1931-05-13 — Page 2

THE CHINA

BANK S

HONG KONG AND SHANGHAI BANKING CORPORATION.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858,

HEAD OFFICE: LONDON,

Paid-up Capital

THE HO HONG BANK, LTD.

(Established 1917.)

Anthorland Capital.......... tasund and Pully Paid-up

$5000.000 .......... $20,000,000

Reserve Funde

Ntarling ----- Bver

$10,000,000

Beer Liabilly of Proprietors. $29,000I, TICHO

BEAD OFFICE: HONG KONG.

BOARD OF DIRECTORA:

Una. Mr. C. . . Markia Chairman

Ion. Me. 2. 3. Patarson.

Deputy Chairman,

W. B. Bell, Bay. T. E. Pra, Eng

A7E Complen. Eng.

J.

A. Plammer, Raj

B. Lender Lewis, ding. T. 1. B. Khaw, Erę.

0. Miskia, Esq.

AMGY

MANGKON

HATAVIA

BOMBAY

CALCETTA

J. V. Warran. Vagy

Chiel Manager.

F. M. Grayburn, Mag.

BRANCHES :-

LANDOM

LYONS

MALACCA

MANILA

MUAB (aheruk

CANTON

MORDEN

CHEFOO

NEW YORK

COLOMB

FEIFING

DAIREN FOOCHOW

HSPRING

BAMERUNG

HAARDW

BABBON

HOSOKEW

[FABULAJ

10

JOHONZ

KOBE

KOWLOON

KUALA LEMPER

PENANG

BANCHON

SAIDIN

HAN PHANCING

SHANOITAL.

NEMCAPULE

KINABAYA

NUNORI PATANI

TIENTHIN

TUKYU

ISINULAU

YOKOHAMA

futrent Arauale eposed in Locat Currency ana Piand Deposite received for bas your or escer penola in Saocal Currency and Hering wich will be quuled on appitation.

#Ex Kato, tis February, Įval,

HONG KONG SAVINGS BANK.

The Business of the sbors Back 'is condues; ed by the HONG XING AND SHANGHAI BANKING CORPORATION. Rules ay he plained an application.

FOR THE HONGKONG AND SHANORA! BANKING CORPORATION.

V. M. HAYRUNN.

fong Kong. 10th July, 1990;

Chief Maunger.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96. Boulevard Haussmann, l'aria.

Subscribed Capital Frs. 72,000,000.00 PAL-Up Capital . Fr. 68,400,000.00 Reserve Funds Frs. 102,000,000.00 BRANCHES.

Bangkok Hong Kong Quinhon Battambang I

Saigon Shanghai Méngtze Cantho Canton Nam-Đinh Singapore

Neurnea

Thanhea

Djibouti Fort-Bayard Papecte. Tientsin Haiphong Peking Touranc Hankow Pnom-Tenh Vinh

Pondicherry Yunnanfu BANKERS:

Hanoi

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 National Provin- cial & Union Bank of England, Ltd.; Comptoir National d'Escompte de Par; Credit Lyonnals.

IN NEW YORK: J. P. Morgan & Co., French American Banking Cor- potation: 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 transneted. Safe Deposit Boxes to let

A. LECOT,

MAIL.

Commerce and Finance

EUROPEAN TARIFFS

£3,000,000

Reserve Fund

£4,000,000

Reserve Liability of Pro-

prietors

£3,000,000

Agencies and Branches:

Reservo Liabilities of Stareholders. Sarplus

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

Authorised Capital Straits $20,000,000 Issued Capitali

8,000,000 Paid-up Capital

4,000,000

4,000,000 2,520,000

+

AUSTRIAN EXPERT ON BRITISH NOTE.

ALOR STA

KUALA LUMPUR

Hlasen)

KUCHING

ДАХОЛОК

MADRAS

BATAVIA

BOMBAY CALCUTTA CANTON

CAWNPORE

CEAU

COLOMIO

DAIREN (Delay

Houth Maschuela)

DELMI

RALPHONO HAMBURG KANKOW

HARKIN

(N. Manchuria)

HÔNG XONG

IPET

ILCHLO

RAILACTII.

KLANG

KONE

KOALA RANOBAR

(Perak P.M.B.i.

MANILA

MEDAN

NEW YORK

РЕКСКА

PENANO

HANOOUN

RAIOON

BEMARANG

• BEREMDAN

HANGHAI

SINGAPORE

NOU NA DAYA

TAIPING (F.M.B.)

TAYOY

TIENTSIN

TOXYD

TOROKAH (Bhuket)

TSINGTAO

YOKOHAMA

ZAMBOANGA

(Philippine Islands)

Foreign Exchange and Banking business transacted.

General

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, 1929.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York.

Capital, Surplus and

Undivkled Profits ..U.S.$224,654,298

Branches in

ARGENTINE LONDON

BELGIUM

BRAZIL

CHILE

CHINA

COLOMBIA

CULUI

CUBA

UDA

DOMINICAN

MEXICO

PANAMA

PERU

PHILIPPINE

ISLANDS

PORTO RICO

STRAITS

REPUBLIC

INDIA

ITALY JAPAN

SETTLEMENTS

URUGUAY

VENEZUELA

Commercial and Travellers' Letters of Credit, Travellers Cheques, Bills of Exchange and Cable Transfors 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 also of The National City Bank of New York (France), S.A., in Paris and Nice.

}

Manager.

F. MeD. COURTNEY,

Hong Kong, 20th February, 1931.

THE

AMERICAN EXPRESS COMPANY, INC.

Hend Omer: 65, Broadway. New York.

U.S.$0.000.000 U.S.$1,572,464

.U.S. 1.008.209

Manager.

Capital Surplus ileservos

Hong Kong. 1st May, 1929.

BRANCHES

dilestardam Autwory

Павод

Kilasyo

НАТАЛЬ

Hainburg

Nice Saplas Pir Fr

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

Athear

واسعة

Berlin

Посаку

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

Cairo .....Yen 115,000,000

Head Ofce:-YOKOHAMA,

Branches and Agencies at: Alexandria

Manila Nagasaki Nagoya

Batavia Berlin Bombay Calcutta

Canton

hangchun

Newchwang

New York Osaka

Feiping Rangoon

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

Hankow

Harbin

Hong Kong

Honolulu Kai Yuen Karachi

Kobe

London

San Francisco Seattle Seattle

Semarang Shimonoseki

Singapore Soerabaya Sydney Tleatsin Tokyo Lyona

Tsingtau Interest allowed on Current Ac-

Los Angeles

counts.

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

H. MORI,

Mannger. Hong Kong, 11th April, 1931.

THE BANK OF

Bracont

Junts Liuean Atro

Calruits Counse

Colombs

Have laserbas Juunha Lidu Loodaa Literpool Impe Lugano

Lukor Marilion

Couple Foot Carlo

Copenhagro

Edinburgh Plura Guzers

Stanila Kunick

antrans Mika

Feting Palermo Busserdam Home Bambol

Shanghai Southamptos

reportת וא

NL, Martis Trenkuba

Femida Takobara Zurich

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

All classes of Commercial Banking Transactiona undertaken.

Personal handled.

investment

accounts

The Company offers to intending

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

Exchange business transacted.

TAN ENG HOOL

Every description of Banking and

Manager.

NEDERLANDSCHE HANDEL--

MAATSCHAPPIJ, N.V.

INETHERLANDS TRADING BOCIETY)

DANKERS.

Establisbet 1934.

tang Kong Offor:−11, Queen's Bond Contest,

Authorised Capital Guilders 163,000,000

(219,650,000.) Pald-Up Caplial

.......................... Ballders 86,090,00% (26,600,370) Leserve Fund

Ouidare 40,014,000 {CK, KAB)

BANK CRITICS.

AMUSING RESULTS OF A "CENSUS."

"

WEDNESDAY, MAY 13, 1931.

"BIG TEA SUPPLIES.

A CALCUTTA PLAN FOR RESTRICTION.

It is difcult to view the future of tea with any material degree of optimism," say Messrs, Heath and Co., (Calcutta), Ltd., in their report on the Calcutta ten reason, 1930-31. "It is almost incredible, supplies at present being so much in excess of demand, that producers have not yet formulated any definite achemo with regard to restriction in the future," continues the report. "We "The recent action of the Board

the are given to understand that, with of Trade suggesting the 25 per cent. subject of what people do with their new areas shortly coming into bear- reduction of Continental Customs on money has just been conducted bying, the already excessive supplies

is British commodities

to Lloyds Bank. Among other things are likely to be considerably sug- due Intrinsic

mented during the next few years. well

tactical it shows that 250,000 children are del to That is the view express- now customers reasons."

"We cannot of the big banks,

at the moment see from whence any additional demand ed by a prominent Austrian au- thority in a leading article of the The investigation proves that can materialise. India itself Neue Freie Press. The writer de women are more inclined to save I perhaps the most likely country

of the British than men, at least among those from scribes the action

which any appreciable in- Government as an “attack of Bri-] whose carned incomes are small, and crease in consumption may be ex- tain's commercial policy."

8

In view of the decreased British exports to India, China, Egypt and even to South Africa an increased Importance is now attached to the

An interesting census

on

having their own savings accounts.

pected. Until its financial position improves considerably. Australia

will be unable to take a very much larger quantity of tea, while Rusala is too uncertain a market even to speculate

itaclf la upon. Russia reported to be planting out large areas of ten in the Caucasus.

"That the position must eventual- ly be righted is inevitable, as no commodity can continue to sell below the cost of production for‘a very prolonged period. The celeration of this recovery, however, in our opinion lies entirely in the hands of the producers.

that townspeople are more inclined to save than those in the country.

Some of the answers to the ques- tionnaire provide interesting and amusing commentaries on modern | European markets, says the Vienna conditions. To the question, "Have correspondent of the Financial you a suvings account?" some Head Oos-AMSTERDAM*

Times on March 21.

answers were: "No, I hand it over Easter Bead Ofon:-BATAVIA.

Apart from these economic rea-to my wife:" "I used to have one, BRANCHES 1- Bandjarmaslo, Bandoang. Bombay,

Oslcutta. Gration, Dismber, Diksons the Labour Government has to but I drew it all out;" "I can't be jakaria". The Kagon". Jeddah, ob face the prospect of the Conserva- bothered." Ono, from a woman, is Koin-Nadja, Makamer, Madea, Padang

Palembang, Pekalongan, Penang, tive adopting a protectionist pro-typical of many; "Not likely; I like Potilasak, Bazgoon, Bosterdam", Бытова Shanghai, Bigramme at the next general election, to know where my money is and (Sumatra), Blagapons,

Bourbalsand it is considered possible that keep it by me." Bosiakuria (Bulo)," Tegal, Tjilsłup and Wet:arcode",

The reasons which induced people the present Government intends to check the protectionist movement by to start accounts are diverse: "For framing its own scheme advocating old age;" "For extra tips;" "A a reduction of tariff levels on the matter of form;" "Because my low and medium quality gardens Continent, in so far as British ex-sister had one;" and "Most other have been severely strained during port interests are touched.

• These des have safe deposit boxes to tak London Bankers-National Provincial Desk 243, Correspondenta all over the world Baking basics of newy deanripilots trazančted.

A. STOKKINK,

Rong Kong. 19th August 1980.

Vanager.

THE BANK OF CHINA. 行銀國中

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

INTERNATIONAL EXCHANGE

др

BANK.

The Chief Difficulty.

Post Office Popularity.

"The financial resources of many

people have one."

the past two years, and a further One reason is classic. "It seam-season of low prices will be more ed a good idea at the time." One

than a large number of companies In the opinion of the Austrian seems to have heard that before can possibly withstand. The only expert the proposal of the Board of somewhere.

Holution would appear to be 'drastic Trade may be considered as the

restriction for the coming season, beginning of commercial negotia-

with a further assurance that no tions. While, as a rule, such nego- In spite of the large number of

more than a specifled - maximum tiations are based on the principle new recruits obtained by the big quantity will be produced during of reciprocity, the Beard of Trude banks recently, the Post Office still the next two or three years. The has not yet indicated its own con- hold the major part of this class of decision to restrict for the coming cessions. That is the chief diffi- capital. The answers in this con-

season alone is, in our opinion, not culty of the present situation. nection are interesting and, in the sufficient to restore the confidence of The article then dwells on the main, hinge upon the belief that the the trade. Falling some Auch Subscribed Capital...$25,000,000.00 unknown intentions of the British bank have no use for small sanis, action, we can see no reason for ..$24,710,200.00 Government. It is pointed out that and upon fear of the ridicule of prices during the coming season Pald-Up Capital Reserve Funda

$ 3,820,503.82 as the most-favoured-nation clause bank clerks,

being any more remunerative to granted to Britain would auto- A few replies in this connection producers than those of the past matically apply to other nations, the are illuminating: "Banks don't season." British action is likely to mark-the bother with small people;" "I don't beginning of a general tariff reduc-like going into a bank;" "Should¶¶¶¶¶¶¶±Ø⠀⠀⠀⠀⠀⠀ tion on the Continent.

uncomfortable taking small In conclusion, the Austrian writer sums to a bank;" "Opened small ac- count once at a bank, but they were not courteous;" "Couldn't face bank clarks in my overnile they would laugh;" Can't understand cheques."

HEAD OFFICE; SHANGHAI,

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

Owing to our numerous branches in China and large connections in the im-uggests a closer co-operation of the Mid-European countries, headed, of portant commercial centres of the world, we are able to extend to our course, by Germany, in order to give clients special facilities for domestica collective answer to the British and foreign banking and exchanges. Noto.

We also handle the issue of Bonds and other Pablie Fands of the Chin- esc Government both at home and abroad.

SHOU J. CHEN,

Hong Kong, 6th March, 1931.

Manager.

THE BANK OF CANTON, LTD. Established 1912.

Head Office:Hong Kong-

Authorised Capitel (H.K. Currency Pald-Up Capital....... Heserve Fund

BRANCHES

17,000,000 6,155,500 1,100,000

Caon, atghal, Hankow, walow,

CORRESPONDENTS

LONDON BANKERS :—

COAL OUTPUT.

CLOSER CO-OPERATION STILL NECESSARY.

feel

One politically-minded man Im- proved the shining hour. "Banks," he declared, "are a menace to the financial balance of the country." Another went further, "You can't trust bank," he declared; while a woman wrote, "I have no account at a bank; my money might be stolen."

Speaking at a luncheon in Leeds

The salmon supply in British on March 25 Mr. A. W. Archer, Columbia will be maintained

for managing director of the South at time and the salmon canning Kirby, Featherstone and Hemsworth industry should Increase in value collieries, said that he was of the in the future, Major J. A. Mother- Bangkok, New York and Bad Frame opinion that the ery of coal shortage well, Dominion Supervisor of has been overdone. Here and there, Fisheries for British Columbia, there may have been a scarcity of states in his annual report. The a particular kind of coal, but he was record 1930 pack was 2,221,783 confident that the allegations of cases, which exceeded the previous general shortage cannot be aub record of 1926 by 150,586 cases. stantiated. Before the Coal Mines Act was even conceived there were | from time to time periods of short- age much more acute.

The Lloyd's Bank, Limited

to sil principal "tition of the World,

Foreign szobarge sad banking bustases of

ery deflon transested.

Bale Depot # rast of

LOOK POONG SHAN,

Chief Manager.

B (various almosì at a poły

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formoss.

it did not appear to be generally understood that the Act

did not Impose any limitation upon output. All it did was to confer upon the coalowners themselves power to re- gulate output in accordance with their view of the demand. Coal- owners had many sins to answer Bent Notes uued Average amount ... 400,000 for, but he had never heard it sug-

Incorporated by Special Imperial Charter, 1899.

Central Bank in Farmona.

BRANCHES AND AGENCIES 1

JAPAN:-Tokyo, Yokohama. Kobe, Daska

FORMOSA Orsa. Kag. Harenko,

Makour, Santo, Shibellin, Taloha, Takao, Tamani, Fose, Hello, Tain. CHINA Hantos, Amor, Toochow

Hwalow, Canion,

Travellers the use of its "Travelers | OIREER=Hong Kong, Bagapore, Soersbers,

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 Resources ..Over $2,500,000,000

C. H. BENSON,

General Manager.

EAST ASIA, LTD.

Established 1918

HEAD OFFICE: 10, Des Voeux Road, Central. HONG KONG.

Capital and Surplus

Total Resources

Semarang,

Batavia, Bumbay, Loodan, New York, Dairen.

LONDON BANKERS :

gested that they are so stupid as to refuse to raise coal for which there was a genuine demand.

Since 1926 there had been in- Clout,creasing need for closer co-opera- tion within, and better direction of,

The Loodan County Walimimer and Pa's Beak the industry, and by now the indus-

-comm

The Back has Correspondents in all the principal

Commerial Centrms throughout the world.

*L NAOUBL

HONG KONG KRAKER:

4. Doe Your Bead Castral. Doc Xong. 19th January, 1039

Мазари

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE :

14. Orceskurah Street, London. E.0.2.

The

Back

Baazkok

try should have been in a position to mobilise its resources so as to meet competition in any foreign market. Most of the time had been spent in composing internal differ- ences, and some British districts were no strongly individualistic that they could scarcely lisp the word "co-operation."

Stanley Riet of Neopawa, Man., Authorised Capital ....£3,000,000

WEB & Now which has given birth Subscribed Capital 1,800,000 Paid-up Capital

to 49 live pige 1,050,000

in one year, the Reserve Fund and Rest 1,068,845

facts of which he submita a letter BANKERS.

to the Free Press Prairie Farmer.: of England & Midland Bank, Lad.

BRANCHES.

On April 10, 1930, her litter num- Jpola

Saw Icek Panty

bered 18 on September 15, 1980, Fort Losia

her litter was 12, and February 26, 1931, she gave birth to 19. The sow is part Hampshire and part Yorkshire, and is in 'splendid condition,

Haris Bombay Calcutta Colombo

***** over HL.$ 8,000,000.00 over H.$80,000,000,00

Dalbi Ol

Every description of Banking and Exchange business transacted.

Current and Fixed Deposit Accounts in local and for- eign currencies, opened for clients,

Bavings Account, and Bats Deposit Boxes. 1

Branches and Agencies all over the world.

KAN TONG" PO.

Mi Chiot Manager.

How Toas

Hangin Shanghai

Xarschi Kota Bharu Koala Kes! Kuala Lipis Xosis Lemper Simla

Bourbeya

Madag) Bingsport

HONG KONG BRANDHL.

↑ Bracy dissipiion of Bucking sad Exchange buil moon transanta

Traveller Chaqosa Gitnad.

Trustee and Exsentorships under- " taken.

INTEREST allowed in Ourmani Ascends and 'Pized Deposits at Balor that may - be ancurialised

on application.

C.L. SANDES,

"Oxian's Bond Ovalea). •

Manager.

Hong Kong, 29th April, 1981.

COMING 7 ? Z

JUST MAGINE

COASTWISE

by

"ALGIE" BENNETT.

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

PRICE $1.00.

Now on sale at

REWERS

WHITEAWAY, LAIDLAW

EXCELSIOR BOOK STORE.

and at the Publishers

The Newspaper Enterprise, Ltd. China Mall Building.

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 finest locations in Kowloon, away from noise, yot easily accessible. Terms very moderate. Reserva- tions by letter or cable.

CLAREMONT

Tels.: 67380 & 57385 (Private). Telegraphie Add.: "Fern" H.K. Our motto is "SERVICE."

OUR

LADIES' TAILORING

DEPARTMENT

undertakes to execute orders

FOR MAKING DRESSES · &

GOWNS on latest styles with

in 16 hours.

LOVELY SILK STORE

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

RAZY

YOUR SAFEGUARD

in EVANS' Antiseptic Throat Pastillow. They keep colds at bay and give relief in cases of Coughs, Catarch, Broo chitis, oic

EVANS'

ANTIFAFFIC Max

Pastilles

From Chelaka arorys When Made la lingland so format or be Brunet Tarons MountART.

THE SAFE-CABINET & VICTOR

FIRE PROOF SAFES

Provide The Maximum

Fire Protection

Sole Agents:am

DODWELL & CO., LTD.

QUEEN'S BUILDING.