1931-04-10 — Page 2

2

Reserve Fund

Reserve Liability of Pro-

prietors

Roserve Liabilities

.£3,000,000

Agencies and Branches;

of Shareholders. Surplus

HEAD OFFICE SINGAPORE. Hong Kong Branch: 13, Queen's Rd. C.: Authorised Capital Straits $20,000,000 8,000,000 Issued Capital ....

4,000,000 Paid-up Capital

4,000,000

15

+ : * *

ALUR STAR

KUALA LUMPFB

(Malay Slatka;

KUCHING

AMRITHAS

MADILAS

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Aulian Capi

$50.000.000

Issued and Fully Paid-up $20,04,000) Reserve Fund-

Bilent

£ 6,200,000 $10,000,00

Rover Liability of Proprietors #20,38,08) HEAD OFFICE: HONG KONG,

BOARD OF DIRECTORS: -

1low. Mr. C. (1. H. binckle

Chairman.

Ian, Mr. 2. J. Interann, Deputy Chaleman.

T. E. Prase. Eag

A. K. Comprica, Eng. 4. A. Plummer, Eeg.

D. Lander Lawit, Eng. T. B. R. Shaw, Coq.

10. Miskin, E.

J. 19. Warren, Kaq,

Chist Manager.

V. M. frapburn, Eng.

BRANCHES -

LONDON

LYONS

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

HEAD OFFICE: LONDON.

.£3,000,000 Paid-up Capital

.£4,000,000

ANGKOR HATAVIA

INBAY -

CALCUTTA

CANTON

CAWNPORE

CLDU

COLOMBO

DAIREN (Daizy

Buth Manchuria?

DELHI

THE HO HONG BANK, LTD.

(Established · 1917.)

W. . Bell, Yoq.

AMOK

BANGKOK-

TATAVIA

150DAY

CALCUTIA.

CANTON

CHEFOO

CALAAM DAE

VADEN Poochow HAIPHONO

AM

MANKOW HARDIN KONUKEA

LOLLA

PUEL

QUORE

ROW

KOWLOON

WUALA 3

SALACCA

MANILA

NGAR (Jolutel

MURDEN

NAGARABI

NEW YORK

PEIPINA

PENANG

BANODUN

SAIGON

SHANURAL

SAN FRANCISRU

SINGAPORE

SOURABAYA

SENDEL PATANI

TILISIN

TOKYO

TSINGPAN YOKOHAMA

Cartout Asutats opened in Local Curtains And Fized Theposits Freeived for now yem

kurter percale in Loral Cursules and Dimcling ga forte wurke will be queied on application. Hong Kong, 24 February, 19:41.

HONG KONG SAVINGS BANK.

The site of the above Back la evandust. by as ONG SUNU AND SHANGHAI Hulee may he BANKING CORPORATION.

wet na

FOR THE HONORING AND SHANGHAI BANKING 14RPORATION,

V. M. HAYDEN,

HAIPHONO

Anuno

HANHOW

HARDIN

(H, Manchuria)

HÁNO KONC

metho

TIKLIFE

KARACHI

KLANG

ROBE

KUALA KANORAR

(Perak F.M.8.)

MANILA

VEDAN

NEW TORR

PERINO

PENAKO

HANGGON

SAIGON

SEMARANG

SEREMBAN

SHANGHAI

SINGAPORE

SOURAVAYA

TAIPING IP.M.N.)

TAVOY

FIENTHIN

TOKYO

TORGRAH (Phuket)

THIS TAO

YOKOHAMA

ZAMBOANOA

Foreign Exchange

(Philippine Islanda)

and

Ganeral

Hanking business transacted.

Current Accounts opened and Fix- d Deposits received for 1 year or which will shorter periods at rates

be quoted un application.

A. H. FERGUSON,

Manager. Hong Kong, 8th January, 1029.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York,

Capital, Surplus and

Undivided Profits ..U.S.$224,654,298

Branches in:-

ARGENTINE LUNDON

BELGIUM

PHILIPPINE

MEXICO

BRAZIL

PANAMA,

Chiel Manager.

. Koal Kung, Lg Jvậy. 1930.

CHILE

TERU

CHINA

ISLANDS

CUBA

DOMINICAN

STRAITS

REPUBLIC

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

36, Boulevard Haussmann, Paris.

Subscribed Capital Frs. 72,000,000.00 Paid-Up Capital...Fra 68,100,000,00 Reserve Funds Pra.102,000,000.00

TRANCHES: Bangkok Hong Kong Quinhon

Saigon Hattambang Hur

Bengtze Shanghai Nam Dinh Singapore Neumea Thanhen Tientsin

Cantho

Canton

Djibouti

Fort-Bayard Papeete

Vinh

Haiphong Prking Tourane Hankow Hanol

Chum Panh

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 viete Generale,

IN LONDON: The National Provin- cial & Union Bank of England; Ltd; Comptoir National d'Escompte de Paris; Credit Lyonnais.

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

Ac

Interest allowed on Current counts and Fixed Deposits according to arrangements,

Every description of Banking and Exchange Business transauted.

Safe Deposit Boxes to let.

+

A. LECOT,

Hong Kong, Int May, 1929.

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

COLOMBIA

INDIA ITALY JAPAN

PORTO RICO

SETTLEMENTS URUGUAY VENEZUELA

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

F. MED. COURTNEY,

Hong Kong, 20th February, 1081.

THE

Manager,

AMERICAN EXPRESS COMPANY, INC.

Head Office: 65, Broadway, New York.

THE CHINA MAIL.

and

Commerce

Finance

FRIDAY, APRIL 10, 1931.

penditure should be repealed--an restricting exports to Australla "axe" committes, whose recom- from this country, and the volume mendations must be accopted by all of export trade`seems now to be -political parties. We want the even lower than hitherto. This gigantic State charity-the unem-limitation intensifies the difficul- ployment allowances-cleaned up ties of the shipping lines, which. and all abuses stopped and the al- apart from having to keep tonnage lowances placed on a proper baals. | laid up, have been obliged to dis- We want protection for our home patch vessels the long distance to

"HOUR OF COUNTRY'S, addition of over one million unem market by means of a revenue tax Australia in ballast in order

TRIAL."

2,020,000 Business Men's Advice

to Politicians.

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

Every description of Banking and Exchange business transacted.

TAN ENG HOOL,

Manager.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V:

(NETHERLANDS TRADING BOCIETY) BANKER8.

Eriablebed 1821.

Hong Kong. Office :-), Queen's Road Osavtal.

Authorized Capital Paid-up Capital Loserve Fusil

Ciuilder 150,000,000.

(213,600.000.) Guides 80,000,00

(20,660,170) Guilder 40,016,00

(43,514,383)

Head --AHSTERDAM' Eastern and Ooo-DATAVIA. BRANCHES |- Beadjarmasin, Bakdoeng), Bomb

Calcutta, Charbon, Djember, Djok Jakarta, The Hapua, Jaddes Kobe, Kota-aja, kanaat, Kedan. Padats

Palembang, Pekalongan,

Fam Pontianak, Bangoon Howards

Fhanghai,

Bibolg

Bama

to

10

and

on manufactured articles Imported lond produce homewards-some of from foreign countries. We want it at rates of freight much reduced a working arrangement with the by the adverso exchange. British Dominions overseas.

pioyed since January, 1930,

to why no move has been made decrease the number, but on the contrary, deliberately create legislation to increase our burden by the addition of upwards of of 60,000 married WOMEN to the roll of recipients of unem- THINGS THAT MUST BE DONE. ployed benefit under the new Act. irrespective of the fact that other members of the family may be in full work?

Speaking at the annual dinner of the Rugby Chamber of Com. aerce. Sir Gibert Vyle, ex-presi.

dent of the Association of British

Chambers of Commerce, said:-

I am frequently asked my opinion as to the state of trade in this country. Since last Wednes- day night 1 am referring my friends to the speech made by the Chancellor of the Exchequer in the House of Commons. The state of the national exchequer, just like. the state of the family purse,

19 the best answer you can have us to whether trade is good; whether the country is prosperous: 08

to

Foreign Manufactures. Last year we allowed into this country from foreign countrics exclude manufactures coming from the Empire--some £250,000,000 worth of articles wholly or mainly manufactured in foreign countries. They included iron and steel manu- factures, machinery, manufactures of wood and timber, cotton yarns and

manufactures. chemicals, leather and manufactures thereof. paper and cardboard, and many other articles. Practically the whole of those £250,000,000 worth of foreign-made products might be manufactured in this country.

(Bumatrs), Singapore, Sours where we are all going at the pre-lot them pay for them. The Chan-

Bourakas (Bolo), Terai, Tilap and

Voilarreden",

* Thass olloss have ente depoilt borse to lat. Leadon Sankara-National Proria:lal Back Lid. Commuupondente ali oves, ila world Banking busloam of every description transacted.

A. STUKKINK.

Actlog Manager.

Hong Kong, Hiù Angus. 1980,

THE BANK OF CHINA.

3

Reorganized Oziober 20, 1928, under special charter of The National

erament as an

BANK.

Subscribed Capital Paid-Up Capital....

HEAD OFFICE: SHANGHAI

HONG KONG BRANCH:

4. Queen's Road Central,

sent time.

A

This is the advice which busi- ness men give to the politicians in this hour of our country's trial, and which, I submit, we have the These are the

once

right to give. things which must be done if we are to have any hope of recovering the wonderful position we held as a manufacturing nation. The final thing we want for trade and commerce is summed up in one word confidence. A well-founded confidence will move the idle da- poalt now lying at our bankers in to the channels of industry, and give us hope or the future and some contentment in the present.

EASTERN TRADE,

INDICATIONS OF BETTER PROSPECTS.

WATER RETURN.

The level and storage of water in our reservoirs on April 1, 1031, is as under:-

Tytan

City and I District.

1930 14' 7"B 22′ 0′′B

Tytam Byewash

Tytam Intermediate 56' 7" Tytam Tuk

1931 26'11"

25' 1"B

36' 0"B.

33' 5" 42′10′′R`

20'10"B

Wong Nei Chung 20' 3"

17 7B 22 75 Poktulura

(Note: B. denotes "Below Over- Row: A. denotes "Above Overflow";

L. denotes "Level with Overflow."]

Storage in millions and decimals of gallons.

1980

1901

Tyłam Tytom Byewash .. Tytam Intermediate Tytnm Tuk

272.25 1.67

193.20

.08

14.60

52.70

437.00

6.98

532,50 6.67

Wong Nei Chang Pokfulum...

Total

29,00 19.05

761.10 854.40 Consumption of water in the City and District In millons and de cimals of gallons thuring the month of March.

1980 1931 216.01 267.13

451,480

Consumption Estimated population 441,160 Consumption por

If they must come from abroad, if people want them from abroad,

There now appear to be some in- cellor of the Exchequer is in need At last the Government of the of revenue. If all those goods must, dications of rather better prospects day are beginning to understand still come in, then a 10 per cent.; for trade between this country and how the trade of this country is

the Far East, particularly in the carried on. They are beginning to tax will yield him £25,000,000

year. It is worth having in these manufactures of the Midlands and

head per day... 15.8 19.4 see that you cannot fill the caffers days when the Budget is going to the North, including machiners. March, 1980-From March 1 to 31, of the national exchequer except show a deficit. But even if it stop states a Home paper. So far then 12 hours supply (5 a.m-0 pan.) as a result of a prosperous indus-ped some of them coming in and improvement does not seem to have was given to all Ruler Main Districts

(Principal Mains closed 6 pm- They are be- try and commerce.

gone very far, and the most that he did not get all that revenue, it can ginning to learn that you over-tax people, and that you do would still be a benefit, because can be said for it is that the ten-.). not get the maximum return from they could then be made in this dency of trade is upwards. There the maximum tax. They are, in country instead of being imported has also been a little more inquiry operated in all Rider Muin Districts.

lately on

our

fact, beginning to see the red light. It is good that it should be so. Govt proves, if proofs were necessary, what all who carry on the indus- tries of this country have been INTERNATIONAL EXCHANGE

saying for years. It shows that all $25,000,000.00 our warnings were justified, and representations sound. $24,710,200.00 all Reserve Funds ........$ 3,820,503.82 What are they going to do about It? What are we going to do about it? Trade is declining, our exports are falling; the national The only revenue is dropping, things that increase are national expenditure and unemployment, and both are bad for the country. Politica to-day are, or should be, portant commercial centres of the full time job, and everybody will world, we are able to extend to our agree that industry and commerce cliente special facilities for domestic)

are also a full time job. If it is and foreign banking and exchanges.

We also handle the issue of Bonds to be said that we in industry must and other Public Funds of the Chin- hold our tongues unless we are ese Government both at home and willing to become politicians, then we shail no longer belong to In- and no commerce, Manager.dustry and

longer be able to speak with any

personal any

knowledge or authority on industrial and com- mercial matters.

Owing to our numerous branches in China and large connections in the im-

abroad,

SHOU J. CHEN,

Hong Kong, 6th March, 1981.

THE BANK OF CANTON, LTD. Established 1912.

Head Office Hong Kong,

Authorized Ospital (HX. Qursor) $11,000,000

8,065,000

1,100,000

a

Advice Of "Experience. As a business man, I claim the right to say where I think the politician is going wrong. I give

that advice him

out of my ex- perience as a business man. I say

Canton, Bhagal, Hankow Bway, that business, men-and by that 1

Bangrak, New York and bau Frakcinu

CORRESPONDENTƏ

LUNDUR BANKERS $---

The Lloyd's bank, Limited.

In all principal 'citin of the World. Foreign" sashange and bankdag bundoom of Mary Radripuan irunasoted.

Capital

Manager.

Surplus Reserves

13,8.36,000,000 .U.S.$1,372,454 .U.S.$1,908,200

Paid-up Capital

Bo Fund

DRANCIES:-

BRANCHES:--

Amaberdam

Antwerp

Glasgow

Albat

Ifataburg

Nico Saptas

Puris

Fireva

Bera

L'ineng

Mitriin

Interie

Bocabey

Dremen

Jerusal.co Lido

Brunda

En Kiran

Cairo

Calcutta

London Liverpool Luaras Lugano Luze Marseilles Kocia Carla

Stabili

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

Head Office:—YOKOHAMA,

Branches and Agencies at:

Nagoya Newchwang

Alexandria

Batavia

Bombay

Gakatto

Canton Changchun

New York Osaka

Peiping Rangoon

Daire (Dalny) Rio de Janeire

Fenglin (Mukden) Saigon

Hamburg

Hankow

Harbi

Hope Kong Honolulu

Как

Yock

Karachi

Kobe London

Los Angeles

Lyons

Kanila Nagasaki

Temporarily

Cannes Colambo

Courantipopis Copenhagen Edlaborgh Plorece

Muntah

Matrix Kilen

taking Palermso Bordar Boma Stamboul Shanghal Southampton Singapore St. Morin Tientela

Vianna

Valon Yokohama Zurich

Braneker of American Expres Company in Principal cities of Unit ed States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Personal

handled.

San Francisco

Seattle

Semarang Shanghal Shi3nonoseki

Singapore Sperabaya Sydney

Tientsin

Tokyo Tsingtau

Interest allowed on Current Ae- counts.

Deposits received for fixed perlads strates to be obtained on application.

B. MORI,

Manager.

Hong Kong, March 24, 1931,

investment

accounts

The Company offers to intending Travellers the use of its "Travelers

In addition, the world-wide services

His Deposit Buzau (yarların alime) at a youzlý rental af from §3 10 $10.

LOOK POONG SHAN,

Chief Manager.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO.)

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

Central Bank in Formoss,

mean men who have given up their lives to the manufacture and sale and of products both at home abroad-are in a better position to say what will assist them to pro. duce and sell those goods than any olitician, however highly. he may have been placed or whatever his future may be. Business men such as can be found in all our Cham-

bers of Commerce have for many years, when invited, given up their own work and taken on these gratuitous jobs of assisting in Government Inquiries.

We have a right--if we have any

Back-Notes med Arsage amount ... Yes. £5,000,000 rights left to look to politicians

BRANCHES AND AGENCIES

JAPAN:-Tokyo, Yołabama, Kobe, Daria.

not to manage our business, but PONKOBA 1-biran, Kagi, Karanku, Keelung to provide a sympathetic

Takao, Tamaul, Toen, Hatto, Tallo

Niwalow, Canton,

atmos-

Makong, Naoto, Shelley, Talho, Insphere wherein industry can OSNA-bhangbai, Backow, Amoy, Fooches, flourish and yield casily the enor- OTHERS-Hong Kong. Singapore, Sorbers, mous revenues demanded from it

Hamil

Bateris

Bober.

Cal We have a right to expect that London, New York, Daron.

LONDON DANKEKO.

British business shall compete` on

Cheques" and Letters of Credit and, The London Cousy Warminster and Farr's Bank terms of equality all over the The Bank has Compondante is all the principal world. If this is not. practicable,

of its thoroughly equipped Travel Do- 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.

HEAD OFFICE:

10, Des Voeux Road, Central HONG KONG.

Capital and Surplus Total Resources

over H$ 8,000,000.00 over H$50,000,000.00

Every description of Banking and Exchange, business,

transacted.

Current and Fixed Deposit Accounts in local and for- eign, currencies: opened "for" clients, e

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

KAN TONG PO,

Chief Manager.

Commercial Omnizme broughout ibe wæld.

E. NAOGRA.

HONG KONG DRANOI:

De Vorex Road Dental Hong Kong. 19th January, 1989.

YOU

Manager

at least within the Empire, and especially in that portion of the Empire, the Dominion of Great Britain and Northern Ireland.

In a state of unbalanced trado such as is disclosed in the national returns for 1930, when we bought £202,000,000 more goods than we sold how can any reasonable per-, son explain the existence to-day of two-and-a-half million unemployed

ARE INVITED TO INSPECT OUR people?

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,y dehis

* 10, WYNDHAM STREET, FO. Bax No. 620, HONG KONG,

2

Can any business man explain why the Government of to-day is apparently utterly unmoved by the

AN INTRODUCTORY HISTORY

A. H. CROOK, ORE, MA.

W. KAY, MAR

W. L. HANDYSIDE, M.A., B.84.

PRICE $2.00.

NOW ON SALE AT THE PUBLISHERS

The Newspaper. Enterprise Ltd.

China, Maff Offres.

from abroad.

Our costs are

account of Bombay, which was showing itself before the recent political settlement was announced, and hoping that the settlement may be

merchants are

reflected in better commercial con-

ditions later.

Let us suppose that only half of them came in in future, and that the other half were made here, he would have £12,500,000 of revenue and the workpeople of this coun- try would have employment. That is what we want to give them. A Political developments since the

step to intelligent protection of our revenue tax is essential as a first agreement have, however, been re- garded as disturbing. Trade with almost Australia continues to be own industries.

Arrivals in too high. Our entirely one-sided. prices are too high. They must this country of commodities such dairy come down. We want a cessation as wool, hides, skins, and of all new legislation which adda produce have been large, and the to our burdens and increases still season for apple shipments, which further the costs of production.in past years have, assumed big Parliament should decide to post-dimensions, is now beginning. The the consideration of formidable discount on Australian such legislation for at least five exchange is, of course, much as- sisting the export of Australian There must be no increase in produce to both Europe and the national expenditure for a period Far East, and is helping the Com- of, say, five years. There must be monwealth to meet competition a reduction. A committee of com- from other countries, although the petent persons, preferably non level of prices is low in compari- politicians, should be given power son with that of recent years.

which to say what existing lawe cause high national and local ex-

pone even

years.

t

At the same time exchange de preciation is, of course, seriously

THE FINE ART

OF RELAXATION

March, 1931.--From March 1 to 31. a constant street fountain supply was

Kowloon.

1930

1931

23' 8"B

איים 0

Kowloon Reservoir

L' O'B and Byewash Shek La! Pui

Reservoir

8' 0"B Reception Reservoir I.

Storage In milllons and decimals of gallons.

1930 Kowloon Reservoir

and Byewash Shek Lai Pui

Reservoir

Reception Reservoir

Total...

13' 9"B

1981

302.40 104.00

85,90

£3.00

33.15

2.27

421.45 260.17 Consumption of water in Kowloon in millions and decimals of gallons during the month of March.

1930 1081 114.80 130.64 Consumption..... Estimated population 174,520 179,560 Consumption рот

21.2 head per day •*.

25.1 Constant supply in all districts dur

Ing February, 1930 and 1931,

The Governmont Analyst's reports show that the quality of the water is satisfactory.

Total

rainfall: March 31, 1930, 10.89; March 81, 1931, 40.60.

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,

"THREE CASTLES

CIGARETTES

FAMOUS FOR FIFTY YEARS