1931-04-06 — Page 2

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BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION,

Authorland Capital

Jended Polly Pald up

Resorts Fund-

Sterling

6,500,000

...... $10,000,001

$30,300,000 $0,300,0

Reserve Liability of Yopriators $30,000,000 HEAD OFFICE, BONG KONG.

.......

BOARD OF DIRECTORS:-

Boa. Mr. 6. 7. 8. Markın. Chairman.

Hoh, Mr. J. 3. Patarann. Deputy Chairman.

W. H. Ball. Faq

3. E. Trace, Esg

A. 1. Compton, Eep. J. A. Potter. Eng.

B. Lauder Lawia, Eng. T. II. B. Shaw, Esq.

9. Mickiu, Ray.

AMOY

BANGKOR

BATANTA

BOMBAY

J. P. Warran. Pag.

Chest Manager...

V. M. Graylorn, Eng.

CALCUTTA

CANTON

CHKFOO

COLOMBO

DABIEN FODCSW HAIPHONG

MANEOW. HARBIN

HONDREW

11.091100

SHORE

BORE

BRANCHES:-

LONDON

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

HEAD OFFICE: LONDON. Paid-up Capitai

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917.)

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

Authorised Caplint Straits $20,000,000 Issued Capital

Reserve Liabilities

Roserve Fund

£3,000,000 .,£4,000,000

Paid-up Capital

tenerve Liability of Pro-

prietors

.£4,000,000

Agencies and Branchen:

of Shareholders. Surplus

ALUR MTAN

KUALA LUMPUR

Malay Slate.

Rucnso

AMRITSAR

MADNAS

MANILA

MEDAN

NEW YORK

BANGKOK BATAVIA

LOMBAY

CALCUTTA

VANCIEN

CAWNFORE

CEBU

COLOM

DAIREN (Daing,

South Manchuria)

PELHI

HAIPHONG

N. Mchuselas

BAMBUNG

BANKOW

HAWAIN

LYONS

MALACCA

USB RUNT

TELLO

MANILA

IPOR

MUAR (Tabure)

KARACHI

MURDEN

KLANG

KABABAKI

KODE

NEW YORK

PRIPINO

PENANG

RANDCON SAIGON SAN FRANCISCO SHANGHAI MINOSPUR SURABAYA SCSOEF PALANI

VIEN SIN

TUKIO

h

Als

10.31

VORAMA

KOWLOON

acura

Latest Acunale sputed in La and Find in pomite in nevnd En vae

war periode is boost thirrenog wat oorling tecoin why will be posted in apple athen. ing Avg. 29th Februar

HONG KONG SAVINGS BANK.

I menue of the above link to conduct.

d by the HONG KONG AND SHANDIAL RANKINO CORPORATION.

bed application.

Hulst my bo

FOR THE Osorusu AND SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Hong Kong. Its July. 1030.

Chief Manager.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

6, Boulevard Haussmann, Paris. Sube.ribed Capital. Fra. 72,000,000,00 Paid-Up Capital...Frs. 68,400,000.0 Reserve Funds ....Frs.102,000,000.0

Bangkok Battambang Santho

Hong

BRANCHES:

Kong Quinhon

Satzon Shanghai

Ине Mangtze

Canton Nam-Dinh Singapore Djibouti Neumea Thanhea Fort-Bayard Papeete Tientsin Peking Tourane Phom-Ponh Vinh

Haiphong Harkow Hanol

Pondicherry Yunnanfu BANKERS:

IN FRANCE: Comptoir Nations! d'Escompte de Paris; Credit Lyonnais; Banque de Parle et des Pays-Bas; Credit Industriel et Commercial; So. ciete Generale.

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

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

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

Every description of Banking and Exchange Business transacted.

Safe Deposit Boxes to let.

A. LECOT,

KAALA KANANAB

(Tara) VMA

PERISO

PENANG

DANIHODN

SAIGON

NEMARANG

SEREMBAN

SHANDRAS

SINUARE

SOURABAYA

TAIPING PM.8.J

TAVOY

RENTSIN

TOKYO

HUNGKAR (25)

TSINGENG

YOKOHAMA

ZAMTRIANITA

Chippit fatasıda)

Foreign Exchange and Banking business transsetel.

General

Current Accounts opened and Fix. ed Deposils received for 1 year or shorter periods at rates which will he quoted on application.

A. 1. FERGUSON,

Manager. liong 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.$224,554,298

Branches in:-

ARGENTINE

LONDON

BELGIUM BRAZIL CHILE

MEXICO

PANAMA

PERU

CHINA

PHILIPPINE

COLOMBIA

ISLANDS

CUBA

PORTO RICO

DOMINICAN

STRAITS

REPUBLIC

SETTLEMENTS

INDIA

URUGUAY

ITALY JAPAN

VENEZUELA

Commercial and Travellers' Lotters of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfers bought and sold. Current accounts and Savings Bank accounts opened and Fixed Deposita in local and for- eign currencies takon at rates that i may be ascertained on application to the Bank.

We are also able to offer our Cus- tomers the services of the Branchos 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 Nico.

F. MED. COURTNEY,

Bianager. Hong Kong, 20th February, 1931.

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway. New York.

Capital

Manager.

Hong Kong, 1st May, 1929.

Surplus Resorve

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1980.

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

Read Office:-YOKOHAMA. Branches and Agencies at:

Alexandria

Batavia

Bombay Calcutta

Canton

Changchun

Daire (Dalny)

Hamburg

Nagoya Nowchwang

New York

Osaka

Peiping

Rangoon

Rio de Janeiro

Pongtien (Mukden) Enigoa

Hankow

Harbin

Hong Kong

Honolulu Kai Yaen

Karachi

London

Kobe

Los Angeles

Lyons

Flanila

Nagasaki

•

San Francisco

(Temporarily closed)

Seattle

Semarang

Shanglist

Singapore

Soerabaya

Sydney Tientslo Tokyo Tsingtau loterest allowed or Carraut Ac- counts.

Deposits reived for fixed periods at rates to be obtained on applica- tian.

·

IL MORI,

Manager.

Hong Kong, March 24, 1931

Однов NEW Havana

‚U.S.$6,000.000 U.S.$1,672,454 U.S.$1,008,209

BRANCHES:--

No Suples

Pau

Parla

L'IDARE

Jacarlakon

Peking Intering

Fotterdam

Hamburg Hatre

Amsterdams

Antwar 41han

Eagle

Berlin

Sarrils

Houby

Braso

Lido

Drusela

Juan Alt

Calro

Caloutta

Culembo

Cannes

Ceartabileapla

Copenhagen Edinburgh Planase Песта

Jorunla

Lounloa Lvaryoo! Lore Lureno LUET

Monia Deale

Mazlla

Munich

Morimur Mlian

Bume Hibout

Shanghal Suthampton

Spor

V

Morita T:4etuie Vieras

Yokohama Zurich

Branches of American Express Company In Principal cities of Unit- ed States of America and Canada.

8,000,000

4,000,000

4,000,000

and

Commerce

Finance

STABILISATION OF SILVER.

2,525,000 Action by U.S. Chambers

of Commerce.

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.

ENETRAHLANUS TRADING HODIRTY;

PARKERS

Establink 1824.

Heex Roug dic•;-11, Queen's Road Central.

Sukhorinal Capital Cuilders 152,000,00

(£17,500 1890,1 Fold-up Capital .............. Auilders 60,08).UGU [4,689,175) GLITTE Fond kan va Quilldar 10,015.000 ( 23,801,362)

RESTORATION OF TRADE.

MONDAY, APRIL 6, 1931.

This was as far as Sir E. Thomp- son would go about the report, which must be made in the first place to the Government, beyond saying that they had been work- ing twelve hours daily preparing the report; but one of the more cautious of the delegates describ ed its material as "interesting ECONOMIC MISSION. and even startling."

CHANCES FOR BRITISH ENGINEERING.

FRIENDLY DISPOSITION.

It seems likely that Lancashire will be told some more "home truths" as regards cotton mar- keting..

INDIAN TRADE FIGURES.

Textile Decrease Hits Lancashire.

BOYCOTT EFFECTS.

to

The Agares which are available for India's trade during the last year reveal sevoral significant facts, Rumour Challenged.

and a study of the influences which Mr. James Bell, Secretary of determine them serves to bring out the United Textile Factory Work various interesting points, says the London, Saturday. ers' Association, Sir Ernest Thompson's Econo-pressed by the odds ranged

was very im- Pioner.

The general trade depression, mic Mission to the Far East re- against Lancashire, but challeng- for which 1930 was

notorious, is turned to-day after six months' ed the truth of a rumour which reflected in the all round decline. study and hopes to report to the had been disquieting Lanca- The value of the total exports from A meeting was held in Tacoma, Government within a fortnight.

shire, namely, that there are India fell by twenty-two per cent., Washington, last month of all the

The mission undertook to re- mills in China where cotton is and the value of the imports Chambers of Commerce of the

port to the Government first, grown at the back door, and that India by twenty-six per cent. That North-West to ace what could be therefore there will be, no revela shirts are carried out by the front the one reacted on the other is clear, done to bring about the stabilisations beforehand,

door.

for the balance of trade demands tion of silver. The lorni offices of the American Mail Line have been

ahould be reciprocal circularised on this subject and we publish below a letter received by Mr. John Cormonde, Assistant to the Vice-President of the American Mail Line in Seattle, from the Sil ver Stabilisation Committee, to- gether with a resolution adopted at the Pacific North West Economic

Silver Conference on February 11. Decline in Trade.

Head -AMSTERDAM Casters Hond QÃ÷w:--BÁTAVIA. BRANCHES :- Bandjerzamalo, Baudong", Bombay,

Civita, Cheribus, embar Jakarta, The Nagua", Jeddati, Kuka. Kotta, Satnanar, Medan, Padang The gist of the letter is as fol Poluobrog Poklopac, aglows:-

Pontianak.

Benguet, Rotterdam",

Arbets

There have vale deposit boxes to lat. Saraburi Bunkers-Nallosal Proviarial Bank Eit Varmapundoule all over the world Ranking busines of very doantiphlon trarenacted.

A. STORKINK,

Acting Managår.

+

move-

The Manchester Guardian The Mission is most impressed there states that the Mission was with the possibilities for Britial mont. deeply impressed by the possibili-engineering provided that the The most important ties for British engineering as re-purchasing power of China in-imports

decline of Was that in textiles, gards electrification and water ercases.

Statistics issued by Bombay mill- supply, providing the purchasing power of China increases.

Mr. C. M. Pickthall, Assistant owners show that imports of piece- Secretary of the Overseas Depart-gouds into Indiu fell by very nearly The Mission found a consider-ment, handed Sir E. Thompson a half, and the major portion of the able anti-Japanese feeling in letter from Mr. George M. Gillett, loss fell on Lancashire. Chinn, but a friendly disposition M.P., Secretary of the Overseas Against this, India's cotton ex- towards the British.

Trade Department, in which he ports dropped, causing great hard- said:-

ship to the growers,

Yet in con" "The Governmerit has followed sidering these figures, we must not with the closest interest the pro- neglect to take into consideration gress of your task from your the operation of the world-wide fall own reports and from those of in prices. The effect of this on His Majesty's representatives in Indin was to lower wholesale price Japan and China: also those in levels by 18 per cent. the newspapers. We realise that seen immediately that this would your work has been very arduous, account for the greater part of the but has indeed been well done." decline in the value of foreign trade. -Reuter.

"Gone to Pieces.” Sir Ernest Thompson in an interview said:---

Sulantang's Hmagini, #bong Recognising the gravity of the (Sumaira), Hingapore. Sorakeria (Holo), Tega. Til declinch trade between the Paci Walteszeden".

fic Coast of North America andlitate our work. China, brought about by the low silver exchange of that country which has so definitely reduced her buying power, the Chambers of Commerce of Seattle and Tacoma called which was held February 11, 1931.

1 Kona. 18% August. Toan.

THE BANK OF CHINA.

行黑團中

Reorganic October 20. 1928, under|

"Everything possible was done both in Japan and China to faci- We wouldn't have got through our work in time without the assistance given. We are now able to pre- sent our report to the Govern- ment immediately." conference. Asked whether the recommen- Tacoma,dations were likely to benefit There were Manchester, he replied that Man- present 107 delegates, consisting of chester seems to be in a bad way.

in

PIECE GOODS.

It will be

As usual, the direction of for. eign trade shows some variation, and last year it was more marked by reason of the boycott indulged in by a section of traders. This re-

leaders of commerce and industry." "They have let things go to pieces, NEW BUSINESS CONSPICUOUS nyulted in Great Britain's share of

and representatives of commercial organisations, from Alaska, British Columbia (Canada) Washington,

special charter of The National Gov-Oregon, Idaho and California.

crnment as th

The stabilisation of silver is an INTERNATIONAL EXCHANGE

international question affecting the whole world, but perhaps realized ..$25,000,000.00 more keenly on the Pacific slopo ..$21,710,200.00 than elsewhere owing to the im ..$ 3,820,503.82

mediate and palpable effect on our economic structure.

BANK, Subscribed Capital Pald-Up Capital Reserve Funds

HEAD OFFICE: SHANGHAI,

HONG KONG BRANCH:

4. Queen's Road Central.

al- to

The Government's of Canada and the United States are ready

attention giving this matter and we on the Paci- fie slope desire to assure them of Owing to our numerous branches in our deep interest and our econo- China and large connections in the im- [ mie need of action that will tend to portant commercial centres the restore our trade to normal propor- world, we are able to extend to our tions. clients special facilities for domestic

of

and foreign banking and exchanges. The stabilisation of sliver will We stap handle the issue of Bonde assist Chipa more than any other and other Public Funds of the Chin factor to rehabilitate herself, in- ese Government both at home and crease her buying power, and res- abrond.

SHOU J. CHEN, tore her trade with the Pacific

Manager. slope of the

United States and Canada,

The Resolution. (This conference wis called

ilong Kong, 5th March, 1931.

THE BANK OF CANTON, LTD. jointly by the Chambers of Com-

Established 1912.

Hend Office:--Hong Kong. Authorised Capital (H.E. Curresey) $11,000,000- Fold-Up Capital

8,605,000 Reserve und ber 3,100,000

BRANCHES.-- Couton dhanghai, lankaw, tivala, Bangkok, New York sud dau' Pra-caro

QURRESPONDENTS

LONDON BANKERS :-

Țăe Lloyd's Bank, Limited.

In all principal eidlas of the World. l'origa sodnega and banking busineen of every decription tracted.

Date Depart Banno [Variva otkey) as a yearly rental a from $5.

LOOK POONG SHAN,

Chief Manager.

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

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

Central Bank in Forms, Bank-Notes surved Aromage amoună iuŸan. 5,000,000 BRANCHES AND ADENCIES

merce of Seattle and Tacoma, Washington, and was attended by representatives of industries and commercial organisations from Washington, Oregon, Idaho, Cali- fornia, Alaska and British Colum- bin).

Whereas, the peace of the world depends upon the prosperity and contentment of Its people; the-poli- tical and economic conditions of all nations are closely interwoven; the employment of labour in the United States and Canada is de- pendent in a large measure upon the consumption of products of the United States and Canada by for- eign countries; and the depreciated value of silver has a depressing affect upon practically all indus- tries; and

Whereas, a stable and adequate monetary system is absolutely es- 8ential to trade relations between the peoples and nations of the FORMOSA:lean,

Karstiko, Kolung. world, Makong, Hanso, Shinehiku, Talebu, Ilona, Takao, Tamadi, Town, Helio, Telto,

17kw accounts CHINA :—Shanghai,

All classes of Commercial Banking | JAPAN-Tokyo, Yokolama, Tobe, Osaics. Transaction undertaken.

Personal handled.

investment

The Company offers to intending Travellers the use of its "Travelers Cheruce" and Letters of Credit and, In addition, the world-wide services of its thoroughly equipped Travel De- parfinent.

Afiliated with

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

C. II. DENSON,

General Manager.

THE BANK OF EAST ASIA,

Established 1918.

HEAD OFFICE:

10, Des Voeux Road, Central. HONG KONG.

Capital and Surplus

Total Resources

LTD.

ced over EL$ 8,000,000.00 over II.$30,000,000.00

Every description of Banking and Exchange business

transacted.

Current and Fixed Deposit Accounts in local and for- sign currencies opened for clients,

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

KAN TONG PO,"

Chief Manager.

Swalow, Usation,

Therefore be it resolved, That amrzy Poochow in the interests of lumber, agricul- OTHERS-Hong Kong, Sagapões, Borature, shipping, manufacturing and Bazzang, Balaris, Bobay. Caloutta other industries engaged in pro- The Lamden County Wasiminsise and Purr's, Benk, duction and transportation, the re-

Lion, New York, Daire

LONDON BANKERS.

The Bank has Correspondacita is all the seincipal Comarcal Centres throughout the world,

Manag

L. NAQURA.

HONG KONG BRANCH:

& De Vaux Road Cantee Hong Kong 19th January, 1929

Chambers of Commerce of Wa presentatives of the principal

shington, Oregon, Idaho, Cali- fornia. Alaska and British Colum- Į bla, in joint conference, do earncote ly request and urge the Congress of the United States, and the

30413R130513031256AFTAUNTS 22119|1 Premier of the Dominion of Canada

to dispatch the work of Federal

COASTWISE Committees investigating, and to

by

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

investigate, the cause of the de- preased demand and market for all- ver, and that an International Monetary Conference be speedily assembled to recommend such action as may appear proper, and possible, to stabilise silver in the world's monetary systems.

And Be It Further Resolved, That coples of this resolution bej submitted to the Chamber of Com-" mercé of the United States of America And to the Canadian Chamber of Commerce for consideration and action at meet- their respective annual ings; and that copies be sent to our Congressional Representatives and the principal Chamber of Commerce In the territory represented, and to all state legislatures now assem

The Newspaper Enterprise, Ltd. bled in the twelfth Federal Reserve

Chiun Mall Building,

District of the United States.

Tacoma, Washington, February 11, 1981.

since I left."

He stated that the cotton re-

port would be a separate one.

ABSENCE.

Mr. Duxbury, ex-President of The reports and prices are pub- the United Textile Factory listed as supplied, as supplied by Workers' Association, said: "We importers, and the General Cham are hopeful that new avenues of ber of Commerce cannot accept res progress for Lancashire will be ponsibility for the accuracy there- found as a result of our work. It of :- is up to Lancashire to take the necessary steps.

Cotton Piece Goods and Fancy Cotton Goods.

Mr. Edmonson, Secretary of A very small business is reported the Federation of Calico Printers, in fancies, but new business of any declared: Price is the chief note is conspicuous by its absence, difficulty that Lancashire is up Clearances continue good although against in the Eastern markets.. Latest cotton quotations are those Mr. Green, Chairman of the local values have eased somewhat, Padiham Manufacturers' Asso- of 1st instant. Mid, Am. "Spot" ciation, said: "The Japanese 5.83d. Eg. Sakel. 9.80d. mills are no better equipped than those of Lancashire. The differ- ence is in the workers."

Significant. "We shall have some strong re- commendations to make to the Government," was the significant remark which Sir Ernest Thomp son made on his arrival in Liver- pool,

Cottons and Woollens. The temporary improvement in exchange brought out some busi- ness in woollens, and orders have been placed for Continental serges, Meltons, suitings and miscellane ous lots, but on a small scale. The main buying on the usual standard lines of woollens has not yet taken place, as the difference in prices

THE FINE ART

OF RELAXATION

may cause

Indian trade declining by two points to forty per cent. The moral is that though political reasons some slight and tem- porary change in the channels of trade, they cannot deflect the great bulk of business from its natural markets.

cannot be bridged at present, chief- ty on account of the firmness in wool prices at Home.

Clearances of Spring cargo con- tinue to be good and the local de- mand is steady.

Woollens.

There have been one or two out- standing sale of low continental woollens and a few miscellaneous lots of Worsteds have with difficul- ty been brought to book. For the most part, the dealers' ideas of prices are considerably below re- placing cost. If the new aenson's requirements are not negotiated in the near future, the shipment dif- culty will become acute..

In the days of Thackeray and the coffee. houses when leisurely conversation and 'relaxation were religiously cultivated, "THREE CASTLES" played no small part in the lives of those giants of the past.. And right today. "THREE CASTLES" is still the choice companion and friend of those who have learned the fine art of making the most of moments of leisure.

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