1931-05-20 — Page 2

THE CHINA MAIL.

BANK S

HONG KONG AND SHANGHAI BANKING CORPORATION,

Authorland Capital

-petrijanti akti sep- $50,000,000 Isaund and Fully Pull-up

30,000,000 Heserta Fonda-

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

HEAD OFFICE: LONDON.

THE HO HONG BANK, LTD.

(Established 1917.)

Alerting =44 v a

▲ 1,500,000 id,non,300

Kosure Idability of Propriators $30,000,000

HEAD OPPICE, TIONG KONG,

BOARD OF DIRECTORA:-

Hon. Mr. C. G. H. Mokia, Chairman.

Hen, M. J. J. Paternou. Deputy Chaleans.

Hon. Mr. . . Ball, T. E. Fearre, Eng.

A. H. Compton, Esq. J. A. Plummer. Eode

H. ander Lowla, Ear, T. 1. a. Nhaw, Eat.

-0. Miekis, Eng.

ANDY

DANOKON BATAVIA BOMBAY

CALCUTTA

CANTON CHEFUO

COLOMBO

DAIREX

FOOCHOW

HAIPHONE

TAMDING

HANAW HATAMEN JONUKEW

1101L0

trou

COLORE

ROWLA

1. Y. Warreu. Esq.

Chief anger.

M. Graybiera, Eng.

BRANCHEB:-

HA LUMPER

Sites Account

LONDON

LYUNS

MALACCA

MANILA

MUAN (Jabores

MURDER

NEW YORK

PEIPINU

PENANG

BANQUOS

SAMION

SAR PILANGISO

+1NGAPORE

FORRABAYA

SUNGEI PATANI

TRENIRAN

TOKYO

TSINGTAO

YOGUHAMA

27.14d 10 m Carpar ap su Fland Dropout rated for aus SELF UP sandar pardaan bod Curency and storing un ternie which will be quntud on applications. Hong Kong, ik Vebruary, 1955,

HONG KONG SAVINGS BANK.

The Haines of the boss Unok ja oondues. by the 10NG XUNG AND HANDHA BANKING CORPORATION.

ablated on application,

my br

FOR THE Hussigeno AND SHANGBA! BANKING CORPORATION.

V., GRAYBURN,

- fong Kong. 10th July, 1930.

Chit Siangor.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussmann, Paris,

Subscribed Capital Frs. 72,000,000.00 Paid-Up Capital ...!

..Prs. 18,400,000,00 Reserve Funds Frs.102,000,000.00

TIRANCHES: Bangkok Hong Kong Quinhon Battambang Hue

Salgon

Cantho Mangtze Shanghai Canton Nam-Đinh Singapore Neumen

Djibouti

Thanhen

Tiuntain Tourne

Fort-Bayard Papeete Haiphong Poking Hankow Pnom-Penh Vinh

Hano!

Pondicherry Yunganfu. BANKERS: IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnaia: Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; So- ziete Generale,

IN LONDON: The National Provia- 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,

THE YOKOHAMA SPECIE BANK,

Paid-up Capital

Reservo Fund

£3,000,000 ..£4,000,000

Reserve Liability of Pro-

prietors

Liabilities

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

Authorised Capital Straits $20,000,000 Issued Capital Paid-up Capital Reservo

..

**

8,000,000 4,000,000

£3,000,000

gencies and Branches:

of Shareholders. Surplus

ข

4,000,000 2,520,000

ALACH STAR

KCALA LUMPUR

(Mainy Katoes

KUCURO

MADRAS

MANILA

AMRITSAR

DANO HOK

BATAVIA

QUES MAY CALCIUTA

CASTON CAWNPORE

CEDU

COLUMBO

DAIREN (Daing

South Manchuriat

DELHI

RAIPITONO

JUA MEÐURO

HANKOW

HARDEN

(H. Stanchuria)

ITONG KONG

11910

APOT

KARACHI

KLAND

KOBP

KALA KANGSAR

(Perak P.M.R.)

MEDAN

NEW YORK

PERING

PENANO

HASNOON

SAIGON

NEMABANO

SEREMBAN

MELANOMIAL

SINGAPORE

NOURABAYA

TADINO (P.M.8.).

TA YOY

TIENTGEN

TOKYO

TONÚKAH (Bhuket)

TSINGTAO

YOKOHAMA

ZAMBOANDA

(Philippine Telundat

Foreign Exchange and General Banking business transacted.

Current Accounts opened and Fix- ed Deposita received for 1 year or shorter periods at rates. be quoted on application.

which will

A. H. FERGUSON,

Manager. tiong Kong, 8th January, 1020.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York.

Capital, Surplus and

Undivided Profts ..U.S.$224,554,298

Branches in:—

ARGENTINE LONDON

BELGIUM.

BRAZIL

CHILE

CHINA

MEXICO

PANAMA

PERU

PHILIPPINE

ISLANDS

PORTO RICO

DOMINICAN

STRAITS

REPUBLIC

COLOMBIA CUBA

INDIA ITALY JAPAN

SETTLEMENTS

URUGUAY

VENEZUELA

Commercial and Travellers' Letters of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfers Lought and sold. Current accounts and Savings Bank accounts opened and Fixed Deposits in local and for- at rates that cign currencies taken may be atcertained 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 Tho National City Bank of New York (France), 9.A., and Nice.

in Paris

F. McD. COURTNEY,

Manager. Hong Kong, 20th February, 1981.

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway, New York.

U.S.$6,000,000. .U.B.$1,672,454 U.S.$1,908.200

Manager.

Hong Kong, 1st May, 1929.

Capital Surplus Reserver

BRANCHES

Amsterdam AstroD

Albana

Bala

Dariln

Naples Pira Parla I'Mang

Baz

Fallax

Babay

Palermo

He ser

Jotterdam

brusle

Fana

Esso Aleas

Liverpool

Kiamboul

INONDO

LIMITED.

Established 1880.

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

.Yon 116,000,000

Head Office:-YOKOHAMA,

Branches and Agencies at:-

Manila

Nagasaki

Nagoya

Newchwang

Alexandria

Batavia

Berlin

Bombay

Calcutta

New York

Canton

Changchun

Osaka Pelping

Dairen (Dalny)" Rangoon

Fenglien (Mukden) Rio de Janeiro

Hamburg

Hankow

Harbin

Hong Kong Honolulu

Kal Yuen Karachi

Kobe

London

Los Angeles

San Francisco Scattle

Semarang Shanghal Shimonoseki Singapore Socrabaya

Lyons

Tokyo Tsingtau

Current Ac-

Interext allowed on

counts.

Deposits received for fixed periods

at rates to be obtained an application.

H. MORI,

Manager.

Hong Kong, 11th April, 1081.

Caro Calcutta Fran Colors Costantinople

Copenhagen Pinburgh Mureco

Branches

El.com Ulasgo BAYARE Hasburg HATER Initishn Jurula Lido

Loadaa

Lugano LALKOP Marolle Moola Carlo

Mantle

Huich

Moalrus

Stilo

Chaoghai Beuthampton Singapors SL. Morits Jiabielu. Vis.na

I's Rice

Kuko

Zurich

of American Express

Company in Principal cities of Unit-

ed States of America and Canada.

Branches, Agencles and Correspon- dents in the principal cities of“ tho world.

Every description of Banking and, Exchange business tranzacted.

TAN ENG HOOL,

Manager.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

{NETHERLANDS TRADING SQUIETY)

BANKERS.

Established 1824.

Hong Kong Offos:-11, Queen's Bond Central,

Authorised Capital - Quildsen 180,000,000- (1,600,000) Fald-Up Capital

Ouilders 80.000,00% (46,682,170) Reserve Pand

Guilders 40,018,000

Palemban Pekalongan, Fosna

Shanghal Ribol

Samareng

Weltevreden.

Commerce and

Finance.

REORGANISATION NEEDED.

Plain Speaking to Lancashire.

He was ready at any time to assist the Industry in any way he could to put into effect recommendations of the 'mission.

SILVER POSITION.

NANKING AND STABILISATION CONFERENCE.

WEDNESDAY, MAY 20, 1931.

COTTON PROBLEMS.

ADJUSTMENT OF WAGES IMPERATIVE.

Hours and wages, with other pro- blems affecting the further reorgan- isation of the Lancashire cotton in- dustry, will form the subject of an carly conference between various sections of the trade.

When the issue of more loome per weaver was being contested, a tenta- tive arrangement existed between the Federation of Master Cotton Spinners and the Cotton Spinners' and Manufacturers' Association that, after the satisfactory adjust- ment of this issue, hours and wages would require to be dealt with.

Overseas representatives of the

Manchester, April 20, Members of the Far Eastern Mission for the study of the cotton

Nanking, Yesterday, industry and trade in China and It is learned reliably that the Japan met the joint committee of National Government endorses, on cotton trade organisations in Man- general principles, the proposed chester to-day. They were accom-international conference to stabilize Government are united in reporting panied by Mr. G. M. Gillett, M.P.,silver, and will support any inter-ittle prospects of recovering Lanen. Secretary to the Department of national movement to deal with the shire'e lost trade unless something Overseas Trade, Sir Edward Crowe, present silver situation, but the, is done in this direction. What Comptroller-General of the Depart National Government has not yet they have said will receive substan ment, and Mr. L. Browett, of the decided to initiate any such confer- tial support from the report of the office of the Chief Industrial Ad-ence, although the matter is still viser.

being carefully studied-Reuter.

BRITISH INDUSTRIES.

General Outlook More Hopeful.

recent Far Eastern Mission under the leadership of Sir Ernest Thomp- son, on which the workers were for the first time fully represented so that they could have first-hand knowledge of the struggle in which the trade is involved.

Addressing the Chairman (Mr. T. D. Barlow) and other members of the Joint Committee, Sir Ernest Thompson said that the cotton in- Baad Oos-AMSTERDAM” Enators and Omos:-BATAVIA.

dustry of Lancashire had got to face) BRANCHED – Bandjarmaslo, Bendosas", Bombas, the situation disclosed by the report

Caleutta, Charbon. Diembar, Djok faierte, The Hague, en of the mission and devise a plan for has recently become a little

f anything the general outlook No time is to be lost in forward- Ecto-Radia, Kakassar, Medan. Padas overcoming the difficulties set forth hopeful," says the April issue of the Department of the Board of Trade, more ing this report to the Overseas Ponilanak, Bangoon, Botterdam, Japan was closed against British

Lloyds Bank Monthly Review, re- and there will be no delay in mak- (Eumste) Eingapore. Both caltan goods. it was self-sufficing ferring to the industrial situation. ing it public, so that the working Boszakaria (folet, Tori, Thand and its market was protected. by The fall in wholesale prices has for classes of Lancashire may under-

high tariffs. In China the Arst essenilal was reduction of cost,ciable decline having been register-ployment by refusing to negotiate the moment been checked, no appre- stand fully the dangers to their em-; buth on account of lower Japanese ed since early February, and there for a lower wage basis. When thei prices and also because the purchashas been no spectacular increase in report is available a meeting will be in power of the Chinese had been unemployment since the New Year. convened of all sections to deal, in lowered by internal strife and the

"The cessation of the drain of the light of the later information, depreciation of silver. A weaver in Japan looked after 12 to 16 looms Kuld to France holds out hopes of with all the suggestions contained

greater monetary stability, and the in the report like Lancashire looms, and the

February increase in bankers' ac- Committee. Wages were lower than in

ceptances is some slight evidence of Britain. Members of the

more active International trade. mission thought that lower

"At home the industrial reporta con- wages here would

be better than tained in this issue of the Review

• Thoes Menn bare safe dapoels boxes to lat. London Blankare:-National Provincial Bank Lád, Correspondents all over the world Banking Bussa di avery description umnencied.

A. STOKKIN.

Hong Kong, 18th August, 1020,

Yanager.

THE BANK OF CHINA.

行鋇中

Reorganised October 20, 1928, under less and less employment. Equally are in many cases more encouraging

emment as an

INTERNATIONAL EXCHANGE ·

Reserve Funds

BANK.

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4, Queen's Road Central

FRENCH WORKLESS.

week ended March 28 show that the Unemployment figures for the

total number of persons in receipt of relief from the public funds throughout France...was 50,815, against 50,744 in the previous week, which is taken as suggesting that

special charter of The National Gov-important, however, was the supply than those of recent months, and in of proper raw material for looms industrial circles a slightly more

at the right prices. optimistic tone has been noticed." and spindles Japan was using inferior cotton Subscribed Capital ....$25,000,000.00 with marked success. Lancashire Paid-Up Capital . $24,710,200.00 most continue to work for the im- $ 3,820,503.82|provement of its products, but must also aim at producing a saleable article as cheaply as possible.

Methods in China. British distributing methods in China were far from satisfactory. In Japan about 60 per cent. of the export trade was in the hands of big companies and 40 per cent. done by firms in Osaka. In China the Japanese got into closer touch with Chinese buyers both in the interior and in all smaller porta. They also kept stocks in China. At present nobody in China was devot-3,430 to the building trade. ing his whole time to selling Lanca- nected with the timber trades and and shop employees, workers con- Manager.shire goods. British importing

in the order houses were only dealing with Bri-transport come next

named. tish cloths in a perfunctory manner,

The number of workers in receipt and there were hardly more than &

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 clients special facilities for domestic and foreign banking and exchanges.

We also handle the issue of Bonds and other Public Funda of the Chin- ose Government bath at home

and abroad,

SHOU J. CHEN,

Hong Kong, 5th March, 1931.

THE BANK OF CANTON, LTD. Established 1912.

Head Ofec-Hong Kong. dalborised Capital (T.E. Currency) $11,000,000 Paid Up Captial

B,000,000 Besar Fund

1,100,000

BRANOSIEN

Centor, kangbal, Haskow Bangkok, New York and cow preciad

CORRESPONDENTS

LONDON BANKER#1--

The Lloyd's Bank, Limitad

i ad priucipal ciile of iber World.

For change and banking business w

Juription Transacted.

Safe Deposit Bossa fratiosa sises) as a yearly rants of from $5 to $10,

LOOK POONG SHAN,

Chlef Manager.

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

HEAD OFFICE:--Taipeh, Formosa.

Incorporated by Special Imperial Charter, 1899,

Central Dank la Form

was

the worst effects

of the economic

depression have now been reached.

of unemployment pay. 9,518 belong Out of the total number in receipt

to the unskilled labour class, 9,230 to the metallurgical Industry, and Office

of the Government

COMING???

JUST MAGINE

GET Frères

PIPPERMINT The

Queen

Creme & Menthe

An excelent digestrelakannast j The most refreshing,

long drink when

taken with

Soda

Water

dozen reputable wholesale dealers of the French equivalent of the Distilled of REVEL (He Garonne). France

"dole" in the Paris area recently by GET Frares since 1795. was 22,172.

left.

The report of the mission recom- mended actting up an organisation in China to bring Lancashire into closer touch with that market. It urged that goods should be produced on a joint producing and exporting basis and should be held in stock in Shanghai in quantities large enough to standardise the goods and to fill bulk orders. Wider up-country dis- | tribution was not recommended at present owing to the disturbed con- ditions. Unless the necessary steps were taken, there was a danger that the centre of the cotton trade would move from Lancashire to the East. The mission, however, saw no rea son why a real improvement should not take place if all sections here would unite and be prepared to make sacrifices.

Mr. James Bell (the operatives' representative on the mission) said

All classes of Commercial Banking Bank-Notes and Average amount Yao, 48,000,000 that trade was being lost because Transactions undertaken.

Persona! handled.

investment

accounts

The Company offers to intending Travellers the use of its "Travelers 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 G$2,500,000,000

C. H. BENSON,

General Manager.

THE BANK OF EAST ASIA, LTD.

Established 1918.

10, Des Voeur Road, Central,

BRANCHES AND AGENCIES JAPAN Tokyo, Yokolama, Kobe, Das.

of price. Lancashire was not being FORMOSA - Gliss, Kash

Mekong, Manio, Blinchiku, Tuldan, Talosa, more looms to a weaver, or by Japan Karwala Kasiung, beaten solely by Japan working TA), Tom, Toe, aito, Tulio, CHINA:Shanghai, Hankow, Amoy, Foooow using automatic looms; the produc-

Swalow, Canton, OTHERS-Ho

Hong, Singapore, Bourabaya, tion was less efficient, the expenseES Homerang Batavia, Bombay, Celocita Loodon, New York, Dalman

of transport were not so high. No. LONDON HANKERS: The London County Westminster and Parr's Bank one section of the trade could have The Bank has Correspondanse is all the principe! be saved if the problem was faced all its own way. The trade could.

unitedly.

Commercial Centre throughout the world. Y. MADURA

Manager.

HONG KONG EDANOR:

8, De You Rd Dent Hong Kong. 19th January, 1920.

THE MERCANTILE BANK OF ́ INDIA, LTD.

HRAD OFFICE :

18, Granschurch Street, London, R.C.$. Authorised Capital....£8,000,000 Subscribed Capital ... 1,800,000 Paid-up Capital 1,050,000 Reserve Fund and Rest 1,666,845

BANEERS The Back of England & Midland Bank, Lad BRANCHES Bangkok

Грой

New York Penang Forute

{Maurition)

Batavia Bombay

HEAD OFFICE:

HONG KON

Capital and Surplus...

over. E$ 8,000,000.00

over H-$80,000,000.00

Delhi Gatta

Bernk

Total Resources

Every description of Banking and Exchange business transacted.

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

Bavings Account and Bate Deyoull Boxes. Branches and Arancias all over the world.

Calcula Colombo

Evmy

Karachi

Lots hard

Konin Kral

Xesin Liple

Xuala Langar Bisla

Kussian (Thang) Klagapore Bourabaya

HONG KONG BRANCH, ́ ́.

se cacaotica: té Banking and Zuchowys book. [

Reorganisation Needed.

Mr. J. L. Edmundson (the finish- erg' representative) anid that Japanese dyeing prices were not particularly cheap, bat printing prices were surprisingly low. The Japanese ware only just beginning to specialise in finishes. Here, · re- organisation was necessary, involv. ing sacrifices by all sections and a rebuilding from the bottom to the top.

Mr. J. Wild spoke of the superior organisation of Japanese spinning) mills, and said that one of the most dangerous facts was that "Japanese", was becoming to be synonymous with "cheapness.”

Mr. H. S. Butterworth and Mr. F. A. Lauder dealt with other points in the report, and also appealed for co-operation between all sections of the Lancashire industry.

Travelers Chegada kamuki, prandaLY Trusted and reenterships under taken. MINTAREST showed nå Ourswerk Ahnómnia and Thompson and his colleagues for Fised Deprailer Baker, that may be misland their arduous work and Interesting on application.

Week Sailsthan Mehager purely Lancashire matter, but one report. The problem was not a

which concerned the whole nation:

Mr. Gillett, on behalf of the Govi ernment; thanked #

Sir Ernest

KAN TONG PO,

7. Go's Bond Content.

C. LA BANDES,

Hong Kong, 29th April, 1981.

CLAREMONT

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

Suites of rooms (single and double), hot and cold water ayatem, al 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, yet easily accessible.

Terms very moderate. Reserva- Llums by letter or cable.

CLAREMONT

Tels.: 57389 & 57385 (Private). Telegraphic Add.: "Fern" H.K.

Our motto is "SERVICE."

AH

KWAI

SHIP

and

HOUSE

PAINTER

GENERAL CONTRACTOR.

Formerly at

36, Pottinger Street HAS NOW REMOVED TO

62, LOCKHART ROAD, WANCHAI. Telephone 22049.

PHOTO-SUPPLIES

Kodaks and Cameras. Films, Plates and Papers, etc. Developing, Printing and Enlarging.

ZIESS and BUSCH FIELD GLASSES

Price Moderate.

A Trial Order 19 Solicited,

A. SEK & CO.

Tel. No. 23459. 28A. Des Voeux Road, C. Hong Kong,

I jump from Bennett to Wells to Walpole, over and over again. But-

I NEVER CHANGE FROM "Gold Flake

WILLS'S

As mild as a sun-kissed day in June-as mellow as a rare old port-as sweet as a rich, ripe Honey Dew melon Gold Flake for mine anywhere, any time, always.

GOLD FLAKE

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sintermann nicht als