1931-04-11 — Page 11

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SATURDAY, APRIL 11, 1931.

}} $;

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Anshorised Capital

$50,000.000

tasted and Fully Pald-up $20,000,000 Recurs Hunde-

Rueling.... ....... £8,000,203

.......... $14,000,000

Reserve Liability of Proprietors...... 198,500,000

HEAD OFFICE, HONG KORO.

BOARD OF DIRECTORS |—

Hon. Mr. C. 1. K, Mackia,

Chairman,

Ho, M. J. 3. I'

Deputy Chairman.

W. 11. 14), Yaq.

A. IT. Compton, Eug

T. Peroe. Eaq,

J. A. Flumser. Fag.

D. Lander Lewis, Ean. T. 11. 11. Shaw, Yoq.

0. Miakım. Eng.

AMOT

J. P. Worņa, Baq.

Chief Maunger,

V. M. trayhorn. Yeq

BRANCHES:--

E.CANIMIZE

LYOXR

HALACCA

MANILA

MUAN (Zohoral

MUKDEN

NAGANAKI

NANGBOX DATAVIA MIMSAY

CALCUTTA

NEW YORK

CANTON

CUEPUO

COLOMBO

DAIREN FOODHOW HAIPHONG

KANDUNG

HANKOW HARDIN

BONGREW

ILOILO

IPOU

JOKONE

KOWLOON

KUALA LUMPUR

PEITING

TENANO

HA NODON

HAIDON

SAN FRANCISCO

BHANGHAI

HINGAPORE

NGUKANATA

BUNGE PATANI TIENTSIN

TOKYO

TSINGTAO

YOKUBAKA

Ourrent Accouste npened in Local Custenor and and Depot received for one 24T DE aborter periods in Loral Currener and Burling on are which will be quoted on application. Hoog Koog. 2016 February, 1981,

HONG KONG SAVINGS BANK.

The Burtoner of the above Dank de conduct.

ed by the HONG KONG AND BHANAL DANEINO CORPORATION,

oblained on application.

Rule may b

FOR THE HONGKONG AND BHANGHAI

BANBINO CORPORATION.

V. M, ORAYBURN,

Hong Kong, Bath July, 1030.

Chief Managet.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

06. Boulevard Haussmann, Paris.

Subscribed Capital Fra. 72,000,000.00 Paid-Up Capital...Frs. 68,400,000,00 Reserve Funds ....Frs.102,000,000.00

BRANCHES: Bangkok Hong Kong Quinhon

Salgon Battambang lue

Mengtze Shanghai Cantho

Nam Dinh

Singapore

Canton

Djibouti Neumea Thanhea Fort-Bayard Papeete

Haiphong

Peking

Tiontain

Touranc

Hankow Pnom-Penh Vinh

Hanoi

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- elete Generale,

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

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 Hanking and Exchange Business transacted.

Safe Deposit Boxes to let.

A. LECOT,

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

HEAD OFFICE; LONDON,

Paid-up Capitat Reserve Fund

·Reserve Liability of Pro-

prietors

THE HO HONG BANK, LTD.

(Established 1917)

HEAD OFFICE-SINGAPORE Hong Kong Branch: 15, Queen's Rd. C.

Authorized Capital Straits $20,000,000 £3,000,000; Issued Capital....

J1 8,000,000 .44,000,000 Paid-up Capital

M... 4,000,000 Reservo Liabilities .£3,000,000 of Shareholders

Surplus ........

Agencies and Branches:

ALON STAR

(Malay Batea)

AMBITNAB

BANGKOK

BATAVIA

IKINDAY

CALCUTTA

CANTON

CAWNDAK

CKBU

COLOM DO

DAINEN (Daloz

Hoth Manchuria)

DELHI

STAIPING

HAMKURU

HANKOW

11ALBIN

TH. Marschurla)

HONG KONG

[POK

KARAOK

ILOILO

KLAND

ROUR

EDALA KANOPAR

(Perak P.M.B.)

KUALA LUMPER KUCING

MAIRAS

BLANLA

AKDAN

NEW TRA

PEKINU

PENANG HAMIDON

SAIGON

BEMANANO

SEREMBAN

BETAROMAT

SINGAPORE

BOURANATA

TAIFING (F,M,6}]

TAVOY

TIENTSIN

TOKTO

TONGBAR (huko1)

TSINGTAO

YOKOHAMA

ZAMBOANGA'

(Philipple Telande)

Foreign Exchange and General Banking business transacted,

Current Accounts opened and Fix- vd Deposits received for 1 year o shorter perloda at rates which will be quoted on application.

A. H. FERGUSON,

Manager. Hong Kong, 8th January, 1028.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York

Capital, Surplus and

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

Branches in

ARGENTINE LONDON

BELGIUM

BRAZIL

CHILE

CHINA

COLOMBIA CUBA

DOMINICAN

REPUBLIC

INDIA ITALY JAPAN

MEXICO

PANAMA

PERU

PHILIPPINE

ISLANDS

FORTO RICO

STRAITS

SETTLEMENTS

URUGUAY

VENEZUELA

Commercial and Travellers' Lelters of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfers bought and sold. Current accounts and Savings Bank accounts opened and Fixed Deposits 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 lac of The National City Bank of New York (France), SA, in Paris and Nice.

Manager,

F. MeD. COURTNEY,

Hong Kong, 20th February, 1931.

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway. New York.

Manager.

Capital Surplus Reserves

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

Hong Kong, 1st May, 1929.

BRANCHES

Amsterdam Antwerp

1500

Nice

Alhass

Bealis

Barrile

Glasgow KATARA Habus Havre Laterlaken

Nopie

Pirk Paris Гарад Fuldu

Palermo

Tiombay

Bremen

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

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

.Yen 115,000,000

Head Office:~~~YOKOHAMA.

Branches and Agencies at:

Alexandria

Hatavia

Bombay

Calcutta

Canton

Changchun

Nagoya Newchwang New York Озака Peiping Rangoon Dairen (Dalny) Rio de Janeiro Fenglien (Mukden) Saigon Hamburg

(Temporarily closed) San Franciaco Seattle Semarang Shanghai Shimonoseki Singapore Soerabaya Sydney

Kong

Hong Honolulu Kai Yuen Karachi

Kobe

London

Los Angeles

Lyons

Tientain

Manila

Tokyo Tsingtau

Nagasaki

Interest allowed on "Current Ac- counts.

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

H. MORI,

Manager.

Hong Kong, March 24, 1931,

Catro Caloutta Canno

Cantanilagls Oppenhagra Edlaburgh Plorsho Gessers

Eldo London Liverpool

Lucare

Lugano Loret Marmillen Monte Carle

Manlia

Munich

Montrea Milan

Fotterdam

Home

Framhout Ebaughal Scuthampton Bingapore St. Morita

Tientsin

Vianna

Vonica Yokobama Burich

Branches of American Екргова Company in Principal cities of Unit- ed States of America and Canada,

All classes of Commercial Banking

Transactions undertaken

Personal investment accounts handled.

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

Afiliated with

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

C. B. BENSON,

General Manager,

THE BANK OF EAST ASÍA, LTD.

Established 1918. -

HEAD OFFICE:

10, Des Voeux Road, Central,

:

`Capital and Surplus

Total ResourĪCEN

HONG KONG.

orer, H.$ 8,000,000.00

over $80,000,000.00

Every description of Banking and Exchange basiness - transacted.

Current and Fixed Deposit: Accounts in local and for eign currencies opened for clients.

· Savings Account and Safe Deposit Boxes,

Branchen and Agencies 'all over the world;"

KAN TONG PO,

Chlef Hanager.

H

4,000,000 2,526,000 Branches, Agencies and Correspon- dents in the principal cities of the world.

Every description of Banking and Exchange business transected.

TAN ENG HOOI,

Manager.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY) BANKERS.

www.

Established 1834.

THE CHINA MAIL.

and

Commerce

Finance.

SHARE MARKET.

WEEKLY REPORTS BY BROKERS.

CARROLL BROS.

.

CURRENCY CHAOS.

77 DIFFERENT VARIETIES OF TAEL IN CHINA.

In their recent quarterly review, Mesara, Shroder took pains to refer

11

coinage purposes regardless of whether any or no countries main- talo their currency Bystoms on a silver basis.

Mr. Cross' address was inter- preted as disapproval of proposals that the United States should take the lead in convening an Inter-

Very great difficulties, therefore, stand in the way of any attempt to evolve order out of this curroney chaos, and all the vested interests in China, It is said, will be against any change. Indeed, it appears that the whole population rather enjoys the complications of the present system in which each many counts confidently on getting the better of his neighbour in the en- counter of wits.

CHURCHES

A CHARGE OF ONE DOLLAR IS MADE FOR ALL NOTICES UNDER THIS HEADING

ST. JOHN'S CATHEDRAL,

HONG KONG

April 12, Low Sunday, Holy Communion, 8 a.m. am. Holy Communion (Peak Church),

at length to the chaotic condition national allvar conference.-United parent as the price continued to of the Chinese currency and its Press. fall and contributed in no small connection with silver. They measure to the successful working pointed out that money at under of the Nigerian minos under con- stood in civilised countries does ditions which at any previous not exist in China, as there are 77 stage would have compelled the different varieties of the taal, with majority to close down entirely. values regulated by weight, touch. The directors have concentrated fineness and also by old custom Friday, April 10:

upon reducing costs and improv- After the Easter recess the ing efficiency. It is their opinion market opened quiet with only

that the immediate future of the small business passing but yeater- tin Industry is entirely bound up day saw a sudden rise in Comenta

with the rational regulation of on account of a brisk demand for supplies. International arrange both cash and forward shares.ments of a comprehensive nature Other speculative counters have for some time past have been only been moderately. inquired for under negotiation and the terms whilst the investment section has of an agreement covering the con- remained steady.

trol, by enactment in the princi- pal producing countries, of the production as well as the export of tin for a period of two years from March 1 last have been ap- proved by the Malayan, Nigerian, Banks-Hong Kong Banks have Dutch, East Indian, and Bolivian remained around $2,030/05 and | Governments."`· with the rise in Exchange, more

The accounts show a net profit sharos are now offering.

of $274,290 (against £137,035 for Insurances. Union Insurances the preceding year before the Esta. Rarija, Mazateur, Madan Patang have been done at $630/635 and amalgamations above mentioned), Palembang. Pekalonga Pen more shares Poallecat Bangoo, Botterda

could probably be Adding £48,598 brought forward Barbarang

Bhangen,

pt Bibol placed

former figure.and deducting Income-tax, the (Buwairs), Aingapore. Bourabais Boerakara (Bolo). Tagai. Tilland China Underwriters have, since balance available for allocation is our last Issue, been in strong de £312,762. The interim dividend of mand, business being done up to 10 per cent, distributed in prefer $4.50 with further buyers at this ence shares absorbed £98,400, and price.

preference dividend No. 1, pate April 1, 1930, took £19,541. "In the present extremely indefinite situation" the directors consider It would not be in the best inter-

Hong Kong Doe-il, Qumo's Band Central Authored Captial. Guildə 180,000,000- Paid Up Capital Guiders 50,000,000 Rear Fund... Gulidere 40,010,00

(219,800,060.3

(28,569,170)

Hand Office --AMSTERDAM" Eastern Head Dice:-BATAVIA. BRANCHES Bandjormaslo, Dandong, Bombay,

Calouste, ribon, Djimber, Djok jakarta". The Hague*, Jaśdak, Kode,

Weltevreden,

• Thus affions have safe depoel boxar to lat. London Bankars 1-National Provincial Bank Jad. Correspondania a over the world Banking basera of every descriplica toracted.

A. STOKKINE

Acting Manager.

Hong Kong, 18ch, August, 1935,

THE BANK OF CHINA. 行銀國中

Reorganised October 26, 1928, under special charter of The National Gov- ernment as an

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital...$25,000,000.00 Paid-Up Capital ..$24,710,200.00 ..$ 3,820,503.82 Reserve Funds ...

HEAD OFFICE: SHANGHAL.

HONG KONG BRANCH: 4, Queen's Road Central,

We also handle the issue of Bonds

Manager.

THE BANK OF CANTON, LTD. Established 1912.

Ewo Cottons improved owing to the weakness in sterling exchange and a stronger Yarn market but at the time of writing the tone la

easter.

the

Shipping Douglases and Steam- boats continue neglected. Ferries have advanced to $91.50 .but the demand is small.

Lands, Buildings and Hotels, Hong Kong & Shanghai Hotela have remained stendy around $14.80 with sellers in evidence for Hong Kong forward delivery. Lands are quiet at $85 with very few shares offering. Hong Kong Realtys after having risen to $11.30 have dropped back to $11.10 buyers. Humphreys have weaken- ed, sales having taken place at $16.30/16.

Mining-Raubs and Goldfields continue in demand at $38.50 and $3.75 respectively, Benguets can be obtained at $10.

Cottons. On the weaker sterling exchange and an advance in the Yarn market price rose to Tls. 15 at which rate considerable bual ness was done. At the close how- over the market is easier at Tla.

Owing to our numerose branches in China and large cornoctions in the im- portant commercial centres of the world, we are able to extend to cur clients special facilities for domestic 14.85. and foreign banking and exchanges.

Miscellaneous, —— China Lights and other Pablic Funds of the Chia- have been quiet with sellers at ese Government both at home and $24.90 and buyers offering 6, cents abrond.

leas. Dairy Farms have been SHOU J. CHÉN,

done at $24.75 with further buy- Hong Kong, 6th March, 1931.

ers at $24.60. Cements have been in strong demand and advanced to $17.25 cash with good business done at correspondingly highor ratos for forward delivery. At the time of writing however the tone is slightly weaker. Hong Kong Amusements have improved to a buying rate of $22.50 for the old shares and $20 for the New. China Entertainments are quict nt $19.50 'with Bellern naking 25 cents more. Lane Crawfords ex- perlenced a sharp rise to $6.75 but have now reacted with sellers at

Watsons $5.50.

are neglected. Constructions are again quiet at $6.10. Hong Kong Ropes have re- mained steady at $13.40 buyers. Hong Kong Trams have buyers at $17.70. Telephones have buyers THE BANK OF TAIWAN, LTD. at $39 for the partly paid shares.

Head Office-Hong Kong. Authorised Capital (1.E. Curnsley) $12,000,000 Paid-up Capitalorus

1,685,000 Beserve Fund

1,100,000

BRANCHES Carion, Shanghai, Dankow,Bwajow. Haugkok, New York and Bea Francisco

CORESPONDENTS

LONDON BANKERS:

The Lloyd's Bank, Limised,

is all principal dilies of the World. Foreign ohange and benking businame of trary descripślon transected.

Bats Depall Boxes (Parlors alzoo) si a pourly rental of trom 10 to $10,

LOOK FOONG SHAN,

Chief Manager.

(TAIWAN GINKO.)

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

Central Back to Formoss.

Bank Note ed Average amount Yen, 45,000,000

BRANCHES AND AGENCIES: JAPAN :~Tokyo, Yokohama, Kobe. Ok, PORNOSA 1-Biran, Engli_Karako, Esalung, Makong Nanta, Shinchiku, Taiche, Talaan, Takso, Tamil, Toen, Halle Inila CHINA <-Ɛbaoghal," Blankow, Ames, Fooobor,

Below, Canion, OTHERS--Ho Loog. Sagapore, Boerabaya, Sampras Betaula, Bombay. Calculi, Landon, New York.

LONDON BAN

Exchange-The rate on London T.T. is -/11% and on Shanghai 7734.

Forward Settlement Days.-April 28, May 28 and June 23, 1931.

'LONDON SYNDICATE

BENEFITS DERIVED FROM CONSOLIDATION.

In their report for the year end-

The London County Westminster and Fare's Baked September 30 last the directors

The Beak has Correspondente In all the principal Commercial Oražeme throughout the world.

Z KAGUNA.

Matag

HONG KONG BRANON;

4. Das Vaux Hoad Omisi, Hong Kong, 19th January, 1900,

THE MERCANTILE 'BANK OF INDIA, LTD.

LISAD OFFICE |

111, Grenschaph Blevel, Lesden, E.01

Authorised Capital

£3,000,000 Subscribed Capital 1,800,000 Falling Capital...... 1,050,000 Reserve Fund and Rert 1,648,505 BANKERS,

The Bank of England & Midland/Dark, Zad.

KRANCHES

Buerkok Трой

Balerin

Bombay

lcula

Colombo

Delhi

distle

Four Kong

Hovisk

Kola Bhart

Karahi

Kuala Krill,

Kuali Ziplo

Now Tock Panang Port Louse

[Mix) Bangvos Shanghal Simla Kanalen (Fabang) Bingspore Madzon

Kuala Lumpur.

*Bourabays

HONG KONG BHARCIL, DEN Etwy daaripiion at Banking and Exchange bod hawa transacted.

Travellers Cheques tood

Trustes and Executorships under- taken.

INTERESY silówad.dk - Ourrent: Automate and Fizač· Deposita si Halas, that may be averiadzad on application..

C. L. SANDES

"Gronn's Band Condrál.

Manager.

of the London Tin Syndicate stato that the several amalgamations which were completed early in 1980 served to reinforce the cor- |poration's position in Nigeria and to establish its interests in Malaya on a scale commenéurate with the character of its status in the tin Industry. The benefits derivable from the consolidation of adjacent properties became increasingly ap

PHOTO - SUPPLIES

Kodaks and Cameras.

· Films, Plates and Papers, etc.

Developing, Printing and Enlarging.

ZIESS and BUSCH FIELD GLASSES Price Moderate.

A Trial Order is Sallcfied,

A. SEK & CO.

Tel. No. 28159. 26Å, Des Voeux Road, C.

-Hog Kang.

eat of shareholders to pursue any policy other than to conserve the corporation's resources.

!

for

Children's Service, 10 am. Matins and Sermon, 11 a.m. Preacher Rev. H. V. Koop. Evensong, 6 p.m. Preacher: Rev. N. V. Halward.

Monday, April 13.

The traditional demand silver from China and India has been and is likely to be maintain- ed, and, as the price falls, mines which produce it principally work

The Annual Meeting of the Bri with increasing difficulty and thetish and Foreign Bible Society metal becomes more and more will be held at the Helena May In- by-product. As a by-product it stitute; Tea at 4.80 p.m.; Meeting will come to market whatever bant 5.16 p.r. the price, and as a disused cur-

Speakers: Bishop John Gowdy rency ready to be sold as scrap. of Foochow and Roy. H. O. T.

The difficulties in the way of Burkwall. any attempt to stabilise it are con- sequently formidable and it will of the interests so hard at work to require all the wits and ingenuity solve the problem. The serious- ness of the position cannot bo doubted. Low prices of silver In China and, with the Importation mean extraordinarily cheap labour

of modern machinery into "that

great republic, the seriousness of competition to our Lancashire tex- tile industry is readily imagined.

They accordingly propose to place £60,000 to general reserve and $20,000 to taxation reserve,

A U.S. BANKER ON SILVER. and to write off the whole of the increase of capital and merger ex-

While silver values are fluctuat- penses. £25,847. The balance of ing and while the value of the £97,964 is carried forward, no fur- white metal is in a period of de ther dividend being proposed.cline the Government abould main. The investments have been tain an attitude of "hands off the | written down to £2,697,684. There silver situation," according to a has been a very heavy recession suggestion made in Los Angeles, in the market value of the abayes California, by Mr. Ira Cross, a mem- of all tin-producing companies, ber of the board of regents of the but it is stated that the reserve American Banking Institute. against investments (shown in the balance sheet at £500,000)

than covers

In an address Mr. Cross said that more the price of silver undoubtedly will the market value of the quoted in-with the general business trend the depreciation in continue to fluctuate in harmony and in harmony with the price levels for other commodities.

Vestments, and; taking that re- serve into account, the directors see no reason to doubt that the investments in the aggregate fully represent the value at which they stand in the balance sheet.

UNION CHURCH. Kennedy Road, Hong Kong. Sunday, April 12, 1931. Morning Service, 11 a.m. Evening Service, 6 pm. Preacher: Rev. E. G. Powell. Social Hour after Evening Ser- vice.

10 a.m.; Taikoo, 2.46 p.m.

Bunday School:-Kennedy Road,

FIRST CHURCH OF CHRIST, SCIENTIST.

(Branch of The Mother Church, The First Church of Christ, Scien. that, in Boston, Mas, USA]

Macdowell Road, below Bowen Rond Tram Station. Sunday Service, April 12, 1981, 11.15 a.m.

Subject:-"Aro Sin, Disease, and Death Real?"

+

The Sunday School is held on Sunday morning at 10 o'clock.

Wednesday Evening Meeting at 5.80 o'clock.

Reading Roem at above address, open-

Tuesday and Friday 10 a.m. to 12 Noon.

Monday and Thursday 5.30 to 7 p.m. to attend the service and visit the The The Public is cordially invited

Reading Room.

There will always be a demand for silver, Mr. Cross sald. white metal, he declared, will bo demanded to a certain extent for

SUNDSTRAND

FOR

SPEED

ADDING-SUBTRACTING

SIMPLICITY

RELIABILITY

ACCURACY

COMPACTNESS

MACHINES.

Sole Agents:-

DIAL 28021. ¡

For our

representative to

demonstrate its

powers in t your office.

DODWELL & CO., LTD.

"Hong Kong'• ZOLE