75 p.c.), bananas (over Dominions. £5,000,000 worth

He declines to do ; or 55 p.) he demands a free hand.

COMPANY.

UNION

Reservo Fund

Reserve Liability of

prietors

Pro-

Paid-up Capital

Authorised Capital Straite $20,000,000 Issued Capital

9,000,000 4,000,000

Reservo Liabilities

£3,000,000

4,000,000

Surplus.....

Agencies and Branches:

ALON STAR

(Many State)

AMRITSAR

BAKUROK

DATAVIA

WIMBAY

Basara Liability of Proprietors $20,000,0

HEAD OFFICE: HONG KONG,

BOARD OF DIRECTORS:-

Hou, Mr. C, 8, 8. Macila, Charroan.

Hon. Mr. J. J. Paterida. Deputy ChaiTIZIA.

W. II. Hot Kg.

T. E. Praze. Exq,

. . . Compton, Baŋ 13. A. Plummer. Fog.

B. Leader Bowly Boy T. 15. R. Sham, Eng.

G. Mlakin, King,

J. 1, Warren, Ex.

Chief Mecator

V. A. Greyburn, Eng

BRANCHES:-

LONDON

CAWSPORE

CENU

COLOMBO

DAIREN (Dalny

Beli Manchurias

DELNI

LUPHONO

ANOT

MANUKOR BATAVIA

LYONA

MALACCA

NI

BOMBAY

CALCUTTA

AAH Jokeral

CANTON

MURDER

CUERDO

NAGASAKI

COPOMBO

NEW YORK

BAIREN YOOCHOW

PEIPINO

RAIPRUNG

H&NDURG

BANKOW

MARBIN

HONKEW

ILD110

IPOH

JOBCODE

AOLE

KOWLOON

KLALA MALPUB

PENAND

BANGDON

SAKION

SAN FRANCISCO

SHANGHAI

SINGAPORE.

SUP HABAYA

BUNORI PATANE

LEENUSEN

TOKAU

ASIRUTAO YORULIA MA

Current Scowali spetted in Local: Curren au Fixed Defamita, enceived for us gem! OF shorter perjuda in Local Curry and Nivelizag on terms ich will be quoted on application. Hung Kunth February, 10.

HONG KONG SAVINGS BANK.

The wines of the abaru Bank a conduci

by the HONG KONG AND SHANGHAI BANKING CORPOLATION. Stulea may bo

obtained an application.

FOR THE hosagona AND HANDBAL DANKIND CORPORSTION.

V. M. GRAYHERS,

Han Kang 16th July, 1930.

Chiel Manager.

BANQUE DE L'INDO-CHINE,

HEAD OFFICE:

96, Boulevard Haussmann, Peris. Jube.ribed Capital Frs. 72,000,000.nu Paid-Up Capital...Frs. G8,400,000,000 Reserva Funds.Fra. 162,000,000.00 BRANCHES:

Bangkok Hong Kong Quinhon Battambang Hue

Mcngtze

Neumea

Canton Nam Dinh Singapora

Jantho

Salgoa Shanghai

Djibouti

Thanhoa

Tientsin

Haiphong

Tourane

Fort-Bayard Papecto

Poking

Hankow Pnom Penh Vinh

Налой

Pondicherry Yunnanfu BANKERS:

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

lete Generale.

IN LONDON: The National Pro- vincial & Union Bank of England, Lid. Comptoir Nations! d'Escompte de Paris; Credit Lyonnals.

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

Interest allowed on Current Ae- counts and Fixed Deposits according to arrangements.

Every description of Banking and Exchange Business transacted.

CALGUITA

CANTON

HAMBURG

HANKOW

BARUN

[N. Mahurla

HONG KONU

H.DILO

1005

КАПАСИТ

KLANG

FODE

KUALA KANGSAR

Porak P.M.A.1

KUALA LUMPUR

EMCHINA

MADRAS

MANILA

MEDAN

SEW YOGH

PEKING

PENAND

BANGOON

MATOUN

SEMARANG

BEREMDAN

NICAROHAL

SINGAPORE

BOUILA DAYA

TAIPINO 4.30,8)

TAVDY

TIENTSIN

TOKYO

TONGKAT (Ithuket)

75) SOTAO

YOKOHAMA

ZAMBOANGA

(Philippine Islandaj

Foreign Exchange and Govoral Baaking bustness transacted.

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

A. H. FERGUSON,

Manager.

Hong Kong, 8th January, 1929,

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 65, Wall Street, New York,

Capital, Surplue and

Undivided Profits..U.S.$224,554,208

Branches in:-

ARGENTINE LONDON

BELGIUM

BRAZIL CHILE

MEXICO

PANAMA

TERU

CHINA

PHILIPPINE

COLOMBIA CUBA

ISLANDS

PORTO RICO

DOMINICAN

STRAITS

REPUBLIC

INDIA

ITALY JAPAN

SETTLEMENTS URUGUAY VENEZUELA

Commercial and Travellers' Letters of Credit, Travellers Cheques, Bills of Exchange and Cable Transfers tought and sold. -Current accounts and Savings Bank accounts opened and. Fixed Deposits in local and for- at rates that eign currencies taken

may be zacertained, 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 aleo of The National City Bank of New York (France), S.A., in Faris and Nice.

F. McD. COURTNEY.

Hong Kong, 20th February, 1931.

THE

Manager.

AMERICAN EXPRESS COMPANY, INC.

Head Ofee: 65, Broadway, New York.

.U.S.$0,000.000 .U.S.$1,572,454 U.S.$1,908,209

Safe Deposit Boxes to let

A. LECOT,

Maanger.

Capital Surplus Reserves

BRANCHES :-

Azosterdum Antwerp

Atham

Danon Chisagre Hasana

Nin Naplan

Bala

bumburg

Darli

Barila

Bombay

lase Zuteriako Jeruste

Parla

Peking

UNIO

Yen 115,000,000

Breasts Bawaza Airm Calca Calcane CAR

Colombo

ple

Copenhage

Kalaburgh

Florence

Hong Kong, at May. 1029.

THE YOKOHAMA SPECIE BANK, LIMITED,

Established 1880.

Capital (fully paid p) Yen 100,000,000

Reserve Fund

Dead Office:-YOKOHAMA,,, Branches and Agencies at:

Nuwchwang

Alexandria

Batavia

Bombay

Calcutta

Canton

Changchun

Dairen Dalny).

Nagoya

New York

Osaka Pelping

Rangoon

Rio de Janeiro

(Temporarily closed)

Fongtien (Mukden) Salgon

Hamburg

Flankow

Harbin

Hong Kong

Honolulu

Kai Yuen Karachi

Kobe

London

Los Angeles/

Lyons

Manila

Nagasaki

#

San Francisco

Seattle

Semarang Shanghai Shimonosexf Singapore Borabaya Sydney Tiantain

Taky Tsingtau Intereste wildered or Current Ac.

Deposits received for fixed periods

at rates to be obtained on applica-

3.30.

IL MORI,

• Manager.

Hong Kong, March 24, 1931.

VANDRE

Branches

2400 Landon Liverpool Earne I.ageno

Luxor

Marsalis

Monte Carlo Alinda

Alwalsh

Maleur

11.

Flutterdam Hope Bimboul

Changhai Southampton

Sagapor

Tiratala Viavda

St. Morits

Yukobaus Zurich

af American Express

Company in Principal cities of Unit-

ed States of America and Canada.

of Shareholders.

44

2,520,000 Fleet in High State of canned fruits (£4,800,000 worth

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

Every description of Banking and Exchange business transacted.

TAN ENG HOOL,

Efficiency.

ANNUAL MEETING.

or 75 p.e.), raisins (500,000 cwts.

or 30 p.c.), currants (one million cwts. or 80 p.c.), sugar (19 million ewts, or 60 p.c.).

Actualitics.

to our

Our "trade balances" with Indlä Australia and South Africa. are al ready so much in Britain's' favour that those countries are entitled to special consideration-but our most -A satisfactory year was reported In respect of most of the above, important Empire supplies of food Manager at the annual meeting of the Union commodities more than 76 per cent, stuffs are Canada and New Zealand.

Waterboat Co., held yesterday of the exports from the Overseas The Colonies' contributions afternoon under the Chairmanship Empire did come to Great Britain, food supply-excluding sugar, too, of Mr. J. P. Warren.

Supporting but the figures and percentages in cocoa, coffee, cortain fruits, nute him were the Hon. Mr. C. G. brackets represent what we would and seeds (for vil)—are negligible. Mackie, and, Mosars. R. G. Shewan, still have had to buy from foreign I submit that complete frankness A. van Gelder, and T. Yamamoto sources if we had taken the whole as to the Empire's present Hmita- (Directors), whilst the following of the exports of the commodities tions is essential, and that if we shareholders were present (mentioned) from the Dominions, are to embark upon a concerted plan Messrs. A. L. Shields, C. van Eps, the Colonies, and India (as D. V. Steavenson, L. G. S. Dodwell,plicable). |E. Ezra, O. F. Ribeiro, and D. E, de

Souza,

* NEDERLANDSCHE HANDEL- `MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY)

DANKERS

Established 1911.

Rong Kong Online :—11, Queen's Riad Dentral.

Sutherland Capital Guliders 132,100,1990- (19,600,000.) Pald-Up Capliml ............... Gulldog 80,050,000

(25,GOP.ITO)

Most Fund Gälders 10,014,203

(28,10,10)

Hand OM:~AMSTRADAMI · Ensler Head Ocs:-BATAVIA, BILANCHES-Bondjarmasin, Badong

Jakarta, The Hague", Juddab

Bossy,

Calcutta, Cherilas, Djob Kota-Madje, Makassar, Radka, Padana Fatory bang. Pekalongan

in proposing the adoption of the report and accounts the Chairman said:

After transferring $26,500 from investment fluctuation account, to profit and loss account, writing off. Pontianak lango, Holterdam $17,491 toward depreciation of

Shant

Sibolgahonta atki adding $13,500 to in- Kingspor Sour be Hoerakarta (Holol. Tegal. Tillsimp andsurance fund to cover the Com- Weltavroden".

But

• Thomas hasa sifo depoelt bores 10 lat. Chudan Bantum--National Provincial Dank Ltd, Correspondenta a over the world Banking businore of every

ription Lenacted.

1. STOKKINK.

Acting Manager.

Ko Ko, 18% August, 1900,

THE BANK OF CHINA. 行銀阀咖

The most fervent protagonist must admit that with all possible good-will (as expressed in volun- tary

ap- of Imperial development and trade expansion, it must have its basis in a spirit of compromise on all sides; that is, 48 between producers, manufacturers, traders and con- or legislative preference) sumers; as between political parties we cannot buy from within the in each country of the Empire; Empire beyond the Empire's and, as between the various Gov- netual capacity to supply us. No ernaculs in the Empire. informed person would suggest | that the soil of the Empire is not physically capable of producing all our needs (ultimately), but we pany's proportion of insurance on

most face actualities, while con- the increased value of boats in

their sidering potentialities in

"I don't know where sonny gets his dollars on account of the fall in ex-

proper perspective.

temper from," says many a mother. change, the profit for the your is

*Reverting to wheat, of which Sometimes she will add, with a mean- $41.160.02 which with $4,539.13 there is a super-abundance growning looking at hubby: "not from 1.3 brought forward from last year within the Empire. Canada is al-ide of the family, I'm sure." makes a total of 345,699.16 for ap-ready our chief individual provider. propriation.

t is proposed to deal with same as follows:

Το pay A dividond of $1.25 per share on 27,723 shares absorbing $34,669,75; to pay a bonus of 25 cents per share

Reorganised October 26, 1928, under $6,930.75; carry forward to 1931 special charter of The National Gov$4,114.66; $15,699.15.

ernment as an

INTERNATIONAL EXCHANGE

BANK.

Investments you will be pleased

wheat

I have not heard that he

should have the advantage of free catry. would insist, before any such decid- to see have appreciated by $64,-ed preference were given to Canada 472.50, and in addition to the $25 (along with Australia and India) Subscribed Capital...$25,000,000.00 500 transferred from this account that definite agreement should be Paid-up Capital

to profit and loss account, a fur- entered into to safeguard this coun- Reserve Funda ..... .$ 3,820,003.82ther sum of $51,897.60 has aleo

try against the adverse balance in her visible trade with Canada grow- ing progressively more unsatis- factory,

$24,710,200.00

-HEAD OFFICE: SHANGHAI,

abrood.

HONG KONG BRANCH:

4. Queen's Road Central,

been transferred to reserve fund, in anticipation of requirements in connection with the issue of bonus shares.

Investment fluctuation account now stands at $68,327.40 which is considered a conservative figure.

"TANTRUMS.”

And if the truta were known, not

protest against manifested by a

Now of recent years the total value frony either side of the family, Tan- of our imports from that Dominions are merely a more than or

dinarily vigorous has exceed that of our total ex- things in general, ports thereto by nearly £30,000,000 kigli-spirited child.

nd- Lord Beaverbrook

There are several causes for "tan- A year. vocates that foreign wheat should trums." The child may feel bored for

want of a new game be taxed while Dominion

or playmate. liquid, for children do not always usk Another frequent enuse is insufficient for a drink when they need it, and babies, particularly, very often do not realise when they are thirsty and be come peevish without knowing why.

By far

the most frequent causeY however, are stomach disorder and constipation but with Baby's Own Tablets at hand there is nothing easier to set right.

These pleasant- to-take little tablets should be in for use as both preven. tative and cure. A tablet given ocen sionally keeps the child well, up the internal organs, stimulates the

Slightly Beaverbrook's intestines.

larger doses speedily correct acute stomach and diarrhoen, wille the carefully balanc- ed prescription of the tablets also alldys fever, colds and croup. Ea- Baby's Own Tablets quickly bantah pecially valuable during toelhing pain and thus induce sound, natural sleep. Guaranteed to contain no nar- cotics or other harmful drugs they are the ideal health-safeguard for bottle handy. All chemists can supply babies and young children. Кеер л you.

every nursery In the absence of such an agreement, while the interests of Canada would doubtless bo well served by Lord

tonca

Your fleet has been maintained policy, the benefit that would ac-bowel troubles, expel worms, cheek

Owing to our numerous branches in China and large connections in the im- portant commercial centres of the world, we are able to extend to our in a high state of efficiency and it ellents special facilities for domestic has now been decided to add to and foreign banking and exchanges.

We also handle the issue of Bonds same by building another Water full Gardner and other Public Funds of the Chin-boat fitted with a es Government both at home and Diesel Engine, and the latest up-

to-date pumping equipment. SHOU J. CHEN, The amount of water supplied in the harbour was about the same Hong Kong, 6th March, 1931.

as last year, but our overhead has naturally gone up as a result of the fall in the value of thé dollar, the chief items being, salaries, coal, paint and fuel oil, and in addition to this we had to bear the extrh, exponse of a substitute for Cour superintendent who was ab-

sent on Home leave.

+

Manager

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Bong Kong.

Authorised Capital (II.E. Currency) #i1,000,000 Pald-Up Capitalma

River Fund mamma

BEANCHES

8,085,000 1,100,000

The report was seconded by Mr. Caxton, age, Makow, wao, C. van Epps, and carried unani- Bangkok. New York and Eau Framewomously, this concluding the busi-

CORRESPONDENTS

LONDON BANKEES :-

The Lloyd's Bank, Limited.

La apelacipal clules of the World.

Forsigo exobange und banking · Svalzen of every descriplica transacted.

Bale Depoult Bozze (rucioran zizan) si a pourly rental af from 5 to

LOOK POONG SHAN,

Chief Manager.

nesa.

EMPIRE TRADE.

"DAMAGING” ACTIVITIES OF LORD BEAVERBROOK.

Mr. St. Clare Grondona, an in-

THE BANK OF TAIWAN, LTD. Partial student of Empire trade

(TAIWAN GINKO.)

whose notable book, Empire Stock- taking, ie acknowledged by all HEAD OFFICE:-Taipeh, Formosa. political parties-and in every

Dominion-a5

the being

most Incorporated by Special Imperial Charter, 1899.

(thorough review of Empire produc- tion and demand that has yet ap-

Central Bank la Formosa

All classes of Commercial Banking Bank Notes and Average amount „Y. 5,000. peared, writes in the London Morn- Transactions undertaken.

BRANCHEN AND AGENCIES, JAPAN —Tokyo; Yokohams, Kobe, Osaka,

Personal investment accounts FORMOSA-Õis,, Kgl. Kansko, Koulung, land lod.

The Company offers to intending Travellers the use of its "Travelers Cheques" and Letters of Credit and, In addition, the world-wide servicos of its thoroughly equipped, Travel De partment

Affiliated with

THE CHASE NATIONAL BANK Resourses..Over $2,500,000,000

C. II. BENSON,

General Manager.

THE BANK OF EAST ASIA, LTD.

stablished 1918.

READ OFFICE:

10, Des Voeux Road, Central,

BONG KON

Capital and Surplus

Over HS 8,000,000.00 oyer 11,880,000,000.00

Total Rerouscom,

Every description of Bankinikand leidfange business- transacted. **

Current and Fired Deposit Accounts in local and for- eigo currencies opiled forVellents.

Savings Accouzivand. Skre Deposit Boxer, Branches and Arendes all over the world.

TONG PO,

"Chief Manarer.

ing Post:

There is disposition in some Makour, Nanto, Binchi, Talaku, Tales, Zakao, Tamaul, Town, Halte, Tallo,

under-estimate the quarters Lo CHINA-Shangal, Hankow, Amoy, Foochow damage that is being done to the

bwslow, Canton, oras-ang Kong Stagepore.

Borbara, Cause of Empire Trade expansion Bombay, "Lalentia, Landon, New York, Dairen,

Bemarang.

by the activities of Lord Beaver-

LONDON BANKERS 1 The London County Walter and Farr's Bank, brook and his followers.

People are being misled on all

The Bank has Corrispondente in all the principal sides by a persistent campaign Commercial Cantime throughout the world.

E XAQUBA

Manager

HONG KONG BRANCH:

3, De Vaux Bond Central.. Hong Kong, 10th January, 122.

-

THE MERCANTILE BANK OF INDIA, LTD.

UBAD OFFICE

1,800,000

15. Grapeckarah Bifs, Loudon, E1 Authorised Capital£3,000,000

· Bubscribed "Capital Pald-up Capital".. 1,050,000 Reserve Fund and Beat 1,648,609. LIKERS, The Bank of England Midland Bank Ltd. FRANULES:

- Naw Toek

Penang Port Looke

(Maurition)

Bhanghai Hong Kong Mantan (Pahang) Bingspun

Bengkak DIGITA

Earacal

|which ignores the physical and economic facts of Empire produc- tion and demand; and I submit that the time is over-ripe for this well- meant but pernicious propaganda to be checked.

•

The only important food-stuffs which are produced within the Em-] pire in quantities sufficient for (or greater than) Imperial needs are [wheat and other cereals-excépting maize-tea, cocoa and coffee, and nuts and seeds for expressing oil. By unfortunate contrast there are considerable deficiencies in Imperial suppiles of all other food-stuffs. If during the past five years the whole exported surpluses from the the com. Overseas Empire-of modities-isted below had in fact been consigned to Great Britain, fuch supplies would have fallen - nova xoNO PRANON.

short of our actual imported needs diskiption af Baking and, Hrchange Front,(in the annual average) to the

Palextent shown in brackets: Truter and Execntorships and Beef in all forms (8 million owls. or 6û p.č.), mutton and lamb (2.mil- aporan: (0) Bales that ginay be pealed lion cwis., or 33 p.), bacon and

C. L. BANDES,

bams (71⁄2 million ewts, or 80 pc.), Managör, malze3 (28 million cwts, or 70 pc.),

butter (24-million cuts, or 503

Bombay Calmatia Dolovo.bo

Gala

take

Boss Bac

Kuala Lipa

crue to Great Britain is not very clear.

Well-being of The People. By noteworthy contrast the con- cern of the Conservative Party a primarily the well-being of the peo- ple of Great Britain; hence that Party declines to undertake to im- pose a duty on foreign wheat in the absence of a defnite reciprocal

It need never be replaced,

this Lifetime gift

Here are three velvet-boxed Lifetime writing instruments, each gracefully tapered, and Bäl anced for restful writing. The pen is guaran teed to serve like new for the owner's lifetime. and the set includes the new golf and handbag pencil. In this setting, and with this guarantee, what a gift!

A better tres everywhere

All fixntain pen set guaranteed againas defects, bur_Sheaffer's Lifetime ta punenseed unconditonally for your bẩn, and other Sheaffer products are forestę od uentose defect in materials and workmanship Fourialo pens and pencia of Mack, prees and b

sand black and pearl underskable Radite.

Skrip SHEAFFER'S

|_ SAFETY ŠKRIP

PENE PENCILS-DESK BETS:SKRIP

W. ALSHKAFFEE, PIN COMPANY~ PORT MADISON, IOWA, UL.B. A

THE SUN COMPANY, LTD.

Sole Distributoră.

CLAREMONT

PRIVATE HOTEL

Austin Road, Kowloon. (Facing the Kowloon Cricket Club. Four minutes from ferry by bus.)

Sultos of rooms (single and double), hot and cold water system, all modern` sanitation, private bathrooms attached.

EXCLUSIVE TABLE entirely under European nianagement.

Hotel has a splendid aspect fa one of the finest locations in Kowloon, away from noise, yot easily accessible.

Terms very moderate. Reier- vetlona by letter or cable.

CLAREMONT

Tels.: 57880 & 57385 (Private). Telographie Add.: "Fern" H.K. Our motto is "SERVICE."

Sore Throat?

At

"... I find FORMAMINT is a very nice friend to have in your pocket, when you are in trouble *with your throat.”

Mr. T.B.-T.

FORMAMINY

destroys the disORLO germs in mouth and throat. thus curing. Sore Throat, and protecting you against Infectious disonson, such as

INFLUENZA, DIPHTHERIA, SCARLET FEVER,

Chemistr

The new matched Three picce Balanced Set, including Golf

• and Handbag Pencil.

Identify the Lefitime per

dor

Lifetimedations with bass ef Genuine Benel zanowyx, kalian

marble, seas -crystal plain and unbreakable

Radie

etc.