1931-06-01 — Page 2

BANK S

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authored Capital

Innual and Pulls Paid-up

* Funda:-

Alorling...

$50,000,000 $30,508,000

£8,500,000 16,000,000

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

HEAD OFFICE: LONDON. -Paid-up Capital

THE HO HONG BANK, LTD.

(Established 1917.)

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

4,000,000

£3,000,000

Reserve Fund

24,000,000

Authorised Capital Straits $20,000,000 Issued Capital

8,000,000

Reserve Liability of Pró-

prietors

Paid-up Capital

4,000,000

.£3,000,000

Reservo Liabilities

Agencies and Branches:

of Shareholders Surples

J7

ALOR STAR

(Malay Haton,

AMITHAN

KADRAS

MANILA

Besursu "Zako? čiky of Proprietors... 358,000,000 HE OFFICE HONG KONG,

BOARD OF DIRECTORS: —

Hon. M. C. G. H. Mastia. Chairman.

Hon. Mr. 3. J. Petenon,

Deputy Oksirman.

ilon. Mr. H. Bali, T. E. Pearce, Zaq.

I. Compton, Esq. 3. A. Pusner, East.

B. Leader Favla, Esq. T. 11. 4. Bw. Eng.

3. Miskin, Yog.

J. P. Warren, Esq.

Chis! Manager.

V. M. Draghorn, Esa.

BRANCHES:---

LONDON

BANGKOK BATAVIA

BOMBAY CALCUTTA CANTON CAWNPORE GENU

COLOMBO DAIREN (Dolay

Hout Stanbury)

DELJIT

ANOT

BANG BUA

BATAVIA

BOMBAY

CALCUTTA CARTON CHEFUO COLOMBO DAIKEN FOOCHO

HAIPHONG

MASOUKU

HANKOW

HARBIN

HUNGREW

11.ALO

IPIL

JOKONE

KUBE

KOWLOON

KALA LUMPUR

1.TONS

MALACCA

MANILA

MUAR (Jobors1

MURDEN

NEW YORK

TEIPINO

PEBANO

LLA NUOMON

SAIGON

BAS FRANGING»

SHANDHA

SINGAPORE

HABATA

SUNDEL PALANA

TIENISER

TOKYO

BESOTA

TOKOHAMA

י

Current Aria opened in Lexal Currency acul Find Dipole iced te hue year or shorter purious to fural Curray and Bleeding on sa hich will be quoted an application. Hong Kong, February, 193,

HONG KONG SAVINGS BANK.

The Deities of the above Bank is conduce."

ed by the ON KONU AND RANG? BANKING CONTORATION.

ahtained on pleation.

Bules may be

FOR THE NORONG AND SHANGHAI

BANKING CORPORATION.

V. M. GRATIURN,

Bong Kong. 18th July, 1930.

Cbis ManagNT.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussmann, Paris.

Subscribed Capital Fra. 72,000,000.00 Pald-Up Capital... Frs. 69,400,000.00 Reserve Funds

BRANCHES. 2000,000.00,

Bangkok flang Kong Quinhon Battambang Hue

fantho

Canton

Djibouti

Mengtze

HAIPHONG

HAMBURD

HANKOW

MARTIN

(N. Mancherli

TONG KONG

HIGHLA

SPON

KARACHI

RLANO

KODE

KUALA RANOKAR

(Parak ...)

KUALA LUMPUR KOCHIING

MEDAN

NEW YORK

FRRING

PENANG

BANGDON

NATION

SEMARANG

BEREMDAN

BELANGRIAL

SINGAPORE

SIDLAWAN

HOUBABAYA

TAIPINO (F.M.B.)

TAVOY

TIENT SIN

TUR YO

FONORAL (Bbute) TSINGTAO

TOKOHAMA

ZAMBOANGA

(Philippine Islands)

and

Foreign Exchange

Banking business transacted.

General

Current Accounts opened and Flx-

el Deposits received for 1 year or which will shorter periods at rates

be quoted on application.

J. STUART.

Acting Manager.

Hong Kong, 28th May, 1931.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 65, Wall Street, New York.

Capital, Surplus and

Undivided Profits..U.S.4224,554,208

Branches in

ARGENTINE

BELGIUM

BRAZIL

CHILE

CHINA

COLOMBIA GUBA

DOMINICAN

REPUBLIC

INDIA ITALY

JAPAN

LONDON

MEXICO PANAMA

PERU PHILIPPINE

ISLANDS

PORTO RICO

STRAITS

SETTLEMENTS

URUGUAY

VENEZUELA

Commercial and Travellers' Letters

of Credit, Travellers' Cheques, Bills; of Exchange and Cable Transfers Current accounts bought and sold. and Savings Bank accounts opened and Fixed Deposits in lecsi and for- at rates that may be ascertained on application to the Bank,

Saigon Shanghal Nam Dinh Singapore Numea

eign currencies taken Thanha Fort-Bayard Papeetu Tientsin Haiphong Peking Tourane Bankow Phom-Penh Vinh Ilanoi Pondichery Yunnanfu

BANKERS:

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

IN LONDON: The National Provin- cial & Union Bank of England, Ltd.: Comptoir Nationa d'Escompte de

Part; Credit Lyonnais.

IN NEW YORK: J. P. Morgan Co., French American Banking Cor poration; Guaranty Trust Co. of Now York.

Interest allowed on Current At- counts and Fixed Deposits according to arrangements.

Every description of Banking and Exchange Business ansacted. Safe Deposit Boxes to let.

A. BONNAUD,

We are aho 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 Nico.

F, McD. COURTNEY, -

Manager. Hong Kong, 20th February, 1931.

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway, New York,

THE CHINA MAIL.

and

Commerce

Finance

THE EMPIRE'S TEA ports of the latter for 1929 were

INDUSTRY.

2,526,000 New Marketing Method

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

Every description of Banking and Exchango business transacted.

TAN ENG HOOI,

Urged.

The need for developing new world markets for tea the tea gardens of the Empire are to con- Manager.tinue working at full capacity is

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(N 21HERLANDS TRADING BOCIETT)

BANKERS

Established 104-

Koag Lơng Offos :mil, Quesa's Blood Central,

Kvikarkınd Capisal nama Oulidare 150.000.000.

(,,000. Pald-Up Capital Quilders 80,630,000 10,487.1301 Maserte Fund

Qudidars" 48,019,00€ (0,234,580)

421.3 million lb, whereas the Unit- ed States, although ranking as the second largest importer, took only 89.8 million lb.

Regarding the development of the American market, the report urges a joint effort on the part of Indian and Ceylon interests in popularising tea-drinking in the United States,

+

stressed in the Imperial Economic TRADE OF COLONY.

DIFFERENCE IN PRICES AN

Committee's eighteenth report on

tea.

At the moment more ten can be grown than the market can imme. diately absorb. Nevertheless, the committee does not believe that the limits of consumption in the United Kingdom have yet been reached, in spite of the fact that consumption por hend reached 9.20 lb. per annum in 1929.

ADVERSE FACTOR.

YARN PRICES STEADY.

The following reports have been supplied by importers to the Hong Kong General Chamber of Com-

merce:

Colton piece goods and fancy cottan goods.

The committee does not anti- cipate no speedy a rate of expan-

Enquiries are reported for fancy sion of consumption in the Unit- ed Kingdom in the future as in goods, quick shipment, and a few the past. Competition from for small lots have been accepted. The cign sources will grow, but Em-dealers would have been prepared

Head Offer-AMSTERDAM, Eastern Head QÔN:-BATAVIA. BRANCHES |– Bandjarmada, Bandowag", Bombay,

Calcutta, Cherthon, Diamber, Dip Inkarta, The Hague, Jadda, Koba, Kola-Balju, Kakassar, Mylan, Pedang Palembang, Pekalongan Papire producers have such a start Postlanak Bangoon, Botterdam") Метальд

Bhanghai,

elbal

in the trade that they have more (Sumatra) Singapore, Barakarsa (Rolds, Topal, Tylla;op and

to gain from a vigorous effort to Weltevreden

extend markets. In production, manufacture, transport and dis. tribution, tea is to an exceptional degree an Empire industry.

• Then offices have and deposit boxen to a Tendon Dankers --National Provincial Daņi Låd. Correspondents all over the world Banking budowa of stary deartiption (ranas-tað.“

A. STORKINE.

Hong Kong, 1814 Auguel, 198o.

Hest.

THE BANK OF CHINA,

行銀國中

In 1929 exports of tea from the British Empire amounted to over 633 million b.; of this total India provided 380 million b. and Cey lon 251 million b. Three other countries. Nyasaland. Empire South Africa and Tanganyika, contributed the balance. In the sume year exports from foreign

Reorganised October 26, 1928, under countries totalled just over

267

to operate on a larger Beste had not the difference in prices over last year's booking shown such a wide disparity.

The latest cotton prices to hand are those of Mar 28 viz. Middling Egyptian

American Spot 4.80. Sakel. F.G.F. Spot 7.800.

Woollens. The market appears to have ful- let the season's requirements and except for odd lots of Black Vene- tians on new qualities and a few novelty styles there is nothing of importance to record.

MONDAY, JUNE 1, 1931.

MEXICO'S DEBT.

FINANCIAL AND DIPLOMATIC HISTORY,

on

On the Amsterdam Bourag April 7, says the Financial Times, the Sumatra tobacco share market displayed a buoyant tone in an otherwise listless session, Dell Maatschappij. for instance, rose in

22 points to 281, after touching 295, on very large buying orders, con- mainly

from the Dutch East Indies.

The many British investors the large volume of Government bonds and other securities nected with Mexico and quoted on the London Stock Exchange, a big percentage of which has for many years been in default, are natural ly interested in details of that

country's indebtedness, and to them no doubt will particularly appeal Mr. Edgar Turlington's new book. "Mexico and Her For- eign Creditors," says the Finan- cial Times.

The present volume is one of a sories of studios on "Mexico in In- ternational Finance

£200,000 SYNDICATE.

DOCTORS SUSPECTED OF SMUGGLING.

Fashionable doctors af the Hollywood film colony suspected of having smuggled large quan- titles of drugs into the homes of and Diplo-film stars are to be the subject of niacy," representing the product a searching Inquiry, following the of researches conducted under the discovery here of a £200,000 drug auspices of the Columbia Univer-syndicate.

sity Council for Research in the The discovery was made by Social Sciences, and made possible' Federal narcotic agents who raid- through the grant of funds to that ed an East-side flat and found a body by the Laura Spelman Rocke- quantity feller Memorial.

of narcotica and the names of more than 100 custom- ers, mainly doctora.

Raided Agency.

The title of this volume and the series might suggest that the book is a conventional treatise on the The bend of the Government financial status of n debtor coun- narcotic section says that he has matic negotiations between Mexi- try, or a politlent history of diplo- not, so far, discovered the names of any film actors or actresses in co and her creditors, but it is the drug agency's lista. It is, something more than either of 'however, pointed out that doctors" these. Combining financial and sometimes act "bootleggers" diplomatic history, it throws new. of drugs because addicts fear pub- light en both. Diplomatic ar-

licity. chivos, loan contracts, Anancial report and political history alike have been drawn upon during five years of co-operative research provide materials for a more com- prehensive synthesis than would ordinarily be possible for an in- dividual investigator to undertake single-handed.

While,

to

The raided dope agency was a "mail order" supply organisation.

Drug traffickers throughout the United States know that there is a rich market for their drugs among a certain hectic section of Holly- wood's the film metropolis have told tales film colony. Visitors to

of all-night parties at which opium, heroin, or cocalne

are to

38 stated above, the volume should particularly appeal.be obtained. to Investora;, it will also well re Not all the tragedies caused by pay study by students of inter- narcotics are allowed to come to The latest prlees to hand are national finance and diplomacy, as the notice of the public, but both those of May 22, which show a de- it is a dispassionate exhibit of the Alma Rubens, who died of pneu fsets representing one of the most monia, and Captain W. D. Taylor, D. all round.

Prices for yarn ap- important instances of inter of the Famous-Lasky studios, who pear to be steady,

national borrowing with all its in- was found abot in 1922, were al- Metals.

teresting diplomatic accompani-leged to have had relations with Market dull, Home and local menta and repercussions.

the dope pedlars of filmdom. prices down.

special charter of The National Gov-million lb., Java and Sumatra pro-cline in "tops" of about d. per

ernment as an

INTERNATIONAL EXCHANGE

BANK. Subscribed Capital ....$26,000,000.00 Paid-Up Capital .$24,710,200.00 ..$ 3,820,603.82 Reserve Funds

HEAD OFFICE: SHANGHAI

HONG KONG BRANCH:

4. Queen's Road Central.

vided 161 million lb., China 73 million Ib and Japan and Formosa 32 million Ib.

Good Quality,

Although Empire tea is almost always of good quality and, at its best, the finest in the world, the sale of Netherlands East Indies tens are making progress United Kingdom in the cheaper. blends. The committee attributes

in the

Owing to our numerous branches in much of this increase to the fact China and large connections in the im that the consumer is often unable portant commercial centres of the to distinguish the Empire product world, we are able to extend to our and so cannot exercise a volun- clients special facilities for domestic tary preference. It believes that and foreign banking and exchanges.

We also handle the issue of Bonds pure Empire blends could be plac- and other Pablie Fonds of the Chin-ed on the market to meet every ese Government both at home and purse and every taste. abroad,

SHOU J, CHEN,

Hong Kong. 5th March, 1931,

Manager.

Hong Kong, 1st May, 1931.

Capital Surplus Reserves

.9.$0,000.000 U.S.$1,672,464 U.S.$1,008,209

A

BRANCHES :-

imalardam Antwerp Athena Elanla

Ganos

No

BIMEOW

Napice

Derliu

Dimerila

Bombas

Etemad

Brasmis

tice Are

Calro

Calcutta Canute Calotaku

Herana Hesburg Hatre Luterlaken Jerusalem Lédo London 1rarpool Lucarue Lugano

Frans

Faba Pobierz

Palermo

Bolterdam Bese

Ivice Harmellam Honte Carlo

St. Moril

Incila

Kuaích

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

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

Yen 115,000,000

Head Office:-YOKONAMA.

Branches and Agencies si:

Alexandria

Batavia

Berlin

Bombay Calcutta

Dairen (Dalny)

Manila Nagasaki

Nngoyn

Newchwang

New York Osaka Peiping Rangoon Fengslen (Muklen) Rio de Janeiro Hamburg

San F

Francisco

Seattle

Shun

Hankow

Harbin

Hong Kong Honolulu

Kai Yuen

Karachi Kobe

London

Los Angeles

Singapore

Soerabaya

Sydney Tientsin

Tokyo

Lyons

Tsingtau 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.

Constantinopla Copenhage Edinburgh

Florado

Hontrous

BLES boul Bhasha

Sthangiom Bingapore

7.antain

Vienna

Forice

Yzkobara Zuriab

DAVATE

Brunches of American Express Company In Principal cities of Unit- ed States of Amerles and Canada.

All classes of Commercial Banking Transactions undertaken.

Personal 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

Affliated with

THE CHASE NATIONAL BANK Resources Over G$2,600,000,000

C. II. BENSON,

General Manager.

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICE:

10, Des Voeux Road, Centrai,

Capital and Surplus Total ResourceS

TONG KONG.

over H.$ 8,000,000.00 .... over 1.380,000,000.00

Every description of Banking and Exchange business traniacted.

i

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

Savings Account: and Safe Deposit Boxes. Branches and Agencies all over the world;

KANTONG PO,

Chiof-Manager.

Manager.

THE BANK OF CANTON, LTD. Established 1912.

A considerable portion of the Indian and Ceylon crop comes to auction in Calcutta and Colombo for direct export to the countries of final destination, especially to Australia and New Zealand, the Far East and America. The centre of the tea trade remains, and is likely to remain, in Lon- don; for not only is the United Kingdom the largest consumer of tea in the world, but London's re- export trade in tea is in itself Shanghai, Backow, Below greater than the tea import of the Can, New York and Ban Prese

CORRESPONDENTS.

United States, the next largest im porter. In all nearly two-thirds of the world's tea trade is dealt with in the United Kingdom mar- ket.

Head Offee:-Hong Kong, Authorial Capital (1.X. Curraney) $11,000,000

·Pad-lip Capital ......

8,085,000 Basatre Fund

1,100,000

BRANCHES

LONDON BARKERS ;-

The Lloyd's Bank, Lámited,

In all principal cities of the World

Forsiga ohange and banking bealsson of every description transacted.

Beta Deposit Boxen (various utana) ni a yearly rental of Trum $5 to $40,

LOOK POONG SHAN,

Chief Manager.

China's Decline. China is no longer a serious competitor in the tea market, as she now only supplies 8 per cent. of the world's exports, as compar ed with 73 per cent. and Ceylon. But Java and Suma- HEAD OFFICE:-Taipeh, Formosatra, with 18.6 per cent., are of

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

Incorporated by Special Imperial Charter, 1899.

Central Bank la Formosa.

from India

| growing importance. "From the time the preference in the United Kingdom was reduced in 1924 to two-thirds of a penny," states the report, "the import of tens from Fur- Java definitely increased. lugther, the year 1920, in which the duty was removed altogether, wit-

Bank-Notes sasued Average amount Xon. (5,300,000 BRANCHES AND AGENCIES, JAPAN Tokyo. Yokohama, Kobe. Omake. FORMOSA-Oiran, Zag Karenko.

Malong, Nanto, Belschiku, Taiebu, Telan Takao, Tamaul, Toon, Haito, Talto,

Swalow, Chaton.

Uniontin

CULINA 1-Shangusi, Handow, Amey Poochow neaked an exceptionally large in- OTHERS-Hong Kong, Singapore, Barabaya,

Beng

Belaria, bombay, Leden, Now Tock, Dairen.

LONDON BANAEES! Lonica County Waller and Part's Bank, Tha Beak has Corespondente in all the principal Commeric Centres throughout the wor

The

HONG KONG BRANCH:

K. KAGURA

8, Des Youx Blood Cent Hong Kong, 19th January, 1939

Мили

crease in the import of those teas -nearly 15,000,000 lb., an increase of practically 26 per cent.

Dealing -with

the London market, the report states that the outstanding feature is the remark- able degree in which buying is now concentrated in the hands of a few powerful combinations→→ principally blenders and distribu- tors of proprietary blends..

For producers, no less than for distriifutors and consumers, A

****COASTWISE steady level of prices, la the ideat.

by

"ALGIE" BENNETT.

An interesting.book of Cartoons depicting "Happening" on the China Coast

PRICE $1.00.

Now on sale at BREWERS

WHITEAWAY, LAIDLAW EXCELSION BOOK STORE. and at the Publishers ::

The Newspaper Enterprise, Ltd. China Mail Building.

and it is arguable whether, now` that concentration among buyers has gone

so far, some form of concentration among producers might not be an advantage.. 'Pro- ducers both. In India and in Cey- Ion have formed associations for dealing with matters of common Interest to the trade, but there has been no attempt to develop a central-selling organisation.

American Consumption. The estimated total and per capita consumption of

86 cou- tries la given in the rephrt. This shows that the United States comes a long way behind the Unit- ed Kingdom in consumption, al though her population is thres times greater; her consumption

greator, being less than a quarter of that of the United Kingdom. Bulk im-

Flour. Stock: American 400,000 bags, Canadian 80,000 baga, Australian 30,000 bags. Market: Firm.

CHINA'S LOANS.

ANOTHER BIG ISSUE

DENIED.

Nanking, Saturday. The Finance Minister empha- tically denies the truth of re- ports

One drawback to the volume is that, although only just available in Britain, it does not deal with the new

agreement reached in July last between Mexico and the International Committee of Bank- ers and the recently revised plan which will come before the special sitting of the Mexican Congress in a day or two.

SUMATRA TOBACCO.

Abundant Rains Give Better Crop Prospects.

circulating that the Nationalist Government, in addi- According to telegrama received tion to their $80,000,000 Con- at Amsterdam abundant rains set solidated Tax Loan, which is now in on the East Coast of Sumatra being issued, proposes shortly to in carly April so that the danger issue a further $50,000,000 Joan of another unfavourable Sumatra secured on the German-Austrian | tobacco crop has probably been Boxer-Indemnity funds.-Reuter. I averted.

BOOT UPPERS.

Leeds Finds a New Use For Wool.

The endeavours of the Wool In- dustries' Research Association at Leeds to find new uses for wool have resulted in two important diacoveries. Laboratory work is now being carried out to develop

woot as uppers of boats, an imita tion leather finish being applied. The new material is reputed to be more durable than leather, as it does not crack or rot, and it also is suitable for general uphol stery. The other discovery is the use of worsted yarns as electric cable insulators, for which orders have been placed,

so good to my throat!

"Don't you adɑre that wonderful "Embassy flavor?“ Indeed.yes. caressing to my throat!"

and they're so

Embassy

CORK-TIPPED

YOUR THROAT LIKES THEM