1931-05-29 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital

$50,000,000

Istund and Fully Pull-up ***** $30,000,000

Besarve Funder-

Ameling..............

Biler...............

0,600,000 $10,000,000

Buuevo Jásħilty of Propriators - $30,000,000

REC OFFICE: HONG XONG,

BOARD OF DIRECTORS-

Hon. Mr. 0. 0. 8. Mukim, Castrosa.

Hon. Mr. J. J. Paternos, Dapuls Chairman.

Hos Mr. . . Bal, T. E. Puston, H. a. Compton, Faq. 1. à. Plummer, Eng.

5. Lauder Lewis, Esq. T. II. R. Shaw, Eng.

Q. Hiskia, Eng.

MOY

DANGKOR

BATAVIA

HUMBAY

CALCUTTA

CANTON

J. P. Warta. Eng. Chief Hana

Manager.

V. M. Ömpburn, 144.

BRANCHES:-

LONDON

LYONS

MALACCA

MANILA

MUAR (Jobwe)

KUKDEN

NEW YORK

COLUMBO

PEIPING

DAIRER

CHEFOO

POOCHOW

HALPITONG

HANDCRU BANKOW

HARBIN

BONOKEW

ILILA

ITUR

JIONE

KOBE

KOWLOON

KLALA LAMPER

PENAKO

RANGOOS

SATUON

HAN FRANCO

MILANO AL

SINGAPORE

SOURADAYA

SUNGHI PATAKY

HIENTHIN

TUK YO

DHI SUTAO YOKOHAMA

Current Arconal opened in local Cerraj and Find Deposite Farelyed fur one you 27 shorter periods in local Curret ad terting on india which will be quoted on application. Hong Kong. Dith Foleunty, 1931.

HONG KONG SAVINGS BANK.

The Dualnews of the above Bank. Is conduct. the HONG KONG AND KUA KONAL CORPORATION, Rula may be

shiined application.

POR THE OMIKONG AND SHANOIAI BANKING CORPORATION.

V. M. ORAYBURN,

flaug Ecog, 16th July, 1900.

Chief Manager.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussmane. Paris.

Subscribed Capital Frs. 72,000,000.00 . Fra. 62,400,000.00 Paid-Up Capital Reserve Funds ....Frs.102,000,000.00

+

BRANCHES: Bangkok Hong Kong Quinhon Battambang ur

Salgon

Cantho Mengtzo Shanghal Canton Nam-Dinh

bout! Numca Fort-Bayard Inpeete

Haiphong

liankow

Itonol

Singaporo Thanha Tientsin Toarano PnomPenh Vinh Pondichery Yunnanfu- BANKERS:

Peking

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

IN LONDON: The National Provin. cial & Union Dank of England, Ltd;

d'Escompte Comptoir National

Paris; Credit Lyonnais.

sto

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. BONNAUD,

Hong Kong, 1st May, 1931.

THE YOKOHAMA SPECIE BANK.

LIMITED.

Established 1880.

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

HEAD OFFICE: LONDON.

Paid-up Capital

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917.)

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

tonerve Fund

£8,000,000 £4,000,000

Authorised Capital Straits $20,000,000 Issued Capital

Į

8,000,000

Reserve Liability of Pro-

prietors

Paid-up Capital

4,000,000

"

£3,000,000

Reservo Liabilities

Agencies and Branches:

of Shareholders. Surplus

4,000,000

2,526,000

ALOB BTAR

KUALA LUMPUR

(Male, Baton)

EUCHIKO

AMBUTHAB

KADRAS

BANUKOE BATAVIA BOMBAY CALCUTTA

CANTON

CAWNPORE

ОБВИ

COLOM DO

DAIREN (Dalny

South Hanchorla)

DELHI

JAIPHONG

HAMBURG

KARDIN

HANKOW

(N. Manchuria)

IÒNG RONT

iPOI

ILOILO

KARAONI

KLANG

RODE

KUALA KANGSAR

(Perak F.M.8.)

Foreign

JEA NILA

MEDAN

NEW YORK

DERJRO

PENANG

RANUOON

RAIDION

SEMARANG

SEREMBAN

KULA NOUAT

SINGAPORE

BITIAWAN

SOURABAYA

TAIPING (P.M.A)

TAVOY

TIENISIN

TOKYO

TUNGRA (Bhukai)

THINDIAO

YOKOHAMA

ZANDDANGA

(Patlippine Islanda)

Exchange and General Ilanking business transacted.

Current Accounts" opened and Fix- el Deposits received for 1 year or which will shorter periode at rates

e quoted on application.

J. STUART,

Acting Manager. Hong Kong, 29th May, 1931.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York.

Capital. Surplus and

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

Branches in:

ARGENTINE LONDON

BELGIUM

BRAZIL CHILE

CHINA COLOMBIA

MEXICO

PERU

ISLANDS

PANAMA

PHILIPPINE

PORTO RICO

DOMINICAN

STRAITS

REPUBLIC

CUBA

INDIA

ITALY

JAPAN

SETTLEMENTS

URUGUAY

VENEZUELA

Commercial and Travellers' Lottara

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

Every description of Banking and Exchange business transacted.

TAN ENG HOOL

Manager.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

BETHERLANDE TRADING SOCIETYS

near and

Commerce

Finance

FOR

SCHEMES

RESTRICTION.

Some Fallacies Which Lead Men Astray.

COMMUNISM & CAPITALISM.

tinues, tion

FRIDAY, MAY 29, 1931.

Exchange of Rights There will be organised in the future, the statement con- International Hydrozenn- Engineering and Chemical Company, having its seat at The Hague, the staff of which will be drawn from the technical staffs of the interested companies, and which will be the channel through which the skill, and experience of these groups and of all licensees will be A Need for Analysis,

minde available to all users of the There is no gainsaying the fact hydrogenation process for the de- that a sound measure of control is sign and speration of plants.

economic success great enough to constitute a serious threat to the future of capitalism.

in most cases a vital necessity. But ¡ it is absolutely essential to analyse the cause or causes of the excess of supply before adopting a scheme

HURRICANE ECHO.

www

LOAN OF £750,000 FOR MAURITIUS.

SUGAR CROP DESTROYED.

Rugby, Yesterday.

A Treasury memorandum has been issued stating that a Gov- ernment Bill is to be introduced authorising the Treasury to guarantee the principal and in- terest of a loan of £760,000 to be raised by the Government of Mauritius, and used as follows:- For repair and replacement of Government property damaged in the recent hurricane, amount- ing to £75,000,

to

For the making of loans planters and others in respect of hurricane damage to property. stock, crops and so forth, £500,000.

The International Hydrogenation Patents and Engineering Companies will have full working arrangements for the exchange of patent rights of restriction. It might, for in-and experience with corresponding ntance, be, temporary or permanent. companies in the United States It might be caused by an extra-which were organised last year, and ¦ Probably the main cause of severe ordinary output per unit of capacity in which the same groups are also excess of capacity, de-indirectly interested, the U.S. com- business depressions is the short or by an sightedness of business executives, and being normal. Or with the panies being controlled directly by their inability to make use of avail-supply unchanged it might be the principal units of the American

cnused by a decline in demand. oil industry. able statistics, their inability to

Usually the excess of supply arises German inventions and experi- read the signs aright.

The announced agreement of the from a combination of these causes. ence will be available American oil people to limit their Nevertheless, in any control or company through the Standard L.-G.

scheme marketing

thorough Company representing the original The exceptionally severe hur- imports of foreign oil warrants

interest. It analysis of the possible effects of fusion of hydrogenation Interests ricane which visited Mauritius more than a casual

measures on world between I. G. Farbenindustrie and ↑ last March caused extensive dam- clearly illustrates that modern busi- the proposed

(New ness methods of price maintenance distribution and contribution is im- Standard

Otherwise the echemo | Jersey.) perative. are still highly experimental and that very little consideration is falls through. BRANCHES Bendrasin, Bandeng, Bombay,iven to either past experience or

BINKENA.

Extablebed 1834.

Hara Long Off-11, Queen's Road Owatral. Autherlead Capital ....... Guilders 158,000,000– (1,50,000.) Paid-Up - Caplia

Gullóarn 81,000,000 (24,539,170) Refer Fund. Guildarm` 10,450,000

(21,331,690)

Head Offer:-AMSTERDAM* Eastern Hand One-DATAVIA.

Calcutta, Chiribon, Djamba, Djok jakarta", The Hague'. Jeddah, Koba, Kota Radio, Makassar, Medan, Padang

Palembang. Pekalongan, Pana Pontianak. Rangoon, Bolierelem", Sammaring",

Sibolga

(Bar). Hinaspor Futaba Hoerakiria (Bold). Tegal, Thisy and

Walterradan,

There is here safe deposit bozan lo Ish. Londen Dankere:-National Provincial fast ad. Correspondents all over the world

Stanking bussere di avary Escripton transacted.

A. STOKKINK,

Fooo.. 19ik August, 1080,

Menger.

THE BANK OF CHINA. 行銀轕 小

cause and effect.

American Oil Statistics.

In 1930 the U.S. imported. G2,129,000 barrels of crude petro- Leun. Her exports amounted to 23,706,000 barrels. The net addition to the domestic supply was therefore 38,123,000 barrels. Supposing im- ports to be limited to the extent' advised by the Capper-Garber Bill -that is to 16,000,000 barrels-this' would

that approximately 46,000,000 barrels of foreign nit would have to be shipped to other markets, competing with approxi- mately 23,000,000 barrels of Amer. ican oil. When one considers that the 1930 net crude oil imports of

mean

*

"OIL FROM COAL” DEVELOPMENT.

Important Interests Combine.

The Standard L.-G. Company, the Royal Dutch-Shell group and Im- perial Chemical Industries have formed a new company, to be call- ed International Hydrogenation Patents Company. This concern will merge the interests of the three groups in the hydrogenation process for the liquefaction of special charter of The National Gov-38,423,000 barrels crament as an

bare 4.1 per cent. of the total coal, states the Financial News.

The Anglo-Saxon Petroleum Co., foreign and domestic supply in the U.S. (934,688,000 barrels) it be- the transportation and distribu- ....$25,000,000.00 comes apparent that if foreign oil tien subsidiary of the Royal Dutch $24,710,200.00 were entirely eliminated the effect "Shell" group, announces the or- the International ganisation of

Reorganised October 26, 1928, under

INTERNATIONAL EXCHANGE

BANK. Subscribed Capital Pakd-Up Capital

represented

â

of Credit, Travellers' Cheques, Bills Reserve Funds $3,820,503.32 on the price would be negligible. Hydrogenation Patents Co., Ltd.,

of Exchange and Cablo Transfers bought and sold. Current accounta 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.

READ OFFICE: SHANGHAI,

HONG KONG BRANCH:

4, Queen's Road Central.

it.

to the new

Oil Company

These arrangements, It is stated, bring into effect full collaboration between all groups having patents and experience relating to this new technical process, and are expected to make possible a sound and off- cient growth in the use of hydro- genation.

at

to

For construction

works, £175,000.

of public

age to Government and private property, destroyed a large part of the growing crop of sugar cane, and rendered more difficult the cultivation of the remainder. The Colony is almost wholly de- pendent on the sugar industry.-- British Wireless Service.

If Someone Left You

G $1,000,000.

Wouldn't that be nice. Invest-

Plan Foreshadowed. As long ago as April, 1930, the late Lord Melchett, speaking

the annual

general meet- Chemical In- ing of Imperial dustries, Ltd., with reference ed it means an income of G$50,000

the conversion

a year. G$4,200 a month. We al- of coal into petrol and fuel oil by hydro-ways work it out that way-those on a modest genation, said that the company has of us who subsist

monthly stipend. Then we go on recently bad discussions with repre-

to dream, to visualise the fulfil- sentatives of an important group of

Company of America, with a view oil companies and the Standard I.-G.ment of our ambitione. to arranging for mutual co-opera- tion and the pooling of knowledge, and for exploitation of the process

would

encourage

on lines which mutual progress.

This was followed by a statement

in the report of the directors of the even if no other factors entered into representing a fusion of the inter- Royal Dutch Co. for 1929, to the ests of the Standard L.-G. Co.. effect that the company had decided Imports of foreign oil Into the

to pool Interests with the Standard U.S, is not a cause of low domesticRoyal Dutch-"Shell" group, BL-G. Co. with a view to working

Imperial Chemical Industries in price because the producing capacity of that country is more thaa auffi-the Hydrogenation process for the jointly the hydrogenation patents. This was confirmed by Viscount Owing to our numerous branches In cient to offset the entire climination quefaction of coal and the refin-

the meeting of the China and large connections in the im- portant commercial centres of

As long as the U.S.ing of alls in all countries of the Bearsted at of imports. the

Sir Harry The seat of the in June last, while world, we are able to extend to our has that excessive capacity the world outside of the United States "Shell" Transport and Trading Co. clients special facilities for domestic problem will only be solved by some and foreign banking and exchanges.

tenstein. The directors of the Imperial Chemical Industries, spoke We also handle the issue of Bends sort of control of domestic produc- new company is in Vaduz, Liech. McGowan, at the recent meeting of of the progress made in the deve- and other Fuble Funds of the Chin- tion, and not merely by the limita- Manager.ess Government both

and tion of foreign oll importe at konto abroad.

SHOU J. CHEN,

Hong Kong, 6th March, 1931.

We are also able to offer our Cas- tomers the services of the Branches of the Intornational Banking Corpora tion in San Francisco and Spain and also of The National City Bank of New York (France), SA, in Paris and Nice.

F. McD. COURTNEY.

Hong Kong, 20th February, 1931.

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway, New York,

.U.S.$0,000.000 .U.S.$1,672,454. U.S.$1,908,209

Manager.

Capital" Surplus Reserves

BRANCHES

atlarda Autwerp Ashens

Giacom Olangow Svina

Nic Kuploa

Brows

Bala

Bartis Bicik

Bombay

Br

Bronssit Buon Al Calto Caloutta Canne Colombo

Barnburg Hlavn Interlaken Jumbo fide Landon

Tenang

Luceros Lugano

Lukor Marcalien

Manila

Munich

Wontreux Milan

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

.Yon 115,000,000

Head Office:-YOKOHAMA.

Branches and Agencies at:

Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

Mizahun

Dairen (Dalny)

Manila Nagasaki Nagoya

Newchwang

New York

Osaka

Peiping Rangoon

Fongtien (Mukden) Rio de Janeiro

Hamburg

Hankow Harbin ΠΑΣΟΙΑ

Honolulu

Hong Kong Kai Yuch

Karachi

San Francisco

Seattle

Semarang Shanghai Shimonoseki Singapore Socrabaya Sydney Tienlain Los Angeles

Tokyo Lyons

Tsingtau Interest allowed on Current Ac- counts,

Robe

London

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

·HI. MORI,

Manager.

Hong Kong, 11th. April, 1991.

Liverpool

Constanticopis Konte Carlo

Copenhagvit

Edinburg's

Florence

Irklar Pelardo Rotterdam Keana

Bamboul

Shinghal Southamptos

Sing pare - Bt. Mori

Tintain

Vienas Fraise

kobama Zurich

Branches of American Express Company in Principal cities of Unit

ed States of America and Canada.

and Germany.

company are:-

RELIABLE PRINTING

Uuno order.

too small

F. Godber (London), P. Hurillopment of the process. This latter questiont of

(London), H. Jacobson (The artificial control of raw material

Hague), J. B. A. Kessler (London), Manager.supplies--is being given con" Dr. August von Knieriem (Mann- Į

siderable amount of attention by heim), J. E. F. de Kok (The the business world. One hears on Hague), J. A. Mowinckel (Paris), every hand that there is an over- Lieut.-Col. G. P. Pollitt, D.5.0. supply of sugar, rubber, copper,

H. (London),

Yon Rledemann wheat, coffee, silver oil, etc. And (Zurich), and H. G. Seidel (Paris). business leaders are bringing their mature judgment to bear on the problems. Yet it is difficult to know just what their decisions are based

THE BANK OF CANTON, LTD. Established 1912.

Head Office:-Hong Kong. Astoriaed Capital (11.X. Currency) $11,000,000 Peid. Capitat

6,225,800 Rose

1,100,000

Fund

BRANCHES Canton, Shanghai,

laukow, Bursion, Bangkok, New York and San Fractio

CORRESPONDENTS

LONDON DANKZIJ :—

The Lloyd's Bank, Limited

La at prinsipal tities of the World. Poriga exchangs and banking buses of **y deansiplinu inseacted.

Safe Deposit Bain (varieran elmon) ki a yearly rental of trom $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.

Central Bank in Formone

on.

Sugar Restriction.

It is difficult to know, for instance, what Mr. Chadbourne's plan is based on. During the first week in Feb- ruary President Machado of Cuba signed a decree miting Cuba's 1931 sugar crop to 3,122,000 tons in

Chadbourne i accordance with the plan of world curtailment. The U.S. normally depends upon Cuba fer approximately half of its sugar Bupply. A restriction of output will raise the price of sugar: that is the raison d'etre of the plan Unfortunately, higher prices will stimulate increased out- put in countries not involved in the Chadbourne plan. Ultimately the

anyway.

All classes of Commercial Banking Bank Notes Laclid Avenger. 45,000,000 plan will collapse, as did the Cuban

Transactions undertakes.

Personal investment

handled.

BILANGUES AND AGENCI29:

JAPAN 1—Tokyo, Yokohama, Hobe, Onis. accounts FORMOSA YIĞILAN, Bagti Harento, Keelung, Makong, Naat, thinchiko, Tals, Talas,

Takso. Tan, Tous, alto, Ta CHINA-Shanghai, Hankow Ammay,Foochow

Swatow, Cansen,

Co-operative Export

Agency in

1930, with fair disaster for the sugar producers.

Last year the Federal Farm Board

The Company offers to intending OTHERS-Hong Kong. Blogapore, Sosabays, did its best to stabilise the prices

Travellers the use of its "Travelers Chequea" and Letters of Credit and, In addition, the world-wide services of its thoroughly equipped Travel Do-j

partment.

Affiliated with

THE CHASE NATIONAL BANK Resources ..Over Gf2,500,000,000

C. I. BENSON,

THE BANK OF EAST ASIA,

Established 1918.

HEAD OFFICE:

10, Des Voeux Road, Central,

Capital and Hurplus:

Total. Resources

HONG KONG

Semarang, Batavia,

London, New York, Delran.

LONDON BANKEBS -

Calouise, of

The agricultural products, Farmers' income suffered conalder-

To Loudon County Waininstar and Fer's Bankably and the American taxpayer

The Bank hae Coregondente in all the principal footed the bill. This year-so it is Dommernial Chasree throughout the world.

K. MAGURA,

Ыксандрат

HONG KONG BRANCH:

Do Your Bond Cansel. Hong Kong, 19th January,. 1530

》*,

General Manager.¶¶¶¶¶¶

LTD.

over H.S 8,000,000.00

over: H.$20,000,000.00

Every description of Banking and Exchange business transacted.

Gurrant and Fixed Deposit Accounts in local and for

eign currenclas opened for cilenta.

“Bavings Account and Sate Deposit Boxes.

Branches and Agencies all over the world.

KAN TONG PO,

stated the Grain Stabilisation

Company will not operate. The

speculators are sorry.

An International Grain Board.

But now there is a move afoot

to establish an International Grain Board. One of the main, obatacica In the way of its success will be

COASTWISE this if such a Board is to be

by

“ALGIE” BENNETT,

An interesting hook" 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

China Mall Building.

"Chfar- Hanagu:

An

wholly representative the "one-}· man, one-mule, one-plough" system will want its own peculiar interests protected.. And these interests are not compatible with the economic vlow that the world consumer be given. the beneft of productive technique. That, however, is tune of minor importance. The one great obstacle is, of course, that there can be no such thing as an International "Grain Board With Soviet Russia determined ta' fight the capitalistic order on an econo male battlefront there can be no talk-of-International co-operation. It must be clearly understood that Communism is doing everything in |sts power to copy the attractiva. Ltd. features of the capitalistle order's productive technique. And it must be definitely recorded that the Soviet system has possibilities of

minum

THE NEWSPAPER CHINA MAIL BLDG.

+

ENTERPRIS8 LTD.

DE WYNGHAM ST

Yet, how many people have sud- denly acquired tremendous wealth. only to find it an empty bauble.

There are multi-millionaires who get no happiness out of their wealth because of Indifferent health.

Health is our greatest wealth and the finest investment we can make is to pay a little attention to the needs of our bodies. Every one should take an occasional laxa-

ternal organs like a thorough tire, for nothing tones up the in-

For this purpose Pin- cleaning.

ident. Laxative Regulators are kettes, the dainty little Liver and

Pinkettes gantly yet thoroughly disperse the accumulation of stagnant waste matter, the result

of

the incomplete intestinal elimination that occurs to some degree in everybody. Pinkettes prevent constipation as well as relieve it, whilst for blliousness, sick headaches and verishness All they are rapidly effective. chemists can supply you with Pin- kettes. Liver and Laxative Per-

fection.

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

I NEVER CHANGE FROM Gold Flake

WILLSS

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. anytime.always!

GOLD FLAKE

AS

CIGARETTES

GOOD AS GOLD