1931-05-07 — Page 2

BANK S

HONG KONG AND SHANGHAI BANKING CORPORATION,

Authorland Capital

$50,000,000

Issued and Fully Paid-up $20,000,000 Rear Pants --

Blacking

Bitver.......

4,500,000

Reserve ability of Proprietors $20,000.000

BEAD OFFICE. HONO RONG.

BOARD OF DIRECTORS:-

Jen. Mr. C. C. A. Hachia, Chairmez.

Ton. Mr. J. J. Paterna.

Deputy Chairman.

W. Bell, Ent.

T. E Four

Eng.

4. I. Compton, Esq. J. A. Mutumier, May,

D. Landar Lewis, Eng. 1. 1. 1. Shaw, Esa.

G. Mulia, Esq.

AMO:

BANGKOK

BATAVIA

BOMBAY

CANTON

3. 15 Warren, Eus

Chic! Manager.

V. M. Ghura, Raj.

BRANCHES:--

LONDON

LYONS

MALACCA

MANIA

MUAR (abore)

CALCUTTA

CHEPOO

COLOMBO

DAIRES

MURDES

NEW YORK

POOCHOW

HAPPELLIMIT

TAM

MANHOW

PEITING

PESANO

WANTOON

SADRON

SAN FRANCIS =

SHANGHA

SINGAPORE

MABABAYA

HARDIN

HONIKEW

ILUSLO

SUNULI PATASA

HENTAIN

JOHORE

KOBE

KOW LAMINA

KUALA LUMPER

ТОКХО

TRINITAR

YOKOHAMA

Curmet Axunta opened je bual Carrersy Fixed Depouls revived for as all of sherter periods in Local Currency and Berling war ich wii be gusted on spplication. Rong Kong, 1th - February, Iwai,

HONG KONG SAVINGS BANK.

The Baule of the above Bank is condurt

ad by 110NG KONG AND SHANGHAI BANKING CORPORATION,

shiained on appidraline,

Hule may be

POR THE HONGKONG AND SHANGHAI HANKING CORPORATUÍN.

►

V. M. GRAYINIIN,

Eng Kor. 16th July, 1990.

Chiet Manager.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE: 96, Boulevard Baussmann, Paris,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858,

HEAD OFFICE: LONDON.

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917)

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

Authorised Capital Straits $20,000,000 £3,000,000 { Issued Capital .......£4,000,000 | Paid-up Capital

...£3,000,000

Paid-up Capital Reserve Fund Reserve Liability of Pro-

prietors

Agencies and Branches:

ALUR STAK

(Malay Him)

AUDITRAD

ЗАНОКОЕ

BATAVIA

BONDAY

CANTON

DALCUTTA

LAWNPONE

CENU

COLOMRO

r

DAREH Dalay

Bouth Manchuria)

DELNI

HAIPHONG

HAMBUNG

HANROW

HANDI

N. Muurbacil

BÔNG FONG

LOLA

tron

KARACHI

KLANJ

KANG

KALA HANDBAR

(Is F.M.B.)

KEALA LUMPUR

KUCHING

MADRAS

MANILA

KEDAN

NEW YORK

PEXING

PENANU

DANOUON

BEREMBAN

BALUON

SEMARAND

SHANGHAI

BINGATONE

BOURADAYA

TAIPINO (P.M.8.J

TAVOY

TIENTRIN

TOKYO

TONGKAH (Eborati

TRIKOLAO

YOKOHAMA

ZAMUGANGA

Philippine alaendel

Foreign Exchange and General Banking business transacted.

Current Accounts opened and Fix- ed Deposita received for 1 year or sharter periods nt rates which will he quoted on application,

A. . 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 Profite ..U.S.$224,554,298

Branches in:-

ARGENTINE LONDON

BELGIUM BRAZIL CHILE

CHINA

COLOMBIA

MEXICO

ISLANDS

PANAMA

PERU

PHILIPPINE

CUBA

PORTO RICO

DOMINICAN

STRAITS

REPUBLIC

INDIA ITALY JAPAN

SETTLEMENTS URUGUAY

VENEZUELA

Current accounts

Subscribed Capital Frs. 72,000,000.00 Paid-Up Capital...Fra. 58,400,000.00

Commercial and Travellers' Letters Reserve Funds ....Fra. 102,000,000.00 of Credit, Travellers Cheques, Bills

BRANCHES:

of Exchange and Cable Transfers Lought and sold. Hong Kong Quinbon

Saigon Shanghai Singapore

Bangkok

Battambang ur Cantho

Canton

Mengize Nam-Dink Djibouti Neumen Thanhen Fort-Bayard Papeete Tientaln Haiphong Peking Tourane Hankow Tham-Penh Vinh Ilano!

Pondicherry Yunnanfu DANKERS:

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

IN LONDON: The National Provin- cial & Union Bank of England, Ltd.; Comptoir National d'Escompte de Paria; 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 transacted.

Safe Deposit Boxes to let

A. LECOT,

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 also of The National City Bank of New York (France), S.A, in Pari and Nice.

F. McD. COURTNEY,

Manager. Hong Kong, 20th February, 1981.

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway. New York,

Managor.

Capital Surplus Resorves

Hong Kong, 1st May, 1920.

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880,

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

Yen 115,000,000

Head Office:-YOKOHAMA,

Branches and Agencies at:

Alexandria

Betavin

Berlin

Bombay

Calcutta

Canton

Changchun

Manila Nagasaki

Nagoya

Newchwang

New York

Osako

Foiping Rangoon Fengtien (Mukden) Rio de Janeiro

Dairen (Dainy)

Hamburg

Hankow

Harbla

Hong Kong

Σοποίητη

Ко

Kai Yuen

Karachi

London + Los Angeles

Lyons

San Francisco Seattle Semarang

Shanghai

Shinonoseki Singapore Soorabaya

Sydney

Tientsin Tokyo Tsingtau Interest allowed on Current Ac- MAKITA.

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

H. MORI,

Manager. Hong Kong, 11th April, 1981.

.U.S.$6,000.00J U.9.$1,572,454 U.S.$1,008,200

BRANCHES:-

Amsterda Sulwarp

Gondo

Nice

Brow

Haplos

Athab

Pir Parla

Borlig

Starri

l'ecog Fahion Palactio

Bombe

Bryan

Beanaly Busade Alte Сега Calovita

Cape

Coloraba

Сполипорі

Copenhagen Kalnburgh

KAYEDA Hamburg ISATIO Lawries Jurusni Lido Loatian

Liverpool JALIOWITHI Lugung Guap Karmilion

Moni Orja

Stanle

il nich · Xemteur

Han

Rotterdam Home Stamboul Shagbal Bouthampton

Bogapore

St. Moris

Trainin

Viaco

Vr Yokoha Zurich

Florenc UNDATA

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

All classes of Commercial Banking Transactions undertaken.

Peraunal investment handled.

accounta

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

Afiliated with

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

C. II. BENSON,

General Manager.

THE BANK OF EAST ASIA, LTD.

Established 1918...

HEAD OFFICE:

10, Des Voeux Road; Centrai, - HONG TRONG

Capital and Surplus

Total Resources

over H.$ 8,000,000.00

Over H.$30,000,000.00

Every description of Banking and Exchange business transected?

Current and Fixed Deposit Accounts in Toral and fore

eign currencies opened for clienta.

Savings Account and Eats Dopoult Boxes, Branches and Agencies all over the world.

KAN TONG PO,

Chief Manager,

Reserve Liabilition

of Stareholdera Surplus

8,000,000

4,000,000

4,000,000 2,620,000,

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

Every description of Banking and Exchange business transacted.

TAN ENG HOOI,

Managar.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(RETHERLANDS TRADING BOCIETY)

Hong Kong

www.darba

DANKERA

Establub 1934,

Boo-11, Queen's Boad Central.

Authored Capital Builders 18,000,000. (11,800,000.) Paid-Up Capital

Guildars 80,090,008

Becerre Pund. Quliare 40,018,2

[23.384,689)

Head Us:--AMSTERDAM? Eastern Head On:-BATAVIA

Sourbela,

Boerakarls (Bolol, Tag, Tad Weltevreden.

and

Commerce

Finance

THE CHARTERED BANK.

Stagnant Eastern

Markets.

REVIEW OF THE YEAR.

supply for both countries, will be able to recover far more rapidly than the Straits.

In regard to rubber production costs, it is very interesting to learn that, as soon as it was realised that all appeals to Government for re- striction were useless, planters eon- centrated on reduction in costs, and Aurprising results have been accom- plished. Rubber is now being pro- The

seventy-seventh ordinary duced in some cases at as low as 10 general meeting of the shareholders Straits cents, per lb. (less than 3d.), of the Chartered Bank of India, The Idea that this could have Australia and China was been done 3 few

years ago held the bank's

premises, would have appeared fantastic. 38, Bishopgate, London, E.C. Sir or course

hearers my

will Montagu Cornish Turner (the understand that this ia ita chairman) presided.

Mr. W. b. price

on the estate, and not the Preston (chief manager) read the price of the commodity in London. notice convening the meeting and Malaya has never faced auch a pro- the auditors' report.

longed crisis as that through which; The chairman said: Gentlemen, she is now passing, but the efforts I need not dwell on the world-wide which have been made to meet the depression in trade which in extent situation will produce beneficial and and severity has, I believe, never lasting results when world condi been surpassed in modern times. tions improve. That is a mutter of common know.

British Goods.

out

Shanghai, Bibelge especially in the East, where

interests mainly Be, and where the prosperity of its millions depends on the ready aale of their crops and products at remunerative prices in the markets of the world, that the effects of this disastrous landslide have been chiefly felt.

• These off bare safe deposit bores to tak London Desicara:--Nations? Irovincial Bank Ltd.

. Currespondents all over the world

Danking bulnass of every description transacted.

BRANCHES – Deadjamais. Bandet, Bombay,ledge. Whatever the causes, and I was the guest the other day at Calcults, Charibor, Disaber, Do they are numerotte, both Eastern, the British Industries Fair held in! Jakarta", The Hagua*, Jadilah. Iche, Kosa-Badja, kiukassar, Medan, Padang and Western hemispheres have suf- Birmingham, and I can truthfully Palembang, Pakaloogah, Pansfered very severely. Ponilene Rangoon, Botterdam,

But it is say that I came away with a feeling Bang (Burmatra), Bingapor

of pride at the variety and quality of the goods exhibited; it is, how-) ever, undeniable that there is some- thing in the charge that our sale- manship in these days of keen com- petition is often lacking in enter- prise, a fact which is stressed year in and year out by all our managers of in the East. This is, to my mind, a weak spot in British industrial organisation, and it is a pity that all the skill, drive, brains and hard work which go to the making of goods should be lacking when it comes to marketing them.

A. STOKKI L

Acting HansIT.

lou Kong, IN Augvak, 1980.

THE BANK OF CHINA. 行銀國中

Reorganizel October 26, 1928, under special churter of The National Gov ernment as An

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital....$25,000,000,00 Pald-Up Capital .$24,710,200.00 .$ 3,520,503.82

Reserve Funds

HEAD OFFICE: SHANGHAI,

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

Owing to our numerous branches in China and large connections in the im- portant commercial centres of the world, we are able to extend to our cilants special facilties for domestic and, foreign banking and exchanges.

We also handle the issue of Bonda and other Public Funds of the Chia ese Government both at home and

abroad.

Manager.

SHOU J. CHEN,

Hong Kong, 5th March, 1081,

THE BANK OF CANTON, LTD.

Established 1912.

ed

The Immense destruction wealth during the War, a fact which people nowadays' are apt to forget, has a great deal to do with the pre- sent world "alump" in trade, coupled with the. fact that restrict

comsumption and this part cularly applies to the East, with its Our manufacturers of articles teeming millions-hua far behind production.

fallen very designed for Eastern markets-- and this applies more particularly China is still distinctly unsettled, to sundry articles-should really India shaken with unrest, and Rus- make a closer study of the require-] sia-whatever view may be taken ments of these markets, and it is of ite politics-constitutes to-day essential, above all, that their sutes- an economic factor more strange men, who go to the East should not; and menacing than ony which has only be keen on their job but should! been witnessed in our time. In aloo be equipped with some know- stead of increasing after the War, ledge of the languages and habits the consuming capacity of thead of the merchants they are dealing three countries alone, has contracted with in the bazaars. It is this last, from £300,000 in 1913 to £300,000,- together with the keen desire to 000 in 1929. These figures are meet the wishes of their customers, eloquent and need no comment from me.

Uneven Distribution of Gold.

which accounts for the marked suc. cess in recent years of our rivals in: these Eastern markets.

If agriculturists in the East and The new Charter, which was rati- throughout the world cannot sell fled at a special meeting of the their products at prices which leave shareholders last year, is now go a margin over the cost of producing the round of the various Gov- tlon, it stands to reason that they ernment departments, and I hope to are not able to buy our manufactur- be able to inform you when next ed goods, and that le exactly the we meet that it has been duly ap position to-day.

proved by the Treasury, as well as by all the departments concerned, both in this country and overseas.

Many of our troubles are doubt less also 'due to the uneven distribu- tion of gold, and the fact that Great With reference to the statement| Britain, is being called upon to bear of accounts, I would mention that too heavy a strain in world financ about half the decrease in the total Ing owing to other creditor coun- of the balance sheet is due to the tries like America and France (who change in converting Into sterling have between them accumulated the values of the tael and the China stocks of gold of a value of about silver dollar. The decrease in bills. £1,850,000,000) being Indleposed at of exchange and bills discounted Canton Skangast, Hanker, we present to lend freely throughout reflects the decrease in business, Bangkes, Baw York and Ban Francisco

Head Offlee-Hong Kong. Authorised Capital (17.K. Ourresos) $11,000,000 Pald-Up Capital

8,568,600 Besarre Fund

1,100,000

BRANCHEB —

CORRESPONDENTS

LONDON BANKEES :—

The Lloyds Bank, Lizrised.

In a principal cities of the World.

Forujen atchange and banking bername of sary Zamription transactal,

Bala Depods Bozau (varleras, aluma) si a yearly rental of from 68 6ơ 040.

LOOK POONG SHAN,

Chief Manager.

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

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Imperial Charter, 1999,

Central Bank in Formona. Bank-Notne Jansed Avueset amount 716. 64.000.000 BRANCHES AND AGENCIES JAPAN:-Tokyo, Tokobama, Hobe, FORMOSA 199Ģirkt,

the world.

which, we trust, is of an entirely temporary nature.

Profit of £634,342.

and

much

But, perhaps, the most urgent need is some reasonable settlement of war debts and reparations; the Our net proft, after fully pro- lifting of large sums from one coun-viding for all bad and doubtful try to another, without any value debts, is £634,842, and after setting received, is causing frequent and aside £30,000 for contingencies and Berious disturbance to the ex providing for dividend and bonus changes and to general world trade. we carry forward £187,597 98. The standards of life in the coun- As regards the dividend tries from which these payments are bonus, your directors have being made are forced down to

a pleasure in proposing that this be low level, and they are being com- paid at the same rate as last year, pelled to export at prices which are but we are recommending that the threatening the rain of our export dividend for the second half of the trade.

year and the bonus for the whole Above all, however, what is want-year should be subject to income- ed to-day more than anything is a tax.. The general reasons under-

It spirit of greater confidence.

lying thie action on the part of your must be made worth the while of board, which are dictated by pru- those who have capacity, brains and dence and not by necessity, are fully Kugh Karenko, Kaslung, accumulated capital, to initiate em indicated in what I have said above. Makong, Warto, Shinobiku, Talebs, Tainas, ployment, to push Invention and What I would like to emphasise is ouINA, Iankow Amey Fooshow, enterprise, to go ahead and take that not only have we the burden

Singapore, Borsheys, risks, and until that is done

we of increased taxation at home, auch Bombay. Oshall still have to contemplate the as the last increase in Income-tax, London, New York. Dawn.

LONDON BANKEES » The London County Waimioter and Far's throughout all the industrial coun- are also

grim spectre of unemployment butt most points in the East we faced with heavy local The Bank ha Orpondense to all the principal tries of the world. Commercial Centres throughout the world."

taxation, and as these taxes have K. KAGURA.

The Rubber. Industry. been steadily on the fnerease there The rubber market is still over comes a time--especially with busi- weighted with large stocks. Con-ness in the sad condition that it is ditions may improve, but I hardly to-day-when the question of taxa- venture to say that wo shall see any tion can no longer be ignored. material advance in the price in I beg to move! That the report the near future. Both Ceylon and now pressented, together with the the Straite have naturally felt the balance sheet and profit and loss ac- brunt of the storm. In the Straits count, be approved and adopted." and Malay States one result has Sir Harry Goschen, BL, KBE, been the reduction of working costs ecconded the resolution.

Takan, Tamer, Tran, Elalts, Talo.

Balo, Canion. OTHERS1-йong

HONG KONG BRANOU

Das Vous Band Central, Hong Kong. 10th January, 1999

OUR

LADIES' TAILORING

DEPARTMENT

undertakes to execute orders

FOR MAKING DRESSES- & GOWNS on latent styles with-

in 16 hours. Va

|and the paying bff of large num The chairman then moved: "That bers of Indian labourers. I believe a dividend at the rate of 14 per soma. 70 to 80 thousand, men have cent per annum, less income-tax, returned to the coasts of India. | for "the" half-year ended December The repatriation of these coolies 81 last, together with a bonne of Ba. is causing great deal of anxiety 8d. per share, lesa. Income-tax, be among rubber producers, as they now declared, payable on and after are nearly all skilled workers who April 1." Sir William Foot Mit- have been on the plantations for chell seconded the motion and it wan many years. The planters fear unanimously approved. that when the market Improves and LOVELY SILK STORE demandesserts itself it will not William Henry Neville Goschen, Bt., The chairman moved: "That Str

No. 2, Stanley Street, Tel 22100, (Adjoining I′Aguilar Street)

only be an expensive Business to K.BE, Mr. Archibald Rose, 0.1E bring back this labour force to the and Mr. Edward Fairbairn Meckay, Straits, but it is pointed out with who now retirao by rotation, be some justice that Ceylon by virtue re-elected" / äirectors.” - Mr. AGA. of her proximity to Southern India, Jameson seconded the proposal, and which is the main soures of inbour it was carried unanimously,

باد یوناد

THURSDAY, MAY 7, 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 Lite, Peking.

THE HARBOUR VIEW PRIVATE

HOTEL.

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

Phone Tel. 56734.

ProprietressMrs. Gardiner.

MARBLE HALL

Cable Add "Karylow,"

21. Nathan Rd., Kowloon.

Tel. 57089.

A SELECT PRIVATE HOTEL FURNISHED WITH AN EYE

TO THE COMFORT OF ITS TENANTS.

Overland China Mail.

A WHOLE WEEK'S NEWSPAPERS IN ONE.

The Filipino steerage passenger charged with the murder of Mr. John Harrison, on the high seas, aboard the R.M.S. Empress of Russia, in February last, pleaded "Guilty," on his appearance at the Assizes, but after some discussion it was ordered by the Court that a plea of "Not Guilty" should be entered. Counsel in the case were divided in opinion as to the precise nature of prisoner's admitted insanity, expert medical evidence, it was stated, having been taken on both sides. The OVERLAND CHINA MAIL contains a full account of the opening stages of the trial.

*

*

*

Proposed revision of the percentage of assessments on tenements, payable as rates, is indicated in an official motion to be brought before the Legislative Council. The effect of the motion, if passed, it is considered, will tend to equalise the burden of assessed taxation in the Colony. The OVERLAND CHINA MAIL gives an extract of the official motion, pointing out at the same time what may be con- sidered to be its effect.

*

* *

A bomb outrage in Yaumati, for which the motive still appears to be obscure, is also reported in the OVERLAND CHINA MAIL. The affair, which happened in the heart of a crowded district, resulted in the death of the accountant of an hotel, and was carried out in an unusually cool and daring manner.

*

Traffic chaos in Chater Road, approaching midnight, brought an Assistant Superintendent of Police into Court as prosecutor, and resulted in a smart fine being Imposed upon an Indian motor driver. The OVERLAND CHINA MAIL contains a full account of the hearing, during, the course of which several unusual features were brought out.

Sports features in the OVERLAND CHINA MAIL include special descriptions of the racing at the Fourth Extra Race Meeting of the Hong Kong Jockey Club, and exclusive reports of finals in the Hong Kong Cricket Club tennis tournament.

#

*

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❘ tia, and Canada testify to the krem other parts of the world frequently pleasure and interest its weekly fail to be written even by the most arrival bringa, ardent correspondente. It is a kindly thought, therefore, to ensureceive this weekly budget, or to keep For your folks at Home to re- that those away from the Colony, yourself posted with offcire during er folks at Home, should have an your absence, all that you have to unfailing supply of Hong Kong do is to drop a note to the "Over- and Chinese news every week-byland China Mall," means of a subscription to the "Overland China Mall."

The word "Overland” is a re- Without any trouble of packing production, it having been publish- minder of the experience behind the 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 $4.75 for three months, the because there tode no Sues. Canal, "Overland China Mall" will be and that was the quickest route sent Home for you every week, by which to get mall Homs. In catching the mail regularly. It the march of tima the "Overland containe the news and spacial features from the dally "China China Mall" has become the most Mall" that make a studied appeal has been compiled just to suit popular, weekly news, budget, us it to people with any interest whatsoever in Hong Kong, and done all along. What more could present-day requirements, as it har puny letters from Home, Austra- he desired!

READY TO-MORROW

·

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SINGLE COPY

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मे