1931-05-28 — Page 2

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Authorial Papital

Corbed and Paily Paid-up

Barva Punda--

Harling.............. £ 4,59%),000

Neer............ $10.000.000

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

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 8,000,000 Issued Capital

4,000,000

$60,000,000 $70,000,000

HEAD OFFICE: LONDON, Paid-up Capital

£3,000,000

Reserve Fund

£4,000,000

Reserve Liability of Pro-

prietors

Paid-up Capital

.£3,000,000

Reserve Liabilities

of Shareholders Surplus

"

"

4,000,000 2,520,000

ALOR STAR

KUALA LUMPUR

(Malay Brats) /

AMHITHAD

KUCHING

BANGKOK

MADRAS

MANILA

Katerva ally at Proprietors." $50,000,000 HE OFFICE: RONO KONU.

BOARD OF DIRECTORS;~

Clon. Mr. C. O. 8. Machia. Chairman.

Hom. Mr. J. J. Paterno.

ply Chairman.

ilor. 2. Bali, T. 1. Pearce, Eng. 4. Campion F. J. A. Plummer, Eng.

b. under Lowly, aq. T. 18. IL. show. Eng.

Mihin, Exp.

AMOY

BANGRUR

DATAVIA

WOMBAY

J. P. Warren, Esq. Chief Manager.

v, M. Grayburn. Eng.

BRANCHES:-

LONDON

LYONA

MALACCA

MANILA

MCAB ukore)

CALCUTTA

MUIDEN

NEW YORK

CANTOS

CHCFOO

COLOMI

DAIREM FODCHUW

HAMIONG

HASİBA

HANKOW

MARBIN

HONO XEW

BLANILD

JURNA

.

XOWLOGN L'ALA

1.NPUR

PEIPING

PENANG DANGOON SALUON

MAN PHASCIFC

SHANDBAL

SINGAPURE

SOL RABAYA

RUNUMI PATANA

TIEN ISIN

758

TSINOTAU YOKIAMA

Current Accounts opened in Canal Curtery Siz Deposit received for one your of abatier parole en fonal Currency and Eterling a tange which will be quoted on application. Ime K 24h Petituary, Ust.

HONG KONG SAVINGS BANK.

The line of the ators Task is conduc ed by the HONG KONG AND SITANOHAR

Etalas

may be BANKING CORCORATION.

abond on

FOR THE OSGRONG AND SHANGHAI BANKING CotronATION,

V. GRAYBURN,

Bang Kong, 16th July, 1935,

Chief Mogot,

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96. Boulevard Ilaussmann, Paris.

Agencies nisi Branches:

BATAVIA

HOMBAY

CALCULTA

CANTON

CAWNPORE CERC

COLOMBO

DAIREN (Dolny

Hi Marcburia)

DELET

HAIPHONG

(N. Manchuria)

TAMBURA

HANKOW

HARDIN

PORO ROND

11.010

KARACHI

KLASO

IYOIT

KOBE

KUALA KANGSAR

(Tarak P.M.B.)

HEDAS

NEW YORK

PEKING

PENASU

RANGOON

SEMARANG

SALOON

KEREMBAN

NANOHAT

SINRADORE

HOUNADAYA

TAIPING (F.M.9.1

TAVOY

TIESTAIN

TORYO

TOYARAN (Bhukat)

THINOLAD

YOKOHAMA

ZAMODANDA

(Philippine Islands)

Foreign Exchange And General Banking business transacted.

Current Accounts opened and Fix- ed Deposite received for 1 year or which will shorter periods at rates

be quoted on application.

A. H. FERGUSON,

Manager.

Hong Kong, 8th January, 1929.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 56, Wall Street, New York.

Capital, Surplus and

Undivided Profits.U.S.$224,554,208

Branches in

ARGENTINE LONDON

BELGIUM

BRAZIL

CHILE

CHINA COLOMBIA

СОВА

DOMINICAN

REPUBLIC

INDIA

ITALY

JAPAN

MEXICO

PANAMA PERU

PHILIPPINE FORTLANDS

RICO STRAITS

SETTLEMENTS URUGUAY VENEZUELA

Commercial and Travellers' Lettora

Subscribed Capital Frs. 72,000,000.00 Paid-Up Capital... Fra. 68,400,000.00 Reserve Fanis.....Fra.102,000,000.00 of Cradit, Travellers' Cheques, Bils

BRANCHES:

of Exchange and Cable Transfers Current accounta bought and sold. and Savings Bank accounts openod and Fixed Deposits in local and for- eign currencies taken at rates that may be axerlained on application to the Bank.

Bangkok Hong Kong Quinhon

Saigon Shanghal Singapore

Battambang Hue

Cantho

Mentze

Canton Nam-Dinh

Djibouti Numea Thanh

Fort-Bayard Papects

Haiphong

Tientsin Tourane

Peking

Hankow Phom Penh Vịnh

Pondichery Yunnanfe BANKERS:

Hanoi

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

IN LONDON: The National Provia- eial & 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 A- counts and Fixed Deposits according to arrangements.

Every description of Banking and Exchange Business transacted.

Safe Deposit Boxes to let.

A. BONNAUD,

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.

Manager.

Capital Surplus Reserver

Hong Kong, 1st May, 1931.

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

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

.Yen 115,000,000

Alexandria

Batavia

Berlin

Head Office:-YOKOHAMA.

Branches and Agencies nt:

Maniin Nagasaki Nagoya Newchwang New York Osaka Poining Siping

ngoon

Bombay

Calcutta

Canton

Changchun

Dairen (Dalny) Fengtien (Mukden) Rio de Janeiro

San Francisco Seattle

Hamburg Biankow

Harbin

Hong Kong Honolulu Kai

Tai Yuen

Karachi

Коро

London Los Angeles

Semarang Shanghai Shimonosek! Singapore Soerabaya Sydney Tientsin

Tokyo Tsingtau

Lyons

Interest allowed on Current Ac- counts.

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

H. MORI,

Manager.

Hong Kong, 11th April, 1931.

..9.$6,000.000 U.S.$1,572,454 U.S.$1,008,203

BRANCHES:-

Away Jam

Ganum

Autwate

Cisco

Nica Saples

Albena

Boxfo

ilevans Habare

Pirkan Parin

Barito

『put

Burrit Bombay

Etruskels Ruence Aira Cur Calqutan Cefope

Interiskan Jerusalem Ildo Londoa Liverpool Lucern

feking

Bran

Sonantinople

Copenhage Elsburgh Flozo Genre

Lugina Luxor Marcalita Monte Carlo Mazila

Munich

ications Milan

Palermo Fotlarda Koma Mtamboul Shadghal

Hipo St. Morita Tintelo

VINCES Ferice Tokohama Zurich

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

All classes of Commercial Banking

Trausactions undertaken.

Personal investment handled.

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 Traval 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.

HEAD OFFICE:

10, Des Voeux Road, Central.

HONG KONG

Capital and Surplus *** over H.$ 8,000,000.00 **** over H.$80,000,000.00

Total ResouKODE

Every description of Banking and Exchange business transacted....

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

Bavings Account and Safe Deposit Boxes. Branches, and Agencies all over the world.

KAN TONG PO,

Chief Manager.

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

Evary description of Banking and Exchange business transacted.

TAN ENG HOOL,

Manager.

NEDERLANDSCHE HANDEL. MAATSCHAPPIJ, N.V.

NETHERLANDS TRADING BOOIKTY:

BANKERS.

Established 1894.

Hopa Koop Bosili, Queen's Bood Central. Author and Espital ......... Guildare 158,000,000- Paid Up Capital Cuilders 80,000,000

Emery Fund.................... Guilders' 40,016,000

(219,500.000.)

(C,669,170)

{A,14,653)

Bad Omon-AMSTERDAM- Eats Hand Bos:-BATAVIA.

Jakarta, The Hague”, Jeddak, Kobe,

and

Commerce

Finance

NESTLE AND ANGLO- SWISS MILK.

Company's Policy of Extension.

RESULTS MAINTAINED.

While they wore prepared to see # temporary decrease in their snies in certain markets, on the other hand they looked forward to progress in others, where their latest articles

in. were winning ereasing favour with an expand- Ing clientele, and with every con- dence in the vitality of their company they were going stendi- ly forward with their programme | af extending and perfecting their industrial installations in all countrica.

The sixty-fourth annual general

Consolidation of Finances. meeting of Nestle & Anglo-Swiss

A perusal of their balance-sheet Condensed Milk Company WIS

would have demonstrated to share- held at Cham, Switzerland.

holders the prudent method with Mr. Louls Dapples. the president which they pursued their policy of the company, who was in the of expansion, which in no circum- chair, referred in moving terma toatances prevented them from con- the great loss the company had sustained in the death of Colonelsolidating the finances of the com. pany, and they had arranged for J. J. Kohler, one of their most es, the repayment of a further appre- teemed colleagues, and expressed eiable proportion of their obliga- the great regret of the board that tions, a policy they had every hope Mr. Benjamin Rossier,

and intention of continuing, been

one

who

had

of their most active Even if some day the removal BRANCHE- Bandjarmaalo, Bandeng Bombay, directors since the amalgamation of tariff barriers should necessit- Calcutta, Chazibon, Djembe Dlok-of which he had been one of the ate their dispensing with certain Hotz-Hadja, Makassar, Medar Padang principal promoters-between the of their factories that had been Palembang. Pekalongan, ang Anglo-Swiss Condensed Milk Com-equipped simply on account of the Pontianak, Ilagoon Botterdam

Bibelpany of Cham and the Societe import duties into the countries Nestle, had felt compelled for concerned, they did not fear that, grave reasons of health to resign given favourable conditions

Kamarang", Shangh

(Bum). Singapor Hoursbas Sourakarta (Beta), Takai,

Walterredan

** Thana nila hata safa diposit boxes to lui. London Dunkers-National Provincial Book Ltd. Correspondent all over the world

Diskleg beslaan of ovary decription in-fed.

A. STOKKINK,

Hong Kong 18th Auguri. - 1990,

Mazagur

THE BANK OF CHINA. 行銀國字

his seat on the board.

such

circumstances would be too heavy a burden for them, but they had, on the other hand. the firm con- viction that their solid position in all important centres of produc- tion enabled them to face with confidence all the problems which might arise from any new condi

In briefly reviewing the opera- tions of the past year, he pointed out that the annual report; which, in accordance with their custom, was drawn up in great detail, had alrondy advised shareholders that their business and results for 1930 had been maintained, at the tions. level reached in previous years in Their business was essentially apite of the very unfavourable founded on a large turnover of world market conditions which relatively minor individual items had developed with increasing carrying only a very modest mar- Reorganised October 26, 1928, undercuteness during the latter half gin of profit, and if they were special charter of The National Gov-

of the year,

able to present interesting final crament as an

The reduction shown in their results, it was owing to the enor- net prot of about four million (meus extension of their sphere of francs was accounted for by the activity, to the rational employ- Subscribed Capital $25,000,000.00 fact that they had considered itment of their large resources, and Paid-Up Capital

desirable to take into considera to the unremitting zeal of their Reserve Funds

Lion in the appropriate items in personnel in all parts of the Their dividend remained their balance-sheet the deprecia- | world.

INTERNATIONAL EXCHANGE

BANK.

..$24,710,200,00 ..$3,820,003.82

HEAD OFFICE: SHANGHAI.

HONG KONG BRANCH:

4, Queen's Road Central,

tion in exchange that had occur within modest proportions, since red in certain countries. They in reality it only represented 8 had alse appreciably reduced the per cent. on the original capital. figure of participations in their Ïle invited the shareholders to as- Owing to our numerous branches in balance-sheet, which still remain-sociate themselves with the direc

the statt China and large connections in the Im-ed a very considerable item, and tors in expressing to portant commercial centres of the it was therefore hoped that they their sincere thanks for the lat world, we are able to extend to our would be able to continue to fol- ter's Intensive, work and loyal en- clients special facilities for domestic low this policy. and foreign banking and exchanges.

We also handle the issue of Bonds and other Public Funds of the Chin- ese Government both at home and

SHOU J, CHEN,

Hong Kong, 5th March, 1931.

abroad,

Manager.

THE BANK OF CANTON, LTD. Established 1912.

Head Office-Hong Kong.

Authorised Capital (11.E. Carreray) #11,000,000 Paid-up Capital

8,063,000 1,104,00

DRANCHEB

Cauton, Bkanghai,

Hankow, Bwalow, Begiak, New York and dan francisco

CORRESPONDENTS

LONDON DANKERS :-

The Lloyd's Bank, Limited

to all principal cities of the World.

Poralja umbunge and banking business of avery desintión transestad.

dafa Deport Borsa (vicious alxes) at a panely recta ime:

5 to $40.

LOOK POONG SHAN,

Chief Manager.

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

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Imperial Charter, 1899,

had

World Trading Conditions.

it new

thusiasm.

anil

A New Interest. The more their technical Referring to the extremely diff

organisation wah cult situation which existed in all commercial countries, almost without excep- strengthened the further its rami- For this rea. tion, the chairman stated they fication extended. could only hope that the instinct son they had considered it inter- on favourable of self-preservation which was eating to acquire equally powerful among nations terms a participation in the Ciric

would Company. as among individuals gradually enable the world to sur This company which had always mount the present great dim- been intimately connected with culties and to inaugurate

Swiss Industry and finance han era of progress for the well-being not only attained the first place in of mankind, World production the Italian market, but had also never reached such a high created a most satisfactory experi level, not only in industrial out- connection; and, combined wit?.

the advantages of their own put, but also in raw materials.

He reminded shareholders that ganisation, they believed they were the world was not constituted in in a position to increase the ex one homogeneous whole and that tension of the latter still further the heavy heritage of separate They hoped also that the high nationalities entrenched behind in ly organised selling organisation numerable tariff barriers in the of the Cirio Company would prove presumed interests of their own of valuable assistance in the de economics constituted a heavy velopment of the salea burden on progfess, of which the own products in Italy. This ant

was strengthened by consequences were at last making cipation themseives felt in fall to-day, but their observations of the develop- he detected signs of this problem ment of the common activities of being approached for the first time the two companies alnce January in history with more comprehen- 1 last. sion than had previously been the case.

of the

or-

A Word of Waming. The chairman concluded by ut Naturally, it would take timetering a note of warning with re- for a solution. of the many pro-gard to market fluctuations in the Bank-Nolas used Average amount.Ten. 49,000,000 biens besetting the world to-day price of the company's shares

Central Bank in Pornos.

DRANCHES AND AGENCIES JAPAN -Toyo, Torches, Hobe, Osaka. FORMODA 1-0,

Mong Hanto, Shachiu, Taloka, Tainan, Taka, Tamil, Town, Balto, Tall CHINA:Shanghai, Hankow, Árnoy, Fooshow,

Calcio

Lo be reached, and it might per- He reminded shareholders thai Bagi Bamak Khaps be that they would see even they were not a financial trust, more dificult conditions before but simply an industrial undertak- Buslow, Canton,

any real Improvement set in; but ing, and it was no part of thei OTHERS-oag Kong Blagspore, Beseabags, the nations were pressing forward duty to

Bemarang, Delaria, Bocabay,

the daily fluctua-i follow Te, Hae York, Dalres.

vigorously, the old days of "splen- tions in the price of their shares, LONDON BANKERS.

did isolation" were a thing of the and still less to intervene to ra past, and he expressed confidenco gulate the same. that human good sense would tri- umph in the end.

The London County Wattskar, And Pier's Bank, The Bank ban Corpoodata in all the prizes!

Commercial Centres throughout the world.

E. NAGURA.

Manager.

HONG KONG NBANEN,

Dan Vaux Road Cand. Bong Kong 19th January, 1979

YOU

ARE INVITED TO INSPECT OUR STOCK OF

ASIATIC FOREIGN AND COLONIAL

POSTAGE STAMPS

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

GRACA & CO., Desiers in Postage Stamps, Philatelic Goods, Pictures, Postcards, Toyn, &c."

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

Unrivalled Goodwill.

to

It was also impossible for them

confirm or deny VARIOU rumours which arose or might

of a yea

Everywhere the company enjoy- arise, in the course ed an unrivalled goodwill, and They felt that their annual repor everywhere their salesmen were was always so detailed, and the working ceaselessly at their posts. explanations which they gave at Shareholders would have an idea their general meetings

were 36

of the difficulty of their task when conscientious that shareholders they considered that half the could form their own judgment a population of the globe-Russia, to whether the company's shares China and India--at least momen-offered a complete security and tarily were no longer consumers, satisfactory return for a perman and that the purchasing power of ent Investment.

They had been asked on various numerous other countries had been enormously reduced by economic occasions if they had the Inten- tion to write up the company's or political circumstances.

In this connection he referred shares at the first favourable op shareholders to the Australian ex-portunity to their original nominal value. The directors, did not s86 change, which had dropped by

(Continued on Page 3.) about 80 per cent. In less than a math, to the revolutions in differ ent South American States, and to-

the price of ellver, which, having COMING ?? ? fallen as low as is, had prac tically ceased to be a monetary standard, with all the consequent disturbances for countries which had not yet adopted the gold stan- dard.

JUST MAGINE

THURSDAY, MAY 28, 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 Lits, Peking.

THE HARBOUR VIEW PRIVATE HOTEL.

9-12. Chatham Road, Kowloon. Fincal Situation on the Peninsula. Benefit of the Cool Sea Breezes.

Phone

Tel 56734.

Large Airy Rooms with Fall Unequalled Cuirine.

Proprietress:---Mrs. Gardiner.

MARBLE HALL

Cable Add. "Harview."

21, Nathan Rd., Kowloon.

Tel. 57089,

A Select Private Hotel furnished with an eye to the comfort of its Tenants. Single and double suites of rooms with private bath- rooms attacked.

Overland China Mail.

A WHOLE WEEK'S NEWSPAPERS IN ONE.

The mysterions death of a European in Hong Kong, presenting somewhat remarkable features, occurred when Mr. D. G. Carstairs, Area Manager for the Navy, Army, and Air Force Institute, was found dead in bed, stabbed in the abdomen, with a knife lying beside him. Up to the present moment no definite facts as to his death have been provęd, but murder is suspected. The full report of the tragedy appears in the OVERLAND CHINA MAIL,

*

+ 류

A case of infringement of copyright, of considerable interest to book publishers the world over, was heard at the Central Magistracy. Evidence was brought to the effect that the copies of the book seized were in effect photo- graphic reproduction of the original. The case is fully re- ported in the OVERLAND CHINA MAIL.

*

Following upon the arrival of Mr. Sun Fo and Mr. Eugene Chen, and their subsequent departure for Canton, sensational reports as to big arms deals in the Colony were current. Also, trouble which arose in Hainan island neces- sitated the sending of a British destroyer to the scene, and merchant vessels also stood by. The OVERLAND CHINA MAIL contains the official account of the episode in Hainan.

An extraordinary situation at the Criminal Assizes is also chronicled in the OVERLAND CHINA MAIL. At the outset of a murder trial it was discovered that the only medical witness for the Crown was not in the Colony. Strong comment upon the fact was made by the Chief Justice, and the witness was directed to be cabled for to return immediately.

★

*

#

In the sporting world, the Whitsuntide meeting of the Hong Kong Jockey Club provided some big surprises, und is reported in entirely in the OVERLAND CHINA MAIL.

*

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 teslify to the keen other parts of the world frequently pleasure and interest ita weekly fall to be written evm by the meat arrival brings. ardont correspondenta.

It is a

For your folks at Home to re- kindly thought, therefore, to ensureceive this weekly budget, or to keep that those away from the Colony. yourself posted with affairs during or 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 Mail" means of a subscription to the "Overland China Mail."

The word "Overland" is a 19- minder of the experience behind the

Without any trouble of packing production, it having been publish- and worrying about the Post Office 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 was no Suez Canal, "Overland China Mail" will be and that was the quickert route send Home for you every week, by which to get mall-Home. In catching the mail regularly. It the march of time the “Overland contains tha news and special China Matt" has become the most features from the daily "China popular weekly news budget, as it Mail" that make a studied appeal has been compiled just to quit people with any interest present-day requirements, as it has whatsoever in Hong Kong, and done all along. What more could many letters from Home, Austro-{be desired f.

to

READY TO - MORROW Mail vla Suez closes at 6 p.m., May 29. and via Siberia at 5 p.m., May 30,

SINGLE COPY.

25 Cepte.

(Bald on the streets and at the boolsinin er you can send your subscription to, the office,-IX. $13 per xuREM, Or

619 including postage abroad. | Half-yourly

or quarterly perfode_pre rata.)

No,' BA, WYNDHAM STREET-PHONE 20012

“THE OVERLAND CHINA MAIL”