1931-06-17 — Page 2

BANK S

'HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised. Contras

Dead sad Paily Pald-up $30,000,000 Benarva Pandai

Str. £ 1,30€. FOR ............... $10,000,000

Reserva Filatelity of Proprietors $25,000,000 HEAD OFFICE: HOSO KONU,

BOARD OF DIRECTORS:-

Find Mr. . 0. H. Maria, Chaltens.

Kan. Mr..

Hog. Mr. J. Palaran,

D-puty Chalaman.

thell, T. Pouren, Es.

1. 17. Compina, Eng. 1. 3. Tunner, Exq

B. Lander Lewin, Paq. T. 1. R. fher, Esq.

G.' Miskin, Eng.

BANKON

BLATANTA BOMBAY CALCUTTA

CANTON

CEEPOU

COLOM DO

DANIEN

FOOORGW HAIPHONG

UAML

MARKOW

HABBIN

HONOREW

ILO

I

JORBE

KULE

KOW LOUN

3. Warzes, Esq.

Chief Mannast.

9. М.. Полувига, Каф.

BRANCHES--

KEALA LUMPUR

LONDOS LYOKS MALACCA

MANILA

MUAD (chor

MUKDEN NEW YORK

PRIPING

PENANG

ILANGDON

SAIGON

SAN FRANCISIN

MILANOMAL

STAGAMRE

NARAYA

SUNGRI PATANI TH,STAIN

KRA

ISINOTAU

FORMAYA

Boueat Aroonie spatial ja Leent Carqueir and Plind Depodia ord e banju or share plenty to Leral Currencs, and Sterling ob Leticia watch will be qarted on applenti

Ing Houg. 2016 February, 120),

HONG KONG SAVINGS BANK.

The Budies of the store Bank te cundunt. RONG AND SHAROITAT

ad by the

BANKING SLPOORATION,

abtalem ar mjjalentinti.

Tulan may be

FALL THE HONOKONG AND STARONAL

BANKING CORPORATION,

V. M. RAYBURN,

Hong Sony, 16th July, 1990).

Chiel aent.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussmann, Paris.

Suliserbed Capital Fra. 72,000,000.00 Paid-Up Capital...Frs. 48,400,000.00 Reserve Funds ....Frs.102,000,000.00

-

BRANCHES

Cantho Mengize

Nam-Dinh

Canton

Bangkok Hong Kong Quinhon Battambang Hue

Saigon Shanghai Singapore Thanh Tientsin Poking Touranc Prom-Penh Vink Pondichery Yunnanfu BANKERS:

Djibouti Numen Fort-Bayard Papeete

Haiphong

Hankow Hanci

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

IN LONDON: The National Provin- cia & Union Bank of England, Ltd.; Comptoir National d'Escompte de Paris; Credit Lyonnais.

IN NEW YORK: J. P. Morgan à 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,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, .1853. HEAD OFFICE: LONDON. Pald-up Capital

£3,000,000 Reserve Fund

.£4,000,000

THE

THE HO HONG BANK, LTD.

✓

(Established 1917)

CHINA MAIL.

NOTES

Commerce and Finance

ON BRITISH 8,000,000 INVESTMENTS,

HEAD OFFICE:-SINGAPORE. ilong Kong Branch: 13, Queen's Rd. C. Authorised Capitol Straits $20,000,000 Issued Capital ....

4,000,000 Paid-up Capital

4,000,000 +1

2,626,000 Hranchés. Agencies and Correspon- | dents in the principal cittee of the world.

Reserve Liability of Pro-

prietors

£3,000,000

Agencies and Branches:

Reserve Liabilities of Shareholders Surplus

ALOR STAR

KUALA LUMPUR

|(Malay Stated]

KUCHING

AMRITSAS

MADRAS

CHANGKOR

MANILA

MEDAN

NEW rok

BATAYIS

BOMBAY

CALCUTTA

UANTON

LAWNPORE.

GREU

COLOMBO

DAIRES (Day.

bush Manchuria

DELU

AIPONG HAMBURO ЦАККОЯ

HARDIN

(N. Maneburial

NUNG KONG

LUCLO

KARACHI

KJANG

KORE

EPALA KAKONAR

(P.1.8.)

PEKING

PENAND

JLA NUOR

BAIGON KEMARANG

SEBEBAN

SILANO HAT

SINGAPORE

SITIAWAN

ROUBABAYA · TAIPING (P.M.8)

TAVOT

TISNTAIN

TOKYO

#kabel) •

YONOMIANA

ZAMBOANDA

(Philippine islands)

General

Foreign Exchange and Banking business transacted.

Current Accounts ahened and Fix- Deposits received for 1 year or shorter periods at rates which will he quoted on application,

J. STUART,"

Acting Manager. Ilong Kong. 28th May, 1931:

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 55, Wall Streel, New York.

Capital, Surplus and

Undivided Profits .U.S.$220,037,392

Hranches in

ARGENTINE

LONDON

BELGIUM

MEXICO

BRAZIL

PANAMA

CHILE

PERU

CHINA

PHILIPPINE

COLOMBIA

GUBA

PORTO RICO

́DŪMINICAN

STRAITS

REPUBLIC

INDIA ITALY JAPAN

URUGUAY

ISLANDS

SETTLEMENTS

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 Deposita in local and for- eign currencies taken at rates that may be ascertained on application to the Bank.

Every description of Banking and Exchange business transacted.

TAN ENG HO01,

"Orderly Retreat" of New York Prices. Prices on the New York Stock Exchange have recently moved down conalderably.

£38. per cent. It is redeemable by 1958, by a sinking fund, or at 105 at any time on three monthe' Manager changes, including those in Britain, notice from the company.

On all stock ex-

WEDNESDAY, JUNE 17, 1931.

loweat Ав

Lord Macmillan appealed to em-exports and Imports the ployers to give opportunities for figures for more than 2 years. the formation of savinga associa compared with the corresponding tions among their people. One of two months of 1930 the total ex- the most impressive things that had changes show a falling off of 4,093,- happened in the history of Britain 000,000f, the imports being down was that although it was only about by 171⁄2 per cont, and the exports by' 15 years since the, first savings cer- 31 per cent. There is a decline in Hificate was issued £786,000,000 had the imports of raw material to the

position. The average profits of been invested in savings certificates extent of 60 per cent compared the last five years provided a five They were no doubt wondering with the corresponding period of fold cover for the interest, and the what was going to be in the Mac- ¦ last year, while the export of manu- net assets shown as available in the millan Report. Ho sometimes factured goods has fallen by 30 per last balance sheet covered the stock | thought he would like to know him- cent. about four times.....

The diminution of French for- self---(laughter)--but they would Interest is paid in March and have no "blazing indiscretions" from eign trade during these two months September. The stock ylelds about him. Nevertheless no one could was not confined to money values spend his time as he had done for alone but is also seen in the quanti- many months past in investigating ties of goods exchanged. Whereas the great economic and financial the import tonnage of raw material problems of the country, without declined by 15 per cent, the export Cheery Resulta.

having one thing brought home to tonnage of manufactured articles shares which are also deal: in on

Shareholders in Marks and him beyond all others—that no fell by 20% per cent. The results Wall Street have therefore been

Spencer Ltd., the chain store com-financial expedients, no monetary are deemed all the more disappoint- NEDERLANDSCHE HANDEL.marked down. For this

pany, have every reason to be schemes, however ingenious, would ing since it is usual. to expect alone developments on Wall Street thoroughly pleased with the results ever take the place of character. large seasonal rise in February. MAATSCHAPPIJ, N.V.

are of interest to investors in Britain. They are also ou interest for the year to March 31 last. Pro By all means let them have the beat The sole consolation the French NETHERLANDS TRADING NUCLEI VI

some $5 per cent. higher financial system that they could, the business world can derive from the in so far as Stock Exchange activity than for the previous year at beat monetary system, and the best result is that Industrial importers is an Indicator of general business £422,022 against £298,588; the or- administration of their currency. of raw material are able to take conditions.

dinary dividend is raised from 20 But all these things were in vain some advantage of the declino da The fall in New York prices was per cent. to 30 per cent.; and a unless they maintained the charac-| world market prices. not disastrous and has been describ-share bonus of one share for every ter of the people for enterprise and ed as an "orderly retreat," but it

BANKERS

Esteblieben 12,

101 Bag Oteli, Spain's Bond Gamarai. Bukorland Capital Guldvan 180,000,000

(£12,800,000,1 -Up Capital

......................... Outle

123,2,115) Latert Pazduilders 40,029,800 (28,834,883;

BRANCHES

reason

on the

and AMSTERDAM” Earser end' Ulow:-BATAVIA.

Bajorada, Laudwig Bombay,ber, and four months' progress, whe Calcutta, Charlie, Djember, Dak wiped out in a week. Jakarta". The Hingus*, Jeddan, Kots. Kota-Hadja, Makassar, 2ndan, Faimism |

Pontianak, Rangoon Butterdam", Axtarmax (Sutra), Bingapura, Sombre

Wattovredati”.

S

* off here ante deposit boxes in lat. London Bukan 1-Nathoon Proviumsal Dank Luả. Correspondenta a over the world Barking basinern of sterz description transzeled,

A. ETUKLINE,

Houg Kong, 8th August, 1920,

Manage

fits are

distributed. Last June the com-:

was used

It was most significant that.in

was a retreat sufficiently marked to ten ordinary shares held is to be probity. eatise some anxiety. Prices went back to the low level of last Decem-pany issued £1.000,000 in 6 per the British language the word cent. preference shares at 218. "aterling," which was applied to The rise in profits is, however, by British currency, had also acquired no menus solely attributable to this the secondary meaning of what was In watching movements Palembang Tekaloogen, Fe New York Stock Exchange allow. new capital. The debenture, stock upright and honourable. It would to pay off existing in- be an evil day for Britain when Sibalance must be made for more fre debtedness. The employment of the through bad advice or declining forskaria (Foto), Tegal. (Tilalquent and more serious fluctuations proceeds of the preference issue is spirit of enterprise and vigour we

compared with movements in

roflected in a rise of £487,000 in the ceased to maintain our admiration. Britain, fluctuations often ac.

book value of frechold and leasehold for those qualities. "These are the centuated by "drives" one way or properties and a rise in debtors very testing times of character," the other. Even so, however, in the and payments in advance from anid Lord Macmillan, "and unless long run prices correspond to profil.£5,000 to £417,783 while it is stated we are willing, ourselves to work earning prospects in Industry.

that there are commitments relat-harder and save more, to show the Those pospects Are for from ing to capital expenditure on stores spirit of self-sacrifice instead of bright.

shortly to be opened.

self-seeking,. I tremble for the Railway, telephone, steel, building i

Over £550,000, however, in cash future of our country." and other companies are all showing was still available on March 31. lower profits. Some concerns show These results, enhance the already sales maintained as far as quantity high standing of Marks and of goods, is concerned, but at lower

per cent. Spencer, Ltd., £71 7 Reorganised October 26, 1928, under prices this cannot of itself prevent cumulative preference shares, which, special charter of The National Gov lower profits. The hope encouraged stated, were Issued last June, ernment as an

by the President that business and now yield about £5 188. per INTERNATIONAL EXCHANGE -

would adjust itself without wage cont. They were covered about six reductions is diminishing and in times by last year's profits, and $25,000,000.00 that case labour conflicts scem in form an excellent industrial invest ..$24,710,200.00 [evitable.

ment-Straits Times's London Cor- Meanwhile, the prices of primary respondent. .$ 3,820,603.82!

commodities such as rubber and copper continue their downward courses. In fact, all around there. are sigus that "hundred per cent- ism" is not working as it should, and in lowering its quotations Wall

THE BANK OF CHINA.

4

BANK. Subscribed Capital Paid-Up Capital. Reserve Funds

1

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH: 4. Queen's Koud Central.

Ap

Owing to our numerous branches in

We are also able to offer our Cus China and large connections in the im./Street is being wisely cautious.

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, June 10, 1931.

THE

AMERICAN EXPRESS COMPANY, INC.

Head Oce: 45, Broadway, New York.

Manager.

Hong Kong, 1st May, 1931,

Capital Surplus Resorves

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

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

..Yen 115,000,000

Head Ofce:-YOKOHAMA,

Branches and Agencies at:

Alexandria

Batavia

*Borlin

Bombay

Calcutta

Canton

Changchun

Dairen (Dainy)

Hamburg

Hankow

Manila

Nagasaki

Nagaya

Newchwang

New York

Osaka

Peiping

Rangoon

San Francisco

Scattle

Fengtien (Mukden) Rio de Janeiro

Harbin

Hong Kong

Honolulu

Kai Yuen Karachi.

Kobe London

Los Angeles.

Lyons

Semarang Shanghai Shimonoseki Singapore Soerabaya

Sydney Tientsin Tokyo Tainglass

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, 1981.

,,

.0.5.30,000.00

U.S.$1,572,454 U.S.$1,908,204

BRANCHES:-

Sinar Jaco

Nios

Antwerp

Athro

Barly

Bulia

Biarrita

Bombay

Предна

Brussela

Almagan Haraka

Harro Interlaken Jerusalam Lido Loudon

Kaplas

Pizuale Paria

POERUS Teking Partha

Bunade is"

Cairo Calcatta

Liverpool Guserise

Luguan

Dolembe

Contantivepla

Copthag Edinburg Fluo Geder

Luxor Marseilles Monte Carlo

Ai Kealoh Montre Sitten

Butiran

Samboul Stanghal duthampton. Singapor His, Marita Tienlaid Vier.as

Frake Yokohama Zurich Branches of American Express Company la Principal cities of Unlt ed States of America and Canada.

Brewery Shares.

Whenever Budget day approaches,

BRITISH THRIFT.

SIGNOR MUSSOLINI'S

TRIBUTE.

L

GET Frères

7

PİPPERMINT The

Queen

Creme Menthe

An excellent digestive taken mast,

The most refreshing

long drink when

Laken with

Sóda

Water

Distilled at REVEL (H& Garonne).France by GET Frères since 1798.

COASTWISE

by

Major-General J. E. B. Seely, Chairman of the National Savings Committee, quoted figures which, he said, Signor Mussolini, who' fecently received him, could hardly believe, The small savings in the main 21115813|2|56|8526|53|||||||||¶¶ channels of popular savings had in- creased from £600,000,000 in '1914 and £1,433,000,000 In 1921 to £2,018,000,000, in 1931. One pound unita showed à continual growth, indicating clearly that the people of Britain in those hard times were continuing to invest and increase their savings. Mussolini's comment on these figures was: "It shows that you have in your people the three great requisites which must be the only foundation of a great nation-self-control, self-discipline, and self-respect."

"ALGIE" BENNETT.

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

PRICE $1.00.

Now on sale at

BREWERS

The Lord Mayor (Sir Phene purtant commercial centres of the world, we are able to extend to our clients special facilities for domestic some nervous holders of brewery Neal), presiding over the City of and foreign banking and exchanges.

FRENCH FOREIGN TRADE. We also handle the issue of Bonds shares are tempted to sell, fearing London National Savings Commit. daty on, beer will tee in Merchant Taylora Hall, E.C., and other Public Funds of the Chin- that additional

The French trade returns for the WHITEAWAY,' LAIDLAW ese Governmont both at home and depress the price of their shares.announced that 16,000,000 certi The optimists who bought shares fcates were sold. in Greater London

of the current EXCELSIOR BOOK STORE. SHOU J. CHEN,

prior to the announcement of the during the year ended last March first two months Budget have now good cause to re- 31. This was an increase of 3,850, year once more reveal the extent to .Hong Kong, 5th March, 1931. ̧

000 over the previous year. The which France has become affected and at the Publishers joice, as with no additional tax on total sale in England and Wales in by the world economic crisis. Al- The Newspaper Enterprise, Ltd. "the trade" its shares have quickly the same period was 63,141,504 though there has been a slight re-

abroad.

Manager.

THE BANK OF CANTON, LTD.

Established 1912.

Bead Office-Hong Kong. Authorised Capital (H., Currency} $11,000,000 6,555,800 Ped Up Capital

1,100.000

Reservs Find az iga

BRANCHES ;--

Canion, Shanghai, Benbow,

Becom

recovered in value.

554.

It is as well, however, to examine certificates, an increase of 10,516,- covery in February as against January both months show for the prospects of the brewery Indus- try under present conditions. It is well known that beer consumption per head of the population in Britain has declined since 1913 from, roughly, 28 gallons per head

Bangkok, New York and Ban Frasson. Per annum to 20 gallone. On the

CORRESPONDENTA

LONDON RANKERS —

The Lloyds Bank, Limited,

In a principas chiles of the World.

Pareiga szodange and basking business of vary description frasscled,

data Deposit Boxes (various sinus) aš a yearly tagasi al from 10 10 240.0

COOK POONG SHAN,

Chief Manager.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO.).

HEAD OFFICE:-Taipeh, Formosa,

Incorporated by Special Imperial, Charter, 1899.

Central Bank in Farmona,

other hand. people are still willing to pay even dearly for their beer. It has been estimated that in 1913 $167 million was spent on alcoholic drink in the United Kingdom, while in 1930 in Great Britain alone £2771⁄2 million was so spent.

Of the total sum spent on the "drink bil nearly one half goes 'to the State by way of taxation and about one-tenth in profit to brewery companies. All companies, how fever, do not make the same propor tion of profit. Investors should therefore select judiciously those companies in which they intend to invest. The larger companies have

All classes of Commercial Banking Bank Notes used Average incut 5,000,000 nearly all a good record. Transactions undertaken.

Personal talled,

investment

:

accounts

The Company offers to intending Travollers the use of it "Travelers Cheques" and Letters of Credit and,

BRANCHES AND AGENCIES: JAPAN:-Taka, Yokohama, Sobe, Usaka,

falno, Tanimal. Toad, Heito, Taito,

Bass, Ratcliff and Gretton, for PURMOSA -Ol Xagl. Erako, Kaslung.example, paid 19 per cent., on their Along, Nanto, Shinsaku, Talehu. Talnas, ordinary shares which now yield CUINA:-bhaighat, Hankow, they, Foochow nearly £6 58. Per cent, while Hingapore, Brabaya, Arthur Guinness paid 85 per cent. 01-Hoog Log

Hamarsey, Batari, Boutbay, Calorita,

and the shares yield about £7 per

Swarzm; Canton,

London, New York, Datzen.

In addition, the world-wide services The London County Water of its thoroughly equipped Travel De- partment

- Affiliated with

THE CHASE NATIONAL BANK

Resources..Over $2,500,000,000

C. H. DENSON,

General Manager:

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICE:

10, Des Voeux Roád, Central,

Capital and Surplus

Total Resources

HONG TỔNG

over H.S. 8,000,000.00 **LUMOTER HL.$30,000,000.88

Every description of Banking and Exchange businesa:

transacted, at GAAN

· Current and Fixed Deposit Accounts in local and for

ign currencies, opened for cllante,

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

KAN TONG PO

Chlef Man

LUNDON BANKERS Pare's Back.

gent. Mitchells ordinary shares now yielding about £6 per cent, re- The Bank has Correspondents' in all the principal coived a 15 per cent. dividend and Watney, Combe Reid; yleiding near-

Commercial Caztens skroughout the world,

K. NAGURA.

HONO RONG BRANDUÍ

3. Den Vans Road Content, Hong Kong, Bih January, 1995

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFTICE 1

--15, Öronchurah Streek, Landes, E.01

£3,000,000 "1,800,000

Authorised Capital Subscribed Capital- Paid-up Capital 2,050,000 Reserve Fund and Rest 1,660,845 BANKERS 1

Bangkok [pok

„Midland Hack, Ltd.

New York - Dataria entreten Kandy: „Bombay M5 Kariabl

Calculia Kola Bhart

Madden (Maurtina).

·Dolazba:

Bastgoon Dalhi Pa Kuah Kapla ¿Ubarglari

Kuala Lumpur per Blade Hong Long Kunsten (Fabang) Singapor Howrah

HONG KONG BRAMOH.

Every descriplan of Beating and Exchange bond

· Travellers · Cheques- Samaid, je vhod

Trustee and Krecutorships under

DENTAKESTO allowså-on-Kursak 5 Laenná

·Fund "Depoalie as Bals that may bey ön application

L SANDES,"

AVTIL 1981

ly £8 per cent. received 21 per cent..! In all cases the dividends wore earn- ed with a margin to spare.and-com- pare well with recent years.

Amusement Industry. Provincial Cinematograph Then- tres, Ltd. is the largest cinema owning concern in the country. It owns or controls through Ita sub- sidiaries over 300 cinema, theatres, many of which have dance halls or restaurants adjoloing. The com- pany itself is controlled by the powerful Gaumont British Picture! Corporation and its association with this group ensures it a steady flow of attractive films, int

The result of the strong position of the PCT, combine. Is seen in the profita figures which over the past; four years have risen from £348,809 to £505,809 (for the year to January 31 last). The company has been conservatively financed a wise pre- caution in view of the unstable nature of the amusement industry —and has a strong reserve fund.

Provincial Cinematograph Thea tres, Ltd 8 per cent. first mortgage debenture" wock la In a well-secured

China Mall-Building.

2ƑÆ

Yet----

AS MODERN

AS THE “TALKIES"

The best things in life never grow stale. Bom back in the crinoline days, even now THREE CASTLES remains a leader among the finest Virginian cigarettes.made. A. good friend-an honest smoke there's no sweeter tobacco comes from Virginia and no betterbrand than the THREE

CASTLES.

THREE CASTLES

CIGARETTES

FAMOUS FOR FIFTY YEARS