1931-06-18 — Page 2

BANK S

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorize Capital

$50,000,0 inued and Fully Pudup (3,000,000 Lavara Funde:-

clog. £,800,000

10,00,000

Meer Tilly Proplanes #29,000,000) BRAD OPPICE, HONG KONG.

Кол. М

BOARD OF DIRECTORS 1-

Bow, M.' . . 8. Mackla.

Charman

1. 3. J. Paterann,

1'eputy Chairman.

H. Hall, T. Ya. Pourco, Eg

A. B. Complon, Esq. 1. A. Mumsner, Esq.

B-Lander Lawin. Eng. T. 1. N. Shaw, Eaq.

.. J. P. Warren, Eso.

0. Miskin,

43003

BANABOR KATAVIA,

JBAY

ALEPITA

CANTON

Pol

COFA/SEBE

DAMEN

VOUCITOY

HAITRUNG

HARDUNU

YANKOW

BAMMIN

NOMIKEW

HARLO

IMAT

FRYDRE

KOW LIAIS

Chief Menegat,

V. 1. Greykum. Esq.

BRANCHES:-

$4 LPUR

LONDON

LYONS

MALACCA

MANILA

MUAR okami

MUKDEN

NEW YORK

PEITINO

PENANG BANGOON

SAIGON

SAN FRANCISO

SHASUHA

SINGAPORE

SOUHAHAYA

SUNGE! FATANS <TIRSISIN

110.

"

TSI PAO YDROTAMA

surau Accuvinte opted to Local Guita mus Staed Depomile tried for o

in Lori Currency and Biosti

korte will be gusted on' application.

thank Kong. Mit Peliny, 1981.

HONG KONG SAVINGS BANK.

This the above Ilank la conduce 18 Os ROM AND SHANGRA Bules may be DANKING CORPORATION, chaled do pallatios.

FOR THE BONOKONG AND SHANGHAI RINKING CORPORATION.

V.M. ONAYRUNN,

Hong Kong. 18th July, 1900.

Chiri Mataster.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussmann, Paris.

Subscribed Capital Frs. 72,000,000.00 Paid-up Capital... Frs. 68,400,000.00 Reserve Fans Frs.102.000.000.00

Bangkok

BRANCHES:

Hattambang Blue Catho

Canton

·Djibouti

Haiphong

Hong Kong Quinhon

Saigon Shanghat Mengtre

Singapore Nam-Diah

Thanha

Tientsin Tournne

Nunion

Fort-Bayard Papeete

Hankow

Hanoi

Peking Pnom Penh Vinh Pondichery, Yuanuntu BANKERS:

IN FRANCE: Comptoir Nateral d'Escompte de Paris:" Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel of Commercial; So- else Generale.

IN LONDON: The National Provis cia & Union Bank of England, Ltd.: Comptoir Nationa d'Escompte de Paris; Credit Lyonnin.

IN NEW YORK: J. P. Morgen

French American Banking Cor CW. poration; Guaranty Trust Co. of New Tork.

Interest allowed on Current Ac. counts and Fixed Deposits according to arrangentents.

Every description of Banking and Exchange Business transacted. Safe Deposit Boxce to let.

A. BONNAUD,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858. HEAD OFFICE: LONDON, Paid-up Capitol

+ (Sulay Slates)

ANKITSAB

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917)

HEAD OFFICE: SINGAPORE. Itong Kong Branch: 13, Queen's Rd. C. £3,000,000 Authorised Capital Straits $20,000,000 $4,000,000 Issued Capital

Paid-up Capital Reservo

Liabilities

of Shareholders.

8,000,000 4,000,000

4,000,000

Commerce and Finance

f

DEPRESSED TRADING, During the year under review

. .

CONDITIONS:

2,620,000 Whiteaway, Laidlaw &

Branchés, Agencies and Correspon in the principal cities of the dents work.

Every description of Banking and Exchange business transacted.

TAN ENG 8001..

Reserve Fund

Reserve Liability of Pro-

prietors

£3,000,000

Agencies and Branches:

Surplus

alon Strak

KUALA LUMPU

KUCHING

MADRAS

MANILA

MEDAN

NEW YORK

PEKING

PHRANG

RANDOOK

SAJOUS

SLMARANG

SEREMBAN

SHANGHAL

SINGAPORE

SITIAWAN

KOURADAYA

BASTINGX BATAVIA BOMBAY CALCUTTA CANTON

GAWNPURE-.

HBD

COLOM

DALEN (Dalog

Baru Stenariat

-DELHI

HAPONO

IAMBUnd

BANKOW

MARDIN

18. Meoburlat

HUNG FONG

זויft

197133

KABAGHI

REANO

BUBB

KUALA KANGĦAR

"Tarek P.M.9.) ̧

Foreign

TAIPING M.8.) TAVOY

TIENTSIN

TOKYO

TSIN (Dbukel)

YOKOHAMA ZAMBOANGA

Exchange

(Philippies feladat

And General

Hanking business transacted.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V. NCIVEBLANDS THADING 800ILTT

BANKERS

Establiskan 1824, dong Kong Vidos:-il, Yusen's Hand Dessen. Authored Capils! Ouilders. $50,000,000

112,500,000.1 Ouliders 80,040,500 (26.069,370) Ouilders 10,819,000 (3.00)

Príd-Up Capital

Meserve Pund.

*

which will

Current Accounts opened and Fix- ed Deposits received for 1 year 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: 55. Wall Street, New York.

Capital, Surplus and

Undivided Profits..U.S.3226,037,192

Branches in:

ARGENTINE LONDON

ISLANDS

BELGIUM

MEXICO

BRAZIL

PANAMA

CHILE

PERU

CHINA

PHILIPPINE

COLOMBIA

CUBA

PORTO RICO

DOMINICAN

STRAITS

REPUBLIC

INDIA ITALY JAPAN

URUGUAY

VENEZUELA

SETTLEMENTS

Commercial and Travellers' Letters of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfera Current accounts Lought and sold." and Savings Bank accounts opened and Fixed Deposits in local and for- at rates that eign currencies taken

may be ascertained on application 'to the Bank.

We are also abla to offer our Cus tomers the services of the Branches

Co., Ltd.

Mr. Thomson and Mr. Forward visited the East and were some months at the branches in India, Burns, and Ceylon. Their reports to the board wore very informative, and the conclusion drawn from them is that our managers were making strenuous efforts to cope with the present difficult situation, that an excellent condi- stocks wore in tion, and that all possible economies in working were being effected.

is

The twenty-third annual general Manager.meeting of Whiteaway, Laidlaw and Co., Limited, was held on May 12

In acknowledging the services of at the offices of the company, 5, Cripplegate Buildings, London, EC. the company's staff, both abroad and Mr. Mence Wilkinson (the chair in London, must make special man and managing director) pre- mention of the loyal services of the aided. The chairman said:-The managers in charge of our numer

branches: When trade accounts we are asking you to adopt us to-day cover a period of serious de- normal they can anticipate receiving pression and difficulty. None of the at the end of each financial year a countries in which our business is substantial percentage of the profits carried on has escaped, and, in made at their branches, and are common with practically every other thus compensated for their arduous business operating in the Near and duties and the responsibilities they Far East, the results of the year's have to carry.

When profits are small, or non- trading are unsatisfactory,

The depressed trading conditions existent, their management allow- Calcutie, Chariben, Djember, Djok all over the world are well known, ances are their sole remuneration jakarta. The Elegua, Jadda. Kobe. but I may be permitted to remind for a year's work under trying con- Kotn-Hadju, kaksanar, Hadası, Fadens

the peculiar difficulties ditions in a tropical climate. I am, Penang, you Palembang. Pasalongen, Poulinsk Baugos, Botterdamwhich affect the countries in which as a matter of course, in close touch Blogapore. thirably we are established. In India tho with all the managers, and I wish political situation sufficiently ac-ehareholders to know that they are counts for a substantially reduced doing their best in the interests of turnover. The boycott, which the the company.

I now beg to move: "That, the was to remove, Delhi Agreement

the directors and the shows no sign of abatement, and report of the statements which have been statement of accounts as at Febru made that there is an improved ary 28, 1931, be and are hereby demand for British. goods have no approved and adopted." Mr. J. Thomson seconded the resolution, foundation in fact,

wad Oos-AMSTERDAM Easter Hand OM-BATAVIA. BRANCHES 1- Bardfarmasin, Bendwog. Bomber.

Bagh

Soerakaris (Bolo), „Jugal, Tillujap ow! Waltevreden,

• These offices bare safe deposit botar to Jet. Lendas-Bankers-National Provizual Bank Led. Corpoeduse all over the merid Banking business of every description trasnačsad.

A. STOKKINK.

Hong Kong. Ith August, 1280.

Manager.

"

-THE BANK OF CHINA. 行銀國中

of

A telegram from Bombay 'which which was unanimously carried. then proposed the in The Times stated The chairman appeared that the Bombay Congress re-election of the retiring director new (Mr. A. Forward), which was proposed

ita start-

Reorganisel October 28, 1928, under picketing campaign throughout the seconded by Mr. J. H. Lewes and

carried unanimously.

special charter of The National Gov-city, which was to include the Euro- ernment as an

INTERNATIONAL EXCHANGE

BANK,

Subscribed Bapital

Paid-Up Capitai Reserve. Funds

pean shops on Hornby Road and

elsewhere the Fort. Picketing was in operation during the greater' $25,000,000.00 part of last year, and is said to be

2

BRITISH COTTON,

WORLD.

$24,710,200.00 in accordance with the terms of the DECLARED THE BEST IN THE

very $1,820,503.82 Delhi Agreement. It is n

serious hindrance to carrying on our legitimate business.

HEAD OFFICE: SHANGHAI..

HONG KONG BRANCH:

4, Queen's Road Central.

Uneconomie Prices.

The. uneconomic prices realised for rice rubber, tin, sugar, and other Burma, Owing to our numerous branches in commodities produced in China and large connections in the im-Ceylon, the Federated Malay States,

Mr. T. W. Bastin, chairman of Bastin Merryfield and Cracknell, Loudon, has returned from a tour of Continental markets, and what he

has convinced him that! has seen British cotton goods are the best. "My knowledge of textile markets," he said, "extends over many years, and my recent visit has shown me two things.

of the International Banking Corpora-portant commercial centres of the the Straits Settlements, Java, and world, we are able to extend to our Sumatra have curtailed the purches ellents special facilities for domestic

customers in ing powers of our We also handle the issue of Bords those countries to a serious extent. and foreign banking and exchanges. and other Public Funds of the Chin- This, has resulted in reduced trade made in Britain In the printing, ese Government both at home and and loss of profits. Manager. abroad.gam

tlon in San Francisco and Spain and also of The National City Bank of New York (France), S.A., in Faris and. Nice.

F. McD. COURTNEY,

Hong Kong, June 16, 1931.

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway. New York.

Manager.

Hong Kong, 1st May, 1931.

Capital Surplus Reserves

LIMITED.

THE YOKOHAMA SPECIE BANK,

Established 1980.

Capital (fully pald-up) Yen 100,000,000 ..Yen 115,000,000 Reserve Fund

Head Office:-YOKOHAMA,

Branches and Agencies at:

Alexandria

Batavia Berlin

Bombay

Calcutta

Canton

Changchun

Manila Nagasaki

Nagoya

Newchwang

New York Ozaka

Pelping Rangoon Pengtien (Mukden) Rio de Janeiro

Dairen (Dalny)

Hamburg

Hankow Harbin Hong Kong Honolulu Kai Yust Karachi

Kobo

London

Los Angeles Lyons

San Francisco

- Seattle

Semarang Shanghai Shimonosek!

Singapore Scerabaya

Bydney Tientsin Tokyo

Taingtan

Interest allowed on Current Ac- counts.

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

H. MORI,

Manager. Hong Kong, 11th April, 1981.

SHOUJ. CHEN,

Hong Kong, 6th March, 1931,

"One is the progress we have

colour and design of cotton. Even Conditions were slightly better in those in the trade would hardly Manager.Siam, the profits of our Bangkok have expected not long ago that so an advance would be so branch being fairly satisfactory. dolinite In China the fall in the value of quickly made. The other thing I

is that goods to equal) silver resulted in a corresponding have seen depreciation in exchange. Our yours, whether in cotton or rayon are average remitting rate for the year not being produced by any other from Shanghai was 1s. 134d. to the country in the world.”

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Hong Kong.

Authorised Ampila? (H.K= Cummy) $13,000,000 18,685,000 Pali-Up Capita]omanti Reserve Fund

1,400,000

U.8.$6,000,000 U.S.$1,572,454 U.S.$1,008,200.

BRANCHES--

Aktardam ANIARD

Albans

3 WHOL Glasgow HATAOS

Berlin

Niew Sapine Pizha Paris l'enong

in a

Dimeriza

Bombay

fukin Palermo

Прав Brusela

Bounce Alm

Calco Calonite Cannes Coloraba

Constantinopla

Copophagun Edinburgh

Plorado

Elsburg

www

Lak

Jutusiom Lide Londat Literponi

Lugod LUROF

Jusallion Moats Carto

عالموعد

Munte

Rotterdam Note Stamboul Shaugh

deaths pton Singapore Si, Mori

Tintain

We

Viri-ba Yokohama Zurick

Monirega ...Miłam Qandya

Branches

Express of American Company in Principal cltles of init. ed States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Personal investment

decounts

bandled

BRANCHES:-

Canton Yanghai, Biokov, Azzam,

Bangkok, New York and Baci

CORRESPONDENTS

LONDON BANKERS

The Lord's Bark. Liid

principal nitira of the

Foreign lange and banking business of >ry decalpainiz Sentracted.

haf Dapeut Borne (vazivan land as a zeurly' Dental al from 15 to $40,

LOOK POONG SHAN,

Chief Manager.

dollar, as compared with 1s. 7%d. Mr. Bastin, who is vice-president| in 1929-30 and 1s. 11d. in 1928-29, of the London Employera Associa Higher rates of Customs duty also tion, added that he was glad the cotton trade was determined to fol help to curtail trade.

the con-

I regret to report that a serious low up the success achieved by the fire occurred at our premises in White City Exhibition in February. Shanghai in November, last. Al-National Cotton Week, was an though the loss was covered by in- opportunity to continue surance, trade waa interfered with curted effort on which so much de- the for some time.. In Kenya Colony pended. The industry and the settlers depend entirely on the large-scale buyers had begun the prices they obtain for their crops, movement at the exhibition. Now which throughout the year have the retailers and the public would been very low. As a consequence continue it. our customers have had less money to spend, and our five branches in

THE BANK OF TAIWAN, LTD. this territory have contributed only a small amount to the general result.

(TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formosa,

Incorporated by Special Imperial Charter, 1899.

Central Bank in Formoen,

Year's Trading Profit. After dealing with the balance- sheet figures the chairman said:~~ The profit and loss account shows a

"In this way," said Mr. Bastin, "much can be done to restore the cotton trade to the position which it ought to occupy.".

BRITISH TRADE.

MORE EMPIRE - EXHIBITIONS

SUGGESTED...

Bank Noise waved Average about Ys, .000.000 trading profit of £75,288. From this we have to deduct £16,923 for

Mr. Gilbert Rich, founder of the BRANCHES AND AGENCIES: JAPAN Tokyo, Yokohama, Hobe, Dnaka. FORMOSA la Eagarako lang income-tax and £22,834 for depre- British Export Society, auggested, Hakow Nanto, Bhimesiku, Tabhu, Talaan,ciation on buildings, plant, furni at the annual conference of the The Company offers to intending CHINA, Tankow. Amor, Foothow,ture, and fittings. As on the stock, Incorporated Sales Managers' Asso- Travallers the use of its Travelers on Sapors, Barbare, we have made full provision for ciation at Cheltenham recently that Cheques" and Letters of Credit and,

Oleate, depreciation on buildings, ote., and, similar to that held in Buenos Aires,: premises have British Empire. trade exhibitions, moreover, all our of its thoroughly equipped Travel De- The Looden County Waimina and Pair Bank been kept in a thorough state of should be arranged in other foreign partment.

in addition, the world-wide services

Affiliated with

Takno, Tamui, Toen, Halla, Talla

Swatow, Canton

Bou Semarang, BalaTE, Leudon, New York, Dares.

LONDON BANKERS:

The Bank has Correspondants is all the principal Commerial Cenirne throughout the world,

X. NAGURA.

mar, Stanager,

B. Des Vaux Bond Cal

•Hong Kong, 19th January, 192

THE CHASE NATIONAL BANK HONG KONG. BRANCH;"

Resources Over U$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 CÙNG

and Surplus

Total Resources

over H. 8,000,000,00 over H.$30,000,000.00

**Every description of Banking and Exchange, business-

Current and Fixed Deposit Accounts in local and fors

currencies? opened for clients in

Savings Account and Bafe Deposit: Boxste Branchen; sad. Agencies all over the world.

TONG PO

YOU

repair out of revenue.

and Dominion markats, where there! The balance carried to balance were sufficient opportunities for the is £30,669, which, together sale of British goods in quantities alcet with £26,102, balance brought for to justify the expense Incurred. ward from the previous year's Mr. Rich mentioned as countries accounts, makes a total of £57,071, worth considering for exhibitions From this has to be deducted the South Africa, Brazil, India, China, dividend paid on preference shares, Sweden, Norway, Denmark, Holland, $41,500, leaving. a balance of end Spain. He Included India, ho £15,571, which the directos recom said, because we badly needed some- mend should be carried forward to thing to help us to regain on lost

ARE INVITED TO INSPECT OUR next year's accounts.

STOCK OF ASIATIC FOREIGN AND COLONIAL

POSTAGE STAMPS

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

GRACA&CO. Doklerstin Postage Stamp

STREET TONG RỪNG

YESTER AY'S SOLUTION.

HAR

ORE CODE ARUSH HEN DONGE

* PAOD PAIS PAT CLONL HOLDIN ANG

EROD ARD SEA OPRERËR

BANA SYSHARE

TERN NESC

trade in that country, even if we had to do it by introducing new

He also suggested that it might be in the interest of our export trade to manufacture a second line of goods of a lower quality than our standard ranges to be sold, in addi- tion to the best quality goods, at cut prices.

NO

The demand for cheaper goods would be met by others whether we fall into line or not. The question affected many tish manufac turers at the pres time when Practically all sean countrica uties-on

were putt NG most importa. comba

this was t

.

THURSDAY, JUNE 18, 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, Kowloom. Finest Situation on the Peninenia. Large Airy Rooms with Full Benefit of the Cool Sea Breezes, Unequalled Culsine,

Phone T'et, 56734.

Proprietream:Mrs. Gardiner.

MARBLE HALL

Cable Add. **Karview."

21, Nathan Rd, Kowloon. Tel. 57089.

A Select Private Hotel furnished with an eye to the comfort of Ita Tenants, Single and double suites, of rooms with privale bath- rooms attacked,

Overland China Mail.

A WHOLE WEEK'S NEWSPAPERS IN ONE.

Further details of the disaster to H.M. Submarine Poseidon, which was sunk off Wei-hai-wei on June 9, with the loss of 20 lives, are featured in the OVERLAND CHINA MAIL. The vessel has now been officially given up as irrecoverable. The story of the captain of the ss. Yuta, the Chinese steamer which rammed the Poseldon, is also given..

*

A coup d'etat by the section of the Kuomintang now controlling Canton, is also reported in the .OVERLAND CHINA MAIL. It is announced that they have seized the Customs surplus left over after the allocation of sufficient to meet foreign loans requirements.. .Latest news of the delicate situation in Canton are included, in addition,

*

The very unsettled state of China at present, especially on the Yangisze River, was emphasised by the Chairman at the annual meeting of the Indo-China Navigation Company. Naval protection had been necessary to carry on trade. This factor, coupled with world-wide depression, had made the year 1930 one of the most difficult and anxious.ever known. In addition, the question of basis of payment of salaries of European Floating Staff was still a matter under negotiation. Full details appear in the OVERLAND CHINA MAIL.

Successful operations in the face of untoward con." ditions were reported at meetings during the week of Messrs. Lane, Crawford, Ltd., Messra, Wm. Powell, Ltd.. and the Peak Tramway Company, Ltd. The OVERLAND CHINA MAIL gives complete reports of the meetings.

**

*

Upon the arrival in Hong Kong of the R.M.S. Empresë of Canada, a Filipino who is alleged to have run amok on the high seas, killing two and 'wounding 23 people, was removed in Police custody, and later escorted to the Mental Hospital. An exclusive account of the tragedy appears in the OVERLAND CHINA MAIL.

•

*

#

A special interview with Mr. Eugene Chen, in Canton,"

Mr.

is also a feature of the OVERLAND CHINA MAIL. Chen here gives his views on extrality, and denounces Chiang Kai-shek's conduct of national affairs. He has also many interesting things to say as to present and future relations between Chinese and foreigners.

** *

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↑ lia, and Canada testify to the keen other parts of the world frequently pleasure and intareat its weekly fail to be written even by the most arrival bringe. 'ardent correspondents. It is

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The word "Overland" is a re

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THE OVERLAND CHINA MAIL