1931-04-16 — Page 2

BANK S

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorical Capital

60,000,000

Ismad, and Pally Pišdup w. $20,000,000 Reserva Fundo1—

Karting... £ 6,800,0GB

Giltər

Reserve Llability of Peopriators $20,000,000

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS:-

Rus. Sle, C. A, H. Machia,

Charitie

Hon. Mr J, J. Palazo00, Deputy Chalımın.

#. It. Bell, Esq. T. 1. Fource. Eeq.

1. II. Compton, Esq. J. A. Plummer, Esq.

1. Landar Lowla, Esq. T. II, R. Shaw, Esq.

d.

akin, Faq

AMOY

BANGKOK BATAVIA

DUMNAY

CALCUTTA

CANTON

CHEFOO

COLOMB

DAILEN FUOCHOW

4. 2. Warren, Esq.

Chief Manger

Y. M. Grayburn,” Esq.

HAIPHONG

MAS: BURO

HANKOW HARBIN

HONOKEW

¡LOILO

JOHORE

KUDE

KOWLOON

BRANCHES:-

KUALA LUMPCH

LONDON

LYONA NALACUA

MANILA

MUAH (Joboral

MUKDEN

NAGASAKI

KEW TORS

PRIMNO PENANG

KANOOGA

NAJOON

SAN PRANCISCO

NJIANGHAT

SINGAPORE

SOBRABAYA

HUNGE! PATANI

TENISIN

TOXY

TSINGTAU

YOKOBIA MA

Cureant account curl in Loral Currency and Fized Imposite received fur per year or sherter paride in Lexal Currency and Berling o sarutelur will be quoted on application. Hong Kong 28th February, 1941.

HONG KONG SAVINGS BANK.

Tha uslane of the shore Bank fa conduel-

ed by the ONG KONG AND SHANGLIAS BANKING CORPORATION, Rules may obtained on application.

FOR THE ONŭtoro AND BLANQUEST BANKING CORPORATION.

Y. M. GRAYBURN,

Hong Kong, 16th July, 1900,

Clio Mansgot,

BANQUE DE L'INDO-CHINE.

•

HEAD OFFICE:

96, Boulevard Haussmann, Paris.

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

BRANCHES: Bangkok Hong Kong Quinhon

Saigon Battambang flue Cantho Mengtze Shanghai Nam-Din Neumen Fort-Bayard I'apreto Haiphong Peking Hankow

Canton Djibouti

Hano!

Singapore Thanhea Tientsin Touranc

Phom-Penh Vinh

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- ciele 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 & Co.; French American Banklag 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 transacted. Safe Deposit Boxes to let

A. LECOT,

Manager.

Hong Kong, ist May, 1920.

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880,

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

Head Office~~YOKOHAMA.

Branches and Agencies at:

Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

Changchun

Manila

Nagasaki Nagoya

Nowchwang

New York

Osaka Pelping Rangoon Fengtien (Mukden) Rio de Janeiro

Dairen (Dalny)

Hamburg

Hankow Harbin

Hong Kong

Honolulu Kal Yuen Karachi

Kobe

London

Los Angeles Lyons

San Francisco Seattle Semarang Shanghal Shimonoseki Singapore Зоставауд Sydney

Tientsin Tokyo Tsingtau

Interest allowed on Current, Ac-

counts.

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

H. MORI,

Manager,

Hong Kong, 11th April, 1981.

THE CHARTERED BANK OF. INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858. HEAD OFFICE: LONDON. Paid-up Capital Reserve Fund Reserve Liability of Pro-

priotera

THE HO HONG BANK, LTD.

(Established 1917.)

THE CHINA MAIL.

HEAD OFFICE:-SINGAPORE. Bong Kong Branch: 13, Quetu's Rd. C. Authorised Capital Straits $20,000,000 8,000,000 .£3,000,000 | Issued Capital

£4,000,000 Paid-up Capital

4,000,000

.£3,000,000

Agencies and Branchen:

KUALA LUMPUR KUCHINO

ALOR STAR

(Malay) AMRITSAR DANGKUK HATAYIA

JOLENJA Y CALOUTTA CANTON CAWNFORE

CEBU

COLOMBO

DAIREN (Daly

South Manchuria

DELFI

HAIPHONG

HAMBURG

HANKOW

IARDIN

IN. Manche[k}

HƯNG EONO

ILONO

H

KARACHI

HLANO

Konk

KUALA KANGBAN

(Perak F.M.9)

MADHAB

MANILA

MEDAN

JEW TORE

FERING

PENANG RANGGON

SAIGON

SEMARANG

BERCABAN

SHANGHAL

EINGAPORE

BOURABAYA

TAIPING (F,M.M.)

TAVOY

TIENTSIN

TOKYO

TONGRAH (Bhuket),

THING140

YOKOHAMA

ZAMIÐANDA

(Philippins Talanda)

and

Genera!

Foreign Exchange

Banking business transacted.

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

he quoted on application.

A. H. FERGUSON,

Manager.

Hong Kong, 8th January, 1929.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York,

Capital, Surplus and

Undivided Profits ..U.S.$224,564,298

Branches in:—

ARGENTINE

BELGIUM BRAZIL CHILE CHINA

COLOMBIA

CUBA

DOMINICAN

REPUBLIC

INDIA ITALY JAPAN

LONDON

MEXICO

PANAMA PERU

PHILIPPINE

ISLANDS

PORTO RICO

STRAITS

SETTLEMENTS URUGUAY

VENEZUELA

Commercial and Travellers' Letters 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 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 Paris aid Nico.

F. McD. COURTNEY,

Hong Kong, 20th February, 1031.

Manager.

THE AMERICAN EXPRESS COMPANY,

INC.

Read Office: 65, Broadway, New York.

Capital Surplus ... Reserves

U.S.$8,000,000 U.S.$1,572,454 U.8.$1,908,202

BRANCHES-

Gacor

Olgar

Nion Sispla

Ваталь

Pla

Beale

Hambur

Parts

Berlin

EATIN

Biarrit

Bomber

New

Amilatdam Liverp Albans

Bruneis Boende Al Osita Celestia Cana

Colombo Constantinople Clypenhagen Ealcburgh Florence GT

Interlaken Jarusalam Lido London Liverpool

Legion LATOR Howlite Mola Dariu

Manila

Munich

Mik Milan

Tran Feking Filarmo Rotterdam Вер Bamboul fbaughal Southampto Singapore 81. Morlis

Tienlai

Ylecon

Freios Yokohama Zuriah

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

All classes of Commercial Banking Transactions undertaken.

Personal lavestment accounts handled.

Reserve Liabilities of Shareholders. Surplus

||

11

4,000,000 2,520,000

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.

INETHERLANDS TRADING BOCIETY}

BANKEBB.

Established 1994.

Hong Kong Cases-31, Queen's Road Comirs). Authorised Capital ......... Gullar 150,000,000. (21.800,000.) Palk-Up Capital ........................... Guilder 80,000,00

(£8,880,170) Reserve Fund

Quilders' 10,016,006 (23,014,200)

Commerce and Finance

PROPOSALS OF THE methods of oxporting and market-

COTTON REPORT.

British Interests in China & U.S. Cloth.

THE FALL OF SILVER.

Ing."

Selling Organisation.

In recommending the setting up of D special organisation, the Mission says that if this is done it should be possible to arrange for the standardisation of qualities required in the China market and to place orders with spinnors, manufacturers and finishers of such dimensions as to secure that London, Yesterday. the goods will be manufactured Discussing the cotton report and finished at very much lower Such on with Reuter, Sir Ernest Thomp-coats than at present. son stressed that the Mission was organisation would be in a posi- representing all sections of the tion to ascertain the requiremonta cotton trado and had brought of the market and to maintain home D unanimous report. All stocks at the more select pointa. had come to the conclusion that a│It could maintain its own organi- reduction of costs of productionsation in China and work either and an improvement of marketing through the existing importing methods were necessary. Both re-house or a selected number there- medies were Interdependent. He of. If this proved to be "imprac announced that Mr. Gillett and ticable or for any reason unde Mr. Edward Crowe would proceed | sirable,' the organisation in China to Manchester on April 19 to dis- could work through Chinese deal- cuss questions of reorganisation ers or its own appointed with the trade.

as circumstances required.

agents

Head Oos-ANSTERDAM” Eastern Head Once-BATAVIA, BRANCHES Bandjerinaali, Bandoway". Bombay,

Caloutta, Chirtboo, Djember, Risk jakaria", The Kingua”, Jeddaà, Hobe,

Sir Ernest Thompson emphasis- Costa Must Be Reduced. Kota-Enðja, Makassar, Madan, Padang Talembang.

An alteration in the marketing Pekalongan, Paned that the position was such Pontianak, Bangoods that the Mission Semarang, kaoghal,

was forced to system, however, is not sufficient (Bumaa),

Beratal act without delay. He hoped that to bring about an early and ap- Boerakarta (Balap and Weltevreden..

the Mission's proposals would bepreciable increase. An increnso carried out simultaneously with of production costs in the East is the reorganisation of Lancashire's improbable and therefore the Re- productive capacity.

port urges all engaged in the in-

Bibolg

• Thuso does hara asta deposit boxmu je laž, London Bankern:—National Provincial Bank ElJ. Correspondants all over the world Deaking business of staty description transacted.

A. STOZEINK,

desing Manigst,

Hong Kong, 19th Angurt, 1980.

THE BANK OF CHINA, 行銀國中

Reorganised October 25, 1928, under special charter of The National Gov. ernment as an

of raw

Answering questions, Sir Ernest dustry, from the buying Thompson said the Mission had cotton to the sale of the finished not found that American cotton | article, to consider separately and was hitting British Intereats in jointly how costs can be reduced- China.

and so enable yarn and cloth to The fall of silver in Japan had be placed on the market at com- not affected Britain now that petitive prices. The Report con- Japan was on a gold basis, but cludes by saying that there is no the proximity of Japan to China hope of Lancashire increasing affected Britain when business her trade in the markets of the East unless radical changes are

was on a falling basia.

Many questions were directed made. to ascertaining the Mission's viewa on the lines on which reorganisa- INTERNATIONAL EXCHANGE

tion in Lancashire would procced. ....$25,000,000.00 Sir Ernest Thompson replied that .$21,710,200.00 the question was for industry. ..$ 3,820,503.82 The full cotton report will be |published on April 17 and the gen- eral report of the Economic Mis- sion in a fortnight's time.

BANK. Subscribed Capital Paid-up Capital

Reserve Funds

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH; 4, Queen's Road Central.

Earlier News.

London, Yesterday.

Must be Competitive. The Report of the Economic Mission, which visited the Far East simultaneously, is not yet published, but it is stated that it confirms and supports the Cotton Mission's recommendations. It expresses the opinion that no in- dustry so dependent on exports as the British cotton Industry can continue to exist unless fully com-

A stern warning to Lancashire potitive with other countries.—

Owing to our numerous branches in that she cannot hope to regain or Reuter. China and large connections in the im-even to retain her trade with the portant commercial centres of the Far East unless her goods. are Revised @gures of British Colum- world, we are able to extend to our clients special facilities for domestic placed on the market at competi- bia's record 1930 canned salmon and foreign banking and exchanges. tive prices is contained in the Re-pack show a total of 2,221,819 cases, We also handle the issue of Bonds port of the British, Cotton Mission which represents an Increase of and other Public Funds of the Chin which visited the Far East recent-823,049 cases over the previous ese Government both at home and

ly under the Chairmanship of Sir year, and a gain of 166,529 cases abroad.

Ernest Thompson. SHOU J. CHEN,

over the former record of 1926.

Hong Kong, 5th March, 1931.

Manager.

Price Before Quality. The Mission, in Ita Report which has just been published, stresses the importance of Lanca- shire getting into closer touch with the China market and recom-

THE BANK OF CANTON, LTD. mends the setting up of a special

Established 1912,

Head Ofce-Hong Kong.

Authorised Capital (FI.K. Currenty) $11,000,000 Paid-up Capita

8,584,600 Basert Fund

1,100,000

BRANCHES In

Canton, Hangbal, Kankow, walow, Bangkok, New York and Sac Fra

CORRESPONDENTH

LONDON BANKERS 1-

The Lloyd's Bank, Lénitd.

In all prinospel ition of the World Varulgu pankangs and banking business of way rislon transstad,

nate Deposit Bazsa (varlıyım alın) ki a gouty canial of trans 85 to $40.

LOOK POONG SHAN,

Chief Manager.

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

organisation for this purpose. After pointing out that Japan 25 a market is virtually closed, the Report says that China still needs to import a large quantity of piece goods, but that owing to the reduced purchasing power of the people, quality has become a secondary consideration and that If Lancashire is to secure recovery of the lost ground her prices must not exceed those of her prin- cipal competitor-Japan.

The First Essential. The Report points out that |Japan's advantage in cost at every

stage of production is cumulative, ¦ the effect of which is consider- able. It emphasises that the re-

duction of British coats is the HEAD OFFICE:-Taipch, Formosa.first essential. In pointing out

Incorporated by Special Imperial

Charter, 1899.

Central Bank in Formosa

that the cost of merchanting and distribution also enters into the prices at which Lancashire goods

Bask Notes Land Average amount Yan, 45,000,000 can be sold, the Report declares

BRANDIES AND AGENCIES JAPAN :---Tokyo. Tokohama, Kobe, Quake. PODKLONA :—Jiran,

that the present position AS TO- Kasko, Agarda marketing is far from satis- Malong, Manto, Shaabika, Talaka, Tais, factory. Taka Teval, Town, Halie, Talla.

Bankow Amoy, Poochow

Ewalow, Denton

Holding of Stocks.

OTHERS :--Hos Kong. Bingspor, Boarabaya, The Mission investigated vari-

The Company offers to intending Travellers the use of its "Travelers | Cmsk:—Bhanghai, Cheques" and Letters of Credit and, In addition, the world-wide services of its thoroughly equipped Travel De- partment

Affiliated with

THE CHASE NATIONAL BANK,

Entoarcem..Over €$2,500,000,000

· C. H. BENBON,

General Manager.

THE BANK OF EAST ASIA, LTD.

Established 1918,

HEAD OFFICE:

10, Des Voeux Bond, Central

Capital and Surplus

Total Resources

HONG KONG

over H.$ 8,000,000,00

Over FL.$50,000,000.00

Every description of Banking and Exchange business transactail.

20 Current and Fixed Deposit Accounts in local and for-

sign currencies opened for clients. Ge

Havings Account and Bafa Depozit Bores. -Brancher and Agencies all over the world.

KAN TONG PO

Chief Manster.

Emarang

Batavia, Bombay, London, New York,' Dairen.

LONDON BANKEES:

The London County Watartar and Per's Bank The Bank has Correspondents in all the principal Commersial Centers throughout the world.

K. KIGORI

Manager. HONG KONG BRAKOM:

3. Das Vana Blond Central, Hong Kong, 19h January, 1992

Calestia, ous suggestions designed to in- crease the sale of British plece goods, all centreing around the formation of a Company in Bri tain to control, the expert and sale of Lancashire goods in China, either at the Treaty porta to im- porting houses, leaving the dis-| tribution to Chinese dealera AS at present, or at Troaty ports direct to Chinese dealers, or by undertaking the whole of the sale, and distribution' through its own agents. Regarding this, the Re- port says: "We have come to thỏ ARE INVITED TO INSPECT OUR conclusion that it would be un-

STOCK OF -ASIATIC. FOREIGN AND COLONIAL

YOU

POSTAGE STAMP

IN SETS, SINGLE PACKETS,.

BAGS AND IN APPROVAL

SHEETS..

GRACA & CO., Dealers in Postage Stamps, Philabelle Goods, Picture,

Postcards, Toys, &c. *** 10" WYNDHAM STEKET, PO Box No: 620, HONG KONG.

wise for any such Company to embark on up-country trading in view of the prevailing unrest and possible opposition from existing dealers. Wo favour, however, the holding of stocks in Chind of buik lines which is the trade in which Lancashire must recover. ¡if she is to see a freal Improvement. But, it is quite impossible to {visualise the holding of stocks in | any considerable quantities whitle Lancashiro's 'business is conduct

v led through so large a number of merchants, all competing one against another. We are satisfied that there will be no improvement wildout radical, alteration in the

DEWARS

THURSDAY, APRIL 16, 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 Lita, Peking.

THE HARBOUR VIEW PRIVATE HOTEL.

9-12, Chatham Road, Kowloon, Finest Sitantion on the Peninsula. Largo Alry Rooms with Full Benefit of the Cool Bea Breeses. Unequalled Calsine.

Phone

Tel. 56734.

Propristress:-Mra. Gardiner.

Cabin Add. "Harview."

ENCLOSED IN ORIENTAL FERNERY AND EASTERN CHARM.

SELECT PRIVATE HOTEL,

Furnished with an eye to the comfort of its tonants, Luxuri- and singlo doublo rooms.' large and airy,

THE MARBLE HALL

21, Nathan Rd., Kowloor. Telephono 57989.

Que

Modern bata-

TOOTEN

attached

to each room,

and. private gar age benefits motorists.

Correct Styles FELT HATS : -

Andrews,

Battersby,

Borsalino,

Cambiaghi,

Hardeman,

Ward's,

etc., etc.

THE BAKILLY CO., LTD.

153-155, Des Voeux Road Central

G. FALCONER & CO., (HONG KONG) LTD. WATCHMAKERS & JEWELLERS

DIAMOND MERCHANTS.

Union Building (opposite G.P.O.)

Agents for: ADMIRALTY CHARTS,

ROSS'S BINOCULARS and TELESCOPES, KELVIN'S NAUTICAL INSTRUMENTS, ENGLISH SILVERWARE, direct from Manufacturers, ✨

High Class English Jewellery.

"White Label"

MARK TWAIN,

speaking of speculation, says,

in his quaint fashion, that there

is one month in which it is

specially dangerous to speculate.

The rest of the months which are

To equally dangerous are the other eleven. If you take risks of any kind, don't let it be with your whisky. You can't afford it. use good whisky is not speculation, and you are safe all the months of the year if you stick to

WHITE LABEL"

DEWAR'S

"