1931-04-09 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Kuthurlard Ospital

mamunes sini. $50,000,000

Issued and Pully Paid-up ............. $20,000,000 Hunerve Fund-

Starling £1,500,000

lver.................$1,000,000

Resurre Lishlity of Proprietor #20,000,000 HEAR MRICE: BONG KONG.

BOARD OF DIRECTORA

Hon. Mr. C. G. 8. 3 [o

Ian. Mr. J. J. Paterson, Deguty Chairman.

W. 1. Hell, q, T. E. Peste, Raq.

A. . Compton, Beg. 3. A. Manner, Eng

B. Eandar Lami», Eng. T. II. R. Shaw, End.

4. Minkta, ing.

MOY

BANGKOK BATAVIA

ROMBAY

CALCUTTA

J. P. Warren, Esq.

Chint Manager.

V. M. Gragter, Exq.

(RANCHES:--

LONDON

LYOKS

SALARCA

MANILA

MUAR (Johor

CANTON

MURDEN

NAGAHAKI

T

NEW YORK

VATREN

PRIPING

Fonetow

ILATIONU

HAMMIRU

HANBOW HARDEN HOSUKEW

SAN FRANCISCO

KUMHO PATASI TIENTSIN

TOURE

RODE

XOWLOS

A LESIPER

PENANG

RANGOON

AKUN

SHANGLEAT

SINGAPORE

SOURABAYA

TOKYO

TOINGTAO

YOKOHAMA

Current Accents opted in Lal Currency and Del Dagomita erived fur une get o

kurter dan Jamal Memory and sterilog which will be to be application.

Hong Kong, 4 Febrang. 1995.

HONG KONG SAVINGS BANK.

The Business of ate ater tank is conduct. by the USG KONG AND HANDIAI lute may be HASKING CORFONATION,

btained on NG AND BUANGHAL

V.M. OBAYBUNA,

Chlef Mgr.

R THE BANKING CORPORATION,

lug Kreg, 141; July, 1930.

BANQUE DE L'INDO-CHINE,

READ OFFICE:

56. Boulevard Haussmann, Paris, Subscribed, Capital Frs, 72,000,000.00 Paid-Up Capital...Frs, 98,400,000.00 Frs,102,000,000,00 Reserve Funds .....

Bangkok Battambang Bur

Canthe

Canton

BRANCHES: Hong Kong Quinhen

Saigon Shanghai Singapore Thanhen Tientsin Touranc

1jibouti Neumea

Fort-Bayard Papeate

Haiphong

Hankow Phonenh Vịnh

Innoi

Peking Pondicherry Yunnanfu DANKERS:

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

IN LONDON: The National Provin

& Union Bank of England, Ltd: cial Comptoir National d'Escompte de Paris; Credit Lyonnais.

IN NEW YORK; J. P. Morgan &

•Co French American Banking Cor- 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 truncated.

Safe Deposit Boxes to let:

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON. Paid-up Capital

THE HO HONG BANK, LTD.

(Established 1917)

THE CHINA MAIL.

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

"

£3,000,000

Authorised Capital Straits $20,000,000 fanucd Gapital

8,000,000

Reserve Fund

.£4,000,000

Paid-up Capital

4,000,000

Reserve Liability of Pro-

prietors

Reservo Liabilities

..£3,000,000

agencies and Branchen:

of Shareholders Surplus

4,000,000

2,520,000

KUALA LUMPUR

KUCHING

MADIAN

MANILA

METAN

NEW YORK

PEKING

ALOR STAR

Malay Stat AMNTÍMAU

BAROKOK BATAVIA BURAY CALCUTTA

CANTON

CAWNPORE

EDU

COLOMBO

DAILEN (Dalay

South Manchuria)

DELIH

HALPTIONG HAEBURN

HANKOW

N. Mas buried

!!!

HARDIN

1650 PORO

11010

TARACHI

hANG

EHALA KANORAR

Fersk F.M.B)

KDE

Foreign

PENANG

KANGOON

BARION

BEMARANG

BEREMBAN

SHANGHAI

SINGAPORE

HOURADAYA

TAIPING (P. M.8.1

TAVOY

TIENTSIN

TOKYO

TONUKA (bukat} THIKO1 AO

YOKOHAMA

ZAMBOANGA

(Philippine Islands)

General

Exchange and

Banking business transacted.

Current Accounts opened and Fix ed Deposits received for 1 year or which will sharter periods at rates

b quater on application.

A. H. FERGUSON,

Manager. Hong Kong, 8th January, 1920,

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFTICE: 55, Wall Street, New York,

Capital, Surplus and

Undivided Profits..U.S.$224,554,298

Branches in:-

ARGENTINE LONDON

MEXICO

PANAMA

PERU

PHILIPPINE

ISLANDS

BELGIUM BRAZIL CHILE

CHINA

COLOMBIA CUBA

PORTO RICO

DOMINICAN

STRAITS

REPUBLIC

INDIA ITALY JAPAN

SETTLEMENTS

CRUGUAY

VENEZUELA

Commercial and "Travellers' Letters of Credit, Travellers' Cheques, Bill of Exchange and Cable Transfers bought and sold. Current accounts and Savings Bank accounts opened and Fixed Deponits in local and for- eign currencies taken at rates that! 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 Parle and Nice.

F. McD. COURTNEY,

Hong Kong, 20th February, 1981.

THE

Manager.

AMERICAN EXPRESS COMPANY,

INC.

Head Ofteor 65, Broadway, New York.

Capital

Manager.

Surplus Reserves

A. LECOT,

Hong Kong, 1st May, 1929.

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880,

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

Head Office:-YOKOHAMA.

Branches and Agencles at:

Alexandria

Batavia

Bombay

Calcutte

Canton

Changchun

Dairen (Dalny)

Nagoya

Newchwang

New York Osaka

Pelping Rangoon Rio de Janeiro

(Temporarily closed)

Fenglien (Mulden) Saigon

Hamburg

Hankow Harhin

Harbin

Kong

Kai Yuen Karachi Kobe Los Angeles

London

Lyons

zizania

Nagasaki

San Francisco

Scattle Semarang Shanghai Salmonoseki Singapore Soerabaya Sydney

Tichtsin

Tokyo Tsingtau Interest allowed on Current Ac- counts.

Deposits received for fixed periods at rates to bo obtained on application.

H. MORI,

Manager.

Hong Kong, March 24, 1931.

Amsterdam Autwory

محظور

Badla Darlla

Elaria

Bombay

Breme

Frusta Fate Alt Cairo Dalousse Cada

Culembo Constantinopte Copenhage Edinburgh Foreno Gener

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 BOCIETY}

BANK2R8.

Fata Nishad 1824.

Hong Kong Chew:-1). Quand's Road Ostral. Aisthocinad Capital Guldders 150,000,000- [19,200,000) Palk-Up Capital .......... Ouilder 60,080,00 16,000,120 Resorts Fund Quilders` 40,014,00

(23,624,459)

RESEARCH IN INDUSTRY.

and

Commerce

Finance

Coal and Shipbuilding Experiments.

BRITISH INDUSTRIAL DISTRESS.

Some Unemployment Comparisons.

In the course of a recent address Mr. H. G. Howitt is said to have remarked that "in the matter of industrial distress ww were no worse off than the rest of the

The part which acientifle re- search can play in accelerating the recovery of British industry from the present depression Is discussed in the report of the De-world, writes Mr. W. A. Wells of the partment of Scientific and Indus- Empire Industries Association in trial Research for the year end- the course of a letter to the Fiñau- ed March 31, 1930, issued in mail cial Times. I do not wish to draw Mr. Howitt into controversial nor to discussion, he continues, The Advisory Council of the Deadopt the role of pessimist, but I partment urge most strongly that it is especially in bad times that research is most useful, and that

week.

now it is more than ever neces- sary to ensure that the resources of science are not neglected.

Head Oos-AMSTENDAM Lautern Hand DOMs:—BATAVIA. BRANOMES :- Deadjarmasin, Beadowug", Bombay.

Co-operative industrial research Cetuste, Charlboa, Djember, Djok Late The Bagus, Jeddah, Robe, associations had been established Kein-Radje, Malatan, Medan, Padr Palembang, Pekalongan, Fungi 29 industries, and these had a Portlan Bangoon, Botterdam total membership of 4,000 firms, Kamarang, Bhanghai, Sibolg (a) Hingapore. Bourabeis Certain railway companies were Nourakarta (Bola), Taga?, Tillajap and Weltevreden.

making full-scale trials of the new materials developed by the Non-Ferrous Metals Research As-

• Yhann ofhows hava safa deposit boxes to let Condon_Backsca:National Provincial Bank Zid. Correspondants favor the world Danklus bunloons of very Jesription transasted.

A. STOKKINA.

Acling Manger,

Hong Kong, 18th August, 1930.

THE BANK OF CHINA.

Reorganise October 20, 1928, under- special charter of The National Gov-

BANK.

feel that this remark of Mr. Howitt is one, which may be accepted by the country in general without a proper examination of the facts.

The world-wide depression" has ecome a term of almost everyday speech, and the impression seems prevalent that its severity is com-

But what mon to all.

are the facte? If we may use, as I think we may, the unemployment situa- tion as a fair gauge of industrial distress, an examination in, some delnil does not appear to bear out sociation for copper fire-boxes and the opinion expressed by Mr. boiler stays in locomotives. The Howitt. There are three countries! basic cause of the wastage of whose unemployment figures are boiler stays had been sought since between 2 and 7 millions; these the time of George Stephenson.are Great Britain, Germany and and had now been established for the United States of America, and the first time through the associa-the percentage of unemployment to

tion's work.

own

population in these three countries lies somewhere between,4 per cont. and 7 per cent.

un-

The new materials should go far to provide the better elastic properties shown to be necessary.

I have before me the figures of The most important researches carried out in the department's the League of Nations relating to crnment as a

establishments were prob-eleven other countries. In three of ably those dealing with coal. By these-Italy, Australia and Cze- INTERNATIONAL EXCHANGE

treating coal with hydrogen at choslovakia-the numbers of ..$25,000,000.00 temperatures of 400 to 500 degrees employed are respectively some- $24,710,200.00 C.. and at pressures of 200 atmos thing over 500,000, 200,000 and $ 3,820,503,82 pheres, it was possible to convert 150,000, and the percentages of un- a large portion of the coal sub-employed to the population 1.3, 3.1 Com- and 1.1. In no other case do the dances into liquid fuels. marcially the most valuable of unemployment figures reach 50,000, these were light motor spirits--or does the percentage rise as high Le os boiling at temperatures a one per cent. of the population. I have no statistics of employment up to 230 degrees C.

Subscribed Capital Fald-Up Capital Reserve Funds

HEAD OFFICE: SHANGHAI

HONG KONG BRANCH:

4, Queen's Road Central

At the fuel research station it in the South American States, but Owing to our numerous branches' in China and large connections in the im- had been shown that if the the League of Nations' figures ap- portant commercial centres of the volatile oil products from the eri-pear to be fairly representative of world, we are able to extend to our clients special facilities for domestic Kinal, coal,aubstance were led off the rest of the world, and certain. and foreign banking and exchanges. and condensed, it was possible toy do not bear out the general idea that the whole world is suffering' We also handle the issue of Bonds obtain a yield of 80 gallons of and other Public Funds of the Chin-motor spirit per ton of coal treat- ese Government both at home abroad.

SHOU J. CHEN.

Hong Kong, 5th March, 1931.

and

ed.

ns we are.

Whole World Belów Par. Further experiments had shown

The whole world is certainly be- Manager. that there seemed to be no reason

why yields of motor spirit of 120 low par, but the three great coun- to 130 gallons per ton of coal sub-tries, Great Britain, Germany and stance treated should not be the United States of America, are plight than any others, and in each readily attained.

a far worse unquestionably in of these three cases it is possible to put one's finger on materially contributing factors.

THE BANK OF CANTON, LTD. Established 1912.

Bend Office:Hong Kong.

Authorfand Capliat (LE. Gurtenay) #11,000,000 Fald-Up Capital ma

8,000,000 1,200,000 Besarro Pund

1

.U.S.$6,000,000 U.S.$1,672,454 U.S.$1,008,200

BRANCHES--

Nios Kaple

Glenoa (lego Flarena Dembury Kavra Interlaken Jerusale Lido London Liverpool LORIDA Lupsoo

Macallin

Monte Carlo

Manila

Junich

State

Jillan of

Piraeus Pazi

Icking Patarias Botterdam Home Hamboul

Forang

thagbal Bousharptoo Singapor St. Morita Tentsia Visabe

Jakobama Zurich

Branches

American Express Company in Principal tities of Unit ed States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Personel handled.

Investment

Eccounts

The hydrogen process had also been found applicable in the con- version of iar obtained in low- temperature

carbonisation into motor spirit. There had been In- vestigations on such tar with the object of using it na raw Babgkuk, New York and Francis, material for the manufacture of chemicals, preservatives, drugs, &c.

BRANCHES:- Canton, Shanghal. Elankow,Bestow,

CORRESPONDENTS

LONDON MARKERS :--

The Lloyd's Bank, Limited.

in all principal cities of the World.

Friggs and banking busines of very description issotel,

Bal Depot Botas (varioja alasė) si a pourly ats of from 15 to 140.

LOOK POONG SHAN,

Д

In Germany they are largely political, but in any case the pre- sent time is the usual peak of seasonal unemployment. With re- the United States of gard to

not of America, her distress is As roon

financial circum-distant origin; it dates from the stances permit the department time of the Wall Stree crash, and proposed to undertake large-scale although there are other factors, investigations into the production no doubt, at work, this particular incident and the gambling which led up to it are undoubtedly the main cause.

በዞ

Chlef Manager.of metallurgical coke.

In spite of the depressed state of the shipping industry, the de-

THE BANK OF TAIWAN, LTD.mands on the existing tank at the

When we come to Great Britain, (TAIWAN GINKO.)

National Physical Laboratory used

we should be impressed by the fact bad for shipbuliding research

long that for at least ten years, HEAD OFFICE:-Taipch, Formosa.made it necessary to provide a

before the United States collapse, Incorporated by Special Imperial second and larger one. The pre-we were experiencing abnormal

Charter, 1899.

sent tank was constructed in 1909 unemployment, which has been through the generosity of Sir getting steadily worse throughout Central Bank in Formosa. Bank-Notes und Atorage amount -.-Y. £3,000,000 Alfred Yarrow, It is used

for the whole period.

There can be BRANCHES AND AGENCIES:

scientific tests carried out at the little question but that the JAPAN :—Tokyo, Yokohama, Babe, Osaka,

diff- PURMOSA:Iran,

Karanko, Eulong. Makong, Neats, Bbischika, Talebu, Tainan, request of shipbuilders and own-cuities In Germany, the United ere qn models of hulle and pro-States of America, and the rest of Takao, Tamar, Toes, Hdio, Taito. CUINA:-Bangla)," Haniow, Amor Foschow.

Braton, Canion

pellers of proposed new vessels, the world have contributed OTHERS-ang Kong, Bleupons Boursbays. The tests frequently Indicated al- make our position still more dif-]

Вокласни Balavis, Bombay, Calosta. London, New York, Dairan.

terations which led to consider cuit, and it must be the case that LONDON BANKERS,

the open market of this country is seriously to blame.

The Company offers to intending Travellers the use of its "Travelers Cheques" and Letters of Credit and, The London County Westminster and Parr's Bank.obile saving in fuel consumption in

in addition, the world-wide services of its thoroughly equipped, Travel De- partment.

Afiliated with

THE CHASE NATIONAL BANK

Resources

Over G$2,500,000,000

C. H. BENSON,

General Manager.

THE BANK OF EAST ASIA, LTD.

· Established 1918.

HRAD OFFICE:

10, Des Voeux Road, Central, HONG KONG

Capital and Surplus

Total: ResorETONS

cover_ H.$ 8,000,000.00

Over H.$30,000,000.00

Every description of Banking and Exchange business

transacted.

** Current and Fized Deposit Accounts in local and for-

eign currencies opened for clients.:

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

KAM TONG PO,

Chlef Manager.

The Bank has Correspondanta in all the princips! Commercial Centres throughout the world.

I. NAQURA

HONG KONG DANOM:

8. Das Forum Boad Gantzel, Boog Kong, 19th January, 1809

YOU

Маларм

ARE INVITED TO INSPECT OUR STOCK OF

ASIATIC FOREIGN AND COLONIAL

POSTAGE STAMP

IN SETS, SINGLE PACKETS, BAGS AND IN APPROVAL SHEETS.

GRACA & CO.,

Dealers in Postage Stamps, Philatelle Goods, Picture, Postcards, Toys, dc.

– 30, WYNDHAM, STREET,⠀ TO Hoà Hà CÁI HONG KONG.

to

the completed vessel.

The board had also been study. ing the effluents from beet sugar tries become difficult to sell, the factories, and had discovered prac-

When the goods of foreign coun-

tical methods by which the exces-difficulties of selling them in the tive pollution caused by the dis- British market are less than those charge of water from these fac-in other markets; thus are the tories could be avoided. The in. already restricted markets of the British manufacturer made more formation obtained should be use-

Other countries | ful in investigations dealing with narrow still.

maintain thair home markets other industrial. liquid wastes,

The net cost of all the depart secure for their home manufac ment's activities for the year wastures, and so..the distress inside £536,476,

TEA TAX RUMOURS.

Stream Of Selling Orders In Shares.

A reimposition by the Chancel lor of the tea-tax which, with the extra tax on Dutch ten, might help the British tea Industry, is the subject of keen speculation at pra- Fent

their borders is kept at a lower level than it would be if this step were not taken. The logical course for Great Britain is to do the same thing. We cannot afford in times like these to constitute ourselves a safety-valve for the rest of the world.

volume of selling, shares being marked down owlag to the dispro portionate number on offer.

Consequently the tone hardened later when bargain-huntora -ap- peared. The chief - disturbing. factor is the fear of the proposed modified restriction scheme being. buyers were insufficiently drastic In view of

present stocks:

In mall week, states the Financial Times, there was an almost con- tinuous stream of selling orders in tea shi but

*

THURSDAY, APRIL 9, 1931.

THE

HONG KONG

PENINSULA HOTEL;

HONG KONG HOTEL; REPULSE BAY HOTEL;

PEAK HOTEL

AND

SHANGHAI

ASTOR HOUSE HOTEL; PALACE HOTEL;

HOTELS,

LIMITED

In association with the Grand Hotel des Wagons Llts, Peking.

THE HARBOUR VIEW PRIVATE HOTEL.

9-12, Chatham Road, Kowloon. Finest Situation on the Peninsula. Large Airy Rooms with Fall Benefit of the Cool Sea Breezes. Unequalled Culaine.

Phano

Tel. 56734.

Proprietress:-Mrs. Gardiner,

Cable Add. "Harylow."

ENCLOSED IN ORIENTAL FERNERY AND EASTERN CHARM.

SELECT PRIVATE HOTEL.

an

Furnished with

to eyo

the comfort of its tenants. Luxuri DR1 singlo and double rooma large and airy.

THE MARBLE HALL

21, Nathan Rd, Kowloon, Telephone 67089.

PHOTO SUPPLIES.

Modern bata-

roonis attached

to each room,

and private gar agu benefits motorists.

PHOTOS TAKEN DAY AND NIGHT. Zeiss, Kodaks, Cameras, Films, Plates, and Papers, etc. Developing, Printing and Enlarging. AT 24 HOURS SERVICE

Price Moderate.

A Trial Order is Solicited.

THE KWONG KWUI CO., LTD.

74, Queen's Road Central, Hong Kong, Tel. 22170.

Overland China Mail.

A WEEK'S PAPERS IN ONE..

A terrible tragedy involving the death of a young European lady very well-known and popular in the Colony, The young marred the enjoyment of the Easter season. lady, who was motoring with a friend, was thrown out of the car, and so badly injured that she died within a very short time of being rushed to hospital. The OVERLAND CHINA MAIL contains a report of the sad affair.

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Sidelights on standards of living from the point of view of the Chinese business man, featured a piquant case in the Bankruptcy Court. Debtor, who admitted having gone into bankruptcy through speculation in the share boom of 1925, strongly repudiated suggestions that certain expenses appearing in a list submitted to the Court were not essential for the securing of business. The case is fully reported in the OVERLAND CHINA MAIL.

Features of the Easter Race Meeting, over two days, were the defeat of some well-fancied favourites, and one or two exceptional dividends. The OVERLAND CHINA MAIL gives a complete account of the racing, in the course of which two or three local records were broken.

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Two deaths of well-known residents were reported during the week. Mr. A. V. Apcar, a resident of 38 years' standing, died suddenly in London; whilst Mr. K. C. Lau, a prominent business man and racing owner, died after an The deaths are ineffectual operation for appendicitis.

recorded in the OVERLAND CHINA MAIL.

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4

•

A successful annual Rifle Shooting Meeting was held

at Stonecutters' at Easter by the Volunteer Corps, and is

fully reported in the OVERLAND CHINA MAIL..

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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 dia, and Canada testify to the keen other parts of the world frequently pleasure and interest its weekly fail to be written even by the most arrival brings.

It in a ardent correspondents.

For your folks at Home to re- kindly thought, therefore, to anture seive this weekly budget, or to keep that these away from the Colony, yourself posted with affairs during or folks at Homs, should have an your absence, all that you have to unfailing supply of Hong Kong do is to drop a note to the "Oper- and Chinese noice every week-byland Chisa Mall” means of a subscription to the "Overland Ching Mall"

The word "Overland" is a non minder of the experience behind the Without any trouble of packing production, it having been publish and worrying about the Post Office ed since the early days of the on your part, and at the cost only Colony, to be sent OVERLAND of $1.76 for three months, the because there was no Sues Canal, Overland China Mall" will be and that was the galskert- route sent Home for you every week, by which to get mail Home. In catching the mall regularly. the march of time the "Overland. contains the news and special China Mall" has become the mest features from the dolly "China popular weekly news budget, as is Mall" that make a studied appeal has been compiled just to quit to people with any interest present-day requirements, as it has whatsoever in Hong Kong, and done all along. What more could many letters from. Home, Austra-be desired

READY TO-MORROW

Mail via Suez closes at 10.30 a.m., April 11. Mail via Siberia 6 p.m., April 10,

SINGLE COPY

25 Centé.

(Sold on the streets and at the bookatniču or you can send your

unbwerfption to the offcx-HLK. $18 per smaust,

$19 including postage abroad. Half-yearly

or quarterly periods" pro rata.).

No. 3A, WYNDHAM STREÉT PHONE 2001.

THE OVERLAND CHINA MAIL.”

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