1931-05-12 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorland Capital, en 180,000,000 Issued and Pušly Pull-up me $10,000,000 Reserva Ponda -

Ferling.......... £8,500,000

Aiteur

...............$10,000,000

Most Liability of Propristors

HEAD OFFICE: HONG KONG,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON.

Paid-up Capital

Resorve Liability

prietors

Pro-

agencies and Branches:

THE HO HONG BANK, LTD.

(Established 1917.)

... $20,000,000

MARD OF DIRECTOR:

Reserve Fund

ALON STAR

(Malay Blaten)

AMRITSA

Hon. Mr. O. (1. 8. Mackia. Chairmas.

4. Mr. J. J. Paterso

Deputy Chairman.

. H. Ball Fa

T. F. Parem.

H. Compton. Haq, J. A. Planımər, Paq,

B. Lander Lewis, Eng. T. II. B, Phaw, Esq.

41. Mike, Eng.

J. P. Warren. Parl.

Chief Manage.

V. M. Greys, Eaq.

BRANCHES

BANGKOK

LATAVIA

DOMBAY CALOUTTA

CANTON CAWNPORE

Okau

COLOMBO

DAIREN (Doing

Bouth Manchuria)

DELHI

AMOS

BANUKOK

BATAVIA

ROMRAY

CALCUTTA

CANTON

CHEFOO

CULUM NO DAIDEN FOOCHOW HAIPHONG BAMBINO HASBOW

HIGNOREW

ILOILO

Iron

JONIONE

AUFE

KOWLOON

SUALS LEMTUN

LONDON

LYONH

MALACCA

BIANILA

MUAR Jobore!

MUKDEN

NEW YORK

PEIPINO

VERANG

RASOCON

AIGOS

MAR FRANCIS

ዜ

MANOSTA

KENGAPORE

NOPHABAYA

HUNGSI PATAM

TURNTKIN

FOR YO

PRINUTAD

YOKUUAMS

Curent inte opened in Local Custery A Find Puponita Prewired for one yua or +25 pertude in Goral Cavemany and Sterling lech will be quosad na application. Hong Kong, 29th February, 1981.

HONG KONG SAVINGS BANK.

The June of the above flank le conduct- by the HONG KONG AND SHANGHAI BANKING CORPORATION, Holm be obtained on appltration...

FOR THE HONORING AND SHANGHAT BANKING CORPORATION,

V, X, ORAYBURN,

flong Kong, 14 July. 1950,

Chief Managar

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

16. Boulevard Haussmann. Paris.

Subscribed Capital Frs. 72,000,000.00 Paid-Up Capital...Frs. 69,400,000,00 Reserve Funds ....Fr.102,000,000.00

Mengize

BRANCHES: Bangkok Hong Kong Quinhon Battambang flue

Saigon Cantho

Shangha!

Thanheu Tientala Tourano

Canton Nam Dinh Singapore

Djibouti

Noumea

Fort Bayard Papeete

Haiphong

Peking

liankow Pnom Penh Vinh

Fondicherry Yunnanfu BANKERS:

Hanoi

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais: Banque de Faris et des Pays-Bas; Credit Industriel et Commercial; So- ciete 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.: Freach 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,

Manager.

Hong Kong, 1st May, 1929.

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

HAIPHONO

HAMBURO

BANKOW

BARBIN

HONG KONG

ILOILO

THE CHINA MAIL.

Commerce

Finance

and

HEAD OFFICE:-8INGAPORE. 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 ... Reserve Liabilities .£3,000,000 of Shareholders. Surplus

D

8,000,000 4,000,000

EASTERN

OUTLOOK.

TRADE

A

4,000,000 2,520,000

Signs of Better

KUALA LUMPUH

Prospects.

KECHING

MADRAS

MANILA

MEDAN

NEW YORK

PEKING

PENANG

BANGOON

BAIGON

SEMARANG

SEREMBAN

SHANGHAI

SINGAPORE

BOUKABAYA

[N. Manohuela)

TAVOY

TOKYO

1PON

RABACHI

RLANO

RODE

KUALA KANGSAR

(Park P.M.A.}

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

Every description of Banking and Exchange business transacted.

TAN ENG HOOL,

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING BOCIETY)

BANKERS.

www

TAIPING (F.3.8.)

TIENTSIN

PONUKA

{Bbuket)

TRINGTAO

YOKOHAMA

ZANDUANGA

(Philippine Iluzda)

Established 1878,

Mang Kong Ofice:-il, Queen'e Blood Central.

Authorised Capital

Glider 100,000,000- £3,500,000.) Pald-Up Capital ......... Guld 10,000,000

[20,000,179 Beserta Fund

........ Guildare £8,016,000 (20,684,383) HO:—AMSTERDAM.

Foreign Exchange and Banking business transacted.

Gonura!

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.$224,554,293

Branches in

ARGENTINE LONDON

YELGIUM

BRAZIL CHILE CHINA COLOMBIA CUBA

MEXICO

PANAMA

PERU

*HILIPPINE

ISLANDS

STRAITS

PORTO RICO

DOMINICAN

REPUBLIC

INDIA

ITALY JAPAN

SETTLEMENTS URUGUAY VENEZUELA

Commercial and Travellers' Letters of Credit. Travaliers Cheques, Bills of Exchange and Cable Transfers Lought 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 also of The National City Bank of New York (France), 8.A., in Faris and Nico.

F. McD. COURTNEY,

Manager. Hong Kong, 20th February, 1831.

THE

AMERICAN EXPRESS COMPANY, INC.

Head Office: 65, Broadway. New York.

Capital

Surplus Reserver

U.S.$5,000,00 U.S.31,572,454 U.S.$1,008,209

BRANCHES

Amatadum Antury

Aibena

Bania

Darile

Plants

Bombay

Bremen

Banda Dlugow Haraba Hamburg Детго Interlaken Jerusalem Lido

Hasonl

London

Nico Кар Plaz Purla

fuking Palermo fotterdam Rome

Bonus Airm Ilverpack

Bamboui

Calautte

Caber

Liuosena Lugano Lutor Marss/Ele Stotte Carle

Bt. Korte

Kanila

Stupio Ploutreur

F

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

Caire .......Yen 115,000,000

Head Office:-YOKOHAMA.

Alexandria

Batavia

Berlin Bombay

Branches and Agencies at:

Manila Nagasaki Nagoya Nawchwang New York Daaka Pelping Rangoon Fongtien (Mukden) Rio de Janeiro Hamburg

Son Francisco Seattle Hankow Harbin

Calcutts Changchun

Dairen (Dalny)

Kong

Honolulu

Kai Yuen Karachi Kobe

London

Singapore Boerabaya Sydney Tientsin Tokyo Tsingtau Interest allowed on "Current Ac- counts.

Los Angeles Lyons

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

'H. MORI,

Manager.

Hong Kong, 11th April, 1981.

Colombe

Cominopla Copenhagen Ellsburgh

Shaoghal Southamp

Biopapons

Twakels VALDS

Triton Kkohama Zorică

Florshe Ovorts

Branches 01 American Exproa Company in Principal cities of Unit ed States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Personal investment handled.

Wellaweden.

TUESDAY, MAY 12, 1931.

NATIONAL DEBT.

YEAR'S DECREASE OF OVER 31 MILLIONS.

A White Paper return issued on March 20, shows that on March 31.

DUTCH INDIES TEA. 1930, the National Debt stood at

FUTURE REGARDED WITH

With

FOREBODING.

1

E

Loan

Funded debt decreased by £22,281,892 to £1,456,005,799, and floating debt by £99,930,000 £637,415,000.

£1,300,000 DROP.

IMPERIAL CHEMICAL

PROFIT.

Tho directors of Imperial Chemical Industries announce that the gross profit for 1930 amounts to £6,129,767. After allocating a

sum

£7,469,038,811,

decrease of $31,298,843 on the total at March

of £500,000 to'obsolescence 31, 1929. Of this total, £1,074,168,- reserve and providing £150,365 463 was external debt, a reduction for income tax, as against £575,478 of £10,525,795. External debt con- end £146,653 for 1920, the net pro- In their general review of sists of:-

fit amounts to £4,479,392, which Netherlands-Indin teas in 1930 tho United States of America Govt compares with £6,780,208 for 1929, Ton Export Bureau," Batavia, re- ernment loan, $4,426,000,000 (at a decrease of £1,306,816. With There now appear to be some marks that, taken as a whole, re-$4.36 2-3 to the £)-909,452,055; £349,926 brought forward from indications of rather better, prossults might have been still more 5 per cent. 20 year bonds 1937, 1929, less dividends paid in rom- pects for trade between Britain unfavourable than proved to be the $143,884,000-£29,503,562.

pect of further shares exchanged Manager.and the Far East, particular case. At the beginning of the year Loans from Franen, £58,500,000; since the date of the last balance- ly in the manufactures of the Mid- all producing countries were faced Russia, £60,000,000 and Italy sheet, the total profit available is lands and the North, including with an extremely weak statistical £21,700.000; together £136,200,000. 14,823,318. No allocation has been machinery. So far the improve position, and, in consequence of American loan--$13,850 convert- made this year to the general ro- ment does not seem to have gone this, various proposals as regardsed bonds at 4% per cent, repay- serve, as compared with £629,020 very far, and the most that can restriction were most carefully able October 15, 1930-40 (at par| allocated last year. Of the total he said for it is that the tendency considered. A scheme was oven of exchange, £2,846,

́proft available, the directors have of trade is upwards. There has tually drawn up, and the conse- The loans from France, Russia decided to carry forward to 1931 also been a little more Inquiry quent diminution of production and Italy may be regarded as £658,483 (an increase of £303,557 lately on account of Bombay. hna held the position mara available to be set off against | over 1929), leaving £4,169,895 which Was Bhowing itself be- or less stable; wherens, if ΠΟ debts owed by same Governments available for distribution to the fore the 'political asttlement endeavour had been made to cur to Britain.

shareholders. Wae announced, and merchants tail supplies, the market would un- · The National Debt Commission- Į After providing £1,654,554 for are hoping that the

settle doubtedly have been in a disaners hold. until drawn or paid off, the dividend on the preference ment may be reflected Initrous state.

£104,408,640 Funding

shares there remains £2,615,281 better

commercial conditions Eastern Head 05:BATAVIA,

the diminished buying (£1,493,430) and Victory Bonds for the ordinary shareholders. later. BRANCHES (– Bandjartonain, Bandong, Bombay,

Political developments power of the large consuming (£102.915,210) tendered for death An interim dividend of $ per cent. Caloutta, Charbon, Dimb. Dia since the agreement have, however, public, cheaper grades of tea have duties. An item among unfunded

on the ordinary shares was paid jakseta", The Hagua", Jaddak, Kobe, Kote-ladja, Mainsar, Medan, Padao been regarded 48 disturbing. been more in demand, and it is to debt which provokes curiosity la

on October 8, 1930. The directora Palambang. Pakalongan, Trade with Australia continues to be feared that this will continuo £50 "loans from individuals with have decided to recommend a final Pontianak, Tangoon, Rollardan Bemarang Exaoghal, Diboles be almost entirely one-sided. in the future. The industry may (Bumala), Hingapore, Bourabala

out interest."

dividend on the ordinary shares of Boerakaria (Gols), Legal, Tillajap andArrivals of commodities such be considered fortunate, so far, in

3 per cent., making 6 per cent. 31 wool, hides, skine, and comparison with most other world

for the year (compared with 8 dairy produce have been products, which have suffered from

per cent. last year), less tax, pay. large, and the season for apple a greater depreciation in values.

able on June 1 to the sharehold- shipments, which in past years During the last quarter of the

ere on the register at April 16. have assumed big dimensions, is year buying for the Australian

An the deferred shares do not rank now beginning. The formidable market was affected by the finan

for dividend until the ordinary discount on Australian exchange cial position of that country. Fur

shares have received 7 per cent.. is, of course, much assisting the ther, in consequence of a duty of

Board Reports Better no dividend is payable on this export of Australian produce to 4d. per pound being placed on all

Results.

class of share for the current beth Europe and the Far East, tea imports in November, there

year, and is helping the Commonwealth was a noticeable lack of demand Cammell Laird and Co., the ship- to meet competition from other for good quality brokens, except at builders and engineers, of Birken- countries, although the level of a considerable reduction in price, head, reports a profit for 1980 of prices is low in comparison with while, on the other hand, buyers £28,023 after allowing for deben Reorganised October 26, 1928, under that of recent years. At the same were more actively interested inture interest and depreciation, special charter of The National Gov- time exchange depreciation is, of medium and common brokenThis representa an increase of ernment as an

course, seriously restricting ex-grades.

| £16,274, The improvement is as- INTERNATIONAL EXCHANGE ports to Australia, and the

The situation at the opening of cribed to the good results obtained volume of

export trade seems the year 1931 presents a period of by the Birkenhead shipyard, as in- to be even lower than Subscribed Capital....$25,000,000.00 now

very great uncertainty, and the cume from investments fell off This ..$24,710,200.00 hitherto,

limitation Paid-Up Capita!

future can only be viewed with Nevertheless, in consequence of Reserva Funds

foreboding. The question of out- the depression the volume of the shipping lines, which, apart from

puts will be a vital one, and it is orders dropped heavily at Birken- having to keep tonnage laid up. have been obliged to dispatch ves markets will show a further expan-

to be hoped that shipments to out-head as elsewhere.

The extension of the date for sels the long distance to Austrasion, in order that terminal mar- repayment of the 5 per cent. first lin in ballast in order to load pro-kets (London and Amsterdam)}mortgage and 4% per cent. deben- duce homewards-some of it at

may be relieved of shipments ture stocks was agreed to on the which find their way there when following terms:-One-half of the

Mr. A. H. Stockley, has been ap- pointed a director. The dividend out-markets are weak. It is more amount, outstanding at July 1, on the £1,225,225 6 per cent. cumu- necessary than ever, the review 1930, of the 41⁄2 por cent. debenturelative preference capital is in ar- concludea, for all estates to en.

stock was repaid at 1022. The rear from June 30, 1926, Auditors deavour fully to maintain, or im- other half was renewed for five comment that value of the invest- prove, the general standard of Java years, the rate of interest being ments is in excess of the present tea.

raised to 6 per cent, and the re- Valve.

• These offoes have safe deposit batue to be. London Dackers:-National Provincial Bank Ltd. Correspondanta all over the world Banking business of y Ameription trauraoted.

4. STOREINK.

Koling Manager.

Hong Kong, 18sk Augus), 1983,

THE BANK OF CHINA. 行銀國中

BANK.

in-

$ 3,820,503.82] tensifies the difficulties of the

HEAD OFFICE: SHANGHAI,

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

Owing to our numerous branches in rates of freight much reduced by China and large connections in the im- the adverse exchange.-Ex.

the Portant commercial centres of world, we are able to extend to our clients special facilities for domestic and foreign banking and exchanges.

We also handle the issus of Bonds and other Public Funds of the Chin- cse Government both at home and abroad.

SHOU J. CHEN,

Hong Kong, 5th March, 1931.

Manager.

HOME AND COLONIAL.

Dividend. Maintained at 25 Per Cent,

The accounts of the Home and [Colonial Stores for the 52 weeks ended January 3 last, which were posted to shareholders on March

THE BANK OF CANTON, LTD. 20, show a proft af £688,938,. ny

Established 1912.

Read Ofce:--Hong Kong. Authorised Capital (I.X. Curray) #1,000,000 Faid-Up Cepilachters ROMITE Fund

BRANCHE-

Canton, Shaozkal,

8,065,020 1,100,000

Hankow, Bwalow,

compared with £576,284 for the 59 weeks ended January 4, 1930. The sum of £140,511 (against £131,942) brought forward, so that there is a total available for distribution of £729,449, as compared with

Bangkok New York and Ran Franci£796,124. the latter including

CORRESPONDENTH

LONDON BANKERS :—

The Lloyd's Bank, Lized

ja e principal edules of the Work

Forsign change and bankina burinses of every description transaciad,

Bafe Deposit Boxes Craziora slang) sa a posztj venial of Armen $5 in $10,

LOOK POONG SHAN,

Chief Manager.

£87,917 received from Meadow Dairy In respect of the final divi. dend of that company for 1928.

Dividends on the 6 per cent. pre- ference, 16 per cent preferenco and 15 per cent, ordinary absorb £129,000 (same), and an interim dividend of 10 per cent. on the ordinary takes £158,097 (same). The staff sick fund receivea £5,000

THE BANK OF TAIWAN, LTD. | (against £10,000), and the staff

(TAIWAN GINKO,)

benevolent fund *£5,000 (against nil). The income-tax provision is HEAD OFFICE:--Talpeh, Formosz£2,000 lawer at £14,000.

Incorporated by Special Imperial Charter, 1899.

The directors recommend a final dividend on the ordinary of 15 per cent, making 25 por cent., which Is the same as for the previous the carry-forward is

year, and accounts

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

Agillated with

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

C. IL. BENSON.

General Manager.

THE BANK OF EAST ASIA, LTD.

Established 1918..

HEAD OFFICE:

10, Des Voeux Road, Central.

HONG KON

Capital and Burplus

over, HLS 8,000,000,00

--over HL.$30,090,900.00

Total Resources

transac

description of Banking and Frchange bunineSE

Currant and Flood Des Accounts in local and for

correnzier

Boxes.

TONG PO

Central Buck in Fortok Back-House und Avsenge amount ...Ys 48,000,000 BRANCHES AND AGENCIES: JAPAN:--Tokyo, Tokabema, Zola, Owska. FOAMOR, Zagi, Karako

Makong, Kanto, Säinakiku, Taloka, Talonii, Takso, Tamil, Tous, Heli Taita c1HNA-Ehanghai, Haw ÁT,

£181,205. For the previous year £105,369 was placed to general re- aerve. This fund totals £3,000,000, Yooshow, which is equal to the capital: Mr. OTHERS-Ho Kong, Bingapors Bowsher T. W. Davidson has retired from

Bumerang Besaria, — Hambay,・・ Calorie, London, New York, Delen

the board.

Batow, Ussion.

CH LONDON - BANKRDS.

The London County Westrination and Pser's Bank,

The Bank has Comraspondante in all the primalpal | Commercial Centres ikroughes)

world L. XAJURA.

·HONG KONG BRANCH:

2%, Dự Vaux Boad Classes). Hong Kong, 19th January, 1838

OUR

Meadow Dairy,

The Meadow, Dairy Company's profit for the year ended January 8 last, including dividends of sub- afdiaries, amount to £279,282, es compared with £277,916, to which ls added £20,492 brought forward, an against £20,414, making a total available for distribution. $299,775 (£299,830). The reserve. fund again receives £25,000, and the allocation to the staff fund le unaltered at £20,000.

of

A final dividend of 20 per cent.

LADIES' TAILORING 1 proposed on the preferred

DEPARTMENT

7

undertakes to execute orders FOR MAKING DRESSES GOWNS Intest styloo with In 16 hours.

LOVELY SILK STORE

· N6, 2. Stanley Btrast, Tel. 22109, Adjoining Arellär. Stres)

ordinary and ordinary shares, maki lag 80 percent, in each case (same);

£21,987.

The carry-forward.

Mr. T. W. Davidson having re- signed ble seat on the board, Mr. HE. Wells has been appointed to All the vacancy, is th

COMING 177

TIMAGINE

CAMMELL LAIRD.

to

A new Industry is to be added io Moose Jaw in the form of a rist and flour mill, to be erected early this Summer at a cost of about $25,000.

demption price to 110.

The whole of the outstanding 5 per cent. first mortgage stock was renewed for five years, the rate of interest being raised to 51⁄2 per cent. and the redemption price to 110. It was also agreed to Increase the redemption price of the 5 per cent. (junior) debenture stock to

110.

SUNDSTRAND

FOR

SPEED

ADDING-SUBTRACTING

SIMPLICITY

RELIABILITY

ACCURACY

COMPACTNESS

MACHINES.

Sole Agents:-

DIAL 28021.

For our

f

representative to

demonstrate its

...

powers in

your office.

DODWELL & CO., LTD.