1931-05-11 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Autherland spilat......

$50,000,000

Incued and Paliy Paid-up ... $20,000,000 Reserve Kunde 1-

Brazing

Hiver.....

£1,500,000 $10,000,000

Astara Liability of Proprietore $20,639,000

HEAD OFFICE: HONG KONG,

BOARD OF DIRECTORS:--

Hon. Mr. C, G. N. Mackis,

Clairin

Hon. Mr. 2. 4. Polarsou

Deputy Chairman,

W. 1. 2. Esq.

T. E. Pasa. Esq.

4. II. Compten, Esq. J. A, Pkarmener, Eng.

1. Lauder Lewis, Haq. T. 31. B. Shaw, Esq.

U. Miskia, Esq.

AMON

BASORON,

BATAVIA

BOMBAY

CALCUTTA

CAMION

CHEPOO

V. M.

РОДОМ DAIDEN FOOCHOW BAIPHONG

HASEBENAR BANKOW

HARDEN

HONAKEW

11.00

Full

JUHULE KODE

J. P. Warran, Erg.

Chil itong

Greylesin. Pag.

BRANCHES:----

44 5220

LONDON

LYONS

MALACCA

MANILA

MUAR (Johor)

KURDEN

NEW YOUR

PLIPINO

PENINO

RANDON

SAIGON

SAN FRANCISO.

SHANOLIA,

SINGAPORE

SOURABAYA

ROSOR PATÁ Na

TOKYO

INNUTAO YOKUHAMA

Cams Aduite opened in lovai Cussey Luiz uzmite rererved for us your r mautter priode in dewat Currey and Kerling wi with which will be qualed on application, Dag hou et February, 1931.

HONG KONG SAVINGS BANK.

The S of the above Back in con

d by the HOND ROSH AND SHANGHAI DANŘESO COMPORATION.

btained applicators.

Bules an

FOR THE TIDNOBUNG AND SHANGTIAL

BANKING CORPORATION.

V. M. GRAYBURN,

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

HEAD OFFICE: LONDON,

Paid-up Capital Reserve Fund Reserve Liability of Pro-

prietors

THE

CHINA MAIL.

THE HO HONG BANK, LTO.

(Established 1917.)

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

Authorised Capital Straits $20,000,000 £3,000,000 | lasued Capital

8,000,000 .£4,000,000 | Paid-up Capital

4,000,000

.£3,000,000

Agencies and Branchen:

KUALA LUMPUR KUCHING

ALOR STAR

(Malay Blaten]

AMRITSAR

BANOKOK

BATAVIA

FIOMHAY

CALLUITA

CANTON

CAWNFORE

CEBU

COLOMBO

DAIBEN (Dalny

Bath Manchuria)

DELSI

ITAIPHONG STAMOURO

HANKOW

RAFLUEN

N. Maburin}

HỒNG KÔNG

#10150

1::0

KARACHI

KLANG

KUBE

KUALA RANOBAR

MADRAS

MANILA

MEDAN

NEW YORK

PEXING

PESANO

RANGDON

SAIGON

SEMARANG

SEREMBAN

GUANOHAT

BINGAPORE

HOURA DAYA

TAIPING (P,M4.5.)

TAVOY

TIENTHIN

TOR YO

TONGKAH Bhuket)

THINGTAO

YOKOHAMA ZAMIJANGA

(Philippine Lelando)

(Perak ... Foreign Exchange and Genorai Banking business transacted.

Current Accounts opened and Fix- ed Deposits received for 1 year or shorter periods at rates which will be quoted on 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.$224,504,298

Branches in-

ARGENTINE LONDON

BELGIUM

BRAZIL

Chief Manager,

Jong Koog. B06 July, 1030.

CHILE

CHINA

COLOMBIA

CUBA

DOMINICAN

REPUBLIC

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussmann, Paris.

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

BRANCHES:

Bangkok long Kung Quinhon Battambang ne

Canton

Djibouti

Kaiphong

Saigon Shanghai

engiz Singapore

Neumen

Peking

Fort-Bayard Papeete

Hankow Hatui

Thanhea Tientsio Tourune

Pnom"Danh 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- ciete Generale.

IN LONDON: The Nationa! Provin- cial & Union Bank of England, Ltd.; 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 transacted. Safe Deposit Boxes to let

A. LECOT,

Hong Kong. Ist May, 1929.

INDIA

ITALY

JAPAN

MEXICO

PANAMA

PERU PHILIPPINE

ISLANDS

PORTO RICO

STRAITS

SETTLEMENTS

URUGUAY

VENEZUELA

Commercial and Travellers' Lettors of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfers Lought and sold. Current accounta and Savings Bank accounts opened and Fixed Deposits in local and for- eign arrencies taken at rates that may 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. McD. COURTNEY,

Manager. Hong Kong, 20th February, 1931.

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway. New York.

Mahagor.

Capital Surplus Reserves

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

Capital (fully paid-up) Yen 100,000,000 Reserve Fund ..... Yen 116,000,000

Blend Office:-YOKOHAMA.

Branches and Agencies at:

Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

Manila

Nagasaki

Nagoya Newchwang New York Osaka Changchun

Peiping Dairen (Dalny) Rangoon Fengtien (Mukden) Rio de Janeiro Hamburg

San Francisco Seattle Semarang Shanghai Shimonoseki Singapore Soerabaya

Hankow

Harbin

Hong Kong Honolulu

Kal Yuen

Tachi

Kobe London

Los Angeles

Sydney Tientsin Tokyo Tsingtau Interest allowed on Current Ac-

Lyons

counts.

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

11. MORI,

Manager.

Hong Kong, 11th April, 1982.

. U,S.$0,000.000 .U.S.31,572,464 U.S.$1,908.200

BRANCHES :----

Co Dlugow Having

Ainotandum Ankwar

Athen

Bala

Hamburg

Berila

Biarrita

Bombar Beaman Drosals Bono Afre Caino Calcutta CADDAM £olombo

interlaken Jerusalem Lifo London Liverpool

Lubeina

Lugana

Luzon Marolles Mooie Dario Manila

Munich

Montreux Milan

Nias

Kispion Pirque Parla Tana Inking Puluerso Fotterdam Bome Namboul Shanghai Southampton Відрарога Ni, Korite

Tienlai

Viscos

Freibe Yokohama Zurich

Congloopis Copenhagen Edinburgh Florsoc ONORTA

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

All classes of Commercial Banking Transactions undertaken.

Personal handled.

investment

accounts

The Company offers to intending Travellers the use of its "Travelers Chequce" and Letters of Credit sud, in addition, the world-wide services of its thoroughly equipped, Travel De- partament.

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 .............................. over HL.$ 8,000,000.00 Total Resources'

************** over H.180,000,000.00

Every description of Banking and Exchange business tranacted.

~ Current and Flood Deposit Accounts in local and for-

sign currencies opened for clients

Savings Account and Bafs Deposit Boxes. Branches and Agencies all over the world, i

KAN TONG PO,

Chist Manager.

|

Reservo Liabilities of Shareholders Surplus

+

4,000,000 2,526,000

Commerce and Finance

SELF-HELP IN THE BANKING YEAR IN

COAL INDUSTRY.

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

Every description of Banking and Exchange business transacted.

TAN ENG HOOL,

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

INETHERLANDS TRADING SOCIETY:

BANKENS.

Estabilshed 1914.

Hong Kong Okow :—11, Queen's Hood Canwal.

Authorised Capital Builder 150,000,000- (1213,600,000.)

Fald-Up Capital Guliders 80,000,000 By Pund .............Ouilder 40,014,000

(26,669,170)

(48,384,468)

At a

Necessity.

the

of

THE EAST.

Chartered Bank Meeting.

Chartered Bank of India, Austra-

MONDAY, MAY 11, 1931.

SUN HELMETS

For Naval, Military and Civilian Wear.

We have now received n

full Relection of Sun

Helmets suitable for all

ocensions and guaran-

Leed Sun Proof as well as Rain-

proof.

Also latest styles in STRAW HATS.

Prices moderate. Inspection invited

THE BAKILLY CO., LTD.

153-155, Des Voeux Road, Central.

HUGE DECLINE IN AUSTRALIA.

The picture drawn by Sir Mon- joint meeting of the Manager Institute of Fuel, the Coal Trade tagu Turner. chairman of the Luncheon Club, the Mining Asso-lia and China, at the bank's gen- eintion of Great Britain and Coal Merchants Federation, held eral meeting was not a bright one, says a Home paper. He showed how at the Institution i recently

Civil Engineers, with Lord Hynd- badly the Enst had suffered from ley in the chair, Mr. R. A. Burrows, the inability of producera to find past president of the Lancashire ready sale for their crops and products at remunerative prices and Cheshire Coal Research Asso- in world markets. His speech. ciation, read a paper on "Self-Help however, was not altogether lack in the Coal Industry." In which he put forward a plea that industry He referred, for example, to the

ing in points of encouragement. TRADE BAROMETER. itself, and those cancerned with it, results obtained by rabber plant should undertake the very urgenters in their efforts to reduce costa. task of reforming where necessary and said that in some instances the industry, its products and the rubber was now being produced at BRANCHES Badjasis. Bardoeng, Bombe, methods by which those products as low as 10 Straits cents per Ib.

are distributed.

fleas than 3d.). Sir Montagu He pointed out that while coal-Turner spoke rather hopefully on Panilanck Rangoos, Botterdam, owners had interested themselves conditions in Chino, but added Samarang", Ukanghai, het in safety and general mining re

Singapore Bourbal, fiskarte (Boto), Legal, Tesearch, they had almost completely conditions of the silver market

that unfortunately the abnormal) * Then offens have kafa duponli bozan sa žal. neglected to give attention to had proved most detrimental

"commercial research," factor

foreign trade with China. By pay which the author attributed to the ing its final dividend and a bonus unbalanced organisation of the in- less income-tax, instead of free of dustry. Evon to-day at most col income-tax, the bank has in effect lieries the mining or production reduced its distribution. a step side of the concern was overwhelm-which, he said,

was dictated by ingly in control, and the sale distribution Bide definitely subor. dinate.

Head Ofce:-AKUTERDAM* Exatam Hoad OM:-BATAVIA,

Calcula, Charbon, Diamber, Djok Jakarta, The Hagua, Jeddah, Kõbu, Kate-adja. Makamıar, Medan, Padang Palembang, Pakalongans. Pesune

Walterreden.

Landon Bankines--Nailonal Provinsial Bank Ltd.

Corrependants all over the world

Banking business of every description Uranuscted.

A. STOKKINK,

Acting Managent.

Hong Kong, 18th August, 1980.

THE BANK OF CHINA. 行銀國小

or

In the opinion of the auther, the section of the colliery organisation dealing with the preparation and

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

BANK.

I,

executive

tn

prudence and not by necessity. Sir Montagu Turner pointed to the increased taxation which the bank

and stated

that with

GOLD CHIEFLY AFFECTED.

Sydney, Saturday.

The huge drop of £55,795,000 is shown in the total of Austra fia's merchandise imports for the past nine months, compared with the corresponding period of the previous year.

According to the foreign trade returns just issued the figures are

£106,940,000 £511,450,000

1929-30 1930-31

Exports fell as follows:-- 1929-30 1930-31

Decrease

£74,172,000

£68,024,000

£ 6,148,000

Gold declined as follows:- 1929-30

hard to meet both at home and in the East. business in such a depressed con- treatment of con could make

dition the question of taxation or mar the whole business,

could no longer be ignored. Some should be recognised

shareholders apparently consider separate department, with that the bank should, if necessary. INTERNATIONAL EXCHANGE *A competent

officer have drawn upon its large re- in control, who should also, of

serves in order to maintain its Subscribed Capital ... $25,000,000.00 course,

work in close co distribution. But such criticism Paid-Up Capital ..$24,710,200.00, operation with and largely to the seems to ignore the fact that with Reserve Funds

..$ 3,620,503.82 ` dictates of the sales department.

decreasing profits the margin be- He suggested that collective re tween the bank's profits and the lows: search associations, supported by sum required for its distribution the co-operation of collieries and to shareholders has become small- merchants, could, with advantage er, and that having regard to the to the industry, carry out re- depression searches in the commercial utilisa- tion of coal, and that there were several processes which should be watched with keen interest by the coal mining industry-for exam ple, low temperature carbonisation, pulverised fuel and the hydrogena. tion of coal.

HEAD OFFICE: SHANGHAL

HONG KONG BRANCII:

4, Queen's Road Central

Owing to our numerous branches in China and large connections in the in world, we are able to extend to our

portant commercial contres

tho

clients special facilities for domestic and foreign banking and exchanges.

We also handle the issue of Bonds and other Public Funds of the Chin use Government both at home and abroad.

SHOU J. CHEN,

Hong Kong, 5th March, 1931.

Manager.

Scope For Improvement. There was a great scope for im- provement in the methods of sale

and the actual distribution of coal, For the future would probably be considered an essential part of the training of the

young

THE BANK OF CANTON, LTD. salesman that he should take,

Established 1912.

Head 10ce-Hong Kong.

Authorised Capital (II.K. Currency) (11,000,000 Pald-Up Capital

8,065,600 Burro Pund

3,100,000

DNANOBES Ceston, Shanghai, Hankow, Justow, Bangkok. New York and Ran Francis,

CORRESPONDENTS

LONDON BANKERS-

The Lloyd's Bank, Limited

la ell principal cities of the World

Forsign exchanga and banking busionne of

description impeached.

mental of from 15 20 160,

LOOK POONG SHAN,

Chief Manager.

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

at

at any rate. a part-time course in organic chemistry, or least in the chemistry of coal, and ahould also spend some time at tho collerles, screens and washeries, so as to learn how the product he had to sell was treated.

The industry could do a

great deal towards popularising coal by standardising namenclature and

in trade, which has not yet come to an end, a prudent lividend policy is the right courec. No company ever got into difficulty by paying too little in dividend, but many have come to grief by distributing too much.

TEA DRINKERS.

INCREASING POPULARITY

THE "EARLY CUP."

OF

A stendy increase in the con- sumption of tes in Great Britain is disclosed In a report of the Im- perial Economic Committee.

In 1929 421,300,000mb of tea wae consumed, or 26,000,000m

1931-30

Decline Wheat, however, rose

1930-31 1929-30

$23,826,000 7,695,000 £16,131,000

as fol.

£9,596,000 £7,684,000

Increase

£1,952,000 Reuter.

UNCLAIMED TELEGRAMS.

The following unclaimed tele grams are lying at the E.E. Tele- graph Co. Office, Hong Kong:-

Ray Coulter, U.S.S. Mindanao. South China Patrol, from Hono- lulu.

B. Musser, President Lincoln, from Manila..

Wehrli Erector, Kowloon Hotel, from Winter Thur.

9. LACK,

Manager. Hong Kong, May 7, 1981,

The following unclaimed tele- more grams are lying at the office of than in 1924, The annual con. [the Great Northern Telegraph sumption per head is now 9.2016 Company. (Limited) of Den- as compared with 6.481b in 1911. mark:

Some of the social changes Furleun, from Shanghai.

Vendor, from Shanghai. Murataso Ichiro Fukudakan Nihongokal, from Tokyo.

Ellis Bennett, Kowloon, from

Safe Deposit Boxes (varla ainen) a yearly grading sizes more regularly, The which may have led to the increase actual distribution of coal from the in recent years are suggested by truck to the householder could be the report. "There is, for exam vastly improved, and if the use of ple," it is stated, "the spread of the coal for domestic purposes is to be habit of taking an early morning Yokohama, maintained or, as it may be hoped, cup of tea. There is the mid- Scanlon, Peninsula Hotel, from increased, the cost of diatributing morning cup of tea among domes Shanghai. it must be cheapened.

tir servants, shoppers, and bust-; Wyllie, Hong Kong Hotel, from Finally, Mr. Burrows pointed out ness women. There is the early Tientsin. that the industry must not look afternoon cup of tea in offices. outside for help, but must take the There is an increase of tea drink- from Tientsin.

Chlen Yu-ming, Kowloon Hotel, necessary steps itself to remedy its ing among manual labourers, in Jullung, from Shanghai. awn defects and overcome its own the place of alcoholic beverages. difficulties. The days of isolated More tea is brewed than is requir- individualism had gone, and CO Bank-Notes seemed Average amount Yen, 1,000,000 operation between all parties was and in spite of the custom of add- od and the residue is thrown away, BRANCHES AND 10ENCIES, JAPANI-TOKYO, Yokohama, Kobe, Osaka. vitally necessary. Once those con ing hot water for a second cup, a FORMOSA 1-čina, Keg, Karenko,

Makang, Nanio, Bhäcklig, Tunas, cerned in

that great

basic fresh 'pot is now made by many Talo, Tersen, Town, Raso, Tatto CILINA :—Bhanghai, Efahlow,

were convinced Fohow, Industry

who some years ago would have this, Once they Bat down manipulated the original brew." OTHERS-Hong Kong Singapore, Bowraba together with a whole-hearted de-

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

Central Bank in Formoes.

Bwalow, Canton

Bemarang, Batavia,

Argy

Bombayz

London, "How York, Deleva

LONDON BAXEEKS.

•

King,

Caloutte

of

The United Kingdom takes, for termination to overcome the many domestic consumption, one-half of The London County Wasimiosier and Pary's Bank. difficulties that would present the total annual production of tea.

The Bank hae Correspondant in all the principal į themselves, there Was no doubt Commercial Centene throughout the world.

HONG KONG BRANCH)

I. KAGUBA.

5. De Vaux Bond CaroPAŽ. Hong Kong, 18th Jaanary, 1983

OUR

LADIES' TAILORING

DEPARTMENT

undertakes to `execute orders

FOR MAKING DRESSES & GOWNS on latest styles with-

in 18 hours,

This market, therefore, as the re-

that a way would be found to export points out, is of exceptional] tricate the trade from Its trouble importance to the industry. and restore the prosperity that was 30 sorely needed.

It is complained that the con- sumer is kept in ignorance of the origin of the teas used in tho blends which he buys, so that he cannot exercise voluntary pre- ference for the Empire product.

The Winnipeg Real Estate Board reports the following from its 13th annual survey covering the year 1930:-A total of 85,383 houses with only 1.6 per cent vacancies; a total of 10,414 suitea with 10.4 per cent. vacancies (this includes auites in apartments under construction at time of aur vey); house vacancies since 1918 have only been very slightly low-│.

The British Empire, according to the report, has become the tea garden and tea shop of the world. Nearly five cups of ten a day are drunk per head of the population in the United Kingdom.

er in four instances, New houses The Burlington Steel Company, constructed In 1980 total 520. Limited, has absorbed the Cana- New apartment blacks construct-dian Metal Products Company of hed in 1930 total 16, having 258 Cuolph, a subsidiary of the Steel suites. In house construction this & Tubes Inc., of Cleveland, the | total has only been exceeded three plant and equipment being moved.

times in the same period.

to Hamilton immediately. This will now be added to the tubing! Winn Winnipeg's Intent Industrial ad- division which will be in 'a poal- dition is the Red, River Products, tion to supply a complete range Ltd., a new organisation formed of butted add brazed hard steel to manufacture various lines of tubing. This product in absorbed heating and ventilating equip principally by the bedstead and

fencing companies,

LOVELY SILK STORE

No. 2, Stanley Street. Tel. 22100. (Adjoining. D'Agullar Street,)

ment.

F. V. JENSEN,

Superintendent. Hong Kong, April 29, 1981.

ALEXANDER'S INSTITUT DE

BEAUTE

For the best Permanent Finger and Marcel Waves. Hair Cutting and Manicure for Ladles and Gentlemen. Fedder Bldg. 1st floor. Room 5, Tel. 25169. Opposite entrance HK, Hotel.

YOU

ARE INVITED TO INSPECT OUR STOCK OF ASIATIC FOREIGN AND...

COLONIAL

POSTAGE STAMP

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

GRACA & CO.,

Dealers in Postage Stamps, Philatelic Goods, Picture, :

Postcards, Toys, dc.

10, WYNDHAM STREET. P.O. Box No. 620. HONG KONG.

CLAREMONT

PRIVATE HOTEL.

Austin Road, Kowloon. (Facing the Kowloon Cricket Club. Four minutes from ferry by bus.)

Suites of rooms (single and double), hot and cold water system, all modern sanitation, private bathrooms attached. EXCLUSIVE TABLE entirely under European management.

Hotel has a splendid aspect in one of the fliest locations in Kowloon, away from noise, yet easily accessible, Terms very moderate.

Reserva-

tions by letter or cable.

CLAREMONT

Tels.: 57380 & 67385 (Private), Telegraphic Add.: "Fern" H.K. Our motto is "SERVICE."

PHOTO-SUPPLIES

Kodaka and Cameras. Films, Plates and Papers, etc. Developing, Printing and Enlarging. ZIESS and BUSCH FIELD GLASSES

Price Moderate.

A Trial Order Is Solicited.

A. SEK & CO.

Tel. No. 23459.

28 A. Des Voeux Road, C. Hong Hong.

AH KWAI

SHIP

HOUSE

and PAINTER

GENERAL CONTRACTOR. Formerly at

30, Pottinger Street HAS NOW REMOVED

ΤΟ

82, LOCKHART, ROAD, WANCHAL Telephone.22049.

COASTWISE

by

"ALGIE" BENNETT,

An interesting book of Cartoons depicting "Happenings" on the China Coast

PRICE $1.00.

Now on sale at

BREWERS

WHITEAWAY, LAIDLAW EXCELSIOR BOOK STORE. and at the Publishers,

The Newspaper Enterprise, Ltd. China Mail Buliding,