1931-06-19 — Page 2

BANK S

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorland Caplie) -

smail $60,000,ana - Imved and Polly Pudup soma. §30,100,000 Beer Punda →

willages £, 6,400,000

Avar ..................$10,000,000

Best Aty of Proprietors $38,506,000

HEAD OFFICE: HONG KONG.

حطبه

BOARD OF DIREOTONA 1 1. Mr. 01. 8 Maskla. Charmes.

tan. Mr. J. 7. Pirano, Deputy Chairman,

Hou, Mr. *. H. Ball, T. E. Pozzon, Esq.

A. H. Campton, Eaq. J. A. Platzmar, Esq.

B: Landar Leavie, Eng. T. II. 1 Bhaw, Es

Q. Klokin, Kag.

BATAVIA

1. P. Warren, Reg.

„Ohial Mutingut,

V. M. Orupturn, Bię,

BRANCHES:--

LONDON

다

HANG YON

T.YONS

HALACCA

BOMBAY

KANILA

CALCUTTA

MUAR (Jokoem!

CANTON

MURDEN

NEW TORK

PEIFING

CHIEFOO

CULUMDO

DAIREN

Poconow HAIPHONG

UAMBUNG HANROW

UARDIN

HONGKEW

110110

1PE

JOHORE

KURS

KOWLOON

KUALA LUMPUR

PENANG

BANGOON

BATOUN

NAN FRANCISC

SHANDIAL

-SINGAPORE

·SOURABAYA

HUNURI PATANI TIENTSIN

TUK YO

TSINGTAO

YOKOHAMA

Curreal Account eposed in Local Curers and Fixed Deposite realvad for one year of shorter periods in Leon Currency and teling en wema which will be quoted on napsation. Bong Kong..28th Fabroney, 1981.

HONG KONG SAVINGS BANK.

The urine of the above Back is sonduol

ed by the HONG KONG AND SHANGHAI BANKING CORPORATION,

obliged on appliculou

Rules may be

FOR THE HONGKONG AND HHANGHAI

BANKING CORPORATION,

V. M. GRAYBURN,

Hong Kong, 18th July, 1980,

Chiel Hausger

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussmana, Paris.

Subscribed Capital Frs. 72,000,000.00 Paid-Up Capital...Fra. 68,400,000.00 Reserve Funds Fra-102,000,000.00

Bangkok Battambang Ilue Cantha • Canton

.Djibouti

*BRANCHES:

Hong Kong Quinhan

Saigon Mengtze

Shanghai Nam-Dinh Singapore Numea Thanh

Tientsin Tourado Pnom-Penh Vịnh Pondichery Yunnanfu BANKERS:

Fort-Bayard Pnpecte

Haiphong Peking

Hankow

Hanoi

IN FRANCE: Comptoir Natiogai d'Escompte. de Paris; Credit Lyonnais: Banque de Paris et das, Pays-Bas; Credit Industriel et Commercial; So cirte Generale.

IN LONDON: The National Provin cis & Union Bank of England, Ltd.; Comptoir Nations. d'Escompta Paris; Credit Lyonnais,

de

IN NEW YORK; J. P. Morgan & Co., French American Banking Cor- peration; 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, 1858,

HEAD OFFICE: LONDON. Paid-up Capital

THE CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917)

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

Authorised Capital "Straits $20,000,000 Issued Capital Paid-up Capital

Liabilition

of Shareholders

Reservo Fund

23,000,000 .£1,000,000

Roserve Liability of Pro.

prietors

.£3,000,000 Reserv

Agencies and Branches:

KUALA LUMPUR

KUCHING

MADIAS

MANILA

ALDX STAR

(Malay Blog}

AMRITSAR

BA KOKOX

BATAVIA HON BAY

CALOUITA CANTON CAWNFORE CRDU

CULON BO

DAIREN (Delay

South Hanobutin)

DELHI

ЛАКАЕВО

HAIPHONG

HANKOW

HARDIN

(*(N. Manchuria)

HÒNG TONG

11.01LO

•

KARAGHI KLAKO

KOOP

KUALA KANGSAR

[Pork. P.M.H.)

MEDAH

NEW YORK

PERINO

PENANO RANGOON

BAROON

BEMARANO

SEREKDAN

SHANGHAI

BINDAPOOR

HOURADAYA

MUTLAWAN

TAIPING (F.M.8.)

TATOY

TIENTSIN

TOEYO

NORA (bukai)

TRINGTAO

YOROHIAMA ZAMBDANDA

Foreign Exchange

(Pallippins Talasıdai-

and Generat

Banking business tracted.

Current Accounts opened and Fix- cil Deposits received for "1 year or shorter periods at rates which will 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.$226,037,302

Branches in:-

ARGENTINE LONDON

BELGIUM

BRAZIL

CHILE

CHINA

COLOMBIA CUBA

DOMINICAN

REPUBLIC

INDIA ITALY JAPAN

MEXICO

PANAMA

PERU

PHILIPPINE ISLANDS

PORTO RICO

STRAITS

SETTLEMENTS URUGUAY VENEZUELA

Commercial and Travellers' Letture of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfers bought and sold. Current accounts and Savings Bank accounts opened and Fixed Deposits in local and for- elga currencies taken at raten that may be ascertained on application to the Bank,

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

Surplan...

8,000,000 4,000,000

4,000,000

U.S.A. TAKES

Commerce and Finance

FRIDAY, JUNE 19, 1931.

BIG DEFICIT.

AUSTRALIAN EXPENDITURE ON

UP-GRADE.

MORE TAXATION,

SILVER PROBLEM. VIEWS OF AN AMERICAN SENATOR.

Shanghai, Yesterday, Senator Tasker Oddie, who has been studying the silver problem A Commonwealth deficit at here in canfunction with Senator

Canberra, Yesterday.

ADVICE NEW BREWERY FOR the end of next year of £34,000,- Key Pittman, commenting on the

OF THE PRINCE.

SHANGHAI

sentatives, when 2,620,000 New Drive on Overseas A Company Flotation

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

Every description of Banking and Exchange business transacted.

TAN ENG, HOOI,

Manager.

NEDERLANDSCHE HANDEL › MAATSCHAPPIJ, N.V.

NEŢ HERLANDS TRADING · BOCIZTT)

BANKERS.

Established 1334.

Cong Chine:-11, Queen's Road Central

Cured Capital Ozildars 150,000,000

(213,800,000) red-Up Capludmale Quilders 20,030,000

Mamerta Fund mannanna Paulidora” #1,815834

Eload Don~~AMSTERDAM” Zatiro Bad Of‰» :—BATAVIA. BRANCHES – Bendjarmasin, Bandung", aty

Celmutte, Chatibda. Djembe, Dio

jakaris") The Hague”, Jaddah, Keba, Kota Baja, Makassar, Medan, Piding Palemban Pekalongan Pany

Pontianak, Rantno Rotterdam

dament", Sangkat,

(Sumatra), Ringapore Bourbal Boraxarts (Belo), Tegal, Tillsap and Waltevreden.

* The offices hare safa deposit, bosan to let London_Bankers ---National Provincial Bank Ltd. Correspondeate all over the world Leaking buena di ararz Vefplios tecinanted.

A. STOKKINK,

Hvat Kod, IL August (500,

►

Manager:

THE BANK OF CHINA, 行銀國中

Reorganised October 26, 1928, under special charter of The National Gov

ernment as on

BANK.

-INTERNATIONÁL EXCHANGE Subscribed Capital ....$25,000,000.00

Paid-Up Capital

Markets.

United

in Prospect.

000, for the past two years, was British silver policy, states: forecast by the Premier, Mr. "Great Britain would rolleve her Scullin, in the House of Repre- taxpayers of a large portion of moying the the burdens of the dole if she

her second reading of the Debt Con. abandoned

silver pelling version Agreement Bill,

palley. As this question is not a He added that the national in- political one in Great Britain her come had fallen £200,000,000 and working classes are

not fully -expenditure had increased Informed of this policy's serious

£11,000,000 since 1927-8.

bearing on the unemployment pro-

TRADE SECRETS.

LARGE OUTPUT.

Industrialists In the

Certain details have been learned States are alarmed by the success of of a new brewery company which Mr. Theodore announced new blein.".. the British Trade Exhibition in it is intended to float in Shanghai, taxntion calculated to produce Senator Oddie reiterated his Buenos Aires; writes a Daily Ex-The Importance of the concern may £7,500,000 annually, including a belief that an international silver press Special Correspondent... be gathered from the fact that the sales tax, further increased in-¡ conference Was desirable, and Mighty efforts are being made by capital investment in the concern is come tax and also drastic reduc- likely to prove of great value, He them to counteract the influence. of estimated to be in the vicinity of tions' in soldiers' pensions.- declared that the abnormally low the Prince's visit one of their | Tis. 1,000,000 or oven Tla.,1,500,000. | Reater. plans boing the erection in Panama It is understood that the company City of a permanent exhibition of United States products.

¿

Intensive training of salesmen is proceeding. Throughout business circles, too, they are avoiding what they term the Briton's excessive in- dividualism and tradition of playing A lone hand in the struggle for overseas markets.

4

price of silver was one of the chief causes of anemployment

is already in process of formation, RUBBER FROM OIL. throughout the world-Reuter. and that not only foreign capitalists but Chinese business men are inter asting themselves in the venture.

A SOVIET STATE

SECRET.

Nearly 100,000. bedding plants, shrubs and seedling trees have baen sent out to Provincial Gov- ernment buildings in Saskatché-

Already the scheme has progres- sed so far in detail that negotiations are being conducted with a foreign Great secrecy is being main-won brow maater to conduct the com-tained in Russia concerning the 're- pany's affairs, and it is learned that ported discovery of a method of Get Together" is America's Slogan. | the gentleman in contemplation has manufacturing rubber from oil on I have seen the fruits of it in a had considerable experience in the a commercial scale. The report business trip through the United management of breweries In first appeared as a short item in Izvestia, the official organ of the States. They have long scrapped Europe..

Soviet Government.

It was announced that half a ton

the policy of the "trade secret:" Several very suitable sites for the rivals pool all marketing informa- brewery are at present under con- tion and any trading facts which sideration by the promoters of the of this rubber had been produced,

help them all.

TIN CONTROL.

Sir P. Cunliffe Lister On The Quotas.

Sir Philip Cunliffe Lister, M.P., nual meeting of the Tin Producera' (chairman), presiding at the an- company with the object of pur-, and that it had been sent to the Red I met

New York the secretary chase, but in the meantime it is un-Triangle rubber factory for manu Association in London on May 22, of an organisation representing all derstood that none of these has factare into various articles.

said: the biggest concerns in America in-yet been decided upon. It is learn-

But attempts to obtain further tion of the Governments to make tis "Clear evidence of the determina- terested in foreign trade.

ed, however, that within a com- information regarding the process

It holds regular conferences of paratively short time definite news, business, heads to thresh out specific will be available, for the public. problems of overseas.markets, It is understood that those in- whether they refer to South Amer-terested in the flotation of the com- ica or any other part of the world.pany contemplate an output of from Each member tables a frank ac-100,000 to 200,000 cases a year, and count of what he is doing, his dif- are making their building and con- Aculties, how he is overcoming them struction plans accordingly.

and even giyes a list of his eus- tomers. Indicating which are good payers and which are bad!

After a long talk with me this $24,710,200.00 oficial said: "I have to leave you Reserve Funda$ 3,820,503.82 now; it's time for my Spanish les-

HEAD OFFICE:, SHANGHAI,

· HONG KONG BRANCH: 4.Queen's Road Central

NEW COMPANY.

MACAO AND SOUTH CHINA ENTERPRISES, LTD.

The Macao & South China En-

have been systematically frustrated, control effective is shown in the reports the Moscow correspondent recent unanimous recommendation of the British United Press. The of the international committee that Scientific Institute for Rubber Re- a further reduction of 15.9 per cent. search explained that the invention which is equivalent to 20,000 tona was a State secret, and intimated of in-should be made in the that the fem in Izvestia had ap- present quota.” peared "by accident."

Another report stating that rub ber had been manufactured from oil appeared in the Krasnaye Gazette. This report was in the form of a telegram announcing the fact from the engineers and technical staff of the Red Triangle factory.

He attributed great importance to the fact that the international con- mittee had appointed a sub-com- mittea to study research, and development. He hoped that as a result of this development, partners in production control would become partners in research.

son." And, as he hurried off, he explained that representatives of all

Information Refused.

hydro-carbon is one that cannot firms in his organisation were tak

Requests for Information regard absorb any more hydrogen. ing daily lessons in that language.terprises, Ltd, has been register-

"Rubber produced from oil is a "How could we tackle South Amer-ed in Hong Kong with an authorising the process were refused from

ed, capital of $100,000, divided all quarters, but the editor of a highly complex compound of satur. ica effectively without Spanish? Owing to our numerous branches in

and non-saturated hydro- China and large, connections in the im- We are taking the Prince's hint," into 10,000 shares of $10 each, of popular scientific magazine, "I Wish ated

which only 7,500 shares have been to Know Everything" ("Khochoo carbons. Liquid hydrocarbons, like of the International Banking Corpora-portant commercial centres of the he added.

Vayo Znat"), declared that an oil, when subjected to pressure by Here is another illustration of issued. tion in San Francisco and Spain and world, we are able to extend to our

The first Directors are:-Mesers: article explaining the process had means of heat, acids, or alkalis, will also of The National City Bank of clients special facilities for domestic American methods. I was invited and foreign banking and exchanges. New York (France), 8.A., in Paris

We also handle the issue of Bonds to inspect an industrial service George H. Potts, H. H. H. Priest and Nice.

F.. MeD. COURTNEY,

and other Public Funds of the Chin- bureau organised by a great insur-ley, P. M. Hodgson, and Ko Leong- ese Government both at home and ance corporation in New York, and hoe. Hong Kong, June 16, 1981.

THE

Manager.

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway, New York.

Manager.

Hong Kong, 1st May, 1931.

Capital Surplus Reservés

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

Capital (fully paid-up) Yen 190,000,000 Reserve Fund

.Yen 115,000,000

Head Office:YOKOHAMA. ·

Branches and 'Ageneles at:

Manila Nagasaki

Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

Changchut

Dairen (Dalny)

Nagoya

Newchwang

New York Osaka

Fengtien (Mukden) Rio de Janeiro

Hamburg

Hankow

Harbin

Hong Kong

Honolulu

Kai Yuen Karachi

Pelping Rangoon

San Francisco Seattle,

Semarang Shanghai Shimonoseki Singaporo Boerabaya Sydney Tientsin Tokyo Tsingtau Intareat allowed on Current 'Ac- counts,

London

Kobe

Los Angeles

Lyons

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

H. MORI

Manager

Hong Kong, 11th April, 1921.

Berlin

Biarrika

Bombay.

Besmen Brussata

U.S.$6,000,000 .U.S.$1,572,454 .U.S.$1,008,209

BRANCHES

Amlarda Acimany Atheas

Baals

Os *Bisigon Havana Hamburg

Nida Sapl

Piraeus Parts

Interlaken Ferusaloos Lido Londos

Plunde

In re

Cairo Calmita

Liverpool Luberpe Luguse

Car

Lor

Tatang Faking

Sotterdam Roms BLAbout Sheoghal douthamploo Bugspor

Colomba

Marseilles

Copenhagen

fonatantinopla Monia, Ubria

Munich

Montreui

St. Mori

Tinalala

Ferie

Toholama Zurich

Flohne Baners

Brunches of American Express Company in Principal cities of Unit- ed States of America and Canada.

All classes of Commercial Banking Transactions' undertaken.

Personal handied

Investment

accounts

The Company offers to intending Travellers the use of its "Travelers Cheques" and Latture of Credit and, In addition, the world-wide" services of its thoroughly equipped, Travel De- partment.

Affiliated with

abroad.

SHOU J. CHEN,

Hong Kong, 5th March, 1931.

Manager.

THE BANK OF CANTON,

Established 1912.

move-

lication.

been received six months before, produce a compound that has all the but was suppressed just before pub- properties of rubber. It is all a question of condensation of liquid A Soviet chemist of high stand-hydro-carbons.” I found that this class of institu No invitation to the public has

A considerable quantity of syn-. tion is taking an important hand in beon issued as the capital requiring, however, agreed to explain the

ed was immediately fully subscrib- general principle of the process.thetic rubber was manufactured in the pooling-of-information

ed by the promoters and their He snid",

Germany during the War, the ment.

friends..

"Oll and rubber are both hydro-chemist said, but owing to the drop The Company obtained Ita certi-carbons. Every atom of carbon is in the price of rubber since its Imagine yourself a manufacturercate to commence business yes- able to absorb no more than four manufacture synthetically became LTD.of men's hats and troubled by certerday.

units of hydrogen. A saturated unprofitable. tain problems in connection with your business. They may concern price of raw material, quality of felt or dyes, packing, marketing, advertising, or your costing system.

Head Office-flong Kong.

Authorised Capal (HA. Currency) $11,000,000 Pald-Up Capital

8,400,000 1,100,000

Borrs Fuad

BRANCHES-

CORRESPONDENTS

Even Tombstones!

You need not worry out the pro- Canton, Shanghai, Hanko, Boblems alone and "muddle through." Bangkok, New York and Bio Francino. Tell this service bureau all about them, and at once the accumulated experience of all the other makers of men's hate is at your disposal.

LONDON BANKERS

The Lloyd's Bank, Maited

In all principal afilas of the World.

'Porsigo' szobangs and“ darklig“ kasimosa" of very description traumoled,

Pale Deposit Boxes (various sinee) në u zonely

rastal af brom 3 to $40.

LOOK POONG SHAN,

Chief Manager.

I examined hundreds of printed Information reporte.

How the most unlikely trades are scientifically studied is shown by the title of one of them: "Factors in Cemetery Development Affecting THE BANK OF TAIWAN, LTD.the Market for Tombstones!"

(TAIWAN GINKO.)

HEAD OFFICE: Taipeh, Formosa.

Incorporated by Special Imperial Charter, 1899.

Another deals exhaustively with the problem of developing an ice- cream delivery trade in asburbs and country, and still another suggests how great service might be render- ed to our own farmers, smallholders and other fruitgrowers.

In the team work of American trade all take part. The banker believes that he is much a mem-

Contest Bank Ja Foetoak. Bank Note Aysengu amosat malam, 45,500,000 BRANCHES AND AGENCIES. JAPAN-TO, Yokohama, Zoba Osaka. YOUKOSALES

Kamako," Kulong Malong, Neato, Chinchiku, Tuna, Talas ber of the team as the man who CHINA hangbai, flankow, Amoy Foochaw, makes the article in the factory and OTHERS-Hong Kong. Bingapors, Bossbars the man who sells It in Buenos

Semarang Balaris, Bombay, Dales London, New Your

i

Taka Tamen, Toon, Hadio. Talto

LONDON. LANKERS,

The Loudon County Wallis and Fw's

The Bank had Corrispondente in all the peisepal

Commercial Coating“ Chrên ghoul: ibe 'world. "

THE CHASE NATIONAL BANK HONG KONG BRANCH

Resources

Ovar: 6$2,600,000,000

C. "IL" BENSON,

General Manager.

THE BANK OF EAST ASIA, LTD.

Established 1918,

HEAD OFFICEÏ:

10, Des Voeux Road, Central.

TONG RON

over" IL# 8,000,000.00 H330,000,000.00

Jon of Banking and Exchange business.

Accounts In Rocal and for

MACIONA

• Manage

Hong Kong, mamy: 110%)

YOU

ARE INVITED TO INSPECT OUR STOOK OF

ASIATIC FOREIGN AND COLONIAL

POSTAGE STAMPS

IN BETS, SINGLE PACKETS, BAGS AND IN APPROVAL: SHEETS

Adres.

their belief that there should be no An American banker told me of

glückening of advertising in times of bad trade, I asked him what he was himself spending. He told ma frankly, because banks not only preach advertising to industry, but practise it themselves....

Financial "advertising appropria tions by banks and other financial corporations in the United States will be considerably larger in 1981 than they were in 1980, te pa

The total amount to be spent by theas particular advertisers this

·EXCESS year with bein £10,000,000,

Everything (8) menco

soparation act way station

of

ready to com proposed grade and now rail

the Toront2

Hamilton and Buffalo Hallway In

Hamilton, Ontario,

work is alread

GRAÇA & CO, with the

main and

plated pl

|com

PO Box Noi BID. HIING KONG.

work shor

Preparatory ding dealing

ater

Yet-

AS MODERN

AS THE TALKIES”

The best things in life never. grow stake. Bom back in the crinoline days, even now THREE CASTLES remains

a lender among the finest Virginian cigarettes made. A good friend-an honest smoke"

there's no sweeter

comes from Virginia and no better brand than the THREE. CASTLES

THREE CASTLES

CIGARETTES

FAMOUS FOR FIFTY YEARS