1931-06-06 — Page 11

“SATURDAY, JUNE"

1931..

BANK S

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorized Ospital m

$44,600,000

freund and Polly Paid va 20,009,009 Besarra Funda

Chillag..........

Tit.............

££,800, DOG 16,000,00

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1863 }

HEAD OFFICE: LONDON,

FFETCHINA MAT

THE HO HONG BANK, LTD.

(Established 1917.)

HEAD OFFICE:-SINGAPORE. Hong Kong Branch: 13. Queen's Rd. C ..£3.000.000 Authorised Capital Straits $20,000,000 8,000,000 £4,000,000 Issued Capital

1,000,000

Paid-up Capital

Reserve Fund

Reserve Liability

of

Pro-

prietorn

Paid-up Capital ... Liabilities .......£3,000,000 į Reserve

71

of Shareholders. Surplus

ALOR STAR

KUALA LUMPIA

(Malay Ba

agencies and Branchen:

AURIBAR

DANGROK

BATAVIA

CALCUTTA

Barva The Lily of Penpriators 28,000,000

Ion. Mr.

HEAD OFFICE. HONG KONG.

BOARD OF DIRECTORS (

floo. Mr, C. 0. R. Maskia, Chairma

Hon. Mr. J. I. Prierman,

theputy Chairman.

A But, 1. E. Pource, Esq.

4. R. Compton, Esq. 1. A. Puttmat, Erg

B. Lapse Lewis, Fau. T. E. H. Phaw, Esq.

Q. Miskin, RAQ.

J. P., Fo

Chief Manage

V..yburn, Esq.

BRANCHES:--

LONDON

CAWKFORE

CEBU

DAYKEN (Dalny

South Mancaria)

FIAIPHONG

ין.

AVOY

BANGKOK

LYONE

BATAVIA

SEAT,&COA

BOMBAT

MANILA

CALCUTTA

MUAR Jobors)

CANTON

MURDER

CHZFOO

NEW YORK

COLON DO

PEIFING

DAIDEN FOOGIOR

HAIPHONG

KAMBURI

JANKOW

HARBIN

MONOXKW

ILNIA

10

JUFFORK

XODE

KOW LAUN

KALAM K

PENANG

-BANDOOR

HATOOK

HAN FRANCISO

SHANGDAN

SINGAPUBE

ROUBADAYA

BUNOK PATAÑI TIESTRIN

TOKYO

TSINGTAO

YOKOHAMA

Currant Account opened Lonal Cherang en Pized apostle wcalea for one you

korter periods in Local Cartery and Berling ets term which will be quoted on application. Bong Kong, th February, 1991.

HONG KONG SAVINGS BANK,

The Binner at the abong Bank la condent- ed by the HONG KONG AND SHANGHAI BANKING CORPORATION. Rules may be chialed on application.

FOR THE OROKONG AND SHANOBAL BANKING CORPORATION.

9. M. QRAYNURN,

Hong Kong, 18th July, 1980.

Chief Mana?»

BANQUE DE L'INDO-CHINE,

HEAD OFFICE:

96. Boulevard Haussmann, Farin

Subscribed Capital Fra. 72,000,000.00 Paid-Up Capital ... Fr. 68,400.000,00 Reserve Funda

Frs.102,000,000.00

BRANCHES: Bangkok Hong Kong Quinhon Rattambang IIue

Salgon Cantho Mengtze Shanghai Nam Dinh Singapore Numea Thanh Fort-Bayard Papeete Tientsin Peking Tourane Pham Penh Vinh Pondichery Yunnanfu BANKERS:

Canton

Djibouti

Haiphong

Stankow Hanol

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

IN LONDON: The National Previo- c & Union Bank of England, Ltd.; Comptoir Nationa d'Escompte de Pari; Credit Lyonnais,

IN NEW YORK: J. P. Morgan A Co., Prench American Banking Cor- poration; Guaranty Trust Co. of New York.

!

Intereat allowed on Current Ac counts and Fixed Deposits according to arrangements. -

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

A. BONNAUD,

CANTUN

COTONDO

DELI

HAMDUBO

KANKOW

HARDIN

Nanodaria)

TONG KONG

11.0

!!!

KTHE

KIANO

KIAR

KUALA KAROHAN

(P.M.8.)

KUCHING

HADZAS

MANILA

MEDAN

NEW YORK

TEKINU

PENAND DANGDON

SAIGON

SEMARABO

BEREMBAN

KELANOMAT

SINGAPORE

BUTLAWAN

BOVBADATA

TAVOY

TAIPING (P.3.8.3

TIENIBIN

TOKYO

TONGKAR (Dhuket)

TRINOJAO

YOROBAMA

ZAMBOANGA

(Philippine Islands)

Foreign Exchange and General! Banking business transacted..

Current Accounts opened and Fiz. ed Deposits received for 1 year of shorter periods at rates which will be quoted on application.

J. STUART,

Acting Manager. Hong Kong, 28th May, 1831.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York.

Capital, Surplus and

Undivided Profita ..U.S.$224,654,298

Branches in:~

ARGENTINE

BELGIUM

BRAZIL.

CHILE

CHINA COLOMBIA

CUBA

DOMINICAN

REPUBLIC

INDIA ITALY JAPAN

LONDON

MEXICO

PANAMA

PERU

PHILIPPINE

ISLANDS

PORTO RICO

STRAITS

CLJGUAY

SETTLEMENTS

VENEZUELA

Commercial and Travellers' Lettors of Credit, Travelters' Cheques, Bills of Exchange and Cabio Transfers bought and sold. Current accounta and Savings Bank accounts opened and Fixed Deposits in local and for- at rates that eign currencies taken may be the Bank,

be ascertained on application to

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. MED. COURTNEY,

Manager, Hong Kong, 20th February, 1931.

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Ofce: 65. Broadway, New York.

Manager.

Capital Sarplus Reserves

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

Head Office:-YOKOHAMA,

Branchen and Agencles al: Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

Changchun

Dairen (Dalny)

Hamburg..

Manila

Nnguanki Nagoya

Newchwang

New York

Osaka

Francisco

Peiping Rangoon Fengtlen (Mukden) Rio de Janeiro

San Seattle Semarang Shanghai Shinonorexi Singapore

Hankow

Harbin

Hour Kong

Honolulu

Soerabaya.

Kaf: Yuen Karachi Коре

Sydney

London

Lo

Angeles

Lyon

Tintain Tokyo Taingtau Interest allowed on Current Ac- counts.

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

HNORI,

Manager.

Hong Kong, 11th April, 1881.

U.S.$6,000.000 .U.S.$1,572,154 .3.5.41,208.200

BRANCHES-

ST

1,000,000

2,526,000

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

Every description of Banking and Exchange business transacted.

TAN ENG HOOI,

Manager.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

NETHERLANDS TRADING SOCIETY)

BANKERB.

Fatahilahed 31934.

Wong Knop Cows-11, Shinen's Rood Central.

Authoriend. Capita? ....... Guildsen 380,000,000- {$11,500,000.) Paid-Tip Capital panna. Gallders 80,000,000

Moparts Fund. .......... Grailden' 40,018,000

{22,834,663)

Hand On-AMBTERDAM*

• Pastes Head Ofise :-BATAVIA, UMANCHES 1- Bandjarmaia, Bandosag*. Bombay, + Endesitin, Cheridon, Djambur, Dioli Jakarta”, The Hague', Jaddah, Kebe, Beta Radja, Makamını, Medan, Padang

Palonbaby. Pekalongan P Pontianak Basgoon" _Bottarius", Hamarang, Shanghai, El boligs Bingsport, Bourable Boerakarta (Holo), Tegal, TiliajaD NO! Relievdoct

• These fires hava asta deposil baxas do lak. Gundam Boukara Katlanal Provincial Bank Lał. Conerosolsate all over the world Banking hurtowe of story

** dracription transacted,

A. STOKKINK.

Hong Kong 12th Augus, – 1500.

Menager.

THE RANK OF CHINA. 行銀國中

Reorganised October 26, 1928, under

NOTE ISSUES

OFFICIAL MONTHLY

RETURNS.

OVER $156 MILLIONS.

Commerce and Finance

The returns of the average amount of banknotes in circula-

SHARE MARKET.

WEEKLY REPORTS BY BROKERS.

CARROLL BROS.

Hong Kong, June 5.

HONG KONG STOCK EXCHANGE.

Opening Daily Official Quotations 6th June, 1931

STOCK

Banke.

Hong Kong Bank ......5 Chartered Bant

Mercantile Dk., AkB. L c. Z

Buy-Sell Sales Nom

OTN

2::::

Bank of Asia .........$123

Insurances.

Canton Ine.

We have to report a quiet market Union Ins...

籍

China Underwriters...

Shipping.

tion and of specie in reserve in during the week with rather Hong Kong, during the month weaker tone prevailing in the ended May 31, 1931,

cer.aspeculative section. Good invest | Gbian Fire Xes. .......₫ 075 tified by the Managers of the rea- ment stocks have remained steady H. E. Fire Ini,.....1805

with the exception of Banks and pective Banks is as follows:-

Average Speels

Unions which are somewhat easier. Ewo Cattons. have, since our last Amrut In Reserve.

Douglaser ... report, improved and at the mo- H. K, Stoboat... ment remain quite steady with Arm undertone.

lado-Chins (Pref.) ... Banka-Hong Kong Banks have Shell Transports ....

(Dcf.)...630 been done down to $2,000 and fur-

Banks Chartered Bank of India, Australia and

China ......$23,612,731 $ 8,300,000" Hong Kong and

Shanghal

Banking Cor-

8,783,017

อ

$19

**

***

それで

|2006/2007 1|| Dea.

เป

སྨཱ?

Lan dividend and when paid

D1

Ayr, -, 31

... 12k

ƒFinal bonus t

|_ A/c 1950 ex, 17|2➡075.44 ..... } | Mar. Hoo,Flm. 7 hrana cfs Highject to

11/Tax making 2/3 for 1030) Mur. —, 02 Dec.in) al 1930 as a

Deo. #9 for 1937 am sureveneen

190 Doa, ƒ Kin. 13than. #15 for 1925)

15.80

Deo.

Intern $13)

Flat 10 for 10201 Interim 14- BC 1230)

Dos. Non

Deo.

(Pinal #9 bonus #}

Feb 23, 81

And 11t for 1920-May 99,81

Interim & ao 1930)

Dea, 50 And bonus $10

144

420

+

*

M

+4

www

241

28

+

+

40

-**

+

jenja

Lum

ther small lots can be had at this Unlon Waterboats ... (28) poration...183,555,944 112,000,000+ | figure. Bank of East Aela hava Mercantile Bank of In-

improved to a buying rate of la, Ltd....

1,350,000 $126. Total...$160,052,692 $121,050,000

• In addition Sterling Securities are deposited with the Crown Agents valued at £1,828,400. In addition Securities deposit ed with the Crown Agents and Stralis Government valued at £2,982,618.

In addition Securities deposited with the Crown Agents valued at £180,000.

The following statement of the securities lodged with the Crown Agents by the Mercantile Bank of | India, Limited, against their notes in circulation, is published for general information under Section 6 of the Mercantile Bank Note Issue Ordinance, 1911, (Ordinance No. 65 of 1911);-

Security

Amount

Latest market price

Ldens.......Tis.

Mining.

Beogunt..... Insurances-Union after rising Kailan Mining Ad, tf- to $635 Ex Div. at which rate shares Langkats (Single)...Tia. changed hands, have dropped away s'hi Exploration...Ta. to $625 sellers. China Under. 마 writers experienced a sharp rise Raube 88 to $5.90 but are now slightly easier Veazuela Gold Fields $ at $5.20 buyers and sellers at $5.80. Canton Insurances are wanted at $1,485 and Hong Kong Fires at $1,365.

Shipping-This section remains entirely neglected with the ex- ception of Waterboats which have buyers at $28.25, but practically no shares are coming out.

95)

1 making 100 for 19

May 19, 91*

May 29, F1

Mar. 20, 81

-10

1 Pending

Mar. 01, 01

***

Deo. Last dividend for 1014.

Dea. @1.00 for 1920 Nene for 1750..... Mar. 4, 10

(12). er 2/-1 on preferred) June 19, 89

Dee. for 1914 and 1925

Laut Urlifend for 1921

Dod. Final Coupon No.

tres I/TAS &/0 1330

Deo. 1-60 far 1130

Deo. Interlu 13 osulavoarjo (Mar. 81,31

|27/6 | Juso #ln, (% free 1/Tax O'pon 13]

makingo for year 206-20). Doo, 20, 20

4.03 Oct. T. 0.50 for year $1-10-29 May 8, 50

Deo. Name

Pinni T. 03

1. making 'C. 0.00 for 1930... Feb. 0, 31

Har.Third fat. 17. 1

| 1 njo pour 21-5-3}

A

꾸

J

***

Docks, Wharves, Godowns, &c. H., & K. Wharris...$ H, K. a W. Decks... South Ch. Motors....

Chine Providents (ald)$ ... 6.30

17

(DCW) $

Lands, Hotels & Building..

**

***

KAS

Hoogkews..........Tis. Lands, Hotels and Bulidings.-N. Engineerlag... Tle. Hong Kong Hotels were done up to Shanghai Docks ...Tls, $17.50 cash but are now easier at 817.20 buyers. Hong Kong Lands advanced to $34 buyers but now sellers at this rate, Hong Kong Realtys are sellers at $14.60. Humphreys after business at $23 H.K. Lands...... have fallen away to $22,25 sellers Shanghai Lands...Th. for the old shares and $21.75 for Humphreys (old) ...$ in 1533/36.£180,000 102-102% the New.

(new) ...$ Mining. There are buyers of H. K. Reakies...

Chinese Estates $ 90 Paid-Up Capital $24,710,200.00 CHANGES IN COST OF Benguets at $8.50 and sellers

Goldfields at $3. Raubs are quicl with a few small inquiries around $38.

special charter of The National Gove ernment as an

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital

Reserve Funds

....$25,000,000.00

.$ 8,820,508,82

HEAD OFFICE: SHANGHAI

HONG KONG BRANCH:

I, Queen's RoadCentral.

We also handle the issue of Bonds)

abroad.

Treasury

Bonds pay- able @ 100

LIVING.

Need for Series of Indices.

T

182

➢::;:སྭཱམྦྷ།

PAT

Deo.

for 1930

Mar. 16, 31

*

- Bar. 19,81

...

168 Deo.

Deo. Laat dividend for 1994 THE WHOLE

Deo. (10 cents on old for 130

10

,ཙཽཉྫ:ཨྰཿ བྦོ

1+1

•

+

101) cents on new!

April 8,81

283

Dec.

Pin, T. il riak. T. 16 for 1030 | May 4, 01

M

Mar. 4 Bi

112

Apr.T. 7 for year 4-30

July 80, SD

Dec. T. 0.25 for 105)

are

H. K. & S. Hotels... 16)

17 17

(E.R.)$

(15)

Doo.co centa for 103

Apr. 18, 01

(Mrs.)5

| Yluni 83 making 4 for 1990)

.$.08

Dec.

I andgton new innom

Feb. 10, B1

141..

Deo.

Hiral T, 18 for 1

1 making T. 21, un oldidaros

Mar. 19, 81

***

21.60 Art

Deo.

80 cauta for 1930

Fab 56, 81

14 14.55

Doo. 1 making 60 centar í

(Final 20 cents for 100

Apr. 15, 81

+

Felz,

for year 25-$50

out of 508-

July 11, 80

++

Doc.T.0.7 ler (DK)

Mar. 19,81

(Apr.

Oct.

and

T. 125 for half year

May 17,81

of

:::

Colton Mill..

"Ewo Cotton.......TI. Shanghai Curton...The. Zug Sing? .......Th.

Public Utilities.

"H. E. Troway...... Peak Trams (old) ...

(new) Star Farica *China Light 11. K. Electrica

Macao

Chis

-

13,600

TE

1!1

101

211

[14]

96

Cottona.-Ewo Coltens, after last going to press, firmed up consider- ably and have advanced to Taels 13.66 buyers. Shanghal Cottons Owing to our namerous branches in

have buyers at Tacks 96 whilst The extreme difflculty of provid-Zoong Sings are neglected. China and large connections in the im portant commercial centres of the ing an accurate cost-of-living index

Docks, Wharves and Godowns. world, we are able to extend to our is discussed in the April issue of Kowloon Wharves are firm at $169 clients special facilities for domestle the Westminster Bank Review. At buyers with sellers holding off. and foreign banking and exchanges. first sight it may appear somewhat China Providents changed hands at and other Public Funds of the Chin- remarkable, it is pointed out, that $5.00 for the old shares but have

and while there are at least five Indices now receded to $5.80. New shares sandikan Tigh ess Government both at home

of British wholesale prices. In gen-are $2.75 with but few buyers. I.K. Tels. fully paid $ SHOU J. CHEN,

eral use, there is only a single index Kowloon Docks are neglected. Manager,

pare paid $ Hong Kong, 5th March, 1931.

which takes account of retail prices.

Public Utilities-Hong Kong

Busca....... TIs. The reason is that the difficulty of Trams have remained steady and S'poreTeuctions(Ord.jaj | *** obtaining suitable data isa far have buyers at $21.50 with sellers

{Pref.). greater in the latter case.

25 cents higher. Peak Trams Yaunati Ferries The prices dealt with in a whole have been inquired for at $14.50 Bale index are almost exclusively for the Old and $6.50 for the New those of raw materials or semi-shares.

Star Ferries have advanc-China Sugen .........$ finished goods, the markets for led to $96.50 buyers.

China Lights Malabon Sugar which are highly localised and pub-after rising to $27.50 have now Cald: Macg. Ord....Th. lieh regular records of quotations.dropped to $27.25 sellers.

Hong Canton Ice Further, the range of such com- Kong Electrics were done up. to cancats (com.) Canico, Shanghai, Hasker. #walow,modities le relatively not very wide, $83.50 but buyers

are now only Dangkok, New York and San Fraasia and It is possible for

(old)........ DURRESPONDENTS

a careful offering $83.10. Hong Kong Tele

(DEN)..... $6.80 selection of as few as forty repre- phones have been quiet at $39 H. K. Ropes & |sentative "grades" to be fused into

nominal.

THE BANK OF CANTON, LTD. Established 1912,

Head Oßce-Hong Kong. Authorized Captial (II.K. Ourtesy) $11,900,000 Paid-up Capital

Beau Fund so

BRANCHES

LONDON BANKERS (— /

The Lord's Bank, Jimited.

In all principal cities of the World

8,065,000 1,100,000

data Depoel Doza (variona sized) si a yearly canial of Tromso 140.

LOOK POONG SHAN,

Amitutio Antrep

200

Guyan

"Aibanj

Basis

Bacila

Bil

Bombay Fin

Hamburg Hatze Interlako Jinsi

Kaple Face Faria Loung

Foreign exchange and bealdua bedness of avers descripsion transacted.

Irking Palando

Bosterdam

London

Stoma

Largood

Mambal

Lunde

Brumla Buecos &ina Calis Oslovila

CADD Colombe Constantinople Oopslagen Fioresos

Edis barg

Lido

FORC

Luzar Warillon Monte Carlo

Manila

Munich

Bangal Sculliampton Kingstones B. Moriss

Irelia

Vint.D

Vesice

SCHEIN 1930

Zurich

Manteres Millsa Branches of American Express Company in Principal cities of Unit

ed States of America and Canada,

an index giving sufficiently accurate results for most purposes.

were

"

Ir

Industrials.

Prel....Tia.

www

***

M

ww

LIG

ལྦ།::་zeg;

JUDD T. As for yer 31-8-30 Oct 14 80

Doc.in fent for 19... Fob. 97, 81

making a cente

on pt for year

Apr.cle on now! 30-43)

|Doc #6 For 1932), arose were repres

June 16, 30

Doo.

Sept. Pinal 50 eta. Ajo yr. 33-4-30............

$9.50 for 1030

Fola, 19, 91 Doc. 15, #3 Mar. 18, 81

・100.

это ра

12

Jupe Nuus

53

isel

tad

Sopt.

Deo. Pinni

making 10% 1933 16.60) Deo. T. 6.50 for 1920

jijiź on preference slazenį Babject to income lak...!

Mar. 12, 91 Feb 95, 30

Feb. 5, 81

**

la.70

In Liquidation.

*

130

Doo, P. 6.60 [ 1930

Mar. 4, 1

14

10

Doch für 1930....

Mar. 31,81

July Non

21.70

**

(centa on old) for (930 Mar. 18,51

15 Doo. 10enta an new

22.40 Doo. 75 cents for 1934 MAT. 27, 91

142

***

Deo. $1.50 for 1930

Mar. 18, 91

Oct. 15 cents for year 31-130 Mar. 10, 61

AFE

90

... as

1.85

3.85

Fol Last dividend for year 32-34

18

***

Fob.

Stores, dc. Miscellaneous-Cements |booked at $21.50 but buyers wil Dairy Fanna On the other hand, the products not now pay more than $21 with Won Chief Manager. which emerge when these materials sellers at $21.20. Canton Ices Der A Wings

have passed through the manufac have been inquired

for at $4.30. Lane Crawfords turing processes and reach the Hong Kong Ropes have remained Mackintosha hands of the retall consumer are around $22.25/50 and there are now in THE BANK OF TAIWAN, LTD. legion. They are sold, not in a few sellers at $22.25.

(TAIWAN GINKO.)

Dairy Farms Wm. Powell .40 centralised markets, but in hun after touching $31 can now be had

Miscelaneous. dreds of thousands of retail estab. at $30.50. lishments throughout the country.

Amusements are want-i ed at $20 for the Old shares. Con-H.K. Amusement (old)

(new)$ structions are buyers né $8.95.

UŁAD OFFICE:-Taipeh, Formosa Incorporated by Special Imperial Charter, 1899.

•

Ch. Entertainment ...$

A Formidable Task. If a compiler of a retail price Lane Crawfords are sellers at $8.95 H. K. Construction... $8.87 Index succeeded in overcoming these and are likely to drop further in: d. Ind. G. Bonds...70% All classes of Commercial Banking Bas Dosted Average soul1 Yan, 45,000,000 difficulties and arriving at reason-view of the fact that no dividend H. X. Govt, Loans...$3% Pres

Transactions undertaken.

Personal

handled.

investment

Eccounts

+

Feb. 1 for your 29-8-21 Apr. 20,81

25 contatar your 23. Jode 14, 20

***

Mar. $250 for star 11-14)

17

44

1 – ja, dodat

Dos. w konte for 1930 y

Sept. 21,80

Apr. 97, 01

***

201

External half yearly

Central Back in Formon.

BRASCIIES AND ADENCIES: JAPAN-Tokyo Yakuza, Kobs, Oak

ably representative quotations for a will be paid for the past year. FORMOSA Iran, Engl. Ascunks,

Keung range of finished commodities, he Watsons have been less inquired for: Mekong. Nazio, Bilanhiku, Talaba, Tainan, would still be faced with an even and there are

now sellers, at $16.]*Speculative sharan. “Sulas to Shanghai.| Takao, James, Toon, Halis, Telto. OHINA-nakow, Amoy, Foochow more formidable task. The extent Powells are now wanted at $4.60.

Blow, Cat. The Company offers to intending | 018885:dong Kong. Biegapors, Sorabe, to which different commodities en-China Entertainments have small Travellers' the use of its “Trivelers

London, New York, Del."

Bombay, Calitater into family budgets varies buyers at $17. in addition, the world-wide services The London Domaly Waminster and Farr's Bank enormously between a farm labour- of its thoroughly equipped Travel Do- partment

Cheques and Letters of Credit and,

Affiliated with

THE CHASE NATIONAL BANK Resources .,Over $2,500,000,000

Bemar

Bataria, LONDON BANKERSI

Comal stem throughout the world.

-Exchange.The T.T. rate On The Back has Correspondents in all the principe scale and a millionaire's

er's household at one end of the London is 11d. and on Shanghai

at the 80. other.

Forward, Settlement Days.-June These observations suggest twe 23, July 28 and August 25, 1931.

conclusions supremely Important which apply to all coat-of-living |

1. NAGURA.

Manage.

HONG KONG BRANCH:

De Vaud Blood Central Hong Kong, 1948 January, 1970

C. II. BENSON,

General Manager.

THE MERCANTILE BANK

INDIA, LTD.

OF

THE BANK OF EAST ASIA, LTD.

Established 1918. ·

HEAD OFFICE:

10, Des Voeux Road, Central.

HONG KONG

-Capital and Surplus

Total Resources

ÚEAD OFFICE

14, Oracechurch Street, Lowden, ZO.L

Authorised Capital

Subscribed Capital

Paid-up Capital

.£3,000,000 1,800,000 1,050,000

Reserve Fund and Rest 1,650,845

DANKYES

The Bank of England à Midland Bank, L4.

Berrich

Bukayin

Bomber

Landy

BRANCHES

Ipob

Kareck

Kola Okaru

over H.J 8,000,008.00

Colomb

Kuala Krai

karin over H.$80,000,000,00

Debl Qalle Hoog

-1

Bowish

* Every description of Banking and Exchange business transacted:

Current and Fixed Deposit Accounts in focal and for- elen currencies opened for clients.

Savings Account and Safe Deposit Boxes,

-- Branches and Agencies £11. over, the world.

KAN TONG PO

Chint: Manag

New York

Fanag

indices. First, it is impossible to the possibility of obtaining more construct any single index which comprehensive numerical measure- shall be representative of conditions ments.

EXCHANGES.

TO-DAY'S QUOTATIONS. On London- Bank, wire ... 11% Bank, on demand... 11% Bank, 4 months' sight 11 3/16 Credits,

months'

11.13/16

11 15/16

Bight Documentary, 4

months' sight

On Parls-

On Berlin-

affecting all classes of society. The Without prejudging the results of On demand underlying factors demand the crea- such an inquiry, one or two broad Credits, 4 monthe'.

sight tion of a series of indices, each principles would seem to follow from based on a careful inquiry into the the survey made above. The actual circumstances of a narrowly defined collection of data, under any system, On demand

On New York- social, group. Second, einca social could probably best be left in the conditions on the one hand and the bands of the Ministry of Labour, On demand nature and quality of the goods who have the necessary machinery Credits, 60 days'

sight offered on the other are constantly for obtaining the enormous mass of changing, the component parts of figures required, and who enjoy thei

On Hombay- every Index must be frequently good will of the many public and Wire I revised.

private authorities and officials On demand The conclusion which the Review whose co-operation Is essential.

On Calcutta- Finally, it is practically certain Wire comes to is that the cost-of-living index is in no sanse a satisfactory that no single index number of re- On demand ...... measure of the movement of retail tail prices can be satisfactory for Ou Singapore prices as a whole, and second, that all purposes. A preliminary to fur On demand It is a very dangerous weapon in ther progress must be an exhaustive On Manlia- Trusted and Executorships, ander. current economic controversy. If it investigation into the different On demand.... "token" (la

be vitally necessary under present qualities and quantities of goods in- On Shanghai- INTEREST allowed on Cirani Lionis xal conditions to know how Zetail prises cluded in family, budgets based or On demand Fland Dell as the 207. De maffia[ană | are behaving, it is essential that a incomes of varying amounts. In Dollar

careful inquiry should be initiated the long run, the only reliable guide On Yokoham@---- ****preferably... under official auspices will be not one but a series of retall On demand but with expert outalde, aid into price indices.

overeigns (Banka

buying rate)

Park Losla

(MM) Bangoon Bhangbed Kuala Lumpur Bimi veg Kuantan (Pubang) Biogaporn,

Boursinya

HONG KONG DRAKCH, "

Kvery description of Beakius sad Exchange bod

Traveller Cheques llosed." -

C. L. BANDES,:

Manager)

29th April, 1931.

Silver (per oz.)

12

Bar Sliver in Hong.

Kong

Copper Cash

Nom. Nom.

8% prem.

3%

p.a.

| Capper Centa

Rate of Native In

terest

Chinese Sub. Coin. 24%% die. Hong Kong Sub. Celn Par.

LONDON EXCHANGES

Rugby, Yesterday.

Paris

124.30%

675

New York

4,86. 9/16

615

Brussels Geneva

34.92%

25.09%

Amsterdam

12.09

Nom.

22 0/16

23 11/16

Milan Berlin Stockholm Copenhagen Oslo. Vienna

92.064

20.50%

18.15:

18.16

18.16%

34.62

321⁄2

Prague

164

622

Helsingfors

193

Madrid

50%

62%

Lisbon

110%

62

875

Bucharest

817

40%

Rio

29/16

Buenos Aires

38 15/16

45%

Montevideo

20%

Bombay→

1/53⁄4

1/2

64% dla

21-%

Hong Kong

-11%

45%

11%

121

Silver Forward.... 12/

British Wireless Service.

"Athens

Shanghai

Yokohama

Silver Spot.